SuperworthNetflix NFLX
- Market cap
- $274.2B
- PE
- 19.0×
- 10y median 59.0×
- Forward PE
- 18.3×
- 10y median 48.6×
- Price to sales
- 5.5×
- EV/EBIT
- 18.1×
- Revenue, 12 months
- $49.7B
- +15% on a year ago
- Net margin
- 29.7%
- Free cash flow yield
- n/m
- Q3 FY26 missing
Netflix trades at 19.0× trailing earnings, cheaper than 98% of the last ten years. Revenue was $49.7B over the last twelve months, up 15% on a year earlier with a 30% net margin.
Charts
Financials
| Income statement | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $8.8B+13% | $9.4B+15% | $9.6B+17% | $9.8B+15% | $10.2B+16% | $10.5B+13% | $11.1B+16% | $11.5B+17% | $12.1B+18% | $12.2B+16% | $12.6B+13% | $12.9B+12% | |
| Cost of revenue | $5.3B−2% | $5B+4% | $5.2B+11% | $5.1B+4% | $5.8B+9% | $5.3B+6% | $5.3B+3% | $6.2B+20% | $6.5B+13% | $5.9B+12% | $6B+13% | $6.1B−1% |
| Gross profit | $3.5B+44% | $4.4B+31% | $4.4B+25% | $4.7B+30% | $4.5B+27% | $5.3B+20% | $5.8B+31% | $5.3B+14% | $5.5B+23% | $6.4B+21% | $6.5B+13% | n/a |
| R&D | $673.3M−0% | $702.5M+2% | $711.3M+8% | $735.1M+12% | $776.5M+15% | $822.8M+17% | $824.7M+16% | $853.6M+16% | $890.3M+15% | $959.7M+17% | $1B+22% | $1B+21% |
| SG&A | $1.4B+11% | $1.1B+11% | $1.1B+4% | $1.1B+2% | $1.4B+6% | $1.1B+5% | $1.2B+8% | $1.2B+17% | $1.7B+18% | $1.4B+30% | $1.3B+15% | n/a |
| $1.5B+172% | $2.6B+54% | $2.6B+43% | $2.9B+52% | $2.3B+52% | $3.3B+27% | $3.8B+45% | $3.2B+12% | $3B+30% | $4B+18% | $4.2B+11% | $4.5B+37% | |
| Interest expense | $175.2M+3% | $173.3M−1% | $168M−4% | $184.8M+5% | $192.6M+10% | $184.2M+6% | $182.6M+9% | $175.3M−5% | $234.4M+22% | $262.1M+42% | $175.7M−4% | n/a |
| Pre-tax income | $1.1B+2819% | $2.6B+78% | $2.5B+50% | $2.7B+42% | $2.1B+86% | $3.2B+23% | $3.6B+45% | $3.1B+15% | $2.8B+30% | $6.5B+104% | $4.1B+12% | $4.3B+39% |
| $210.3M | $282.4M+72% | $366.6M+91% | $339.4M+47% | $265.7M+26% | $323.4M+15% | $506.3M+38% | $562.5M+66% | $349.2M+32% | $1.3B+291% | $667.2M+32% | $653M+16% | |
| Net income | $937.8M+1596% | $2.3B+79% | $2.1B+44% | $2.4B+41% | $1.9B+99% | $2.9B+24% | $3.1B+46% | $2.5B+8% | $2.4B+29% | $5.3B+83% | $3.4B+9% | $3.7B+44% |
| $0.21+1658% | $0.53+83% | $0.49+48% | $0.54+45% | $0.43+102% | $0.66+25% | $0.72+48% | $0.59+9% | $0.56+31% | $1.23+86% | $0.80+11% | $0.87+48% | |
| 4.4B−2% | 4.4B−2% | 4.4B−3% | 4.4B−3% | 4.4B−2% | 4.4B−1% | 4.3B−1% | 4.3B−1% | 4.3B−1% | 4.3B−2% | 4.3B−2% | 4.2B−3% |
Gross profit: 55 periods, Q4 FY12 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: 5 periods, Q4 FY09 to Q4 FY24: printed in the fourth-quarter results release.
