NVIDIA (NVDA) Financials

$196.48 -2.00 (-1.01%)

Closing price 03:59 PM Eastern

Extended Trading

$197.17 +0.69 (+0.35%)

As of 05:11 PM Eastern

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Net Income / (Loss) Attributable to Common Shareholders	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880	120,067
Consolidated Net Income / (Loss)	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880	120,067
Net Income / (Loss) Continuing Operations	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880	120,067
Total Pre-Tax Income	743	1,905	3,196	3,896	2,970	4,409	9,941	4,181	33,818	84,026	141,450
Total Operating Income	747	1,934	3,210	3,804	2,846	4,532	10,041	4,224	32,972	81,453	130,387
Total Gross Profit	2,811	4,063	5,822	7,171	6,768	10,396	17,475	15,356	44,301	97,858	153,463
Total Revenue	5,010	6,910	9,714	11,716	10,918	16,675	26,914	26,974	60,922	130,497	215,938
Operating Revenue	5,010	6,910	9,714	11,716	10,918	16,675	26,914	26,974	60,922	130,497	215,938
Total Cost of Revenue	2,199	2,847	3,892	4,545	4,150	6,279	9,439	11,618	16,621	32,639	62,475
Operating Cost of Revenue	2,199	2,847	3,892	4,545	4,150	6,279	9,439	11,618	16,621	32,639	62,475
Total Operating Expenses	2,064	2,129	2,612	3,367	3,922	5,864	7,434	11,132	11,329	16,405	23,076
Selling, General & Admin Expense	602	663	815	991	1,093	1,940	2,166	2,440	2,654	3,491	4,579
Research & Development Expense	1,331	1,463	1,797	2,376	2,829	3,924	5,268	7,339	8,675	12,914	18,497
Total Other Income / (Expense), net	-4.00	-29	-14	92	124	-123	-100	-43	846	2,573	11,063
Interest Expense	47	58	61	58	52	184	236	262	257	247	259
Interest & Investment Income	39	54	69	136	178	57	29	267	866	1,786	2,300
Other Income / (Expense), net	4.00	-25	-22	14	-2.00	4.00	107	-48	237	1,034	9,022
Income Tax Expense	129	239	149	-245	174	77	189	-187	4,058	11,146	21,383
Basic Earnings per Share	$1.13	$3.08	$5.09	$6.81	$1.15	$1.76	$3.91	$0.18	$1.21	$2.97	$4.93
Weighted Average Basic Shares Outstanding	543M	541M	599M	608M	2.44B	2.47B	2.50B	24.87B	24.69B	24.56B	24.36B
Diluted Earnings per Share	$1.08	$2.57	$4.82	$6.63	$1.13	$1.73	$3.85	$0.17	$1.19	$2.94	$4.90
Weighted Average Diluted Shares Outstanding	569M	649M	632M	625M	2.47B	2.51B	2.54B	25.07B	24.94B	24.80B	24.51B
Weighted Average Basic & Diluted Shares Outstanding	543.40M	540.90M	598.60M	608.10M	612M	620M	2.51B	2.47B	2.50B	24.40B	24.30B
Cash Dividends to Common per Share	$0.40	$0.49	$0.57	$0.61	$0.16	$0.16	$0.16	-	$0.02	$0.03	$0.04

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	10/26/2025	1/25/2026
Net Income / (Loss) Attributable to Common Shareholders	6,188	9,243	12,286	14,881	16,599	19,309	22,091	18,775	26,422	31,910	42,960
Consolidated Net Income / (Loss)	6,188	9,243	12,286	14,881	16,599	19,309	22,091	18,775	26,422	31,910	42,960
Net Income / (Loss) Continuing Operations	6,188	9,243	12,286	14,881	16,599	19,309	22,091	18,775	26,422	31,910	42,960
Total Pre-Tax Income	6,981	10,522	14,106	17,279	19,214	22,316	25,217	21,910	31,206	37,936	50,398
Total Operating Income	6,800	10,417	13,615	16,909	18,642	21,869	24,033	21,638	28,440	36,010	44,299
Total Gross Profit	9,462	13,400	16,791	20,406	22,574	26,156	28,722	26,668	33,853	41,849	51,093
Total Revenue	13,507	18,120	22,103	26,044	30,040	35,082	39,331	44,062	46,743	57,006	68,127
Operating Revenue	13,507	18,120	22,103	26,044	30,040	35,082	39,331	44,062	46,743	57,006	68,127
Total Cost of Revenue	4,045	4,720	5,312	5,638	7,466	8,926	10,609	17,394	12,890	15,157	17,034
Operating Cost of Revenue	4,045	4,720	5,312	5,638	7,466	8,926	10,609	17,394	12,890	15,157	17,034
Total Operating Expenses	2,662	2,983	3,176	3,497	3,932	4,287	4,689	5,030	5,413	5,839	6,794
Selling, General & Admin Expense	622	689	710	777	842	897	975	1,041	1,122	1,134	1,282
Research & Development Expense	2,040	2,294	2,466	2,720	3,090	3,390	3,714	3,989	4,291	4,705	5,512
Total Other Income / (Expense), net	181	105	491	370	572	447	1,184	272	2,766	1,926	6,099
Interest Expense	65	63	63	64	61	61	61	63	62	61	73
Interest & Investment Income	187	234	295	359	444	472	511	515	592	624	569
Other Income / (Expense), net	59	-66	259	75	189	36	734	-180	2,236	1,363	5,603
Income Tax Expense	793	1,279	1,820	2,398	2,615	3,007	3,126	3,135	4,784	6,026	7,438
Basic Earnings per Share	$0.25	$0.37	$0.50	$0.60	$0.68	$0.79	$0.90	$0.77	$1.08	$1.31	$1.76
