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Netflix NFLX EBITDA margin

EBITDA margin at other companies

Apple logo
AppleAAPL
35.4%+0.8pp
Electronic Arts logo
Electronic ArtsEA
19.7%-5.4pp
Amazon logo
AmazonAMZN
19.6%0.0pp
Charter Communications, Inc. logo
Charter Communications, Inc.CHTR
39.6%-0.1pp
Comcast logo
ComcastCMCSA
28.2%-2.7pp
EchoStar logo
EchoStarSATS
-107.9%-118pp

Other financials

Income statement

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Revenue$12.2B+16.2%
Gross profit$6.4B+20.5%
Operating income$4.0B+18.2%
Net income$5.3B+82.8%
EPS (diluted)$1.23+86.4%

Balance sheet

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Cash & equivalents$12.3B+70.3%
Total debt$16.7B-3.9%
Total equity$31.1B+29.5%
Total assets$61.0B+17.1%

Cash flow

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Operating cash flow$5.3B+89.7%
CapEx$196.1M+52.9%
Free cash flow$5.1B+91.4%

Valuation

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Market cap$325.83B+1.8%
Enterprise value$330.31B+0.3%
P/E24.4×-10.2×
P/S-1.0×

Profitability

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Gross margin49%+2.1pp
Operating margin29.7%+2.0pp
Net margin28.5%+5.4pp

Returns & leverage

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Return on equity48.5%+7.7pp
Debt / equity0.5×-0.2×
Current ratio1.4×+0.2×

Where this comes from

Calculated from Netflix’s reported figures.

Based on trailing twelve months.

The official record: Netflix’s 10-Q, filed April 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Netflix's EBITDA margin?
Netflix (NFLX) reported EBITDA margin of 30.5% in Q1 2026.
How has Netflix's EBITDA margin changed year-over-year?
Netflix's EBITDA margin increased by 6.9% year-over-year, from 28.5% to 30.5%.
What is the long-term trend for Netflix's EBITDA margin?
Over 4 years (2021 to 2025), Netflix's EBITDA margin has grown at a 7.5% compound annual growth rate (CAGR), from 89.1% to 118.9%.
What does EBITDA margin mean?
Operating cash profitability per sales dollar, before interest, taxes, and non-cash charges.
How do you interpret EBITDA margin?
Useful for comparing operating profitability across firms with different depreciation policies and leverage. High EBITDA margin alongside heavy capex can still mean weak free cash flow — pair it with FCF margin.
How does EBITDA margin compare across companies?
Widely used to compare capital-intensive businesses on a like-for-like basis. Less meaningful for banks and insurers.