financial statements

The full income statement, balance sheet, and cash-flow statement for NetApp Inc. (NTAP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
Revenue	6.92B YoY+5.4%	6.57B YoY+4.9%	6.27B YoY-1.5%	6.36B YoY+0.7%	6.32B YoY+10.0%	5.74B YoY+6.1%
	4.90B YoY+6.2%	4.61B YoY+4.1%	4.43B YoY+5.3%	4.21B YoY-0.3%	4.22B YoY+10.6%	3.81B YoY+5.3%
Cost of revenue	2.03B YoY+3.4%	1.96B YoY+6.8%	1.83B YoY-14.8%	2.15B YoY+2.6%	2.10B YoY+8.8%	1.93B YoY+7.8%
	3.23B YoY-1.6%	3.28B YoY+1.8%	3.22B YoY+0.9%	3.19B YoY+4.2%	3.06B YoY+10.0%	2.78B YoY+4.0%
Research & development	991M YoY-2.1%	1.01B YoY-1.7%	1.03B YoY+7.6%	956M YoY+8.5%	881M YoY+0.0%	881M YoY+4.0%
Selling, general & administrative	344M YoY+10.6%	311M YoY+1.0%	308M YoY+16.2%	265M YoY-5.0%	279M YoY+8.6%	257M YoY-2.3%
General & administrative	344M YoY+10.6%	311M YoY+1.0%	308M YoY+16.2%	265M YoY-5.0%	279M YoY+8.6%	257M YoY-2.3%
Selling & marketing	1.87B YoY+0.2%	1.86B YoY+2.0%	1.83B YoY-0.1%	1.83B YoY-1.5%	1.86B YoY+6.5%	1.74B YoY+10.0%
Restructuring	21.0M YoY-74.7%	83.0M YoY+88.6%	44.0M YoY-63.3%	120M YoY+263.6%	33.0M YoY-21.4%	42.0M YoY+100.0%
Amortization of intangibles	21.0M YoY-55.3%	47.0M YoY-17.5%	57.0M YoY-16.2%	68.0M YoY+47.8%	46.0M YoY-6.1%	49.0M YoY+25.6%
Operating income	1.67B YoY+25.2%	1.34B YoY+10.1%	1.21B YoY+19.3%	1.02B YoY-12.0%	1.16B YoY+12.2%	1.03B YoY+9.1%
Interest expense	109M YoY+70.3%	64.0M YoY+0.0%	64.0M YoY-4.5%	67.0M YoY-8.2%	73.0M YoY-1.4%	74.0M YoY+34.5%
Interest & investment income	113M YoY+0.9%	112M YoY+0.0%	112M YoY+62.3%	69.0M YoY+885.7%	7.00M YoY-22.2%	9.00M YoY-81.3%
Other non-operating income	-30.0M YoY-1400.0%	-2.00M YoY-300.0%	1.00M YoY-97.8%	46.0M YoY+1050.0%	4.00M YoY+105.8%	-69.0M YoY-1250.0%
Pre-tax income	1.65B YoY+19.2%	1.38B YoY+9.5%	1.26B YoY+18.5%	1.07B YoY-2.6%	1.09B YoY+13.8%	962M YoY+1.9%
Income tax	372M YoY+88.8%	197M YoY-28.9%	277M YoY+233.2%	-208M YoY-231.6%	158M YoY-31.9%	232M YoY+85.6%
Net income	1.28B YoY+7.6%	1.19B YoY+20.3%	986M YoY-22.6%	1.27B YoY+36.0%	937M YoY+28.4%	730M YoY-10.9%
	$6.35 YoY+12.0%	$5.67 YoY+22.5%	$4.63 YoY-20.0%	$5.79 YoY+41.6%	$4.09 YoY+26.6%	$3.23 YoY-8.2%
EPS (basic)	$6.41 YoY+10.3%	$5.81 YoY+22.6%	$4.74 YoY-19.3%	$5.87 YoY+39.8%	$4.20 YoY+27.7%	$3.29 YoY-7.6%
Weighted-avg shares (basic)	199M YoY-2.5%	204M YoY-1.9%	208M YoY-4.1%	217M YoY-2.7%	223M YoY+0.5%	222M YoY-3.5%
Weighted-avg shares (diluted)	201M YoY-3.8%	209M YoY-1.9%	213M YoY-3.2%	220M YoY-3.9%	229M YoY+1.3%	226M YoY-3.0%
Dividends per share	$2.08 YoY+0.0%	$2.08 YoY+4.0%	$2.00 YoY+0.0%	$2.00 YoY+0.0%	$2.00 YoY+4.2%	$1.92 YoY+0.0%