Weighted Average Basic Shares Outstanding	24.73B	24.68B	24.69B	24.62B	24.58B	24.53B	24.56B	24.44B	24.37B	24.33B	24.36B
Diluted Earnings per Share	$0.25	$0.37	$0.50	$0.60	$0.67	$0.78	$0.90	$0.76	$1.08	$1.30	$1.76
Weighted Average Diluted Shares Outstanding	24.99B	24.94B	24.94B	24.89B	24.85B	24.77B	24.80B	24.61B	24.53B	24.48B	24.51B
Basic & Diluted Earnings per Share	-	-	$0.50	-	-	-	$0.90	-	-	-	$1.76
Weighted Average Basic & Diluted Shares Outstanding	2.47B	2.47B	2.50B	2.46B	24.53B	24.49B	24.40B	24.40B	24.30B	24.30B	24.30B
Cash Dividends to Common per Share	$0.04	-	-	-	-	-	$0.01	$0.01	-	-	$0.01

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Net Change in Cash & Equivalents	99	1,170	2,236	-3,220	10,114	-10,049	1,143	1,399	3,891	1,309	2,016
Net Cash From Operating Activities	1,175	1,672	3,502	3,743	4,761	5,822	9,108	5,641	28,090	64,089	102,718
Net Cash From Continuing Operating Activities	1,175	1,672	3,502	3,743	4,761	5,822	9,108	5,641	28,090	64,089	102,718
Net Income / (Loss) Continuing Operations	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880	120,067
Consolidated Net Income / (Loss)	614	1,666	3,047	4,141	2,796	4,332	9,752	4,368	29,760	72,880	120,067
Depreciation Expense	197	187	199	262	381	1,098	1,174	1,544	1,508	1,864	2,843
Non-Cash Adjustments To Reconcile Net Income	252	301	430	512	849	1,377	1,951	1,936	3,033	3,205	-2,819
Changes in Operating Assets and Liabilities, net	83	-482	-174	-1,172	735	-985	-3,769	-2,207	-6,211	-13,860	-17,373
Net Cash From Investing Activities	-400	-793	1,278	-4,097	6,145	-19,675	-9,830	7,375	-10,566	-20,421	-52,228
Net Cash From Continuing Investing Activities	-400	-793	1,278	-4,097	6,145	-19,675	-9,830	7,375	-10,566	-20,421	-52,228
Purchase of Property, Plant & Equipment	-86	-176	-593	-600	-489	-1,128	-976	-1,833	-1,069	-3,236	-6,042
Acquisitions	-	-	-	0.00	-4.00	-8,524	-263	-49	-83	-1,007	-14,535
Purchase of Investments	-3,477	-3,134	-36	-11,148	-1,461	-19,308	-24,787	-11,982	-19,073	-28,061	-58,118
Sale and/or Maturity of Investments	3,145	2,522	1,943	7,660	8,109	9,319	16,220	21,239	9,783	11,861	26,467
Other Investing Activities, net	18	-5.00	-36	-9.00	-10	-34	-24	0.00	-124	22	0.00
Net Cash From Financing Activities	-676	291	-2,544	-2,866	-792	3,804	1,865	-11,617	-13,633	-42,359	-48,474
Net Cash From Continuing Financing Activities	-676	291	-2,544	-2,866	-792	3,804	1,865	-11,617	-13,633	-42,359	-48,474
Repayment of Debt	-6.00	-688	-821	-21	0.00	-4.00	-1,007	-2.00	-1,251	-1,250	-9.00
Repurchase of Common Equity	-587	-739	-909	-1,579	-	0.00	0.00	-10,039	-9,533	-33,706	-40,086
Payment of Dividends	-213	-261	-341	-371	-390	-395	-399	-398	-395	-834	-974
Issuance of Common Equity	-	-	-	-	-	-	281	355	403	490	644
Other Financing Activities, net	130	-9.00	-473	-895	-402	-765	-1,987	-1,533	-2,857	-7,059	-8,049
Cash Income Taxes Paid	14	14	22	61	176	249	396	1,404	6,549	15,118	20,288

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	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	10/26/2025	1/25/2026
Net Change in Cash & Equivalents	803	-363	1,761	307	984	536	-518	6,645	-3,595	-153	-881
Net Cash From Operating Activities	6,348	7,332	11,499	15,345	14,488	17,627	16,629	27,414	15,365	23,751	36,188
Net Cash From Continuing Operating Activities	6,348	7,332	11,499	15,345	14,488	17,627	16,629	27,414	15,365	23,751	36,188
Net Income / (Loss) Continuing Operations	6,189	9,243	12,285	14,881	16,599	19,309	22,091	18,775	26,422	31,910	42,960
Consolidated Net Income / (Loss)	6,189	9,243	12,285	14,881	16,599	19,309	22,091	18,775	26,422	31,910	42,960
Depreciation Expense	365	372	387	410	433	478	543	611	669	751	812
Non-Cash Adjustments To Reconcile Net Income	1,849	980	624	797	2,392	1,137	456	1,551	-721	221	-3,870
Changes in Operating Assets and Liabilities, net	-2,055	-3,263	-1,797	-743	-4,936	-3,297	-6,461	6,477	-11,005	-9,131	-3,714
Net Cash From Investing Activities	-446	-3,170	-6,109	-5,693	-3,184	-4,346	-7,198	-5,216	-7,127	-9,024	-30,861
Net Cash From Continuing Investing Activities	-446	-3,170	-6,109	-5,693	-3,184	-4,346	-7,198	-5,216	-7,127	-9,024	-30,861
Purchase of Property, Plant & Equipment	-289	-278	-254	-369	-977	-813	-1,077	-1,227	-1,895	-1,636	-1,284
Acquisitions	-	-	-	-39	-278	-148	-542	-383	-294	-693	-13,165
