NVIDIA Corporation (NVDA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$2.09	$2.22	+6.2%	—	$96.2B	—
Q1 27	$1.77	$1.87	+5.6%	—	$81.6B	—
Q4 26	$1.54	$1.62	+5.2%	—	$68.1B	—
Q3 26	$1.26	$1.3	+3.2%	—	$57B	—
Q2 26	$1.01	$1.05	+4.0%	—	$46.7B	—
Q1 26	$0.75	$0.81	+8.0%	—	$44.1B	—
Q4 25	$0.85	$0.89	+4.7%	—	$39.3B	—
Q3 25	$0.75	$0.81	+8.0%	—	$35.1B	—
Q2 25	$0.64	$0.68	+6.3%	—	$30B	—
Q1 25	$0.56	$0.61	+8.9%	—	$26B	—
Q4 24	$0.46	$0.52	+13.0%	—	$22.1B	—
Q3 24	$3.37	$4.02	+19.3%	—	$18.1B	—
Q2 24	$2.09	$2.7	+29.2%	—	$13.5B	—
Q1 24	$0.92	$1.09	+18.5%	—	$7.2B	—
Q4 23	$0.81	$0.88	+8.6%	—	$6.1B	—
Q3 23	$0.69	$0.58	-15.9%	—	$5.9B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$4.93	—	—	$215.9B	—
FY25	—	$2.97	—	—	$130.5B	—
FY24	—	$1.21	—	—	$60.9B	—
FY23	—	$0.18	—	—	$27B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$6.9B	$9.7B	$11.7B	$10.9B	$16.7B	$26.9B	$27B	$60.9B	$130.5B	$215.9B
YoY change	+37.9%	+40.6%	+20.6%	-6.81%	+52.7%	+61.4%	+0.22%	+125.9%	+114.2%	+65.5%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	6.9B	9.7B	11.7B	10.9B	16.7B	26.9B	27B	60.9B	130.5B	215.9B
Cost of revenue	2.8B	3.9B	4.5B	4.2B	6.3B	9.4B	11.6B	16.6B	32.6B	62.5B
Gross profit	4.1B	5.8B	7.2B	6.8B	10.4B	17.5B	15.4B	44.3B	97.9B	153.5B
Gross margin	58.8%	59.9%	61.2%	62%	62.3%	64.9%	56.9%	72.7%	75%	71.1%
Research & development	1.5B	1.8B	2.4B	2.8B	3.9B	5.3B	7.3B	8.7B	12.9B	18.5B
Selling, general & administrative	663M	815M	991M	1.1B	1.9B	2.2B	2.4B	2.7B	3.5B	4.6B
Operating expenses	2.1B	2.6B	3.4B	3.9B	5.9B	7.4B	9.8B	11.3B	16.4B	23.1B
Operating income	1.9B	3.2B	3.8B	2.8B	4.5B	10B	5.6B	33B	81.5B	130.4B
Operating margin	28%	33%	32.5%	26.1%	27.2%	37.3%	20.7%	54.1%	62.4%	60.4%
Non-operating income, net	-28M	-22M	14M	-2M	4M	107M	-1.4B	237M	1B	9B
Pretax income	1.9B	3.2B	3.9B	3B	4.4B	9.9B	4.2B	33.8B	84B	141.4B
Income tax	239M	149M	-245M	174M	77M	189M	-187M	4.1B	11.1B	21.4B
Net income	1.7B	3B	4.1B	2.8B	4.3B	9.8B	4.4B	29.8B	72.9B	120.1B
Net margin	24.1%	31.4%	35.3%	25.6%	26%	36.2%	16.2%	48.8%	55.8%	55.6%
EBITDA	2.2B	3.5B	4.2B	3.4B	5.7B	11.4B	7.3B	35.6B	86.1B	144.6B
EPS	0.08	0.13	0.17	0.11	0.18	0.39	0.18	1.21	2.97	4.93
Diluted EPS	0.06	0.12	0.17	0.11	0.17	0.39	0.17	1.19	2.94	4.9

