Cloudflare (NET) Revenue (2018 - 2026)
Cloudflare's Revenue came in at $696.06 million for Q2 2026, up 35.9% from $512.32 million a year earlier and up 8.8% from the prior quarter.
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Analysis
Cloudflare (NET) Revenue (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cloudflare reported Revenue of $2.51 billion, up 33.5% year-over-year; for FY2025, it came in at $2.17 billion, up 29.8% from FY2024.
- Revenue has increased in each of the last eight years, with a five-year compound annual growth rate of 38.1% (FY2020 to FY2025).
- Going back by year, Revenue was $1.67 billion in FY2024 (+28.8%), $1.3 billion in FY2023 (+33.0%), $975.24 million in FY2022 (+48.6%) and $656.43 million in FY2021 (+52.3%).
- The Q2 2026 figure represents the highest quarterly Revenue in data going back to Q3 2018.
- Year-over-year, Revenue has increased for 28 consecutive quarters, with growth averaging 30.4% over the last eight quarters.
- Over the past five years, the year-over-year growth in Revenue ranged from 26.5% (Q1 2025) to 53.9% (Q2 2022).
- Business Quant data shows NET's Revenue at $639.76 million (Q1 2026), $614.51 million (Q4 2025) and $562.03 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 90.01 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 17.16 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 696.06 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 2.63 Bn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 582.30 Mn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | 2.58 Bn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 434.60 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 757.08 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 1.10 Bn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 281.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 696.06 Mn |
| Mar 31, 2026 | 639.76 Mn |
| Dec 31, 2025 | 614.51 Mn |
| Sep 30, 2025 | 562.03 Mn |
| Jun 30, 2025 | 512.32 Mn |
| Mar 31, 2025 | 479.09 Mn |
| Dec 31, 2024 | 459.95 Mn |
| Sep 30, 2024 | 430.08 Mn |
| Jun 30, 2024 | 401.00 Mn |
| Mar 31, 2024 | 378.60 Mn |
| Dec 31, 2023 | 362.47 Mn |
| Sep 30, 2023 | 335.60 Mn |
| Jun 30, 2023 | 308.49 Mn |
| Mar 31, 2023 | 290.18 Mn |
| Dec 31, 2022 | 274.70 Mn |
| Sep 30, 2022 | 253.86 Mn |
| Jun 30, 2022 | 234.52 Mn |
| Mar 31, 2022 | 212.17 Mn |
| Dec 31, 2021 | 193.60 Mn |
| Sep 30, 2021 | 172.35 Mn |
API Access
Cloudflare Revenue 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=revenue&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();