United States was Cloudflare’s largest region in fiscal 2025, bringing in $1.07B of $2.17B (49%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $515.72M | $678.18M | $849.50M | $1.07B | |||||
| Europe, Middle East, & Africa | $258.29M | $356.57M | $466.50M | $598.62M | |||||
| Asia Pacific | $133.35M | $168.83M | $223.23M | $329.76M | |||||
| Other | $67.88M | $93.17M | $130.39M | $166.56M | |||||
| China | — | — | — | — | |||||
| Total | $975.24M | $1.30B | $1.67B | $2.17B |
Cloudflare brought in $2.17B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 29.8% from $1.67B in fiscal 2024. United States was the largest at $1.07B (49.5%), ahead of Europe, Middle East, & Africa at $598.62M (27.6%) and Asia Pacific at $329.76M (15.2%). The remaining region, Other, brought in $166.56M.
Compared with fiscal 2024, Asia Pacific grew fastest, up 47.7% to $329.76M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $975.24M to $2.17B, a compound annual growth rate of 30.5%. United States' share of the total fell from 52.9% to 49.5%.
Direct Customers was Cloudflare’s largest revenue line in fiscal 2025, bringing in $1.60B of $2.17B (74%).
| Contract with Customer, Sales Channel | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Direct Customers | $852.72M | $1.09B | $1.33B | $1.60B | |||||
| Channel Partners | $122.52M | $202.40M | $337.39M | $568.87M | |||||
| Total | $975.24M | $1.30B | $1.67B | $2.17B |
Cloudflare brought in $2.17B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 29.8% from $1.67B in fiscal 2024. Direct Customers was the largest at $1.60B (73.8%), ahead of Channel Partners at $568.87M (26.2%).
Compared with fiscal 2024, Channel Partners grew 68.6% to $568.87M and Direct Customers grew 20.0% to $1.60B. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $975.24M to $2.17B, a compound annual growth rate of 30.5%. Direct Customers' share of the total fell from 87.4% to 73.8%.
Cloudflare (NET) reports its revenue by geography and by contract with customer, sales channel. In fiscal 2025, United States was its largest region, bringing in $1.07B (49.5% of the total), followed by Europe, Middle East, & Africa at $598.62M (27.6%).
United States was Cloudflare's largest region in fiscal 2025, bringing in $1.07B, or 49.5% of the $2.17B total across its four regions.
Direct Customers was Cloudflare's largest revenue line in fiscal 2025, bringing in $1.60B, or 73.8% of the $2.17B total across its two revenue lines.
Among Cloudflare's regions that make up at least 2% of revenue, Asia Pacific grew fastest in fiscal 2025, up 47.7% from $223.23M to $329.76M.
Every figure comes from Cloudflare's annual financial filings, as reported. Each line keeps the name Cloudflare gives it, and years follow its fiscal calendar.
Cloudflare's revenue by geography goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.