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Ratios

NetApp (NTAP) Cost of Revenue (2016 - 2026)

NetApp's Cost of Revenue history spans 18 years, with the latest figure at $455.0 million for Q1 2026.

  • Quarterly Cost of Revenue fell 8.27% to $455.0 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $1.9 billion through Jan 2026, down 2.94% year-over-year, with the annual reading at $1.9 billion for FY2025, 2.02% up from the prior year.
  • Cost of Revenue came in at $455.0 million for Q1 2026, down from $478.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $546.0 million in Q3 2022 to a low of $350.0 million in Q2 2022.
  • The 5-year median for Cost of Revenue is $461.0 million (2022), against an average of $462.1 million.
  • Year-over-year, Cost of Revenue decreased 21.7% in 2022 and then grew 26.29% in 2023.
  • NetApp's Cost of Revenue stood at $479.0 million in 2022, then decreased by 3.76% to $461.0 million in 2023, then increased by 4.34% to $481.0 million in 2024, then decreased by 0.62% to $478.0 million in 2025, then decreased by 4.81% to $455.0 million in 2026.
  • Per Business Quant, the three most recent readings for NTAP's Cost of Revenue are $455.0 million (Q1 2026), $478.0 million (Q4 2025), and $461.0 million (Q3 2025).