NASDAQ : NVDA
NVIDIA Corporation — Financial statements
Technology · Semiconductors · United States
Last price 204.64 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.94T
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Financial statements
NVIDIA Corporation (NVDA) reported revenue of 302.97B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 302.97B | 215.94B | 130.50B | 60.92B | 26.97B | 26.91B |
| Cost of Revenue | 76.73B | 62.48B | 32.64B | 16.62B | 11.62B | 9.44B |
| Gross Profit | 226.24B | 153.46B | 97.86B | 44.30B | 15.36B | 17.48B |
| Selling, General & Admin | 5.07B | 4.58B | 3.49B | 2.65B | 2.44B | 2.17B |
| Research & Development | 23.59B | 18.50B | 12.91B | 8.68B | 7.34B | 5.27B |
| Operating Expenses | 28.66B | 23.08B | 16.41B | 11.33B | 9.78B | 7.43B |
| Operating Income | 197.58B | 130.39B | 81.45B | 32.97B | 5.58B | 10.04B |
| Interest Expense | -464.00M | -259.00M | -247.00M | -257.00M | -262.00M | -236.00M |
| Interest & Investment Income | 2.23B | 2.30B | 1.79B | 866.00M | 267.00M | 29.00M |
| Other Non Operating Income (Expenses) | -153.00M | 104.00M | 4.00M | -1.00M | -3.00M | 7.00M |
| EBT Excluding Unusual Items | 199.19B | 132.53B | 83.00B | 33.58B | 5.58B | 9.84B |
| Merger & Restructuring Charges | -1.35B | |||||
| Gain (Loss) on Sale of Investments | 30.55B | 8.92B | 1.03B | 238.00M | -45.00M | 100.00M |
| Pretax Income | 229.74B | 141.45B | 84.03B | 33.82B | 4.18B | 9.94B |
| Income Tax Expense | 36.86B | 21.38B | 11.15B | 4.06B | -187.00M | 189.00M |
| Net Income | 192.88B | 120.07B | 72.88B | 29.76B | 4.37B | 9.75B |
| Net Income to Common | 192.88B | 120.07B | 72.88B | 29.76B | 4.37B | 9.75B |
| Shares Outstanding (Basic) | 24.28B | 24.36B | 24.55B | 24.69B | 24.87B | 24.96B |
| Shares Outstanding (Diluted) | 24.40B | 24.51B | 24.80B | 24.94B | 25.07B | 25.35B |
| EPS (Basic) | 7.95 | 4.93 | 2.97 | 1.21 | 0.18 | 0.39 |
| EPS (Diluted) | 7.91 | 4.90 | 2.94 | 1.19 | 0.17 | 0.39 |
| Free Cash Flow | 127.01B | 96.68B | 60.85B | 27.02B | 3.81B | 8.13B |
| Free Cash Flow Per Share | 5.21 | 3.94 | 2.45 | 1.08 | 0.15 | 0.32 |
| Dividend Per Share | 0.28 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Gross Margin | 74.67% | 71.07% | 74.99% | 72.72% | 56.93% | 64.93% |
| Operating Margin | 65.21% | 60.38% | 62.42% | 54.12% | 20.67% | 37.31% |
| Profit Margin | 63.66% | 55.60% | 55.85% | 48.85% | 16.19% | 36.23% |
| Free Cash Flow Margin | 41.92% | 44.77% | 46.63% | 44.35% | 14.12% | 30.21% |
| EBITDA | 201.27B | 133.23B | 83.32B | 34.48B | 7.12B | 11.21B |
| EBITDA Margin | 66.43% | 61.70% | 63.85% | 56.60% | 26.40% | 41.67% |
| D&A For EBITDA | 3.69B | 2.84B | 1.86B | 1.51B | 1.54B | 1.17B |
| EBIT | 197.58B | 130.39B | 81.45B | 32.97B | 5.58B | 10.04B |
| EBIT Margin | 65.21% | 60.38% | 62.42% | 54.12% | 20.67% | 37.31% |
