Discontinued — last reported Q4 '25
Contract Liabilities
NetApp Contract Liabilities increased by 2.5% to $2.36B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.9%, from $2.05B to $2.36B. Over 4 years (FY 2021 to FY 2025), Contract Liabilities shows an upward trend with a 3.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong future revenue visibility and customer demand, while a decrease may indicate faster fulfillment or slowing sales.
Detailed definition
This represents the obligation to transfer goods or services to a customer for which the company has already received co...
Peer comparison
Common in companies with long-term service contracts or subscription-based diagnostic models; peers with high recurring revenue often show higher balances.
contract_liabilitiesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.94B | $1.92B | $1.90B | $1.91B | $2.06B | $2.08B | $2.06B | $2.09B | $2.10B | $2.06B | $2.00B | $2.03B | $2.06B | $2.04B | $2.06B | $2.05B | $2.26B | $2.26B | $2.30B | $2.36B |
| QoQ Change | — | -1.3% | -0.9% | +0.4% | +8.1% | +1.0% | -1.1% | +1.5% | +0.2% | -1.9% | -2.7% | +1.8% | +1.2% | -1.1% | +0.9% | -0.1% | +10.0% | -0.0% | +2.0% | +2.5% |
| YoY Change | — | — | — | — | +6.2% | +8.7% | +8.4% | +9.7% | +1.6% | -1.3% | -2.9% | -2.7% | -1.8% | -0.9% | +2.8% | +0.9% | +9.7% | +10.8% | +12.0% | +14.9% |
Product Breakdown
| Segment | Q2 '24 |
|---|---|
| Reported | $4.23B |
| Deferred Services Revenue | $4.12B |
| Deferred Product Revenue | $59.00M |
| Financed Unearned Services Revenue | $52.00M |
| Total | $2.06B |
Contract Liabilities at Other Companies
Frequently Asked Questions
- What is NetApp's contract liabilities?
- NetApp (NTAP) reported contract liabilities of $2.36B in Q4 2025.
- How has NetApp's contract liabilities changed year-over-year?
- NetApp's contract liabilities increased by 14.9% year-over-year, from $2.05B to $2.36B.
- What is the long-term trend for NetApp's contract liabilities?
- Over 4 years (2021 to 2025), NetApp's contract liabilities has grown at a 3.8% compound annual growth rate (CAGR), from $1.94B to $2.26B.
- What does contract liabilities mean?
- Money received from customers for products or services that have not yet been delivered.