NFLX
NetflixPrevious close
62.34
Change
+0.26 / +0.42%
P/E (TTM) ?
17.3
Market Cap
$255B
1M
−7.04%
Volume / Avg Volume
52.4M / 54.4M
0.96× average · Volume on 10-30
Latest earnings analysisFY2026 Q3Reported 2026-10-20
Netflix Q3 FY2026: margin beats, revenue growth slows to 12.0%
This was a margin quarter, not a growth quarter: Netflix earned $0.87 a share against a $0.8388 consensus, helped by operating margin jumping to 34.6%. Revenue of $12.87 billion matched management's own forecast but grew only 12.0%. Read the scorecard for the beat, the guidance section for the deceleration, and the cash-flow discussion for the trimmed $12.0 billion free-cash-flow target.
Read the full analysis →Revenue$12.87BYoY +11.80%
EPS$0.87Beatest. $0.84
Next-quarter revenue guidance$13.44BYoY +4.40%
Next-day move−5.31%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-20 | $12.9B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-16 | $12.6B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-16 | $12.2B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-20 | $45.2B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-21 | $11.5B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-17 | $11.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-17 | $10.5B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 35 of its 5-year rangeMid-range
5-year range 4.8 – 52.3 · Median 22.2
Last 4 quarters: $12.9B in buybacks + $0 in dividends, 5.04% of market cap combined
P/E (TTM)
17.3
P/B
8.7
P/S
5.1
PEG
0.93
Earnings Reaction
Over the last 7 reports, the stock moved ±5.9% on average on the first trading day after, rising 1 times
Most recent −5.31%
Guidance Credibility
Of the last 4 next-quarter revenue guides, 2 were met; actual results averaged 0.2% above guidance
Volatility & Correlation
1-year beta 0.20 · Correlation with S&P 500 0.07Low beta
Annualized volatility 36% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 10 · $14.3MNet selling $14.3M
- 10-26SMITH BRADFORD LDirectorSell$1.2M17,980 shares · 3 trades · Avg price 64.03
- 09-10BARTON RICHARD NDirectorSell$0.05M720 shares · Avg price 75.27
- 09-09BARTON RICHARD NDirectorSell$0.05M720 shares · Avg price 76.26
- 09-08BARTON RICHARD NDirectorSell$0.06M720 shares · Avg price 77.60
- 08-10Neumann Spencer AdamChief Financial OfficerSell$0.70M9,248 shares · Avg price 75.79
- 08-06Peters Gregory KCo-CEOSell$2.0M27,312 shares · Avg price 73.54
- 08-05BARTON RICHARD NDirectorSell$0.16M2,160 shares · Avg price 75.10
- 08-04SARANDOS THEODORE ACo-CEOSell$2.0M27,312 shares · Avg price 73.35
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 12.87 | +11.8% | 52.8% | 3.66 | 0.87 |
| FY2026 Q2 | 12.56 | +13.4% | 51.9% | 3.40 | 0.80 |
| FY2026 Q1 | 12.25 | +16.2% | 51.9% | 5.28 | 1.23 |
| FY2025 Q4 | 12.05 | +17.6% | 45.9% | 2.42 | 0.56 |
| FY2025 Q3 | 11.51 | +17.2% | 46.4% | 2.55 | 0.59 |
| FY2025 Q2 | 11.08 | +15.9% | 51.9% | 3.13 | 0.72 |
| FY2025 Q1 | 10.54 | +12.5% | 50.1% | 2.89 | 0.66 |
| FY2024 Q4 | 10.25 | +16.0% | 43.7% | 1.87 | -13.58 |
| FY2024 Q3 | 9.82 | +15.0% | 47.9% | 2.36 | 5.40 |
| FY2024 Q2 | 9.56 | +16.8% | 45.9% | 2.15 | 4.88 |
| FY2024 Q1 | 9.37 | +14.8% | 46.9% | 2.33 | 5.28 |
| FY2023 Q4 | 8.83 | +12.5% | 39.9% | 0.94 | -8.70 |