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.

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
DateValue
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%