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NVIDIA (NVDA) Financials

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$177.82 +0.65 (+0.37%)
Closing price 09/12/2025 04:00 PM Eastern
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$177.56 -0.26 (-0.15%)
As of 09/12/2025 08:00 PM Eastern
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Annual Income Statements for NVIDIA

Annual Income Statements for NVIDIA

This table shows NVIDIA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/25/2015 1/31/2016 1/29/2017 1/28/2018 1/27/2019 1/26/2020 1/31/2021 1/30/2022 1/29/2023 1/28/2024 1/26/2025
Net Income / (Loss) Attributable to Common Shareholders		 631 614 1,666 3,047 4,141 2,796 4,332 9,752 4,368 29,760 72,880
Consolidated Net Income / (Loss)		 631 614 1,666 3,047 4,141 2,796 4,332 9,752 4,368 29,760 72,880
Net Income / (Loss) Continuing Operations		 631 614 1,666 3,047 4,141 2,796 4,332 9,752 4,368 29,760 72,880
Total Pre-Tax Income 		755 743 1,905 3,196 3,896 2,970 4,409 9,941 4,181 33,818 84,026
Total Operating Income		 759 747 1,934 3,210 3,804 2,846 4,532 10,041 4,224 32,972 81,453
Total Gross Profit		 2,599 2,811 4,063 5,822 7,171 6,768 10,396 17,475 15,356 44,301 97,858
Total Revenue		 4,682 5,010 6,910 9,714 11,716 10,918 16,675 26,914 26,974 60,922 130,497
Operating Revenue		 4,682 5,010 6,910 9,714 11,716 10,918 16,675 26,914 26,974 60,922 130,497
Total Cost of Revenue		 2,083 2,199 2,847 3,892 4,545 4,150 6,279 9,439 11,618 16,621 32,639
Operating Cost of Revenue		 2,083 2,199 2,847 3,892 4,545 4,150 6,279 9,439 11,618 16,621 32,639
Total Operating Expenses		 1,840 2,064 2,129 2,612 3,367 3,922 5,864 7,434 11,132 11,329 16,405
Selling, General & Admin Expense		 480 602 663 815 991 1,093 1,940 2,166 2,440 2,654 3,491
Research & Development Expense		 1,360 1,331 1,463 1,797 2,376 2,829 3,924 5,268 7,339 8,675 12,914
Other Operating Expenses / (Income)		 - - - - - - 0.00 0.00 1,353 0.00 0.00
Total Other Income / (Expense), net		 -4.00 -4.00 -29 -14 92 124 -123 -100 -43 846 2,573
Interest Expense		 46 47 58 61 58 52 184 236 262 257 247
Interest & Investment Income		 28 39 54 69 136 178 57 29 267 866 1,786
Other Income / (Expense), net		 14 4.00 -25 -22 14 -2.00 4.00 107 -48 237 1,034
Income Tax Expense		 124 129 239 149 -245 174 77 189 -187 4,058 11,146
Basic Earnings per Share		 $1.14 $1.13 $3.08 $5.09 $6.81 $1.15 $1.76 $3.91 $0.18 $1.21 $2.97
Weighted Average Basic Shares Outstanding		 552M 543M 541M 599M 608M 2.44B 2.47B 2.50B 24.87B 24.69B 24.56B
Diluted Earnings per Share		 $1.12 $1.08 $2.57 $4.82 $6.63 $1.13 $1.73 $3.85 $0.17 $1.19 $2.94
Weighted Average Diluted Shares Outstanding		 563M 569M 649M 632M 625M 2.47B 2.51B 2.54B 25.07B 24.94B 24.80B
Weighted Average Basic & Diluted Shares Outstanding		 553.50M 543.40M 540.90M 598.60M 608.10M 612M 620M 2.51B 2.47B 2.50B 24.40B
Cash Dividends to Common per Share		 $0.34 $0.40 $0.49 $0.57 $0.61 $0.16 $0.16 $0.16 - - $0.03

Quarterly Income Statements for NVIDIA

This table shows NVIDIA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/29/2023 4/30/2023 7/30/2023 10/29/2023 1/28/2024 4/28/2024 7/28/2024 10/27/2024 1/26/2025 4/27/2025 7/27/2025
Net Income / (Loss) Attributable to Common Shareholders		 1,414 2,043 6,188 9,243 12,286 14,881 16,599 19,309 22,091 18,775 26,422
Consolidated Net Income / (Loss)		 1,414 2,043 6,188 9,243 12,286 14,881 16,599 19,309 22,091 18,775 26,422
Net Income / (Loss) Continuing Operations		 1,414 2,043 6,188 9,243 12,286 14,881 16,599 19,309 22,091 18,775 26,422
Total Pre-Tax Income 		1,288 2,209 6,981 10,522 14,106 17,279 19,214 22,316 25,217 21,910 31,206
Total Operating Income		 1,256 2,140 6,800 10,417 13,615 16,909 18,642 21,869 24,033 21,638 28,440
Total Gross Profit		 3,833 4,648 9,462 13,400 16,791 20,406 22,574 26,156 28,722 26,668 33,853
Total Revenue		 6,051 7,192 13,507 18,120 22,103 26,044 30,040 35,082 39,331 44,062 46,743
Operating Revenue		 6,051 7,192 13,507 18,120 22,103 26,044 30,040 35,082 39,331 44,062 46,743
Total Cost of Revenue		 2,218 2,544 4,045 4,720 5,312 5,638 7,466 8,926 10,609 17,394 12,890
Operating Cost of Revenue		 2,218 2,544 4,045 4,720 5,312 5,638 7,466 8,926 10,609 17,394 12,890
Total Operating Expenses		 2,577 2,508 2,662 2,983 3,176 3,497 3,932 4,287 4,689 5,030 5,413
Selling, General & Admin Expense		 625 633 622 689 710 777 842 897 975 1,041 1,122
Research & Development Expense		 1,952 1,875 2,040 2,294 2,466 2,720 3,090 3,390 3,714 3,989 4,291
Total Other Income / (Expense), net		 32 69 181 105 491 370 572 447 1,184 272 2,766
Interest Expense		 64 66 65 63 63 64 61 61 61 63 62
Interest & Investment Income		 115 150 187 234 295 359 444 472 511 515 592
Other Income / (Expense), net		 -19 -15 59 -66 259 75 189 36 734 -180 2,236
Income Tax Expense		 -126 166 793 1,279 1,820 2,398 2,615 3,007 3,126 3,135 4,784
Basic Earnings per Share		 $0.06 $0.83 $0.25 $0.37 $0.50 $0.60 $0.68 $0.79 $0.90 $0.77 $1.08
Weighted Average Basic Shares Outstanding		 24.87B 2.47B 24.73B 24.68B 24.69B 24.62B 24.58B 24.53B 24.56B 24.44B 24.37B
Diluted Earnings per Share		 $0.06 $0.82 $0.25 $0.37 $0.50 $0.60 $0.67 $0.78 $0.90 $0.76 $1.08
Weighted Average Diluted Shares Outstanding		 25.07B 2.49B 24.99B 24.94B 24.94B 24.89B 24.85B 24.77B 24.80B 24.61B 24.53B
Weighted Average Basic & Diluted Shares Outstanding		 2.47B 2.47B 2.47B 2.47B 2.50B 2.46B 24.53B 24.49B 24.40B 24.40B 24.30B

