NVIDIA Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Quarter	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	+20 Quarters
Period Ending	Jul '25 Jul 27, 2025	Apr '25 Apr 27, 2025	Jan '25 Jan 26, 2025	Oct '24 Oct 27, 2024	Jul '24 Jul 28, 2024	Apr '24 Apr 28, 2024	Jan '24 Jan 28, 2024	Oct '23 Oct 29, 2023	Jul '23 Jul 30, 2023	Apr '23 Apr 30, 2023	Jan '23 Jan 29, 2023	Oct '22 Oct 30, 2022	Jul '22 Jul 31, 2022	May '22 May 1, 2022	Jan '22 Jan 30, 2022	Oct '21 Oct 31, 2021	Aug '21 Aug 1, 2021	May '21 May 2, 2021	Jan '21 Jan 31, 2021	Oct '20 Oct 25, 2020	+20 Quarters
Revenue	165,218	148,515	130,497	113,269	96,307	79,774	60,922	44,870	32,681	25,878	26,974	28,566	29,738	29,541	26,914	24,274	21,897	19,256	16,675	14,777	Upgrade
Revenue Growth (YoY)	71.55%	86.17%	114.20%	152.44%	194.69%	208.27%	125.86%	57.07%	9.90%	-12.40%	0.22%	17.68%	35.81%	53.41%	61.40%	64.27%	67.60%	63.49%	52.73%	47.50%	Upgrade
Cost of Revenue	49,818	44,395	32,639	27,343	23,137	19,715	16,621	13,527	11,561	11,305	11,618	12,044	11,761	10,264	9,439	8,642	7,936	7,074	6,118	5,361	Upgrade
Gross Profit	115,400	104,120	97,858	85,926	73,170	60,059	44,301	31,343	21,120	14,573	15,356	16,522	17,977	19,277	17,475	15,632	13,961	12,182	10,557	9,416	Upgrade
Selling, General & Admin	4,036	3,755	3,491	3,228	3,019	2,798	2,654	2,567	2,510	2,481	2,440	2,378	2,303	2,238	2,166	2,078	2,038	2,139	1,912	1,724	Upgrade
Research & Development	15,384	14,183	12,914	11,665	10,569	9,520	8,675	8,162	7,812	7,596	7,339	6,853	6,313	5,733	5,268	4,948	4,590	4,342	3,924	3,516	Upgrade
Operating Expenses	19,420	17,938	16,405	14,893	13,588	12,318	11,329	10,729	10,322	10,077	9,779	9,231	8,616	7,971	7,434	7,026	6,628	6,481	5,836	5,240	Upgrade
Operating Income	95,980	86,182	81,453	71,033	59,582	47,741	32,972	20,614	10,798	4,496	5,577	7,291	9,361	11,306	10,041	8,606	7,333	5,701	4,721	4,176	Upgrade
Interest Expense	-246	-246	-247	-249	-251	-255	-257	-258	-261	-260	-262	-259	-255	-251	-236	-228	-219	-212	-184	-144	Upgrade
Interest & Investment Income	2,091	1,942	1,786	1,569	1,331	1,075	866	687	541	399	267	161	80	41	29	27	26	32	57	91	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	4	-	-	Upgrade
Other Non Operating Income (Expenses)	-14	-7	4	-2	2	6	-1	-9	-11	-15	-3	5	-8	7	7	4	17	12	4	2	Upgrade
EBT Excluding Unusual Items	97,811	87,871	82,996	72,351	60,664	48,567	33,580	21,034	11,067	4,620	5,579	7,198	9,178	11,103	9,841	8,413	7,161	5,537	4,598	4,125	Upgrade
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-1,353	-1,353	-1,353	-1,353	-	-28	-28	-189	-189	-161	Upgrade
Gain (Loss) on Sale of Investments	2,839	786	1,030	564	457	321	238	-34	24	-35	-45	-87	-42	-48	100	161	123	124	-	-9	Upgrade
Pretax Income	100,650	88,657	84,026	72,915	61,121	48,888	33,818	21,000	11,091	4,585	4,181	5,758	7,783	9,702	9,941	8,546	7,256	5,472	4,409	3,955	Upgrade
Income Tax Expense	14,053	11,883	11,146	9,841	8,113	6,290	4,058	2,111	765	-208	-187	-199	42	244	189	340	178	145	77	129	Upgrade
Net Income	86,597	76,774	72,880	63,074	53,008	42,598	29,760	18,889	10,326	4,793	4,368	5,957	7,741	9,458	9,752	8,206	7,078	5,327	4,332	3,826	Upgrade
Net Income to Common	86,597	76,774	72,880	63,074	53,008	42,598	29,760	18,889	10,326	4,793	4,368	5,957	7,741	9,458	9,752	8,206	7,078	5,327	4,332	3,826	Upgrade