| Effective Tax Rate | 16.05% | 15.12% | 13.26% | 12.00% | 1.90% |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 22.44B | 10.61B | 8.59B | 7.28B | 3.39B | 1.99B |
| Short-Term Investments | 40.03B | 51.95B | 34.62B | 18.70B | 9.91B | 19.22B |
| Cash & Short-Term Investments | 62.47B | 62.56B | 43.21B | 25.98B | 13.30B | 21.21B |
| Receivables | 63.06B | 38.47B | 23.07B | 10.00B | 3.83B | 4.65B |
| Inventory | 31.57B | 21.40B | 10.08B | 5.28B | 5.16B | 2.60B |
| Prepaid Expenses | 3.41B | 3.18B | 3.77B | 3.08B | 791.00M | 366.00M |
| Total Current Assets | 197.41B | 125.61B | 80.13B | 44.34B | 23.07B | 28.83B |
| Property, Plant & Equipment | 19.68B | 13.25B | 8.08B | 5.26B | 4.84B | 3.61B |
| Long-Term Investments | 51.16B | 22.25B | 3.39B | 1.32B | 299.00M | 266.00M |
| Goodwill | 21.12B | 20.83B | 5.19B | 4.43B | 4.37B | 4.35B |
| Other Intangible Assets | 3.00B | 3.31B | 807.00M | 1.11B | 1.68B | 2.34B |
| Long-Term Deferred Tax Assets | 12.16B | 13.26B | 10.98B | 6.08B | 3.40B | 1.22B |
| Other Long-Term Assets | 15.75B | 8.30B | 3.04B | 3.18B | 3.52B | 3.58B |
| Total Assets | 320.27B | 206.80B | 111.60B | 65.73B | 41.18B | 44.19B |
| Accounts Payable | 15.06B | 9.81B | 6.31B | 2.70B | 1.19B | 1.78B |
| Accrued Expenses | 1.21B | 1.15B | 848.00M | 675.00M | 530.00M | 409.00M |
| Current Portion of Long-Term Debt | 1.00B | 999.00M | 1.25B | 1.25B | ||
| Current Portion of Leases | 509.00M | 372.00M | 228.00M | 176.00M | 144.00M | |
| Current Income Taxes Payable | 5.21B | 2.67B | 881.00M | 296.00M | 467.00M | 132.00M |
| Current Unearned Revenue | 4.62B | 1.38B | 837.00M | 764.00M | 354.00M | 300.00M |
| Other Current Liabilities | 15.42B | 15.79B | 9.17B | 4.72B | 2.59B | 1.57B |
| Total Current Liabilities | 43.02B | 32.16B | 18.05B | 10.63B | 6.56B | 4.33B |
| Long-Term Debt | 32.37B | 7.47B | 8.46B | 8.46B | 9.70B | 10.95B |
| Long-Term Leases | 4.99B | 2.57B | 1.52B | 1.12B | 902.00M | 741.00M |
| Long-Term Unearned Revenue | 1.80B | 1.19B | 976.00M | 573.00M | 218.00M | 202.00M |
| Long-Term Deferred Tax Liabilities | 1.62B | 1.77B | 886.00M | 462.00M | 247.00M | 245.00M |
| Other Long-Term Liabilities | 7.50B | 4.34B | 2.38B | 1.51B | 1.45B | 1.11B |
| Total Liabilities | 91.29B | 49.51B | 32.27B | 22.75B | 19.08B | 17.57B |
| Common Stock | 24.00M | 24.00M | 24.00M | 25.00M | 2.00M | 3.00M |
| Additional Paid-In Capital | 9.83B | 10.12B | 11.24B | 13.11B | 11.97B | 10.38B |
| Retained Earnings | 219.16B | 146.97B | 68.04B | 29.82B | 10.17B | 16.23B |
| Comprehensive Income & Other | -25.00M | 178.00M | 28.00M | 27.00M | -43.00M | -11.00M |
| Shareholders' Equity | 228.98B | 157.29B | 79.33B | 42.98B | 22.10B | 26.61B |
| Total Liabilities & Equity | 320.27B | 206.80B | 111.60B | 65.73B | 41.18B | 44.19B |
| Total Debt | 38.86B | 11.41B | 9.98B | 11.06B | 12.03B | 11.83B |
| Net Cash (Debt) | 23.61B | 51.14B | 33.23B | 14.93B | 1.26B | 9.38B |
| Net Cash Per Share | 0.97 | 2.09 | 1.34 | 0.60 | 0.05 | 0.37 |
