NetApp (NTAP) Tax Rate (2009 - 2026)
NetApp (NTAP) posted Tax Rate of 22.52% for Q3 2026, down 34.09% on a QoQ basis from 34.17% in Q2 2026, and down 83.0% year-over-year from 132.47% in Q3 2025.
Analysis
NetApp (NTAP) Tax Rate (2009 - 2026) Analysis & Trends
NetApp has reported Tax Rate for 18 years, with the latest figure at 22.52% in Q3 2026.
- On a quarterly basis, Tax Rate fell 83.0% year-over-year to 22.52% in Q3 2026; TTM through Jul 2026 was 25.88%, a 304.0% increase from a year earlier, with the FY2026 full-year figure at 26.4%, up 492.0% from the prior year.
- Tax Rate was 22.52% for Q3 2026 at NetApp, down from 34.17% in the prior quarter.
- The five-year high for Tax Rate was 214.97% in Q2 2023, with the low at 145.9% in Q4 2022.
- Average Tax Rate over 5 years is 27.71%, with a median of 22.52% recorded in 2026.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 17193 bps in 2023, then sank 19155 bps in 2024.
- Over 5 years, Tax Rate stood at 145.9% in 2022, then soared by 118 bps to 26.03% in 2023, then plunged by 35 bps to 16.94% in 2024, then jumped by 32 bps to 22.39% in 2025, then increased by 1 bps to 22.52% in 2026.
- The last three Tax Rate figures came in at 22.52% (Q3 2026), 34.17% (Q2 2026), and 22.86% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 346.83 Bn | 335.25 Bn | 7.78 Bn | 12.92% |
| 2 | Sandisk | 255.87 Bn | 251.11 Bn | 7.58 Bn | 12.05% |
| 3 | Arista Networks | 246.16 Bn | 232.82 Bn | 1.91 Bn | 19.37% |
| 4 | Seagate Technology Holdings | 198.14 Bn | 196.43 Bn | 1.90 Bn | 14.02% |
| 5 | Western Digital | 166.37 Bn | 164.79 Bn | 2.03 Bn | 1.60% |
| 6 | Hewlett Packard Enterprise | 74.66 Bn | 68.44 Bn | 4.93 Bn | 12.60% |
| 7 | NetApp | 37.19 Bn | 33.61 Bn | 1.42 Bn | 22.52% |
| 8 | Everpure | 33.66 Bn | 32.65 Bn | 811.39 Mn | -2.75% |
| 9 | Super Micro Computer | 24.36 Bn | 16.83 Bn | 1.94 Bn | 19.74% |
| 10 | Penguin Solutions | 2.61 Bn | 2.17 Bn | 133.21 Mn | 13.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 22.52% |
| Apr 24, 2026 | 34.17% |
| Jan 23, 2026 | 22.86% |
| Oct 24, 2025 | 22.39% |
| Jul 25, 2025 | 23.36% |
| Apr 25, 2025 | 32.20% |
| Jan 24, 2025 | 19.19% |
| Oct 25, 2024 | 16.94% |
| Jul 26, 2024 | 17.06% |
| Apr 26, 2024 | 23.42% |
| Jan 26, 2024 | 18.06% |
| Oct 27, 2023 | 26.03% |
| Jul 28, 2023 | 19.89% |
| Apr 28, 2023 | 214.97% |
| Jan 27, 2023 | 63.28% |
| Oct 28, 2022 | -145.90% |
| Jul 29, 2022 | 20.74% |
| Apr 29, 2022 | 57.72% |
| Jan 28, 2022 | 17.65% |
| Oct 29, 2021 | 20.00% |