Netflix, Inc. (NFLX) Stock Inflation-Adjusted

Netflix, Inc. (NFLX) is a global streaming entertainment company that provides television series, documentaries and feature films across a wide variety of genres and languages to members in over 190 countries.

Because inflation erodes purchasing power, a stock's nominal price can be a misleading measure of its true performance. To provide a more accurate analysis, this page adjusts Netflix's entire stock history using the US Consumer Price Index. The charts and data below allow you to compare the nominal price against its inflation-adjusted value, revealing a clearer picture of Netflix's long-term growth.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use June 2025 as the baseline (latest available CPI).

The current value of Netflix, Inc. stock is 1,260.27 (as of the close of Jul 15, 2025), 5.89% lower than the all-time high of 1,339.13 (Jun 30, 2025).

Since May 23, 2002, the inflation-adjusted total return for the stock has been 58,616%, which is equivalent to an annual growth rate of 31.71%.

In nominal values, the total return since this date has been 105,236%, or an annualized rate of 35.08%.

Inflation-Adjusted Values by Month

This data presents Netflix's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date	Inflation-Adjusted	Nominal value
Jul 2025	1,260.27	1,260.27
Jun 2025	1,339.13	1,339.13
May 2025	1,211.35	1,207.23
Apr 2025	1,137.95	1,131.72
Mar 2025	940.58	932.53
Feb 2025	991.25	980.56
Jan 2025	991.8	976.76
Dec 2024	910.96	891.32
Nov 2024	906.68	886.81
Oct 2024	772.55	756.03
Sep 2024	725.6	709.27
Aug 2024	718.65	701.35
Jul 2024	644.37	628.35
Jun 2024	692.89	674.88
May 2024	658.97	641.62
Apr 2024	566.47	550.64
Mar 2024	627.22	607.33
Feb 2024	626.69	602.92
Jan 2024	589.98	564.11
Dec 2023	511.98	486.88
Nov 2023	497.91	473.97
Oct 2023	431.61	411.69
Sep 2023	395.72	377.6
Aug 2023	455.62	433.68
Jul 2023	463.2	438.97
Jun 2023	465.69	440.49
May 2023	419.19	395.23
Apr 2023	350.81	329.93
Mar 2023	369.2	345.48
Feb 2023	345.39	322.13
Jan 2023	381.53	353.86
Dec 2022	320.48	294.88
Nov 2022	331.03	305.53
Oct 2022	315.92	291.88
Sep 2022	255.87	235.44
Aug 2022	243.48	223.56
Jul 2022	244.85	224.9
Jun 2022	190.36	174.87
May 2022	217.88	197.44
Apr 2022	212.39	190.36
Mar 2022	420.27	374.59
Feb 2022	448.54	394.52
Jan 2022	490.06	427.14
Dec 2021	697	602.44
Nov 2021	744.93	641.9
Oct 2021	805.05	690.31
Sep 2021	717.7	610.34
Aug 2021	671.13	569.19
Jul 2021	611.52	517.57
Jun 2021	627.1	528.21
May 2021	602.49	502.81
Apr 2021	620.19	513.47
Mar 2021	635.27	521.66
Feb 2021	660.85	538.85
Jan 2021	656.5	532.39
Dec 2020	669.62	540.73
Nov 2020	608.24	490.7
Oct 2020	589.33	475.74
Sep 2020	619.68	500.03
Aug 2020	657.19	529.56
Jul 2020	608.62	488.88
Jun 2020	569.36	455.04
May 2020	528.05	419.73
Apr 2020	528.21	419.85
Mar 2020	469.25	375.5
Feb 2020	460.17	369.03
Jan 2020	431.49	345.09
Dec 2019	406.15	323.57
Nov 2019	394.61	314.66
Oct 2019	360.24	287.41
Sep 2019	336.21	267.62
Aug 2019	369.32	293.75
Jul 2019	406.06	322.99
Jun 2019	462.57	367.32
May 2019	432.38	343.28
Apr 2019	467.71	370.54
Mar 2019	452.44	356.56
Feb 2019	456.96	358.1
Jan 2019	435.06	339.5
Dec 2018	343.65	267.66
Nov 2018	366.19	286.13
Oct 2018	384.93	301.78
Sep 2018	478.06	374.13
Aug 2018	470.36	367.68
Jul 2018	431.93	337.45
Jun 2018	501.05	391.43
May 2018	450.79	351.6
Apr 2018	402.27	312.46
Mar 2018	381.75	295.35
Feb 2018	377.47	291.38
Jan 2018	351.75	270.3
Dec 2017	251.17	191.96
Nov 2017	245.29	187.58
Oct 2017	256.87	196.43
Sep 2017	237	181.35
Aug 2017	229.53	174.71
Jul 2017	239.38	181.66
Jun 2017	196.75	149.41
May 2017	214.93	163.07
