Cloudflare (NET) Tax Rate (2018 - 2026)
Cloudflare's (NET) quarterly Tax Rate came in at 1.22% in Q2 2026, up 555.0% year-over-year from 0.19% in Q2 2025, and up 82.96% quarter-over-quarter from 7.13% in Q1 2026.
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Analysis
Cloudflare (NET) Tax Rate (2018 - 2026) Analysis & Trends
Cloudflare has disclosed Tax Rate across 9 years of filings, most recently posting 1.22% for Q2 2026.
- In Q2 2026, Tax Rate rose 555.0% year-over-year to 1.22%; the TTM figure through Jun 2026 stood at 4.18% (up 456.0% YoY), while the FY2025 annual figure was 10.31%, up 87.0% from the prior year.
- Tax Rate came in at 1.22% for Q2 2026 at Cloudflare, up from 7.13% 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.
- Average Tax Rate over 5 years is 3.14%, with a median of 5.23% recorded in 2023.
- Year-over-year, Tax Rate tumbled 1373 bps in 2024 and surged 18930 bps in 2025.
- Over 5 years, Tax Rate stood at 2.34% in 2022, then slumped by 241 bps to 7.96% in 2023, then sank by 132 bps to 18.49% in 2024, then gained by 20 bps to 14.86% in 2025, then jumped by 92 bps to 1.22% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 1.22% in Q2 2026, 7.13% in Q1 2026, and 14.86% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 24.84% |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 12.63% |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -1.22% |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 8.80% |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -2,014.71% |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -10.99% |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 23.12% |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | -1,434.96% |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 20.62% |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | -30.56% |
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% |
API Access
Cloudflare Tax Rate 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=tax-rate&ticker=NET&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=NET&period=max&api_key=YOUR_API_KEY");
const data = await res.json();