Net Income for NetApp (NTAP)
According to NetApp's latest reported financial statements, the company's current net income (TTM) is $1.21B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NTAP
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$1.21B
YoY change
+20.3%
5Y CAGR
+7.7%
Peak year (2023)
$1.27B
Cumulative net income
$12.93B
Net Income history chart for NetApp (NTAP) from 1996 to 2025
Net Income history table for NetApp (NTAP) from 1996 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $1.19B | +20.3% | ||
| 2024 | $986.00M | -22.6% | ||
| 2023 | $1.27B | +36.0% | ||
| 2022 | $937.00M | +28.4% | ||
| 2021 | $730.00M | -10.9% | ||
| 2020 | $819.00M | -29.9% | ||
| 2019 | $1.17B | +1438.2% | ||
| 2018 | $76.00M | -85.1% | ||
| 2017 | $509.00M | +122.3% | ||
| 2016 | $229.00M | -59.1% | ||
| 2015 | $559.90M | -12.2% | ||
| 2014 | $637.50M | +26.2% | ||
| 2013 | $505.30M | -16.5% | ||
| 2012 | $605.40M | -10.1% | ||
| 2011 | $673.10M | +68.1% | ||
| 2010 | $400.40M | +362.6% | ||
| 2009 | $86.55M | -72.1% | ||
| 2008 | $309.74M | +4.0% | ||
| 2007 | $297.74M | +11.7% | ||
| 2006 | $266.45M | +18.0% | ||
| 2005 | $225.75M | +48.4% | ||
| 2004 | $152.09M | +98.9% | ||
| 2003 | $76.47M | +2421.3% | ||
| 2002 | $3.03M | -95.9% | ||
| 2001 | $74.89M | +1.5% | ||
| 2000 | $73.79M | +107.2% | ||
| 1999 | $35.61M | +69.9% | ||
| 1998 | $20.96M | +8286.0% | ||
| 1997 | $250,000 | -96.2% | ||
| 1996 | $6.60M | — |
Net Income 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
As of the 2025 fiscal year, NetApp (NTAP) reported net income of $1.19B – grew 20.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, NetApp net income compounded at +7.7% per year, with the latest reading among the more recent periods of the dataset.
NetApp net income peaked at $1.27B in 2023; the latest annual figure is $1.19B in 2025 (6.9% below peak).
The dataset's maximum net income sits at $1.27B (2023); the minimum reading of $250,000 dates to 1997.
Within Technology, NetApp (NTAP) ranks 9th among 8 peers we track. The peer median for net income is $62.48B.
NetApp Net Income by Year
NetApp Net Income 2025: $1.19B
NetApp net income in 2025 was $1.19B, grew 20.3% from 2024.
NetApp Net Income 2024: $986.00M
NetApp net income in 2024 was $986.00M, declined 22.6% below 2023.
NetApp Net Income 2023: $1.27B
NetApp net income in 2023 was $1.27B, surged 36.0% from 2022. This figure represents the highest annual value in the available history.
NetApp Net Income 2022: $937.00M
NetApp net income in 2022 was $937.00M, grew 28.4% from 2021.
NetApp Net Income 2021: $730.00M
NetApp net income in 2021 was $730.00M.
See more financial history for NetApp (NTAP).
Sector peers — Net Income
Companies in the same sector as NetApp, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.74T | Technology |
| NVIDIA Corporation (NVDA) | $120.07B | Technology |
| Apple Inc. (AAPL) | $112.01B | Technology |
| Microsoft Corporation (MSFT) | $101.83B | Technology |
| Broadcom Inc. (AVGO) | $23.13B | Technology |
| ASML Holding N.V. (ASML) | $9.61B | Technology |
| Micron Technology, Inc. (MU) | $8.54B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $4.33B | Technology |
Frequently asked questions
What is NetApp's net income?
- Latest reported net income for NetApp (NTAP) is $1.21B (period ending January 23, 2026).
How has NetApp net income changed year-over-year?
- NetApp (NTAP) net income changed +20.3% year-over-year on the latest annual filing.
What is the long-term growth rate of NetApp net income?
- NetApp (NTAP) net income compound annual growth rate is +7.7% over the most recent 5 years available.
When did NetApp net income hit its highest annual value?
- NetApp net income reached its highest annual value of $1.27B in 2023.
What was NetApp net income in 2024?
- NetApp (NTAP) net income in 2024 was $986.00M.
What was NetApp net income in 2025?
- NetApp (NTAP) net income in 2025 was $1.19B.
Metrics overview
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