Purchase of Investments	-2,998	-5,786	-7,488	-9,493	-6,278	-4,992	-7,488	-7,195	-8,158	-9,425	-33,340
Sale and/or Maturity of Investments	2,599	2,890	1,782	4,208	4,214	1,607	1,887	3,589	3,220	2,730	16,928
Net Cash From Financing Activities	-5,099	-4,525	-3,629	-9,345	-10,320	-12,745	-9,949	-15,553	-11,833	-14,880	-6,208
Net Cash From Continuing Financing Activities	-5,099	-4,525	-3,629	-9,345	-10,320	-12,745	-9,949	-15,553	-11,833	-14,880	-6,208
Repayment of Debt	-1,230	-1.00	-	-	-1,210	-	-	-	-	-	-9.00
Repurchase of Common Equity	-3,067	-3,807	-2,659	-7,740	-7,158	-10,997	-7,811	-14,095	-9,720	-12,456	-3,815
Payment of Dividends	-100	-97	-99	-98	-246	-245	-245	-244	-244	-244	-242
Issuance of Common Equity	1.00	156	-	285	-	204	1.00	370	-	273	1.00
Other Financing Activities, net	-703	-776	-871	-1,792	-1,706	-1,707	-1,894	-1,584	-1,869	-2,453	-2,143
Cash Income Taxes Paid	-	4,348	1,873	-	-	3,540	4,129	-	-	4,858	6,979

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Total Assets	7,370	9,841	11,241	13,292	17,315	28,791	44,187	41,182	65,728	111,601	206,803
Total Current Assets	6,053	8,536	9,255	10,557	13,690	16,055	28,829	23,073	44,345	80,126	125,605
Cash & Equivalents	596	1,766	4,002	782	10,896	847	1,990	3,389	7,280	8,589	10,605
Short-Term Investments	4,441	5,032	3,106	6,640	1.00	10,714	19,218	9,907	18,704	34,621	51,951
Accounts Receivable	505	826	1,265	1,424	1,657	2,429	4,650	3,827	9,999	23,065	38,466
Inventories, net	418	794	796	1,575	979	1,826	2,605	5,159	5,282	10,080	21,403
Prepaid Expenses	93	118	86	136	157	239	366	791	3,080	3,771	3,180
Plant, Property, & Equipment, net	466	521	997	1,404	1,674	2,149	2,778	3,807	3,914	6,283	10,383
Total Noncurrent Assets	851	784	989	1,331	1,951	10,587	12,580	14,302	17,469	25,192	70,815
Goodwill	618	618	618	618	618	4,193	4,349	4,372	4,430	5,188	20,832
Intangible Assets	166	104	52	45	49	2,737	2,339	1,676	1,112	807	3,306
Noncurrent Deferred & Refundable Income Taxes	-	-	-	560	548	806	1,222	3,396	6,081	10,979	13,258
Other Noncurrent Operating Assets	67	62	319	108	736	2,851	4,670	4,858	5,846	8,218	33,419
Total Liabilities & Shareholders' Equity	7,370	9,841	11,241	13,292	17,315	28,791	44,187	41,182	65,728	111,601	206,803
Total Liabilities	2,814	4,048	3,770	3,950	5,111	11,898	17,575	19,081	22,750	32,274	49,510
Total Current Liabilities	2,351	1,788	1,153	1,329	1,784	3,925	4,335	6,563	10,631	18,047	32,163
Short-Term Debt	1,413	796	15	-	0.00	999	0.00	1,250	1,250	0.00	999
Accounts Payable	296	485	596	511	687	1,149	1,783	1,193	2,699	6,310	9,812
Accrued Expenses	642	507	542	818	1,097	1,777	2,552	4,120	6,682	11,737	21,352
Total Noncurrent Liabilities	463	2,260	2,617	2,621	3,327	7,973	13,240	12,518	12,119	14,227	17,347
Long-Term Debt	0.00	1,983	1,985	1,988	1,991	5,964	10,946	9,703	8,459	8,463	7,469
Other Noncurrent Operating Liabilities	453	277	632	633	1,336	2,009	2,294	2,815	3,660	5,764	9,878
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	4,469	5,762	7,471	9,342	12,204	16,893	26,612	22,101	42,978	79,327	157,293
Total Preferred & Common Equity	4,469	5,762	7,471	9,342	12,204	16,893	26,612	22,101	42,978	79,327	157,293
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	4,469	5,762	7,471	9,342	12,204	16,893	26,612	22,101	42,978	79,327	157,293
Common Stock	4,171	4,709	5,352	6,052	7,046	8,722	10,388	11,973	13,134	11,261	10,142
Retained Earnings	4,350	6,108	8,787	12,565	14,971	18,908	16,235	10,171	29,817	68,038	146,973
Accumulated Other Comprehensive Income / (Loss)	-4.00	-16	-18	-12	1.00	19	-11	-43	27	28	178

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 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	4/27/2025	7/27/2025	10/26/2025
Total Assets	41,182	44,460	49,555	54,148	65,728	77,072	85,227	96,013	125,254	140,740	161,148
Total Current Assets	23,073	24,883	28,797	32,658	44,345	53,729	59,633	67,640	89,935	102,219	116,492
Cash & Equivalents	3,389	5,079	5,783	5,519	7,280	7,587	8,563	9,107	15,234	11,639	11,486
Short-Term Investments	9,907	10,241	10,240	12,762	18,704	23,851	26,237	29,380	38,457	45,152	49,122
Accounts Receivable	3,827	4,080	7,066	8,309	9,999	12,365	14,132	17,693	22,132	27,808	33,391
Inventories, net	5,159	4,611	4,319	4,779	5,282	5,864	6,675	7,654	11,333	14,962	19,784
Prepaid Expenses	791	872	1,389	1,289	3,080	4,062	4,026	3,806	2,779	2,658	2,709
