NetApp (NTAP) EBITDA Margin (2009 - 2026)
NetApp's EBITDA Margin came in at 25.53% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 2.44 percentage points from 23.09% a year earlier but down 4.29 percentage points from the prior quarter.
NetApp (NTAP) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, NetApp reported EBITDA Margin of 27.48%, up 3.28 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 27.06%, up 3.02 percentage points from FY2025.
- EBITDA Margin has increased in each of the last three fiscal years, with a five-year change of +5.51 percentage points (FY2021 to FY2026).
- Going back by fiscal year, EBITDA Margin was 24.04% in FY2025 (+0.60 pp), 23.44% in FY2024 (+3.54 pp), 19.90% in FY2023 (-1.48 pp) and 21.38% in FY2022 (-0.17 pp).
- The five-year range for quarterly EBITDA Margin is 15.53% (fiscal Q3 2023) to 29.83% (fiscal Q4 2026).
- Year-over-year, EBITDA Margin has increased for five consecutive quarters, with an average year-over-year change of +1.44 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in fiscal Q3 2024 (a gain of 11.18 percentage points), and the weakest in fiscal Q4 2022 (a drop of 11.87 percentage points).
- Business Quant data shows NTAP's EBITDA Margin at 29.83% (Q4 2026), 28.14% (Q3 2026) and 26.45% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 35.66% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 28.41% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 13.07% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 46.16% |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 78.91% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 44.89% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 44.36% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 25.63% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 18.48% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 25.53% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 25.53% |
| Apr 24, 2026 | 29.83% |
| Jan 23, 2026 | 28.14% |
| Oct 24, 2025 | 26.45% |
| Jul 25, 2025 | 23.09% |
| Apr 25, 2025 | 23.15% |
| Jan 24, 2025 | 25.96% |
| Oct 25, 2024 | 24.61% |
| Jul 26, 2024 | 22.39% |
| Apr 26, 2024 | 25.78% |
| Jan 26, 2024 | 26.71% |
| Oct 27, 2023 | 23.56% |
| Jul 28, 2023 | 16.90% |
| Apr 28, 2023 | 23.72% |
| Jan 27, 2023 | 15.53% |
| Oct 28, 2022 | 20.51% |
| Jul 29, 2022 | 19.66% |
| Apr 29, 2022 | 20.48% |
| Jan 28, 2022 | 23.05% |
| Oct 29, 2021 | 21.71% |
NetApp EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "NTAP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();