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Netflix, Inc. (NFLX) Gross Margin

Annual Gross Margin:

45.88%+4.34%(+10.45%)
December 31, 2024

Summary

  • As of today, NFLX annual gross profit margin is 45.88%, with the most recent change of +4.34% (+10.45%) on December 31, 2024.
  • During the last 3 years, NFLX annual gross margin has risen by +4.24% (+10.18%).
  • NFLX annual gross margin is now -6.12% below its all-time high of 48.87%, reached on December 31, 2002.

Performance

1-Year Change

+10.45%

3-Year Change

+10.18%

5-Year Change

+19.85%

15-Year Change

+33.02%

NFLX Gross Margin Chart

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Highlights

Sector Percentile

56.14%
NFLX annual gross profit margin is higher than 56.14% of companies in Communication Services sector

Range

All-Time High

48.87%
NFLX annual gross profit margin is currently -6.12% below its historical high of 48.87%

3-Year Low

39.37%
NFLX annual gross profit margin is currently +16.54% above its 3-year low

Earnings dates

Last Annual Earnings Report Date

Dec 31, 2024
NFLX previous annual earnings announcement was published on Dec 31, 2024

Next Annual Earnings Report Date

Jan 20, 2026
NFLX next annual earnings announcement is scheduled for Jan 20, 2026

OtherNFLXprofitability metrics

Annual Revenue

$38.88B
NFLX annual revenue is $38.88 billion

Annual Gross Profit

$17.84B
NFLX annual gross profit is $17.84 billion

Annual Operating Margin

-27.65%
NFLX annual operating profit margin is -27.65%

Annual Net Margin

22.41%
NFLX annual net profit margin is 22.41%

Quarterly Gross Margin:

47.03%-5.06%(-9.71%)
September 30, 2025

Summary

  • As of today, NFLX quarterly gross profit margin is 47.03%, with the most recent change of -5.06% (-9.71%) on September 30, 2025.
  • Over the past year, NFLX quarterly gross margin has dropped by -0.60% (-1.26%).
  • NFLX quarterly gross margin is now -28.90% below its all-time high of 66.15%, reached on December 31, 2002.

Performance

3-Month Change

-9.71%

1-Year Change

-1.26%

3-Year Change

+18.82%

5-Year Change

+17.87%

NFLX Quarterly Gross Margin Chart

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Highlights

Sector Percentile

54.03%
NFLX quarterly gross profit margin is higher than 54.03% of companies in Communication Services sector

Range

All-Time High

66.15%
NFLX quarterly gross profit margin is currently -28.90% below its historical high of 66.15%

3-Year Low

31.18%
NFLX quarterly gross profit margin is currently +50.83% above its 3-year low

Earnings dates

Last Quarterly Earnings Report Date

Sep 30, 2025
NFLX previous earnings announcement was published on Sep 30, 2025

Next Quarterly Earnings Report Date

Jan 20, 2026
NFLX next earnings announcement is scheduled for Jan 20, 2026

OtherNFLXprofitability metrics

Quarterly Revenue

$11.64B
NFLX quarterly revenue is $11.64 billion

Quarterly Gross Profit

$5.35B
NFLX quarterly gross profit is $5.35 billion

Quarterly Operating Margin

29.00%
NFLX quarterly operating profit margin is 29.00%

Quarterly Net Margin

21.88%
NFLX quarterly net profit margin is 21.88%

Gross Margin Formula

Gross Margin =  Gross Profit
Revenue ✕ 100%

Annual Gross Margin

45.88%
NFLX annual gross profit margin is 45.88%

Annual Gross Profit

$17.84B
NFLX annual gross profit is $17.84 billion

Annual Revenue

$38.88B
NFLX annual revenue is $38.88 billion

NFLX Gross Margin Trends

PeriodPeriodAnnualAnnualQuarterlyQuarterly
1Y1 Year+10.4%-1.3%
3Y3 Years+10.2%+18.8%
5Y5 Years+19.9%+17.9%

NFLX Gross Margin Highs & Lows

PeriodPeriodAnnual vs HighAnnual vs HighAnnual vs LowAnnual vs LowQuarter. vs HighQuarter. vs HighQuarter. vs LowQuarter. vs Low
3Y3-Yearat high+16.5%-9.7%+50.8%
5Y5-Yearat high+19.9%-9.7%+50.8%
All-TimeAll-Time-6.1%+2095.2%-28.9%>+9999.0%

