Cloudflare (NET) EBT Margin (2018 - 2026)

Cloudflare (NET) posted EBT Margin of 3.35% for Q1 2026, down 95.63% sequentially from 1.71% in Q4 2025, and up 433.0% YoY from 0.63% in Q1 2025.

Cloudflare (NET) EBT Margin (2018 - 2026) Analysis & Trends

Cloudflare has reported EBT Margin for 9 years, with the latest figure at 3.35% in Q1 2026.

Quarterly EBT Margin rose 433.0% year-over-year to 3.35% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.32% (up 88.0% YoY) and the FY2025 annual result came in at 4.28%, down 3.0% from the prior year.
EBT Margin fell to 3.35% in Q1 2026 per NET's latest filing, from 1.71% in the prior quarter.
Over five years, EBT Margin peaked at 0.33% in Q3 2025 and troughed at 30.15% in Q2 2023.
A 5-year average of 10.29% and a median of 7.67% in 2025 frame the typical range for EBT Margin.
The sharpest annual moves came in 2022 and 2025: EBT Margin jumped 4785 bps in 2022, then sank 576 bps in 2025.
Over 5 years, EBT Margin stood at 16.33% in 2022, then soared by 56 bps to 7.12% in 2023, then jumped by 67 bps to 2.36% in 2024, then advanced by 27 bps to 1.71% in 2025, then plunged by 96 bps to 3.35% in 2026.
According to Business Quant data, EBT Margin over the past three periods registered 3.35%, 1.71%, and 0.33% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	EBT Margin (Qtr)
1	Microsoft	3,679.34 Bn	3,546.58 Bn	60.48 Bn	48.94%
2	Oracle	433.50 Bn	402.15 Bn	-	27.99%
3	Palantir Technologies	418.20 Bn	408.90 Bn	1.64 Bn	55.87%
4	Palo Alto Networks	312.41 Bn	309.30 Bn	2.03 Bn	-5.20%
5	Fortinet	117.38 Bn	113.31 Bn	1.64 Bn	35.17%
6	Cloudflare	101.74 Bn	97.57 Bn	499.52 Mn	-24.13%
7	Synopsys	80.70 Bn	78.49 Bn	1.77 Bn	3.28%
8	CoreWeave	58.00 Bn	52.46 Bn	1.70 Bn	-21.90%
9	Block	49.79 Bn	43.33 Bn	3.17 Bn	4.56%
10	NetApp	40.59 Bn	37.00 Bn	1.37 Bn	-21.15%

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