NetApp (NTAP) Tax Rate (2009 - 2026)
NetApp (NTAP) posted quarterly Tax Rate of 42.96% for Q2 2026, up 506.0% year-over-year from 7.09% in Q2 2025, and down 287.9% quarter-over-quarter from 22.86% in Q1 2026.
NetApp (NTAP) Tax Rate (2009 - 2026) Analysis & Trends
NetApp's Tax Rate history runs 18 years deep, the most recent figure standing at 42.96% for Q2 2026.
- In Q2 2026, Tax Rate rose 506.0% year-over-year to 42.96%; the TTM figure through Apr 2026 stood at 60.58% (up 5964.0% YoY), while the FY2026 annual figure was 60.58%, up 5964.0% from the prior year.
- Tax Rate for Q2 2026 stood at 42.96%, down from 22.86% in the prior quarter.
- The five-year high for Tax Rate was 63.28% in Q1 2023, with the low at 636.79% in Q2 2023.
- The 5-year median for Tax Rate is 18.63% (2025), against an average of 34.42%.
- The sharpest annual moves came in 2023 and 2024: Tax Rate tumbled 58011 bps in 2023, then jumped 66021 bps in 2024.
- NetApp's Tax Rate stood at 145.9% in 2022, then jumped by 118 bps to 26.03% in 2023, then plunged by 35 bps to 16.94% in 2024, then surged by 32 bps to 22.39% in 2025, then tumbled by 292 bps to 42.96% in 2026.
- Business Quant data shows NTAP's Tax Rate at 42.96% in Q2 2026, 22.86% in Q1 2026, and 22.39% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 24.84% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 1.42% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | -10.34% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 71.11% |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | -42.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 24, 2026 | -42.96% |
| Apr 24, 2026 | -42.96% |
| Apr 24, 2026 | -42.96% |
| Jan 23, 2026 | 22.86% |
| Jan 23, 2026 | 22.86% |
| Jan 23, 2026 | 22.86% |
| Oct 24, 2025 | 22.39% |
| Oct 24, 2025 | 22.39% |
| Oct 24, 2025 | 22.39% |
| Jul 25, 2025 | 23.36% |
| Jul 25, 2025 | 23.36% |
| Jul 25, 2025 | 23.36% |
| Apr 25, 2025 | -48.02% |
| Apr 25, 2025 | -48.02% |
| Apr 25, 2025 | -48.02% |
| Jan 24, 2025 | 19.19% |
| Jan 24, 2025 | 19.19% |
| Jan 24, 2025 | 19.19% |
| Oct 25, 2024 | 16.94% |
| Oct 25, 2024 | 16.94% |