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 September 2025 as the baseline (latest available CPI).

The current value of Netflix, Inc. stock is 103.22 (as of the close of Dec 4, 2025), 22.92% lower than the all-time high of 133.91 (Jun 30, 2025).

Since May 23, 2002, the inflation-adjusted total return for the stock has been 47,658%, which is equivalent to an annual growth rate of 29.97%.

In nominal values, the total return since this date has been 86,173%, or an annualized rate of 33.28%.

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
Dec 2025 103.22 103.22
Nov 2025 107.58 107.58
Oct 2025 111.89 111.89
Sep 2025 119.89 119.89
Aug 2025 121.13 120.82
Jul 2025 116.57 115.94
Jun 2025 134.84 133.91
May 2025 121.98 120.72
Apr 2025 114.58 113.17
Mar 2025 94.71 93.25
Feb 2025 99.81 98.06
Jan 2025 99.87 97.68
Dec 2024 91.73 89.13
Nov 2024 91.3 88.68
Oct 2024 77.79 75.6
Sep 2024 73.06 70.93
Aug 2024 72.36 70.14
Jul 2024 64.88 62.83
Jun 2024 69.77 67.49
May 2024 66.35 64.16
Apr 2024 57.04 55.06
Mar 2024 63.16 60.73
Feb 2024 63.1 60.29
Jan 2024 59.41 56.41
Dec 2023 51.55 48.69
Nov 2023 50.14 47.4
Oct 2023 43.46 41.17
Sep 2023 39.85 37.76
Aug 2023 45.88 43.37
Jul 2023 46.64 43.9
Jun 2023 46.89 44.05
May 2023 42.21 39.52
Apr 2023 35.32 32.99
Mar 2023 37.18 34.55
Feb 2023 34.78 32.21
Jan 2023 38.42 35.39
Dec 2022 32.27 29.49
Nov 2022 33.33 30.55
Oct 2022 31.81 29.19
Sep 2022 25.76 23.54
Aug 2022 24.52 22.36
Jul 2022 24.66 22.49
Jun 2022 19.17 17.49
May 2022 21.94 19.74
Apr 2022 21.39 19.04
Mar 2022 42.32 37.46
Feb 2022 45.16 39.45
Jan 2022 49.35 42.71
Dec 2021 70.18 60.24
Nov 2021 75.01 64.19
Oct 2021 81.06 69.03
Sep 2021 72.27 61.03
Aug 2021 67.58 56.92
Jul 2021 61.58 51.76
Jun 2021 63.15 52.82
May 2021 60.67 50.28
Apr 2021 62.45 51.35
Mar 2021 63.97 52.17
Feb 2021 66.54 53.88
Jan 2021 66.11 53.24
Dec 2020 67.43 54.07
Nov 2020 61.25 49.07
Oct 2020 59.34 47.57
Sep 2020 62.4 50
Aug 2020 66.18 52.96
Jul 2020 61.28 48.89
Jun 2020 57.33 45.5
May 2020 53.17 41.97
Apr 2020 53.19 41.99
Mar 2020 47.25 37.55
Feb 2020 46.34 36.9
Jan 2020 43.45 34.51
Dec 2019 40.9 32.36
Nov 2019 39.73 31.47
Oct 2019 36.27 28.74
Sep 2019 33.85 26.76
Aug 2019 37.19 29.38
Jul 2019 40.89 32.3
Jun 2019 46.58 36.73
May 2019 43.54 34.33
Apr 2019 47.1 37.05
Mar 2019 45.56 35.66
Feb 2019 46.01 35.81
Jan 2019 43.81 33.95
Dec 2018 34.6 26.77
Nov 2018 36.87 28.61
