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NFLX Operating ROA

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As of Q4'25, Netflix's latest reported metrics show an ROE of 9.09%, ROA of 4.35%, and ROIC of 5.66%. These figures reflect a slight decline compared to the previous quarter, but remain above the levels seen at the end of 2023. From Q1'23 to Q4'25, all three profitability ratios—ROE, ROA, and ROIC—demonstrate a general upward trend, with notable volatility around year-end periods. After a dip in Q4'23, each metric rebounded strongly in early 2024 and peaked in mid-2025 (ROE at 12.53%, ROA at 5.89%, ROIC at 8.40% in Q2'25) before moderating slightly by year-end. This pattern suggests improving operational efficiency and capital returns over the observed period, despite some quarter-to-quarter fluctuations.