Gross Profit for NetApp (NTAP)
According to NetApp's latest reported financial statements, the company's current gross profit (TTM) is $4.73B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NTAP
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$4.73B
YoY change
+4.1%
5Y CAGR
+5.0%
Peak year (2025)
$4.61B
Cumulative gross profit
$71.36B
Gross Profit history chart for NetApp (NTAP) from 1996 to 2025
Gross Profit history table for NetApp (NTAP) from 1996 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $4.61B | +4.1% | ||
| 2024 | $4.43B | +5.3% | ||
| 2023 | $4.21B | -0.3% | ||
| 2022 | $4.22B | +10.6% | ||
| 2021 | $3.81B | +5.3% | ||
| 2020 | $3.62B | -8.2% | ||
| 2019 | $3.94B | +6.7% | ||
| 2018 | $3.70B | +9.1% | ||
| 2017 | $3.39B | +0.5% | ||
| 2016 | $3.37B | -12.0% | ||
| 2015 | $3.83B | -2.2% | ||
| 2014 | $3.92B | +4.2% | ||
| 2013 | $3.76B | +1.3% | ||
| 2012 | $3.71B | +11.6% | ||
| 2011 | $3.33B | +32.1% | ||
| 2010 | $2.52B | +26.6% | ||
| 2009 | $1.99B | -1.2% | ||
| 2008 | $2.01B | +18.1% | ||
| 2007 | $1.70B | +35.7% | ||
| 2006 | $1.26B | +28.9% | ||
| 2005 | $975.05M | +38.4% | ||
| 2004 | $704.52M | +28.9% | ||
| 2003 | $546.43M | +13.7% | ||
| 2002 | $480.52M | -20.5% | ||
| 2001 | $604.48M | +76.0% | ||
| 2000 | $343.45M | +100.5% | ||
| 1999 | $171.30M | +73.7% | ||
| 1998 | $98.61M | +78.4% | ||
| 1997 | $55.27M | +112.0% | ||
| 1996 | $26.07M | — |
Gross Profit values are taken from NetApp's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, NetApp (NTAP) gross profit totalled $4.61B – edged up 4.1% year-over-year.
Through 2020–2025 (5 years), NetApp gross profit delivered a +5.0% annualised rate; sustaining 2 straight years of year-over-year growth.
The dataset's maximum gross profit sits at $4.61B (2025); the minimum reading of $26.07M dates to 1996.
Within Technology, NetApp (NTAP) ranks 9th among 8 peers we track. The peer median for gross profit is $98.38B.
NetApp Gross Profit by Year
NetApp Gross Profit 2025: $4.61B
NetApp gross profit in 2025 was $4.61B, edged up 4.1% from 2024. This figure represents the highest annual value in the available history.
NetApp Gross Profit 2024: $4.43B
NetApp gross profit in 2024 was $4.43B, grew 5.3% from 2023.
NetApp Gross Profit 2023: $4.21B
NetApp gross profit in 2023 was $4.21B, edged down 0.3% below 2022.
NetApp Gross Profit 2022: $4.22B
NetApp gross profit in 2022 was $4.22B, grew 10.6% from 2021.
NetApp Gross Profit 2021: $3.81B
NetApp gross profit in 2021 was $3.81B.
See more financial history for NetApp (NTAP).
Sector peers — Gross Profit
Companies in the same sector as NetApp, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $2.30T | Technology |
| Apple Inc. (AAPL) | $195.20B | Technology |
| Microsoft Corporation (MSFT) | $193.89B | Technology |
| NVIDIA Corporation (NVDA) | $153.46B | Technology |
| Broadcom Inc. (AVGO) | $43.29B | Technology |
| ASML Holding N.V. (ASML) | $17.26B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $17.15B | Technology |
| Micron Technology, Inc. (MU) | $14.87B | Technology |
Frequently asked questions
What is NetApp's gross profit?
- Latest reported gross profit for NetApp (NTAP) is $4.73B (period ending January 23, 2026).
How has NetApp gross profit changed year-over-year?
- NetApp (NTAP) gross profit changed +4.1% year-over-year on the latest annual filing.
What is the long-term growth rate of NetApp gross profit?
- NetApp (NTAP) gross profit compound annual growth rate is +5.0% over the most recent 5 years available.
When did NetApp gross profit hit its highest annual value?
- NetApp gross profit reached its highest annual value of $4.61B in 2025.
What was NetApp gross profit in 2024?
- NetApp (NTAP) gross profit in 2024 was $4.43B.
What was NetApp gross profit in 2025?
- NetApp (NTAP) gross profit in 2025 was $4.61B.
Metrics overview
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