Cloudflare (NET) Selling, General & Administrative (2018 - 2026)
Cloudflare's Selling, General & Administrative came in at $118.91 million for Q2 2026, up 22.6% from $96.99 million a year earlier and up 25.1% from the prior quarter.
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Analysis
Cloudflare (NET) Selling, General & Administrative (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cloudflare reported Selling, General & Administrative of $418.6 million, up 27.9% year-over-year; for FY2025, it came in at $389.31 million, up 39.8% from FY2024.
- Selling, General & Administrative has increased in each of the last six years, with a five-year compound annual growth rate of 33.5% (FY2020 to FY2025).
- Going back by year, Selling, General & Administrative was $278.52 million in FY2024 (+27.8%), $217.97 million in FY2023 (+21.2%), $179.77 million in FY2022 (+50.4%) and $119.5 million in FY2021 (+30.2%).
- The Q2 2026 figure represents the highest quarterly Selling, General & Administrative in data going back to Q3 2018.
- Year-over-year, Selling, General & Administrative has increased for 23 consecutive quarters, with growth averaging 29.3% over the last eight quarters.
- The year-over-year growth in Selling, General & Administrative has ranged between 5.2% (Q2 2023) and 74.6% (Q2 2022) over the last five years.
- Business Quant data shows NET's Selling, General & Administrative at $95.02 million (Q1 2026), $108.76 million (Q4 2025) and $95.91 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,833.59 Bn | 3,756.75 Bn | 60.48 Bn | 2.29 Bn |
| 2 | International Business Machines | 212.47 Bn | 163.37 Bn | 9.91 Bn | 4.98 Bn |
| 3 | Cloudflare | 112.40 Bn | 95.93 Bn | 499.52 Mn | 118.91 Mn |
| 4 | Equinix | 99.47 Bn | 88.02 Bn | 1.40 Bn | 462.00 Mn |
| 5 | Nebius | 60.05 Bn | 33.48 Bn | 448.70 Mn | 173.90 Mn |
| 6 | CoreWeave | 48.26 Bn | 35.35 Bn | 1.70 Bn | 178.00 Mn |
| 7 | Verisign | 25.97 Bn | 23.18 Bn | 384.60 Mn | 60.80 Mn |
| 8 | Nutanix | 18.41 Bn | 10.09 Bn | 651.35 Mn | 72.41 Mn |
| 9 | Akamai Technologies | 16.36 Bn | 9.77 Bn | 613.75 Mn | 187.69 Mn |
| 10 | DigitalOcean Holdings | 14.67 Bn | 12.67 Bn | 154.66 Mn | 45.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 118.91 Mn |
| Mar 31, 2026 | 95.02 Mn |
| Dec 31, 2025 | 108.76 Mn |
| Sep 30, 2025 | 95.91 Mn |
| Jun 30, 2025 | 96.99 Mn |
| Mar 31, 2025 | 87.66 Mn |
| Dec 31, 2024 | 73.80 Mn |
| Sep 30, 2024 | 68.78 Mn |
| Jun 30, 2024 | 69.64 Mn |
| Mar 31, 2024 | 66.31 Mn |
| Dec 31, 2023 | 60.40 Mn |
| Sep 30, 2023 | 55.94 Mn |
| Jun 30, 2023 | 53.15 Mn |
| Mar 31, 2023 | 48.48 Mn |
| Dec 31, 2022 | 45.85 Mn |
| Sep 30, 2022 | 45.37 Mn |
| Jun 30, 2022 | 50.52 Mn |
| Mar 31, 2022 | 38.03 Mn |
| Dec 31, 2021 | 34.18 Mn |
| Sep 30, 2021 | 28.67 Mn |
API Access
Cloudflare Selling, General & Administrative 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=selling-general-and-administrative&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "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=selling-general-and-administrative&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();