Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of -14.11% is in line with its 5-year average of -14.88%, around the middle of its 5-year range (-29.55%–-6.67%).
5.22% below its 12-month average of -13.41%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): -29.55%.
OPERATING MARGIN
-14.11%
OPERATING MARGIN AVG TTM
-13.41%
OPERATING MARGIN AVG 3Y
-10.67%
OPERATING MARGIN AVG 5Y
-14.88%
OPERATING MARGIN AVG 10Y
N/A
OPERATING MARGIN AVG 15Y
N/A
OPERATING MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
-5.22%
CURRENT VS 3Y AVG
-32.19%
CURRENT VS 5Y AVG
+5.15%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
14.00%
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
-200.79%
vs the sector median at left
Cloudflare, Inc.
Market Cap
$111.50B
Operating Margin
-14.11%
TTM Avg
-13.41%
3Y Avg
-10.67%
5Y Avg
-14.88%
Market Cap
$114.89B
Operating Margin
-22.76%
TTM Avg
-35.39%
3Y Avg
-37.64%
5Y Avg
-50.18%
Market Cap
$115.35B
Operating Margin
32.43%
TTM Avg
30.45%
3Y Avg
26.56%
5Y Avg
24.37%
Market Cap
$106.02B
Operating Margin
18.58%
TTM Avg
22.45%
3Y Avg
23.91%
5Y Avg
23.48%
Market Cap
$102.48B
Operating Margin
77.44%
TTM Avg
67.51%
3Y Avg
43.81%
5Y Avg
29.39%
Market Cap
$90.59B
Operating Margin
9.76%
TTM Avg
7.31%
3Y Avg
8.46%
5Y Avg
8.72%
Market Cap
$135.55B
Operating Margin
11.40%
TTM Avg
13.08%
3Y Avg
9.89%
5Y Avg
8.05%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cloudflare, Inc. (NET) | $111.50B | -14.11% | -13.41% | -10.67% | -14.88% |
| Snowflake Inc. (SNOW)vs › | $114.89B | -22.76% | -35.39% | -37.64% | -50.18% |
| Fortinet, Inc. (FTNT)vs › | $115.35B | 32.43% | 30.45% | 26.56% | 24.37% |
| Accenture plc (ACN)vs › | $107.58B | 14.87% | 14.73% | 14.61% | 14.70% |
| Automatic Data Processing, Inc. (ADP)vs › | $106.02B | 18.58% | 22.45% | 23.91% | 23.48% |
| AppLovin Corporation (APP)vs › | $102.48B | 77.44% | 67.51% | 43.81% | 29.39% |
| Adobe Inc. (ADBE)vs › | $101.31B | 36.07% | 33.99% | 34.22% | 34.73% |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $90.59B | 9.76% | 7.31% | 8.46% | 8.72% |
| ServiceNow, Inc. (NOW)vs › | $135.55B | 11.40% | 13.08% | 9.89% | 8.05% |
| Intuit Inc. (INTU)vs › | $85.87B | 27.43% | 26.79% | 24.43% | 23.98% |
Gross Margin
72.6%
Operating Margin
-14.1%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | -29.55% |
| 2026-03-31 | -9.69% |
| 2025-12-31 | -8.01% |
| 2025-09-30 | -6.67% |
| 2025-06-30 | -13.13% |
| 2025-03-31 | -11.11% |
| 2024-12-31 | -7.55% |
| 2024-09-30 | -7.16% |
| 2024-06-30 | -8.65% |
| 2024-03-31 | -14.41% |
| 2023-12-31 | -11.82% |
| 2023-09-30 | -11.68% |
| 2023-06-30 | -18.21% |
| 2023-03-31 | -16.29% |
| 2022-12-31 | -18.45% |
| 2022-09-30 | -18.10% |
| 2022-06-30 | -27.52% |
| 2022-03-31 | -18.86% |
| 2021-12-31 | -21.21% |
| 2021-09-30 | -15.37% |
| 2021-06-30 | -18.94% |
| 2021-03-31 | -22.64% |
| 2020-12-31 | -19.65% |
| 2020-09-30 | -18.62% |
| 2020-06-30 | -24.77% |
| 2020-03-31 | -39.53% |
| 2019-12-31 | -35.67% |
| 2019-09-30 | -55.57% |
| 2019-06-30 | -29.32% |
| 2019-03-31 | -27.78% |
| 2018-12-31 | -30.80% |
| 2018-09-30 | -72.83% |
| 2018-06-30 | -45.24% |
| 2018-03-31 | -25.95% |
