TTM
49.0%
YoY change
+2.43pp
Trough year (2012)
27.2%
Peak year (2002)
48.9%
Latest annual
48.5%
Gross Margin history chart for Netflix (NFLX) from 2000 to 2025
Latest: 48.5%
Gross Margin change chart for Netflix (NFLX) from 2000 to 2025
Latest: +2.43pp
Gross Margin history table for Netflix (NFLX) from 2000 to 2025
| 2025 | 48.5% | +2.43pp | ||
| 2024 | 46.1% | +4.52pp | ||
| 2023 | 41.5% | +2.17pp | ||
| 2022 | 39.4% | -2.27pp | ||
| 2021 | 41.6% | +2.75pp | ||
| 2020 | 38.9% | +0.60pp | ||
| 2019 | 38.3% | +1.39pp | ||
| 2018 | 36.9% | +2.40pp | ||
| 2017 | 34.5% | +2.78pp | ||
| 2016 | 31.7% | -0.56pp | ||
| 2015 | 32.3% | +0.45pp | ||
| 2014 | 31.8% | +2.31pp | ||
| 2013 | 29.5% | +2.27pp | ||
| 2012 | 27.2% | -9.10pp | ||
| 2011 | 36.3% | -0.89pp | ||
| 2010 | 37.2% | +1.85pp | ||
| 2009 | 35.4% | +2.08pp | ||
| 2008 | 33.3% | -1.48pp | ||
| 2007 | 34.8% | -2.32pp | ||
| 2006 | 37.1% | +5.19pp | ||
| 2005 | 31.9% | -13.48pp | ||
| 2004 | 45.4% | -0.12pp | ||
| 2003 | 45.5% | -3.36pp | ||
| 2002 | 48.9% | +14.61pp | ||
| 2001 | 34.3% | +3.52pp | ||
| 2000 | 30.7% | — |
- 202548.5%+2.43pp
- 202446.1%+4.52pp
- 202341.5%+2.17pp
- 202239.4%-2.27pp
- 202141.6%+2.75pp
- 202038.9%+0.60pp
- 201938.3%+1.39pp
- 201836.9%+2.40pp
- 201734.5%+2.78pp
- 201631.7%-0.56pp
- 201532.3%+0.45pp
- 201431.8%+2.31pp
- 201329.5%+2.27pp
- 201227.2%-9.10pp
- 201136.3%-0.89pp
- 201037.2%+1.85pp
- 200935.4%+2.08pp
- 200833.3%-1.48pp
- 200734.8%-2.32pp
- 200637.1%+5.19pp
- 200531.9%-13.48pp
- 200445.4%-0.12pp
- 200345.5%-3.36pp
- 200248.9%+14.61pp
- 200134.3%+3.52pp
- 200030.7%—
Gross Margin values are taken from Netflix's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Netflix (NFLX)
According to Netflix's latest reported financial statements, the company's latest reported gross margin is 49.0%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Netflix (NFLX) reported gross margin of 48.49% – expanded 2.4 percentage points year-over-year.
The highest annual gross margin of 48.87% was reported in 2002. The lowest in the available history was 27.25% in 2012.
Netflix Gross Margin by Year
Netflix Gross Margin 2025: 48.5%
Netflix posted gross margin of 48.49% in 2025, expanded 2.4 percentage points from 2024.
Netflix Gross Margin 2024: 46.1%
In 2024, Netflix reported gross margin of 46.06%, expanded 4.5 percentage points from 2023.
Netflix Gross Margin 2023: 41.5%
Netflix gross margin in 2023 was 41.54%, expanded 2.2 percentage points from 2022.
Netflix Gross Margin 2022: 39.4%
2022's gross margin for Netflix came in at 39.37%, contracted 2.3 percentage points from 2021.
Netflix Gross Margin 2021: 41.6%
Netflix gross margin in 2021 was 41.64%.
See more financial history for Netflix (NFLX).
Sector peers by Gross Margin
Communication Services peers of Netflix (NFLX), ranked by their latest gross margin
| 81.9% | |
| 79.7% | |
| 70.1% | |
| 60.4% | |
| 58.9% | |
| 54.3% | |
| 37.2% | |
| 32.3% |
- 81.9%
- 79.7%
- 70.1%
- 60.4%
- 58.9%
- 54.3%
- 37.2%
- 32.3%
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