Operating Income for NetApp (NTAP)
According to NetApp's latest reported financial statements, the company's current operating income (TTM) is $1.49B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
NTAP
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.49B
YoY change
+10.1%
5Y CAGR
+7.2%
Peak year (2025)
$1.34B
Cumulative operating income
$15.96B
Operating Income history chart for NetApp (NTAP) from 1996 to 2025
Operating Income history table for NetApp (NTAP) from 1996 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.34B | +10.1% | ||
| 2024 | $1.21B | +19.3% | ||
| 2023 | $1.02B | -12.0% | ||
| 2022 | $1.16B | +12.2% | ||
| 2021 | $1.03B | +9.1% | ||
| 2020 | $945.00M | -22.6% | ||
| 2019 | $1.22B | +8.5% | ||
| 2018 | $1.13B | +69.2% | ||
| 2017 | $665.00M | +91.1% | ||
| 2016 | $348.00M | -51.4% | ||
| 2015 | $716.50M | -2.4% | ||
| 2014 | $734.30M | +20.8% | ||
| 2013 | $607.80M | -18.6% | ||
| 2012 | $746.50M | -9.4% | ||
| 2011 | $824.30M | +68.8% | ||
| 2010 | $488.40M | +935.3% | ||
| 2009 | $47.17M | -85.0% | ||
| 2008 | $313.60M | +4.1% | ||
| 2007 | $301.24M | -2.3% | ||
| 2006 | $308.29M | +21.8% | ||
| 2005 | $253.19M | +59.8% | ||
| 2004 | $158.46M | +80.9% | ||
| 2003 | $87.61M | -8349.2% | ||
| 2002 | -$1.06M | -101.0% | ||
| 2001 | $109.66M | +4.1% | ||
| 2000 | $105.37M | +91.1% | ||
| 1999 | $55.13M | +68.8% | ||
| 1998 | $32.66M | +959.3% | ||
| 1997 | $3.08M | -48.6% | ||
| 1996 | $6.00M | — |
Operating 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 operating income of $1.34B – grew 10.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, NetApp operating income compounded at +7.2% per year, sustaining 2 straight years of year-over-year growth.
2025 marks the peak operating income at $1.34B, with the historical low of -$1.06M recorded in 2002.
Among 8 Technology peers, NetApp (NTAP) ranks 9th; the peer median for operating income is $77.01B.
NetApp Operating Income by Year
NetApp Operating Income 2025: $1.34B
NetApp operating income in 2025 was $1.34B, grew 10.1% from 2024. This figure represents the highest annual value in the available history.
NetApp Operating Income 2024: $1.21B
NetApp operating income in 2024 was $1.21B, grew 19.3% from 2023.
NetApp Operating Income 2023: $1.02B
NetApp operating income in 2023 was $1.02B, declined 12.0% below 2022.
NetApp Operating Income 2022: $1.16B
NetApp operating income in 2022 was $1.16B, grew 12.2% from 2021.
NetApp Operating Income 2021: $1.03B
NetApp operating income in 2021 was $1.03B.
See more financial history for NetApp (NTAP).
Sector peers — Operating Income
Companies in the same sector as NetApp, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is NetApp's operating income?
- Latest reported operating income for NetApp (NTAP) is $1.49B (period ending January 23, 2026).
How has NetApp operating income changed year-over-year?
- NetApp (NTAP) operating income changed +10.1% year-over-year on the latest annual filing.
What is the long-term growth rate of NetApp operating income?
- NetApp (NTAP) operating income compound annual growth rate is +7.2% over the most recent 5 years available.
When did NetApp operating income hit its highest annual value?
- NetApp operating income reached its highest annual value of $1.34B in 2025.
What was NetApp operating income in 2024?
- NetApp (NTAP) operating income in 2024 was $1.21B.
What was NetApp operating income in 2025?
- NetApp (NTAP) operating income in 2025 was $1.34B.
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