Plant, Property, & Equipment, net	3,807	3,740	3,799	3,844	3,914	4,006	4,885	5,343	7,136	9,141	9,780
Total Noncurrent Assets	14,302	15,837	16,959	17,646	17,469	19,337	20,709	23,030	28,183	29,380	34,876
Goodwill	4,372	4,430	4,430	4,430	4,430	4,453	4,622	4,724	5,498	5,755	6,261
Intangible Assets	1,676	1,541	1,395	1,251	1,112	986	952	838	769	755	936
Noncurrent Deferred & Refundable Income Taxes	3,396	4,568	5,398	5,982	6,081	7,798	9,578	10,276	13,318	13,570	13,674
Other Noncurrent Operating Assets	4,858	5,298	5,736	5,983	5,846	6,100	5,557	7,192	8,598	9,300	14,005
Total Liabilities & Shareholders' Equity	41,182	44,460	49,555	54,148	65,728	77,072	85,227	96,013	125,254	140,740	161,148
Total Liabilities	19,081	19,940	22,054	20,883	22,750	27,930	27,070	30,114	41,411	40,609	42,251
Total Current Liabilities	6,563	7,260	10,334	9,101	10,631	15,223	13,969	16,479	26,542	24,257	26,075
Short-Term Debt	1,250	1,250	1,249	1,249	1,250	1,250	0.00	0.00	-	-	999
Accounts Payable	1,193	1,141	1,929	2,380	2,699	2,715	3,680	5,353	7,331	9,064	8,624
Accrued Expenses	4,120	4,869	7,156	5,472	6,682	11,258	10,289	11,126	19,211	15,193	16,452
Total Noncurrent Liabilities	12,518	12,680	11,720	11,782	12,119	12,707	13,101	13,635	14,869	16,352	16,176
Long-Term Debt	9,703	9,704	8,456	8,457	8,459	8,460	8,461	8,462	8,464	8,466	7,468
Other Noncurrent Operating Liabilities	2,815	2,976	3,264	3,325	3,660	4,247	4,640	5,173	6,405	7,886	8,708
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	22,101	24,520	27,501	33,265	42,978	49,142	58,157	65,899	83,843	100,131	118,897
Total Preferred & Common Equity	22,101	24,520	27,501	33,265	42,978	49,142	58,157	65,899	83,843	100,131	118,897
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	22,101	24,520	27,501	33,265	42,978	49,142	58,157	65,899	83,843	100,131	118,897
Common Stock	11,973	12,455	12,631	12,993	13,134	12,653	12,140	11,846	11,499	11,224	10,650
Retained Earnings	10,171	12,115	14,921	20,360	29,817	36,598	45,961	53,950	72,158	88,737	107,908
Accumulated Other Comprehensive Income / (Loss)	-43	-50	-51	-88	27	-109	56	103	186	170	339

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	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	1/25/2026
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.01%	37.92%	40.58%	20.61%	-6.81%	52.73%	61.40%	0.22%	125.85%	114.20%	65.47%
EBITDA Growth	-4.31%	114.53%	61.59%	20.46%	-20.96%	74.70%	100.96%	-49.48%	506.94%	142.97%	68.64%
EBIT Growth	-2.85%	154.19%	67.00%	19.76%	-25.51%	59.49%	123.72%	-58.85%	695.23%	148.39%	69.01%
NOPAT Growth	-2.69%	173.99%	80.94%	32.12%	-33.73%	66.20%	121.21%	-55.20%	557.51%	143.48%	56.66%
Net Income Growth	-2.69%	171.34%	82.89%	35.90%	-32.48%	54.94%	125.12%	-55.21%	581.32%	144.89%	64.75%
EPS Growth	-3.57%	137.96%	87.55%	37.55%	-32.48%	54.94%	122.54%	-55.21%	581.32%	147.06%	66.67%
Operating Cash Flow Growth	29.69%	42.30%	109.45%	6.88%	27.20%	22.29%	56.44%	-38.07%	397.96%	128.16%	60.27%
Free Cash Flow Firm Growth	44.76%	-1.03%	187.58%	1.09%	31.66%	-238.15%	227.53%	-82.66%	2,096.24%	139.10%	-1.36%
Invested Capital Growth	-21.04%	88.32%	33.20%	65.38%	-15.61%	272.80%	32.98%	20.84%	35.15%	66.95%	131.51%
Revenue Q/Q Growth	3.09%	12.58%	8.22%	-5.68%	8.98%	12.84%	10.88%	-5.57%	35.77%	15.21%	15.39%
EBITDA Q/Q Growth	1.35%	27.26%	11.63%	-15.60%	28.69%	14.47%	14.34%	-21.45%	56.96%	15.07%	21.74%
EBIT Q/Q Growth	2.88%	33.12%	12.17%	-16.93%	32.09%	13.23%	15.99%	-28.68%	61.43%	15.22%	22.00%
NOPAT Q/Q Growth	1.36%	37.03%	17.32%	-12.57%	17.74%	14.62%	19.59%	-28.15%	56.50%	14.97%	17.80%
Net Income Q/Q Growth	2.50%	36.67%	17.96%	-11.78%	15.97%	13.23%	18.83%	-26.66%	57.56%	15.55%	21.04%
EPS Q/Q Growth	0.00%	32.47%	19.90%	-14.01%	15.97%	13.23%	17.38%	-26.66%	57.56%	14.40%	20.10%
Operating Cash Flow Q/Q Growth	6.14%	14.36%	22.23%	-10.94%	13.52%	11.53%	11.86%	-12.22%	49.11%	8.70%	23.52%
Free Cash Flow Firm Q/Q Growth	7.06%	24.49%	9.14%	-10.53%	21.17%	6.03%	17.10%	-58.65%	69.70%	4.99%	-17.47%
Invested Capital Q/Q Growth	-18.37%	4.48%	15.72%	0.88%	-3.99%	1.14%	5.87%	3.14%	8.15%	24.27%	54.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.11%	58.80%	59.93%	61.21%	61.99%	62.34%	64.93%	56.93%	72.72%	74.99%	71.07%
EBITDA Margin	19.50%	30.33%	34.87%	34.82%	29.54%	33.79%	42.07%	21.21%	56.99%	64.64%	65.88%
Operating Margin	14.91%	27.99%	33.05%	32.47%	26.07%	27.18%	37.31%	15.66%	54.12%	62.42%	60.38%
