What is the current annual gross margin of NFLX?

As of today, NFLX annual gross margin is 48.49%

What is 1-year change in NFLX annual gross margin?

NFLX annual gross margin is up +5.69% year-over-year

What is 3-year change in NFLX annual gross margin?

NFLX annual gross margin is up +23.16% over the past 3 years

How far is NFLX annual gross margin from its all-time high?

NFLX annual gross margin is currently -0.78% below its historical high of 48.87% set on December 31, 2002

How does NFLX annual gross margin rank versus sector peers?

NFLX annual gross margin is higher than 62.26% of companies in Communication Services sector

When is NFLX next annual earnings release?

The next annual earnings release for NFLX is on January 19, 2027

What is the current quarterly gross margin of NFLX?

As of today, NFLX quarterly gross margin is 52.80%

What is NFLX quarterly gross margin most recent change?

NFLX quarterly gross margin was up +1.30% on September 30, 2026

What is 1-year change in NFLX quarterly gross margin?

NFLX quarterly gross margin is up +12.27% year-over-year

How far is NFLX quarterly gross margin from its all-time high?

NFLX quarterly gross margin is currently -20.18% below its historical high of 66.15% set on December 31, 2002

How does NFLX quarterly gross margin rank versus sector peers?

NFLX quarterly gross margin is higher than 63.88% of companies in Communication Services sector

When is NFLX next earnings release?

The next earnings release for NFLX is on January 19, 2027

Netflix, Inc. (NFLX) Gross Margin History & Chart Since 1998

Annual Gross Margin

48.49%2.61%+5.69%

December 31, 2025

Summary

Current Value: As of today, NFLX annual gross margin is 48.49%, up +5.69% on December 31, 2025
Historical Performance: NFLX annual gross margin is up +23.16% over the past 3 years, up +24.69% over the past 5 years
All-Time High Comparison: NFLX annual gross margin is currently -0.78% below its historical high of 48.87% set on December 31, 2002
3-Year Low Comparison: NFLX annual gross margin is +23.16% above its 3-year low of 39.37% reached on an earlier date
Sector Comparison: NFLX annual gross margin is higher than 62.26% of companies in Communication Services sector

Gross Margin Chart

beforeafter

Performance

NFLX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 25	48.49%	+5.7%	+23.2%	+24.7%	+30.2%
Quarterly Gross Margin	Sep 30, 26	52.80%	+12.3%	+24.9%	+20.6%	+52.1%
Price	Nov 6, 26	$63.41	-42.2%	+45.9%	-1.8%	+4830.8%
PE Ratio	Nov 6, 26	18.32	-60.0%	-57.7%	-68.5%	-10.2%
Annual Revenue	Dec 31, 25	$45.27B	+16.5%	+43.2%	+81.1%	+1993.5%
Annual Gross Profit	Dec 31, 25	$21.91B	+22.8%	+76.0%	+125.4%	+2620.5%
Annual Operating Margin	Dec 31, 25	29.49%	+11.4%	+65.5%	+60.8%	+129.8%
Annual Net Margin	Dec 31, 25	24.30%	+8.4%	+71.0%	+119.9%	+226.6%

Gross Margin Highs

NFLX Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	48.49%	Dec 31, 25	at high
5Y	48.49%	Dec 31, 25	at high
All	48.87%	Dec 31, 02	-0.8%

Gross Margin Lows

NFLX Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	39.37%	N/A	+23.2%
5Y	38.89%	N/A	+24.7%
All	2.09%	Dec 1, 98	+2220.1%

Gross Margin History

Year	Value	Change
2025	48.49%	+5.7%
2024	45.88%	+10.4%
2023	41.54%	+5.5%
2022	39.37%	-5.5%
2021	41.64%	+7.1%
2020	38.89%	+1.6%
2019	38.28%	+3.8%
2018	36.89%	+7.0%
2017	34.49%	+8.7%
2016	31.72%	-1.7%
2015	32.27%	+1.4%
2014	31.83%	+7.8%
2013	29.52%	+8.3%
2012	27.25%	-25.0%

Year	Value	Change
2011	36.34%	-2.4%
2010	37.24%	+5.3%
2009	35.38%	+6.2%
2008	33.30%	-4.3%
2007	34.78%	-6.2%
2006	37.09%	+16.2%
2005	31.91%	-29.7%
2004	45.39%	-0.2%
2003	45.50%	-6.9%
2002	48.87%	+42.6%
2001	34.26%	+11.5%
2000	30.74%	+143.2%
1999	12.64%	+504.8%
1998	2.09%	-

