Date: Thursday, October 31, 2025
Company: Netflix Inc. (NFLX)

Key Details

• Split Ratio: 10-for-1
• Record Date: November 10, 2025
• Distribution Date: November 14, 2025
• New Trading Price Effective: Monday, November 17, 2025
• Current Price: $1,089 per share (before split)
• After-hours Price: $1,116 (+2.48%)

What It Means

• Each existing shareholder will receive nine additional shares for every one share currently held.
• The total value of holdings remains unchanged — only the number of shares and price per share adjust proportionally.
• The split aims to make Netflix stock more affordable and accessible, especially for employees in the company’s stock option program.

Market Context

• Netflix shares have surged over 42% year-to-date, trading above $1,000 — among only ten S&P 500 stocks at that level.
• Stock splits are common for high-priced shares, though their necessity is debated due to fractional share trading now available on most platforms.
• After the split, Netflix’s price will likely trade around $108–$112 per share (based on recent levels).

Historical Background

• Netflix has previously conducted two stock splits:
  • 2015: 7-for-1
  • 2004: 2-for-1

Industry Note

• Warren Buffett’s Berkshire Hathaway remains a notable exception, never splitting its Class A shares (now priced above $717,000), though it offers lower-priced Class B shares around $478.