EBIT Margin	14.99%	27.63%	32.82%	32.59%	26.05%	27.20%	37.71%	15.48%	54.51%	63.21%	64.56%
Profit (Net Income) Margin	12.26%	24.11%	31.37%	35.34%	25.61%	25.98%	36.23%	16.19%	48.85%	55.85%	55.60%
Tax Burden Percent	82.64%	87.45%	95.34%	106.29%	94.14%	98.25%	98.10%	104.47%	88.00%	86.74%	84.88%
Interest Burden Percent	98.93%	99.79%	100.25%	102.04%	104.43%	97.20%	97.96%	100.12%	101.83%	101.87%	101.46%
Effective Tax Rate	17.36%	12.55%	4.66%	-6.29%	5.86%	1.75%	1.90%	-4.47%	12.00%	13.26%	15.12%
Return on Invested Capital (ROIC)	57.83%	124.55%	147.95%	128.95%	74.36%	57.11%	68.77%	24.44%	124.90%	198.22%	149.78%
ROIC Less NNEP Spread (ROIC-NNEP)	57.92%	125.21%	148.24%	127.09%	72.73%	58.90%	70.09%	25.16%	116.91%	189.47%	128.64%
Return on Net Nonoperating Assets (RNNOA)	-44.14%	-92.35%	-102.01%	-79.69%	-48.41%	-27.34%	-23.94%	-6.51%	-33.44%	-79.04%	-48.30%
Return on Equity (ROE)	13.68%	32.20%	45.94%	49.26%	25.95%	29.78%	44.83%	17.93%	91.46%	119.18%	101.49%
Cash Return on Invested Capital (CROIC)	81.34%	63.28%	119.48%	79.68%	91.29%	-58.28%	40.46%	5.57%	95.01%	148.06%	70.44%
Operating Return on Assets (OROA)	10.31%	22.18%	30.24%	31.13%	18.58%	19.68%	27.81%	9.78%	62.13%	93.03%	87.57%
Return on Assets (ROA)	8.43%	19.36%	28.91%	33.76%	18.27%	18.79%	26.73%	10.23%	55.67%	82.20%	75.42%
Return on Common Equity (ROCE)	13.55%	31.83%	45.84%	49.26%	25.95%	29.78%	44.83%	17.93%	91.46%	119.18%	101.49%
Return on Equity Simple (ROE_SIMPLE)	13.74%	28.91%	40.78%	44.33%	22.91%	25.64%	36.65%	19.76%	69.24%	91.87%	0.00%
Net Operating Profit after Tax (NOPAT)	617	1,691	3,060	4,043	2,679	4,453	9,850	4,413	29,016	70,648	110,676
NOPAT Margin	12.32%	24.48%	31.50%	34.51%	24.54%	26.70%	36.60%	16.36%	47.63%	54.14%	51.25%
Net Nonoperating Expense Percent (NNEP)	-0.10%	-0.66%	-0.29%	1.86%	1.63%	-1.79%	-1.32%	-0.71%	8.00%	8.75%	21.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	13.35%	55.07%	80.47%	66.77%
Cost of Revenue to Revenue	43.89%	41.20%	40.07%	38.79%	38.01%	37.66%	35.07%	43.07%	27.28%	25.01%	28.93%
SG&A Expenses to Revenue	12.02%	9.59%	8.39%	8.46%	10.01%	11.63%	8.05%	9.05%	4.36%	2.68%	2.12%
R&D to Revenue	26.57%	21.17%	18.50%	20.28%	25.91%	23.53%	19.57%	27.21%	14.24%	9.90%	8.57%
Operating Expenses to Revenue	41.20%	30.81%	26.89%	28.74%	35.92%	35.17%	27.62%	41.27%	18.60%	12.57%	10.69%
Earnings before Interest and Taxes (EBIT)	751	1,909	3,188	3,818	2,844	4,536	10,148	4,176	33,209	82,487	139,409
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	977	2,096	3,387	4,080	3,225	5,634	11,322	5,720	34,717	84,351	142,252
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.44	10.31	19.52	10.37	12.51	18.99	21.42	22.65	35.07	44.03	28.99
Price to Tangible Book Value (P/TBV)	4.18	11.79	21.44	11.17	13.23	32.21	28.62	31.19	40.26	47.63	34.25
Price to Revenue (P/Rev)	3.07	8.60	15.01	8.27	13.98	19.24	21.18	18.56	24.74	26.77	21.12
Price to Earnings (P/E)	25.07	35.67	47.85	23.41	54.61	74.07	58.46	114.61	50.64	47.92	37.98
Dividend Yield	1.37%	0.44%	0.24%	0.39%	0.26%	0.12%	0.07%	0.08%	0.03%	0.02%	0.02%
Earnings Yield	3.99%	2.80%	2.09%	4.27%	1.83%	1.35%	1.71%	0.87%	1.97%	2.09%	2.63%
Enterprise Value to Invested Capital (EV/IC)	12.60	31.25	59.54	23.41	43.59	25.72	34.24	25.22	55.83	77.57	43.66
Enterprise Value to Revenue (EV/Rev)	2.37	8.02	14.48	7.81	13.17	18.97	20.80	18.47	24.47	26.50	20.87
Enterprise Value to EBITDA (EV/EBITDA)	12.15	26.45	41.54	22.42	44.58	56.13	49.45	87.11	42.94	41.00	31.68
Enterprise Value to EBIT (EV/EBIT)	15.80	29.04	44.13	23.96	50.55	69.72	55.17	119.32	44.89	41.92	32.32
Enterprise Value to NOPAT (EV/NOPAT)	19.22	32.78	45.97	22.63	53.66	71.02	56.84	112.91	51.38	48.95	40.72
Enterprise Value to Operating Cash Flow (EV/OCF)	10.10	33.16	40.18	24.44	30.20	54.32	61.47	88.33	53.07	53.96	43.87
Enterprise Value to Free Cash Flow (EV/FCFF)	13.67	64.51	56.93	36.62	43.71	0.00	96.61	495.83	67.55	65.53	86.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.48	0.27	0.21	0.16	0.41	0.41	0.50	0.23	0.11	0.05
Long-Term Debt to Equity	0.00	0.34	0.27	0.21	0.16	0.35	0.41	0.44	0.20	0.11	0.05
Financial Leverage	-0.76	-0.74	-0.69	-0.63	-0.67	-0.46	-0.34	-0.26	-0.29	-0.42	-0.38
Leverage Ratio	1.62	1.66	1.59	1.46	1.42	1.58	1.68	1.75	1.64	1.45	1.35
Compound Leverage Factor	1.61	1.66	1.59	1.49	1.48	1.54	1.64	1.75	1.67	1.48	1.37
