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 Operating cash flow margin (% of revenue) by Year
Operating cash flow margin (% of revenue) (%)
Cloudflare Operating cash flow margin (% of revenue): 28.0% in 2025, up 5.0 pts from a year earlier. That is the highest of the 8 years on record here.
Latest, 2025
28.0%
Period ended Dec 31, 2025
Change on a year earlier
+5.0 pts
23.0% in 2024
History
8 years
Since 2018
Sources
6
Documents cited below
Where the 2025 figure comes from
“Net cash provided by operating activities (percentage of revenue) | 31 | % | 28 | % | 28 | % | 23 | %”
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 | Operating cash flow margin (% of revenue) (%) | Year on year | Source |
|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 28.0% | +5.0 pts | Cloudflare Form 8-K Earnings Release (FY2025Q4), filed 2026-02-10 ↗ |
| 2024 | Dec 31, 2024 | 23.0% | +3.0 pts | Cloudflare Form 8-K Earnings Release (FY2024Q4), filed 2025-02-06 ↗ |
| 2023 | Dec 31, 2023 | 20.0% | +7.0 pts | Cloudflare Form 8-K Earnings Release (FY2023Q4), filed 2024-02-08 ↗ |
| 2022 | Dec 31, 2022 | 13.0% | +3.0 pts | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2021 | Dec 31, 2021 | 10.0% | +14.0 pts | Cloudflare Form 8-K Earnings Release (FY2022Q4), filed 2023-02-09 ↗ |
| 2020 | Dec 31, 2020 | -4.0% | +10.0 pts | Cloudflare Form 8-K Earnings Release (FY2020Q4), filed 2021-02-11 ↗ |
| 2019 | Dec 31, 2019 | -14.0% | +8.0 pts | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
| 2018 | Dec 31, 2018 | -22.0% | – | Cloudflare Form 8-K Earnings Release (FY2019Q4), filed 2020-02-13 ↗ |
Cite this data
StockData. (2026). Cloudflare Operating cash flow margin (% of revenue) (%), annual 2018–2025 [Data set]. Compiled from Cloudflare SEC filings and investor materials. https://stockdatahq.com/stocks/net/kpis/ocf-margin
See every metric in the Cloudflare KPI table. Data updated Nov 1, 2026.