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
More NFLX financial trends
NFLX RevenueNFLX Net incomeNFLX Net marginNFLX Gross profitNFLX Gross marginNFLX Operating incomeNFLX Operating cash flowNFLX Free cash flowNFLX Capital expendituresNFLX Return on equityNFLX Stock buybacksNFLX Dividends paidNFLX Total assetsNFLX Total liabilitiesNFLX Shareholders’ equityNFLX overview →