The Rebecca Ledger

All companies · US · fiscal 2025

Cloudflare

387times · chief executive pay ÷ median employee pay verified

It would take Cloudflare's median employee 387 years to earn what its chief executive earned in one. That is above the 312 to 1 average across the S&P 500 in 2025.

Show the evidence
Source
Cloudflare, SEC Form 10-K/A, filed 2026 — open the filing
Chief executive total compensation verified
$60,551,052 — Matthew Prince, as reported in the Summary Compensation Table
Median employee total compensation verified
$156,306 — global median, all employee types
Ratio verified
$60,551,052 ÷ $156,306 = 387. This ratio is disclosed by the company itself in the filing.
Retrieved
2026-09-07
Methodology caution
SEC rules let each company choose how it identifies its median employee — whether part-time and seasonal pay is annualized, which countries are included. Ratios are exact within a company and approximate between companies. Full methodology.

The numbers

$60,551,052
Chief executive verified
Matthew Prince, fiscal 2025 total compensation
$156,306
Median employee verified
global median, all employee types
387:1
Ratio verified
S&P 500 average is 312:1
24
Pay Fairness score calculated
0–100, from the ratio alone. Formula
Employee ownership insufficient data
Not disclosed. No company on the ledger yet publishes what share of its stock is held by rank-and-file employees. That silence is itself the finding.
Buybacks & net income insufficient data
Not yet collected for this company. Want to add it? Take the Rebecca Challenge.

What 20 to 1 would look like proposal

This is a Rebecca Ledger model, not a prediction and not something the company has said or done. It caps chief-executive pay at twenty times this company's own median employee, and changes nothing else.

Chief executive today verified$60,551,052
Under a 20× cap proposal$3,126,120 (20 × $156,306)
Difference calculated$57,424,932
What the difference equals calculatedabout 367 more employees paid at this company's own median

The arithmetic is the whole model: one year of the difference, divided by one median salary. It assumes nothing about taxes, share price, or whether the company would do it. It is meant to make a large number legible, not to predict a decision.

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