What is the current annual operating margin of NFLX?

As of today, NFLX annual operating margin is 29.49%

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

NFLX annual operating margin is up +11.41% year-over-year

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

NFLX annual operating margin is up +65.49% over the past 3 years

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

NFLX annual operating margin is currently at its all-time high

How does NFLX annual operating margin rank versus sector peers?

NFLX annual operating margin is higher than 93.96% 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 operating margin of NFLX?

As of today, NFLX quarterly operating margin is 34.65%

What is NFLX quarterly operating margin most recent change?

NFLX quarterly operating margin was up +3.00% on September 30, 2026

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

NFLX quarterly operating margin is up +19.48% year-over-year

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

NFLX quarterly operating margin is currently at its all-time high

How does NFLX quarterly operating margin rank versus sector peers?

NFLX quarterly operating margin is higher than 96.48% 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) Operating Margin History & Chart

Annual Operating Margin

29.49%3.02%+11.41%

December 31, 2025

Summary

Current Value: As of today, NFLX annual operating margin is 29.49%, up +11.41% on December 31, 2025
Historical Performance: NFLX annual operating margin is up +65.49% over the past 3 years, up +60.80% over the past 5 years
All-Time High Comparison: NFLX annual operating margin is currently at its all-time high
3-Year Low Comparison: NFLX annual operating margin is +65.49% above its 3-year low of 17.82% reached on an earlier date
Sector Comparison: NFLX annual operating margin is higher than 93.96% of companies in Communication Services sector

Operating Margin Chart

beforeafter

Performance

NFLX Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Operating Margin	Dec 31, 25	29.49%	+11.4%	+65.5%	+60.8%	+129.8%
Quarterly Operating Margin	Sep 30, 26	34.65%	+19.5%	+54.4%	+47.7%	+194.1%
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 Operating Profit	Dec 31, 25	$13.33B	+29.5%	+136.6%	+190.6%	+4701.6%
Annual Gross Margin	Dec 31, 25	48.49%	+5.7%	+23.2%	+24.7%	+30.2%
Annual Net Margin	Dec 31, 25	24.30%	+8.4%	+71.0%	+119.9%	+226.6%

Operating Margin Highs

NFLX Annual Operating Margin Highs Comparison
Period	High	Date	Current
3Y	29.49%	Dec 31, 25	at high
5Y	29.49%	Dec 31, 25	at high
All	29.49%	Dec 31, 25	at high

Operating Margin Lows

NFLX Annual Operating Margin Lows Comparison
Period	Low	Date	Current
3Y	17.82%	N/A	+65.5%
5Y	17.82%	Dec 31, 22	+65.5%
All	-832.94%	Dec 1, 98	+103.5%

Operating Margin History

Year	Value	Change
2025	29.49%	+11.4%
2024	26.47%	+28.4%
2023	20.62%	+15.7%
2022	17.82%	-14.6%
2021	20.86%	+13.7%
2020	18.34%	+42.0%
2019	12.92%	+27.2%
2018	10.16%	+41.7%
2017	7.17%	+66.7%
2016	4.30%	-4.7%
2015	4.51%	-38.3%
2014	7.31%	+40.0%
2013	5.22%	+275.5%
2012	1.39%	-88.4%

Year	Value	Change
2011	12.02%	-6.3%
2010	12.83%	+14.3%
2009	11.22%	+32.9%
2008	8.44%	+32.1%
2007	6.39%	+6.9%
2006	5.98%	+349.6%
2005	1.33%	-65.2%
2004	3.82%	+132.9%
2003	1.64%	+121.5%
2002	-7.64%	+84.1%
2001	-48.16%	+70.0%
2000	-160.35%	+73.3%
1999	-599.90%	+28.0%
1998	-832.94%	-

