NetApp, Inc. (NTAP)

NetApp Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr 25, 2025	Apr 26, 2024	Apr 28, 2023	Apr 29, 2022	Apr 30, 2021
Revenue	6,572	6,268	6,362	6,318	5,744
Revenue Growth (YoY)	4.85%	-1.48%	0.70%	9.99%	6.13%
Cost of Revenue	1,959	1,835	2,153	2,098	1,929
Gross Profit	4,613	4,433	4,209	4,220	3,815
Selling, General & Admin	2,176	2,136	2,094	2,136	2,001
Research & Development	1,012	1,029	956	881	881
Operating Expenses	3,188	3,165	3,050	3,017	2,882
Operating Income	1,425	1,268	1,159	1,203	933
Interest Expense	-64	-64	-67	-73	-74
Interest & Investment Income	112	112	69	7	9
Currency Exchange Gain (Loss)	38	-59	4	-91	20
Other Non Operating Income (Expenses)	-40	60	10	95	-16
EBT Excluding Unusual Items	1,471	1,317	1,175	1,141	872
Merger & Restructuring Charges	-88	-54	-141	-46	-58
Gain (Loss) on Sale of Investments	-	-	32	-	6
Gain (Loss) on Sale of Assets	-	-	-	-	156
Other Unusual Items	-	-	-	-	-14
Pretax Income	1,383	1,263	1,066	1,095	962
Income Tax Expense	197	277	-208	158	232
Net Income	1,186	986	1,274	937	730
Net Income to Common	1,186	986	1,274	937	730
Net Income Growth	20.28%	-22.61%	35.97%	28.36%	-10.87%
Shares Outstanding (Basic)	204	208	217	223	222
Shares Outstanding (Diluted)	209	213	220	229	226
Shares Change (YoY)	-1.88%	-3.18%	-3.93%	1.33%	-3.00%
EPS (Basic)	5.81	4.74	5.87	4.20	3.29
EPS (Diluted)	5.67	4.63	5.79	4.09	3.23
EPS Growth	22.46%	-20.04%	41.57%	26.63%	-8.24%
Free Cash Flow	1,338	1,530	868	985	1,171
Free Cash Flow Per Share	6.40	7.18	3.94	4.30	5.18
Dividend Per Share	2.080	2.000	2.000	2.000	1.920
Dividend Growth	4.00%	-	-	4.17%	-
Gross Margin	70.19%	70.72%	66.16%	66.79%	66.42%
Operating Margin	21.68%	20.23%	18.22%	19.04%	16.24%
Profit Margin	18.05%	15.73%	20.03%	14.83%	12.71%
Free Cash Flow Margin	20.36%	24.41%	13.64%	15.59%	20.39%
EBITDA	1,640	1,489	1,365	1,364	1,099
EBITDA Margin	24.95%	23.76%	21.46%	21.59%	19.13%
D&A For EBITDA	215	221	206	161	166
EBIT	1,425	1,268	1,159	1,203	933
EBIT Margin	21.68%	20.23%	18.22%	19.04%	16.24%
Effective Tax Rate	14.24%	21.93%	-	14.43%	24.12%
Revenue as Reported	6,572	6,268	6,362	6,318	5,744

Updated May 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q