Debt to Total Capital	23.80%	32.42%	21.12%	17.55%	14.03%	29.19%	29.14%	33.14%	18.43%	9.64%	5.11%
Short-Term Debt to Total Capital	23.63%	9.29%	0.16%	0.00%	0.00%	4.19%	0.00%	3.78%	2.37%	0.00%	0.60%
Long-Term Debt to Total Capital	0.17%	23.13%	20.96%	17.55%	14.03%	25.00%	29.14%	29.36%	16.06%	9.64%	4.51%
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	1.46%	0.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.74%	67.22%	78.88%	82.45%	85.97%	70.81%	70.86%	66.86%	81.57%	90.36%	94.89%
Debt to EBITDA	1.46	1.33	0.59	0.49	0.62	1.24	0.97	1.91	0.28	0.10	0.06
Net Debt to EBITDA	-3.70	-1.92	-1.51	-1.33	-2.76	-0.82	-0.91	-0.41	-0.47	-0.41	-0.38
Long-Term Debt to EBITDA	0.01	0.95	0.59	0.49	0.62	1.06	0.97	1.70	0.24	0.10	0.05
Debt to NOPAT	2.31	1.64	0.65	0.49	0.74	1.56	1.11	2.48	0.33	0.12	0.08
Net Debt to NOPAT	-5.85	-2.38	-1.67	-1.34	-3.32	-1.03	-1.04	-0.53	-0.56	-0.49	-0.49
Long-Term Debt to NOPAT	0.02	1.17	0.65	0.49	0.74	1.34	1.11	2.20	0.29	0.12	0.07
Altman Z-Score	5.73	11.84	26.96	18.71	21.13	18.70	22.01	17.56	43.59	70.06	60.07
Noncontrolling Interest Sharing Ratio	0.97%	1.14%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.57	4.77	8.03	7.94	7.67	4.09	6.65	3.52	4.17	4.44	3.91
Quick Ratio	2.36	4.26	7.26	6.66	7.04	3.56	5.96	2.61	3.38	3.67	3.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	868	859	2,471	2,498	3,289	-4,544	5,795	1,005	22,071	52,771	52,051
Operating Cash Flow to CapEx	1,366.28%	950.00%	590.56%	623.83%	973.62%	516.13%	933.20%	307.75%	2,627.69%	1,980.50%	1,700.07%
Free Cash Flow to Firm to Interest Expense	18.47	14.82	40.51	43.07	63.26	-24.70	24.56	3.84	85.88	213.65	200.97
Operating Cash Flow to Interest Expense	25.00	28.83	57.41	64.53	91.56	31.64	38.59	21.53	109.30	259.47	396.59
Operating Cash Flow Less CapEx to Interest Expense	23.17	25.79	47.69	54.19	82.15	25.51	34.46	14.53	105.14	246.37	373.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.80	0.92	0.96	0.71	0.72	0.74	0.63	1.14	1.47	1.36
Accounts Receivable Turnover	10.23	10.38	9.29	8.71	7.09	8.16	7.60	6.36	8.81	7.89	7.02
Inventory Turnover	4.88	4.70	4.90	3.83	3.25	4.48	4.26	2.99	3.18	4.25	3.97
Fixed Asset Turnover	9.79	14.00	12.80	9.76	7.09	8.72	10.93	8.19	15.78	25.60	25.91
Accounts Payable Turnover	7.47	7.29	7.20	8.21	6.93	6.84	6.44	7.81	8.54	7.25	7.75
Days Sales Outstanding (DSO)	35.66	35.15	39.28	41.89	51.50	44.72	48.00	57.35	41.42	46.24	52.00
Days Inventory Outstanding (DIO)	74.78	77.69	74.56	95.21	112.31	81.53	85.67	121.96	114.64	85.90	91.97
Days Payable Outstanding (DPO)	48.88	50.06	50.69	44.45	52.68	53.36	56.69	46.75	42.73	50.37	47.10
Cash Conversion Cycle (CCC)	61.56	62.78	63.15	92.64	111.13	72.88	76.98	132.57	113.33	81.76	96.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	942	1,774	2,363	3,908	3,298	12,295	16,350	19,758	26,703	44,580	103,205
Invested Capital Turnover	4.69	5.09	4.70	3.74	3.03	2.14	1.88	1.49	2.62	3.66	2.92
Increase / (Decrease) in Invested Capital	-251	832	589	1,545	-610	8,997	4,055	3,408	6,945	17,877	58,625
Enterprise Value (EV)	11,868	55,437	140,694	91,486	143,771	316,264	559,878	498,272	1,490,763	3,458,017	4,506,293
Market Capitalization	15,395	59,425	145,802	96,920	152,677	320,862	570,140	500,615	1,507,038	3,492,764	4,560,381
Book Value per Share	$8.30	$10.68	$12.34	$15.31	$19.94	$27.29	$10.64	$8.98	$17.40	$3.24	$6.47
Tangible Book Value per Share	$6.84	$9.34	$11.23	$14.23	$18.85	$16.10	$7.97	$6.53	$15.16	$2.99	$5.48
Total Capital	5,979	8,572	9,471	11,330	14,195	23,856	37,558	33,054	52,687	87,790	165,761
Total Debt	1,423	2,779	2,000	1,988	1,991	6,963	10,946	10,953	9,709	8,463	8,468
Total Long-Term Debt	10	1,983	1,985	1,988	1,991	5,964	10,946	9,703	8,459	8,463	7,469
Net Debt	-3,614	-4,019	-5,108	-5,434	-8,906	-4,598	-10,262	-2,343	-16,275	-34,747	-54,088
Capital Expenditures (CapEx)	86	176	593	600	489	1,128	976	1,833	1,069	3,236	6,042
Debt-free, Cash-free Net Working Capital (DFCFNWC)	78	746	1,009	1,806	1,009	1,568	3,286	4,464	8,980	18,869	31,885
Debt-free Net Working Capital (DFNWC)	5,115	7,544	8,117	9,228	11,906	13,129	24,494	17,760	34,964	62,079	94,441
Net Working Capital (NWC)	3,702	6,748	8,102	9,228	11,906	12,130	24,494	16,510	33,714	62,079	93,442
Net Nonoperating Expense (NNE)	3.31	25	13	-98	-117	121	98	45	-744	-2,232	-9,391
