Netflix, Inc. (NFLX) Gross margin 2016–2025
Netflix, Inc. (NFLX) gross margin by fiscal year — reported gross profit divided by reported revenue.
48.5%FY2025 · since FY2016: 29.1% → 48.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 48.5% | +2.4 pp |
| FY2024 | 46.1% | +4.5 pp |
| FY2023 | 41.5% | +2.2 pp |
| FY2022 | 39.4% | -2.3 pp |
| FY2021 | 41.6% | +2.8 pp |
| FY2020 | 38.9% | +0.6 pp |
| FY2019 | 38.3% | +1.4 pp |
| FY2018 | 36.9% | +5.6 pp |
| FY2017 | 31.3% | +2.2 pp |
| FY2016 | 29.1% | — |
Gross margin = reported gross profit ÷ reported revenue for the same fiscal year.
Source: SEC XBRL filings · For reference only · Not investment advice
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