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NetflixNFLX

Movies & Entertainment · Los Gatos, California · In the S&P 500
Solid business
$62.08+0.05%After hours: $62.08 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 43.6% over 1 year
Netflix over 1 yearDaily close, $, to 30 Oct 2026
$80$100Nov2026MarMayJulSep$62.08$80$100NovMarJul$62.08
Source: Nasdaq daily closes
Market value$255B
Price to earnings17.9x
Forward P/E18.3x
Dividend yield–
Year to date−33.8%
One year−43.6%
Next earningsNot scheduled
SectorCommunication Services
52-week range (closes)
$61.99$115.75

Quality and valuation

How Netflix compares with other communication services stocks. A description, not a recommendation.

Netflix and 4 movies & entertainment peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among communication services companies, priced about in line with them.

Netflix trades at 18.3 times the next 12 months of expected earnings, against a median of 14.8x for the 28 communication services stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +14.7% vs +10.8%
  • Keeps less of each sale (gross margin): 50.7% vs 60.9%
  • More profitable (operating margin): 31.3% vs 18.6%
  • Turns more of its sales into cash: 22.9% vs 9.0%
NFLX trades at 18.3x forward earnings, above the sector medianForward p/e, Movies & Entertainment peers
DIS14.7xNFLX18.3xTKO38.0xSPOT39.9xROKU47.7xLYV142.3xSector median 14.8xDIS14.7xNFLX18.3xTKO38.0xSPOT39.9xROKU47.7xLYV142.3xSector median 14.8x
Source: CNBC quotes; Mostly Markets
At 17.9x earnings, NFLX is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
40x60xAverage 41.1x2025202617.9x40x60xAverage 41.1x2025202617.9x
Source: Nasdaq prices; SEC filings

Financials

From Netflix's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 11.8% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.9bnQ3 ’26$0bn$5bn$10bnQ4 ’24Q2 ’25Q4 ’25$12.9bnQ3 ’26
Source: SEC filings
Growth slowed to +11.8% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2511.8%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2511.8%Q3 ’26
Source: SEC filings
Operating margin was 34.6% last quarterOperating income as a share of revenue, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’2534.6%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2534.6%Q3 ’26
Source: SEC filings
Free cash flow was $11.4 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$2.9bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$2.9bnQ3 ’26
Source: SEC filings
Last 12 monthsNFLXSector median
Revenue growth+14.7%+10.8%
Gross margin50.7%60.9%
Operating margin31.3%18.6%
Free cash flow margin22.9%9.0%
Price to earnings17.9x17.9x

Stories on Netflix

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Similar companies

Movies & Entertainment, by market value.

CompanyPriceTodayYTDValue
DISWalt Disney$110.94+0.03%−2.5%$192B
SPOTSpotify$593.44+6.50%+2.2%$122B
LYVLive Nation Entertainment$177.89+0.03%+24.8%$41.44B
TKOTKO Group Holdings$180.68+1.07%−13.6%$34.20B
ROKURoku$155.12−0.77%+43.0%$23.04B
SKYDSkydance$7.95+0.63%−27.6%$8.94B