--- title: "NetApp: Metrics Guide" description: "NetApp revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/netapp/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # NetApp: Financial & Operating Metrics Guide ## Direct Answer NetApp reported revenue of $6.2 billion for the fiscal year ended April 24, 2026, with an operating margin of 26.8% and net income of $1.3 billion, according to its SEC filings. Revenue grew 5.6% from the prior year. ## What Are NetApp's Key Financial Figures? | Fiscal year | FY2026ended April 24, 2026 | FY2025ended April 25, 2025 | FY2024ended April 26, 2024 | FY2023ended April 28, 2023 | | --- | --- | --- | --- | --- | | Revenue | $6.2 billion | $5.9 billion | $5.7 billion | $6.4 billion | | Operating income | $1.7 billion | $1.3 billion | $1.2 billion | $1.0 billion | | Operating margin | 26.8% | 22.6% | 21.5% | 16.0% | | Net income | $1.3 billion | $1.2 billion | $986 million | $1.3 billion | | Net margin | 20.5% | 20.1% | 17.4% | 20.0% | | Operating cash flow | $2.1 billion | $1.5 billion | $1.7 billion | $1.1 billion | | Capital expenditures | $198 million | $168 million | $155 million | $239 million | | Free cash flow | $1.9 billion | $1.3 billion | $1.5 billion | $868 million | Operating margin widened by 4.2 percentage points between fiscal 2025 and 2026, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $1.9 billion against net income of $1.3 billion; cash generation covered reported earnings. ![Bar chart of NetApp revenue, operating income, net income for fiscal 2023 to 2026. In fiscal 2026, revenue was $6.2 billion, operating income $1.7 billion and net income $1.3 billion.](https://www.getswoopr.com/images/charts/netapp-metrics-revenue-profit.webp) *NetApp revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of NetApp operating margin and net margin for fiscal 2023 to 2026. In fiscal 2026, operating margin was 26.8% and net margin was 20.5%.](https://www.getswoopr.com/images/charts/netapp-metrics-margins.webp) *NetApp operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of NetApp operating cash flow, capital expenditures, free cash flow for fiscal 2023 to 2026. In fiscal 2026, operating cash flow was $2.1 billion, capital expenditures was $198 million, free cash flow was $1.9 billion.](https://www.getswoopr.com/images/charts/netapp-metrics-cash-flow.webp) *NetApp operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does NetApp's Balance Sheet Show? | Cash and cash equivalents | $2.1 billion | | --- | --- | | Long-term debt | $2.5 billion | | Total assets | $10.7 billion | | Total liabilities | $9.4 billion | | Shareholders' equity | $1.4 billion | | Current ratio | 1.4x | Balance sheet values are as of the end of fiscal 2026. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value NetApp reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-259683 for fiscal year 2026). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was NetApp's revenue in fiscal 2026? NetApp reported revenue of $6.2 billion for the fiscal year ended April 24, 2026, according to its SEC filings. ### What is NetApp's operating margin? NetApp's operating margin was 26.8% in fiscal 2026: operating income of $1.7 billion on revenue of $6.2 billion. ### How much free cash flow did NetApp generate? Operating cash flow of $2.1 billion less capital expenditures of $198 million gives free cash flow of $1.9 billion for fiscal 2026. ## References - [SEC EDGAR: NetApp, Inc. Form 10-K filed June 5, 2026](https://www.sec.gov/Archives/edgar/data/1002047/000119312526259683/ntap-20260424.htm) - [SEC EDGAR: NetApp, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1002047&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [NetApp company dossier](https://www.getswoopr.com/stocks/companies/netapp/) - [NetApp financial metrics](https://www.getswoopr.com/stocks/companies/netapp/metrics/) - [NetApp financial risk indicators](https://www.getswoopr.com/stocks/companies/netapp/risks/) - [NetApp peer comparison](https://www.getswoopr.com/stocks/companies/netapp/competitors/) - [NetApp business model and revenue mix](https://www.getswoopr.com/stocks/companies/netapp/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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