NetApp, Inc.
NTAP Technology Software Infrastructure
In the quarter to July 2026, revenue grew 29.9%, EPS grew 64.7%, free cash flow fell 35.3% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.
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NetApp, Inc. (NTAP) Net margin
NetApp, Inc.'s net margin over the twelve months to 31 July 2026 was 19.2%, up 0.8 percentage points from fiscal 2026 (18.4%). Over the past ten years it has ranged from 1.96% (fiscal 2018) to 20.0% (fiscal 2023); the current reading is higher than 83% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2026 | 18.4% | 0.38 |
| FY2025 | 18.1% | 2.32 |
| FY2024 | 15.7% | (4.30) |
| FY2023 | 20.0% | 5.20 |
| FY2022 | 14.8% | 2.12 |
| FY2021 | 12.7% | (2.42) |
| FY2020 | 15.1% | (3.89) |
| FY2019 | 19.0% | 17.06 |
| FY2018 | 1.96% | (6.80) |
| FY2017 | 8.76% | 4.63 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jul 2026 | 18.5% | (2.22) |
| Apr 2026 | 20.7% | 1.24 |
| Jan 2026 | 19.5% | 1.61 |
| Oct 2025 | 17.9% | 2.94 |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| VRSN VeriSign, Inc. compare | 49.8% |
| TWLO Twilio Inc. compare | 20.6% |
| NTAP NetApp, Inc. | 19.2% |
| OKTA Okta, Inc. compare | 9.63% |
| NBIS Nebius Group N.V. compare | 3.13% |
| MDB MongoDB, Inc. compare | 2.12% |
| XYZ Block, Inc. compare | 1.43% |
| ZS Zscaler, Inc. compare | −1.88% |
| CRWV CoreWeave Inc. compare | −25.4% |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on NTAP
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement