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 9/30247% above fair value
$265.17−15.53 (-5.53%)
Close on Nov 2, 2026Market cap $94.42BP/E –Yield –
Cloudflare Non-GAAP operating margin: 14.0% in 2025, up 0.2 pts from a year earlier. That is the highest of the 8 years on record here.
Latest, 2025
14.0%
Period ended Dec 31, 2025
Change on a year earlier
+0.2 pts
13.8% in 2024
History
8 years
Since 2018
Sources
6
Documents cited below
Where the 2025 figure comes from
“Non-GAAP operating margin | 14.6% | 14.6% | 14.0% | 13.8%”
Source: Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP operating margin (%) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 14.0% | +0.2 pts | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 13.8% | +4.4 pts | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 9.4% | +5.7 pts | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 3.7% | +4.8 pts | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | -1.1% | +6.8 pts | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2020 | Dec 31, 2020 | -7.9% | +16.9 pts | Cloudflare Form 8-K Earnings Release (FY2020Q4), filed 2021-02-11 ↗ |
| 2019 | Dec 31, 2019 | -24.8% | +4.8 pts | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | -29.6% | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Cite this data
StockData. (2026). Cloudflare Non-GAAP operating margin (%), annual 2018–2025 [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.