NetApp (NTAP) Operating Margin (2009 - 2026)

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

• In Q2 2026, Operating 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.
• Operating Margin came in at 63.17% for Q2 2026 at NetApp, down from 25.34% in the prior quarter.
• The five-year high for Operating Margin was 34.63% in Q2 2024, with the low at 65.51% in Q2 2025.
• Average Operating Margin over 5 years is 4.78%, with a median of 18.88% recorded in 2023.
• Across the five-year window, Operating Margin jumped 6530 bps in 2024 and plunged 10014 bps in 2025, its largest moves.
• Year by year, Operating 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, Operating Margin over the past three periods registered 63.17%, 25.34%, and 23.4% for Q2 2026, Q1 2026, and Q4 2025 respectively.