Cloudflare (NET) EBIT Margin (2018 - 2026)
Cloudflare (NET) reported EBIT Margin of 9.69% for Q1 2026, up 142.0% on a YoY basis from 4.0% in Q1 2025, and down 20.95% sequentially from 8.01% in Q4 2025.
Cloudflare (NET) EBIT Margin (2018 - 2026) Analysis & Trends
Cloudflare (NET) has 9 years of EBIT Margin data on file, last reported at 9.69% in Q1 2026.
- For the quarter ending Q1 2026, EBIT Margin rose 142.0% year-over-year to 9.69%; the trailing twelve-month figure through Mar 2026 stood at 9.27% (down 60.0% YoY), and the FY2025 full-year result was 9.56%, down 29.0% from the prior year.
- EBIT Margin retreated to 9.69% in Q1 2026, from 8.01% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 6.67% in Q3 2025 to a low of 27.52% in Q2 2022.
- A 5-year average of 13.37% and a median of 11.82% in 2023 frame the typical range for EBIT Margin.
- Across the five-year window, EBIT Margin sank 858 bps in 2022 and soared 956 bps in 2024, its largest moves.
- Tracing NET's EBIT Margin over 5 years: stood at 18.45% in 2022, then jumped by 36 bps to 11.82% in 2023, then soared by 36 bps to 7.55% in 2024, then declined by 6 bps to 8.01% in 2025, then declined by 21 bps to 9.69% in 2026.
- Business Quant data shows NET's EBIT Margin at 9.69% in Q1 2026, 8.01% in Q4 2025, and 6.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 46.33% |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 75.95% |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | 31.97% |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | - |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | 46.18% |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 25.16% |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | 15.30% |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 1.06% |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 31.36% |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | -9.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.69% |
| Dec 31, 2025 | -8.01% |
| Sep 30, 2025 | -6.67% |
| Jun 30, 2025 | -13.13% |
| Mar 31, 2025 | -11.11% |
| Dec 31, 2024 | -7.55% |
| Sep 30, 2024 | -7.16% |
| Jun 30, 2024 | -8.65% |
| Mar 31, 2024 | -14.41% |
| Dec 31, 2023 | -11.82% |
| Sep 30, 2023 | -11.68% |
| Jun 30, 2023 | -18.21% |
| Mar 31, 2023 | -16.29% |
| Dec 31, 2022 | -18.45% |
| Sep 30, 2022 | -18.10% |
| Jun 30, 2022 | -27.52% |
| Mar 31, 2022 | -18.86% |
| Dec 31, 2021 | -21.21% |
| Sep 30, 2021 | -15.37% |
| Jun 30, 2021 | -18.94% |