What was Cloudflare's compound annual growth rate (CAGR) since 2022?

Cloudflare's CAGR from 2022 to September 2026 was 24.2% per year. For comparison, the S&P 500 has historically averaged around 10% annually. Cloudflare significantly outperformed traditional equity markets on an annualized basis.

How does Cloudflare compare to the S&P 500 since 2022?

The same $1,000 invested in an S&P 500 index fund in 2022 would be worth approximately $1,723.35 today. Cloudflare outperformed the index by $1,068.66 — 1.62x the return of the S&P 500.

How much of the Cloudflare gain would you keep after taxes?

Sold today, the $1,792.01 gain would be a long-term capital gain for US federal tax. At the 15% rate most people pay, you'd keep about $2,523.21. At the top rate of 23.8% (20% plus the 3.8% net investment income tax) you'd keep about $2,365.51, and lower incomes pay 0%. State tax is extra, and gains inside a Roth IRA aren't taxed.

What is the inflation-adjusted return on $1,000 in Cloudflare since 2022?

Adjusted for cumulative US inflation since 2022, the real purchasing-power value of the Cloudflare position is approximately $2,506.81 in 2022 dollars. Inflation shrinks the gain, but the investment still grew faster than prices.

How did Cloudflare perform in 2022?

Cloudflare fell 66% during 2022, from $126.16 at the start of the year to $43.02 at the start of 2023.

What If You Invested $1,000 in Cloudflare in 2022?

Q: Did Cloudflare pay dividends?

No. Cloudflare paid no dividends over this period, so the whole return came from its share price.

Try your own numbers

If I had putintoat the start of…

it would be worth today

$2,792

+$1,792 profit2.79x24.2% a year

The same $1,000 in an S&P 500 index fund: $1,723

Aftertax on the gain, you’d keep$2,523

US federal long-term rates: 15% for most people, 0% on lower incomes, 20% + 3.8% on high incomes. No state tax included; none inside a Roth IRA.

Compare with

Growth Over Time

Performance Metrics

Total Invested

$1,000.00

Current Value

$2,792.01

Total Profit

$1,792.01

Multiplier

2.79x

CAGR

24.2%

Max Drawdown

-65.9%

Inflation-Adjusted

$2,506.81

Benchmark Comparison

How does $1,000.00 invested in 2022 compare across different asset classes?

Asset	Value Today	Return
Cloudflare	$2,792.01	2.79x
S&P 500	$1,723.35	1.72x
Gold	$2,296.99	2.30x
Savings (2% APY)	$1,098.50	1.10x

Dividends

Cloudflare paid no dividends over this period, so the whole return came from its share price.

Dividends from Yahoo Finance. Shares today assume every dividend was reinvested.

Back in 2022

In September 2022, Cloudflare announced Turnstile, a free tool meant to replace the CAPTCHA puzzles websites use to tell people from bots. techcrunch.com
In 2022, a gallon of gas averaged $3.95, a movie ticket averaged $10.53 and the new iPhone 14 Pro started at $999. eia.gov apple.com indiewire.com
During 2022 itself, Cloudflare fell 66%, #91 of the 112 investments we track. The best was Super Micro Computer (+84%); the worst was Solana (−94%). Full 2022 results →

$1,000 in Cloudflare, year by year

Of the 112 investments we track that were available at the start of 2022, Cloudflare ranks #14 by growth to today — just behind ExxonMobil and ahead of MicroStrategy. See the full 2022 ranking →

Cloudflare started 2022 at its highest start-of-year price up to then, after rising 69% in 2021. It was worth less than the $1,000 put in at the start of 2023, 2024 and 2025, and has been above it since the start of 2026. Today's $2,792 is more than it was worth at any January since. It rose in 3 of the 4 full years since. It moved ahead of the same $1,000 in the S&P 500 at the start of 2026 and has stayed ahead since. Month by month, the deepest fall ran from Jan 2022 ($1,000) to Jun 2022 ($346.74), a drop of 65%. At its lowest month-end, in Jun 2022, it was worth $346.74.

When	Worth	Change	S&P 500
Start of 2022	$1,000	—	$1,000
Start of 2023	$341	−66%	$819
Start of 2024	$629	+84%	$1,034
Start of 2025	$892	+42%	$1,293
Start of 2026	$1,554	+74%	$1,524
Today	$2,792	+80%	$1,723

Values at the start of each year (first trading day for stocks). The S&P 500 column includes reinvested dividends, like the stock values.

Historical Context

At the start of 2022, Cloudflare was priced at $126.16 (adjusted for later splits and dividends). $1,000 would have bought about 7.93 shares. Cloudflare runs a network that speeds up and protects websites. It went public in September 2019.

Measured from one January to the next, Cloudflare's best year since then was 2023 (+84%) and its worst was 2022 (−66%). Holding on wasn't easy: between the start of 2022 and the start of 2023, the position fell 66% from its high.

Frequently Asked Questions

A $1,000 investment in Cloudflare at the start of 2022 would be worth approximately $2,792.01 today — a 2.79x return ($1,792.01 profit) over 4.7 years.

Methodology & Sources

Price data: Historical prices are the closing price on the first trading day of each year, adjusted for splits and dividends (so returns assume dividends were reinvested), from Yahoo Finance and MacroTrends. Current prices come from Yahoo Finance and refresh hourly; if that source is unavailable, the last saved price is used.

Calculation: Assumes a single purchase at the start of 2022 (or the first trading day, for companies that listed that year), held until today. No transaction fees, taxes, or slippage are included.

Benchmarks: The S&P 500 comparison uses the S&P 500 Total Return index (dividends reinvested, like an index fund) at the start of2022 and today. Gold uses the price per troy ounce. Savings account assumes a 2% APY compounded annually.

Inflation adjustment: Uses U.S. CPI-U annual averages from the Bureau of Labor Statistics. The 2026 CPI value is estimated.

Educational purposes only. Past performance does not guarantee future results. Not financial advice.