CLOUDFLARE, INC. (NET) Operating margin 2017–2025
CLOUDFLARE, INC. (NET) operating margin by fiscal year — reported operating income divided by reported revenue.
-9.6%FY2025 · since FY2017: -7.2% → -9.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -9.6% | -0.3 pp |
| FY2024 | -9.3% | +5.0 pp |
| FY2023 | -14.3% | +6.3 pp |
| FY2022 | -20.6% | -1.2 pp |
| FY2021 | -19.5% | +5.3 pp |
| FY2020 | -24.8% | +12.8 pp |
| FY2019 | -37.6% | +6.5 pp |
| FY2018 | -44.1% | -36.9 pp |
| FY2017 | -7.2% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice