NVIDIA Corporation (NVDA)

NVIDIA Income Statement

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

Fiscal Quarter	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	Q2 2021
Period Ending	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020
Revenue	44,062	39,331	35,082	30,040	26,044	22,103	18,120	13,507	7,192	6,051	5,931	6,704	8,288	7,643	7,103	6,507	5,661	5,003	4,726	3,866
Revenue Growth (YoY)	69.18%	77.94%	93.61%	122.40%	262.13%	265.28%	205.51%	101.48%	-13.22%	-20.83%	-16.50%	3.03%	46.41%	52.77%	50.30%	68.31%	83.80%	61.13%	56.80%	49.90%
Cost of Revenue	17,394	10,608	8,926	7,466	5,638	5,312	4,720	4,045	2,544	2,218	2,754	3,789	2,857	2,644	2,472	2,292	2,032	1,847	1,766	1,430
Gross Profit	26,668	28,723	26,156	22,574	20,406	16,791	13,400	9,462	4,648	3,833	3,177	2,915	5,431	4,999	4,631	4,215	3,629	3,156	2,960	2,436
Selling, General & Admin	1,041	975	897	842	777	712	689	622	633	625	631	592	592	563	557	526	520	475	515	627
Research & Development	3,989	3,714	3,390	3,090	2,720	2,465	2,294	2,040	1,875	1,952	1,945	1,824	1,618	1,466	1,403	1,245	1,153	1,146	1,047	997
Operating Expenses	5,030	4,689	4,287	3,932	3,497	3,177	2,983	2,662	2,508	2,577	2,576	2,416	2,210	2,029	1,960	1,771	1,673	1,621	1,562	1,624
Operating Income	21,638	24,034	21,869	18,642	16,909	13,614	10,417	6,800	2,140	1,256	601	499	3,221	2,970	2,671	2,444	1,956	1,535	1,398	812
Interest Expense	-63	-61	-61	-61	-64	-63	-63	-65	-66	-64	-65	-65	-68	-61	-62	-60	-53	-53	-53	-54
Interest & Investment Income	515	511	472	444	359	294	234	187	150	115	88	46	18	9	7	6	6	7	7	13
Currency Exchange Gain (Loss)	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	-	-
Other Non Operating Income (Expenses)	-5	5	27	127	6	-1	-68	60	-1	-9	-11	-5	11	-1	14	10	11	-4	-4	-1
EBT Excluding Unusual Items	22,085	24,489	22,307	19,152	17,210	13,844	10,520	6,982	2,223	1,298	613	475	3,182	2,917	2,630	2,400	1,920	1,489	1,348	770
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-	-	-1,353	-	-	-	-	-28	-	-161
Gain (Loss) on Sale of Investments	-175	728	9	62	69	262	2	-1	-14	-10	-	-	-24	-52	8	-6	124	9	-	-
Pretax Income	21,910	25,217	22,316	19,214	17,279	14,106	10,522	6,981	2,209	1,288	613	475	1,805	2,865	2,638	2,394	2,044	1,470	1,348	609
Income Tax Expense	3,135	3,126	3,007	2,615	2,398	1,821	1,279	793	166	-126	-67	-181	187	-138	174	20	132	13	12	-13
Net Income	18,775	22,091	19,309	16,599	14,881	12,285	9,243	6,188	2,043	1,414	680	656	1,618	3,003	2,464	2,374	1,912	1,457	1,336	622
Net Income to Common	18,775	22,091	19,309	16,599	14,881	12,285	9,243	6,188	2,043	1,414	680	656	1,618	3,003	2,464	2,374	1,912	1,457	1,336	622
Net Income Growth	26.17%	79.82%	108.90%	168.25%	628.39%	768.81%	1259.27%	843.29%	26.27%	-52.91%	-72.40%	-72.37%	-15.38%	106.11%	84.43%	281.67%	108.51%	53.21%	48.61%	12.68%
Shares Outstanding (Basic)	24,441	24,489	24,533	24,578	24,620	24,660	24,680	24,729	24,700	24,640	24,830	24,950	25,060	25,040	24,990	24,930	24,840	24,760	24,720	24,640
Shares Outstanding (Diluted)	24,611	24,706	24,774	24,848	24,890	24,900	24,940	24,994	24,900	24,770	24,990	25,160	25,370	25,450	25,380	25,320	25,280	25,240	25,200	25,040
Shares Change (YoY)	-1.12%	-0.78%	-0.67%	-0.58%	-0.04%	0.53%	-0.20%	-0.66%	-1.85%	-2.67%	-1.54%	-0.63%	0.36%	0.83%	0.71%	1.12%	1.61%	1.61%	1.94%	1.62%
EPS (Basic)	0.77	0.90	0.79	0.68	0.60	0.50	0.37	0.25	0.08	0.06	0.03	0.03	0.06	0.12	0.10	0.10	0.08	0.06	0.05	0.03
EPS (Diluted)	0.76	0.90	0.78	0.67	0.60	0.49	0.37	0.25	0.08	0.06	0.03	0.03	0.06	0.12	0.10	0.09	0.08	0.06	0.05	0.03
EPS Growth	26.67%	83.55%	110.81%	168.00%	650.00%	757.75%	1270.37%	861.54%	25.00%	-51.45%	-72.17%	-72.34%	-15.79%	103.36%	83.02%	276.00%	106.52%	51.96%	46.01%	11.11%
Free Cash Flow	26,187	15,552	16,814	13,511	14,976	11,245	7,054	6,059	2,663	1,739	-138	837	1,370	2,760	1,297	2,499	1,576	1,784	806	1,350
Free Cash Flow Per Share	1.06	0.63	0.68	0.54	0.60	0.45	0.28	0.24	0.11	0.07	-0.01	0.03	0.05	0.11	0.05	0.10	0.06	0.07	0.03	0.05
Dividend Per Share	0.010	0.010	0.010	0.010	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004	0.004
Dividend Growth	150.00%	150.00%	150.00%	150.00%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.52%	73.03%	74.56%	75.15%	78.35%	75.97%	73.95%	70.05%	64.63%	63.34%	53.57%	43.48%	65.53%	65.41%	65.20%	64.78%	64.11%	63.08%	62.63%	63.01%
Operating Margin	49.11%	61.11%	62.34%	62.06%	64.92%	61.59%	57.49%	50.34%	29.75%	20.76%	10.13%	7.44%	38.86%	38.86%	37.60%	37.56%	34.55%	30.68%	29.58%	21.00%
Profit Margin	42.61%	56.17%	55.04%	55.26%	57.14%	55.58%	51.01%	45.81%	28.41%	23.37%	11.46%	9.79%	19.52%	39.29%	34.69%	36.48%	33.77%	29.12%	28.27%	16.09%
Free Cash Flow Margin	59.43%	39.54%	47.93%	44.98%	57.50%	50.88%	38.93%	44.86%	37.03%	28.74%	-2.33%	12.48%	16.53%	36.11%	18.26%	38.41%	27.84%	35.66%	17.05%	34.92%
EBITDA	22,249	24,577	22,347	19,075	17,319	14,001	10,789	7,165	2,524	1,682	1,007	877	3,555	3,279	2,969	2,730	2,237	1,823	1,697	1,216
EBITDA Margin	50.50%	62.49%	63.70%	63.50%	66.50%	63.34%	59.54%	53.05%	35.09%	27.80%	16.98%	13.08%	42.89%	42.90%	41.80%	41.95%	39.52%	36.44%	35.91%	31.45%
D&A For EBITDA	611	543	478	433	410	387	372	365	384	426	406	378	334	309	298	286	281	288	299	404
EBIT	21,638	24,034	21,869	18,642	16,909	13,614	10,417	6,800	2,140	1,256	601	499	3,221	2,970	2,671	2,444	1,956	1,535	1,398	812
EBIT Margin	49.11%	61.11%	62.34%	62.06%	64.92%	61.59%	57.49%	50.34%	29.75%	20.76%	10.13%	7.44%	38.86%	38.86%	37.60%	37.56%	34.55%	30.68%	29.58%	21.00%
Effective Tax Rate	14.31%	12.40%	13.48%	13.61%	13.88%	12.91%	12.16%	11.36%	7.51%	-	-	-	10.36%	-	6.60%	0.83%	6.46%	0.88%	0.89%	-

Updated May 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q