FAQ

What is the current annual operating margin of NFLX?: As of today, NFLX annual operating margin is 29.49%
What is 1-year change in NFLX annual operating margin?: NFLX annual operating margin is up +11.41% year-over-year
What is 3-year change in NFLX annual operating margin?: NFLX annual operating margin is up +65.49% over the past 3 years
How far is NFLX annual operating margin from its all-time high?: NFLX annual operating margin is currently at its all-time high
How does NFLX annual operating margin rank versus sector peers?: NFLX annual operating margin is higher than 93.96% 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

Operating Margin Formula

Operating Profit Margin = Operating Income

Revenue × 100%

Quarterly Operating Margin

34.65%1.01%+3.00%

September 30, 2026

Summary

Current Value: As of today, NFLX quarterly operating margin is 34.65%, up +3.00% on September 30, 2026
Historical Performance: NFLX quarterly operating margin is up +19.48% year-over-year, up +54.41% over the past 3 years
All-Time High Comparison: NFLX quarterly operating margin is currently at its all-time high
3-Year Low Comparison: NFLX quarterly operating margin is +104.55% above its 3-year low of 16.94% reached on December 31, 2023
Sector Comparison: NFLX quarterly operating margin is higher than 96.48% of companies in Communication Services sector

Performance

NFLX Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Operating Margin	Sep 30, 26	34.65%	+3.0%	+19.5%	+54.4%	+47.7%
Annual Operating Margin	Dec 31, 25	29.49%	–	+11.4%	+65.5%	+60.8%
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 Operating Profit	Sep 30, 26	$4.46B	+5.2%	+32.1%	+132.8%	+154.2%
Quarterly Gross Margin	Sep 30, 26	52.80%	+1.3%	+12.3%	+24.9%	+20.6%
Quarterly Net Margin	Sep 30, 26	28.46%	+5.5%	+30.1%	+44.9%	+47.0%

Quarterly Operating Margin Highs

NFLX Quarterly Operating Margin Highs Comparison
Period	High	Date	Current
1Y	34.65%	Sep 30, 26	at high
3Y	34.65%	Sep 30, 26	at high
5Y	34.65%	Sep 30, 26	at high
All	34.65%	Sep 30, 26	at high

Quarterly Operating Margin Lows

NFLX Quarterly Operating Margin Lows Comparison
Period	Low	Date	Current
1Y	25.10%	Dec 31, 25	+38.0%
3Y	16.94%	Dec 31, 23	+104.5%
5Y	7.00%	Dec 31, 22	+395.0%
All	-13.28%	Mar 31, 02	+360.9%

Quarterly Operating Margin History

Month	Value	Change
Sep 2026	34.65%	+3.0%
Jun 2026	33.64%	+1.9%
Mar 2026	33.02%	+31.6%
Dec 2025	25.10%	-13.4%
Sep 2025	29.00%	-15.4%
Jun 2025	34.29%	+11.7%
Mar 2025	30.69%	+41.0%
Dec 2024	21.76%	-25.6%
Sep 2024	29.26%	+8.5%
Jun 2024	26.97%	-4.3%
Mar 2024	28.18%	+66.4%
Dec 2023	16.94%	-24.5%
Sep 2023	22.44%	+0.5%
Jun 2023	22.32%	+6.3%
Mar 2023	21.00%	+200.0%
Dec 2022	7.00%	-63.8%
Sep 2022	19.34%	-2.3%
Jun 2022	19.80%	-21.0%
Mar 2022	25.06%	+206.0%
Dec 2021	8.19%	-65.1%
Sep 2021	23.46%	-6.8%
Jun 2021	25.17%	-8.0%
Mar 2021	27.36%	+90.5%
Dec 2020	14.36%	-29.7%
Sep 2020	20.43%	-7.5%
Jun 2020	22.09%	+33.0%
Mar 2020	16.61%	+98.0%
Dec 2019	8.39%	-55.1%
Sep 2019	18.69%	+30.2%
Jun 2019	14.35%	+41.4%
Mar 2019	10.15%	+97.1%
Dec 2018	5.15%	-57.2%
Sep 2018	12.02%	+1.6%
Jun 2018	11.83%	-2.0%
Mar 2018	12.07%	+61.6%
Dec 2017	7.47%	+6.9%
Sep 2017	6.99%	+52.3%
Jun 2017	4.59%	-52.9%
Mar 2017	9.75%	+57.0%
Dec 2016	6.21%	+34.1%
Sep 2016	4.63%	+38.6%
Jun 2016	3.34%	+32.0%
Mar 2016	2.53%	-22.9%
Dec 2015	3.28%	-22.6%
Sep 2015	4.24%	-6.8%
Jun 2015	4.55%	-26.6%
Mar 2015	6.20%	+41.6%
Dec 2014	4.38%	-44.1%
Sep 2014	7.83%	-19.0%
Jun 2014	9.67%	+25.9%

