Cloudflare (NET) Net Margin (2017 - 2025)

Cloudflare has reported Net Margin for 9 years, with the latest figure at 4.72% in FY2025.

• Quarterly Net Margin rose 445.0% year-over-year to 3.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.72% (up 89.0% YoY) and the FY2025 annual result came in at 4.72%, changed 0.0% from the prior year.
• Net Margin held at 4.72% in FY2025 per NET's latest filing, from 4.72% in the prior year.
• Over five years, Net Margin peaked at 4.72% in FY2025 and troughed at 39.66% in FY2021.
• A 5-year average of 16.62% and a median of 14.19% in 2023 frame the typical range for Net Margin.
• The sharpest annual moves came in 2021 and 2022: Net Margin plunged 1196 bps in 2021, then soared 1983 bps in 2022.
• Over 5 years, Net Margin stood at 39.66% in 2021, then surged by 50 bps to 19.83% in 2022, then gained by 28 bps to 14.19% in 2023, then soared by 67 bps to 4.72% in 2024, then grew by 0 bps to 4.72% in 2025.
• According to Business Quant data, Net Margin over the past three periods registered 4.72%, 4.72%, and 14.19% for FY2025, FY2024, and FY2023 respectively.