| Filing Date Shares Outstanding | 24.10B | 24.30B | 24.40B | 25.00B | 24.70B | 25.06B |
| Total Common Shares Outstanding | 24.15B | 24.30B | 24.48B | 24.64B | 24.66B | 25.06B |
| Working Capital | 154.39B | 93.44B | 62.08B | 33.71B | 16.51B | 24.49B |
| Book Value Per Share | 9.48 | 6.47 | 3.24 | 1.74 | 0.90 | 1.06 |
| Tangible Book Value | 204.86B | 133.16B | 73.33B | 37.44B | 16.05B | 19.92B |
| Tangible Book Value Per Share | 8.48 | 5.48 | 3.00 | 1.52 | 0.65 | 0.80 |
| Land | 777.00M | 511.00M | 218.00M | 218.00M | 218.00M | |
| Buildings | 2.89B | 2.08B | 1.82B | 1.60B | 874.00M | |
| Machinery | 12.62B | 7.57B | 5.20B | 4.30B | 2.85B | |
| Construction In Progress | 683.00M | 529.00M | 189.00M | 382.00M | 737.00M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 192.88B | 120.07B | 72.88B | 29.76B | 4.37B | 9.75B |
| Depreciation & Amortization | 3.69B | 2.84B | 1.86B | 1.51B | 1.54B | 1.17B |
| Loss (Gain) From Sale of Investments | -30.55B | -8.92B | -1.03B | -238.00M | 45.00M | -100.00M |
| Stock-Based Compensation | 7.24B | 6.39B | 4.74B | 3.55B | 2.71B | 2.00B |
| Other Operating Activities | 1.85B | -1.71B | -4.98B | -2.77B | -818.00M | -359.00M |
| Change in Accounts Receivable | -35.25B | -15.40B | -13.06B | -6.17B | 822.00M | -2.21B |
| Change in Inventory | -16.65B | -11.32B | -4.78B | -98.00M | -2.55B | -774.00M |
| Change in Accounts Payable | 4.97B | 3.10B | 3.36B | 1.53B | -551.00M | 568.00M |
| Change in Other Net Operating Assets | 6.18B | 7.68B | 5.10B | 1.02B | 76.00M | -942.00M |
| Operating Cash Flow | 134.36B | 102.72B | 64.09B | 28.09B | 5.64B | 9.11B |
| Capital Expenditures | -7.35B | -6.04B | -3.24B | -1.07B | -1.83B | -976.00M |
| Cash Acquisitions | -1.16B | -1.53B | -1.01B | -83.00M | -49.00M | -263.00M |
| Sale (Purchase) of Intangibles | -13.00B | -13.00B | ||||
| Investment in Securities | -53.48B | -31.65B | -16.20B | -9.29B | 9.26B | -8.59B |
| Other Investing Activities | -15.00M | 22.00M | -124.00M | |||
| Investing Cash Flow | -75.01B | -52.23B | -20.42B | -10.57B | 7.38B | -9.83B |
| Long-Term Debt Issued | 4.98B | |||||
| Long-Term Debt Repaid | -1.25B | -1.25B | -1.00B | |||
| Net Debt Issued (Repaid) | 24.90B | -1.25B | -1.25B | 3.98B | ||
| Issuance of Common Stock | 789.00M | 644.00M | 490.00M | 403.00M | 355.00M | 281.00M |
| Repurchase of Common Stock | -64.41B | -48.03B | -40.64B | -12.32B | -11.51B | -1.90B |
| Common Dividends Paid | -6.78B | -974.00M | -834.00M | -395.00M | -398.00M | -399.00M |
| Other Financing Activities | -3.04B | -110.00M | -129.00M | -75.00M | -60.00M | -90.00M |
| Financing Cash Flow | -48.55B | -48.47B | -42.36B | -13.63B | -11.62B | 1.86B |
| Net Cash Flow | 10.80B | 2.02B | 1.31B | 3.89B | 1.40B | 1.14B |
| Free Cash Flow | 127.01B | 96.68B | 60.85B | 27.02B | 3.81B | 8.13B |
| Free Cash Flow Margin | 41.92% | 44.77% | 46.63% | 44.35% | 14.12% | 30.21% |
