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Monday, November 2, 2026Closing data · 4:00 PM ET
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NFLX

NetflixNASDAQ · Movies & Entertainment · Communication Services
Previous close
62.34
Change
+0.26 / +0.42%
FinDog View
Neutral
52-Week Range ?
61.39 – 116.73
P/E (TTM) ?
17.3
Forward P/E ?
19.2
Based on consensus earnings for the next 12 months
Market Cap
$255B
1M
−7.04%
S&P 500 −2.28% over same period
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%

Price History

Closing price · USD1M6M1Y5Y
60657075EFY26 Q3 Earnings2026-102026-102026-102026-102026-11

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 23.91M6M1Y5Y
1520253035402026-052026-062026-082026-092026-11

Recent Earnings

Click to read the FinDog analysis
PeriodReportedRevenueEPS Actual / Est.Next-Day MoveAnalysis
FY2026 Q3
Quarter ended 2026-09
2026-10-20$12.9B0.87 / 0.84−5.31%Read analysis →
FY2026 Q2
Quarter ended 2026-06
2026-07-16$12.6B0.80 / 0.80−7.26%Read analysis →
FY2026 Q1
Quarter ended 2026-03
2026-04-16$12.2B1.23 / 0.78−9.72%Pending
FY2025 Q4
Quarter ended 2025-12
2026-01-20$45.2B2.53 / 0.56−2.18%Pending
FY2025 Q3
Quarter ended 2025-09
2025-10-21$11.5B5.87 / 0.71−10.07%Pending
FY2025 Q2
Quarter ended 2025-06
2025-07-17$11.1B7.19 / —−5.10%Pending
FY2025 Q1
Quarter ended 2025-03
2025-04-17$10.5B6.61 / —+1.53%Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →
Report date
2027-01-18
in 77 days · After hours
Consensus EPS
$0.75
Last quarter EPS $0.87
Avg. next-day move over the last 7 reports
±5.9%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data
Valuation
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 0.05 · Correlation with S&P 500 0.02Low beta
Annualized volatility 34% vs. 12% 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$2.0M27,312 shares · Avg price 73.35
Multi-Quarter Financial Trends
View all quarters →
Last 12 quarters · As reported by the company
QuarterRevenue ($B)YoYGross MarginOperating Income ($B)Net Income ($B)Free Cash Flow ($B)EPS
FY2026 Q312.87+11.8%52.8%4.463.662.880.87
FY2026 Q212.56+13.4%51.9%4.193.401.530.80
FY2026 Q112.25+16.2%51.9%3.965.285.091.23
FY2025 Q412.05+17.6%45.9%2.962.421.870.56
FY2025 Q311.51+17.2%46.4%3.252.552.660.59
FY2025 Q211.08+15.9%51.9%3.773.132.270.72
FY2025 Q110.54+12.5%50.1%3.352.892.660.66
FY2024 Q410.25+16.0%43.7%2.271.871.38-13.58
FY2024 Q39.82+15.0%47.9%2.912.362.195.40
FY2024 Q29.56+16.8%45.9%2.602.151.214.88
FY2024 Q19.37+14.8%46.9%2.632.332.145.28
FY2023 Q48.83+12.5%39.9%1.500.941.58-8.70

Peers

Largest by market cap in the sector · Latest quarterView Communication Services sector →
TickerCompanyMarket CapP/ERevenue YoYGross Margin1MView
NFLXNetflix$255B17.3+11.8%52.8%−7.04%Neutral
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