Netflix Stock Split: 10-for-1 Deal Just Got Real

Netflix just dropped a bomb — 10-for-1 stock split approved by the board. Here’s the deal: if you own 1 share at $1,100, you’ll get 10 shares at $110 each after Nov. 17. Total value? Same thing. It’s like trading a $100 bill for ten $10s.

But here’s where it gets interesting. Stock splits historically pump up excitement, and companies that do this see average 25% gains in the year after (vs 12% for S&P 500, according to Bank of America data). Netflix’s stated goal: make stock options more accessible to employees.

The real question: Is NFLX actually a buy?

Forget the split hype for a sec. Look at the fundamentals:

• Revenue grew 15% YoY to $33.1B (first 9 months of 2025)
• EPS jumped 26% to $20.12
• Operating margin expanded to 31.3% (up from 27.4% in 2024)

That margin expansion is the kicker — Netflix is investing hard in content but getting WAY more profitable. Q4 has heavy hitters lined up: final season of Stranger Things, Witcher new season, NFL Christmas games, plus movies like Frankenstein and Wake Up Dead Man.

Trade-off: NFLX trades at 34x forward earnings, but if they’re growing revenue ~12% annually for the next 5 years, arguably fair. Stock split alone? Not a reason to buy. Execution track record? That’s the real play.

Disclosure: This is financial analysis, not investment advice. DYOR.