Annual Cash Flow Statements for NVIDIA

This table details how cash moves in and out of NVIDIA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/25/2015 1/31/2016 1/29/2017 1/28/2018 1/27/2019 1/26/2020 1/31/2021 1/30/2022 1/29/2023 1/28/2024 1/26/2025
Net Change in Cash & Equivalents		 -655 99 1,170 2,236 -3,220 10,114 -10,049 1,143 1,399 3,891 1,309
Net Cash From Operating Activities		 906 1,175 1,672 3,502 3,743 4,761 5,822 9,108 5,641 28,090 64,089
Net Cash From Continuing Operating Activities		 906 1,175 1,672 3,502 3,743 4,761 5,822 9,108 5,641 28,090 64,089
Net Income / (Loss) Continuing Operations		 631 614 1,666 3,047 4,141 2,796 4,332 9,752 4,368 29,760 72,880
Consolidated Net Income / (Loss)		 631 614 1,666 3,047 4,141 2,796 4,332 9,752 4,368 29,760 72,880
Depreciation Expense		 220 197 187 199 262 381 1,098 1,174 1,544 1,508 1,864
Non-Cash Adjustments To Reconcile Net Income		 147 252 301 430 512 849 1,377 1,951 1,936 3,033 3,205
Changes in Operating Assets and Liabilities, net		 -120 83 -482 -174 -1,172 735 -985 -3,769 -2,207 -6,211 -13,860
Net Cash From Investing Activities		 -727 -400 -793 1,278 -4,097 6,145 -19,675 -9,830 7,375 -10,566 -20,421
Net Cash From Continuing Investing Activities		 -727 -400 -793 1,278 -4,097 6,145 -19,675 -9,830 7,375 -10,566 -20,421
Purchase of Property, Plant & Equipment		 -122 -86 -176 -593 -600 -489 -1,128 -976 -1,833 -1,069 -3,236
Acquisitions		 - - - - 0.00 -4.00 -8,524 -263 -49 -83 -1,007
Purchase of Investments		 -2,862 -3,477 -3,134 -36 -11,148 -1,461 -19,308 -24,787 -11,982 -19,073 -28,061
Sale and/or Maturity of Investments		 2,258 3,145 2,522 1,943 7,660 8,109 9,319 16,220 21,239 9,783 11,861
Other Investing Activities, net		 -1.00 18 -5.00 -36 -9.00 -10 -34 -24 0.00 -124 22
Net Cash From Financing Activities		 -834 -676 291 -2,544 -2,866 -792 3,804 1,865 -11,617 -13,633 -42,359
Net Cash From Continuing Financing Activities		 -834 -676 291 -2,544 -2,866 -792 3,804 1,865 -11,617 -13,633 -42,359
Repayment of Debt		 -6.00 -6.00 -688 -821 -21 0.00 -4.00 -1,007 -2.00 -1,251 -1,250
Repurchase of Common Equity		 -814 -587 -739 -909 -1,579 - 0.00 0.00 -10,039 -9,533 -33,706
Payment of Dividends		 -186 -213 -261 -341 -371 -390 -395 -399 -398 -395 -834
Issuance of Common Equity		 - - - - - - - 281 355 403 490
Other Financing Activities, net		 172 130 -9.00 -473 -895 -402 -765 -1,987 -1,533 -2,857 -7,059
Cash Interest Paid		 17 17 13 55 55 54 138 246 254 252 246
Cash Income Taxes Paid		 14 14 14 22 61 176 249 396 1,404 6,549 15,118

Quarterly Cash Flow Statements for NVIDIA

This table details how cash moves in and out of NVIDIA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/29/2023 4/30/2023 7/30/2023 10/29/2023 1/28/2024 4/28/2024 7/28/2024 10/27/2024 1/26/2025 4/27/2025 7/27/2025
Net Change in Cash & Equivalents		 589 1,690 803 -363 1,761 307 984 536 -518 6,645 -3,595
Net Cash From Operating Activities		 2,248 2,911 6,348 7,332 11,499 15,345 14,488 17,627 16,629 27,414 15,365
Net Cash From Continuing Operating Activities		 2,248 2,911 6,348 7,332 11,499 15,345 14,488 17,627 16,629 27,414 15,365
Net Income / (Loss) Continuing Operations		 1,414 2,043 6,189 9,243 12,285 14,881 16,599 19,309 22,091 18,775 26,422
Consolidated Net Income / (Loss)		 1,414 2,043 6,189 9,243 12,285 14,881 16,599 19,309 22,091 18,775 26,422
Depreciation Expense		 426 384 365 372 387 410 433 478 543 611 669
Non-Cash Adjustments To Reconcile Net Income		 -1,396 -420 1,849 980 624 797 2,392 1,137 456 1,551 -721
Changes in Operating Assets and Liabilities, net		 1,804 904 -2,055 -3,263 -1,797 -743 -4,936 -3,297 -6,461 6,477 -11,005
Net Cash From Investing Activities		 -3.00 -841 -446 -3,170 -6,109 -5,693 -3,184 -4,346 -7,198 -5,216 -7,127
Net Cash From Continuing Investing Activities		 -3.00 -841 -446 -3,170 -6,109 -5,693 -3,184 -4,346 -7,198 -5,216 -7,127
Purchase of Property, Plant & Equipment		 -509 -248 -289 -278 -254 -369 -977 -813 -1,077 -1,227 -1,895
Acquisitions		 - -83 - - - -39 -278 -148 -542 -383 -294
Purchase of Investments		 -2,218 -2,801 -2,998 -5,786 -7,488 -9,493 -6,278 -4,992 -7,488 -7,195 -8,158
Sale and/or Maturity of Investments		 2,641 2,512 2,599 2,890 1,782 4,208 4,214 1,607 1,887 3,589 3,220
Net Cash From Financing Activities		 -1,656 -380 -5,099 -4,525 -3,629 -9,345 -10,320 -12,745 -9,949 -15,553 -11,833
Net Cash From Continuing Financing Activities		 -1,656 -380 -5,099 -4,525 -3,629 -9,345 -10,320 -12,745 -9,949 -15,553 -11,833
Repurchase of Common Equity		 -1,213 0.00 -3,067 -3,807 -2,659 -7,740 -7,158 -10,997 -7,811 -14,095 -9,720
Payment of Dividends		 -98 -99 -100 -97 -99 -98 -246 -245 -245 -244 -244
Other Financing Activities, net		 -751 -507 -703 -776 -871 -1,792 -1,706 -1,707 -1,894 -1,584 -1,869

Annual Balance Sheets for NVIDIA

This table presents NVIDIA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/25/2015 1/31/2016 1/29/2017 1/28/2018 1/27/2019 1/26/2020 1/31/2021 1/30/2022 1/29/2023 1/28/2024 1/26/2025
Total Assets		 7,201 7,370 9,841 11,241 13,292 17,315 28,791 44,187 41,182 65,728 111,601
Total Current Assets		 5,713 6,053 8,536 9,255 10,557 13,690 16,055 28,829 23,073 44,345 80,126
Cash & Equivalents		 497 596 1,766 4,002 782 10,896 847 1,990 3,389 7,280 8,589
Short-Term Investments		 4,126 4,441 5,032 3,106 6,640 1.00 10,714 19,218 9,907 18,704 34,621
Accounts Receivable		 474 505 826 1,265 1,424 1,657 2,429 4,650 3,827 9,999 23,065
Inventories, net		 483 418 794 796 1,575 979 1,826 2,605 5,159 5,282 10,080
Prepaid Expenses		 70 93 118 86 136 157 239 366 791 3,080 3,771
Plant, Property, & Equipment, net		 557 466 521 997 1,404 1,674 2,149 2,778 3,807 3,914 6,283
Total Noncurrent Assets		 931 851 784 989 1,331 1,951 10,587 12,580 14,302 17,469 25,192
Goodwill		 618 618 618 618 618 618 4,193 4,349 4,372 4,430 5,188
Intangible Assets		 222 166 104 52 45 49 2,737 2,339 1,676 1,112 807
Noncurrent Deferred & Refundable Income Taxes		 - - - - 560 548 806 1,222 3,396 6,081 10,979
Other Noncurrent Operating Assets		 91 67 62 319 108 736 2,851 4,670 4,858 5,846 8,218
Total Liabilities & Shareholders' Equity		 7,201 7,370 9,841 11,241 13,292 17,315 28,791 44,187 41,182 65,728 111,601
Total Liabilities		 2,783 2,814 4,048 3,770 3,950 5,111 11,898 17,575 19,081 22,750 32,274
Total Current Liabilities		 896 2,351 1,788 1,153 1,329 1,784 3,925 4,335 6,563 10,631 18,047
Accounts Payable		 293 296 485 596 511 687 1,149 1,783 1,193 2,699 6,310
Accrued Expenses		 603 642 507 542 818 1,097 1,777 2,552 4,120 6,682 11,737
Total Noncurrent Liabilities		 1,887 463 2,260 2,617 2,621 3,327 7,973 13,240 12,518 12,119 14,227
Long-Term Debt		 1,384 0.00 1,983 1,985 1,988 1,991 5,964 10,946 9,703 8,459 8,463
Other Noncurrent Operating Liabilities		 489 453 277 632 633 1,336 2,009 2,294 2,815 3,660 5,764
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4,418 4,469 5,762 7,471 9,342 12,204 16,893 26,612 22,101 42,978 79,327
Total Preferred & Common Equity		 4,418 4,469 5,762 7,471 9,342 12,204 16,893 26,612 22,101 42,978 79,327
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 4,418 4,469 5,762 7,471 9,342 12,204 16,893 26,612 22,101 42,978 79,327
Common Stock		 3,856 4,171 4,709 5,352 6,052 7,046 8,722 10,388 11,973 13,134 11,261
Retained Earnings		 3,949 4,350 6,108 8,787 12,565 14,971 18,908 16,235 10,171 29,817 68,038
Accumulated Other Comprehensive Income / (Loss)		 8.00 -4.00 -16 -18 -12 1.00 19 -11 -43 27 28

