Netflix, Inc. (NFLX) Gross Margin: 48.49%
Is Netflix, Inc.’s gross margin high or low?
Netflix, Inc.'s gross margin of 48.49% is 14% above its 5-year average of 42.66%, near the high end of its 5-year range (38.89%–48.49%).
The gross margin for Netflix, Inc. (NFLX) is 48.49% as of Tuesday, June 9, 2026. It is above its 12-month average by 2.57% (47.28%).
NFLX Gross Margin Chart
NFLX Average Gross Margin Chart
NFLX Current vs Average Gross Margin Chart
NFLX Gross Margin Metrics
GROSS MARGIN
48.49%
GROSS MARGIN AVG TTM
47.28%
GROSS MARGIN AVG 3Y
43.87%
GROSS MARGIN AVG 5Y
42.66%
GROSS MARGIN AVG 10Y
39.06%
GROSS MARGIN AVG 15Y
36.99%
GROSS MARGIN AVG 20Y
36.39%
CURRENT VS TTM AVG
+2.57%
CURRENT VS 3Y AVG
+10.54%
CURRENT VS 5Y AVG
+13.65%
CURRENT VS 10Y AVG
+24.15%
CURRENT VS 15Y AVG
+31.09%
CURRENT VS 20Y AVG
+33.24%
NFLX Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | — | 48.49% | 47.28% | 43.87% | 42.66% |
| T-Mobile US, Inc. (TMUS) | $194.21B | 47.64% | 55.61% | 56.82% | 56.71% |
| Verizon Communications Inc. (VZ) | $191.16B | 45.64% | 46.12% | 45.60% | 45.87% |
| The Walt Disney Company (DIS) | $172.49B | 37.76% | 36.75% | 35.29% | 34.52% |
| AT&T Inc. (T) | $157.80B | 79.77% | 61.35% | 56.08% | 52.69% |
| Spotify Technology S.A. (SPOT) | $102.03B | 31.98% | 31.06% | 28.18% | 27.51% |
| Comcast Corporation (CMCSA) | $85.20B | 71.75% | 70.91% | 70.03% | 69.18% |
| Electronic Arts Inc. (EA) | $50.77B | 78.97% | 79.14% | 77.89% | 76.40% |
| Twitter, Inc. (delisted) (TWTR) | $41.09B | 64.60% | 63.91% | 65.81% | 65.19% |
| Reddit, Inc. (RDDT) | $34.32B | 91.18% | 90.84% | 88.03% | 85.52% |
Gross Margin Analysis
Gross Margin
48.5%
(Revenue - COGS) / Revenue
Netflix, Inc. Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Netflix, Inc. Gross Margin FAQ
- What is the gross margin for Netflix, Inc. (NFLX)?
- The gross margin for NFLX stock is 48.49%.
- Is Netflix, Inc.'s gross margin high or low?
- Netflix, Inc.'s gross margin of 48.49% is 14% above its 5-year average of 42.66%, near the high end of its 5-year range (38.89%–48.49%).
- What is the TTM average gross margin for Netflix, Inc. (NFLX)?
- The TTM average gross margin for NFLX stock is 47.28%.
- What is the 3Y average gross margin for Netflix, Inc. (NFLX)?
- The 3Y average gross margin for NFLX stock is 43.87%.
- What is the 5Y average gross margin for Netflix, Inc. (NFLX)?
- The 5Y average gross margin for NFLX stock is 42.66%.
- What is the 10Y average gross margin for Netflix, Inc. (NFLX)?
- The 10Y average gross margin for NFLX stock is 39.06%.
- What is the 15Y average gross margin for Netflix, Inc. (NFLX)?
- The 15Y average gross margin for NFLX stock is 36.99%.
- What is the 20Y average gross margin for Netflix, Inc. (NFLX)?
- The 20Y average gross margin for NFLX stock is 36.39%.
Netflix, Inc. Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 48.49% |
| 2024-12-31 | 46.06% |
| 2023-12-31 | 41.54% |
| 2022-12-31 | 39.37% |
| 2021-12-31 | 41.64% |
| 2020-12-31 | 38.89% |
| 2019-12-31 | 38.28% |
| 2018-12-31 | 36.89% |
| 2017-12-31 | 34.49% |
| 2016-12-31 | 31.72% |
| 2015-12-31 | 32.27% |
| 2014-12-31 | 31.83% |
| 2013-12-31 | 29.52% |
| 2012-12-31 | 27.25% |
| 2011-12-31 | 36.34% |
| 2010-12-31 | 37.24% |
| 2009-12-31 | 35.38% |
| 2008-12-31 | 33.30% |
| 2007-12-31 | 34.78% |
| 2006-12-31 | 37.09% |
| 2005-12-31 | 31.91% |
| 2004-12-31 | 45.39% |
| 2003-12-31 | 45.50% |
| 2002-12-31 | 48.87% |
| 2001-12-31 | 34.26% |
| 2000-12-31 | 30.74% |
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