Netflix, Inc. (NFLX) Stock Price & Analysis
Netflix, Inc. (NFLX) closed at USD 67.05 on Thursday, October 22, 2026, up 3.09% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 65.04; the Oct 22, 2026 session ranged USD 65.02–67.49 on volume of 58,691,592 shares. Market capitalization is $279.19B, with a 52-week range of USD 64.1–116.73 (NMS). Source: Nexqual, retrieved October 23, 2026 at 07:54 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NFLX.md
Latest Earnings Results (NFLX)
Netflix, Inc. (NFLX) reported Q3 2026 results on Oct 20, 2026, 4:01:55 PM ET: GAAP EPS $0.87 vs. estimate $0.82 (beat), revenue $12.87B vs. estimate $12.87B (miss). Guidance: In Q4, we expect revenue of $13.4 billion and an operating margin of 26.0%. Source: SEC 8-K filing. Read the SEC filing.
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (NFLX)
- Last four reported quarters (through Sep 30, 2026): revenue $49.7B, net income $14.8B (29.7% margin), free cash flow $11.4B (SEC filings).
- Valuation: P/E 18.9x (avg 40.8x at the last 3 fiscal year-ends), EV/EBITDA 17.9x, net debt $6.91B.
- 11 of 80 tracked superinvestors hold NFLX (13F, Q2 2026): 4 new, 2 added, 2 reduced, 3 unchanged.
- Analysts: Buy (mean 2.25 on a 1–5 scale) (51 analysts), mean target USD 84.83 (range 57–126).
- Total return with dividends: 1Y -39.8% vs S&P 500 +14.9%; 5Y +0.9% vs S&P 500 +80.3%.
- Next earnings: 2027-01-19, EPS estimate USD 0.68, revenue estimate $13.4B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NFLX)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $29.7B | $31.6B | $33.7B | $39.0B | $45.2B | $49.7B |
| Gross profit | $12.4B | $12.4B | $14.0B | $18.0B | $21.9B | — |
| Operating income | $6.19B | $5.63B | $6.95B | $10.4B | $13.3B | $15.6B |
| Net income | $5.12B | $4.49B | $5.41B | $8.71B | $11.0B | $14.8B |
| EPS (diluted) | $1.12 | $0.99 | $1.20 | $1.98 | $2.53 | — |
| Free cash flow | -$132M | $1.62B | $6.93B | $6.92B | $9.46B | $11.4B |
| Gross margin | 41.6% | 39.4% | 41.5% | 46.1% | 48.5% | — |
| Operating margin | 20.9% | 17.8% | 20.6% | 26.7% | 29.5% | 31.3% |
| Net margin | 17.2% | 14.2% | 16.0% | 22.3% | 24.3% | 29.7% |
| Revenue growth | +18.8% | +6.5% | +6.7% | +15.6% | +15.9% | — |
| Cash + short-term investments | $6.06B | $6.08B | $7.14B | $9.58B | $9.06B | — |
| Total debt | $15.4B | $14.4B | $14.5B | $15.6B | $14.5B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (NFLX)
P/E 18.9x · P/S 5.6x · EV/EBITDA 17.9x · EV/Sales 5.8x · P/FCF 24.5x · P/B 9.5x · FCF yield 4.07% · Earnings yield 5.29% · Buyback yield (TTM) 4.61% · Net debt $6.91B · EV $286B
P/E at fiscal year-ends: Dec 2025 37.1x, Dec 2024 44.9x, Dec 2023 40.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (NFLX)
11 of 80 tracked investors hold NFLX. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Josh Tarasoff | Greenlea Lane Capital | 5.41% | $19.7M | Reduced -1.3% |
| Bill Ackman | Pershing Square | 4.80% | $934M | New position |
| Thomas Russo | Gardner Russo & Quinn | 4.57% | $408M | Added +1.8% |
| Terry Smith | Fundsmith | 3.66% | $499M | New position |
| Bill Nygren | Oakmark Funds | 1.05% | $786M | Added +11.7% |
| Wallace Weitz | Weitz Investment Management | 0.73% | $10.5M | New position |
| Polen Capital | Polen Capital Management | 0.04% | $4.9M | Reduced -18.2% |
| Thomas Gayner | Markel Group | 0.02% | $2.9M | New position |
| Christopher Bloomstran | Semper Augustus | 0.02% | $213K | Unchanged |
| Ruane Cunniff | Ruane Cunniff LP | 0.01% | $578K | Unchanged |
| First Pacific Advisors | 0.01% | $1.2M | Unchanged |
Analysts (NFLX)
Consensus Buy (mean 2.25 on a 1–5 scale), 51 analysts; mean target USD 84.83 (low 57, high 126).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Wolfe Research | Downgrade | Outperform → Peer Perform | |