Balance Sheet	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
	5.78B YoY-1.3%	5.85B YoY+19.5%	4.90B YoY+4.6%	4.68B YoY-21.3%	5.95B YoY-0.9%	6.00B YoY+40.4%
Cash & equivalents	2.07B YoY-24.5%	2.74B YoY+44.1%	1.90B YoY-17.8%	2.32B YoY-43.7%	4.11B YoY-9.2%	4.53B YoY+70.4%
Short-term investments	1.51B YoY+37.1%	1.10B YoY-18.2%	1.35B YoY+78.9%	754M YoY+3327.3%	22.0M YoY-67.2%	67.0M YoY-70.1%
Cash & short-term investments	3.58B YoY-6.8%	3.85B YoY+18.3%	3.25B YoY+5.9%	3.07B YoY+0.0%	3.07B YoY-33.2%	4.60B YoY+59.5%
Accounts receivable	1.29B YoY+3.2%	1.25B YoY+23.7%	1.01B YoY+2.0%	987M YoY-19.8%	1.23B YoY+30.2%	945M YoY-2.9%
Inventory	198M YoY+6.5%	186M YoY+0.0%	186M YoY+11.4%	167M YoY-18.1%	204M YoY+78.9%	114M YoY-21.4%
Prepaid expenses	234M YoY+0.0%	234M YoY+0.0%	234M YoY+0.0%	234M YoY+0.0%	234M YoY+0.0%	234M YoY+0.0%
Other current assets	708M YoY+23.6%	573M YoY+26.8%	452M YoY-0.9%	456M YoY+21.0%	377M YoY+9.0%	346M YoY+26.3%
	10.7B YoY-0.7%	10.8B YoY+9.5%	9.89B YoY+0.7%	9.82B YoY-2.1%	10.0B YoY+7.1%	9.36B YoY+24.4%
Property, plant & equipment	592M YoY+5.2%	563M YoY-6.8%	604M YoY-7.1%	650M YoY+8.0%	602M YoY+14.7%	525M YoY-27.8%
Operating lease right-of-use	228M YoY-5.4%	241M YoY-2.4%	247M YoY-12.1%	281M YoY-4.4%	294M YoY+157.9%	114M YoY-16.8%
Goodwill	2.77B YoY+1.8%	2.72B YoY-1.3%	2.76B YoY+0.0%	2.76B YoY+17.6%	2.35B YoY+15.1%	2.04B YoY+14.7%
Intangible assets	22.0M YoY-48.8%	43.0M YoY-65.3%	124M YoY-31.5%	181M YoY+27.5%	142M YoY+40.6%	101M YoY+129.5%
Deferred tax assets	859M YoY-13.6%	994M YoY+10.9%	896M YoY-5.5%	948M YoY+161.9%	362M YoY+65.3%	219M YoY-0.5%
Other non-current assets	1.58B YoY-3.7%	1.64B YoY+9.3%	1.50B YoY-2.9%	1.55B YoY+56.2%	991M YoY+42.8%	694M YoY-0.7%
	4.02B YoY-13.7%	4.66B YoY+13.5%	4.11B YoY+18.4%	3.47B YoY-12.3%	3.95B YoY+14.5%	3.45B YoY-4.5%
Accounts payable	550M YoY+7.6%	511M YoY-1.2%	517M YoY+31.9%	392M YoY-35.4%	607M YoY+44.5%	420M YoY-1.4%
Accrued liabilities	1.15B YoY+2.6%	1.12B YoY+10.8%	1.01B YoY+18.2%	857M YoY-7.4%	925M YoY-4.6%	970M YoY+25.3%
Deferred revenue	2.32B YoY+1.8%	2.28B YoY+4.7%	2.18B YoY-1.9%	2.22B YoY+2.2%	2.17B YoY+5.3%	2.06B YoY+8.9%
Short-term & current debt	0.00 YoY-100.0%	750M YoY+87.5%	400M	0.00 YoY-100.0%	250M	0.00
Current lease liability	42.0M YoY+5.0%	40.0M YoY+0.0%	40.0M YoY-14.9%	47.0M YoY+0.0%	47.0M YoY-4.1%	49.0M YoY-3.9%
Other current liabilities	335M YoY+0.0%	335M YoY+0.0%	335M YoY+0.0%	335M YoY+0.0%	335M YoY+0.0%	335M YoY+0.0%
	9.39B YoY-4.0%	9.78B YoY+11.9%	8.74B YoY+0.9%	8.66B YoY-5.8%	9.19B YoY+5.9%	8.68B YoY+19.2%
