NetApp (NTAP) Net Margin (2009 - 2026)
NetApp (NTAP) posted quarterly Net Margin of 30.24% for Q2 2026, down 6049.0% year-over-year from 0.51% in Q2 2025, and down 255.07% quarter-over-quarter from 19.5% in Q1 2026.
NetApp (NTAP) Net Margin (2009 - 2026) Analysis & Trends
NetApp's Net Margin history runs 18 years deep, the most recent figure standing at 30.24% for Q2 2026.
- In Q2 2026, Net Margin fell 6049.0% year-over-year to 30.24%; the TTM figure through Apr 2026 stood at 4.09% (down 1676.0% YoY), while the FY2026 annual figure was 4.09%, down 1676.0% from the prior year.
- Net Margin for Q2 2026 stood at 30.24%, down from 19.5% in the prior quarter.
- The five-year high for Net Margin was 45.1% in Q4 2022, with the low at 49.4% in Q2 2023.
- The 5-year median for Net Margin is 15.85% (2022), against an average of 10.01%.
- The sharpest annual moves came in 2024 and 2026: Net Margin jumped 7693 bps in 2024, then tumbled 6049 bps in 2026.
- NetApp's Net Margin stood at 45.1% in 2022, then plunged by 67 bps to 14.92% in 2023, then advanced by 21 bps to 18.03% in 2024, then retreated by 1 bps to 17.89% in 2025, then plunged by 269 bps to 30.24% in 2026.
- Business Quant data shows NTAP's Net Margin at 30.24% in Q2 2026, 19.5% in Q1 2026, and 17.89% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 30.88% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 1.32% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -30.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -30.24% |
| Jan 23, 2026 | 19.50% |
| Oct 24, 2025 | 17.89% |
| Jul 25, 2025 | 14.95% |
| Apr 25, 2025 | 30.25% |
| Jan 24, 2025 | 18.22% |
| Oct 25, 2024 | 18.03% |
| Jul 26, 2024 | 16.09% |
| Apr 26, 2024 | 27.53% |
| Jan 26, 2024 | 19.49% |
| Oct 27, 2023 | 14.92% |
| Jul 28, 2023 | 10.41% |
| Apr 28, 2023 | -49.40% |
| Jan 27, 2023 | 4.26% |
| Oct 28, 2022 | 45.10% |
| Jul 29, 2022 | 13.44% |
| Apr 29, 2022 | -25.83% |
| Jan 28, 2022 | 15.61% |
| Oct 29, 2021 | 28.98% |
| Jul 30, 2021 | 13.85% |