Quarterly Balance Sheets for NVIDIA

This table presents NVIDIA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 10/30/2022 1/29/2023 4/30/2023 7/30/2023 10/29/2023 1/28/2024 4/28/2024 7/28/2024 10/27/2024 4/27/2025 7/27/2025
Total Assets		 40,488 41,182 44,460 49,555 54,148 65,728 77,072 85,227 96,013 125,254 140,740
Total Current Assets		 23,223 23,073 24,883 28,797 32,658 44,345 53,729 59,633 67,640 89,935 102,219
Cash & Equivalents		 2,800 3,389 5,079 5,783 5,519 7,280 7,587 8,563 9,107 15,234 11,639
Short-Term Investments		 10,343 9,907 10,241 10,240 12,762 18,704 23,851 26,237 29,380 38,457 45,152
Accounts Receivable		 4,908 3,827 4,080 7,066 8,309 9,999 12,365 14,132 17,693 22,132 27,808
Inventories, net		 4,454 5,159 4,611 4,319 4,779 5,282 5,864 6,675 7,654 11,333 14,962
Prepaid Expenses		 718 791 872 1,389 1,289 3,080 4,062 4,026 3,806 2,779 2,658
Plant, Property, & Equipment, net		 3,774 3,807 3,740 3,799 3,844 3,914 4,006 4,885 5,343 7,136 9,141
Total Noncurrent Assets		 13,491 14,302 15,837 16,959 17,646 17,469 19,337 20,709 23,030 28,183 29,380
Goodwill		 4,372 4,372 4,430 4,430 4,430 4,430 4,453 4,622 4,724 5,498 5,755
Intangible Assets		 1,850 1,676 1,541 1,395 1,251 1,112 986 952 838 769 755
Noncurrent Deferred & Refundable Income Taxes		 2,762 3,396 4,568 5,398 5,982 6,081 7,798 9,578 10,276 13,318 13,570
Other Noncurrent Operating Assets		 4,507 4,858 5,298 5,736 5,983 5,846 6,100 5,557 7,192 8,598 9,300
Total Liabilities & Shareholders' Equity		 40,488 41,182 44,460 49,555 54,148 65,728 77,072 85,227 96,013 125,254 140,740
Total Liabilities		 19,139 19,081 19,940 22,054 20,883 22,750 27,930 27,070 30,114 41,411 40,609
Total Current Liabilities		 6,855 6,563 7,260 10,334 9,101 10,631 15,223 13,969 16,479 26,542 24,257
Accounts Payable		 1,491 1,193 1,141 1,929 2,380 2,699 2,715 3,680 5,353 7,331 9,064
Accrued Expenses		 4,115 4,120 4,869 7,156 5,472 6,682 11,258 10,289 11,126 19,211 15,193
Total Noncurrent Liabilities		 12,284 12,518 12,680 11,720 11,782 12,119 12,707 13,101 13,635 14,869 16,352
Long-Term Debt		 9,701 9,703 9,704 8,456 8,457 8,459 8,460 8,461 8,462 8,464 8,466
Other Noncurrent Operating Liabilities		 2,583 2,815 2,976 3,264 3,325 3,660 4,247 4,640 5,173 6,405 7,886
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 21,349 22,101 24,520 27,501 33,265 42,978 49,142 58,157 65,899 83,843 100,131
Total Preferred & Common Equity		 21,349 22,101 24,520 27,501 33,265 42,978 49,142 58,157 65,899 83,843 100,131
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 21,349 22,101 24,520 27,501 33,265 42,978 49,142 58,157 65,899 83,843 100,131
Common Stock		 11,567 11,973 12,455 12,631 12,993 13,134 12,653 12,140 11,846 11,499 11,224
Retained Earnings		 9,905 10,171 12,115 14,921 20,360 29,817 36,598 45,961 53,950 72,158 88,737
Accumulated Other Comprehensive Income / (Loss)		 -123 -43 -50 -51 -88 27 -109 56 103 186 170

