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Nvidia Corporation Financials

NVDA
Source SEC Filings (10-K/10-Q) Updated Jan 25, 2026 Currency USD FYE January

This page shows Nvidia Corporation (NVDA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Mixed
0.86x

For every $1 of reported earnings, Nvidia Corporation generates $0.86 in operating cash flow ($102.7B OCF vs $120.1B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe
503.4x

Nvidia Corporation earns $503.4 in operating income for every $1 of interest expense ($130.4B vs $259.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$215.9B
YoY+65.5%
5Y CAGR+66.9%
10Y CAGR+45.7%

Nvidia Corporation generated $215.9B in revenue in fiscal year 2026. This represents an increase of 65.5% from the prior year.

EBITDA
$133.2B
YoY+59.9%
5Y CAGR+88.3%
10Y CAGR+64.0%

Nvidia Corporation's EBITDA was $133.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 59.9% from the prior year.

Net Income
$120.1B
YoY+64.7%
5Y CAGR+94.3%
10Y CAGR+69.5%

Nvidia Corporation reported $120.1B in net income in fiscal year 2026. This represents an increase of 64.7% from the prior year.

EPS (Diluted)
$4.90
YoY+66.7%

Nvidia Corporation earned $4.90 per diluted share (EPS) in fiscal year 2026. This represents an increase of 66.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$96.7B
YoY+58.9%

Nvidia Corporation generated $96.7B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 58.9% from the prior year.

Cash & Debt
N/A
Dividends Per Share
$0.04
YoY+17.6%

Nvidia Corporation paid $0.04 per share in dividends in fiscal year 2026. This represents an increase of 17.6% from the prior year.

Shares Outstanding
24.30B
YoY-0.4%

Nvidia Corporation had 24.30B shares outstanding in fiscal year 2026. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin
71.1%
YoY-3.9pp
5Y CAGR+8.7pp
10Y CAGR+15.0pp

Nvidia Corporation's gross margin was 71.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 3.9 percentage points from the prior year.

Operating Margin
60.4%
YoY-2.0pp
5Y CAGR+33.2pp
10Y CAGR+45.5pp

Nvidia Corporation's operating margin was 60.4% in fiscal year 2026, reflecting core business profitability. This is down 2.0 percentage points from the prior year.

Net Margin
55.6%
YoY-0.2pp
5Y CAGR+29.6pp
10Y CAGR+43.3pp

Nvidia Corporation's net profit margin was 55.6% in fiscal year 2026, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
$18.5B
YoY+43.2%
5Y CAGR+36.4%
10Y CAGR+30.1%

Nvidia Corporation invested $18.5B in research and development in fiscal year 2026. This represents an increase of 43.2% from the prior year.

Share Buybacks
$40.1B
YoY+18.9%
10Y CAGR+52.6%

Nvidia Corporation spent $40.1B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 18.9% from the prior year.

Capital Expenditures
$6.0B
YoY+86.7%

Nvidia Corporation invested $6.0B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 86.7% from the prior year.

NVDA Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $68.1B+19.5% $57.0B+22.0% $46.7B+6.1% $44.1B+12.0% $39.3B+12.1% $35.1B+16.8% $30.0B+15.3% $26.0B
Cost of Revenue $17.0B+12.4% $15.2B+17.6% $12.9B-25.9% $17.4B+64.0% $10.6B+18.9% $8.9B+19.6% $7.5B+32.4% $5.6B
Gross Profit $51.1B+22.1% $41.8B+23.6% $33.9B+26.9% $26.7B-7.2% $28.7B+9.8% $26.2B+15.9% $22.6B+10.6% $20.4B
R&D Expenses $5.5B+17.2% $4.7B+9.6% $4.3B+7.6% $4.0B+7.4% $3.7B+9.6% $3.4B+9.7% $3.1B+13.6% $2.7B
SG&A Expenses $1.3B+13.1% $1.1B+1.1% $1.1B+7.8% $1.0B+6.8% $975.0M+8.7% $897.0M+6.5% $842.0M+8.4% $777.0M
Operating Income $44.3B+23.0% $36.0B+26.6% $28.4B+31.4% $21.6B-10.0% $24.0B+9.9% $21.9B+17.3% $18.6B+10.2% $16.9B
Interest Expense $73.0M+19.7% $61.0M-1.6% $62.0M-1.6% $63.0M+3.3% $61.0M0.0% $61.0M0.0% $61.0M-4.7% $64.0M
Income Tax $7.4B+23.4% $6.0B+26.0% $4.8B+52.6% $3.1B+0.3% $3.1B+4.0% $3.0B+15.0% $2.6B+9.0% $2.4B
Net Income $43.0B+34.6% $31.9B+20.8% $26.4B+40.7% $18.8B-15.0% $22.1B+14.4% $19.3B+16.3% $16.6B+11.5% $14.9B
EPS (Diluted) N/A $1.30+20.4% $1.08+42.1% $0.76 N/A $0.78 $0.67+11.7% $0.60

