NETFLIX INC (NFLX) Operating margin 2016–2025
NETFLIX INC (NFLX) operating margin by fiscal year — reported operating income divided by reported revenue.
29.5%FY2025 · since FY2016: 4.3% → 29.5%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 29.5% | +2.8 pp |
| FY2024 | 26.7% | +6.1 pp |
| FY2023 | 20.6% | +2.8 pp |
| FY2022 | 17.8% | -3.0 pp |
| FY2021 | 20.9% | +2.5 pp |
| FY2020 | 18.3% | +5.4 pp |
| FY2019 | 12.9% | +2.8 pp |
| FY2018 | 10.2% | +3.0 pp |
| FY2017 | 7.2% | +2.9 pp |
| FY2016 | 4.3% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice