Netflix, Inc. (NFLX) Profit Margins
Over the twelve months to 2026-09-30, Netflix, Inc. (NFLX) had gross margin 50.7%, operating margin 31.3%, net margin 29.7%, free cash flow margin 22.9%, according to EquiReason's reading of its SEC filings.
Source: SEC EDGAR filings · figures as of 2026-09-30 · read by EquiReason
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- Market cap
- 270.4B
- P/E TTM
- 19.0
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 18 Jan, in 86 days
| Line | FY2009 Dec 09 | FY2010 Dec 10 | FY2011 Dec 11 | FY2012 Dec 12 | FY2013 Dec 13 | FY2014 Dec 14 | FY2015 Dec 15 | FY2016 Dec 16 | FY2017 Dec 17 | FY2018 Dec 18 | FY2019 Dec 19 | FY2020 Dec 20 | FY2021 Dec 21 | FY2022 Dec 22 | FY2023 Dec 23 | FY2024 Dec 24 | FY2025 Dec 25 | TTM Sep 26 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 35.4% | 37.2% | 36.3% | 26.5% | 28.7% | 31.8% | 32.3% | 29.1% | 31.3% | 36.9% | 38.3% | 38.9% | 41.6% | 39.4% | 41.5% | 46.1% | 48.5% | 50.7% | |
| Operating margin | 11.5% | 13.1% | 11.7% | 1.4% | 5.2% | 7.3% | 4.5% | 4.3% | 7.2% | 10.2% | 12.9% | 18.3% | 20.9% | 17.8% | 20.6% | 26.7% | 29.5% | 31.3% | |
| Net margin | 6.9% | 7.4% | 7.1% | 0.5% | 2.6% | 4.8% | 1.8% | 2.1% | 4.8% | 7.7% | 9.3% | 11.0% | 17.2% | 14.2% | 16.0% | 22.3% | 24.3% | 29.7% | |
| FCF margin | 16.7% | 11.2% | 8.4% | -0.5% | 1.0% | -1.0% | -12.4% | -17.9% | -16.8% | -18.1% | -15.6% | 7.7% | -0.4% | 5.1% | 20.5% | 17.7% | 20.9% | 22.9% |
USD billions · SEC XBRL
Netflix, Inc. — questions
- What is Netflix, Inc.'s gross margin?
- 50.7% over the twelve months to 2026-09-30.
- What is Netflix, Inc.'s operating margin?
- 31.3% over the twelve months to 2026-09-30.
- What is Netflix, Inc.'s net profit margin?
- 29.7% over the twelve months to 2026-09-30.
Every figure on this page comes from Netflix, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.