| Free Cash Flow Per Share | 5.21 | 3.94 | 2.45 | 1.08 | 0.15 | 0.32 |
| Levered Free Cash Flow | 41.81B | 58.13B | 44.46B | 19.87B | 4.53B | 6.47B |
| Unlevered Free Cash Flow | 42.10B | 58.29B | 44.61B | 20.03B | 4.70B | 6.62B |
| Cash Interest Paid | 254.00M | 246.00M | ||||
| Cash Income Tax Paid | 20.29B | 20.29B | 15.12B | 6.55B | 1.40B | 396.00M |
| Change in Working Capital | -40.74B | -15.95B | -9.38B | -3.72B | -2.21B | -3.36B |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.88T | 4.56T | 3.49T | 1.51T | 501.18B | 571.00B |
| Enterprise Value | 4.86T | 4.51T | 3.46T | 1.50T | 499.94B | 563.53B |
| Last Close Price | 204.64 | 187.23 | 142.25 | 60.85 | 20.30 | 22.74 |
| PE Ratio | 25.57 | 37.98 | 47.92 | 50.65 | 114.74 | 58.55 |
| Forward PE | 16.71 | 26.73 | 36.24 | 31.19 | 52.57 | 45.52 |
| PS Ratio | 16.12 | 21.12 | 26.77 | 24.74 | 18.58 | 21.22 |
| PB Ratio | 21.58 | 28.99 | 44.03 | 35.08 | 22.68 | 21.46 |
| P/TBV Ratio | 23.85 | 34.25 | 47.63 | 40.27 | 31.22 | 28.66 |
| P/FCF Ratio | 38.46 | 47.17 | 57.40 | 55.79 | 131.61 | 70.22 |
| P/OCF Ratio | 36.36 | 44.40 | 54.50 | 53.67 | 88.85 | 62.69 |
| PEG Ratio | 0.34 | 0.71 | 0.95 | 0.74 | 2.42 | 1.87 |
| EV/Sales Ratio | 16.05 | 20.89 | 26.55 | 24.62 | 18.53 | 20.94 |
| EV/EBITDA Ratio | 24.15 | 33.85 | 41.58 | 43.51 | 70.21 | 50.25 |
| EV/EBIT Ratio | 24.60 | 34.59 | 42.53 | 45.50 | 89.64 | 56.12 |
| EV/FCF Ratio | 38.28 | 46.66 | 56.93 | 55.52 | 131.29 | 69.30 |
| Debt / Equity Ratio | 0.17 | 0.07 | 0.13 | 0.26 | 0.54 | 0.45 |
| Debt / EBITDA Ratio | 0.19 | 0.09 | 0.12 | 0.32 | 1.64 | 1.04 |
| Debt / FCF Ratio | 0.31 | 0.12 | 0.16 | 0.41 | 3.16 | 1.46 |
| Net Debt / Equity Ratio | -0.10 | -0.33 | -0.42 | -0.35 | -0.06 | -0.35 |
| Net Debt / EBITDA Ratio | -0.12 | -0.38 | -0.40 | -0.43 | -0.18 | -0.84 |
| Net Debt / FCF Ratio | -0.19 | -0.53 | -0.55 | -0.55 | -0.33 | -1.15 |
| Asset Turnover | 1.31 | 1.36 | 1.47 | 1.14 | 0.63 | 0.74 |
| Inventory Turnover | 3.30 | 3.97 | 4.25 | 3.18 | 2.99 | 4.26 |
| Quick Ratio | 2.92 | 3.14 | 3.67 | 3.38 | 2.61 | 5.96 |
| Current Ratio | 4.59 | 3.90 | 4.44 | 4.17 | 3.52 | 6.65 |
| Return on Equity (ROE) | 117.21% | 101.48% | 119.18% | 91.46% | 17.93% | 44.83% |
| Return on Assets (ROA) | 53.57% | 51.19% | 57.42% | 38.55% | 8.17% | 17.20% |
| Return on Invested Capital (ROIC) | 92.03% | 145.39% | 190.56% | 118.71% | 29.30% | 65.31% |
| Return on Capital Employed (ROCE) | 71.30% | 74.70% | 87.10% | 59.80% | 16.10% | 25.20% |
| Earnings Yield | 3.91% | 2.63% | 2.09% | 1.97% | 0.87% | 1.71% |
| FCF Yield | 2.60% | 2.12% | 1.74% | 1.79% | 0.76% | 1.42% |
| Dividend Yield | 0.49% | 0.02% | 0.02% | 0.03% | 0.08% | 0.07% |
| Payout Ratio | 6.58% | 0.81% | 1.14% | 1.33% | 9.11% | 4.09% |
| Buyback Yield / Dilution | 1.04% | 1.17% | 0.55% | 0.52% | 1.10% | -1.00% |
| Total Shareholder Return | 1.54% | 1.19% | 0.57% | 0.55% | 1.18% | -0.93% |