| 2026-10-22 | Argus Research | Target lowered | Buy | $120 → $95 |
| 2026-10-22 | Pivotal Research | Target lowered | Hold | $70 → $65 |
| 2026-10-21 | UBS | Target lowered | Buy | $115 → $100 |
| 2026-10-21 | Citigroup | Target lowered | Buy | $100 → $85 |
| 2026-10-21 | Oppenheimer | Target lowered | Outperform | $85 → $80 |
| 2026-10-21 | Morgan Stanley | Target lowered | Overweight | $80 → $77 |
| 2026-10-21 | JP Morgan | Target lowered | Overweight | $85 → $81 |
| 2026-10-21 | TD Cowen | Reiterated | Buy | $100 |
| 2026-10-21 | Piper Sandler | Target lowered | Overweight | $85 → $78 |
| 2026-10-21 | Evercore ISI Group | Target lowered | Outperform | $110 → $90 |
| 2026-10-21 | Barclays | Target lowered | Equal-Weight | $70 → $65 |
Total return (dividends reinvested) (NFLX)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -39.8% | +0.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -39.9% | +0.2% |
| Volatility (annualized) | 35.8% | 44.5% |
| Max drawdown | -43.8% (Nov 2025→Oct 2026) | -74.6% (Oct 2021→Jun 2022) |
NFLX suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Amazon (AMZN) | “While the retail side of Amazon competes with us, we do not believe that Amazon will use the AWS operation in a manner to gain competitive advantage against our service, although if it were to do so it could harm our business.” |
Quoted from the company's 10-K filed Jan 23, 2026.
Companies that name NFLX in their SEC reports
| Relationship to NFLX | Company | Filing | Sentence |
|---|---|---|---|
| competitor | Fox Corp (FOX) | 10-K Aug 6, 2026 | “On a national level, the primary competitors to FS1, FS2, and the Big Ten Network are national cable networks ESPN, ESPN2, TNT, TBS, USA Network, CBS Sports Network and The CW Network; league-owned networks such as NFL Network, NHL Network, NBA TV and MLB Network; collegiate conference-specific networks such as the SEC Network and ACC Network; and direct-to-consumer streaming services such as ESPN, YouTube, Peacoc…” |
| supplier | Cineverse Corp. (CNVS) | 10-K Jun 26, 2026 | “More than 15 years of experience as a primary distributor of content to scale third-party OTT platforms such as Netflix, Hulu, Amazon Prime, Tubi, Apple iTunes and more, and nearly seven years of history operating OTT channels with millions of downloads, hundreds of thousands of registered users, and hundreds of millions of discrete data points on our customer's behavior and preferences;” |
| partner | Nexus Advanced Technologies Inc. (NXAT) | 20-F May 15, 2026 | “The KWM production entities operate in an environment characterized by expanding multi-platform demand: beyond Netflix, HBO Max launched a multi-year content partnership with CJ ENM's TVING service across 17 Asia-Pacific markets in early 2026, and Disney+ and Apple TV+ have each maintained consistent Korean content commissioning activity.” |
| competitor | GRUPO TELEVISA, S.A.B. (TV) | 20-F Apr 30, 2026 | “Our pay-TV companies face competition from IPTV, AVOD or over-the-top ("OTT") providers such as Netflix, Disney+, Claro Video, Prime Video (Amazon), HBO Max, Apple TV+ and YouTube among others, as well as from other pay-TV operators such as Dish México, Total Play, Megacable and other cable television companies.” |
| competitor | Anghami Inc (ANGH) | 20-F Apr 30, 2026 | “Internationally, Netflix remains the primary competitor with respect to premium international content.” |