Net Nonoperating Obligations (NNO)	-3,614	-4,019	-5,108	-5,434	-8,906	-4,598	-10,262	-2,343	-16,275	-34,747	-54,088
Total Depreciation and Amortization (D&A)	226	187	199	262	381	1,098	1,174	1,544	1,508	1,864	2,843
Debt-free, Cash-free Net Working Capital to Revenue	1.56%	10.80%	10.39%	15.41%	9.24%	9.40%	12.21%	16.55%	14.74%	14.46%	14.77%
Debt-free Net Working Capital to Revenue	102.10%	109.18%	83.56%	78.76%	109.05%	78.73%	91.01%	65.84%	57.39%	47.57%	43.74%
Net Working Capital to Revenue	73.89%	97.66%	83.41%	78.76%	109.05%	72.74%	91.01%	61.21%	55.34%	47.57%	43.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.00	$0.13	$0.17	$0.11	$0.18	$0.39	$0.18	$1.21	$2.97	$4.93
Adjusted Weighted Average Basic Shares Outstanding	21.72B	0.00	23.96B	24.32B	24.36B	24.68B	24.96B	24.87B	24.69B	24.56B	24.36B
Adjusted Diluted Earnings per Share	$0.03	$0.00	$0.12	$0.17	$0.11	$0.17	$0.39	$0.17	$1.19	$2.94	$4.90
Adjusted Weighted Average Diluted Shares Outstanding	22.76B	0.00	25.28B	25B	24.72B	25.12B	25.35B	25.07B	24.94B	24.80B	24.51B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.11	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	21.67B	0.00	24.19B	24.24B	24.48B	24.80B	25.10B	24.70B	25B	24.40B	24.30B
Normalized Net Operating Profit after Tax (NOPAT)	726	1,694	3,060	2,663	2,679	4,453	9,850	2,957	29,016	70,648	110,676
Normalized NOPAT Margin	14.48%	24.52%	31.50%	22.73%	24.54%	26.70%	36.60%	10.96%	47.63%	54.14%	51.25%
Pre Tax Income Margin	14.83%	27.57%	32.90%	33.25%	27.20%	26.44%	36.94%	15.50%	55.51%	64.39%	65.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.98	32.91	52.26	65.83	54.69	24.65	43.00	15.94	129.22	333.96	538.26
NOPAT to Interest Expense	13.13	29.16	50.17	69.71	51.52	24.20	41.74	16.84	112.90	286.03	427.32
EBIT Less CapEx to Interest Expense	14.15	29.88	42.54	55.48	45.29	18.52	38.86	8.94	125.06	320.85	514.93
NOPAT Less CapEx to Interest Expense	11.30	26.13	40.45	59.37	42.12	18.07	37.60	9.85	108.74	272.92	403.99
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	34.69%	15.67%	11.19%	8.96%	13.95%	9.12%	4.09%	9.11%	1.33%	1.14%	0.81%
Augmented Payout Ratio	130.29%	60.02%	41.02%	47.09%	13.95%	9.12%	4.09%	238.94%	33.36%	47.39%	34.20%

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

Metric	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026
Period end date	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	10/26/2025	1/25/2026
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	101.48%	205.51%	265.28%	262.12%	122.40%	93.61%	77.94%	69.18%	55.60%	62.49%	73.21%
EBITDA Growth	728.44%	976.61%	757.55%	593.26%	166.67%	108.74%	77.48%	26.88%	62.71%	70.33%	100.37%
EBIT Growth	1,288.46%	1,654.41%	1,021.58%	699.25%	174.54%	111.62%	78.51%	26.34%	62.90%	70.61%	101.49%
NOPAT Growth	774.64%	1,272.57%	760.01%	635.78%	167.19%	106.78%	77.54%	27.33%	49.52%	60.08%	79.36%
Net Income Growth	843.29%	1,259.26%	768.88%	628.39%	168.25%	108.90%	79.81%	26.17%	59.18%	65.26%	94.47%
EPS Growth	843.29%	1,259.26%	768.88%	629.27%	168.00%	110.81%	80.00%	26.67%	61.19%	66.67%	95.56%
Operating Cash Flow Growth	399.84%	1,770.41%	411.52%	427.14%	128.23%	140.41%	44.61%	78.65%	6.05%	34.74%	117.62%
Free Cash Flow Firm Growth	171.68%	218.77%	342.14%	686.15%	109.77%	113.95%	-35.34%	0.51%	-25.19%	-107.65%	-756.76%
Invested Capital Growth	19.25%	28.89%	35.15%	36.02%	50.21%	45.30%	66.95%	40.86%	62.82%	86.08%	131.51%
Revenue Q/Q Growth	87.81%	34.15%	21.98%	17.83%	15.34%	16.78%	12.11%	12.03%	6.08%	21.96%	19.51%
EBITDA Q/Q Growth	187.92%	48.44%	32.99%	21.97%	10.75%	16.19%	13.08%	-12.81%	42.03%	21.63%	33.02%
EBIT Q/Q Growth	222.78%	50.91%	34.04%	22.42%	10.87%	16.32%	13.07%	-13.36%	42.96%	21.83%	33.52%
NOPAT Q/Q Growth	204.55%	51.82%	29.59%	22.80%	10.59%	17.49%	11.26%	-11.93%	29.87%	25.79%	24.67%
Net Income Q/Q Growth	202.89%	49.37%	32.92%	21.12%	11.54%	16.33%	14.41%	-15.01%	40.73%	20.77%	34.63%
EPS Q/Q Growth	202.89%	49.37%	32.92%	20.08%	-88.80%	16.42%	15.38%	-15.56%	42.11%	20.37%	35.38%
Operating Cash Flow Q/Q Growth	118.07%	15.50%	56.83%	33.45%	-5.58%	21.67%	-5.66%	64.86%	-43.95%	54.58%	52.36%
Free Cash Flow Firm Q/Q Growth	309.31%	38.70%	35.85%	48.62%	-25.09%	41.47%	-58.95%	131.05%	-44.25%	-114.47%	-3,423.94%
Invested Capital Q/Q Growth	5.11%	16.56%	8.15%	2.66%	16.06%	12.75%	24.27%	-13.38%	34.16%	28.86%	54.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.05%	73.95%	75.97%	78.35%	75.15%	74.56%	73.03%	60.52%	72.42%	73.41%	75.00%
