US wholesale prices registered no change in July 2026, with core inflation also easing, according to reports from MarketWatch and Bloomberg cited in market briefings [Brief - 2026-08-13]. The European session closed mixed on the day, as cooling upstream price pressures provided some degree of relief ahead of the US cash open. Separately, supply disruptions tied to Russia were noted as an escalating factor in commodity markets during the same session.
Netflix reported trailing twelve-month revenue of $48.37 billion as of 30 June 2026, representing year-over-year growth of 13.37% [SEC 10-Q - NFLX - 2026-06-30]. Net income over the same period stood at $13.65 billion, with a net margin of 28.22% and an operating margin of 29.68%. Gross margin was recorded at 20.09%. Earnings per share grew 11.11% year-over-year. The company held $9.10 billion in cash against total debt of $14.31 billion, and its market capitalisation stood at approximately $316.50 billion. The price-to-earnings ratio was 23.9 at the reporting date.
Two insider transactions were recorded in September 2026, both in the selling direction, with a combined net value of approximately -$55,872 [SEC Form 4 - NFLX - 2026-09]. On the institutional side, Coatue reduced its NFLX position by 32% and AQR Capital reduced its position by 14% in the most recent reporting period [SEC 13F - Coatue - Q2 2026] [SEC 13F - AQR Capital - Q2 2026]. These reductions across two distinct institutional holders represent the material ownership changes that prompted this report.
The 10-year US Treasury yield stood at 4.83% and the 2-year yield at 4.39%, producing a normal yield curve spread of 44 basis points [FRED DGS10] [FRED DGS2]. This rate environment forms the broader context within which equity valuations and corporate debt costs are currently assessed across US-listed equities including NFLX.