Apr 2017	200.77	152.2
Mar 2017	195.56	147.81
Feb 2017	188.2	142.13
Jan 2017	186.9	140.71
Dec 2016	165.4	123.8
Nov 2016	156.37	117
Oct 2016	166.63	124.87
Sep 2016	131.67	98.55
Aug 2016	130.51	97.45
Jul 2016	122.32	91.25
Jun 2016	122.43	91.48
May 2016	137.72	102.57
Apr 2016	121.37	90.03
Mar 2016	138.48	102.23
Feb 2016	127.07	93.41
Jan 2016	125.04	91.84
Dec 2015	155.99	114.38
Nov 2015	167.62	123.33
Oct 2015	146.99	108.38
Sep 2015	139.98	103.26
Aug 2015	155.69	115.03
Jul 2015	154.5	114.31
Jun 2015	126.85	93.85
May 2015	120.93	89.15
Apr 2015	108.38	79.5
Mar 2015	81.32	59.53
Feb 2015	93.23	67.84
Jan 2015	87.11	63.11
Dec 2014	67.04	48.8
Nov 2014	67.63	49.51
Oct 2014	76.23	56.11
Sep 2014	87.34	64.45
Aug 2014	92.54	68.23
Jul 2014	81.76	60.39
Jun 2014	85.18	62.94
May 2014	80.93	59.69
Apr 2014	62.6	46.01
Mar 2014	68.65	50.29
Feb 2014	87.46	63.66
Jan 2014	80.64	58.48
Dec 2013	72.8	52.6
Nov 2013	72.32	52.26
Oct 2013	63.63	46.07
Sep 2013	60.85	44.17
Aug 2013	55.94	40.56
Jul 2013	48.23	34.93
Jun 2013	41.66	30.16
May 2013	44.76	32.32
Apr 2013	42.82	30.87
Mar 2013	37.47	27.04
Feb 2013	37.33	26.87
Jan 2013	33.07	23.61
Dec 2012	18.58	13.23
Nov 2012	16.35	11.67
Oct 2012	15.79	11.32
Sep 2012	10.84	7.78
Aug 2012	11.95	8.53
Jul 2012	11.43	8.12
Jun 2012	13.75	9.78
May 2012	12.72	9.06
Apr 2012	16.05	11.45
Mar 2012	23.11	16.43
Feb 2012	22.41	15.82
Jan 2012	24.44	17.17
Dec 2011	14.15	9.9
Nov 2011	13.14	9.22
Oct 2011	16.7	11.73
Sep 2011	23	16.18
Aug 2011	47.8	33.57
Jul 2011	54.25	38
Jun 2011	53.63	37.53
May 2011	55.22	38.69
Apr 2011	47.67	33.24
Mar 2011	49.03	33.97
Feb 2011	43.03	29.52
Jan 2011	44.79	30.58
Dec 2010	36.94	25.1
Nov 2010	43.36	29.41
Oct 2010	36.57	24.8
Sep 2010	34.21	23.17
Aug 2010	26.49	17.93
Jul 2010	21.68	14.65
Jun 2010	22.97	15.52
May 2010	23.48	15.88
Apr 2010	20.9	14.13
Mar 2010	15.61	10.53
Feb 2010	14.04	9.44
Jan 2010	13.24	8.89
Dec 2009	11.76	7.87
Nov 2009	12.49	8.38
Oct 2009	11.39	7.64
Sep 2009	9.85	6.6
Aug 2009	9.31	6.23
Jul 2009	9.4	6.28
Jun 2009	8.83	5.91
May 2009	8.49	5.63
Apr 2009	9.79	6.47
Mar 2009	9.3	6.13
Feb 2009	7.87	5.18
Jan 2009	7.89	5.16
Dec 2008	6.55	4.27
Nov 2008	4.98	3.28
Oct 2008	5.27	3.54
Sep 2008	6.5	4.41
Aug 2008	6.49	4.41
Jul 2008	6.47	4.41
Jun 2008	5.49	3.72
May 2008	6.46	4.34
Apr 2008	6.86	4.57
Mar 2008	7.48	4.95
Feb 2008	6.87	4.51
Jan 2008	5.49	3.59
Dec 2007	5.84	3.8
Nov 2007	5.06	3.3
Oct 2007	5.84	3.78
Sep 2007	4.59	2.96
Aug 2007	3.88	2.5
Jul 2007	3.81	2.46
Jun 2007	4.29	2.77
May 2007	4.85	3.13
Apr 2007	4.94	3.17
Mar 2007	5.2	3.31
Feb 2007	5.1	3.22
Jan 2007	5.19	3.26
Dec 2006	5.91	3.69
Nov 2006	6.7	4.18
Oct 2006	6.32	3.95
Sep 2006	5.17	3.25
Aug 2006	4.52	2.86
Jul 2006	4.69	2.96
Jun 2006	6.18	3.89
May 2006	6.3	3.96
Apr 2006	6.78	4.23
Mar 2006	6.69	4.14
Feb 2006	6.22	3.83
Jan 2006	6.4	3.94
Dec 2005	6.34	3.87
Nov 2005	6.42	3.93
Oct 2005	6.11	3.77
Sep 2005	6.02	3.71
Aug 2005	5.06	3.08
Jul 2005	4.38	2.65
Jun 2005	3.89	2.34
May 2005	3.39	2.04
Apr 2005	2.73	1.65
Mar 2005	2.59	1.55
Feb 2005	2.57	1.53
Jan 2005	2.78	1.64
Dec 2004	2.99	1.76
Nov 2004	2.75	1.63
Oct 2004	2.29	1.35
Sep 2004	3.74	2.2
Aug 2004	3.39	1.99
Jul 2004	4.99	2.93
Jun 2004	8.74	5.14
May 2004	8.02	4.7
Apr 2004	6.22	3.62
Mar 2004	8.39	4.87
Feb 2004	8.51	4.91
Jan 2004	9.13	5.24
Dec 2003	6.84	3.91
Nov 2003	6.12	3.5
Oct 2003	7.14	4.09
Sep 2003	4.18	2.4
Aug 2003	4.16	2.38
Jul 2003	3.28	1.87
Jun 2003	3.2	1.83
May 2003	2.83	1.61
Apr 2003	2.86	1.63
Mar 2003	2.55	1.45
Feb 2003	2.15	1.22
Jan 2003	1.67	0.94
Dec 2002	1.4	0.79
Nov 2002	1.38	0.77
Oct 2002	1.14	0.64
Sep 2002	1.23	0.69
Aug 2002	1.67	0.94
Jul 2002	1.71	0.95
Jun 2002	1.79	1
May 2002	1.93	1.08

