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
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.
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
Earnings & Revenue
Nvidia Corporation generated $215.9B in revenue in fiscal year 2026. This represents an increase of 65.5% from the prior year.
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.
Nvidia Corporation reported $120.1B in net income in fiscal year 2026. This represents an increase of 64.7% from the prior year.
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
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.
Nvidia Corporation paid $0.04 per share in dividends in fiscal year 2026. This represents an increase of 17.6% from the prior year.
Nvidia Corporation had 24.30B shares outstanding in fiscal year 2026. This represents a decrease of 0.4% from the prior year.
Margins & Returns
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.
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.
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.
Capital Allocation
Nvidia Corporation invested $18.5B in research and development in fiscal year 2026. This represents an increase of 43.2% from the prior year.
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.
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
What is Nvidia Corporation's annual revenue?
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.
How fast is Nvidia Corporation's revenue growing?
Nvidia Corporation (NVDA) revenue grew by 65.5% year-over-year, from $130.5B to $215.9B in fiscal year 2026.
Is Nvidia Corporation profitable?
Yes, Nvidia Corporation (NVDA) reported a net income of $120.1B in fiscal year 2026, with a net profit margin of 55.6%.
What is Nvidia Corporation's EBITDA?
Nvidia Corporation (NVDA) had EBITDA of $133.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Nvidia Corporation's gross margin?
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.
What is Nvidia Corporation's operating margin?
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.
What is Nvidia Corporation's net profit margin?
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.
Does Nvidia Corporation pay dividends?
Yes, Nvidia Corporation (NVDA) paid $0.04 per share in dividends during fiscal year 2026.
What is Nvidia Corporation's free cash flow?
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.
What is Nvidia Corporation's operating cash flow?
Nvidia Corporation (NVDA) generated $102.7B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Nvidia Corporation's capital expenditures?
Nvidia Corporation (NVDA) invested $6.0B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Nvidia Corporation spend on research and development?
Nvidia Corporation (NVDA) invested $18.5B in research and development during fiscal year 2026.
Are Nvidia Corporation's earnings high quality?
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.
Can Nvidia Corporation cover its interest payments?
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.