Netflix, Inc. (NFLX) EBITDA Margin: 66.96%
Is Netflix, Inc.’s EBITDA margin high or low?
Netflix, Inc.'s EBITDA margin of 66.96% is in line with its 5-year average of 64.78%, near the high end of its 5-year range (62.04%–67.47%).
The EBITDA margin for Netflix, Inc. (NFLX) is 66.96% as of Wednesday, June 10, 2026. It is below its 12-month average by 0.38% (67.22%).
NFLX EBITDA Margin Chart
NFLX Average EBITDA Margin Chart
NFLX Current vs Average EBITDA Margin Chart
NFLX EBITDA Margin Metrics
EBITDA MARGIN
66.96%
EBITDA MARGIN AVG TTM
67.22%
EBITDA MARGIN AVG 3Y
65.63%
EBITDA MARGIN AVG 5Y
64.78%
EBITDA MARGIN AVG 10Y
62.27%
EBITDA MARGIN AVG 15Y
57.14%
EBITDA MARGIN AVG 20Y
48.60%
CURRENT VS TTM AVG
-0.38%
CURRENT VS 3Y AVG
+2.03%
CURRENT VS 5Y AVG
+3.36%
CURRENT VS 10Y AVG
+7.54%
CURRENT VS 15Y AVG
+17.19%
CURRENT VS 20Y AVG
+37.78%
NFLX Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | $345.29B | 66.96% | 67.22% | 65.63% | 64.78% |
| T-Mobile US, Inc. (TMUS) | $200.66B | 36.52% | 37.33% | 33.64% | 32.19% |
| Verizon Communications Inc. (VZ) | $195.94B | 34.53% | 34.89% | 33.88% | 34.56% |
| The Walt Disney Company (DIS) | $171.20B | 20.27% | 18.14% | 16.10% | 14.28% |
| AT&T Inc. (T) | $161.17B | 43.53% | 39.76% | 33.50% | 32.27% |
| Tencent Holdings Limited (TCEHY) | $535.26B | 41.31% | 38.08% | 32.65% | 39.33% |
| Spotify Technology S.A. (SPOT) | $103.45B | 13.71% | 11.64% | 4.90% | 2.83% |
| Comcast Corporation (CMCSA) | $85.63B | 37.50% | 33.95% | 30.53% | 30.79% |
| Electronic Arts Inc. (EA) | $50.95B | 16.31% | 21.68% | 24.09% | 23.61% |
| Reddit, Inc. (RDDT) | $33.69B | 20.79% | -10.56% | -15.37% | -18.68% |
Margin Comparison
Gross Margin
49.0%
EBITDA Margin
67.0%
Operating Margin
29.7%
Net Margin
28.5%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Netflix, Inc. EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Netflix, Inc. EBITDA Margin FAQ
- What is the EBITDA margin for Netflix, Inc. (NFLX)?
- The EBITDA margin for NFLX stock is 66.96%.
- Is Netflix, Inc.'s EBITDA margin high or low?
- Netflix, Inc.'s EBITDA margin of 66.96% is in line with its 5-year average of 64.78%, near the high end of its 5-year range (62.04%–67.47%).
- What is the TTM average EBITDA margin for Netflix, Inc. (NFLX)?
- The TTM average EBITDA margin for NFLX stock is 67.22%.
- What is the 3Y average EBITDA margin for Netflix, Inc. (NFLX)?
- The 3Y average EBITDA margin for NFLX stock is 65.63%.
- What is the 5Y average EBITDA margin for Netflix, Inc. (NFLX)?
- The 5Y average EBITDA margin for NFLX stock is 64.78%.
- What is the 10Y average EBITDA margin for Netflix, Inc. (NFLX)?
- The 10Y average EBITDA margin for NFLX stock is 62.27%.
- What is the 15Y average EBITDA margin for Netflix, Inc. (NFLX)?
- The 15Y average EBITDA margin for NFLX stock is 57.14%.
- What is the 20Y average EBITDA margin for Netflix, Inc. (NFLX)?
- The 20Y average EBITDA margin for NFLX stock is 48.60%.
Netflix, Inc. EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 66.96% |
| 2024-12-31 | 67.47% |
| 2023-12-31 | 63.78% |
| 2022-12-31 | 64.31% |
| 2021-12-31 | 64.13% |
| 2020-12-31 | 62.04% |
| 2019-12-31 | 59.57% |
| 2018-12-31 | 58.64% |
| 2017-12-31 | 60.79% |
| 2016-12-31 | 60.42% |
| 2015-12-31 | 56.83% |
| 2014-12-31 | 57.85% |
| 2013-12-31 | 55.89% |
| 2012-12-31 | 48.56% |
| 2011-12-31 | 38.04% |
| 2010-12-31 | 28.95% |
| 2009-12-31 | 14.17% |
| 2008-12-31 | 27.57% |
| 2007-12-31 | 26.23% |
| 2006-12-31 | 22.23% |
| 2005-12-31 | 16.12% |
| 2004-12-31 | 21.25% |
| 2003-12-31 | 20.37% |
| 2002-12-31 | 10.34% |
| 2001-12-31 | -9.65% |
| 2000-12-31 | -162.89% |
Related Metrics
About Netflix, Inc.
Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.
- Sector
- Communication Services
- Industry
- Entertainment
- CEO
- Theodore A. Sarandos