NetApp (NTAP) Operating Margin (2009 - 2026)

NetApp has reported Operating Margin for 18 years, with the latest figure at 23.9% in Q3 2026.

• On a quarterly basis, Operating Margin rose 408.0% year-over-year to 23.9% in Q3 2026; TTM through Jul 2026 was 25.02%, a 432.0% increase from a year earlier, with the FY2026 full-year figure at 24.17%, up 383.0% from the prior year.
• Operating Margin was 23.9% for Q3 2026 at NetApp, down from 27.31% in the prior quarter.
• The five-year high for Operating Margin was 27.31% in Q2 2026, with the low at 11.27% in Q1 2023.
• Average Operating Margin over 5 years is 19.94%, with a median of 19.89% recorded in 2022.
• The sharpest annual moves came in 2022 and 2024: Operating Margin sank 1182 bps in 2022, then surged 1152 bps in 2024.
• Over 5 years, Operating Margin stood at 16.96% in 2022, then grew by 15 bps to 19.46% in 2023, then grew by 7 bps to 20.81% in 2024, then climbed by 12 bps to 23.4% in 2025, then climbed by 2 bps to 23.9% in 2026.
• The last three Operating Margin figures came in at 23.9% (Q3 2026), 27.31% (Q2 2026), and 25.34% (Q1 2026), per Business Quant data.