NTAP
NetApp Inc
NASDAQ: NTAP · TECHNOLOGY · SOFTWARE - INFRASTRUCTURE
$108.65
+0.34% today
Updated 2026-04-29
Market cap
$21.52B
P/E ratio
18.23
P/S ratio
3.21x
EPS (TTM)
$5.96
Dividend yield
1.92%
52W range
$89 – $125
Volume
2.3M
NetApp Inc (NTAP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.07B | $2.80B | $3.30B | $3.41B | $3.93B | $5.12B | $6.23B | $6.33B | $6.33B | $6.12B | $5.55B | $5.52B | $5.91B | $6.15B | $5.41B | $5.74B | $6.32B | $6.36B | $6.27B | $6.57B |
| Revenue growth (YoY) | — | +35.7% | +17.8% | +3.1% | +15.4% | +30.3% | +21.7% | +1.6% | -0.1% | -3.2% | -9.4% | -0.5% | +7.1% | +4.0% | -11.9% | +6.1% | +10.0% | +0.7% | -1.5% | +4.9% |
| Cost of revenue | $810.00M | $1.10B | $1.29B | $1.42B | $1.41B | $1.79B | $2.52B | $2.57B | $2.41B | $2.29B | $2.17B | $2.13B | $2.21B | $2.20B | $1.79B | $1.93B | $2.10B | $2.15B | $1.83B | $1.96B |
| Gross profit | $1.26B | $1.70B | $2.01B | $1.99B | $2.52B | $3.33B | $3.71B | $3.76B | $3.92B | $3.83B | $3.37B | $3.39B | $3.70B | $3.94B | $3.62B | $3.81B | $4.22B | $4.21B | $4.43B | $4.61B |
| Gross margin | 60.8% | 60.8% | 61.0% | 58.4% | 64.1% | 65.0% | 59.6% | 59.4% | 62.0% | 62.6% | 60.8% | 61.4% | 62.6% | 64.2% | 66.9% | 66.4% | 66.8% | 66.2% | 70.7% | 70.2% |
| R&D | $242.99M | $385.36M | $452.20M | $498.50M | $535.70M | $648.60M | $828.20M | $904.20M | $917.30M | $919.30M | $861.00M | $779.00M | $783.00M | $827.00M | $847.00M | $881.00M | $881.00M | $956.00M | $1.03B | $1.01B |
| SG&A | $91.85M | $147.50M | $171.54M | $203.70M | $238.80M | $251.30M | $264.90M | $272.60M | $281.00M | $284.20M | $307.00M | $271.00M | $280.00M | $278.00M | $263.00M | $257.00M | $279.00M | $265.00M | $308.00M | $311.00M |
| Operating income | $308.29M | $301.24M | $313.60M | $47.17M | $488.40M | $824.30M | $746.50M | $607.80M | $734.30M | $716.50M | $348.00M | $665.00M | $1.13B | $1.22B | $945.00M | $1.03B | $1.16B | $1.02B | $1.21B | $1.34B |
| Operating margin | 14.9% | 10.7% | 9.5% | 1.4% | 12.4% | 16.1% | 12.0% | 9.6% | 11.6% | 11.7% | 6.3% | 12.0% | 19.0% | 19.9% | 17.5% | 17.9% | 18.3% | 16.0% | 19.4% | 20.3% |
| EBITDA | $394.97M | $482.20M | $534.87M | $242.23M | $687.10M | $1.04B | $1.08B | $1.00B | $1.11B | $1.02B | $662.00M | $943.00M | $1.46B | $1.52B | $1.24B | $1.29B | $1.36B | $1.43B | $1.58B | $1.69B |
| EBITDA margin | 19.1% | 17.2% | 16.2% | 7.1% | 17.5% | 20.2% | 17.3% | 15.8% | 17.6% | 16.7% | 11.9% | 17.1% | 24.7% | 24.8% | 23.0% | 22.5% | 21.6% | 22.5% | 25.2% | 25.7% |
| EBIT | $313.17M | $371.37M | $390.69M | $71.69M | $521.10M | $870.00M | $787.10M | $658.30M | $776.80M | $716.50M | $394.00M | $717.00M | $1.26B | $1.33B | $999.00M | $1.04B | $1.17B | $1.13B | $1.33B | $1.45B |
| Interest expense | $1.28M | $11.64M | $7.99M | $26.86M | $74.10M | $75.90M | $74.70M | $91.70M | $36.00M | $42.00M | $49.00M | $52.00M | $62.00M | $58.00M | $55.00M | $74.00M | $73.00M | $67.00M | $64.00M | $64.00M |
| Income tax | $83.82M | $61.99M | $72.96M | $-41.72M | $46.60M | $121.00M | $107.00M | $61.30M | $103.20M | $152.90M | $116.00M | $156.00M | $1.09B | $99.00M | $125.00M | $232.00M | $158.00M | $-208.00M | $277.00M | $197.00M |
| Effective tax rate | 23.9% | 17.2% | 19.1% | -93.1% | 10.4% | 15.2% | 15.0% | 10.8% | 13.9% | 21.5% | 33.6% | 23.5% | 93.5% | 7.8% | 13.2% | 24.1% | 14.4% | -19.5% | 21.9% | 14.2% |
| Net income | $266.45M | $297.74M | $309.74M | $86.55M | $400.40M | $673.10M | $605.40M | $505.30M | $637.50M | $559.90M | $229.00M | $509.00M | $76.00M | $1.17B | $819.00M | $730.00M | $937.00M | $1.27B | $986.00M | $1.19B |
| Net income growth (YoY) | — | +11.7% | +4.0% | -72.1% | +362.6% | +68.1% | -10.1% | -16.5% | +26.2% | -12.2% | -59.1% | +122.3% | -85.1% | +1438.2% | -29.9% | -10.9% | +28.4% | +36.0% | -22.6% | +20.3% |
| Profit margin | 12.9% | 10.6% | 9.4% | 2.5% | 10.2% | 13.1% | 9.7% | 8.0% | 10.1% | 9.1% | 4.1% | 9.2% | 1.3% | 19.0% | 15.1% | 12.7% | 14.8% | 20.0% | 15.7% | 18.0% |