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Cloudflare, Inc.

NETNYSEServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 9/30268% above fair value
$265.17−15.53 (-5.53%)

Close on Nov 2, 2026Market cap $94.42BP/E –Yield –

Cloudflare Non-GAAP operating margin by Quarter

Non-GAAP operating margin (%) (%)

Cloudflare Non-GAAP operating margin: 13.8% in Q2 2026, down 0.3 pts from a year earlier.

Latest, Q2 2026
13.8%
Period ended Jun 30, 2026
Change on a year earlier
-0.3 pts
14.1% in Q2 2025
History
28 quarters
Since Q4 2018
Sources
13
Documents cited below

Where the Q2 2026 figure comes from

“Non-GAAP operating margin 14.8% 14.6% 11.7% 14.1% 15.3% 14.6% 11.4% 13.8%”

Source: Cloudflare Supplemental Financial Information (FY2026Q2) ↗

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNon-GAAP operating margin (%) (%)Year on yearSource
Q2 2026Jun 30, 202613.8%-0.3 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2026Mar 31, 202611.4%-0.3 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2025Dec 31, 202514.6%0.0 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2025Sep 30, 202515.3%+0.5 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2025Jun 30, 202514.1%-0.1 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q1 2025Mar 31, 202511.7%+0.5 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q4 2024Dec 31, 202414.6%+3.6 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q3 2024Sep 30, 202414.8%+2.1 ptsCloudflare Supplemental Financial Information (FY2026Q2) ↗
Q2 2024Jun 30, 202414.2%+7.6 ptsCloudflare Supplemental Financial Information (FY2026Q1) ↗
Q1 2024Mar 31, 202411.2%+4.5 ptsCloudflare Supplemental Financial Information (FY2025Q4) ↗
Q4 2023Dec 31, 202311.0%+4.9 ptsCloudflare Supplemental Financial Information (FY2025Q2) ↗
Q3 2023Sep 30, 202312.7%+6.9 ptsCloudflare Supplemental Financial Information (FY2025Q2) ↗
Q2 2023Jun 30, 20236.6%+7.0 ptsCloudflare Supplemental Financial Information (FY2025Q1) ↗
Q1 2023Mar 31, 20236.7%+4.4 ptsCloudflare Supplemental Financial Information (FY2024Q4) ↗
Q4 2022Dec 31, 20226.1%+4.9 ptsCloudflare Supplemental Financial Information (FY2024Q3) ↗
Q3 2022Sep 30, 20225.8%+4.5 ptsCloudflare Supplemental Financial Information (FY2024Q2) ↗

Cite this data

StockData. (2026). Cloudflare Non-GAAP operating margin (%), quarterly Q4 2018–Q2 2026 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ng-opm-pct

See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.