NetApp (NTAP) Net Margin (2009 - 2026)
NetApp's Net Margin came in at 18.52% for fiscal Q1 2027 (quarter ended Jul 31, 2026), up 3.57 percentage points from 14.95% a year earlier but down 2.22 percentage points from the prior quarter.
NetApp (NTAP) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, NetApp reported Net Margin of 19.19%, up 1.42 percentage points year-over-year; for FY2026 (ended Apr 24, 2026), it came in at 18.43%, up 0.38 percentage points from FY2025.
- Net Margin carries a five-year change of +5.72 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 18.05% in FY2025 (+2.32 pp), 15.73% in FY2024 (-4.29 pp), 20.03% in FY2023 (+5.19 pp) and 14.83% in FY2022 (+2.12 pp).
- The five-year range for quarterly Net Margin is 4.26% (fiscal Q3 2023) to 45.10% (fiscal Q2 2023).
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +1.09 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q2 2023 (a gain of 30.80 percentage points), and the weakest in fiscal Q2 2024 (a drop of 30.18 percentage points).
- Business Quant data shows NTAP's Net Margin at 20.74% (Q4 2026), 19.50% (Q3 2026) and 17.89% (Q2 2026) in the three fiscal quarters before Q1 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,982.68 Bn | 4,730.17 Bn | 54.77 Bn | 27.23% |
| 2 | Cisco Systems | 421.04 Bn | 356.97 Bn | 11.06 Bn | 22.37% |
| 3 | Dell Technologies | 360.24 Bn | 315.99 Bn | 9.83 Bn | 8.80% |
| 4 | Arista Networks | 260.49 Bn | 213.94 Bn | 1.91 Bn | 39.95% |
| 5 | Sandisk | 259.56 Bn | 248.08 Bn | 7.58 Bn | 77.00% |
| 6 | Seagate Technology Holdings | 207.93 Bn | 202.92 Bn | 1.90 Bn | 35.66% |
| 7 | Western Digital | 164.91 Bn | 153.04 Bn | 2.03 Bn | 85.27% |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn | 12.33% |
| 9 | Hewlett Packard Enterprise | 83.59 Bn | 61.47 Bn | 4.93 Bn | 12.61% |
| 10 | NetApp | 39.43 Bn | 22.24 Bn | 1.42 Bn | 18.52% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.52% |
| Apr 24, 2026 | 20.74% |
| Jan 23, 2026 | 19.50% |
| Oct 24, 2025 | 17.89% |
| Jul 25, 2025 | 14.95% |
| Apr 25, 2025 | 19.63% |
| Jan 24, 2025 | 18.22% |
| Oct 25, 2024 | 18.03% |
| Jul 26, 2024 | 16.09% |
| Apr 26, 2024 | 17.45% |
| Jan 26, 2024 | 19.49% |
| Oct 27, 2023 | 14.92% |
| Jul 28, 2023 | 10.41% |
| Apr 28, 2023 | 15.50% |
| Jan 27, 2023 | 4.26% |
| Oct 28, 2022 | 45.10% |
| Jul 29, 2022 | 13.44% |
| Apr 29, 2022 | 15.42% |
| Jan 28, 2022 | 15.61% |
| Oct 29, 2021 | 14.30% |
NetApp Net 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=net-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NTAP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();