NFLX Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
38
Q1
36
Q2
40
Q3
33
2025
Q4
58
Q1
26
2026
Q2
40
0
Mix
Other NFLX Charts
More quarter-by-quarter fundamentals for Netflix, Inc.
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Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Consumer Comparison
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META · Rule of 40
2026 Q2 · latest
30.8✗ Below 40
Growth +28.0%
FCF +2.9%
59
Q3
49
2024
Q4
42
Q1
41
Q2
48
Q3
49
2025
Q4
57
Q1
31
2026
Q2
40
0
Mix
GOOGL · Rule of 40
2026 Q2 · latest
19.3✗ Below 40
Growth +24.2%
FCF −4.9%
35
Q3
38
2024
Q4
33
Q1
19
Q2
39
Q3
39
2025
Q4
31
Q1
19
2026
Q2
40
0
Mix
Latest Rule of 40: +26 (2026Q2); −10 pts YoY.
Across the 6 quarters from 2025Q1 to 2026Q2, Rule of 40 ranged from +26 in 2026Q2 to +58 in 2026Q1.