Cloudflare (NET) Tax Rate (2018 - 2026)
Cloudflare's (NET) quarterly Tax Rate came in at 7.01% in Q1 2026, down 238.0% year-on-year from 5.08% in Q1 2025, and up 52.82% quarter-over-quarter from 14.86% in Q4 2025.
Cloudflare (NET) Tax Rate (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Tax Rate across 9 years of filings, most recently posting 7.01% for Q1 2026.
- Tax Rate for Q1 2026 came in at 7.01%, down 238.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.15% (down 229.0% YoY), and the FY2025 annual result was 10.31%, up 87.0% from the prior year.
- Tax Rate came in at 7.01% for Q1 2026 at Cloudflare, up from 14.86% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 169.73% in Q3 2025 to a low of 19.57% in Q3 2024.
- The 5-year median for Tax Rate is 5.63% (2023), against an average of 3.43%.
- Across the five-year window, Tax Rate tumbled 1394 bps in 2024 and jumped 18930 bps in 2025, its largest moves.
- Cloudflare's Tax Rate stood at 2.34% in 2022, then plunged by 241 bps to 7.96% in 2023, then plunged by 135 bps to 18.71% in 2024, then climbed by 21 bps to 14.86% in 2025, then jumped by 53 bps to 7.01% in 2026.
- The last three Tax Rate figures came in at 7.01% (Q1 2026), 14.86% (Q4 2025), and 169.73% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 19.22% |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 23.68% |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 15.74% |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 1.37% |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 21.31% |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | -6.22% |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 18.58% |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 18.14% |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -7.01% |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -12.80% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.01% |
| Mar 31, 2026 | -7.01% |
| Dec 31, 2025 | -14.86% |
| Dec 31, 2025 | -14.86% |
| Sep 30, 2025 | 169.73% |
| Sep 30, 2025 | 169.73% |
| Jun 30, 2025 | -6.77% |
| Jun 30, 2025 | -6.77% |
| Mar 31, 2025 | -4.62% |
| Mar 31, 2025 | -4.62% |
| Dec 31, 2024 | -18.71% |
| Dec 31, 2024 | -18.71% |
| Sep 30, 2024 | -19.57% |
| Sep 30, 2024 | -19.57% |
| Jun 30, 2024 | -7.90% |
| Jun 30, 2024 | -7.90% |
| Mar 31, 2024 | -6.82% |
| Mar 31, 2024 | -6.82% |
| Dec 31, 2023 | -7.96% |
| Dec 31, 2023 | -7.96% |