| competitor | SK TELECOM CO LTD (SKM) | 20-F Apr 29, 2026 | “Furthermore, our IPTV and cable TV services are facing an increasing level of competition from global operators of online video streaming platforms, such as YouTube, Netflix, Disney Plus and Apple TV, leading domestic video streaming platforms such as TVING, Coupang Play, Wavve (which is seeking to merge with TVING pursuant to a memorandum of understanding entered into in December 2023) and Watcha, and the video c…” |
| partner | PLDT Inc. (PHI) | 20-F Apr 27, 2026 | “Entertainment expanded through IPTV and OTT add-ons, giving access to blockbuster films, award-winning series, premium HD/4K streaming quality, and faster access to titles following theatrical release windows, AAA gaming titles through IGV Game Pass, and Fiber plans bundled with top-tier content streaming partners, Netflix and HBO Max.” |
| competitor | READING INTERNATIONAL INC (RDIB) | 10-K Mar 31, 2026 | “The continued dominance of streaming subscription services such as Netflix, Amazon Prime Video, Disney/Hulu, and Apple continues to create competition for the traditional theatrical experience offered by cinemas.” |
| partner | Kartoon Studios, Inc. (TOON) | 10-K Mar 31, 2026 | “Studios has developed and produced original programming in partnership with Cartoon Network, Nickelodeon, Nick Jr., Netflix, Sony Pictures” |
| partner | TIM S.A. (TIMB) | 20-F Mar 30, 2026 | “premium partnership benefits with the major entertainment brands in streaming: Amazon, Paramount, Netflix, Disney, etc.” |
| competitor | URBAN ONE, INC. (UONE) | 10-K Mar 20, 2026 | “Our Digital and Cable Television segments compete for the time and attention of internet users and viewers and, thus, advertisers and advertising revenues with a wide range of internet companies such as Amazon™, Netflix™, Yahoo!™, Google™, and Microsoft™, with social networking sites such as Facebook™ and TikTok™ and with traditional media companies, which are increasingly offering their own digital products and s…” |
| competitor | PLAYSTUDIOS, Inc. (MYPS) | 10-K Mar 16, 2026 | “In addition, online game developers and distributors that are primarily focused on specific international markets, such as Giant Interactive and Tencent in Asia, and high-profile companies with significant online presences that to date have not actively focused on social games, such as Facebook, Apple, Google, Amazon, and Netflix, may decide to develop social games including social casino games which may compete w…” |
| competitor | Townsquare Media, Inc. (TSQ) | 10-K Mar 16, 2026 | “•iPhone/iPad and similar mobile devices, gaming consoles, in-home entertainment and enhanced automotive platforms, voice activated smart speakers, and streaming internet services such as Netflix, Spotify, and Pandora, all of which provide access to audio and other entertainment content to consumers.” |
| supplier | Onconetix, Inc. (ONCO) | 10-K Mar 13, 2026 | “she has worked with companies whose clients and customers include Fortune 500 companies such as Netflix, Disney, Amazon, Apple, Activision,” |
| competitor | CuriosityStream Inc. (CURI) | 10-K Mar 12, 2026 | “We compete for the time and attention of our users across different forms of media, including traditional broadcast, cable, satellite and internet-delivered video, other providers of SVOD services (e.g., Amazon Prime Video, Hulu, Netflix), other providers of in-home and mobile entertainment such as radio, music streaming services, and social media and networking websites.” |
NFLX company outlook (results filed Oct 20, 2026)
- “EX-99.1 2 ex991_q326.htm EX-99.1 Document Exhibit 99.1 October 20, 2026 Fellow shareholders, • We delivered our Q3 forecast and expect to deliver on our full year 2026 guidance. ◦ Q3 revenue grew 12% year over year (11% on a F/X neutral basis 1 ) to $12.9B, consistent with our forecast.”
