Netflix Inc (NFLX)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 9,965,660 | 8,979,540 | 8,185,640 | 7,351,110 | 6,205,400 | 5,096,586 | 4,809,386 | 4,753,106 | 5,263,926 | 5,775,443 | 5,814,553 | 5,785,293 | 5,840,103 | 5,795,667 | 4,996,167 | 4,437,977 | 3,199,347 | 2,842,263 | 2,993,123 | 2,458,439 |
| Revenue (ttm) | US$ in thousands | 39,000,950 | 37,587,270 | 36,304,240 | 34,932,230 | 33,723,290 | 32,742,520 | 32,126,440 | 31,909,280 | 31,615,550 | 31,472,820 | 31,030,700 | 30,402,340 | 29,697,850 | 28,632,970 | 27,585,140 | 26,391,650 | 24,996,060 | 23,819,050 | 22,628,310 | 21,403,140 |
| Pretax margin | 25.55% | 23.89% | 22.55% | 21.04% | 18.40% | 15.57% | 14.97% | 14.90% | 16.65% | 18.35% | 18.74% | 19.03% | 19.67% | 20.24% | 18.11% | 16.82% | 12.80% | 11.93% | 13.23% | 11.49% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $9,965,660K ÷ $39,000,950K
= 25.55%
Netflix Inc's pretax margin has shown a fluctuating trend over the past years. Starting at 11.49% in March 2020, the margin increased gradually to 25.55% by December 2024. The company experienced significant growth between March 2021 and December 2022, reaching a peak of 20.24% in September 2021. However, there was a slight decline in margins in the following quarters. Overall, Netflix Inc's pretax margin has shown an upward trajectory, indicating improved profitability and efficiency in managing operating expenses relative to its revenue generation over the analyzed period.