Long-term debt	2.49B YoY+0.1%	2.48B YoY+24.7%	1.99B YoY-16.6%	2.39B YoY+0.1%	2.39B YoY-9.3%	2.63B YoY+129.7%
Deferred revenue (non-current)	2.52B YoY+11.9%	2.26B YoY+9.7%	2.06B YoY-1.8%	2.10B YoY+1.6%	2.06B YoY+6.2%	1.94B YoY+7.6%
Non-current lease liability	204M YoY-5.6%	216M YoY-1.8%	220M YoY-11.3%	248M YoY-3.5%	257M YoY+262.0%	71.0M YoY-23.7%
Other non-current liabilities	360M YoY-5.0%	379M YoY-35.2%	585M YoY-17.4%	708M YoY-10.2%	788M YoY+21.2%	650M YoY-9.0%
	1.35B YoY+29.9%	1.04B YoY-9.2%	1.15B YoY-1.1%	1.16B YoY+38.3%	838M YoY+22.3%	685M YoY+183.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00	0.00
Common stock	300K YoY+0.0%	300K YoY+0.0%	300K YoY+0.0%	300K YoY+0.0%	300K YoY+0.0%	300K YoY+0.0%
Additional paid-in capital	3.38B YoY+0.0%	3.38B YoY+0.0%	3.38B YoY+0.0%	3.38B YoY+0.0%	3.38B YoY+0.0%	3.38B YoY+0.0%
Retained earnings	153M	0.00 YoY-100.0%	208M YoY-21.5%	265M YoY+117.2%	122M YoY-42.2%	211M
Treasury stock	0.00	0.00	0.00	0.00	0.00	0.00
Accumulated other comprehensive income	-11.0M YoY+83.3%	-66.0M YoY-11.9%	-59.0M YoY-15.7%	-51.0M YoY-15.9%	-44.0M YoY-46.7%	-30.0M YoY+28.6%
Total liabilities & equity	10.7B YoY-0.7%	10.8B YoY+9.5%	9.89B YoY+0.7%	9.82B YoY-2.1%	10.0B YoY+7.1%	9.36B YoY+24.4%
Common shares issued	196M YoY-2.5%	201M YoY-2.4%	206M YoY-2.8%	212M YoY-3.6%	220M YoY-0.9%	222M YoY+1.4%
Common shares outstanding	196M YoY-2.5%	201M YoY-2.4%	206M YoY-2.8%	212M YoY-3.6%	220M YoY-0.9%	222M YoY+1.4%
Shares outstanding (cover)	197M YoY-3.0%	203M YoY+885.6%	20.6M YoY-90.4%	214M YoY-3.9%	223M YoY-0.0%	223M YoY+0.6%
Cash Flow	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
	2.07B YoY+37.3%	1.51B YoY-10.6%	1.69B YoY+52.2%	1.11B YoY-8.6%	1.21B YoY-9.2%	1.33B YoY+25.8%
Depreciation & amortization	179M YoY-8.7%	196M YoY-1.0%	198M YoY+9.4%	181M YoY+22.3%	148M YoY-28.5%	207M YoY+34.4%
Share-based compensation	382M YoY-1.0%	386M YoY+8.1%	357M YoY+14.4%	312M YoY+27.3%	245M YoY+24.4%	197M YoY+28.8%
Deferred income taxes	135M YoY+235.0%	-100M YoY-288.7%	53.0M YoY+108.7%	-606M YoY-320.8%	-144M YoY-2300.0%	-6.00M YoY+64.7%
Change in receivables	36.0M YoY-83.6%	219M YoY+563.6%	33.0M YoY+112.7%	-260M YoY-183.1%	313M YoY+604.8%	-62.0M YoY+73.9%
Change in inventory	12.0M YoY+1100.0%	1.00M YoY-94.4%	18.0M YoY+148.6%	-37.0M YoY-141.1%	90.0M YoY+390.3%	-31.0M YoY-321.4%
Other operating activities	55.0M	0.00 YoY+100.0%	-13.0M YoY+80.6%	-67.0M YoY-24.1%	-54.0M YoY-325.0%	24.0M YoY+2300.0%
	-595M YoY-504.8%	147M YoY+120.0%	-735M YoY+47.1%	-1.39B YoY-147.8%	-561M YoY-2771.4%	21.0M YoY-98.3%