NFLX Gross Margin History

DateAnnualQuarterly
Sep 2025
-
47.03%(-9.7%)
Jun 2025
-
52.09%(+5.6%)
Mar 2025
-
49.31%(+13.6%)
Dec 2024
45.88%(+10.4%)
43.41%(-8.9%)
Sep 2024
-
47.63%(+4.3%)
Jun 2024
-
45.68%(-2.7%)
Mar 2024
-
46.95%(+17.6%)
Dec 2023
41.54%(+5.5%)
39.91%(-5.6%)
Sep 2023
-
42.27%(-1.5%)
Jun 2023
-
42.92%(+4.3%)
Mar 2023
-
41.14%(+31.9%)
Dec 2022
39.37%(-5.5%)
31.18%(-21.2%)
Sep 2022
-
39.58%(-3.8%)
Jun 2022
-
41.15%(-9.6%)
Mar 2022
-
45.54%(+42.1%)
Dec 2021
41.64%(+7.1%)
32.04%(-26.8%)
Sep 2021
-
43.79%(-3.3%)
Jun 2021
-
45.27%(-1.6%)
Mar 2021
-
46.00%(+23.3%)
Dec 2020
38.89%(+1.6%)
37.31%(-6.5%)
Sep 2020
-
39.90%(-2.1%)
Jun 2020
-
40.74%(+8.4%)
Mar 2020
-
37.59%(+2.7%)
Dec 2019
38.28%(+3.8%)
36.61%(-10.6%)
Sep 2019
-
40.93%(+5.1%)
Jun 2019
-
38.95%(+6.7%)
Mar 2019
-
36.50%(+5.2%)
Dec 2018
36.89%(+7.0%)
34.71%(-12.5%)
Sep 2018
-
39.68%(-4.1%)
Jun 2018
-
41.39%(+1.8%)
Mar 2018
-
40.66%(+13.4%)
Dec 2017
34.49%(+8.7%)
35.86%(+7.9%)
Sep 2017
-
33.23%(+4.8%)
Jun 2017
-
31.71%(-14.6%)
Mar 2017
-
37.15%(+11.8%)
Dec 2016
31.72%(-1.7%)
33.22%(+0.5%)
Sep 2016
-
33.07%(+10.1%)
Jun 2016
-
30.03%(-0.0%)
Mar 2016
-
30.04%(-4.6%)
Dec 2015
32.27%(+1.4%)
31.48%(-3.0%)
Sep 2015
-
32.47%(+2.1%)
Jun 2015
-
31.80%(-5.0%)
Mar 2015
-
33.48%(+5.7%)
Dec 2014
31.83%(+7.8%)
31.68%(-1.9%)
Sep 2014
-
32.29%(+1.7%)
Jun 2014
-
31.75%(+0.6%)
Mar 2014
-
31.57%(+2.1%)
Dec 2013
29.52%
30.92%(+8.6%)
Sep 2013
-
28.48%(-3.6%)
Jun 2013
-
29.54%(+1.8%)
DateAnnualQuarterly
Mar 2013
-
29.01%(+10.0%)
Dec 2012
27.25%(-25.0%)
26.38%(-1.5%)
Sep 2012
-
26.79%(-3.1%)
Jun 2012
-
27.64%(-2.2%)
Mar 2012
-
28.27%(-17.6%)
Dec 2011
36.34%(-2.4%)
34.31%(-1.2%)
Sep 2011
-
34.71%(-8.3%)
Jun 2011
-
37.87%(-2.9%)
Mar 2011
-
39.02%(+13.4%)
Dec 2010
37.24%(+5.3%)
34.42%(-8.8%)
Sep 2010
-
37.73%(-4.3%)
Jun 2010
-
39.41%(+4.3%)
Mar 2010
-
37.78%(-0.7%)
Dec 2009
35.38%(+6.2%)
38.03%(+8.8%)
Sep 2009
-
34.94%(+2.5%)
Jun 2009
-
34.09%(-0.4%)
Mar 2009
-
34.21%(-3.0%)
Dec 2008
33.30%(-4.3%)
35.25%(+3.0%)
Sep 2008
-
34.22%(+7.4%)
Jun 2008
-
31.85%(+0.5%)
Mar 2008
-
31.69%(-6.4%)
Dec 2007
34.78%(-6.2%)
33.84%(-0.0%)
Sep 2007
-
33.85%(-3.9%)
Jun 2007
-
35.23%(-2.5%)
Mar 2007
-
36.14%(-7.1%)
Dec 2006
37.09%(+16.2%)
38.91%(+2.5%)
Sep 2006
-
37.96%(+2.3%)
Jun 2006
-
37.09%(+9.6%)
Mar 2006
-
33.85%(+235.8%)
Dec 2005
31.91%(-29.7%)
10.08%(-76.7%)
Sep 2005
-
43.17%(+53.4%)
Jun 2005
-
28.15%(+3.8%)
Mar 2005
-
27.11%(-40.4%)
Dec 2004
45.39%(-0.2%)
45.49%(-8.0%)
Sep 2004
-
49.45%(+17.7%)
Jun 2004
-
42.00%(-3.6%)
Mar 2004
-
43.58%(-3.6%)
Dec 2003
45.50%(-6.9%)
45.23%(-2.7%)
Sep 2003
-
46.47%(+5.1%)
Jun 2003
-
44.23%(-4.1%)
Mar 2003
-
46.10%(-30.3%)
Dec 2002
48.87%(+42.6%)
66.15%(+40.1%)
Sep 2002
-
47.22%(-6.0%)
Jun 2002
-
50.24%(-0.2%)
Mar 2002
-
50.35%(>+9900.0%)
Dec 2001
34.26%(+11.5%)
-
Dec 2001
-
0.00%
Dec 2000
30.74%(+143.2%)
-
Dec 1999
12.64%(+504.8%)
-
Dec 1998
2.09%
-

FAQ

  • What is Netflix, Inc. annual gross profit margin?
  • What is the all-time high annual gross margin for Netflix, Inc.?
  • What is Netflix, Inc. annual gross margin year-on-year change?
  • What is Netflix, Inc. quarterly gross profit margin?
  • What is the all-time high quarterly gross margin for Netflix, Inc.?
  • What is Netflix, Inc. quarterly gross margin year-on-year change?

What is Netflix, Inc. annual gross profit margin?

The current annual gross margin of NFLX is 45.88%

What is the all-time high annual gross margin for Netflix, Inc.?

Netflix, Inc. all-time high annual gross profit margin is 48.87%

What is Netflix, Inc. annual gross margin year-on-year change?

Over the past year, NFLX annual gross profit margin has changed by +4.34% (+10.45%)

What is Netflix, Inc. quarterly gross profit margin?

The current quarterly gross margin of NFLX is 47.03%

What is the all-time high quarterly gross margin for Netflix, Inc.?

Netflix, Inc. all-time high quarterly gross profit margin is 66.15%

What is Netflix, Inc. quarterly gross margin year-on-year change?

Over the past year, NFLX quarterly gross profit margin has changed by -0.60% (-1.26%)
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