NVDA Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $206.8B+28.3% $161.1B+14.5% $140.7B+12.4% $125.3B+12.2% $111.6B+16.2% $96.0B+12.7% $85.2B+10.6% $77.1B
Current Assets $125.6B+7.8% $116.5B+14.0% $102.2B+13.7% $89.9B+12.2% $80.1B+18.5% $67.6B+13.4% $59.6B+11.0% $53.7B
Cash & Equivalents $10.6B-7.7% $11.5B-1.3% $11.6B-23.6% $15.2B+77.4% $8.6B-5.7% $9.1B+6.4% $8.6B+12.9% $7.6B
Inventory $21.4B+8.2% $19.8B+32.2% $15.0B+32.0% $11.3B+12.4% $10.1B+31.7% $7.7B+14.7% $6.7B+13.8% $5.9B
Accounts Receivable $38.5B+15.2% $33.4B+20.1% $27.8B+25.6% $22.1B-4.0% $23.1B+30.4% $17.7B+25.2% $14.1B+14.3% $12.4B
Goodwill $20.8B+232.7% $6.3B+8.8% $5.8B+4.7% $5.5B+6.0% $5.2B+9.8% $4.7B+2.2% $4.6B+3.8% $4.5B
Total Liabilities $49.5B+17.2% $42.3B+4.0% $40.6B-1.9% $41.4B+28.3% $32.3B+7.2% $30.1B+11.2% $27.1B-3.1% $27.9B
Current Liabilities $32.2B+23.3% $26.1B+7.5% $24.3B-8.6% $26.5B+47.1% $18.0B+9.5% $16.5B+18.0% $14.0B-8.2% $15.2B
Long-Term Debt $7.5B0.0% $7.5B-11.8% $8.5B0.0% $8.5B0.0% $8.5B0.0% $8.5B0.0% $8.5B0.0% $8.5B
Total Equity $157.3B+32.3% $118.9B+18.7% $100.1B+19.4% $83.8B+5.7% $79.3B+20.4% $65.9B+13.3% $58.2B+18.3% $49.1B
Retained Earnings $147.0B+36.2% $107.9B+21.6% $88.7B+23.0% $72.2B+6.1% $68.0B+26.1% $54.0B+17.4% $46.0B+25.6% $36.6B

