NetApp (NTAP) Financial Statements & Analysis

NetApp (NTAP) Income Statement

NetApp reported revenue of $6.92B in fiscal 2026 (fiscal year ended Apr 30, 2026), up 5.4% from $6.57B a year earlier. Net income was $1.28B, up 7.6% year over year, a net margin of 18.4%. Gross margin was 70.7% and operating margin 24.5%. In the most recent quarter, Q1 fiscal 2027 (ended Jul 31, 2026), revenue was $2.02B, up 29.9% from the same quarter a year earlier.

NetApp Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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NetApp, Inc. income statement - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Revenue & Gross Profit
Revenue	6.93	6.57	6.27	6.36	6.32	5.74	5.41	6.15	5.91	5.52
Cost of Revenue	2.03	1.96	1.84	2.15	2.10	1.93	1.79	2.20	2.21	2.13
Gross Profit	4.90	4.61	4.43	4.21	4.22	3.82	3.62	3.95	3.70	3.39
Operating Expenses
Research & Development	0.99	1.01	1.03	0.96	0.88	0.88	0.85	0.83	0.78	0.78
Selling, General & Administrative	2.21	2.18	2.14	2.09	2.14	2.00	1.85	1.94	2.01	1.90
Operating Expenses	3.23	3.19	3.22	3.05	3.02	2.78	2.68	2.72	2.79	2.68
Operating Income	1.70	1.43	1.21	1.16	1.20	1.03	0.95	1.22	1.13	0.67
Other Income/Expense
Interest Income	0.09	0.11	0.11	0.07	0.01	0.01	0.05	0.09	0.08	0.04
Interest Expense	0.08	0.06	0.06	0.07	0.07	0.07	0.06	0.06	0.06	0.05
Other Income/Expense	-0.05	-0.09	0.05	-0.10	-0.04	-0.07	0.00	0.05	0.04	0.00
Income
Income Before Tax	1.65	1.38	1.26	1.07	1.10	0.96	0.94	1.27	1.17	0.67
Income Tax Expense	0.37	0.20	0.28	-0.21	0.16	0.23	0.13	0.10	1.09	0.16
Net Income	1.28	1.19	0.99	1.27	0.94	0.73	0.82	1.17	0.08	0.51
Net Income - Continuous Operations	1.28	1.19	0.99	1.27	0.94	0.73	0.82	1.17	0.08	0.51
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	1.93	1.69	1.58	1.38	1.36	1.30	1.24	1.52	1.46	0.94
EBIT	1.76	1.45	1.33	1.13	1.17	1.03	-	-	-	-
Depreciation & Amortization	0.20	0.24	0.26	0.25	0.19	0.26	0.24	0.20	0.20	0.23
Earnings Per Share
Basic EPS	6.00	6.00	5.00	6.00	4.00	3.00	4.00	5.00	-	2.00
Diluted EPS	6.00	6.00	5.00	6.00	4.00	3.00	4.00	5.00	-	2.00
Basic Shares Outstanding	0.20	0.20	0.21	0.22	0.22	0.22	0.23	0.25	0.27	0.28
Diluted Shares Outstanding	0.20	0.21	0.21	0.22	0.23	0.23	0.23	0.26	0.28	0.28

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About NetApp Financial Statements

What was NetApp's revenue in fiscal 2026?

NetApp reported revenue of $6.92B in fiscal 2026 (fiscal year ended Apr 30, 2026). That was up 5.4% from $6.57B a year earlier.

Is NetApp profitable?

Yes. NetApp earned net income of $1.28B in fiscal 2026, a net margin of 18.4%. In fiscal 2025 it earned $1.19B.

What is NetApp's operating margin?

NetApp's operating income was $1.70B on revenue of $6.92B in fiscal 2026, an operating margin of 24.5%, compared with 21.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition