NetApp Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.24B | $5.91B | $5.66B | $6.36B | $6.32B | $5.74B | $5.60B | $6.15B |
| Product | — | — | — | $3.06B | $3.30B | $3.01B | $3.13B | $3.75B |
| Support | — | — | — | $3.00B | $2.74B | $2.46B | $2.19B | $2.13B |
| Professional and Other Services | — | — | — | $300.0M | $277.0M | $271.0M | $280.0M | $275.0M |
| Software Maintenance and Services | — | — | — | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $2.03B | $1.96B | $1.84B | $2.15B | $2.10B | $1.93B | $1.79B | $2.20B |
| Gross Profit | $4.90B | $4.61B | $4.43B | $4.21B | $4.22B | $3.82B | $3.62B | $3.95B |
| Gross Margin | 78.5% | 78.1% | 78.4% | 66.2% | 66.8% | 66.5% | 64.7% | 64.2% |
| Operating Expenses | ||||||||
| Research & Development | $991.0M | $1.01B | $1.03B | $956.0M | $881.0M | $881.0M | $847.0M | $827.0M |
| SG&A Expense | $344.0M | $311.0M | $308.0M | $265.0M | $279.0M | $257.0M | $263.0M | $278.0M |
| Operating Income | $1.67B | $1.34B | $1.21B | $1.02B | $1.16B | $1.03B | $945.0M | $1.22B |
| Operating Margin | 26.8% | 22.6% | 21.5% | 16.0% | 18.3% | 18.0% | 16.9% | 19.9% |
| Interest Expense | — | — | $64.0M | $67.0M | $73.0M | $74.0M | $55.0M | $58.0M |
| Pretax Income | $1.65B | $1.38B | $1.26B | $1.07B | $1.10B | $962.0M | $944.0M | $1.27B |
| Income Tax Expense | $372.0M | $197.0M | $277.0M | $-208.0M | $158.0M | $232.0M | $125.0M | $99.0M |
| Net Income | $1.28B | $1.19B | $986.0M | $1.27B | $937.0M | $730.0M | $819.0M | $1.17B |
| Net Margin | 20.5% | 20.1% | 17.4% | 20.0% | 14.8% | 12.7% | 14.6% | 19.0% |
| EPS (Basic) | $6.41 | $5.81 | $4.74 | $5.87 | $4.20 | $3.29 | $3.56 | $4.60 |
| EPS (Diluted) | $6.35 | $5.67 | $4.63 | $5.79 | $4.09 | $3.23 | $3.52 | $4.51 |
| Shares Outstanding (Basic) | 199.0M | 204.0M | 208.0M | 217.0M | 223.0M | 222.0M | 230.0M | 254.0M |
| Shares Outstanding (Diluted) | 201.0M | 209.0M | 213.0M | 220.0M | 229.0M | 226.0M | 233.0M | 259.0M |
| Dividends Per Share | $2.08 | $2.08 | $2.00 | $2.00 | $2.00 | $1.92 | $1.92 | $1.60 |