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Company guide · NFLX

Netflix ESPP: how it works and whether to max it

If Netflix offers an ESPP, here's how to value it against an RSU-heavy comp package.

About Netflix equity

Netflix (NFLX, HQ CA) grants no RSUs; equity comes through the ESPP only with a other vesting cadence. Historically cash-heavy base; stock options elective via "SOUP" program.

Whether to max it

If Netflix's ESPP has a 15% discount with a lookback, participation is typically the highest-return use of cash available to you (roughly 17-30% pre-tax per offering period). The cap is the IRS $25,000 contribution limit per calendar year.

What to do next

Other Netflix guides