NetApp Financial Statements
NASDAQ: NTAPTechnologyElectronic ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
NetApp revenue and earnings
In fiscal 2026, NetApp generated $6.24 billion in revenue, up 5.6% from fiscal 2025, its 2nd consecutive year of revenue growth. Net income was $1.28 billion (+7.6% year over year), for a net margin of 20.5% versus a median of 17.4% in the prior 5 years. Gross margin was 78.5% (up from 78.1%) and operating margin 26.8%.
Diluted earnings per share came in at $6.35, up from $5.67. Over the last 5 fiscal years, NTAP's revenue has grown at a 1.7% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
NetApp income statement (annual)
| Fiscal year (USD) | FY 20262026-04-24 | FY 20252025-04-25 | FY 20242024-04-26 | FY 20232023-04-28 | FY 20222022-04-29 | FY 20212021-04-30 | FY 20202020-04-24 | FY 20192019-04-26 | FY 20182018-04-27 | FY 20172017-04-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.24B | 5.91B | 5.66B | 6.36B | 6.32B | 5.74B | 5.41B | 6.15B | 5.92B | 5.49B |
| Revenue growth (YoY) | +5.59% | +4.42% | -11.08% | +0.70% | +9.99% | +6.13% | -11.94% | +3.84% | +7.79% | -0.99% |
| Cost of Revenue | 2.03B | 1.96B | 1.83B | 2.15B | 2.10B | 1.93B | 1.79B | 2.20B | 2.21B | 2.13B |
| Gross Profit | 4.90B | 4.61B | 4.43B | 4.21B | 4.22B | 3.81B | 3.62B | 3.94B | 3.71B | 3.36B |
| Operating Expenses | 3.23B | 3.28B | 3.22B | 3.19B | 3.06B | 2.78B | 2.68B | 2.72B | 2.55B | 2.74B |
| Research & Development | 991.00M | 1.01B | 1.03B | 956.00M | 881.00M | 881.00M | 847.00M | 827.00M | 783.00M | 779.00M |
| Selling, General & Admin | 2.21B | 2.18B | 2.14B | 2.09B | 2.14B | 2.00B | 1.85B | 1.94B | 1.99B | 1.92B |
| Operating Income | 1.67B | 1.34B | 1.21B | 1.02B | 1.16B | 1.03B | 945.00M | 1.22B | 1.16B | 621.00M |
| Interest Expense | 109.00M | 64.00M | 64.00M | 67.00M | 73.00M | 74.00M | 55.00M | 58.00M | 62.00M | 52.00M |
| Other Income (Expense) | -26.00M | 46.00M | 49.00M | 48.00M | -62.00M | -69.00M | -1.00M | 47.00M | 41.00M | 0 |
| Pretax Income | 1.65B | 1.38B | 1.26B | 1.07B | 1.09B | 962.00M | 944.00M | 1.27B | 1.20B | 621.00M |
| Income Tax | 372.00M | 197.00M | 277.00M | -208.00M | 158.00M | 232.00M | 125.00M | 99.00M | 1.08B | 140.00M |
| Net Income | 1.28B | 1.19B | 986.00M | 1.27B | 937.00M | 730.00M | 819.00M | 1.17B | 116.00M | 481.00M |
| Net Income growth (YoY) | +7.59% | +20.28% | -22.61% | +35.97% | +28.36% | -10.87% | -29.94% | +907.76% | -75.88% | +110.04% |
| EPS (Basic) | 6.41 | 5.81 | 4.74 | 5.87 | 4.20 | 3.29 | 3.56 | 4.60 | 0.43 | 1.75 |
| EPS (Diluted) | 6.35 | 5.67 | 4.63 | 5.79 | 4.09 | 3.23 | 3.52 | 4.51 | 0.42 | 1.71 |
| Shares Outstanding (Basic) | 199.00M | 204.00M | 208.00M | 217.00M | 223.00M | 222.00M | 230.00M | 254.00M | 268.00M | 275.00M |
| Shares Outstanding (Diluted) | 201.00M | 209.00M | 213.00M | 220.00M | 229.00M | 226.00M | 233.00M | 259.00M | 276.00M | 281.00M |
| EBITDA | 1.85B | 1.53B | 1.41B | 1.20B | 1.30B | 1.19B | 1.10B | 1.37B | 1.30B | 799.00M |
| Gross Margin | 78.55% | 78.09% | 78.36% | 66.16% | 66.79% | 66.42% | 66.94% | 64.19% | 62.66% | 61.26% |
| Operating Margin | 26.84% | 22.63% | 21.46% | 16.00% | 18.31% | 17.95% | 17.46% | 19.87% | 19.56% | 11.31% |
| Net Margin | 20.46% | 20.08% | 17.43% | 20.03% | 14.83% | 12.71% | 15.13% | 19.02% | 1.96% | 8.76% |
This table shows 10 annual periods of NetApp's income statement, from FY 2026 back to FY 2017, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NTAP's reporting calendar. What is a income statement?