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	18.1B	22.1B	26B	30B	35.1B	39.3B	44.1B	46.7B	57B	68.1B	81.6B	96.2B
Cost of revenue	4.7B	5.3B	5.6B	7.5B	8.9B	10.6B	17.4B	12.9B	15.2B	17B	20.5B	24.1B
Gross profit	13.4B	16.8B	20.4B	22.6B	26.2B	28.7B	26.7B	33.9B	41.8B	51.1B	61.2B	72.1B
Gross margin	74%	76%	78.4%	75.1%	74.6%	73%	60.5%	72.4%	73.4%	75%	74.9%	75%
Research & development	2.3B	2.5B	2.7B	3.1B	3.4B	3.7B	4B	4.3B	4.7B	5.5B	6.3B	7.1B
Selling, general & administrative	689M	712M	777M	842M	897M	975M	1B	1.1B	1.1B	1.3B	1.3B	1.4B
Operating expenses	3B	3.2B	3.5B	3.9B	4.3B	4.7B	5B	5.4B	5.8B	6.8B	7.6B	8.4B
Operating income	10.4B	13.6B	16.9B	18.6B	21.9B	24B	21.6B	28.4B	36B	44.3B	53.5B	63.7B
Operating margin	57.5%	61.6%	64.9%	62.1%	62.3%	61.1%	49.1%	60.8%	63.2%	65%	65.6%	66.2%
Non-operating income, net	-66M	261M	75M	189M	36M	733M	-180M	2.2B	1.4B	5.6B	15.9B	7.5B
Pretax income	10.5B	14.1B	17.3B	19.2B	22.3B	25.2B	21.9B	31.2B	37.9B	50.4B	69.9B	71.5B
Income tax	1.3B	1.8B	2.4B	2.6B	3B	3.1B	3.1B	4.8B	6B	7.4B	11.6B	11.8B
Net income	9.2B	12.3B	14.9B	16.6B	19.3B	22.1B	18.8B	26.4B	31.9B	43B	58.3B	59.7B
Net margin	51%	55.6%	57.1%	55.3%	55%	56.2%	42.6%	56.5%	56%	63.1%	71.5%	62%
EBITDA	11B	14.6B	17.8B	19.7B	22.9B	25.8B	22.6B	31.9B	38.7B	51.3B	71B	65.1B
EPS	0.37	—	0.6	0.68	0.79	0.9	0.77	1.08	1.31	1.77	2.4	2.47
Diluted EPS	0.37	—	0.6	0.67	0.78	0.89	0.76	1.08	1.3	1.76	2.39	2.46

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	59.1B	—	87.4B	144B	320.6B	611.2B	485.9B	1.5T	2.9T	4.7T	5.5T
Enterprise value	55.1B	—	82B	135.7B	316.6B	601.8B	484.6B	1.5T	2.9T	4.6T	5.4T
Shares outstanding	21.6B	24B	24.3B	24.4B	24.7B	25B	24.9B	24.7B	24.6B	24.4B	24.4B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	35.5	—	21.1	51.5	74	62.7	111.2	51	40.5	38.8	28.6
P/S	8.55	—	7.46	13.2	19.2	22.7	18	24.9	22.6	21.6	18
P/B	10.3	—	9.36	11.8	19	23	22	35.3	37.2	29.6	23.9
EV/EBITDA	25.6	—	19.4	39.9	55.6	53	66	42.3	33.8	31.9	27
EV/Sales	7.97	—	7	12.4	19	22.4	18	24.7	22.3	21.3	17.9
Earnings yield	2.82%	—	4.74%	1.94%	1.35%	1.6%	0.9%	1.96%	2.47%	2.58%	3.5%
FCF yield	2.53%	—	3.6%	2.97%	1.46%	1.33%	0.78%	1.78%	2.06%	2.08%	0.76%
PEG	—	—	—	—	—	—	—	—	—	—	0.22