FAQ

What is the current annual gross margin of NFLX?: As of today, NFLX annual gross margin is 48.49%
What is 1-year change in NFLX annual gross margin?: NFLX annual gross margin is up +5.69% year-over-year
What is 3-year change in NFLX annual gross margin?: NFLX annual gross margin is up +23.16% over the past 3 years
How far is NFLX annual gross margin from its all-time high?: NFLX annual gross margin is currently -0.78% below its historical high of 48.87% set on December 31, 2002
How does NFLX annual gross margin rank versus sector peers?: NFLX annual gross margin is higher than 62.26% of companies in Communication Services sector
When is NFLX next annual earnings release?: The next annual earnings release for NFLX is on January 19, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Quarterly Gross Margin

52.80%0.68%+1.30%

September 30, 2026

Summary

Current Value: As of today, NFLX quarterly gross margin is 52.80%, up +1.30% on September 30, 2026
Historical Performance: NFLX quarterly gross margin is up +12.27% year-over-year, up +24.91% over the past 3 years
All-Time High Comparison: NFLX quarterly gross margin is currently -20.18% below its historical high of 66.15% set on December 31, 2002
3-Year Low Comparison: NFLX quarterly gross margin is +32.30% above its 3-year low of 39.91% reached on December 31, 2023
Sector Comparison: NFLX quarterly gross margin is higher than 63.88% of companies in Communication Services sector

Performance

NFLX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 26	52.80%	+1.3%	+12.3%	+24.9%	+20.6%
Annual Gross Margin	Dec 31, 25	48.49%	–	+5.7%	+23.2%	+24.7%
Price	Nov 6, 26	$63.41	-13.9%	-42.2%	+45.9%	-1.8%
PE Ratio	Nov 6, 26	18.32	-21.1%	-60.0%	-57.7%	-68.5%
Quarterly Revenue	Sep 30, 26	$12.87B	+2.1%	+10.6%	+50.7%	+72.0%
Quarterly Gross Profit	Sep 30, 26	$6.80B	+3.4%	+24.2%	+88.3%	+107.4%
Quarterly Operating Margin	Sep 30, 26	34.65%	+3.0%	+19.5%	+54.4%	+47.7%
Quarterly Net Margin	Sep 30, 26	28.46%	+5.5%	+30.1%	+44.9%	+47.0%

Quarterly Gross Margin Highs

NFLX Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	52.80%	Sep 30, 26	at high
3Y	52.80%	Sep 30, 26	at high
5Y	52.80%	Sep 30, 26	at high
All	66.15%	Dec 31, 02	-20.2%

Quarterly Gross Margin Lows

NFLX Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	46.28%	Dec 31, 25	+14.1%
3Y	39.91%	Dec 31, 23	+32.3%
5Y	31.18%	Dec 31, 22	+69.3%
All	0.00%	Dec 1, 01	N/A

Quarterly Gross Margin History

Month	Value	Change
Sep 2026	52.80%	+1.3%
Jun 2026	52.12%	-0.6%
Mar 2026	52.44%	+13.3%
Dec 2025	46.28%	-1.6%
Sep 2025	47.03%	-9.7%
Jun 2025	52.09%	+5.6%
Mar 2025	49.31%	+13.6%
Dec 2024	43.41%	-8.9%
Sep 2024	47.63%	+4.3%
Jun 2024	45.68%	-2.7%
Mar 2024	46.95%	+17.6%
Dec 2023	39.91%	-5.6%
Sep 2023	42.27%	-1.5%
Jun 2023	42.92%	+4.3%
Mar 2023	41.14%	+31.9%
Dec 2022	31.18%	-21.2%
Sep 2022	39.58%	-3.8%
Jun 2022	41.15%	-9.6%
Mar 2022	45.54%	+42.1%
Dec 2021	32.04%	-26.8%
Sep 2021	43.79%	-3.3%
Jun 2021	45.27%	-1.6%
Mar 2021	46.00%	+23.3%
Dec 2020	37.31%	-6.5%
Sep 2020	39.90%	-2.1%
Jun 2020	40.74%	+8.4%
Mar 2020	37.59%	+2.7%
Dec 2019	36.61%	-10.6%
Sep 2019	40.93%	+5.1%
Jun 2019	38.95%	+6.7%
Mar 2019	36.50%	+5.2%
Dec 2018	34.71%	-12.5%
Sep 2018	39.68%	-4.1%
Jun 2018	41.39%	+1.8%
Mar 2018	40.66%	+13.4%
Dec 2017	35.86%	+7.9%
Sep 2017	33.23%	+4.8%
Jun 2017	31.71%	-14.6%
Mar 2017	37.15%	+11.8%
Dec 2016	33.22%	+0.5%
Sep 2016	33.07%	+10.1%
Jun 2016	30.03%	-0.0%
Mar 2016	30.04%	-4.6%
Dec 2015	31.48%	-3.0%
Sep 2015	32.47%	+2.1%
Jun 2015	31.80%	-5.0%
Mar 2015	33.48%	+5.7%
Dec 2014	31.68%	-1.9%
Sep 2014	32.29%	+1.7%
Jun 2014	31.75%	+0.6%

