NetApp Income Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 23, 2026	Apr '25 Apr 25, 2025	Apr '24 Apr 26, 2024	Apr '23 Apr 28, 2023	Apr '22 Apr 29, 2022	Apr '21 Apr 30, 2021
Revenue	6,709	6,572	6,268	6,362	6,318	5,744
Revenue Growth (YoY)	3.09%	4.85%	-1.48%	0.70%	9.99%	6.13%
Cost of Revenue	1,982	1,959	1,835	2,153	2,098	1,929
Gross Profit	4,727	4,613	4,433	4,209	4,220	3,815
Selling, General & Admin	2,183	2,176	2,136	2,094	2,136	2,001
Research & Development	986	1,012	1,029	956	881	881
Other Operating Expenses	68	88	54	141	46	-98
Total Operating Expenses	3,237	3,276	3,219	3,191	3,063	2,784
Operating Income	1,490	1,337	1,214	1,018	1,157	1,031
Total Non-Operating Income (Expense)	-6	46	49	48	-62	-69
Pretax Income	1,484	1,383	1,263	1,066	1,095	962
Provision for Income Taxes	272	197	277	-208	158	232
Net Income	1,212	1,186	986	1,274	937	730
Net Income to Common	1,212	1,186	986	1,274	937	730
Net Income Growth	6.60%	20.28%	-22.61%	35.97%	28.36%	-10.87%
Shares Outstanding (Basic)	200	204	208	217	223	222
Shares Outstanding (Diluted)	203	209	213	220	229	226
Shares Change (YoY)	-3.68%	-1.88%	-3.18%	-3.93%	1.33%	-3.00%
EPS (Basic)	6.05	5.81	4.74	5.87	4.20	3.29
EPS (Diluted)	5.98	5.67	4.63	5.79	4.09	3.23
EPS Growth	10.74%	22.46%	-20.04%	41.57%	26.63%	-8.24%
Free Cash Flow	1,609	1,338	1,530	868	985	1,171
Free Cash Flow Growth	20.25%	-12.55%	76.27%	-11.88%	-15.88%	25.11%
Free Cash Flow Per Share	7.94	6.40	7.18	3.95	4.30	5.18
Dividends Per Share	2.080	2.080	2.000	2.000	2.000	1.920
Dividend Growth	-	4.00%	-	-	4.17%	-
Gross Margin	70.46%	70.19%	70.72%	66.16%	66.79%	66.42%
Operating Margin	22.21%	20.34%	19.37%	16.00%	18.31%	17.95%
Profit Margin	18.07%	18.05%	15.73%	20.03%	14.83%	12.71%
FCF Margin	23.98%	20.36%	24.41%	13.64%	15.59%	20.39%
EBITDA	1,694	1,580	1,469	1,266	1,351	1,238
EBITDA Margin	25.25%	24.04%	23.44%	19.90%	21.38%	21.55%
EBIT	1,490	1,337	1,214	1,018	1,157	1,031
EBIT Margin	22.21%	20.34%	19.37%	16.00%	18.31%	17.95%
Effective Tax Rate	18.33%	14.24%	21.93%	-19.51%	14.43%	24.12%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q