NetApp, Inc. (NTAP) Income Statement
NTAP FY2026 at a glance
Fiscal year ended April 30, 2026 · U.S. dollarsNTAP revenue and net income
Where NTAP's revenue goes
FY2026Each bar shows an amount and its share of revenue. NTAP kept 18.4% of revenue as net income.
NTAP profit margins
NTAP growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.4% | +2.9% | +3.8% | +2.2% |
| Gross profit | +6.2% | +5.2% | +5.1% | +3.8% |
| Operating income | +26.8% | +18.5% | +10.5% | +17.2% |
| Net income | +7.6% | +0.1% | +11.8% | +18.7% |
| EPS (diluted) | +0.6% | +9.4% | +12.5% | +13.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NTAP quarterly EPS vs estimates
NetApp beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 24, 2026 (estimate $2.13).
NTAP income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.92B | $6.57B | $6.27B | $6.36B | $6.32B | $5.74B | $5.41B | $6.15B | $5.91B | $5.52B |
| 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 | $3.70B | $3.39B |
| Research & development | $991.0M | $1.01B | $1.03B | $956.0M | $881.0M | $881.0M | $847.0M | $827.0M | $783.0M | $779.0M |
| Sales, general & admin | $2.21B | $2.18B | $2.14B | $2.09B | $2.14B | $257.0M | $1.85B | $1.94B | $2.01B | $1.90B |
| Total operating expenses | $3.23B | $3.28B | $3.22B | $3.19B | $3.06B | $2.78B | $2.68B | $2.72B | $2.79B | $2.68B |
| Operating income | $1.70B | $1.34B | $1.21B | $1.02B | $1.16B | $1.03B | $945.0M | $1.22B | $1.12B | $665.0M |
| Interest income | $113.0M | $112.0M | $112.0M | $69.0M | $7.0M | $9.0M | $48.0M | $88.0M | $79.0M | $44.0M |
| Interest expense | $81.0M | $64.0M | $64.0M | $67.0M | $73.0M | $74.0M | $55.0M | $58.0M | $62.0M | $52.0M |
| Income before taxes | $1.65B | $1.38B | $1.26B | $1.07B | $1.09B | $962.0M | $944.0M | $1.27B | $1.17B | $665.0M |
| Income taxes | $372.0M | $197.0M | $277.0M | −$208.0M | $158.0M | $232.0M | $125.0M | $99.0M | $1.09B | $156.0M |
| Net income | $1.28B | $1.19B | $986.0M | $1.27B | $937.0M | $730.0M | $819.0M | $1.17B | $76.0M | $509.0M |
| EBITDA | $1.93B | $1.69B | $1.58B | $1.38B | $1.36B | $1.24B | $1.19B | $1.52B | $1.46B | $943.0M |
| EPS (diluted) | $7.31 | $7.27 | $6.47 | $5.59 | $5.29 | $4.05 | $4.09 | $4.52 | $3.47 | $2.74 |
| Gross margin | 70.7% | 70.2% | 70.7% | 66.2% | 66.8% | 66.4% | 66.9% | 64.2% | 62.6% | 61.4% |
| Operating margin | 24.5% | 20.3% | 19.4% | 16.0% | 18.3% | 17.9% | 17.5% | 19.9% | 19.0% | 12.0% |
| Net margin | 18.4% | 18.0% | 15.7% | 20.0% | 14.8% | 12.7% | 15.1% | 19.0% | 1.3% | 9.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $1.95B | $1.71B | $1.71B | $1.56B | $1.73B | $1.64B | $1.66B | $1.54B | $1.67B | $1.61B | $1.56B |
| Cost of revenue | $606.0M | $583.0M | $504.0M | $478.0M | $461.0M | $539.0M | $496.0M | $481.0M | $443.0M | $492.0M | $455.0M | $452.0M |
| Gross profit | $1.42B | $1.36B | $1.21B | $1.23B | $1.10B | $1.19B | $1.15B | $1.18B | $1.10B | $1.18B | $1.15B | $1.11B |
| Research & development | $274.0M | $261.0M | $237.0M | $251.0M | $242.0M | $256.0M | $247.0M | $257.0M | $252.0M | $271.0M | $249.0M | $262.0M |
| Sales, general & admin | $605.0M | $573.0M | $541.0M | $554.0M | $545.0M | $543.0M | $525.0M | $562.0M | $546.0M | $538.0M | $520.0M | $536.0M |
| Total operating expenses | $879.0M | $833.0M | $778.0M | $828.0M | $789.0M | $845.0M | $783.0M | $832.0M | $816.0M | $810.0M | $785.0M | $806.0M |
