NetApp (NTAP) EBIT Margin (2009 - 2026)

NetApp (NTAP) posted quarterly EBIT Margin of 63.17% for Q2 2026, up 234.0% year-over-year from 18.91% in Q2 2025, and down 349.35% on a QoQ basis from 25.34% in Q1 2026.

NetApp (NTAP) EBIT Margin (2009 - 2026) Analysis & Trends

NetApp (NTAP) has reported EBIT Margin for 18 consecutive years, with 63.17% the latest figure, recorded in Q2 2026.

  • In Q2 2026, EBIT Margin rose 234.0% year-over-year to 63.17%; the TTM figure through Apr 2026 stood at 5.55% (up 64.0% YoY), while the FY2026 annual figure was 5.55%, up 64.0% from the prior year.
  • EBIT Margin came in at 63.17% for Q2 2026 at NetApp, down from 25.34% in the prior quarter.
  • The five-year high for EBIT Margin was 34.63% in Q2 2024, with the low at 65.51% in Q2 2025.
  • Average EBIT Margin over 5 years is 4.78%, with a median of 18.88% recorded in 2023.
  • Across the five-year window, EBIT Margin jumped 6530 bps in 2024 and plunged 10014 bps in 2025, its largest moves.
  • Year by year, EBIT Margin stood at 16.96% in 2022, then rose by 15 bps to 19.46% in 2023, then rose by 7 bps to 20.81% in 2024, then increased by 12 bps to 23.4% in 2025, then plunged by 370 bps to 63.17% in 2026.
  • According to Business Quant data, EBIT Margin over the past three periods registered 63.17%, 25.34%, and 23.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBIT Margin (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 46.33%
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 31.97%
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 46.18%
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 15.30%
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 1.06%
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 31.36%
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -9.69%
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 8.43%
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -2.84%
10 NetApp 31.12 Bn 27.54 Bn 1.37 Bn -63.17%

Historic Data

Download Data
DateValue
Apr 24, 2026 -63.17%
Jan 23, 2026 25.34%
Oct 24, 2025 23.40%
Jul 25, 2025 19.82%
Apr 25, 2025 -65.51%
Jan 24, 2025 22.06%
Oct 25, 2024 20.81%
Jul 26, 2024 18.30%
Apr 26, 2024 34.63%
Jan 26, 2024 22.79%
Oct 27, 2023 19.46%
Jul 28, 2023 12.43%
Apr 28, 2023 -30.68%
Jan 27, 2023 11.27%
Oct 28, 2022 16.96%
Jul 29, 2022 16.02%
Apr 29, 2022 -37.74%
Jan 28, 2022 19.89%
Oct 29, 2021 38.03%
Jul 30, 2021 17.08%