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	58.8%	59.9%	61.2%	62%	62.3%	64.9%	56.9%	72.7%	75%	71.1%	75%
Operating margin	28%	33%	32.5%	26.1%	27.2%	37.3%	20.7%	54.1%	62.4%	60.4%	66.2%
Net margin	24.1%	31.4%	35.3%	25.6%	26%	36.2%	16.2%	48.8%	55.8%	55.6%	63.7%
ROE	28.9%	40.8%	44.3%	22.9%	25.6%	36.6%	19.8%	69.2%	91.9%	76.3%	117.2%
ROA	16.9%	27.1%	31.2%	16.1%	15%	22.1%	10.6%	45.3%	65.3%	58.1%	53.6%
ROIC	95.5%	129.5%	97.3%	67.8%	34.4%	57.2%	26.8%	103.4%	152.3%	104.6%	81%
Return on tangible assets	19.8%	30.8%	34.6%	17.5%	29%	31.7%	15%	54.5%	73.2%	75.7%	70.9%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	4.69	8.03	7.94	7.67	4.09	6.65	3.52	4.17	4.44	3.91	4.59
Quick ratio	4.26	7.34	6.76	7.13	3.63	6.05	2.73	3.67	3.88	3.24	3.85
Debt / equity	0.49	0.27	0.21	0.22	0.45	0.44	0.54	0.26	0.13	0.07	0.17
Debt / assets	0.29	0.18	0.15	0.15	0.26	0.27	0.29	0.17	0.09	0.05	0.12
Net debt / EBITDA	-1.85	-1.48	-1.29	-2.43	-0.7	-0.83	-0.17	-0.42	-0.38	-0.36	-0.11
Interest coverage	33.8	53.4	68.2	58.1	25	43.1	17	132.6	341.2	547.1	497.2
Effective tax rate	12.5%	4.66%	0%	5.86%	1.75%	1.9%	0%	12%	13.3%	15.1%	16%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	0.32	0.41	0.48	0.45	0.68	1.08	1.08	2.47	5.31	8.86	12.5
EPS (basic)	0.08	0.13	0.17	0.11	0.18	0.39	0.18	1.21	2.97	4.93	4.93
EPS (diluted)	0.06	0.12	0.17	0.11	0.17	0.39	0.17	1.19	2.94	4.9	7.91
Book value per share	0.27	0.31	0.38	0.5	0.68	1.07	0.89	1.74	3.23	6.46	9.48
FCF per share	0.07	0.12	0.13	0.18	0.19	0.33	0.15	1.09	2.48	3.97	5.23
Cash per share	0.31	0.3	0.31	0.45	0.47	0.85	0.53	1.05	1.76	2.57	2.59
Capex per share	0.01	0.02	0.02	0.02	0.05	0.04	0.07	0.04	0.13	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	2.45%	6.08%	5.12%	4.48%	6.76%	3.63%	6.8%	1.75%	2.48%	—	—
Capex / operating cash flow	9.44%	15.1%	16.9%	10.5%	18.5%	9.44%	31.8%	3.84%	5.28%	—	—
Payout ratio	15.7%	11.2%	8.96%	13.9%	9.12%	4.09%	9.11%	1.33%	1.14%	0.81%	3.54%
Dividend yield	0.44%	—	0.42%	0.27%	0.12%	0.07%	0.08%	0.03%	0.03%	0.02%	0.44%

Yield

0.44%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Sep 10, 2026

Payout ratio

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 10, 2026	$0.25
Jun 4, 2026	$0.25
Mar 11, 2026	$0.01
Dec 4, 2025	$0.01
Sep 11, 2025	$0.01

