NetApp (NTAP) Operating Expenses (2009 - 2026)
NetApp (NTAP) posted quarterly Operating Expenses of $833.0 million for Q2 2026, down 1.42% year-over-year from $845.0 million in Q2 2025, and up 7.48% on a QoQ basis from $775.0 million in Q1 2026.
NetApp (NTAP) Operating Expenses (2009 - 2026) Analysis & Trends
NetApp (NTAP) has reported Operating Expenses for 18 consecutive years, with $833.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses fell 1.42% year-over-year to $833.0 million; the TTM figure through Apr 2026 stood at $3.2 billion (down 1.56% YoY), while the FY2026 annual figure was $3.2 billion, down 1.56% from the prior year.
- Operating Expenses came in at $833.0 million for Q2 2026 at NetApp, up from $775.0 million in the prior quarter.
- The five-year high for Operating Expenses was $845.0 million in Q2 2025, with the low at $752.0 million in Q1 2022.
- Average Operating Expenses over 5 years is $803.3 million, with a median of $805.5 million recorded in 2022.
- Across the five-year window, Operating Expenses soared 37.24% in 2022 and dropped 5.31% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $805.0 million in 2022, then climbed by 0.12% to $806.0 million in 2023, then rose by 3.23% to $832.0 million in 2024, then declined by 0.48% to $828.0 million in 2025, then increased by 0.6% to $833.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $833.0 million, $775.0 million, and $828.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | NetApp | 31.12 Bn | 27.54 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | 833.00 Mn |
| Jan 23, 2026 | 775.00 Mn |
| Oct 24, 2025 | 828.00 Mn |
| Jul 25, 2025 | 789.00 Mn |
| Apr 25, 2025 | 845.00 Mn |
| Jan 24, 2025 | 783.00 Mn |
| Oct 25, 2024 | 832.00 Mn |
| Jul 26, 2024 | 816.00 Mn |
| Apr 26, 2024 | 810.00 Mn |
| Jan 26, 2024 | 785.00 Mn |
| Oct 27, 2023 | 806.00 Mn |
| Jul 28, 2023 | 818.00 Mn |
| Apr 28, 2023 | 766.00 Mn |
| Jan 27, 2023 | 829.00 Mn |
| Oct 28, 2022 | 805.00 Mn |
| Jul 29, 2022 | 791.00 Mn |
| Apr 29, 2022 | 796.00 Mn |
| Jan 28, 2022 | 752.00 Mn |
| Oct 29, 2021 | 765.00 Mn |
| Jul 30, 2021 | 750.00 Mn |