Cloudflare (NET) Tax Rate (2018 - 2026)
Cloudflare (NET) posted Tax Rate of 7.01% for Q1 2026, up 53.06% sequentially from 14.93% in Q4 2025, and down 240.0% YoY from 5.01% in Q1 2025.
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Analysis
Cloudflare (NET) Tax Rate (2018 - 2026) Analysis & Trends
Cloudflare has reported Tax Rate for 9 years, with the latest figure at 7.01% in Q1 2026.
- Quarterly Tax Rate fell 240.0% year-over-year to 7.01% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.11% (down 220.0% YoY) and the FY2025 annual result came in at 10.31%, up 87.0% from the prior year.
- Tax Rate advanced to 7.01% in Q1 2026 per NET's latest filing, from 14.93% in the prior quarter.
- Over five years, Tax Rate peaked at 169.73% in Q3 2025 and troughed at 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.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 1387 bps in 2024, then surged 18923 bps in 2025.
- Over 5 years, Tax Rate stood at 2.39% in 2022, then slumped by 238 bps to 8.09% in 2023, then plunged by 131 bps to 18.71% in 2024, then gained by 20 bps to 14.93% in 2025, then surged by 53 bps to 7.01% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 7.01%, 14.93%, and 169.73% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,713.76 Bn | 3,581.01 Bn | 60.48 Bn | 24.84% |
| 2 | Oracle | 450.04 Bn | 418.14 Bn | - | 50.36% |
| 3 | Palantir Technologies | 418.31 Bn | 408.90 Bn | 1.64 Bn | 1.42% |
| 4 | Palo Alto Networks | 267.65 Bn | 264.54 Bn | 2.03 Bn | -13.46% |
| 5 | CrowdStrike Holdings | 216.60 Bn | 211.59 Bn | 1.10 Bn | -35.60% |
| 6 | Fortinet | 114.71 Bn | 110.64 Bn | 1.64 Bn | 15.97% |
| 7 | Cloudflare | 99.23 Bn | 95.07 Bn | 499.52 Mn | -1.22% |
| 8 | Synopsys | 75.15 Bn | 71.55 Bn | 1.80 Bn | 20.21% |
| 9 | Block | 49.78 Bn | 43.36 Bn | 3.17 Bn | 71.11% |
| 10 | CoreWeave | 48.53 Bn | 42.99 Bn | 1.70 Bn | -10.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1.22% |
| Mar 31, 2026 | -7.13% |
| Dec 31, 2025 | -14.86% |
| Sep 30, 2025 | 169.73% |
| Jun 30, 2025 | -6.77% |
| Mar 31, 2025 | -4.62% |
| Dec 31, 2024 | -18.49% |
| Sep 30, 2024 | -19.57% |
| Jun 30, 2024 | -8.23% |
| Mar 31, 2024 | -6.91% |
| Dec 31, 2023 | -7.96% |
| Sep 30, 2023 | -5.83% |
| Jun 30, 2023 | -1.61% |
| Mar 31, 2023 | -3.57% |
| Dec 31, 2022 | -2.34% |
| Sep 30, 2022 | -3.40% |
| Jun 30, 2022 | 0.31% |
| Mar 31, 2022 | -0.98% |
| Dec 31, 2021 | -36.13% |
| Sep 30, 2021 | 2.81% |