NetApp, Inc. (NTAP) closed fiscal year 2026 with a gross margin of 70.7 % and a net margin of 18.4 %.
NetApp, Inc. (NTAP) closed fiscal year 2026 with a gross margin of 70.7 % and a net margin of 18.4 %. The same year shows an EBITDA margin of 27.1 % and an EBIT margin of 24.2 %. The free cash flow margin was 27.0 %. Against the previous year the gross margin moved +0.6 pp and the net margin +0.4 pp. Across the period the gross margin ranges between 58.4 % in 2009 and 70.7 % in 2026. The series covers 18 fiscal years, from 2009 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: April
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 58.42 % | 64.08 % | 64.98 % | 59.57 % | 59.39 % | 61.96 % | 62.60 % | 60.82 % | 61.26 % | 62.66 % | 64.19 % | 66.94 % | 66.42 % | 66.79 % | 66.16 % | 70.72 % | 70.19 % | 70.74 % |
| EBITDA margin (%) | 6.39 % | 16.65 % | 19.32 % | 16.68 % | 15.04 % | 16.89 % | 16.71 % | 11.31 % | 15.43 % | 22.91 % | 23.07 % | 21.03 % | 21.55 % | 21.38 % | 19.90 % | 23.44 % | 24.04 % | 27.06 % |
| EBIT margin (%) | 1.39 % | 12.42 % | 16.09 % | 11.98 % | 9.60 % | 11.60 % | 11.69 % | 6.27 % | 11.31 % | 19.56 % | 19.87 % | 17.46 % | 17.95 % | 18.31 % | 16.00 % | 19.37 % | 20.34 % | 24.17 % |
| Net margin (%) | 1.90 % | 10.18 % | 13.14 % | 9.71 % | 7.98 % | 10.09 % | 9.15 % | 4.13 % | 8.76 % | 1.96 % | 19.02 % | 15.13 % | 12.71 % | 14.83 % | 20.03 % | 15.73 % | 18.05 % | 18.43 % |
| FCF margin (%) | 17.60 % | 21.35 % | 21.93 % | 16.93 % | 17.10 % | 17.85 % | 17.85 % | 14.68 % | 14.77 % | 22.52 % | 19.00 % | 17.29 % | 20.39 % | 15.59 % | 13.64 % | 24.41 % | 20.36 % | 26.99 % |