- “Operating margin was 34.6%, up from 28.2% in Q3'25 and ahead of our forecast primarily due to the timing of expenses. ◦ For 2026, we expect revenue of $51.1B (+13% year over year) and an operating margin of 31.5%. • The core of our service is delivering differentiated, exclusive, professionally produced series, films and live events.”
- “Our summary results, and forecast for Q4, are below.”
- “Assumes foreign exchange rates remained constant with foreign exchange rates from each of the corresponding months of the prior-year period. 1 Q3 Results and Forecast Revenue in Q3 grew 12% year over year (+11% on a foreign exchange (F/X) neutral basis), and was in-line with our forecast.”
Quoted word-for-word from the SEC 8-K results press release.
NFLX analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $0.68 | $0.73 | -7.4% | $13.45B | 30 |
| Next quarter (ends Mar 2027) | $0.92 | $0.94 | -1.2% | $13.62B | 20 |
| Current fiscal year (ends Dec 2026) | $3.58 | $3.58 | +0.0% | $51.13B | 35 |
| Next fiscal year (ends Dec 2027) | $3.76 | $3.81 | -1.3% | $56.63B | 44 |
NFLX options: expected move
Options price a move of about ±18.5% (±$12.40) by Mar 19, 2027, which includes earnings on Jan 19, 2027; the earnings reaction alone is priced at about ±7.6%. Over the last 8 reports the stock moved ±6.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 23, 2026 | 1 | 41.4% | ±1.8% |
| Oct 30, 2026 | 8 | 32.3% | ±3.8% |
| Nov 6, 2026 | 15 | 32.1% | ±5.2% |
| Nov 13, 2026 | 22 | 31.9% | ±6.4% |
| Nov 20, 2026 | 29 | 31.3% | ±7.1% |
| Nov 27, 2026 | 36 | 30.9% | ±7.8% |
| Dec 4, 2026 | 43 | 26.9% | ±7.4% |
| Dec 18, 2026 | 57 | 31.1% | ±9.9% |
30-day implied volatility 31.2% vs 36.5% realized over the last 30 trading days. Put/call ratio (volume) 0.89. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:54 UTC)
| Price | USD 67.05 |
|---|---|
| Change | ▲ 3.09% (up) |
| Previous Close | USD 65.04 |
| Open | USD 65.06 |
| Day Range | USD 65.02 – 67.49 |
| 52-Week Range | USD 64.1 – 116.73 |
| Volume | 58,691,592 shares |
| Market Cap | $279.19B |
| Exchange | NMS |
Technical Analysis (NFLX)
Nexqual's technical model rates NFLX "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:54 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 38.3 (neutral) |
| vs SMA50 | Below (USD 74.52) |
| MACD | -1.59 (negative) |
Analyst Ratings (NFLX)
Wall Street analysts rate NFLX "Buy" based on 51 analysts, with a mean price target of USD 84.83 (range USD 57–126), per Nexqual as of October 23, 2026 at 07:54 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 51 |
| Mean Target | USD 84.83 |
| High Target | USD 126 |
| Low Target | USD 57 |
| Buy / Hold / Sell | 33 / 16 / 2 |
Earnings (NFLX)
| Next Earnings Date | 2027-01-19 |
|---|---|
| EPS Estimate | USD 0.68 |
| Revenue Estimate | $13.45B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 0.87 vs est 0.82 ▲ beat |
| 2026-06-30 | USD 0.8 vs est 0.79 ▲ beat |
| 2026-03-31 | USD 1.23 vs est 1.25 ▼ miss |
| 2025-12-31 | USD 0.56 vs est 0.55 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financials & Fundamentals (NFLX)
| Total Revenue | $49.73B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +11.80% |
| Gross Margin | +50.69% |
| Operating Margin | +34.63% |
| Profit Margin | +29.69% |
| ROE | +53.46% |
| Debt / Equity | 0.52 |
| Current Ratio | 1.08 |
| Total Cash | $8.22B |
| Total Debt | $15.13B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $11.38B (22.9% of revenue) |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Financial Health Score (NFLX)
Nexqual rates Netflix, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 07:54 UTC.
