Cloudflare (NET) Payables (2018 - 2026)
Cloudflare's Payables came in at $127.03 million for Q2 2026, up 32.8% from $95.68 million a year earlier and up 115.9% from the prior quarter.
Powered by 
Analysis
Cloudflare (NET) Payables (2018 - 2026) Analysis & Trends
At the end of FY2025, Cloudflare's Payables was $84.12 million, down 20.5% from FY2024.
- Payables carries a five-year compound annual growth rate of 42.2% (FY2020 to FY2025).
- Going back by year, Payables was $105.81 million in FY2024 (+96.9%), $53.73 million in FY2023 (+50.9%), $35.61 million in FY2022 (+36.5%) and $26.09 million in FY2021 (+80.1%).
- The Q2 2026 figure represents the highest quarterly Payables in data going back to Q4 2018.
- Year-over-year, Payables increased in six of the last eight quarters, with growth averaging 40.9%.
- The fastest year-over-year change in Payables over five years came in Q3 2021 (growth of 103.4%), and the weakest in Q2 2023 (a decline of 41.9%).
- Business Quant data shows NET's Payables at $58.84 million (Q1 2026), $84.12 million (Q4 2025) and $85.88 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 42.42 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 10.17 Bn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 127.03 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 1.26 Bn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 1.30 Bn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 3.63 Bn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 265.00 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 96.51 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 122.90 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 1.98 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 127.03 Mn |
| Mar 31, 2026 | 58.84 Mn |
| Dec 31, 2025 | 84.12 Mn |
| Sep 30, 2025 | 85.88 Mn |
| Jun 30, 2025 | 95.68 Mn |
| Mar 31, 2025 | 93.78 Mn |
| Dec 31, 2024 | 105.81 Mn |
| Sep 30, 2024 | 74.11 Mn |
| Jun 30, 2024 | 59.53 Mn |
| Mar 31, 2024 | 47.83 Mn |
| Dec 31, 2023 | 53.73 Mn |
| Sep 30, 2023 | 40.59 Mn |
| Jun 30, 2023 | 32.38 Mn |
| Mar 31, 2023 | 54.56 Mn |
| Dec 31, 2022 | 35.61 Mn |
| Sep 30, 2022 | 39.23 Mn |
| Jun 30, 2022 | 55.73 Mn |
| Mar 31, 2022 | 32.93 Mn |
| Dec 31, 2021 | 26.09 Mn |
| Sep 30, 2021 | 34.56 Mn |
API Access
Cloudflare Payables 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=payables&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();