Month	Value	Change
Mar 2014	31.57%	+2.1%
Dec 2013	30.92%	+8.6%
Sep 2013	28.48%	-3.6%
Jun 2013	29.54%	+1.8%
Mar 2013	29.01%	+10.0%
Dec 2012	26.38%	-1.5%
Sep 2012	26.79%	-3.1%
Jun 2012	27.64%	-2.2%
Mar 2012	28.27%	-17.6%
Dec 2011	34.31%	-1.2%
Sep 2011	34.71%	-8.3%
Jun 2011	37.87%	-2.9%
Mar 2011	39.02%	+13.4%
Dec 2010	34.42%	-8.8%
Sep 2010	37.73%	-4.3%
Jun 2010	39.41%	+4.3%
Mar 2010	37.78%	-0.7%
Dec 2009	38.03%	+8.8%
Sep 2009	34.94%	+2.5%
Jun 2009	34.09%	-0.4%
Mar 2009	34.21%	-3.0%
Dec 2008	35.25%	+3.0%
Sep 2008	34.22%	+7.4%
Jun 2008	31.85%	+0.5%
Mar 2008	31.69%	-6.4%
Dec 2007	33.84%	-0.0%
Sep 2007	33.85%	-3.9%
Jun 2007	35.23%	-2.5%
Mar 2007	36.14%	-7.1%
Dec 2006	38.91%	+2.5%
Sep 2006	37.96%	+2.3%
Jun 2006	37.09%	+9.6%
Mar 2006	33.85%	+235.8%
Dec 2005	10.08%	-76.7%
Sep 2005	43.17%	+53.4%
Jun 2005	28.15%	+3.8%
Mar 2005	27.11%	-40.4%
Dec 2004	45.49%	-8.0%
Sep 2004	49.45%	+17.7%
Jun 2004	42.00%	-3.6%
Mar 2004	43.58%	-3.6%
Dec 2003	45.23%	-2.7%
Sep 2003	46.47%	+5.1%
Jun 2003	44.23%	-4.1%
Mar 2003	46.10%	-30.3%
Dec 2002	66.15%	+40.1%
Sep 2002	47.22%	-6.0%
Jun 2002	50.24%	-0.2%
Mar 2002	50.35%	>+9,900.0%
Dec 2001	0.00%	-

FAQ

What is the current quarterly gross margin of NFLX?: As of today, NFLX quarterly gross margin is 52.80%
What is NFLX quarterly gross margin most recent change?: NFLX quarterly gross margin was up +1.30% on September 30, 2026
What is 1-year change in NFLX quarterly gross margin?: NFLX quarterly gross margin is up +12.27% year-over-year
How far is NFLX quarterly gross margin from its all-time high?: NFLX quarterly gross margin is currently -20.18% below its historical high of 66.15% set on December 31, 2002
How does NFLX quarterly gross margin rank versus sector peers?: NFLX quarterly gross margin is higher than 63.88% of companies in Communication Services sector
When is NFLX next earnings release?: The next earnings release for NFLX is on January 19, 2027

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

NFLX Official Website www.netflix.com
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/1065280/000119312525327462/0001193125-25-327462-index.htm
NFLX Profile on Yahoo Finance finance.yahoo.com/quote/NFLX
NFLX Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/nflx