Oct 2018 38.76 30.18
Sep 2018 48.14 37.41
Aug 2018 47.36 36.77
Jul 2018 43.49 33.74
Jun 2018 50.45 39.14
May 2018 45.39 35.16
Apr 2018 40.51 31.25
Mar 2018 38.44 29.53
Feb 2018 38.01 29.14
Jan 2018 35.42 27.03
Dec 2017 25.29 19.2
Nov 2017 24.7 18.76
Oct 2017 25.87 19.64
Sep 2017 23.86 18.14
Aug 2017 23.11 17.47
Jul 2017 24.1 18.17
Jun 2017 19.81 14.94
May 2017 21.64 16.31
Apr 2017 20.22 15.22
Mar 2017 19.69 14.78
Feb 2017 18.95 14.21
Jan 2017 18.82 14.07
Dec 2016 16.65 12.38
Nov 2016 15.75 11.7
Oct 2016 16.78 12.49
Sep 2016 13.26 9.85
Aug 2016 13.14 9.74
Jul 2016 12.32 9.13
Jun 2016 12.33 9.15
May 2016 13.87 10.26
Apr 2016 12.22 9
Mar 2016 13.94 10.22
Feb 2016 12.8 9.34
Jan 2016 12.59 9.18
Dec 2015 15.71 11.44
Nov 2015 16.88 12.33
Oct 2015 14.8 10.84
Sep 2015 14.1 10.33
Aug 2015 15.68 11.5
Jul 2015 15.56 11.43
Jun 2015 12.77 9.38
May 2015 12.18 8.92
Apr 2015 10.91 7.95
Mar 2015 8.19 5.95
Feb 2015 9.39 6.78
Jan 2015 8.77 6.31
Dec 2014 6.75 4.88
Nov 2014 6.81 4.95
Oct 2014 7.68 5.61
Sep 2014 8.79 6.45
Aug 2014 9.32 6.82
Jul 2014 8.23 6.04
Jun 2014 8.58 6.29
May 2014 8.15 5.97
Apr 2014 6.3 4.6
Mar 2014 6.91 5.03
Feb 2014 8.81 6.37
Jan 2014 8.12 5.85
Dec 2013 7.33 5.26
Nov 2013 7.28 5.23
Oct 2013 6.41 4.61
Sep 2013 6.13 4.42
Aug 2013 5.63 4.06
Jul 2013 4.86 3.49
Jun 2013 4.19 3.02
May 2013 4.51 3.23
Apr 2013 4.31 3.09
Mar 2013 3.77 2.7
Feb 2013 3.76 2.69
Jan 2013 3.33 2.36
Dec 2012 1.87 1.32
Nov 2012 1.65 1.17
Oct 2012 1.59 1.13
Sep 2012 1.09 0.78
Aug 2012 1.2 0.85
Jul 2012 1.15 0.81
Jun 2012 1.38 0.98
May 2012 1.28 0.91
Apr 2012 1.62 1.14
Mar 2012 2.33 1.64
Feb 2012 2.26 1.58
Jan 2012 2.46 1.72
Dec 2011 1.42 0.99
Nov 2011 1.32 0.92
Oct 2011 1.68 1.17
Sep 2011 2.32 1.62
Aug 2011 4.81 3.36
Jul 2011 5.46 3.8
Jun 2011 5.4 3.75
May 2011 5.56 3.87
Apr 2011 4.8 3.32
Mar 2011 4.94 3.4
Feb 2011 4.33 2.95
Jan 2011 4.51 3.06
Dec 2010 3.72 2.51
Nov 2010 4.37 2.94
Oct 2010 3.68 2.48
Sep 2010 3.44 2.32
Aug 2010 2.67 1.79
Jul 2010 2.18 1.47
Jun 2010 2.31 1.55
May 2010 2.36 1.59
Apr 2010 2.1 1.41
Mar 2010 1.57 1.05
Feb 2010 1.41 0.94
Jan 2010 1.33 0.89
Dec 2009 1.18 0.79
Nov 2009 1.26 0.84
Oct 2009 1.15 0.76
Sep 2009 0.99 0.66
Aug 2009 0.94 0.62
Jul 2009 0.95 0.63
Jun 2009 0.89 0.59
May 2009 0.86 0.56
Apr 2009 0.99 0.65
Mar 2009 0.94 0.61
Feb 2009 0.79 0.52
Jan 2009 0.79 0.52
Dec 2008 0.66 0.43
Nov 2008 0.5 0.33
Oct 2008 0.53 0.35
Sep 2008 0.65 0.44