Month	Value	Change
Mar 2014	7.68%	+9.7%
Dec 2013	7.00%	+35.7%
Sep 2013	5.16%	-3.4%
Jun 2013	5.34%	+71.7%
Mar 2013	3.11%	+49.5%
Dec 2012	2.08%	+16.9%
Sep 2012	1.78%	-2.2%
Jun 2012	1.82%	+927.3%
Mar 2012	-0.22%	-102.7%
Dec 2011	8.09%	-31.3%
Sep 2011	11.78%	-19.3%
Jun 2011	14.60%	+2.6%
Mar 2011	14.23%	+9.8%
Dec 2010	12.96%	+5.0%
Sep 2010	12.34%	-14.9%
Jun 2010	14.50%	+26.3%
Mar 2010	11.48%	-1.1%
Dec 2009	11.61%	+2.9%
Sep 2009	11.28%	-12.5%
Jun 2009	12.89%	+43.5%
Mar 2009	8.98%	-11.1%
Dec 2008	10.10%	+6.2%
Sep 2008	9.51%	+0.5%
Jun 2008	9.46%	+118.5%
Mar 2008	4.33%	-28.9%
Dec 2007	6.09%	-7.0%
Sep 2007	6.55%	-31.4%
Jun 2007	9.55%	+182.5%
Mar 2007	3.38%	-46.1%
Dec 2006	6.27%	+0.8%
Sep 2006	6.22%	-35.1%
Jun 2006	9.58%	+534.4%
Mar 2006	1.51%	-50.0%
Dec 2005	3.02%	-39.5%
Sep 2005	4.99%	+89.0%
Jun 2005	2.64%	+141.1%
Mar 2005	-6.42%	-335.2%
Dec 2004	2.73%	-79.0%
Sep 2004	12.99%	+495.9%
Jun 2004	2.18%	+134.4%
Mar 2004	-6.33%	-434.9%
Dec 2003	1.89%	-52.3%
Sep 2003	3.96%	-12.2%
Jun 2003	4.51%	+151.1%
Mar 2003	-8.82%	-42.3%
Dec 2002	-6.20%	-10.9%
Sep 2002	-5.59%	+20.0%
Jun 2002	-6.99%	+47.4%
Mar 2002	-13.28%	-

FAQ

What is the current quarterly operating margin of NFLX?: As of today, NFLX quarterly operating margin is 34.65%
What is NFLX quarterly operating margin most recent change?: NFLX quarterly operating margin was up +3.00% on September 30, 2026
What is 1-year change in NFLX quarterly operating margin?: NFLX quarterly operating margin is up +19.48% year-over-year
How far is NFLX quarterly operating margin from its all-time high?: NFLX quarterly operating margin is currently at its all-time high
How does NFLX quarterly operating margin rank versus sector peers?: NFLX quarterly operating margin is higher than 96.48% of companies in Communication Services sector
When is NFLX next earnings release?: The next earnings release for NFLX is on January 19, 2027

Operating Margin Formula

Operating Profit Margin = Operating Income

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