| Growth | Strong — Revenue +16% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 51%, operating 35% (last 12 months) |
| Balance Sheet | Solid — $8.22B cash and investments vs $15.1B debt (Sep 2026, SEC) |
| Cash Flow | Strong — FCF $11.4B (last 4 quarters to Sep 2026, SEC), 23% margin |
| Efficiency | Strong — ROE 53%, ROA 17.1% |
Ownership (NFLX)
| Insider Ownership | +0.58% |
|---|---|
| Institutional Ownership | +85.36% |
| Shares Outstanding | 4.16B |
| Float | 4.11B |
| Short % of Float | +1.99% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
Leadership (NFLX)
Netflix, Inc. is led by Theodore A. Sarandos, Co-CEO, President & Director, per Nexqual as of October 23, 2026 at 07:54 UTC.
| Co-CEO, President & Director | Theodore A. Sarandos |
|---|---|
| Co-CEO, President & Director | Gregory K. Peters |
| Chief Financial Officer | Spencer Adam Neumann |
| Chief Product & Technology Officer | Elizabeth Stone |
| Vice President of Finance, Corporate Development & Investor Relations | Spencer Wang |
Major Backers & Investors (NFLX)
Notable institutional backers of Netflix, Inc. include FMR, LLC, Invesco, Morgan Stanley, according to Nexqual as of October 23, 2026 at 07:54 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 3.26% |
| Invesco | 3.25% |
| Morgan Stanley | 2.39% |
| Price (T.Rowe) Associates Inc | 2.25% |
| Capital Group | 2.1% |
| Fidelity | 1.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.4% |
| BlackRock | 8.38% |
| State Street | 4.33% |
| Geode Capital | 2.65% |
Source: Nexqual, October 23, 2026 at 07:54 UTC.
From Netflix, Inc.'s Latest SEC 10-K Filing (filed 2026-01-23)
Key Strengths & Strategy (as disclosed to the SEC)
- We use a combination of patent, trademark, copyright and trade secret laws and confidentiality agreements to protect our proprietary intellectual property.
- Our intellectual property rights extend to our technology, business processes, the content we produce and distribute through our service, and the consumer products and experiences based thereon.
Legal & Regulatory Risks (Item 1A, quoted)
- We are engaged in legal proceedings that could cause us to incur unforeseen expenses and could occupy a significant amount of our management's time and attention.
- Privacy concerns could limit our ability to collect and leverage member personal information and disclosure of member personal information could adversely impact our business and reputation.
- We could be subject to economic, political, regulatory and other risks arising from our international operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DIS | Walt Disney Company (The) | USD 113.13 | ▲ 1.16% |
| LYV | Live Nation Entertainment, Inc. | USD 174.5 | ▲ 0.09% |
| SKYD | Skydance Corporation | USD 7.79 | ▼ 1.02% |
| TKO | TKO Group Holdings, Inc. | USD 177.72 | ▼ 0.12% |
| FOXA | Fox Corporation | USD 68.27 | ▲ 3.69% |
| ROKU | Roku, Inc. | USD 160.06 | ▲ 1.45% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:54 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt