gross profit bridgeinconsistent2026-04-24
Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$6.24B
Fiscal year ended 2026-04-24Operating income
$1.67B
Fiscal year ended 2026-04-24Free cash flow
$1.87B
Fiscal year ended 2026-04-24NetApp, Inc. (NTAP) reported revenue of $6.24B and net income of $1.28B for the fiscal year ended 2026-04-24. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NetApp, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Computer Storage Devices.
Income
| Metric | 2026-04-24 | 2025-04-25 | 2024-04-26 | 2023-04-28 | 2022-04-29 | 2021-04-30 | 2020-04-24 | 2019-04-26 | 2018-04-27 | 2017-04-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.24B | $5.91B | $5.66B | $6.36B | $6.32B | Unavailable | $5.41B | $6.15B | $5.92B | $5.49B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | $2.15B | $2.10B | Unavailable | $1.79B | $2.20B | $2.21B | $2.13B |
| Gross profit | Unavailable | Unavailable | Unavailable | $4.21B | $4.22B | Unavailable | $3.62B | $3.94B | $3.71B | $3.36B |
| Operating income | $1.67B | $1.34B | $1.21B | $1.02B | $1.16B | Unavailable | $945.00M | $1.22B | $1.16B | $621.00M |
| Net income | $1.28B | $1.19B | $986.00M | $1.27B | $937.00M | Unavailable | $819.00M | $1.17B | $116.00M | $481.00M |
| Research & development | $991.00M | $1.01B | $1.03B | $956.00M | $881.00M | Unavailable | $847.00M | $827.00M | $783.00M | $779.00M |
| Weighted-average diluted shares | shares 201.00M | shares 209.00M | shares 213.00M | shares 220.00M | shares 229.00M | Unavailable | shares 233.00M | shares 259.00M | shares 276.00M | shares 281.00M |
| Pretax income | $1.65B | $1.38B | $1.26B | $1.07B | $1.10B | Unavailable | $944.00M | $1.27B | $1.20B | $621.00M |
| Income tax expense | $372.00M | $197.00M | $277.00M | -$208.00M | $158.00M | Unavailable | $125.00M | $99.00M | $1.08B | $140.00M |
| Diluted EPS | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 | Unavailable | $3.52 | $4.51 | $0.42 | $1.71 |
| Selling, general & administrative | $2.21B | $2.18B | $2.14B | $2.09B | $2.14B | Unavailable | $1.85B | $1.94B | $1.99B | $1.92B |
| General & administrative | $344.00M | $311.00M | $308.00M | $265.00M | $279.00M | Unavailable | $263.00M | $278.00M | $280.00M | $271.00M |
| Selling & marketing | $1.87B | $1.86B | $1.83B | $1.83B | $1.86B | Unavailable | $1.58B | $1.66B | $1.71B | $1.65B |
Balance
| Metric | 2026-04-24 | 2025-04-25 | 2024-04-26 | 2023-04-28 | 2022-04-29 | 2021-04-30 | 2020-04-24 | 2019-04-26 | 2018-04-27 | 2017-04-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.07B | $2.74B | $1.90B | $2.32B | $4.11B | Unavailable | $2.66B | $2.32B | $2.94B | $2.44B |
| Total assets | $10.74B | $10.82B | $9.89B | $9.82B | $10.03B | Unavailable | $7.52B | $8.74B | $9.99B | $9.49B |
| Current assets | $5.78B | $5.85B | $4.90B | $4.68B | $5.94B | Unavailable | $4.27B | $5.61B | $6.95B | $6.20B |
| Total liabilities | $9.39B | $9.78B | $8.74B | $8.66B | $9.19B | Unavailable | $7.28B | $7.65B | $7.72B | $6.71B |
| Current liabilities | $4.02B | $4.66B | $4.11B | $3.47B | $3.95B | Unavailable | $3.62B | $3.87B | $3.53B | $4.12B |
| Total equity incl. NCI | $1.35B | $1.04B | $1.15B | $1.16B | $838.00M | Unavailable | $242.00M | $1.09B | $2.28B | $2.95B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $198.00M | $186.00M | $186.00M | $167.00M | $204.00M | Unavailable | $145.00M | $131.00M | $122.00M | $163.00M |
| Accounts receivable | $1.29B | $1.25B | $1.01B | $987.00M | $1.23B | Unavailable | $973.00M | $1.22B | $1.05B | $731.00M |
| Goodwill | $2.77B | $2.72B | $2.76B | $2.76B | $2.35B | Unavailable | $1.78B | $1.74B | $1.74B | $1.68B |
| Long-term debt | $2.49B | $2.48B | $1.99B | $2.39B | $2.39B | Unavailable | $1.15B | $1.14B | $1.54B | $744.00M |
| Accounts payable | $550.00M | $511.00M | $517.00M | $392.00M | $607.00M | Unavailable | $426.00M | $542.00M | $609.00M | $347.00M |
