← NetApp, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Total Revenue $5.5b $5.9b $6.1b $5.4b $5.7b $6.3b $6.4b $6.3b $6.6b $6.9b
Cost of Revenue $2.1b $2.2b $2.2b $1.8b $1.9b $2.1b $2.2b $1.8b $2.0b $2.0b
Gross Profit $3.4b $3.7b $3.9b $3.6b $3.8b $4.2b $4.2b $4.4b $4.6b $4.9b
Operating Expenses $2.7b $2.6b $2.7b $2.7b $2.8b $3.1b $3.2b $3.2b $3.3b $3.2b
Operating Income (Loss) $665.0m $1.1b $1.2b $945.0m $1.0b $1.2b $1.0b $1.2b $1.3b $1.7b
Additional Financial Items
Amortization of Intangible Assets $48.0m $53.0m $46.0m $39.0m $49.0m $46.0m $68.0m $57.0m $47.0m $21.0m
Income (Loss) from Continuing Operations before Income Taxes, Domestic $206.0m $565.0m $678.0m $379.0m $433.0m $546.0m $420.0m $472.0m $606.0m $718.0m
Investment Income, Interest $44.0m $79.0m $88.0m $48.0m $9.0m $7.0m $69.0m $112.0m $112.0m $113.0m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $665.0m $1.2b $1.3b $944.0m $962.0m $1.1b $1.1b $1.3b $1.4b $1.6b
Net Income (Loss) Attributable to Parent $509.0m $76.0m $1.2b $819.0m $730.0m $937.0m $1.3b $986.0m $1.2b $1.3b
Earnings Per Share, Basic $1.85 $0.28 $4.60 $3.56 $3.29 $4.20 $5.87 $4.74 $5.81 $6.41
Earnings Per Share, Diluted $1.81 $0.28 $4.51 $3.52 $3.23 $4.09 $5.79 $4.63 $5.67 $6.35
Common Stock, Dividends, Per Share, Declared $0.76 $0.80 $1.60 $1.92 $1.92 $2.00 $2.00 $2.00 $2.08 $2.08
Weighted Average Number of Shares Outstanding, Basic 275.0m 268.0m 254.0m 230.0m 222.0m 223.0m 217.0m 208.0m 204.0m 199.0m
Weighted Average Number of Shares Outstanding, Diluted 281.0m 276.0m 259.0m 233.0m 226.0m 229.0m 220.0m 213.0m 209.0m 201.0m
Other income (expense):
Research and Development Expense $779.0m $783.0m $827.0m $847.0m $881.0m $881.0m $956.0m $1.0b $1.0b $991.0m
Selling and Marketing Expense $1.6b $1.7b $1.7b $1.6b $1.7b $1.9b $1.8b $1.8b $1.9b $1.9b
General and Administrative Expense $271.0m $280.0m $278.0m $263.0m $257.0m $279.0m $265.0m $308.0m $311.0m $344.0m
Other Nonoperating Income (Expense) $8.0m $24.0m $17.0m $6.0m ($4.0m) ($4.0m) $46.0m $1.0m ($2.0m) ($30.0m)
Interest Expense (non-operating) — — — — — — — — $64.0m $109.0m
Business Combination, Acquisition Related Costs — — — — $16.0m $13.0m $21.0m $10.0m $5.0m $0
Current Income Tax Expense (Benefit) $66.0m $813.0m $102.0m $142.0m $238.0m $302.0m $398.0m $224.0m $297.0m $237.0m
Interest Expense $52.0m $62.0m $58.0m $55.0m $74.0m $73.0m $67.0m $64.0m — —
Income Tax Expense (Benefit) $156.0m $1.1b $99.0m $125.0m $232.0m $158.0m ($208.0m) $277.0m $197.0m $372.0m
Nonoperating Income (Expense) $0 $41.0m $47.0m ($1.0m) ($69.0m) ($62.0m) $48.0m $49.0m $46.0m ($26.0m)
Other Operating Income (Expense), Net $665.0m $1.1b $1.2b $945.0m $1.0b $1.2b $1.0b $1.2b $1.3b ($26.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.