NASDAQ · NFLX
Netflix, Inc.
Communication Services · Entertainment
$71.36▼ 1.11% ($0.80)at close
After hours$71.40▲ 0.06%6:54 PM ET
Market cap
$297.14B
P/E
22.28
EPS (TTM)
$3.20
Next earnings
Oct 20, 2026
Valuation
Revenue & margin DCF
Estimated value / share · Base
$54.25
−24%Price vs. estimate range
Assumption scenarios, not confidence intervals
Bear $38.35, Base $54.25, Bull $79.90; price used $71.36
Bear $38.35, Base $54.25, Bull $79.90; price used $71.36
- 10-yr revenue CAGR
- 8.5%
- Ending operating margin
- 29.9%
- Discount rate
- 13.1%
What the price implies · Reverse DCF
To justify $71.36, revenue would need to grow 12.8%/yr for 10 years. Base assumes 8.5%/yr; the past 4 years delivered 11.1%/yr. Holding Base growth instead, it implies an ending operating margin of 47.2% vs 29.7% today.
What the price implies
$71.36 needs 12.8%/yr revenue growth for 10 years, or a 47.2% ending margin at Base growth. Base assumes 8.5%/yr; past 4 years 11.1%/yr.
USD · TTM ending Jun 30, 2026 · Price Sep 23, 8:00 PM UTC
Selecting a scenario changes the estimate above. Your custom work is kept.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 41.44% over the last year. Revenue grew 16.02% over the trailing twelve months. Operating margin moved from 29.51% to 29.68%. Free cash flow grew 29.34% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 29.68%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Return analysis
Company profile
Netflix, Inc. serves as a worldwide entertainment provider.
Market multiples
Stock splits
Every 1 shares became 10
Every 1 shares became 7
Every 1 shares became 2
Profitability & growth
Analyst consensus
63
Buy
29
Hold
8
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 20, 2026
Q4 FY26 · EPS est $0.82 · Revenue est $12.87B
View