Annual Metrics And Ratios for NVIDIA

This table displays calculated financial ratios and metrics derived from NVIDIA's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/25/2015 1/31/2016 1/29/2017 1/28/2018 1/27/2019 1/26/2020 1/31/2021 1/30/2022 1/29/2023 1/28/2024 1/26/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 13.37% 7.01% 37.92% 40.58% 20.61% -6.81% 52.73% 61.40% 0.22% 125.85% 114.20%
EBITDA Growth		 36.68% -4.31% 114.53% 61.59% 20.46% -20.96% 74.70% 100.96% -49.48% 506.94% 142.97%
EBIT Growth		 53.68% -2.85% 154.19% 67.00% 19.76% -25.51% 59.49% 123.72% -58.85% 695.23% 148.39%
NOPAT Growth		 48.24% -2.69% 173.99% 80.94% 32.12% -33.73% 66.20% 121.21% -55.20% 557.51% 143.48%
Net Income Growth		 43.41% -2.69% 171.34% 82.89% 35.90% -32.48% 54.94% 125.12% -55.21% 581.32% 144.89%
EPS Growth		 51.35% -3.57% 137.96% 87.55% 37.55% -32.48% 54.94% 122.54% -55.21% 581.32% 147.06%
Operating Cash Flow Growth		 8.50% 29.69% 42.30% 109.45% 6.88% 27.20% 22.29% 56.44% -38.07% 397.96% 128.16%
Free Cash Flow Firm Growth		 54.48% 44.76% -1.03% 187.58% 1.09% 31.66% -238.15% 227.53% -82.66% 2,096.24% 139.10%
Invested Capital Growth		 2.98% -21.04% 88.32% 33.20% 65.38% -15.61% 272.80% 32.98% 20.84% 35.15% 66.95%
Revenue Q/Q Growth		 2.34% 3.09% 12.58% 8.22% -5.68% 8.98% 12.84% 10.88% -5.57% 35.77% 15.21%
EBITDA Q/Q Growth		 6.38% 1.35% 27.26% 11.63% -15.60% 28.69% 14.47% 14.34% -21.45% 56.96% 15.07%
EBIT Q/Q Growth		 8.40% 2.88% 33.12% 12.17% -16.93% 32.09% 13.23% 15.99% -28.68% 61.43% 15.22%
NOPAT Q/Q Growth		 8.75% 1.36% 37.03% 17.32% -12.57% 17.74% 14.62% 19.59% -28.15% 56.50% 14.97%
Net Income Q/Q Growth		 7.88% 2.50% 36.67% 17.96% -11.78% 15.97% 13.23% 18.83% -26.66% 57.56% 15.55%
EPS Q/Q Growth		 9.80% 0.00% 32.47% 19.90% -14.01% 15.97% 13.23% 17.38% -26.66% 57.56% 14.40%
Operating Cash Flow Q/Q Growth		 4.91% 6.14% 14.36% 22.23% -10.94% 13.52% 11.53% 11.86% -12.22% 49.11% 8.70%
Free Cash Flow Firm Q/Q Growth		 12.75% 7.06% 24.49% 9.14% -10.53% 21.17% 6.03% 17.10% -58.65% 69.70% 4.99%
Invested Capital Q/Q Growth		 -12.02% -18.37% 4.48% 15.72% 0.88% -3.99% 1.14% 5.87% 3.14% 8.15% 24.27%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 55.51% 56.11% 58.80% 59.93% 61.21% 61.99% 62.34% 64.93% 56.93% 72.72% 74.99%
EBITDA Margin		 21.81% 19.50% 30.33% 34.87% 34.82% 29.54% 33.79% 42.07% 21.21% 56.99% 64.64%
Operating Margin		 16.21% 14.91% 27.99% 33.05% 32.47% 26.07% 27.18% 37.31% 15.66% 54.12% 62.42%
EBIT Margin		 16.51% 14.99% 27.63% 32.82% 32.59% 26.05% 27.20% 37.71% 15.48% 54.51% 63.21%
Profit (Net Income) Margin		 13.48% 12.26% 24.11% 31.37% 35.34% 25.61% 25.98% 36.23% 16.19% 48.85% 55.85%
Tax Burden Percent		 83.58% 82.64% 87.45% 95.34% 106.29% 94.14% 98.25% 98.10% 104.47% 88.00% 86.74%
Interest Burden Percent		 97.67% 98.93% 99.79% 100.25% 102.04% 104.43% 97.20% 97.96% 100.12% 101.83% 101.87%
Effective Tax Rate		 16.42% 17.36% 12.55% 4.66% -6.29% 5.86% 1.75% 1.90% -4.47% 12.00% 13.26%
Return on Invested Capital (ROIC)		 53.95% 57.83% 124.55% 147.95% 128.95% 74.36% 57.11% 68.77% 24.44% 124.90% 198.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 54.06% 57.92% 125.21% 148.24% 127.09% 72.73% 58.90% 70.09% 25.16% 116.91% 189.47%
Return on Net Nonoperating Assets (RNNOA)		 -39.73% -44.14% -92.35% -102.01% -79.69% -48.41% -27.34% -23.94% -6.51% -33.44% -79.04%
Return on Equity (ROE)		 14.22% 13.68% 32.20% 45.94% 49.26% 25.95% 29.78% 44.83% 17.93% 91.46% 119.18%
Cash Return on Invested Capital (CROIC)		 51.02% 81.34% 63.28% 119.48% 79.68% 91.29% -58.28% 40.46% 5.57% 95.01% 148.06%
Operating Return on Assets (OROA)		 10.70% 10.31% 22.18% 30.24% 31.13% 18.58% 19.68% 27.81% 9.78% 62.13% 93.03%
Return on Assets (ROA)		 8.73% 8.43% 19.36% 28.91% 33.76% 18.27% 18.79% 26.73% 10.23% 55.67% 82.20%
Return on Common Equity (ROCE)		 14.22% 13.55% 31.83% 45.84% 49.26% 25.95% 29.78% 44.83% 17.93% 91.46% 119.18%
Return on Equity Simple (ROE_SIMPLE)		 14.28% 13.74% 28.91% 40.78% 44.33% 22.91% 25.64% 36.65% 19.76% 69.24% 91.87%
Net Operating Profit after Tax (NOPAT)		 634 617 1,691 3,060 4,043 2,679 4,453 9,850 4,413 29,016 70,648
NOPAT Margin		 13.55% 12.32% 24.48% 31.50% 34.51% 24.54% 26.70% 36.60% 16.36% 47.63% 54.14%
Net Nonoperating Expense Percent (NNEP)		 -0.10% -0.10% -0.66% -0.29% 1.86% 1.63% -1.79% -1.32% -0.71% 8.00% 8.75%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - 13.35% 55.07% 80.47%
Cost of Revenue to Revenue		 44.49% 43.89% 41.20% 40.07% 38.79% 38.01% 37.66% 35.07% 43.07% 27.28% 25.01%
SG&A Expenses to Revenue		 10.25% 12.02% 9.59% 8.39% 8.46% 10.01% 11.63% 8.05% 9.05% 4.36% 2.68%
R&D to Revenue		 29.05% 26.57% 21.17% 18.50% 20.28% 25.91% 23.53% 19.57% 27.21% 14.24% 9.90%
Operating Expenses to Revenue		 39.30% 41.20% 30.81% 26.89% 28.74% 35.92% 35.17% 27.62% 41.27% 18.60% 12.57%
Earnings before Interest and Taxes (EBIT)		 773 751 1,909 3,188 3,818 2,844 4,536 10,148 4,176 33,209 82,487
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,021 977 2,096 3,387 4,080 3,225 5,634 11,322 5,720 34,717 84,351
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.45 3.44 10.31 19.52 10.37 12.51 18.99 21.42 22.65 35.07 44.03
Price to Tangible Book Value (P/TBV)		 3.02 4.18 11.79 21.44 11.17 13.23 32.21 28.62 31.19 40.26 47.63
Price to Revenue (P/Rev)		 2.31 3.07 8.60 15.01 8.27 13.98 19.24 21.18 18.56 24.74 26.77
Price to Earnings (P/E)		 17.13 25.07 35.67 47.85 23.41 54.61 74.07 58.46 114.61 50.64 47.92
Dividend Yield		 1.69% 1.37% 0.44% 0.24% 0.39% 0.26% 0.12% 0.07% 0.08% 0.03% 0.02%
Earnings Yield		 5.84% 3.99% 2.80% 2.09% 4.27% 1.83% 1.35% 1.71% 0.87% 1.97% 2.09%
Enterprise Value to Invested Capital (EV/IC)		 6.36 12.60 31.25 59.54 23.41 43.59 25.72 34.24 25.22 55.83 77.57
Enterprise Value to Revenue (EV/Rev)		 1.62 2.37 8.02 14.48 7.81 13.17 18.97 20.80 18.47 24.47 26.50
Enterprise Value to EBITDA (EV/EBITDA)		 7.43 12.15 26.45 41.54 22.42 44.58 56.13 49.45 87.11 42.94 41.00
Enterprise Value to EBIT (EV/EBIT)		 9.81 15.80 29.04 44.13 23.96 50.55 69.72 55.17 119.32 44.89 41.92
Enterprise Value to NOPAT (EV/NOPAT)		 11.96 19.22 32.78 45.97 22.63 53.66 71.02 56.84 112.91 51.38 48.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 8.37 10.10 33.16 40.18 24.44 30.20 54.32 61.47 88.33 53.07 53.96
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.64 13.67 64.51 56.93 36.62 43.71 0.00 96.61 495.83 67.55 65.53
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.32 0.31 0.48 0.27 0.21 0.16 0.41 0.41 0.50 0.23 0.11
Long-Term Debt to Equity		 0.32 0.00 0.34 0.27 0.21 0.16 0.35 0.41 0.44 0.20 0.11
Financial Leverage		 -0.74 -0.76 -0.74 -0.69 -0.63 -0.67 -0.46 -0.34 -0.26 -0.29 -0.42
