NetApp annual operating margin
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NetApp Operating Margin Growth & History (NTAP)
NetApp's operating margin was 24.17% for fiscal 2026.
View full NetApp company overviewNetApp annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-04-24 | 24.17% | +3.83 pp |
| 2025 | 2025-04-25 | 20.34% | +0.98 pp |
| 2024 | 2024-04-26 | 19.37% | +3.37 pp |
| 2023 | 2023-04-28 | 16.00% | −2.31 pp |
| 2022 | 2022-04-29 | 18.31% | +0.36 pp |
| 2021 | 2021-04-30 | 17.95% | +0.49 pp |
| 2020 | 2020-04-24 | 17.46% | −2.41 pp |
| 2019 | 2019-04-26 | 19.87% | +0.30 pp |
| 2018 | 2018-04-27 | 19.56% | +8.25 pp |
| 2017 | 2017-04-28 | 11.31% | +5.03 pp |
| 2016 | 2016-04-29 | 6.27% | −5.42 pp |
| 2015 | 2015-04-24 | 11.69% | +0.09 pp |
| 2014 | 2014-04-25 | 11.60% | +2.01 pp |
| 2013 | 2013-04-26 | 9.60% | −2.38 pp |
| 2012 | 2012-04-27 | 11.98% | −4.12 pp |
| 2011 | 2011-04-29 | 16.09% | +3.67 pp |
| 2010 | 2010-04-30 | 12.42% | +11.04 pp |
| 2009 | 2009-04-24 | 1.39% | — |
NetApp quarterly operating margin
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Q4.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-04-24 | 27.31% | +7.22 pp |
| Q3 2026 | 2026-01-23 | 25.34% | +3.28 pp |
| Q2 2026 | 2025-10-24 | 23.40% | +2.59 pp |
| Q1 2026 | 2025-07-25 | 19.82% | +1.52 pp |
| Q4 2025 | 2025-04-25 | 20.09% | −1.85 pp |
| Q3 2025 | 2025-01-24 | 22.06% | −0.73 pp |
| Q2 2025 | 2024-10-25 | 20.81% | +1.35 pp |
| Q1 2025 | 2024-07-26 | 18.30% | +5.87 pp |
| Q4 2024 | 2024-04-26 | 21.94% | +2.40 pp |
| Q3 2024 | 2024-01-26 | 22.79% | +11.52 pp |
| Q2 2024 | 2023-10-27 | 19.46% | +2.50 pp |
| Q1 2024 | 2023-07-28 | 12.43% | −3.59 pp |
| Q4 2023 | 2023-04-28 | 19.54% | +7.82 pp |
| Q3 2023 | 2023-01-27 | 11.27% | −29.06 pp |
| Q2 2023 | 2022-10-28 | 16.96% | −1.82 pp |
| Q1 2023 | 2022-07-29 | 16.02% | −1.06 pp |
| Q4 2022 | 2022-04-29 | 11.73% | −17.53 pp |
| Q3 2022 | 2022-01-28 | 40.33% | +22.78 pp |
| Q2 2022 | 2021-10-29 | 18.77% | +5.92 pp |
| Q1 2022 | 2021-07-30 | 17.08% | +6.64 pp |
| Q4 2021 | 2021-04-30 | 29.26% | +9.49 pp |
| Q3 2021 | 2021-01-29 | 17.55% | −1.54 pp |
| Q2 2021 | 2020-10-30 | 12.85% | −8.74 pp |
| Q1 2021 | 2020-07-31 | 10.44% | +2.02 pp |
| Q4 2020 | 2020-04-24 | 19.77% | −3.47 pp |
| Q3 2020 | 2020-01-24 | 19.09% | −0.81 pp |
| Q2 2020 | 2019-10-25 | 21.59% | +2.74 pp |
| Q1 2020 | 2019-07-26 | 8.41% | −8.82 pp |
| Q4 2019 | 2019-04-26 | 23.24% | +4.26 pp |
| Q3 2019 | 2019-01-25 | 19.90% | −11.94 pp |
| Q2 2019 | 2018-10-26 | 18.85% | +3.59 pp |
| Q1 2019 | 2018-07-27 | 17.23% | +6.63 pp |
| Q4 2018 | 2018-04-27 | 18.98% | +5.01 pp |
| Q3 2018 | 2018-01-26 | 31.84% | +18.80 pp |
| Q2 2018 | 2017-10-27 | 15.27% | +4.67 pp |
| Q1 2018 | 2017-07-28 | 10.60% | +3.41 pp |
| Q4 2017 | 2017-04-28 | 13.97% | +9.33 pp |
| Q3 2017 | 2017-01-27 | 13.03% | +1.13 pp |
| Q2 2017 | 2016-10-28 | 10.60% | +0.56 pp |
| Q1 2017 | 2016-07-29 | 7.19% | +9.13 pp |
| Q4 2016 | 2016-04-29 | 4.64% | −5.82 pp |
| Q3 2016 | 2016-01-29 | 11.90% | −1.12 pp |
| Q2 2016 | 2015-10-30 | 10.03% | −2.47 pp |
| Q1 2016 | 2015-07-31 | −1.95% | −12.69 pp |
| Q4 2015 | 2015-04-24 | 10.45% | −3.10 pp |
| Q3 2015 | 2015-01-23 | 13.02% | −1.06 pp |
| Q2 2015 | 2014-10-24 | 12.51% | +0.45 pp |
| Q1 2015 | 2014-07-25 | 10.75% | +4.35 pp |
| Q4 2014 | 2014-04-25 | 13.55% | +1.65 pp |
| Q3 2014 | 2014-01-24 | 14.08% | +2.55 pp |
| Q2 2014 | 2013-10-25 | 12.06% | +3.28 pp |
| Q1 2014 | 2013-07-26 | 6.39% | +0.84 pp |
| Q4 2013 | 2013-04-26 | 11.91% | −1.10 pp |
| Q3 2013 | 2013-01-25 | 11.53% | +1.53 pp |
| Q2 2013 | 2012-10-26 | 8.78% | −3.99 pp |
| Q1 2013 | 2012-07-27 | 5.55% | −6.53 pp |
| Q4 2012 | 2012-04-27 | 13.00% | −1.90 pp |
| Q3 2012 | 2012-01-27 | 10.00% | −7.14 pp |
| Q2 2012 | 2011-10-28 | 12.77% | −4.24 pp |
| Q1 2012 | 2011-07-29 | 12.08% | −3.31 pp |
| Q4 2011 | 2011-04-29 | 14.91% | +0.15 pp |
| Q3 2011 | 2011-01-28 | 17.14% | +4.36 pp |
| Q2 2011 | 2010-10-29 | 17.01% | +4.33 pp |
| Q1 2011 | 2010-07-30 | 15.39% | +6.94 pp |
| Q4 2010 | 2010-04-30 | 14.76% | — |
| Q3 2010 | 2010-01-29 | 12.78% | — |
| Q2 2010 | 2009-10-30 | 12.68% | — |
| Q1 2010 | 2009-07-31 | 8.45% | — |
NetApp operating margin trends
Over the last five reported fiscal years, NetApp's operating margin increased from 17.95% to 24.17%, a change of +6.22 percentage points. The latest reported quarter, Q4 2026, shows 27.31%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review NetApp filings at SEC.gov ↗