Growth Metrics

Cloudflare (NET) EBT Margin (2018 - 2026)

Cloudflare has reported EBT Margin over the past 9 years, most recently at 3.35% for Q1 2026.

  • Quarterly results put EBT Margin at 3.35% for Q1 2026, up 433.0% from a year ago — trailing twelve months through Mar 2026 was 3.32% (up 88.0% YoY), and the annual figure for FY2025 was 4.28%, down 3.0%.
  • EBT Margin reached 3.35% in Q1 2026 per NET's latest filing, down from 1.71% in the prior quarter.
  • Across five years, EBT Margin topped out at 0.33% in Q3 2025 and bottomed at 30.15% in Q2 2023.
  • Median EBT Margin over the past 5 years was 7.67% (2025), compared with a mean of 10.29%.
  • The largest annual shift saw EBT Margin surged 4785bps in 2022 before it plummeted -576bps in 2025.
  • Over 5 years, EBT Margin stood at 16.33% in 2022, then skyrocketed by 56bps to 7.12% in 2023, then surged by 67bps to 2.36% in 2024, then rose by 27bps to 1.71% in 2025, then crashed by -96bps to 3.35% in 2026.
  • Business Quant data shows EBT Margin for NET at 3.35% in Q1 2026, 1.71% in Q4 2025, and 0.33% in Q3 2025.