Returns from Investing in Netflix, Inc. stock

How much did an investment in Netflix really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Netflix, Inc. stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2007.

Year	Inflation-Adjusted Return	Nominal Return
2024	77.93%	83.07%
2023	59.76%	65.11%
2022	-54.02%	-51.05%
2021	4.09%	11.41%
2020	64.87%	67.11%
2019	18.19%	20.89%
2018	36.82%	39.44%
2017	51.85%	55.06%
2016	6.04%	8.24%
2015	132.68%	134.38%
2014	-7.91%	-7.21%
2013	291.75%	297.63%
2012	31.34%	33.63%
2011	-61.7%	-60.56%
2010	214.23%	218.93%
2009	79.43%	84.31%
2008	12.18%	12.28%
2007	-1.1%	2.94%
2006	-6.8%	-4.43%
2005	112.22%	119.46%
2004	-56.33%	-54.91%
2003	387.57%	396.73%

Netflix, Inc. Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Netflix over various trailing periods ending June 30, 2025, offering a clearer view of long-term, real investment performance.

Period	Avg. Annual Return (Inflation-Adjusted)	Avg. Annual Return (Nominal)
Last 1 year	93.27%	98.42%
Last 3 years	91.61%	97.11%
Last 5 years	18.66%	24.1%
Last 10 years	26.58%	30.45%
Last 20 years	33.92%	37.35%

Real Returns of Investing in the Netflix

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in June 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Netflix five years ago yielded an 262.88% nominal gain, but the real return (the actual increase in buying power) was 191.01%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period	What $100 Grew To (Nominal)	Total Nominal Return (%)	Total Inflation-Adjusted Return (%)
Last 5 years Feb 2020 - Jun 2025	$362.88	262.88%	191.01%
Last 10 years Feb 2015 - Jun 2025	$1,973.83	1,874%	1,336%

Inflation in Netflix Operations

Netflix experiences moderate inflation impact, with both operational challenges and unique advantages in the streaming industry.

Content Production Costs: Rising costs for talent, production crews, equipment and post-production services can significantly increase the expense of creating original content, which represents Netflix's largest operational cost.
Technology Infrastructure: Inflation affects costs for data centers, content delivery networks, cloud services and streaming technology that support global content distribution.
International Operations: Currency fluctuations and local inflation in global markets impact the cost of regional content production and local partnerships.
Marketing & Acquisition: Rising advertising costs and promotional expenses can increase customer acquisition costs in competitive streaming markets.

Netflix's subscription-based model provides several mechanisms to manage inflationary pressures. The company can periodically adjust subscription prices to maintain margins, with a global subscriber base that has historically accepted reasonable price increases for quality content.

Additionally, Netflix's heavy investment in original content creates valuable intellectual property that can be monetized across multiple revenue streams and international markets, helping offset production cost inflation through improved content utilization and licensing opportunities.

About Netflix

Netflix, Inc. is the world's leading streaming entertainment service, founded in 1997 and headquartered in Los Gatos, California.

The company began as a DVD-by-mail service before transitioning to streaming in 2007 and becoming a major content producer. Netflix operates in over 190 countries, offering a vast library of TV series, documentaries and films, including acclaimed original productions.

As a component of the Nasdaq-100 and S&P 500, Netflix represents the entertainment and media streaming sector in major market indices. The company has fundamentally transformed how consumers access and consume entertainment content globally.

Last Close Jul 15, 2025	1,260.27
Highest Jun 30, 2025	1,339.13
Highest, Inflation-Adjusted Jun 30, 2025	1,339.13
Annualized return Since May 23, 2002	35.08%
Annualized return, Inflation-Adjusted Since May 23, 2002	31.71%