NVDA Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $36.2B+52.4% $23.8B+54.6% $15.4B-44.0% $27.4B+64.9% $16.6B-5.7% $17.6B+21.7% $14.5B-5.6% $15.3B
Capital Expenditures $1.3B-21.5% $1.6B-13.7% $1.9B+54.4% $1.2B+13.9% $1.1B+32.5% $813.0M-16.8% $977.0M+164.8% $369.0M
Free Cash Flow $34.9B+57.8% $22.1B+64.2% $13.5B-48.6% $26.2B+68.4% $15.6B-7.5% $16.8B+24.4% $13.5B-9.8% $15.0B
Investing Cash Flow -$30.9B-242.0% -$9.0B-26.6% -$7.1B-36.6% -$5.2B+27.5% -$7.2B-65.6% -$4.3B-36.5% -$3.2B+44.1% -$5.7B
Financing Cash Flow -$6.2B+58.3% -$14.9B-25.8% -$11.8B+23.9% -$15.6B-56.3% -$9.9B+21.9% -$12.7B-23.5% -$10.3B-10.4% -$9.3B
Dividends Paid $242.0M-0.8% $244.0M0.0% $244.0M0.0% $244.0M-0.4% $245.0M0.0% $245.0M-0.4% $246.0M+151.0% $98.0M
Share Buybacks $3.8B-69.4% $12.5B+28.1% $9.7B-31.0% $14.1B+80.5% $7.8B-29.0% $11.0B+53.6% $7.2B-7.5% $7.7B

NVDA Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 75.0%+1.6pp 73.4%+1.0pp 72.4%+11.9pp 60.5%-12.5pp 73.0%-1.5pp 74.6%-0.6pp 75.1%-3.2pp 78.3%
Operating Margin 65.0%+1.8pp 63.2%+2.3pp 60.8%+11.7pp 49.1%-12.0pp 61.1%-1.2pp 62.3%+0.3pp 62.1%-2.9pp 64.9%
Net Margin 63.1%+7.1pp 56.0%-0.6pp 56.5%+13.9pp 42.6%-13.6pp 56.2%+1.1pp 55.0%-0.2pp 55.3%-1.9pp 57.1%
Return on Equity 27.3%+0.5pp 26.8%+0.5pp 26.4%+4.0pp 22.4%-5.5pp 27.9%-1.4pp 29.3%+0.8pp 28.5%-1.7pp 30.3%
Return on Assets 20.8%+1.0pp 19.8%+1.0pp 18.8%+3.8pp 15.0%-4.8pp 19.8%-0.3pp 20.1%+0.6pp 19.5%+0.2pp 19.3%
Current Ratio 3.91-0.6 4.47+0.3 4.21+0.8 3.39-1.1 4.44+0.3 4.10-0.2 4.27+0.7 3.53
Debt-to-Equity 0.05-0.0 0.06-0.0 0.08-0.0 0.100.0 0.11-0.0 0.13-0.0 0.15-0.0 0.17
FCF Margin 51.2%+12.4pp 38.8%+10.0pp 28.8%-30.6pp 59.4%+19.9pp 39.5%-8.4pp 47.9%+3.0pp 45.0%-12.5pp 57.5%

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Frequently Asked Questions

Nvidia Corporation (NVDA) reported $215.9B in total revenue for fiscal year 2026. This represents a 65.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Nvidia Corporation (NVDA) revenue grew by 65.5% year-over-year, from $130.5B to $215.9B in fiscal year 2026.

Yes, Nvidia Corporation (NVDA) reported a net income of $120.1B in fiscal year 2026, with a net profit margin of 55.6%.

Nvidia Corporation (NVDA) reported diluted earnings per share of $4.90 for fiscal year 2026. This represents a 66.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Nvidia Corporation (NVDA) had EBITDA of $133.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

Nvidia Corporation (NVDA) had a gross margin of 71.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Nvidia Corporation (NVDA) had an operating margin of 60.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Nvidia Corporation (NVDA) had a net profit margin of 55.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Nvidia Corporation (NVDA) paid $0.04 per share in dividends during fiscal year 2026.

Nvidia Corporation (NVDA) generated $96.7B in free cash flow during fiscal year 2026. This represents a 58.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Nvidia Corporation (NVDA) generated $102.7B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Nvidia Corporation (NVDA) invested $6.0B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Nvidia Corporation (NVDA) invested $18.5B in research and development during fiscal year 2026.

Yes, Nvidia Corporation (NVDA) spent $40.1B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Nvidia Corporation (NVDA) had 24.30B shares outstanding as of fiscal year 2026.

Nvidia Corporation (NVDA) has an earnings quality ratio of 0.86x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Nvidia Corporation (NVDA) has an interest coverage ratio of 503.4x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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