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$18.1B	$22.1B	$26B	$30B	$35.1B	$39.3B	$44.1B	$46.7B	$57B	$68.1B	$81.6B	$96.2B
YoY change	+205.5%	+265.3%	+262.1%	+122.4%	+93.6%	+77.9%	+69.2%	+55.6%	+62.5%	+73.2%	+85.2%	+105.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	6.8B	7.1B	7.4B	10.9B	11.6B	21.2B	13.3B	26B	43.2B	62.6B
Receivables	826M	1.3B	1.4B	1.7B	2.4B	4.7B	3.8B	10B	23.1B	38.5B
Inventory	794M	796M	1.6B	979M	1.8B	2.6B	5.2B	5.3B	10.1B	21.4B
Total current assets	8.5B	9.3B	10.6B	13.7B	16.1B	28.8B	23.1B	44.3B	80.1B	125.6B
Property, plant & equipment	508M	649M	1.1B	2B	2.4B	2.7B	3.2B	3.4B	6B	10.4B
Goodwill & intangibles	1.4B	1.3B	1.3B	1.3B	13.9B	13.4B	12.1B	11.1B	12B	48.3B
Total assets	9.8B	11.2B	13.3B	17.3B	28.8B	44.2B	41.2B	65.7B	111.6B	206.8B
Accounts payable	485M	596M	511M	687M	1.1B	1.8B	1.2B	2.7B	6.3B	9.8B
Short-term debt	827M	15M	—	91M	999M	144M	1.4B	1.5B	288M	999M
Total current liabilities	1.8B	1.2B	1.3B	1.8B	3.9B	4.3B	6.6B	10.6B	18B	32.2B
Long-term debt	2B	2B	2B	2.6B	6.6B	11.7B	10.6B	9.6B	10B	10B
Total liabilities	4.1B	3.8B	4B	5.1B	11.9B	17.6B	19.1B	22.8B	32.3B	49.5B
Shareholders' equity	5.8B	7.5B	9.3B	12.2B	16.9B	26.6B	22.1B	43B	79.3B	157.3B
Total debt	2.8B	2B	2B	2.6B	7.6B	11.8B	12B	11.1B	10.3B	11B
Net debt	1B	-2B	1.2B	-8.3B	6.8B	9.8B	8.6B	3.8B	1.7B	435M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	18.3B	26B	31.4B	34.8B	38.5B	43.2B	52.7B	54B	60.6B	62.6B	80.6B	62.5B
Receivables	8.3B	10B	12.4B	14.1B	17.7B	23.1B	22.1B	27.8B	33.4B	38.5B	40.7B	63.1B
Inventory	4.8B	5.3B	5.9B	6.7B	7.7B	10.1B	11.3B	15B	19.8B	21.4B	25.8B	31.6B
Total current assets	32.7B	44.3B	53.7B	59.6B	67.6B	80.1B	89.9B	102.2B	116.5B	125.6B	151B	197.4B
Property, plant & equipment	5.2B	3.4B	5.5B	6.4B	7.1B	6B	8.9B	11.2B	12.1B	10.4B	16.7B	19.7B
Goodwill & intangibles	11.4B	11.1B	10.9B	11.1B	11.1B	12B	12.5B	13B	14.4B	48.3B	48B	48.2B
Total assets	54.1B	65.7B	77.1B	85.2B	96B	111.6B	125.3B	140.7B	161.1B	206.8B	259.5B	320.3B
Accounts payable	2.4B	2.7B	2.7B	3.7B	5.4B	6.3B	7.3B	9.1B	8.6B	9.8B	13.1B	15.1B
Short-term debt	1.5B	1.5B	1.5B	250M	273M	288M	300M	301M	999M	999M	1B	1B
Total current liabilities	9.1B	10.6B	15.2B	14B	16.5B	18B	26.5B	24.3B	26.1B	32.2B	43.9B	43B
Long-term debt	9.5B	9.6B	9.7B	9.8B	10B	10B	10B	10.3B	9.5B	10B	11.3B	37.4B
Total liabilities	20.9B	22.8B	27.9B	27.1B	30.1B	32.3B	41.4B	40.6B	42.3B	49.5B	64B	91.3B
Shareholders' equity	33.3B	43B	49.1B	58.2B	65.9B	79.3B	83.8B	100.1B	118.9B	157.3B	195.5B	229B
