Cloudflare (NET) Payables (2018 - 2026)
Cloudflare's (NET) quarterly Payables came in at $127.0 million in Q2 2026, up 32.77% year-over-year from $95.7 million in Q2 2025, and up 115.88% quarter-over-quarter from $58.8 million in Q1 2026.
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Analysis
Cloudflare (NET) Payables (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Payables across 9 years of filings, most recently posting $127.0 million for Q2 2026.
- In Q2 2026, Payables rose 32.77% year-over-year to $127.0 million; the TTM figure through Jun 2026 stood at $127.0 million (up 32.77% YoY), while the FY2025 annual figure was $84.1 million, down 20.5% from the prior year.
- Payables came in at $127.0 million for Q2 2026 at Cloudflare, up from $58.8 million in the prior quarter.
- In the past five years, Payables ranged from a high of $127.0 million in Q2 2026 to a low of $32.4 million in Q2 2023.
- Average Payables over 5 years is $65.4 million, with a median of $57.3 million recorded in 2022.
- Year-over-year, Payables plunged 41.91% in 2023 and surged 96.93% in 2024.
- Over 5 years, Payables stood at $35.6 million in 2022, then jumped by 50.89% to $53.7 million in 2023, then surged by 96.93% to $105.8 million in 2024, then retreated by 20.5% to $84.1 million in 2025, then surged by 51.02% to $127.0 million in 2026.
- Per Business Quant data, the three most recent Payables figures were $127.0 million in Q2 2026, $58.8 million in Q1 2026, and $84.1 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 42.80 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 10.17 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 127.03 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 1.26 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | 1.30 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 3.63 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 265.00 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 96.51 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 1.98 Bn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 10.39 Mn |
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();