Netflix (NFLX) stock returns by year

Total return for Netflix (NFLX) in each calendar year since 2003, from one December close to the next, with dividends reinvested. 18 of 23 full years were positive. Netflix beat the S&P 500 in 13 of those 23 years.

Netflix total return by calendar year

NFLX total return by calendar year
YearNFLX total returnS&P 500 (SPY)Difference
2026 to date−24.7%+13.7%−38.5 pts
2025+5.2%+17.7%−12.5 pts
2024+83.1%+24.9%+58.2 pts
2023+65.1%+26.2%+38.9 pts
2022−51.1%−18.2%−32.9 pts
2021+11.4%+28.7%−17.3 pts
2020+67.1%+18.3%+48.8 pts
2019+20.9%+31.2%−10.3 pts
2018+39.4%−4.6%+44.0 pts
2017+55.1%+21.7%+33.4 pts
2016+8.2%+12.0%−3.8 pts
2015+134%+1.2%+133 pts
2014−7.2%+13.5%−20.7 pts
2013+298%+32.3%+265 pts
2012+33.6%+16.0%+17.6 pts
2011−60.6%+1.9%−62.5 pts
2010+219%+15.1%+204 pts
2009+84.3%+26.4%+58.0 pts
2008+12.3%−36.8%+49.1 pts
2007+2.9%+5.1%−2.2 pts
2006−4.4%+15.8%−20.3 pts
2005+120%+4.8%+115 pts
2004−54.9%+10.7%−65.6 pts
2003+397%+28.2%+369 pts

Month-end closes adjusted for splits and dividends, through the October 14, 2026 close. Source: Yahoo Finance chart API, monthly close adjusted for splits and dividends. Excludes taxes, fees and inflation. Methodology

Past returns don't repeat. What does the price assume now?

These tables show what already happened. A buyer today gets the next ten years, and the price already reflects what the market expects. The reverse DCF calculator shows the growth today's price implies, so you can judge whether it is realistic.

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Frequently asked questions

What was Netflix's best year?

2003, with a total return of +397%. Its worst full year was 2011 at −60.6%.

How often has Netflix gone up in a calendar year?

In 18 of the 23 full calendar years since 2003. It beat the S&P 500 (SPY) in 13 of those years.

How is Netflix doing this year?

−24.7% from the end of 2025 to the October 14, 2026 close. The S&P 500 (SPY) returned +13.7% over the same stretch.

Do these returns include dividends?

Yes. Each year runs from one December month-end close to the next, using prices adjusted for splits and dividends, so dividends count as reinvested. Taxes, fees and inflation are not included.

The math is easy. The macro is hard.

Netflix shows the arithmetic. Members get the monthly call that decides which inputs matter, plus written breakpoints when the facts move. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included