Total debt	11B	11.1B	11.2B	10B	10.2B	10.3B	10.3B	10.6B	10.5B	11B	12.3B	38.4B
Net debt	5.5B	3.8B	3.6B	1.5B	1.1B	1.7B	-4.9B	-1B	-1B	435M	-889M	15.9B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	1.7B	3B	4.1B	2.8B	4.3B	9.8B	4.4B	29.8B	72.9B	120.1B
Depreciation & amortization	187M	199M	262M	381M	1.1B	1.2B	1.5B	1.5B	1.9B	2.8B
Stock-based compensation	247M	391M	557M	844M	1.4B	2B	2.7B	3.5B	4.7B	6.4B
Change in working capital	-540M	612M	-1.1B	614M	-436M	-2.2B	-2B	-4.2B	-13.3B	-21.8B
Operating cash flow	1.8B	3.9B	3.5B	4.7B	6.1B	10.3B	5.8B	27.8B	61.2B	102.7B
Capital expenditure	-169M	-591M	-600M	-489M	-1.1B	-976M	-1.8B	-1.1B	-3.2B	—
Investing cash flow	-798M	1.3B	-4.1B	6.1B	-19.7B	-9.8B	7.4B	-10.6B	-20.4B	-46.2B
Dividends paid	-261M	-341M	-371M	-390M	-395M	-399M	-398M	-395M	-834M	-974M
Share repurchases	-739M	-909M	-1.6B	0	0	0	-10B	-9.5B	-33.7B	-40.1B
Financing cash flow	2.1B	-2.7B	-3B	-941M	3.6B	1.6B	-12B	-14B	-42.8B	-49.1B
Net change in cash	3.1B	2.5B	-3.6B	9.9B	-10B	2.1B	1.2B	3.2B	-2B	7.4B
Free cash flow	1.5B	2.9B	3.1B	4.3B	4.7B	8.1B	3.8B	27B	60.9B	96.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	9.2B	12.3B	14.9B	16.6B	19.3B	22.1B	18.8B	26.4B	31.9B	43B	58.3B	59.7B
Depreciation & amortization	372M	387M	410M	433M	478M	543M	611M	669M	751M	812M	997M	1.1B
Stock-based compensation	979M	994M	1B	1.2B	1.3B	1.3B	1.5B	1.6B	1.7B	1.6B	1.9B	2B
Change in working capital	-1.3B	-1.6B	-2.6B	-1.5B	-2.6B	-6.6B	966M	-7.4B	-10.3B	-5.1B	-3.2B	-25.5B
Operating cash flow	8.7B	11.9B	11.9B	14.9B	17.8B	16.7B	19.6B	15.4B	23.8B	36.2B	50.3B	24.1B
Capital expenditure	-278M	-254M	-369M	-977M	-813M	-1.1B	-1.2B	—	—	—	—	—
Investing cash flow	-3.2B	-6.1B	-5.7B	-3.2B	-4.3B	-7.2B	-5.2B	-5.2B	-7.4B	-29.6B	-24.7B	-6B
Dividends paid	-97M	-99M	-98M	-246M	-245M	-245M	-244M	-244M	-244M	-242M	-243M	-6B
Share repurchases	-3.8B	-2.7B	-7.7B	-7.2B	-11B	-7.8B	-14.1B	-9.7B	-12.5B	-3.8B	-19.3B	-19.7B
Financing cash flow	-4.7B	-3.6B	-9.6B	-9.1B	-12.9B	-9.9B	-15.9B	-11.8B	-15.2B	-6.2B	-21.8B	-31.1B
Net change in cash	879M	2.1B	-3.4B	2.6B	480M	-504M	-1.6B	-1.7B	1.2B	402M	3.9B	-13B
Free cash flow	7.1B	11.2B	15B	13.5B	16.8B	15.6B	26.2B	13.5B	22.1B	34.9B	48.6B	21.4B

Date	Ratio
Jun 10, 2024	10:1
Jul 20, 2021	4:1
Sep 11, 2007	3:2
Apr 7, 2006	2:1
Sep 17, 2001	2:1
Sep 12, 2001	2:1
Jun 27, 2000	2:1

NVIDIA Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history