We investigate the Poisson ratio ν of fluid lipid bilayers, i.e. , the question how area strains compare to the changes in membrane thickness (or, equivalently, volume) that accompany them. We first examine existing experimental results on the area- and volume compressibility of lipid membranes. Analyzing them within the framework of linear elasticity theory for homogeneous thin fluid sheets leads us to conclude that lipid membrane deformations are to a very good approximation volume-preserving, with a Poisson ratio that is likely about 3% smaller than the common soft matter limit . These results are fully consistent with atomistic simulations of a DOPC membrane at varying amount of applied lateral stress, for which we instead deduce ν by directly comparing area- and volume strains. To assess the problematic assumption of transverse homogeneity, we also define a depth-resolved Poisson ratio ν ( z ) and determine it through a refined analysis of the same set of simulations. We find that throughout the membrane's thickness, ν ( z ) is close to the value derived assuming homogeneity, with only minor variations of borderline statistical significance.