Cloudflare (NET) EBT Margin (2018 - 2026)
Cloudflare (NET) reported EBT Margin of 3.35% for Q1 2026, up 433.0% year-over-year 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's EBT Margin history runs 9 years deep, the most recent figure standing at 3.35% for 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 was 3.35% for Q1 2026 at Cloudflare, down 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.
- Median EBT Margin over the past 5 years was 7.67% (2025), compared with a mean of 10.29%.
- Across the five-year window, EBT Margin jumped 4785 bps in 2022 and plunged 576 bps in 2025, its largest moves.
- 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 increased by 27 bps to 1.71% in 2025, then tumbled 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 | ZenaTech | 82,806.72 Bn | 82,806.72 Bn | - | -262.43% |
| 2 | Microsoft | 11,085.79 Bn | 11,007.52 Bn | 56.06 Bn | 47.46% |
| 3 | Palantir Technologies | 1,073.49 Bn | 1,065.58 Bn | 1.42 Bn | 54.43% |
| 4 | Rezolve Ai | 1,009.18 Bn | 1,009.17 Bn | - | - |
| 5 | Palo Alto Networks | 824.56 Bn | 820.03 Bn | 1.91 Bn | 21.16% |
| 6 | CrowdStrike Holdings | 701.26 Bn | 698.20 Bn | 993.68 Mn | 4.43% |
| 7 | Oracle | 514.97 Bn | 476.40 Bn | 17.12 Bn | 27.99% |
| 8 | Fortinet | 456.74 Bn | 453.45 Bn | 1.49 Bn | 35.50% |
| 9 | Cloudflare | 331.63 Bn | 330.68 Bn | 455.60 Mn | -3.35% |
| 10 | Synopsys | 303.79 Bn | 303.67 Bn | 1.77 Bn | 3.28% |
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% |