Capital expenditure	198M YoY+17.9%	168M YoY+8.4%	155M YoY-35.1%	239M YoY+5.8%	226M YoY+39.5%	162M YoY+30.6%
Acquisitions	—	0.00	0.00 YoY-100.0%	491M YoY+29.2%	380M YoY+8.6%	350M YoY+379.5%
Purchases of investments	2.76B YoY+54.8%	1.78B YoY-32.4%	2.63B YoY+107.6%	1.27B YoY+6950.0%	18.0M YoY+260.0%	5.00M YoY-61.5%
Sales/maturities of investments	2.35B YoY+15.7%	2.03B YoY-1.4%	2.06B YoY+273.6%	550M YoY+773.0%	63.0M YoY-61.8%	165M YoY-88.1%
Proceeds from sale of PP&E	—	—	—	0.00	0.00 YoY-100.0%	371M YoY+286.5%
Other investing activities	-15.0M YoY+78.6%	-70.0M	0.00 YoY+100.0%	-59.0M	0.00 YoY+100.0%	-2.00M
	-2.15B YoY-159.3%	-828M YoY+38.4%	-1.34B YoY+11.2%	-1.51B YoY-48.8%	-1.02B YoY-329.1%	444M YoY+122.7%
Common stock repurchased	950M YoY-17.4%	1.15B YoY+27.8%	900M YoY+5.9%	850M YoY+41.7%	600M YoY+380.0%	125M YoY-91.1%
Dividends paid	413M YoY-2.6%	424M YoY+1.9%	416M YoY-3.7%	432M YoY-3.1%	446M YoY+4.4%	427M YoY-2.7%
FX effect on cash	1.00M YoY-93.3%	15.0M YoY+178.9%	-19.0M YoY-1800.0%	-1.00M YoY+98.0%	-49.0M YoY-169.0%	71.0M YoY+308.8%
Net change in cash	-674M YoY-180.2%	840M YoY+303.4%	-413M YoY+77.0%	-1.80B YoY-332.0%	-416M YoY-122.3%	1.87B YoY+457.9%
Interest paid	109M YoY+105.7%	53.0M YoY-10.2%	59.0M YoY-9.2%	65.0M YoY-3.0%	67.0M YoY+17.5%	57.0M YoY+14.0%
Income taxes paid	435M YoY+5.6%	412M YoY+15.4%	357M YoY-7.5%	386M YoY-3.0%	398M YoY+17.8%	338M YoY+22.5%
Valuation Ratios	as ofApr 24 ’26	as ofApr 25 ’25	as ofApr 26 ’24	as ofApr 28 ’23	as ofApr 29 ’22	as ofApr 30 ’21
Market cap	21.5B YoY+19.2%	18.0B YoY+760.3%	2.09B YoY-84.5%	13.5B YoY-17.5%	16.3B YoY-2.0%	16.6B YoY+74.6%
P/E	16.8× YoY+10.8%	15.2× YoY+615.3%	2.1× YoY-79.9%	10.6× YoY-39.3%	17.4× YoY-23.6%	22.8× YoY+95.9%
P/S	3.1× YoY+13.2%	2.7× YoY+720.6%	0.3× YoY-84.2%	2.1× YoY-18.0%	2.6× YoY-10.9%	2.9× YoY+64.5%
P/B	15.9× YoY-8.2%	17.3× YoY+848.0%	1.8× YoY-84.3%	11.6× YoY-40.3%	19.5× YoY-19.9%	24.3× YoY-38.3%
P/FCF	11.5× YoY-14.6%	13.4× YoY+883.8%	1.4× YoY-91.2%	15.5× YoY-6.3%	16.5× YoY+16.6%	14.2× YoY+39.5%
Earnings yield	5.9% YoY-9.8%	6.6% YoY-86.0%	47.1% YoY+397.9%	9.5% YoY+64.8%	5.7% YoY+30.9%	4.4% YoY-48.9%
FCF yield	8.7% YoY+17.2%	7.4% YoY-89.8%	73.2% YoY+1033.9%	6.5% YoY+6.8%	6.0% YoY-14.2%	7.0% YoY-28.3%
Dividend yield	1.9% YoY-18.6%	2.4% YoY+19.1%	2.0% YoY-37.9%	3.2% YoY+16.5%	2.7% YoY+6.2%	2.6% YoY-42.3%
Source filing	10-K	10-K	10-K	10-K	10-K	10-K

About this data

Source: NTAP's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NTAP filings on SEC EDGAR → Not investment advice.

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