Aug 2008 0.65 0.44
Jul 2008 0.65 0.44
Jun 2008 0.55 0.37
May 2008 0.65 0.43
Apr 2008 0.69 0.46
Mar 2008 0.75 0.5
Feb 2008 0.69 0.45
Jan 2008 0.55 0.36
Dec 2007 0.59 0.38
Nov 2007 0.51 0.33
Oct 2007 0.59 0.38
Sep 2007 0.46 0.3
Aug 2007 0.39 0.25
Jul 2007 0.38 0.25
Jun 2007 0.43 0.28
May 2007 0.49 0.31
Apr 2007 0.5 0.32
Mar 2007 0.52 0.33
Feb 2007 0.51 0.32
Jan 2007 0.52 0.33
Dec 2006 0.59 0.37
Nov 2006 0.67 0.42
Oct 2006 0.64 0.4
Sep 2006 0.52 0.33
Aug 2006 0.46 0.29
Jul 2006 0.47 0.3
Jun 2006 0.62 0.39
May 2006 0.63 0.4
Apr 2006 0.68 0.42
Mar 2006 0.67 0.41
Feb 2006 0.63 0.38
Jan 2006 0.64 0.39
Dec 2005 0.64 0.39
Nov 2005 0.65 0.39
Oct 2005 0.62 0.38
Sep 2005 0.61 0.37
Aug 2005 0.51 0.31
Jul 2005 0.44 0.27
Jun 2005 0.39 0.23
May 2005 0.34 0.2
Apr 2005 0.28 0.17
Mar 2005 0.26 0.16
Feb 2005 0.26 0.15
Jan 2005 0.28 0.16
Dec 2004 0.3 0.18
Nov 2004 0.28 0.16
Oct 2004 0.23 0.14
Sep 2004 0.38 0.22
Aug 2004 0.34 0.2
Jul 2004 0.5 0.29
Jun 2004 0.88 0.51
May 2004 0.81 0.47
Apr 2004 0.63 0.36
Mar 2004 0.84 0.49
Feb 2004 0.86 0.49
Jan 2004 0.92 0.52
Dec 2003 0.69 0.39
Nov 2003 0.62 0.35
Oct 2003 0.72 0.41
Sep 2003 0.42 0.24
Aug 2003 0.42 0.24
Jul 2003 0.33 0.19
Jun 2003 0.32 0.18
May 2003 0.28 0.16
Apr 2003 0.29 0.16
Mar 2003 0.26 0.15
Feb 2003 0.22 0.12
Jan 2003 0.17 0.094
Dec 2002 0.14 0.079
Nov 2002 0.14 0.078
Oct 2002 0.11 0.064
Sep 2002 0.12 0.069
Aug 2002 0.17 0.094
Jul 2002 0.17 0.095
Jun 2002 0.18 0.1
May 2002 0.19 0.11

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 September 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 64.09% 69.04%
Last 3 years 66.95% 72.04%
Last 5 years 13.95% 19.11%
Last 10 years 23.87% 27.79%
Last 20 years 30.25% 33.49%

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 September 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 224.88% nominal gain, but the real return (the actual increase in buying power) was 158.75%.

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 - Sep 2025 $324.88 224.88% 158.75%
Last 10 years Feb 2015 - Sep 2025 $1,767.16 1,667% 1,177%

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
Dec 4, 2025
103.22
Highest
Jun 30, 2025
133.91
Highest, Inflation-Adjusted
Jun 30, 2025
134.84
Annualized return
Since May 23, 2002
33.28%
Annualized return, Inflation-Adjusted
Since May 23, 2002
29.97%

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Other Inflation-Adjusted Data