All currency values in $ millions unless otherwise noted
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| Income Statement | TTM | APR 2026 | APR 2025 | APR 2024 | APR 2023 | APR 2022 |
|---|---|---|---|---|---|---|
| Revenues | ||||||
| Revenue | $6,658 | $6,237 | $5,907 | $5,657 | $6,362 | $6,318 |
| Cost of Revenue | $2,171 | $2,026 | $1,959 | $1,835 | $2,153 | $2,098 |
| Gross Profit | $5,220 | $4,899 | $4,613 | $4,433 | $4,209 | $4,220 |
| Operating Expenses | ||||||
| Selling & Marketing | $1,915 | $1,869 | $1,865 | $1,828 | $1,829 | $1,857 |
| General & Administrative | $358 | $344 | $311 | $308 | $265 | $279 |
| Research & Development | $1,023 | $991 | $1,012 | $1,029 | $956 | $881 |
| Other Operating Expenses | – | -$26 | $46 | $49 | – | – |
| Total Operating Expenses | $3,371 | $3,225 | $3,276 | $3,219 | $3,191 | $3,063 |
| Operating Income | $1,849 | $1,674 | $1,337 | $1,214 | $1,018 | $1,157 |
| Non-Operating | ||||||
| Net Interest Expense | – | $4 | $48 | $48 | $2 | -$66 |
| Other Non-Operating Income (Expense) | -$21 | -$30 | -$2 | $1 | $46 | $4 |
| EBT (Earnings Before Tax) | $1,828 | $1,648 | $1,383 | $1,263 | $1,066 | $1,095 |
| Income Tax Expense | $410 | $372 | $197 | $277 | -$208 | $158 |
| Net Income | ||||||
| Net Income | $1,418 | $1,276 | $1,186 | $986 | $1,274 | $937 |
| Per Share Data | ||||||
| Revenue Per Share | $33.29 | $31.03 | $28.26 | $26.56 | $28.92 | $27.59 |
| EPS (Basic) | $7.16 | $6.41 | $5.81 | $4.74 | $5.87 | $4.20 |
| EPS (Diluted) | $7.08 | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 |
| Weighted Avg Shares (Basic) | 196.0M | 199.0M | 204.0M | 208.0M | 217.0M | 223.0M |
| Weighted Avg Shares (Diluted) | 200.0M | 201.0M | 209.0M | 213.0M | 220.0M | 229.0M |
| Shares Outstanding | 200.0M | 201.0M | 209.0M | 213.0M | 220.0M | 229.0M |
| Dividends Per Share | $2.08 | $2.08 | $2.08 | $2.00 | $2.00 | $2.00 |
NetApp (NTAP) financials: revenue, profit and margins
NetApp (NTAP) generated about $6.7 billion in revenue and $1.4 billion in net income (a 21.3% net margin) over the trailing twelve months, growing at roughly 1.7% a year. Figures are from SEC filings; this is analysis, not investment advice.
Frequently asked
What is NetApp's (NTAP) revenue?+
NetApp generated about $6.7 billion in revenue over the trailing twelve months. Revenue has grown at roughly 1.7% a year over the past five years. Revenue is the top line, before any costs; what matters for value is how much of it survives to free cash flow. The full income statement, balance sheet and cash-flow statement are on this tab.
Is NetApp profitable?+
Yes, NetApp reported about $1.4 billion in net income over the trailing twelve months, a net profit margin of roughly 21.3%. Net income is the bottom line after all costs, interest and taxes. Compare it to free cash flow on this tab, since reported profit and actual cash generated can diverge.
What are NetApp's profit margins?+
NetApp runs a gross margin of about 78.4%, an operating margin of about 27.8%, a net margin of about 21.3%. Margins show how much of each sales dollar a company keeps at each stage. Stable or rising margins usually signal pricing power and cost discipline; falling margins are worth investigating. See the multi-year trend on this tab.
How fast is NetApp growing?+
NetApp's revenue has compounded at roughly 1.7% a year over the past five years. Growth only creates value when it is profitable and cash-generative, so read this rate alongside NTAP's margins and free cash flow. This is analysis from SEC filings, not investment advice.
SourceFinancial statements computed from the 10-Q filed 28 Aug 2026, covering the period ending 31 Jul 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Fiscal year ends Apr.
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NTAP is in 364 US ETFs. The largest of them, with NTAP's weight in each:
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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