Cloudflare (NET) Market Capitalization (2019 - 2026)
Cloudflare (NET) recorded Market Capitalization of $79.02 billion in Q2 2026, up 29.1% from $61.23 billion a year earlier and up 20.0% from the prior quarter.
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Analysis
Cloudflare (NET) Market Capitalization (2019 - 2026) Analysis & Trends
For FY2025, Cloudflare reported Market Capitalization of $62.56 billion, up 88.7% from FY2024.
- Annual Market Capitalization has increased for three straight years, with a five-year compound annual growth rate of 21.7% (FY2020 to FY2025).
- Across earlier years, Market Capitalization came in at $33.15 billion in FY2024 (+33.6%), $24.82 billion in FY2023 (+91.6%), $12.96 billion in FY2022 (-64.5%) and $36.52 billion in FY2021 (+55.7%).
- The Q2 2026 figure is the highest quarterly Market Capitalization in data going back to Q3 2019.
- On a year-over-year basis, Market Capitalization has increased for 13 consecutive quarters, with growth averaging 76.2% over the last eight quarters.
- Peak year-over-year performance for Market Capitalization in the last five years was growth of 173.8% in Q3 2025, against a decline of 64.5% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $65.88 billion (Q1 2026), $62.56 billion (Q4 2025) and $67.63 billion (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 | 79.02 Bn |
| Mar 31, 2026 | 65.88 Bn |
| Dec 31, 2025 | 62.56 Bn |
| Sep 30, 2025 | 67.63 Bn |
| Jun 30, 2025 | 61.23 Bn |
| Mar 31, 2025 | 34.93 Bn |
| Dec 31, 2024 | 33.15 Bn |
| Sep 30, 2024 | 24.70 Bn |
| Jun 30, 2024 | 25.12 Bn |
| Mar 31, 2024 | 29.15 Bn |
| Dec 31, 2023 | 24.82 Bn |
| Sep 30, 2023 | 18.64 Bn |
| Jun 30, 2023 | 19.08 Bn |
| Mar 31, 2023 | 17.84 Bn |
| Dec 31, 2022 | 12.96 Bn |
| Sep 30, 2022 | 15.72 Bn |
| Jun 30, 2022 | 12.37 Bn |
| Mar 31, 2022 | 33.57 Bn |
| Dec 31, 2021 | 36.52 Bn |
| Sep 30, 2021 | 30.82 Bn |
API Access
Cloudflare Market Capitalization 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=market-capitalization&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();