TTM
73.3%
YoY change
−2.80pp
Trough year (2016)
71.7%
Peak year (2017)
78.7%
Latest annual
74.5%
Gross Margin history chart for Cloudflare (NET) from 2016 to 2025
Latest: 74.5%
Gross Margin change chart for Cloudflare (NET) from 2016 to 2025
Latest: −2.80pp
Gross Margin history table for Cloudflare (NET) from 2016 to 2025
| 2025 | 74.5% | -2.80pp | ||
| 2024 | 77.3% | +0.99pp | ||
| 2023 | 76.3% | +0.18pp | ||
| 2022 | 76.1% | -1.44pp | ||
| 2021 | 77.6% | +1.03pp | ||
| 2020 | 76.6% | -1.35pp | ||
| 2019 | 77.9% | +0.50pp | ||
| 2018 | 77.4% | -1.26pp | ||
| 2017 | 78.7% | +6.92pp | ||
| 2016 | 71.7% | — |
- 202574.5%-2.80pp
- 202477.3%+0.99pp
- 202376.3%+0.18pp
- 202276.1%-1.44pp
- 202177.6%+1.03pp
- 202076.6%-1.35pp
- 201977.9%+0.50pp
- 201877.4%-1.26pp
- 201778.7%+6.92pp
- 201671.7%—
Gross Margin values are taken from Cloudflare's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Cloudflare (NET)
According to Cloudflare's latest reported financial statements, the company's latest reported gross margin is 73.3%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual gross margin for Cloudflare (NET) came in at 74.51% – contracted 2.8 percentage points year-over-year.
The record annual gross margin stands at 78.66%, reached in 2017; the historical low of 71.74% was recorded in 2016.
Cloudflare Gross Margin by Year
Cloudflare Gross Margin 2025: 74.5%
In 2025, Cloudflare reported gross margin of 74.51%, contracted 2.8 percentage points from 2024.
Cloudflare Gross Margin 2024: 77.3%
Cloudflare gross margin in 2024 was 77.32%, expanded 1.0 percentage points from 2023.
Cloudflare Gross Margin 2023: 76.3%
2023's gross margin for Cloudflare came in at 76.32%, expanded 0.2 percentage points from 2022.
Cloudflare Gross Margin 2022: 76.1%
Cloudflare posted gross margin of 76.15% in 2022, contracted 1.4 percentage points from 2021.
Cloudflare Gross Margin 2021: 77.6%
Cloudflare gross margin in 2021 was 77.59%.
See more financial history for Cloudflare (NET).
Sector peers by Gross Margin
Technology peers of Cloudflare (NET), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
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