Net Income Growth	63.37%	80.23%	144.89%	233.92%	413.34%	788.75%	581.32%	217.09%	33.39%	-49.32%	-55.21%	-27.41%	9.37%	77.55%	125.11%	114.48%	108.91%	60.50%	54.94%	58.69%	Upgrade
Shares Outstanding (Basic)	24,458	24,510	24,555	24,598	24,632	24,670	24,690	24,683	24,728	24,780	24,870	24,975	25,015	25,015	24,960	24,888	24,815	24,740	24,670	24,570	Upgrade
Shares Outstanding (Diluted)	24,655	24,734	24,804	24,863	24,901	24,938	24,940	24,898	24,914	24,953	25,070	25,238	25,335	25,373	25,350	25,310	25,265	25,200	25,100	24,990	Upgrade
Shares Change (YoY)	-0.99%	-0.81%	-0.55%	-0.14%	-0.05%	-0.06%	-0.52%	-1.35%	-1.66%	-1.65%	-1.10%	-0.29%	0.28%	0.69%	1.00%	1.28%	1.55%	1.70%	1.54%	1.05%	Upgrade
EPS (Basic)	3.54	3.13	2.97	2.56	2.15	1.73	1.21	0.77	0.42	0.19	0.18	0.24	0.31	0.38	0.39	0.33	0.29	0.22	0.18	0.16	Upgrade
EPS (Diluted)	3.51	3.10	2.94	2.53	2.13	1.71	1.19	0.76	0.41	0.19	0.17	0.24	0.31	0.37	0.39	0.32	0.28	0.21	0.17	0.15	Upgrade
EPS Growth	64.84%	81.42%	147.06%	234.04%	414.05%	801.52%	600.00%	221.88%	35.27%	-49.16%	-55.84%	-27.51%	9.46%	75.73%	122.54%	112.16%	105.20%	58.65%	53.10%	56.79%	Upgrade
Free Cash Flow	72,023	72,064	60,853	56,546	46,786	39,334	27,021	17,515	10,323	5,101	3,808	4,829	6,264	7,926	8,132	7,156	6,665	5,516	4,694	4,230	Upgrade
Free Cash Flow Per Share	2.92	2.91	2.45	2.27	1.88	1.58	1.08	0.70	0.41	0.20	0.15	0.19	0.25	0.31	0.32	0.28	0.26	0.22	0.19	0.17	Upgrade
Dividend Per Share	0.040	0.040	0.034	0.028	0.022	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	0.016	Upgrade
Dividend Growth	81.82%	150.00%	112.50%	75.00%	37.50%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Upgrade
Gross Margin	69.85%	70.11%	74.99%	75.86%	75.98%	75.29%	72.72%	69.85%	64.63%	56.31%	56.93%	57.84%	60.45%	65.25%	64.93%	64.40%	63.76%	63.26%	63.31%	63.72%	Upgrade
Operating Margin	58.09%	58.03%	62.42%	62.71%	61.87%	59.85%	54.12%	45.94%	33.04%	17.37%	20.67%	25.52%	31.48%	38.27%	37.31%	35.45%	33.49%	29.61%	28.31%	28.26%	Upgrade
Profit Margin	52.41%	51.69%	55.85%	55.68%	55.04%	53.40%	48.85%	42.10%	31.60%	18.52%	16.19%	20.85%	26.03%	32.02%	36.23%	33.81%	32.32%	27.66%	25.98%	25.89%	Upgrade
Free Cash Flow Margin	43.59%	48.52%	46.63%	49.92%	48.58%	49.31%	44.35%	39.03%	31.59%	19.71%	14.12%	16.91%	21.06%	26.83%	30.21%	29.48%	30.44%	28.65%	28.15%	28.63%	Upgrade
EBITDA	98,281	88,247	83,317	72,741	61,184	49,275	34,480	22,161	12,379	6,090	7,121	8,718	10,680	12,533	11,215	9,759	8,487	6,973	5,819	5,092	Upgrade
EBITDA Margin	59.49%	59.42%	63.85%	64.22%	63.53%	61.77%	56.60%	49.39%	37.88%	23.53%	26.40%	30.52%	35.91%	42.43%	41.67%	40.20%	38.76%	36.21%	34.90%	34.46%	Upgrade
D&A For EBITDA	2,301	2,065	1,864	1,708	1,602	1,534	1,508	1,547	1,581	1,594	1,544	1,427	1,319	1,227	1,174	1,153	1,154	1,272	1,098	916	Upgrade
EBIT	95,980	86,182	81,453	71,033	59,582	47,741	32,972	20,614	10,798	4,496	5,577	7,291	9,361	11,306	10,041	8,606	7,333	5,701	4,721	4,176	Upgrade
EBIT Margin	58.09%	58.03%	62.42%	62.71%	61.87%	59.85%	54.12%	45.94%	33.04%	17.37%	20.67%	25.52%	31.48%	38.27%	37.31%	35.45%	33.49%	29.61%	28.31%	28.26%	Upgrade
Effective Tax Rate	13.96%	13.40%	13.26%	13.50%	13.27%	12.87%	12.00%	10.05%	6.90%	-	-	-	0.54%	2.51%	1.90%	3.98%	2.45%	2.65%	1.75%	3.26%	Upgrade

Updated Aug 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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