Cloudflare (NET) Tax Rate (2018 - 2026)
Cloudflare (NET) reported Tax Rate of 7.01% for Q1 2026, down 240.0% on a YoY basis from 5.01% in Q1 2025, and up 53.06% sequentially from 14.93% in Q4 2025.
Cloudflare (NET) Tax Rate (2018 - 2026) Analysis & Trends
Cloudflare (NET) has 9 years of Tax Rate data on file, last reported at 7.01% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 240.0% year-over-year to 7.01%; the trailing twelve-month figure through Mar 2026 stood at 12.11% (down 220.0% YoY), and the FY2025 full-year result was 10.31%, up 87.0% from the prior year.
- Tax Rate advanced to 7.01% in Q1 2026, from 14.93% 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 19.5% in Q3 2024.
- A 5-year average of 3.41% and a median of 5.63% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 1387 bps in 2024 and soared 18923 bps in 2025, its largest moves.
- Tracing NET's Tax Rate over 5 years: stood at 2.39% in 2022, then tumbled by 238 bps to 8.09% in 2023, then sank by 131 bps to 18.71% in 2024, then grew by 20 bps to 14.93% in 2025, then surged by 53 bps to 7.01% in 2026.
- Business Quant data shows NET's Tax Rate at 7.01% in Q1 2026, 14.93% in Q4 2025, and 169.73% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 19.22 |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -12.08 |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -10.34 |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 1.37 |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 21.31 |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -6.22 |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 18.58 |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -7.01 |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 18.14 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.01 |
| Mar 31, 2026 | -7.01 |
| Mar 31, 2026 | -7.01 |
| Dec 31, 2025 | -14.93 |
| Dec 31, 2025 | -14.93 |
| Dec 31, 2025 | -14.93 |
| Sep 30, 2025 | 169.73 |
| Sep 30, 2025 | 169.73 |
| Sep 30, 2025 | 169.73 |
| Jun 30, 2025 | -6.68 |
| Jun 30, 2025 | -6.68 |
| Jun 30, 2025 | -6.68 |
| Mar 31, 2025 | -4.61 |
| Mar 31, 2025 | -4.61 |
| Mar 31, 2025 | -4.61 |
| Dec 31, 2024 | -18.71 |
| Dec 31, 2024 | -18.71 |
| Dec 31, 2024 | -18.71 |
| Sep 30, 2024 | -19.50 |
| Sep 30, 2024 | -19.50 |