Cloudflare (NET) FCF Margin (2018 - 2026)

Cloudflare has disclosed FCF Margin across 9 years of filings, most recently posting 9.71% for Q2 2026.

• In Q2 2026, FCF Margin rose 192.0% year-over-year to 9.71%; the TTM figure through Jun 2026 stood at 13.87% (up 279.0% YoY), while the FY2025 annual figure was 13.26%, up 156.0% from the prior year.
• FCF Margin came in at 9.71% for Q2 2026 at Cloudflare, down from 14.55% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 17.12% in Q4 2025 to a low of 28.26% in Q1 2022.
• Average FCF Margin over 5 years is 8.42%, with a median of 11.52% recorded in 2024.
• Year-over-year, FCF Margin tumbled 2914 bps in 2022 and soared 3476 bps in 2023.
• Over 5 years, FCF Margin stood at 13.83% in 2022, then advanced by 9 bps to 15.07% in 2023, then fell by 22 bps to 11.77% in 2024, then surged by 45 bps to 17.12% in 2025, then tumbled by 43 bps to 9.71% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 9.71% in Q2 2026, 14.55% in Q1 2026, and 17.12% in Q4 2025.