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Netflix stock split: the 10-for-1 split and how NFLX has done since

The details of Netflix’s November 2025 10-for-1 split, its two earlier splits, what an IPO share is worth now, and why the stock has fallen since.

LemonTrades·Guides
One block splitting into ten smaller blocks next to a falling line.

TL;DR

  • Netflix split its stock 10-for-1 on November 17, 2025: each share became ten, and the price dropped from about $1,100 to about $110.
  • It was Netflix’s third split, after 2-for-1 in 2004 and 7-for-1 in 2015. One share from the 2002 IPO is now 140 shares.
  • The stock has fallen since the split, on the Warner Bros. bidding fight, disappointing guidance and a cut to its ad revenue outlook.
  • LemonTrades tells you what moved Netflix, and why, as it happens, and warns you before its earnings.

Netflix’s share price passed $1,000 in 2025, so it split. Here’s how the split worked and what has happened to the stock since.

Netflix todayValue
One NFLX sharelive$– –
Since the splitfirst split-adjusted close $110.29, November 17, 2025–
One share bought at the 2002 IPOnow 140 shares$–
$1,000 at the $15 IPO price66.7 shares then, 9,333 now$–

Live, updated every minute, before taxes. Netflix pays no dividend.

The 2025 split

  • Announced: October 30, 2025, saying it wanted to make shares more accessible to employees who get stock.
  • Who got shares: everyone who owned Netflix at the close on November 10, 2025, received nine more shares for each one.
  • First split-adjusted day: November 17, 2025, closing at $110.29.

Netflix stock split history

Split-adjusted trading beganRatioShares from one IPO share
February 12, 20042-for-12
July 15, 20157-for-114
November 17, 202510-for-1140

Netflix listed on May 23, 2002 at $15 a share, about 11 cents in today’s split-adjusted terms.

Why Netflix stock has fallen since the split

  • Warner Bros.: in December 2025 Netflix agreed to buy Warner Bros.’ studios and streaming business. The stock fell on worries about the cost, debt and regulators. In February 2026 Netflix declined to raise its offer, Warner Bros. went with Paramount, and Netflix collected a $2.8 billion breakup fee; the stock jumped as much as 12% that day.
  • Guidance: it sold off after its July 16 results, when Netflix didn’t raise its 2026 revenue outlook as much as investors hoped.
  • Ads: in October 2026 it cut its ad revenue guidance and slid about 5%.

None of that has anything to do with the split itself: a split changes the number of shares, not what the company is worth. See how splits work in Nvidia’s stock split history.

Sources

Education, not financial advice. Split-adjusted figures from daily price data. See our disclaimer.

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