Leverage Ratio		 1.63 1.62 1.66 1.59 1.46 1.42 1.58 1.68 1.75 1.64 1.45
Compound Leverage Factor		 1.59 1.61 1.66 1.59 1.49 1.48 1.54 1.64 1.75 1.67 1.48
Debt to Total Capital		 24.04% 23.80% 32.42% 21.12% 17.55% 14.03% 29.19% 29.14% 33.14% 18.43% 9.64%
Short-Term Debt to Total Capital		 0.00% 23.63% 9.29% 0.16% 0.00% 0.00% 4.19% 0.00% 3.78% 2.37% 0.00%
Long-Term Debt to Total Capital		 24.04% 0.17% 23.13% 20.96% 17.55% 14.03% 25.00% 29.14% 29.36% 16.06% 9.64%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 1.46% 0.36% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 75.96% 74.74% 67.22% 78.88% 82.45% 85.97% 70.81% 70.86% 66.86% 81.57% 90.36%
Debt to EBITDA		 1.37 1.46 1.33 0.59 0.49 0.62 1.24 0.97 1.91 0.28 0.10
Net Debt to EBITDA		 -3.16 -3.70 -1.92 -1.51 -1.33 -2.76 -0.82 -0.91 -0.41 -0.47 -0.41
Long-Term Debt to EBITDA		 1.37 0.01 0.95 0.59 0.49 0.62 1.06 0.97 1.70 0.24 0.10
Debt to NOPAT		 2.20 2.31 1.64 0.65 0.49 0.74 1.56 1.11 2.48 0.33 0.12
Net Debt to NOPAT		 -5.08 -5.85 -2.38 -1.67 -1.34 -3.32 -1.03 -1.04 -0.53 -0.56 -0.49
Long-Term Debt to NOPAT		 2.20 0.02 1.17 0.65 0.49 0.74 1.34 1.11 2.20 0.29 0.12
Altman Z-Score		 4.91 5.73 11.84 26.96 18.71 21.13 18.70 22.01 17.56 43.59 70.06
Noncontrolling Interest Sharing Ratio		 0.00% 0.97% 1.14% 0.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 6.38 2.57 4.77 8.03 7.94 7.67 4.09 6.65 3.52 4.17 4.44
Quick Ratio		 5.69 2.36 4.26 7.26 6.66 7.04 3.56 5.96 2.61 3.38 3.67
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 600 868 859 2,471 2,498 3,289 -4,544 5,795 1,005 22,071 52,771
Operating Cash Flow to CapEx		 742.62% 1,366.28% 950.00% 590.56% 623.83% 973.62% 516.13% 933.20% 307.75% 2,627.69% 1,980.50%
Free Cash Flow to Firm to Interest Expense		 13.04 18.47 14.82 40.51 43.07 63.26 -24.70 24.56 3.84 85.88 213.65
Operating Cash Flow to Interest Expense		 19.70 25.00 28.83 57.41 64.53 91.56 31.64 38.59 21.53 109.30 259.47
Operating Cash Flow Less CapEx to Interest Expense		 17.04 23.17 25.79 47.69 54.19 82.15 25.51 34.46 14.53 105.14 246.37
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.65 0.69 0.80 0.92 0.96 0.71 0.72 0.74 0.63 1.14 1.47
Accounts Receivable Turnover		 10.40 10.23 10.38 9.29 8.71 7.09 8.16 7.60 6.36 8.81 7.89
Inventory Turnover		 4.78 4.88 4.70 4.90 3.83 3.25 4.48 4.26 2.99 3.18 4.25
Fixed Asset Turnover		 8.22 9.79 14.00 12.80 9.76 7.09 8.72 10.93 8.19 15.78 25.60
Accounts Payable Turnover		 6.75 7.47 7.29 7.20 8.21 6.93 6.84 6.44 7.81 8.54 7.25
Days Sales Outstanding (DSO)		 35.10 35.66 35.15 39.28 41.89 51.50 44.72 48.00 57.35 41.42 46.24
Days Inventory Outstanding (DIO)		 76.29 74.78 77.69 74.56 95.21 112.31 81.53 85.67 121.96 114.64 85.90
Days Payable Outstanding (DPO)		 54.09 48.88 50.06 50.69 44.45 52.68 53.36 56.69 46.75 42.73 50.37
Cash Conversion Cycle (CCC)		 57.29 61.56 62.78 63.15 92.64 111.13 72.88 76.98 132.57 113.33 81.76
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,193 942 1,774 2,363 3,908 3,298 12,295 16,350 19,758 26,703 44,580
Invested Capital Turnover		 3.98 4.69 5.09 4.70 3.74 3.03 2.14 1.88 1.49 2.62 3.66
Increase / (Decrease) in Invested Capital		 35 -251 832 589 1,545 -610 8,997 4,055 3,408 6,945 17,877
Enterprise Value (EV)		 7,584 11,868 55,437 140,694 91,486 143,771 316,264 559,878 498,272 1,490,763 3,458,017
Market Capitalization		 10,809 15,395 59,425 145,802 96,920 152,677 320,862 570,140 500,615 1,507,038 3,492,764
Book Value per Share		 $8.13 $8.30 $10.68 $12.34 $15.31 $19.94 $27.29 $10.64 $8.98 $17.40 $3.24
Tangible Book Value per Share		 $6.58 $6.84 $9.34 $11.23 $14.23 $18.85 $16.10 $7.97 $6.53 $15.16 $2.99
Total Capital		 5,816 5,979 8,572 9,471 11,330 14,195 23,856 37,558 33,054 52,687 87,790
Total Debt		 1,398 1,423 2,779 2,000 1,988 1,991 6,963 10,946 10,953 9,709 8,463
Total Long-Term Debt		 1,398 10 1,983 1,985 1,988 1,991 5,964 10,946 9,703 8,459 8,463
Net Debt		 -3,225 -3,614 -4,019 -5,108 -5,434 -8,906 -4,598 -10,262 -2,343 -16,275 -34,747
Capital Expenditures (CapEx)		 122 86 176 593 600 489 1,128 976 1,833 1,069 3,236
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 194 78 746 1,009 1,806 1,009 1,568 3,286 4,464 8,980 18,869
Debt-free Net Working Capital (DFNWC)		 4,817 5,115 7,544 8,117 9,228 11,906 13,129 24,494 17,760 34,964 62,079
Net Working Capital (NWC)		 4,817 3,702 6,748 8,102 9,228 11,906 12,130 24,494 16,510 33,714 62,079
Net Nonoperating Expense (NNE)		 3.34 3.31 25 13 -98 -117 121 98 45 -744 -2,232
Net Nonoperating Obligations (NNO)		 -3,225 -3,614 -4,019 -5,108 -5,434 -8,906 -4,598 -10,262 -2,343 -16,275 -34,747
Total Depreciation and Amortization (D&A)		 248 226 187 199 262 381 1,098 1,174 1,544 1,508 1,864
Debt-free, Cash-free Net Working Capital to Revenue		 4.14% 1.56% 10.80% 10.39% 15.41% 9.24% 9.40% 12.21% 16.55% 14.74% 14.46%
Debt-free Net Working Capital to Revenue		 102.88% 102.10% 109.18% 83.56% 78.76% 109.05% 78.73% 91.01% 65.84% 57.39% 47.57%
Net Working Capital to Revenue		 102.88% 73.89% 97.66% 83.41% 78.76% 109.05% 72.74% 91.01% 61.21% 55.34% 47.57%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.03 $0.03 $0.00 $0.13 $0.17 $0.11 $0.18 $0.39 $0.18 $1.21 $2.97
Adjusted Weighted Average Basic Shares Outstanding		 22.09B 21.72B 0.00 23.96B 24.32B 24.36B 24.68B 24.96B 24.87B 24.69B 24.56B
Adjusted Diluted Earnings per Share		 $0.03 $0.03 $0.00 $0.12 $0.17 $0.11 $0.17 $0.39 $0.17 $1.19 $2.94
Adjusted Weighted Average Diluted Shares Outstanding		 22.52B 22.76B 0.00 25.28B 25B 24.72B 25.12B 25.35B 25.07B 24.94B 24.80B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.11 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 21.99B 21.67B 0.00 24.19B 24.24B 24.48B 24.80B 25.10B 24.70B 25B 24.40B
Normalized Net Operating Profit after Tax (NOPAT)		 634 726 1,694 3,060 2,663 2,679 4,453 9,850 2,957 29,016 70,648
Normalized NOPAT Margin		 13.55% 14.48% 24.52% 31.50% 22.73% 24.54% 26.70% 36.60% 10.96% 47.63% 54.14%
Pre Tax Income Margin		 16.13% 14.83% 27.57% 32.90% 33.25% 27.20% 26.44% 36.94% 15.50% 55.51% 64.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 16.80 15.98 32.91 52.26 65.83 54.69 24.65 43.00 15.94 129.22 333.96
NOPAT to Interest Expense		 13.79 13.13 29.16 50.17 69.71 51.52 24.20 41.74 16.84 112.90 286.03
EBIT Less CapEx to Interest Expense		 14.15 14.15 29.88 42.54 55.48 45.29 18.52 38.86 8.94 125.06 320.85
NOPAT Less CapEx to Interest Expense		 11.14 11.30 26.13 40.45 59.37 42.12 18.07 37.60 9.85 108.74 272.92
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.48% 34.69% 15.67% 11.19% 8.96% 13.95% 9.12% 4.09% 9.11% 1.33% 1.14%
Augmented Payout Ratio		 158.48% 130.29% 60.02% 41.02% 47.09% 13.95% 9.12% 4.09% 238.94% 33.36% 47.39%

