Cloudflare (NET) EBT Margin (2018 - 2026)
Cloudflare (NET) reported EBT Margin of 3.35% for Q1 2026, up 433.0% on a YoY basis from 0.63% in Q1 2025, and down 95.63% sequentially from 1.71% in Q4 2025.
Cloudflare (NET) EBT Margin (2018 - 2026) Analysis & Trends
Cloudflare (NET) has 9 years of EBT Margin data on file, last reported at 3.35% in Q1 2026.
- For the quarter ending Q1 2026, EBT Margin rose 433.0% year-over-year to 3.35%; the trailing twelve-month figure through Mar 2026 stood at 3.32% (up 88.0% YoY), and the FY2025 full-year result was 4.28%, down 3.0% from the prior year.
- EBT Margin fell to 3.35% in Q1 2026, from 1.71% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 0.33% in Q3 2025 to a low of 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.
- Across the five-year window, EBT Margin surged 4785 bps in 2022 and tumbled 576 bps in 2025, its largest moves.
- Tracing NET's EBT Margin over 5 years: 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 increased by 27 bps to 1.71% in 2025, then sank by 96 bps to 3.35% in 2026.
- Business Quant data shows NET's EBT Margin at 3.35% in Q1 2026, 1.71% in Q4 2025, and 0.33% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,834.76 Bn | 2,710.32 Bn | 56.06 Bn | 47.46% |
| 2 | PagSeguro Digital | 2,643.44 Bn | 2,643.44 Bn | 358.92 Mn | 12.41% |
| 3 | Oracle | 345.72 Bn | 314.37 Bn | - | 27.99% |
| 4 | Repay Holdings | 297.29 Bn | 297.14 Bn | - | - |
| 5 | Palantir Technologies | 295.33 Bn | 287.41 Bn | 1.42 Bn | 54.43% |
| 6 | Pagaya Technologies | 249.07 Bn | 249.08 Bn | 140.38 Mn | 8.59% |
| 7 | Palo Alto Networks | 228.92 Bn | 224.38 Bn | 1.91 Bn | 21.16% |
| 8 | CrowdStrike Holdings | 183.84 Bn | 180.79 Bn | 993.68 Mn | 4.43% |
| 9 | Fortinet | 111.23 Bn | 107.94 Bn | 1.49 Bn | 35.50% |
| 10 | Cloudflare | 92.51 Bn | 91.57 Bn | 455.60 Mn | -3.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.35% |
| Dec 31, 2025 | -1.71% |
| Sep 30, 2025 | 0.33% |
| Jun 30, 2025 | -9.23% |
| Mar 31, 2025 | -7.67% |
| Dec 31, 2024 | -2.36% |
| Sep 30, 2024 | -2.98% |
| Jun 30, 2024 | -3.47% |
| Mar 31, 2024 | -8.79% |
| Dec 31, 2023 | -7.12% |
| Sep 30, 2023 | -6.64% |
| Jun 30, 2023 | -30.15% |
| Mar 31, 2023 | -12.67% |
| Dec 31, 2022 | -16.33% |
| Sep 30, 2022 | -16.22% |
| Jun 30, 2022 | -27.17% |
| Mar 31, 2022 | -19.33% |
| Dec 31, 2021 | -29.41% |
| Sep 30, 2021 | -64.07% |
| Jun 30, 2021 | -26.12% |