NFLX drawdown: 47.7% below the all-time high
Netflix Inc. (NFLX) is 47.7% below its all-time high, set Jun 30, 2025 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2002).
- Below all-time high
- −47.7%
- 52.3% of ATH
- All-time high
- $133.9
- Jun 30, 2025
- Time below the high
- 13 mo
- since Jun 30, 2025
- Worst-ever drawdown
- −82.0%
- Sep 25, 2012
- Longest underwater
- 4.2 yrs
- between all-time highs
- Today's level first reached
- Aug 30, 2024
- 1.9 yrs ago
- Last time this deep
- Oct 18, 2023
- in a previous episode
% of all-time high since 2002#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of NFLX, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jul 13, 2011 | Sep 25, 2012 | −82.0% | 14 mo | Sep 10, 2013 | 2.2 yrs |
| Jan 22, 2004 | Mar 24, 2005 | −76.7% | 14 mo | Apr 16, 2008 | 4.2 yrs |
| Nov 17, 2021 | May 11, 2022 | −75.9% | 6 mo | Aug 20, 2024 | 2.8 yrs |
| Jul 5, 2002 | Oct 9, 2002 | −70.8% | 3 mo | Mar 17, 2003 | 8 mo |
| Apr 17, 2008 | Oct 27, 2008 | −55.9% | 6 mo | Mar 17, 2009 | 11 mo |
| Jun 30, 2025 | Jul 20, 2026 | −49.5% | 13 mo | not yet | 13 mo+ |
| Jul 9, 2018 | Dec 24, 2018 | −44.2% | 6 mo | Apr 15, 2020 | 1.8 yrs |
| Dec 4, 2015 | Feb 5, 2016 | −36.8% | 2 mo | Jan 5, 2017 | 13 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2002: how far NFLX stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: NFLX is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is NFLX from its all-time high?
- NFLX is currently 47.7% below its all-time high, set Jun 30, 2025 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest NFLX drawdown ever?
- The deepest decline on record in our data (since 2002) took the stock 82.0% below its prior high, bottoming Sep 25, 2012. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2002 (split-adjusted). "All-time" means since our price data begins — NFLX may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.