| Operating income | $541.0M | $531.0M | $431.0M | $399.0M | $309.0M | $348.0M | $362.0M | $345.0M | $282.0M | $366.0M | $366.0M | $304.0M |
| Interest income | $33.0M | $25.0M | $25.0M | $27.0M | $36.0M | $29.0M | $20.0M | $27.0M | $36.0M | $32.0M | $27.0M | $25.0M |
| Interest expense | $29.0M | $28.0M | $26.0M | $26.0M | $29.0M | $21.0M | $12.0M | $15.0M | $16.0M | $16.0M | $17.0M | $15.0M |
| Income before taxes | $484.0M | $518.0M | $433.0M | $393.0M | $304.0M | $354.0M | $370.0M | $360.0M | $299.0M | $380.0M | $382.0M | $315.0M |
| Income taxes | $109.0M | $114.0M | $99.0M | $88.0M | $71.0M | $14.0M | $71.0M | $61.0M | $51.0M | $89.0M | $69.0M | $82.0M |
| Net income | $375.0M | $404.0M | $334.0M | $305.0M | $233.0M | $340.0M | $299.0M | $299.0M | $248.0M | $291.0M | $313.0M | $233.0M |
| EBITDA | $574.0M | $595.0M | $507.0M | $471.0M | $384.0M | $428.0M | $446.0M | $438.0M | $378.0M | $460.0M | $462.0M | $394.0M |
| EPS (diluted) | $2.09 | $2.03 | $1.68 | $2.05 | $1.55 | $1.93 | $1.91 | $1.87 | $1.56 | $1.80 | $1.94 | $1.58 |
| Gross margin | 70.1% | 70.1% | 70.6% | 72.0% | 70.4% | 68.9% | 69.8% | 71.0% | 71.3% | 70.5% | 71.7% | 71.1% |
| Operating margin | 26.7% | 27.3% | 25.2% | 23.4% | 19.8% | 20.1% | 22.1% | 20.8% | 18.3% | 22.0% | 22.8% | 19.5% |
| Net margin | 18.5% | 20.7% | 19.5% | 17.9% | 14.9% | 19.6% | 18.2% | 18.0% | 16.1% | 17.5% | 19.5% | 14.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NTAP's financial statements (latest annual report filed June 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NTAP financial results
In fiscal year 2026 (ended April 30, 2026), NetApp reported revenue of $6.9 billion, up 5.4% from the year before. It had net income of $1.3 billion (up 7.6%), a net profit margin of 18.4%. Diluted earnings per share came to $7.31. Over five years revenue grew at an average rate of 3.8% a year.
See the NTAP stock overview for the latest quote and news, or the NTAP chart for price history and technical indicators.
NTAP income statement FAQ
What is NetApp's annual revenue?
NetApp reported total revenue of $6.9 billion for fiscal year 2026, which ended on April 30, 2026. That was up 5.4% from $6.6 billion the previous year.
Is NetApp profitable?
Yes. NetApp reported net income of $1.3 billion in fiscal 2026, a net profit margin of 18.4%; its operating margin was 24.5%.
What is NetApp's gross margin?
NetApp's gross margin was 70.7% in fiscal 2026: for every $100 of revenue, NetApp kept $71 after the direct cost of its products and services.
How much does NetApp spend on research and development?
NetApp spent $991.0 million on research and development in fiscal 2026, 14.3% of revenue.
How fast is NetApp growing?
Revenue grew 3.8% a year on average over the last five fiscal years, from $5.7 billion to $6.9 billion.
What are NetApp's earnings per share?
NetApp earned $7.31 per diluted share in fiscal 2026, compared with $7.27 a year earlier.
When will NetApp report its next earnings?
NetApp is expected to report results for the quarter ending October 31, 2026 on November 24, 2026.
When does NetApp's fiscal year end?
NetApp's fiscal year ends in April. The latest annual report covers the year ended April 30, 2026 and was filed on June 5, 2026.