Cloudflare (NET) Share-based Compensation (2018 - 2026)
Cloudflare's Share-based Compensation was $159.87 million in Q2 2026, up 30.6% from $122.38 million a year earlier and up 39.9% from the prior quarter.
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Analysis
Cloudflare (NET) Share-based Compensation (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cloudflare's Share-based Compensation was $507.66 million through Jun 30, 2026, up 26.7% year-over-year; for FY2025, it came in at $451.45 million, up 33.4% from FY2024.
- Share-based Compensation has now increased for eight consecutive years, with a five-year compound annual growth rate of 51.6% (FY2020 to FY2025).
- In earlier years, Share-based Compensation was $338.46 million in FY2024 (+23.5%), $273.99 million in FY2023 (+35.1%), $202.78 million in FY2022 (+125.0%) and $90.14 million in FY2021 (+60.0%).
- The Q2 2026 figure marks the highest quarterly Share-based Compensation in data going back to Q4 2018.
- Compared with a year earlier, Share-based Compensation has increased for 23 straight quarters, with growth averaging 28.9% over the last eight quarters.
- The year-over-year growth in Share-based Compensation has ranged between 19.6% (Q1 2026) and 166.8% (Q2 2022) over the last five years.
- Per Business Quant data, NET's Share-based Compensation in the three quarters before Q2 2026 was $114.24 million (Q1 2026), $123.63 million (Q4 2025) and $109.92 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 3.12 Bn |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 498.00 Mn |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 159.87 Mn |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 145.00 Mn |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 102.50 Mn |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 165.00 Mn |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 19.40 Mn |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 94.53 Mn |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 70.20 Mn |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 146.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 159.87 Mn |
| Mar 31, 2026 | 114.24 Mn |
| Dec 31, 2025 | 123.63 Mn |
| Sep 30, 2025 | 109.92 Mn |
| Jun 30, 2025 | 122.38 Mn |
| Mar 31, 2025 | 95.54 Mn |
| Dec 31, 2024 | 94.49 Mn |
| Sep 30, 2024 | 88.26 Mn |
| Jun 30, 2024 | 85.99 Mn |
| Mar 31, 2024 | 69.72 Mn |
| Dec 31, 2023 | 74.42 Mn |
| Sep 30, 2023 | 73.77 Mn |
| Jun 30, 2023 | 68.39 Mn |
| Mar 31, 2023 | 57.40 Mn |
| Dec 31, 2022 | 60.23 Mn |
| Sep 30, 2022 | 53.77 Mn |
| Jun 30, 2022 | 54.82 Mn |
| Mar 31, 2022 | 33.97 Mn |
| Dec 31, 2021 | 28.50 Mn |
| Sep 30, 2021 | 23.05 Mn |
API Access
Cloudflare Share-based Compensation 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=share-based-compensation&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();