EPS, diluted: 3 periods, Q4 FY08 to Q4 FY25: quarter's net income to common over its shares, to the cent. 6 periods, Q4 FY09 to Q4 FY24: printed in the fourth-quarter results release.
Diluted shares: 11 periods, Q4 FY08 to Q4 FY20: share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY09 to Q4 FY24: printed in the fourth-quarter results release. Q4 FY25: share-days: the 12-month average over 365 days less the 9-month over 273, the two on one basis (x10).
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q4 FY26 | $13.5B | $13.3B to $13.5B | $0.68 | $0.65 to $0.73 | 21 |
| Q1 FY27 | $13.6B | $13.3B to $13.8B | $0.92 | $0.86 to $0.96 | 14 |
| Q2 FY27 | $13.9B | $13.7B to $14B | $0.97 | $0.95 to $0.98 | 6 |
| Q3 FY27 | $14.2B | $14.1B to $14.4B | $1.02 | $1.00 to $1.03 | 6 |
| Q4 FY27 | $14.9B | $14.7B to $15.1B | $0.86 | $0.84 to $0.87 | 12 |
| Q1 FY28 | $15B | $14.8B to $15.2B | $1.12 | $1.10 to $1.13 | 13 |
| Q2 FY28 | $15.3B | $15.1B to $15.4B | $1.16 | $1.14 to $1.17 | 7 |
| Q3 FY28 | $15.6B | $15.4B to $15.8B | $1.21 | $1.19 to $1.23 | 11 |
Peers
Companies in Entertainment nearest Netflix's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| NFLXNetflix | $274.2B | 19.0× | 59.0× | 18.3× | 5.5× | +15% | 29.7% |
| DISWalt Disney | $194.3B | 23.2× | 21.6× | 14.9× | 2.0× | +5% | 8.7% |
| LYVLive Nation Entertainment | $40.9B | n/m | 92.2× | 149× | 1.6× | +11% | 0.5% |
| TKOTKO | $32.8B | 60.7× | 81.4× | n/m | 6.2× | +5% | 4.3% |
| FOXAFox | $27.9B | 17.3× | 13.7× | 11.2× | 1.6× | +5% | 9.8% |
| Peer median | $36.8B | 23.2× | 51.5× | 14.9× | 1.8× | +5% | 6.5% |
Investors who own it
Investors we follow who held Netflix at the end of Jun 30, 2026, from their 13F filings.
- Bill AckmanPershing Square4.8% of portfolionew
- Tom RussoGardner Russo & Quinn4.6% of portfolioadded
- Terry SmithFundsmith3.7% of portfolionew
- Baillie GiffordBaillie Gifford1.0% of portfoliotrimmed
- Bill NygrenHarris Associates (Oakmark)1.0% of portfolioadded
- Philippe LaffontCoatue Management0.7% of portfoliotrimmed
- Cathie WoodARK Investment Management0.1% of portfolioadded
- Polen CapitalPolen Capital0.0% of portfoliotrimmed
- Chris BloomstranSemper Augustus0.0% of portfolio
- Tom GaynerMarkel Group0.0% of portfolionew
- Ruane, Cunniff & GoldfarbRuane, Cunniff & Goldfarb (Sequoia Fund)0.0% of portfolio
More on Netflix
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 51Entertainment stocks with the highest profit margins
- #7of 102Communication services stocks with the highest profit margins
- #5of 32Communication services stocks cheapest against their own PE history
- #6of 19Entertainment stocks with the fastest earnings growth
- #10of 23Entertainment stocks with the lowest PE ratio
- #8of 15Communication services stocks with the lowest forward PE
- #9of 16Communication services stocks with the fastest expected revenue growth
Its groups
About
- Chief executive
- Ted Sarandos, since 2020Joined 2000, co-CEO with Greg Peters. Co-founder Reed Hastings left the board in June 2026. Source
- Industry
- Entertainment
- Sector
- Communication Services
Valuation data, not investment advice. Prices as of .