Cash flow
| Metric | 2026-04-24 | 2025-04-25 | 2024-04-26 | 2023-04-28 | 2022-04-29 | 2021-04-30 | 2020-04-24 | 2019-04-26 | 2018-04-27 | 2017-04-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.07B | $1.51B | $1.68B | $1.11B | $1.21B | Unavailable | $1.06B | $1.34B | $1.48B | $986.00M |
| Capital expenditures | $198.00M | $168.00M | $155.00M | $239.00M | $226.00M | Unavailable | $124.00M | $173.00M | $145.00M | $175.00M |
| Investing cash flow | -$595.00M | $147.00M | -$735.00M | -$1.39B | -$561.00M | Unavailable | $1.27B | $704.00M | -$21.00M | -$223.00M |
| Financing cash flow | -$2.15B | -$828.00M | -$1.34B | -$1.51B | -$1.02B | Unavailable | -$1.96B | -$2.63B | -$986.00M | -$1.18B |
| Net change in cash | -$674.00M | $840.00M | -$413.00M | -$1.80B | -$416.00M | Unavailable | $335.00M | -$616.00M | $497.00M | -$427.00M |
| Stock-based compensation | $382.00M | $386.00M | $357.00M | $312.00M | $245.00M | Unavailable | $153.00M | $158.00M | $161.00M | $195.00M |
| Common dividends paid | $413.00M | $424.00M | $416.00M | $432.00M | $446.00M | Unavailable | $439.00M | $403.00M | $214.00M | $208.00M |
| Common share repurchases | $950.00M | $1.15B | $900.00M | $850.00M | $600.00M | Unavailable | $1.41B | $2.11B | $794.00M | $705.00M |
| Depreciation & amortization | $179.00M | $196.00M | $198.00M | $181.00M | $148.00M | Unavailable | $154.00M | $150.00M | $145.00M | $178.00M |
Derived
| Metric | 2026-04-24 | 2025-04-25 | 2024-04-26 | 2023-04-28 | 2022-04-29 | 2021-04-30 | 2020-04-24 | 2019-04-26 | 2018-04-27 | 2017-04-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $1.87B | $1.34B | $1.53B | $868.00M | $985.00M | Unavailable | $936.00M | $1.17B | $1.33B | $811.00M |
| Gross margin | 78.5% | 78.1% | 78.4% | 66.2% | 66.8% | Unavailable | 66.9% | 64.2% | 62.7% | 61.3% |
| Operating margin | 26.8% | 22.6% | 21.5% | 16.0% | 18.3% | Unavailable | 17.5% | 19.9% | 19.6% | 11.3% |
| FCF margin | 30.0% | 22.7% | 27.0% | 13.6% | 15.6% | Unavailable | 17.3% | 19.0% | 22.5% | 14.8% |
| SBC / revenue | 6.1% | 6.5% | 6.3% | 4.9% | 3.9% | Unavailable | 2.8% | 2.6% | 2.7% | 3.6% |
| Current ratio | 1.44x | 1.26x | 1.19x | 1.35x | 1.50x | Unavailable | 1.18x | 1.45x | 1.97x | 1.50x |
| Revenue YoY growth | 5.6% | 4.4% | -11.1% | 0.7% | Unavailable | Unavailable | -11.9% | 3.8% | 7.8% | Unavailable |
| Net margin | 20.5% | 20.1% | 17.4% | 20.0% | 14.8% | Unavailable | 15.1% | 19.0% | 2.0% | 8.8% |
| R&D / revenue | 15.9% | 17.1% | 18.2% | 15.0% | 13.9% | Unavailable | 15.7% | 13.5% | 13.2% | 14.2% |
| CapEx / revenue | 3.2% | 2.8% | 2.7% | 3.8% | 3.6% | Unavailable | 2.3% | 2.8% | 2.4% | 3.2% |
| Long-term debt / equity | 1.84x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 22.6% | 14.2% | 21.9% | -19.5% | 14.4% | Unavailable | 13.2% | 7.8% | 90.3% | 22.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NTAP in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-09-02View SEC filing
10-K · Filed 2026-06-05View SEC filing
10-Q · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-25View SEC filing
10-Q · Filed 2025-08-27View SEC filing
10-K · Filed 2025-06-09View SEC filing
Reconciliation checks needing review
6 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2025-04-25
Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.
gross profit bridgeinconsistent2024-04-26
Withheld: cost revenue, gross profit could not be reconciled with the rest of this filer’s statement.
gross profit bridgeinconsistent2021-04-30
Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.
balance equationinconsistent2021-04-30
Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.
balance equationreview2017-04-28
Difference 169000000 exceeds tolerance 9493000.000. Presentation or filing-vintage differences need review.