NFLX vs SPOT: Stock Comparison
Netflix, Inc. compared with Spotify Technology S.A.: size, valuation, growth, margins, dividends and returns.
NFLX vs SPOT at a Glance
As of Nov 6, 2026, Netflix, Inc. (NFLX) has a market capitalization of $266.01B versus $125.78B for Spotify Technology S.A. (SPOT). NFLX is classified in Entertainment (Communication Services), SPOT in Internet Content & Information (Communication Services).
NFLX trades at 19.5x trailing and 15.9x forward earnings, compared with 38.2x trailing and 16.5x forward earnings for SPOT as of Nov 6, 2026. Over the trailing twelve months, revenue grew 14.7% at NFLX and 11.3% at SPOT, operating margins were 28.9% and 14.6%, and net profit margins 27.4% and 15.7%.
Neither company paid a dividend over the trailing twelve months as of Nov 6, 2026. Over the past year NFLX shares changed −39.79% versus −13.39% for SPOT (price change, dividends excluded).
Key Figures Side by Side
| Metric | NFLX | SPOT |
|---|---|---|
| Market cap | $266.01B | $125.78B |
| P/E ratio (TTM) | 19.49 | 38.16 |
| Forward P/E | 15.87 | 16.46 |
| Revenue growth (TTM, YoY) | 14.65% | 11.32% |
| Gross margin (TTM) | 47.77% | 33.12% |
| Operating margin (TTM) | 28.86% | 14.58% |
| Net profit margin (TTM) | 27.44% | 15.73% |
| Dividend yield | 0.00% | 0.00% |
| 1-year price change | −39.79% | −13.39% |
| Sector | Communication Services | Communication Services |
| Industry | Entertainment | Internet Content & Information |
Source: Exchange price data and company financial statements. Data as of Nov 6, 2026. Data sources and methodology
Interactive NFLX vs SPOT Comparison
Performance Comparison
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Comparison Results
Marked values are the best in their row where higher or lower is clearly better.
Frequently Asked Questions
Which is bigger, NFLX or SPOT?
Netflix, Inc. (NFLX) is larger as of Nov 6, 2026, with a market capitalization of $266.01B against $125.78B for Spotify Technology S.A. (SPOT), about 2.1 times the size.
Which stock is cheaper, NFLX or SPOT?
On trailing earnings NFLX is cheaper as of Nov 6, 2026: it trades at 19.5x versus 38.2x for SPOT. On forward earnings NFLX trades at 15.9x and SPOT at 16.5x. A lower multiple can also reflect slower expected growth.
Which pays a higher dividend, NFLX or SPOT?
Neither NFLX nor SPOT paid a dividend over the trailing twelve months as of Nov 6, 2026.
Which has performed better, NFLX or SPOT?
SPOT has done better over the past year to Nov 6, 2026: its shares changed −13.39% against −39.79% for NFLX. These are price changes and exclude dividends.