Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 33.38% is 40% above its 5-year average of 23.91%, near the high end of its 5-year range (7.00%–34.07%).
As of the fiscal period ended Tuesday, June 30, 2026. 9.44% above its 12-month average of 30.50%.
Reported quarterly operating margin; no daily interpolation.
OPERATING MARGIN
33.38%
OPERATING MARGIN AVG TTM
30.50%
OPERATING MARGIN AVG 3Y
27.16%
OPERATING MARGIN AVG 5Y
25.63%
OPERATING MARGIN AVG 10Y
18.01%
OPERATING MARGIN AVG 15Y
13.91%
OPERATING MARGIN AVG 20Y
12.96%
CURRENT VS TTM AVG
+9.44%
CURRENT VS 3Y AVG
+22.91%
CURRENT VS 5Y AVG
+30.26%
CURRENT VS 10Y AVG
+85.31%
CURRENT VS 15Y AVG
+140.00%
CURRENT VS 20Y AVG
+157.59%
SECTOR MEDIAN · COMMUNICATION SERVICES
14.48%
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+130.53%
vs the sector median at left
Netflix, Inc.
Market Cap
$298.60B
Operating Margin
33.38%
TTM Avg
30.50%
3Y Avg
27.16%
5Y Avg
25.63%
Market Cap
$195.46B
Operating Margin
21.22%
TTM Avg
21.94%
3Y Avg
21.92%
5Y Avg
22.48%
Market Cap
$185.26B
Operating Margin
20.30%
TTM Avg
21.68%
3Y Avg
17.44%
5Y Avg
14.67%
Market Cap
$167.08B
Operating Margin
14.30%
TTM Avg
13.84%
3Y Avg
11.49%
5Y Avg
9.54%
Market Cap
$102.80B
Operating Margin
13.70%
TTM Avg
10.75%
3Y Avg
3.13%
5Y Avg
1.63%
Market Cap
$85.03B
Operating Margin
14.66%
TTM Avg
17.77%
3Y Avg
18.34%
5Y Avg
18.02%
Market Cap
$65.94B
Operating Margin
4.06%
TTM Avg
-11.00%
3Y Avg
-11.88%
5Y Avg
-1.25%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | $298.60B | 33.38% | 30.50% | 27.16% | 25.63% |
| Verizon Communications Inc. (VZ)vs › | $195.46B | 21.22% | 21.94% | 21.92% | 22.48% |
| T-Mobile US, Inc. (TMUS)vs › | $185.26B | 20.30% | 21.68% | 17.44% | 14.67% |
| The Walt Disney Company (DIS)vs › | $167.08B | 14.30% | 13.84% | 11.49% | 9.54% |
| AT&T Inc. (T)vs › | $159.44B | 20.38% | 19.86% | 14.04% | 15.07% |
| Spotify Technology S.A. (SPOT)vs › | $102.80B | 13.70% | 10.75% | 3.13% | 1.63% |
| DoorDash, Inc. (DASH)vs › | $85.47B | 4.88% | 2.46% | -4.72% | -7.20% |
| Comcast Corporation (CMCSA)vs › | $85.03B | 14.66% | 17.77% | 18.34% | 18.02% |
| Warner Bros. Discovery, Inc. (WBD)vs › | $65.94B | 4.06% | -11.00% | -11.88% | -1.25% |
| Tencent Holdings Limited (TCEHY)vs › | $553.57B | 32.33% | 32.04% | 27.59% | 32.84% |
Gross Margin
49.1%
Operating Margin
33.4%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 33.38% |
| 2026-03-31 | 32.30% |
| 2025-12-31 | 24.54% |
| 2025-09-30 | 28.22% |
| 2025-06-30 | 34.07% |
| 2025-03-31 | 31.75% |
| 2024-12-31 | 22.18% |
| 2024-09-30 | 29.61% |
| 2024-06-30 | 27.23% |
| 2024-03-31 | 28.09% |
| 2023-12-31 | 16.94% |
| 2023-09-30 | 22.44% |
| 2023-06-30 | 22.32% |
| 2023-03-31 | 21.00% |
| 2022-12-31 | 7.00% |
| 2022-09-30 | 19.34% |
| 2022-06-30 | 19.80% |
| 2022-03-31 | 25.06% |
| 2021-12-31 | 8.19% |
| 2021-09-30 | 23.46% |
| 2021-06-30 | 25.17% |
| 2021-03-31 | 27.36% |
| 2020-12-31 | 14.36% |
| 2020-09-30 | 20.43% |
| 2020-06-30 | 22.09% |
| 2020-03-31 | 16.61% |
| 2019-12-31 | 8.39% |
| 2019-09-30 | 18.69% |
| 2019-06-30 | 14.35% |
| 2019-03-31 | 10.15% |
| 2018-12-31 | 5.15% |
| 2018-09-30 | 12.02% |
| 2018-06-30 | 11.83% |
| 2018-03-31 | 12.07% |
| 2017-12-31 | 7.47% |
| 2017-09-30 | 6.99% |
| 2017-06-30 | 4.59% |
| 2017-03-31 | 9.75% |
| 2016-12-31 | 6.21% |
| 2016-09-30 | 4.63% |
| 2016-06-30 | 3.34% |
| 2016-03-31 | 2.53% |
| 2015-12-31 | 3.28% |
| 2015-09-30 | 4.24% |
| 2015-06-30 | 4.55% |
| 2015-03-31 | 6.20% |
| 2014-12-31 | 4.38% |
| 2014-09-30 | 7.83% |
| 2014-06-30 | 9.67% |
| 2014-03-31 | 7.68% |
| 2013-12-31 | 7.00% |
| 2013-09-30 | 5.16% |
| 2013-06-30 | 5.34% |
| 2013-03-31 | 3.11% |
| 2012-12-31 | 2.08% |
| 2012-09-30 | 1.78% |
| 2012-06-30 | 1.82% |
| 2012-03-31 | -0.22% |
| 2011-12-31 | 7.07% |
| 2011-09-30 | 11.78% |
| 2011-06-30 | 14.60% |
| 2011-03-31 | 14.23% |
| 2010-12-31 | 13.16% |
| 2010-09-30 | 12.56% |
| 2010-06-30 | 14.88% |
| 2010-03-31 | 11.82% |
| 2009-12-31 | 12.00% |
| 2009-09-30 | 11.66% |
| 2009-06-30 | 12.92% |
| 2009-03-31 | 9.25% |
| 2008-12-31 | 10.55% |
| 2008-09-30 | 9.98% |
| 2008-06-30 | 10.13% |
| 2008-03-31 | 4.58% |
| 2007-12-31 | 6.65% |
| 2007-09-30 | 7.33% |
| 2007-06-30 | 12.60% |
| 2007-03-31 | 3.67% |
| 2006-12-31 | 6.74% |
| 2006-09-30 | 6.66% |
| 2006-06-30 | 9.81% |
| 2006-03-31 | 2.13% |
| 2005-12-31 | 1.48% |
| 2005-09-30 | 3.17% |
| 2005-06-30 | 2.71% |
| 2005-03-31 | -6.35% |
| 2004-12-31 | 3.26% |
| 2004-09-30 | 12.99% |
| 2004-06-30 | 2.18% |
| 2004-03-31 | -6.33% |
| 2003-12-31 | 1.89% |
| 2003-09-30 | 3.96% |
| 2003-06-30 | 4.51% |
| 2003-03-31 | -8.82% |
| 2002-12-31 | -6.20% |
| 2002-09-30 | -5.59% |