Quarterly Metrics And Ratios for NVIDIA

This table displays calculated financial ratios and metrics derived from NVIDIA's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 1/29/2023 4/30/2023 7/30/2023 10/29/2023 1/28/2024 4/28/2024 7/28/2024 10/27/2024 1/26/2025 4/27/2025 7/27/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -20.83% -13.22% 101.48% 205.51% 265.28% 262.12% 122.40% 93.61% 77.94% 69.18% 55.60%
EBITDA Growth		 -48.43% 14.62% 728.44% 976.61% 757.55% 593.26% 166.67% 108.74% 77.48% 26.88% 62.71%
EBIT Growth		 -57.58% 14.56% 1,288.46% 1,654.41% 1,021.58% 699.25% 174.54% 111.62% 78.51% 26.34% 62.90%
NOPAT Growth		 -55.69% 18.20% 774.64% 1,272.57% 760.01% 635.78% 167.19% 106.78% 77.54% 27.33% 49.52%
Net Income Growth		 -52.90% 26.27% 843.29% 1,259.26% 768.88% 628.39% 168.25% 108.90% 79.81% 26.17% 59.18%
EPS Growth		 -52.90% 28.13% 843.29% 1,259.26% 768.88% 629.27% 168.00% 110.81% 80.00% 26.67% 61.19%
Operating Cash Flow Growth		 -25.88% 68.17% 399.84% 1,770.41% 411.52% 427.14% 128.23% 140.41% 44.61% 78.65% 6.05%
Free Cash Flow Firm Growth		 -115.18% 42.97% 171.68% 218.77% 342.14% 686.15% 109.77% 113.95% -35.34% 0.51% -25.19%
Invested Capital Growth		 20.84% 19.05% 19.25% 28.89% 35.15% 36.02% 50.21% 45.30% 66.95% 40.86% 62.82%
Revenue Q/Q Growth		 2.02% 18.86% 87.81% 34.15% 21.98% 17.83% 15.34% 16.78% 12.11% 12.03% 6.08%
EBITDA Q/Q Growth		 66.97% 50.87% 187.92% 48.44% 32.99% 21.97% 10.75% 16.19% 13.08% -12.81% 42.03%
EBIT Q/Q Growth		 109.66% 71.79% 222.78% 50.91% 34.04% 22.42% 10.87% 16.32% 13.07% -13.36% 42.96%
NOPAT Q/Q Growth		 106.82% 43.54% 204.55% 51.82% 29.59% 22.80% 10.59% 17.49% 11.26% -11.93% 29.87%
Net Income Q/Q Growth		 107.94% 44.48% 202.89% 49.37% 32.92% 21.12% 11.54% 16.33% 14.41% -15.01% 40.73%
EPS Q/Q Growth		 107.94% 43.86% 202.89% 49.37% 32.92% 20.08% -88.80% 16.42% 15.38% -15.56% 42.11%
Operating Cash Flow Q/Q Growth		 473.47% 29.49% 118.07% 15.50% 56.83% 33.45% -5.58% 21.67% -5.66% 64.86% -43.95%
Free Cash Flow Firm Q/Q Growth		 33.37% 38.60% 309.31% 38.70% 35.85% 48.62% -25.09% 41.47% -58.95% 131.05% -44.25%
Invested Capital Q/Q Growth		 3.14% 2.00% 5.11% 16.56% 8.15% 2.66% 16.06% 12.75% 24.27% -13.38% 34.16%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 63.34% 64.63% 70.05% 73.95% 75.97% 78.35% 75.15% 74.56% 73.03% 60.52% 72.42%
EBITDA Margin		 27.48% 34.89% 53.48% 59.18% 64.52% 66.79% 64.13% 63.80% 64.35% 50.09% 67.06%
Operating Margin		 20.76% 29.76% 50.34% 57.49% 61.60% 64.92% 62.06% 62.34% 61.10% 49.11% 60.84%
EBIT Margin		 20.44% 29.55% 50.78% 57.12% 62.77% 65.21% 62.69% 62.44% 62.97% 48.70% 65.63%
Profit (Net Income) Margin		 23.37% 28.41% 45.81% 51.01% 55.59% 57.14% 55.26% 55.04% 56.17% 42.61% 56.53%
Tax Burden Percent		 109.78% 92.49% 88.64% 87.84% 87.10% 86.12% 86.39% 86.53% 87.60% 85.69% 84.67%
Interest Burden Percent		 104.12% 103.95% 101.78% 101.65% 101.67% 101.74% 102.03% 101.88% 101.82% 102.11% 101.73%
Effective Tax Rate		 -9.78% 7.51% 11.36% 12.16% 12.90% 13.88% 13.61% 13.47% 12.40% 14.31% 15.33%
Return on Invested Capital (ROIC)		 34.05% 38.41% 74.89% 103.36% 140.70% 187.54% 194.83% 201.75% 195.99% 189.30% 203.56%
ROIC Less NNEP Spread (ROIC-NNEP)		 33.49% 37.48% 72.31% 101.65% 136.10% 185.10% 191.81% 199.75% 191.93% 188.60% 197.29%
Return on Net Nonoperating Assets (RNNOA)		 -8.67% -10.14% -17.47% -20.04% -38.94% -65.57% -73.13% -77.75% -80.07% -94.96% -93.06%
Return on Equity (ROE)		 25.38% 28.27% 57.43% 83.32% 101.76% 121.97% 121.71% 124.00% 115.93% 94.34% 110.50%
Cash Return on Invested Capital (CROIC)		 5.57% 7.95% 34.05% 59.33% 95.01% 144.38% 154.87% 165.99% 148.06% 192.12% 149.70%
Operating Return on Assets (OROA)		 12.92% 17.05% 35.68% 54.17% 71.54% 85.61% 89.58% 94.20% 92.68% 71.49% 95.97%
Return on Assets (ROA)		 14.77% 16.40% 32.19% 48.37% 63.35% 75.01% 78.97% 83.03% 82.67% 62.56% 82.66%
Return on Common Equity (ROCE)		 25.38% 28.27% 57.43% 83.32% 101.76% 121.97% 121.71% 124.00% 115.93% 94.34% 110.50%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 19.55% 37.54% 56.78% 0.00% 86.68% 91.15% 95.71% 0.00% 91.57% 0.00%
Net Operating Profit after Tax (NOPAT)		 1,379 1,979 6,028 9,151 11,858 14,562 16,105 18,922 21,054 18,542 24,080
NOPAT Margin		 22.79% 27.52% 44.63% 50.50% 53.65% 55.91% 53.61% 53.94% 53.53% 42.08% 51.52%
Net Nonoperating Expense Percent (NNEP)		 0.56% 0.93% 2.59% 1.71% 4.59% 2.44% 3.03% 2.00% 4.07% 0.70% 6.27%
Return On Investment Capital (ROIC_SIMPLE)		 4.17% - - - 22.51% - - - 23.98% 20.09% 22.17%
Cost of Revenue to Revenue		 36.66% 35.37% 29.95% 26.05% 24.03% 21.65% 24.85% 25.44% 26.97% 39.48% 27.58%
SG&A Expenses to Revenue		 10.33% 8.80% 4.61% 3.80% 3.21% 2.98% 2.80% 2.56% 2.48% 2.36% 2.40%
R&D to Revenue		 32.26% 26.07% 15.10% 12.66% 11.16% 10.44% 10.29% 9.66% 9.44% 9.05% 9.18%
Operating Expenses to Revenue		 42.59% 34.87% 19.71% 16.46% 14.37% 13.43% 13.09% 12.22% 11.92% 11.42% 11.58%
Earnings before Interest and Taxes (EBIT)		 1,237 2,125 6,859 10,351 13,874 16,984 18,831 21,905 24,767 21,458 30,676
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,663 2,509 7,224 10,723 14,261 17,394 19,264 22,383 25,310 22,069 31,345
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 22.65 27.94 41.98 30.06 35.07 44.09 47.82 52.69 44.03 32.31 42.28
Price to Tangible Book Value (P/TBV)		 31.19 36.94 53.26 36.25 40.26 49.58 52.89 57.54 47.63 34.92 45.22
Price to Revenue (P/Rev)		 18.56 26.48 35.32 22.29 24.74 27.16 28.88 30.65 26.77 18.24 25.62
Price to Earnings (P/E)		 114.61 142.94 111.80 52.95 50.64 50.87 52.47 55.05 47.92 35.28 48.89
Dividend Yield		 0.08% 0.06% 0.03% 0.04% 0.03% 0.02% 0.02% 0.02% 0.02% 0.04% 0.02%
Earnings Yield		 0.87% 0.70% 0.89% 1.89% 1.97% 1.97% 1.91% 1.82% 2.09% 2.83% 2.05%
Enterprise Value to Invested Capital (EV/IC)		 25.22 33.78 54.20 40.16 55.83 78.25 86.58 95.95 77.57 68.97 80.78
Enterprise Value to Revenue (EV/Rev)		 18.47 26.31 35.13 22.10 24.47 26.89 28.61 30.39 26.50 17.93 25.33
Enterprise Value to EBITDA (EV/EBITDA)		 87.11 112.71 92.65 44.82 42.94 43.25 44.69 46.96 41.00 29.92 41.39
Enterprise Value to EBIT (EV/EBIT)		 119.32 153.12 106.19 48.20 44.89 44.63 45.89 48.08 41.92 30.63 42.36
Enterprise Value to NOPAT (EV/NOPAT)		 112.91 144.84 114.22 53.48 51.38 51.57 53.31 56.01 48.95 35.69 50.68
Enterprise Value to Operating Cash Flow (EV/OCF)		 88.33 99.80 96.48 52.63 53.07 52.94 56.61 58.38 53.96 34.97 54.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 495.83 461.54 173.13 76.23 67.55 62.47 67.13 68.48 65.53 41.99 66.86
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.50 0.45 0.35 0.29 0.23 0.20 0.15 0.13 0.11 0.10 0.08
Long-Term Debt to Equity		 0.44 0.40 0.31 0.25 0.20 0.17 0.15 0.13 0.11 0.10 0.08
Financial Leverage		 -0.26 -0.27 -0.24 -0.20 -0.29 -0.35 -0.38 -0.39 -0.42 -0.50 -0.47
