Cloudflare (NET) Gross Profit (2018 - 2026)
Cloudflare (NET) reported Gross Profit of $499.52 million for Q2 2026, up 30.2% from $383.64 million a year earlier and up 9.6% from the prior quarter.
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Analysis
Cloudflare (NET) Gross Profit (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Cloudflare's Gross Profit came in at $1.82 billion, up 27.3% year-over-year; for FY2025, it came in at $1.62 billion, up 25.1% from FY2024.
- Gross Profit has increased for eight consecutive years, with a five-year compound annual growth rate of 37.4% (FY2020 to FY2025).
- By year, Gross Profit came in at $1.29 billion in FY2024 (+30.4%), $989.74 million in FY2023 (+33.3%), $742.63 million in FY2022 (+45.8%) and $509.29 million in FY2021 (+54.3%).
- The Q2 2026 figure ranks as the highest quarterly Gross Profit in data going back to Q3 2018.
- Year over year, Gross Profit has now increased in each of the last 28 quarters, with growth averaging 26.4% over the last eight quarters.
- Across the past five years, year-over-year growth in Gross Profit ran from 23.0% in Q2 2025 to 56.0% in Q4 2021.
- Per Business Quant data, the three quarters before Q2 2026 came in at $455.6 million (Q1 2026), $452.55 million (Q4 2025) and $415.71 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 499.52 Mn |
| Mar 31, 2026 | 455.60 Mn |
| Dec 31, 2025 | 452.55 Mn |
| Sep 30, 2025 | 415.71 Mn |
| Jun 30, 2025 | 383.64 Mn |
| Mar 31, 2025 | 363.51 Mn |
| Dec 31, 2024 | 351.26 Mn |
| Sep 30, 2024 | 334.12 Mn |
| Jun 30, 2024 | 311.99 Mn |
| Mar 31, 2024 | 293.56 Mn |
| Dec 31, 2023 | 279.19 Mn |
| Sep 30, 2023 | 257.53 Mn |
| Jun 30, 2023 | 233.27 Mn |
| Mar 31, 2023 | 219.74 Mn |
| Dec 31, 2022 | 206.91 Mn |
| Sep 30, 2022 | 191.89 Mn |
| Jun 30, 2022 | 178.71 Mn |
| Mar 31, 2022 | 165.12 Mn |
| Dec 31, 2021 | 151.10 Mn |
| Sep 30, 2021 | 134.82 Mn |
API Access
Cloudflare Gross Profit API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-profit&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "ticker": "NET", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-profit&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();