Leverage Ratio		 1.75 1.76 1.81 1.73 1.64 1.65 1.57 1.51 1.45 1.52 1.43
Compound Leverage Factor		 1.82 1.83 1.84 1.76 1.67 1.68 1.61 1.54 1.48 1.55 1.45
Debt to Total Capital		 33.14% 30.88% 26.08% 22.59% 18.43% 16.50% 12.70% 11.38% 9.64% 9.17% 7.80%
Short-Term Debt to Total Capital		 3.78% 3.52% 3.36% 2.91% 2.37% 2.12% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 29.36% 27.36% 22.73% 19.68% 16.06% 14.38% 12.70% 11.38% 9.64% 9.17% 7.80%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 66.86% 69.12% 73.92% 77.41% 81.57% 83.50% 87.30% 88.62% 90.36% 90.83% 92.20%
Debt to EBITDA		 1.91 1.81 0.78 0.44 0.28 0.20 0.14 0.12 0.10 0.10 0.08
Net Debt to EBITDA		 -0.41 -0.72 -0.51 -0.39 -0.47 -0.44 -0.43 -0.41 -0.41 -0.51 -0.48
Long-Term Debt to EBITDA		 1.70 1.61 0.68 0.38 0.24 0.17 0.14 0.12 0.10 0.10 0.08
Debt to NOPAT		 2.48 2.33 0.97 0.52 0.33 0.23 0.16 0.14 0.12 0.11 0.10
Net Debt to NOPAT		 -0.53 -0.93 -0.63 -0.46 -0.56 -0.52 -0.51 -0.49 -0.49 -0.61 -0.59
Long-Term Debt to NOPAT		 2.20 2.06 0.84 0.46 0.29 0.20 0.16 0.14 0.12 0.11 0.10
Altman Z-Score		 17.32 22.21 33.39 31.24 42.62 49.58 64.90 72.54 68.36 42.41 65.99
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.52 3.43 2.79 3.59 4.17 3.53 4.27 4.10 4.44 3.39 4.21
Quick Ratio		 2.61 2.67 2.23 2.92 3.38 2.88 3.50 3.41 3.67 2.86 3.49
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,029 -1,246 2,608 3,617 4,913 7,302 5,470 7,738 3,177 7,340 4,092
Operating Cash Flow to CapEx		 441.65% 1,173.79% 2,196.54% 2,637.41% 4,527.17% 4,158.54% 1,482.91% 2,168.14% 1,544.01% 2,234.23% 810.82%
Free Cash Flow to Firm to Interest Expense		 -31.71 -18.88 40.12 57.41 77.99 114.10 89.67 126.86 52.08 116.51 66.00
Operating Cash Flow to Interest Expense		 35.13 44.11 97.66 116.38 182.52 239.77 237.51 288.97 272.61 435.14 247.82
Operating Cash Flow Less CapEx to Interest Expense		 27.17 40.35 93.22 111.97 178.49 234.00 221.49 275.64 254.95 415.67 217.26
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.63 0.58 0.70 0.95 1.14 1.31 1.43 1.51 1.47 1.47 1.46
Accounts Receivable Turnover		 6.36 5.44 5.28 6.79 8.81 9.70 9.09 8.71 7.89 8.61 7.88
Inventory Turnover		 2.99 2.91 2.82 2.93 3.18 3.76 4.21 4.40 4.25 5.16 4.61
Fixed Asset Turnover		 8.19 7.78 9.29 11.78 15.78 20.60 22.18 24.66 25.60 26.66 23.56
Accounts Payable Turnover		 7.81 7.20 5.32 6.99 8.54 10.23 8.25 7.07 7.25 8.84 7.82
Days Sales Outstanding (DSO)		 57.35 67.12 69.15 53.76 41.42 37.62 40.17 41.89 46.24 42.39 46.33
Days Inventory Outstanding (DIO)		 121.96 125.50 129.57 124.57 114.64 96.97 86.72 82.99 85.90 70.69 79.26
Days Payable Outstanding (DPO)		 46.75 50.69 68.67 52.23 42.73 35.69 44.24 51.62 50.37 41.30 46.68
Cash Conversion Cycle (CCC)		 132.57 141.93 130.05 126.10 113.33 98.89 82.65 73.27 81.76 71.79 78.90
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 19,758 20,154 21,183 24,690 26,703 27,414 31,818 35,874 44,580 38,616 51,806
Invested Capital Turnover		 1.49 1.40 1.68 2.05 2.62 3.35 3.63 3.74 3.66 4.50 3.95
Increase / (Decrease) in Invested Capital		 3,408 3,225 3,420 5,534 6,945 7,260 10,635 11,184 17,877 11,202 19,988
Enterprise Value (EV)		 498,272 680,758 1,148,061 991,474 1,490,763 2,145,149 2,754,937 3,441,951 3,458,017 2,663,417 4,185,075
Market Capitalization		 500,615 685,124 1,154,379 1,000,049 1,507,038 2,166,877 2,781,276 3,471,976 3,492,764 2,708,644 4,233,400
Book Value per Share		 $8.98 $9.93 $11.13 $13.47 $17.40 $19.96 $23.64 $2.69 $3.24 $3.44 $4.10
Tangible Book Value per Share		 $6.53 $7.51 $8.78 $11.17 $15.16 $17.75 $21.38 $2.46 $2.99 $3.18 $3.84
Total Capital		 33,054 35,474 37,206 42,971 52,687 58,852 66,618 74,361 87,790 92,307 108,597
Total Debt		 10,953 10,954 9,705 9,706 9,709 9,710 8,461 8,462 8,463 8,464 8,466
Total Long-Term Debt		 9,703 9,704 8,456 8,457 8,459 8,460 8,461 8,462 8,463 8,464 8,466
Net Debt		 -2,343 -4,366 -6,318 -8,575 -16,275 -21,728 -26,339 -30,025 -34,747 -45,227 -48,325
Capital Expenditures (CapEx)		 509 248 289 278 254 369 977 813 1,077 1,227 1,895
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 4,464 3,553 3,689 6,525 8,980 8,318 10,864 12,674 18,869 9,702 21,171
Debt-free Net Working Capital (DFNWC)		 17,760 18,873 19,712 24,806 34,964 39,756 45,664 51,161 62,079 63,393 77,962
Net Working Capital (NWC)		 16,510 17,623 18,463 23,557 33,714 38,506 45,664 51,161 62,079 63,393 77,962
Net Nonoperating Expense (NNE)		 -35 -64 -160 -92 -428 -319 -494 -387 -1,037 -233 -2,342
Net Nonoperating Obligations (NNO)		 -2,343 -4,366 -6,318 -8,575 -16,275 -21,728 -26,339 -30,025 -34,747 -45,227 -48,325
Total Depreciation and Amortization (D&A)		 426 384 365 372 387 410 433 478 543 611 669
Debt-free, Cash-free Net Working Capital to Revenue		 16.55% 13.73% 11.29% 14.54% 14.74% 10.43% 11.28% 11.19% 14.46% 6.53% 12.81%
Debt-free Net Working Capital to Revenue		 65.84% 72.93% 60.32% 55.28% 57.39% 49.84% 47.42% 45.17% 47.57% 42.68% 47.19%
Net Working Capital to Revenue		 61.21% 68.10% 56.49% 52.50% 55.34% 48.27% 47.42% 45.17% 47.57% 42.68% 47.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.01 $0.08 $0.25 $0.38 $0.05 $0.60 $0.68 $0.79 $0.90 $0.77 $1.08
Adjusted Weighted Average Basic Shares Outstanding		 248.70B 24.70B 24.73B 24.68B 246.90B 24.62B 24.58B 24.53B 24.56B 24.44B 24.37B
Adjusted Diluted Earnings per Share		 $0.01 $0.08 $0.25 $0.37 $0.05 $0.60 $0.67 $0.78 $0.90 $0.76 $1.08
Adjusted Weighted Average Diluted Shares Outstanding		 250.70B 24.90B 24.99B 24.94B 249.40B 24.89B 24.85B 24.77B 24.80B 24.61B 24.53B
Adjusted Basic & Diluted Earnings per Share		 $0.01 $0.00 $0.00 $0.00 $0.05 $0.00 $0.00 $0.00 $0.90 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.70B 24.70B 24.70B 24.70B 25B 24.60B 24.53B 24.49B 24.40B 24.40B 24.30B
Normalized Net Operating Profit after Tax (NOPAT)		 879 1,979 6,028 9,151 11,858 14,562 16,105 18,922 21,054 18,542 24,080
Normalized NOPAT Margin		 14.53% 27.52% 44.63% 50.50% 53.65% 55.91% 53.61% 53.94% 53.53% 42.08% 51.52%
Pre Tax Income Margin		 21.29% 30.71% 51.68% 58.07% 63.82% 66.35% 63.96% 63.61% 64.11% 49.73% 66.76%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 19.33 32.20 105.52 164.30 220.22 265.38 308.70 359.10 406.02 340.60 494.77
NOPAT to Interest Expense		 21.54 29.99 92.73 145.25 188.23 227.54 264.01 310.20 345.14 294.32 388.39
EBIT Less CapEx to Interest Expense		 11.38 28.44 101.08 159.89 216.19 259.61 292.69 345.77 388.36 321.13 464.21
NOPAT Less CapEx to Interest Expense		 13.59 26.23 88.29 140.84 184.20 221.77 248.00 296.87 327.49 274.84 357.82
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 9.11% 8.28% 3.85% 2.09% 1.33% 0.92% 1.02% 1.09% 1.14% 1.28% 1.13%
Augmented Payout Ratio		 238.94% 176.09% 79.05% 44.90% 33.36% 41.47% 41.32% 46.36% 47.39% 53.46% 50.35%

Key Financial Trends

NVIDIA Corp's financial review over the past four years demonstrates a strong upward trajectory in revenue, profitability, and balance sheet strength, with some fluctuations in cash flows primarily related to investing and financing activities.

Key Positive Trends:

  • Operating Revenue growth from about $6.5 billion in early 2023 to $46.7 billion by Q2 2026, indicating robust demand and business expansion.
  • Net Income increased significantly over the period, reaching $26.4 billion in Q2 2026 from less than $1 billion in early 2023, reflecting strong profitability improvements and operational efficiency.
  • Gross Profit margin has improved, with gross profit rising substantially alongside revenue growth (e.g., from $3.8 billion in Q4 2023 to $33.9 billion in Q2 2026), showing effective cost control relative to sales.
  • Total Common Equity has grown substantially from around $22 billion in early 2023 to approximately $100 billion in Q2 2026, indicating a strong and expanding capital base.
  • Net Cash from Operating Activities has increased significantly, with Q2 2026 showing $15.4 billion, compared to much smaller operating cash inflows in earlier years, supporting strong internal cash generation.
  • Research & Development expenses have steadily increased, supporting ongoing innovation critical for NVIDIA's competitive advantage.
  • Consistent and growing dividend payments, reflecting confidence in cash flow stability and a commitment to shareholder returns.

Neutral Aspects:

  • Fluctuations in Capex (Purchase of Property, Plant & Equipment) suggest NVIDIA is investing steadily in capacity but at varying levels each quarter.
  • Stock repurchases are sizeable and variable, reflecting strategic capital allocation but with some quarters showing very aggressive buybacks.
  • Total liabilities have increased from about $19 billion in early 2023 to around $40.6 billion in Q2 2026; however, this is proportionate to asset growth and revenue expansion.

Potential Negative Points:

  • Large investments in acquisitions and purchase of investments have caused significant cash outflows in some periods, impacting free cash flow.
  • Net Cash From Financing Activities is consistently negative, primarily due to substantial share repurchases and dividends paid, which could pressure liquidity if operating cash flow weakens.

Summary:

NVIDIA has experienced remarkable growth in revenue and profitability since 2023, with increasing net income and substantial cash flow generation from operations. The company's balance sheet is strengthening with growing equity and manageable liabilities relative to assets. Heavy investment in R&D and property, plant & equipment reflects ongoing commitment to growth and innovation. However, significant cash is used for acquisitions and stock buybacks, necessitating continued strong operational performance to maintain financial flexibility.

09/13/25 02:08 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About NVIDIA's Financials

When does NVIDIA's fiscal year end?

According to the most recent income statement we have on file, NVIDIA's financial year ends in January. Their financial year 2025 ended on January 26, 2025.

How has NVIDIA's net income changed over the last 10 years?

NVIDIA's net income appears to be on an upward trend, with a most recent value of $72.88 billion in 2025, rising from $631 million in 2015. The previous period was $29.76 billion in 2024. See NVIDIA's forecast for analyst expectations on what’s next for the company.

What is NVIDIA's operating income?
NVIDIA's total operating income in 2025 was $81.45 billion, based on the following breakdown:
  • Total Gross Profit: $97.86 billion
  • Total Operating Expenses: $16.41 billion
How has NVIDIA's revenue changed over the last 10 years?

Over the last 10 years, NVIDIA's total revenue changed from $4.68 billion in 2015 to $130.50 billion in 2025, a change of 2,687.2%.

How much debt does NVIDIA have?

NVIDIA's total liabilities were at $32.27 billion at the end of 2025, a 41.9% increase from 2024, and a 1,059.7% increase since 2015.

How much cash does NVIDIA have?

In the past 10 years, NVIDIA's cash and equivalents has ranged from $497 million in 2015 to $10.90 billion in 2020, and is currently $8.59 billion as of their latest financial filing in 2025.

How has NVIDIA's book value per share changed over the last 10 years?

Over the last 10 years, NVIDIA's book value per share changed from 8.13 in 2015 to 3.24 in 2025, a change of -60.1%.


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This page (NASDAQ:NVDA) was last updated on 9/13/2025 by MarketBeat.com Staff
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