EBITDA Margin	53.48%	59.18%	64.52%	66.79%	64.13%	63.80%	64.35%	50.09%	67.06%	66.88%	74.44%
Operating Margin	50.34%	57.49%	61.60%	64.92%	62.06%	62.34%	61.10%	49.11%	60.84%	63.17%	65.02%
EBIT Margin	50.78%	57.12%	62.77%	65.21%	62.69%	62.44%	62.97%	48.70%	65.63%	65.56%	73.25%
Profit (Net Income) Margin	45.81%	51.01%	55.59%	57.14%	55.26%	55.04%	56.17%	42.61%	56.53%	55.98%	63.06%
Tax Burden Percent	88.64%	87.84%	87.10%	86.12%	86.39%	86.53%	87.60%	85.69%	84.67%	84.12%	85.24%
Interest Burden Percent	101.78%	101.65%	101.67%	101.74%	102.03%	101.88%	101.82%	102.11%	101.73%	101.51%	100.99%
Effective Tax Rate	11.36%	12.16%	12.90%	13.88%	13.61%	13.47%	12.40%	14.31%	15.33%	15.88%	14.76%
Return on Invested Capital (ROIC)	74.89%	103.36%	140.70%	187.54%	194.83%	201.75%	195.99%	189.30%	203.56%	193.78%	161.98%
ROIC Less NNEP Spread (ROIC-NNEP)	72.31%	101.65%	136.10%	185.10%	191.81%	199.75%	191.93%	188.60%	197.29%	189.83%	150.27%
Return on Net Nonoperating Assets (RNNOA)	-17.47%	-20.04%	-38.94%	-65.57%	-73.13%	-77.75%	-80.07%	-94.96%	-93.06%	-84.41%	-56.42%
Return on Equity (ROE)	57.43%	83.32%	101.76%	121.97%	121.71%	124.00%	115.93%	94.34%	110.50%	109.37%	105.56%
Cash Return on Invested Capital (CROIC)	34.05%	59.33%	95.01%	144.38%	154.87%	165.99%	148.06%	192.12%	149.70%	122.91%	70.44%
Operating Return on Assets (OROA)	35.68%	54.17%	71.54%	85.61%	89.58%	94.20%	92.68%	71.49%	95.97%	95.42%	99.35%
Return on Assets (ROA)	32.19%	48.37%	63.35%	75.01%	78.97%	83.03%	82.67%	62.56%	82.66%	81.47%	85.53%
Return on Common Equity (ROCE)	57.43%	83.32%	101.76%	121.97%	121.71%	124.00%	115.93%	94.34%	110.50%	109.37%	105.56%
Return on Equity Simple (ROE_SIMPLE)	37.54%	56.78%	0.00%	86.68%	91.15%	95.71%	0.00%	91.57%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6,028	9,151	11,858	14,562	16,105	18,922	21,054	18,542	24,080	30,290	37,761
NOPAT Margin	44.63%	50.50%	53.65%	55.91%	53.61%	53.94%	53.53%	42.08%	51.52%	53.13%	55.43%
Net Nonoperating Expense Percent (NNEP)	2.59%	1.71%	4.59%	2.44%	3.03%	2.00%	4.07%	0.70%	6.27%	3.94%	11.70%
Return On Investment Capital (ROIC_SIMPLE)	-	-	22.51%	-	-	-	23.98%	20.09%	22.17%	23.78%	22.78%
Cost of Revenue to Revenue	29.95%	26.05%	24.03%	21.65%	24.85%	25.44%	26.97%	39.48%	27.58%	26.59%	25.00%
SG&A Expenses to Revenue	4.61%	3.80%	3.21%	2.98%	2.80%	2.56%	2.48%	2.36%	2.40%	1.99%	1.88%
R&D to Revenue	15.10%	12.66%	11.16%	10.44%	10.29%	9.66%	9.44%	9.05%	9.18%	8.25%	8.09%
Operating Expenses to Revenue	19.71%	16.46%	14.37%	13.43%	13.09%	12.22%	11.92%	11.42%	11.58%	10.24%	9.97%
Earnings before Interest and Taxes (EBIT)	6,859	10,351	13,874	16,984	18,831	21,905	24,767	21,458	30,676	37,373	49,902
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7,224	10,723	14,261	17,394	19,264	22,383	25,310	22,069	31,345	38,124	50,714
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	41.98	30.06	35.07	44.09	47.82	52.69	44.03	32.31	42.28	38.07	28.99
Price to Tangible Book Value (P/TBV)	53.26	36.25	40.26	49.58	52.89	57.54	47.63	34.92	45.22	40.52	34.25
Price to Revenue (P/Rev)	35.32	22.29	24.74	27.16	28.88	30.65	26.77	18.24	25.62	24.19	21.12
Price to Earnings (P/E)	111.80	52.95	50.64	50.87	52.47	55.05	47.92	35.28	48.89	45.63	37.98
Dividend Yield	0.03%	0.04%	0.03%	0.02%	0.02%	0.02%	0.02%	0.04%	0.02%	0.02%	0.02%
Earnings Yield	0.89%	1.89%	1.97%	1.97%	1.91%	1.82%	2.09%	2.83%	2.05%	2.19%	2.63%
Enterprise Value to Invested Capital (EV/IC)	54.20	40.16	55.83	78.25	86.58	95.95	77.57	68.97	80.78	67.02	43.66
Enterprise Value to Revenue (EV/Rev)	35.13	22.10	24.47	26.89	28.61	30.39	26.50	17.93	25.33	23.91	20.87
Enterprise Value to EBITDA (EV/EBITDA)	92.65	44.82	42.94	43.25	44.69	46.96	41.00	29.92	41.39	38.29	31.68
Enterprise Value to EBIT (EV/EBIT)	106.19	48.20	44.89	44.63	45.89	48.08	41.92	30.63	42.36	39.15	32.32
Enterprise Value to NOPAT (EV/NOPAT)	114.22	53.48	51.38	51.57	53.31	56.01	48.95	35.69	50.68	47.62	40.72
Enterprise Value to Operating Cash Flow (EV/OCF)	96.48	52.63	53.07	52.94	56.61	58.38	53.96	34.97	54.33	53.80	43.87
Enterprise Value to Free Cash Flow (EV/FCFF)	173.13	76.23	67.55	62.47	67.13	68.48	65.53	41.99	66.86	70.94	86.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.29	0.23	0.20	0.15	0.13	0.11	0.10	0.08	0.07	0.05
Long-Term Debt to Equity	0.31	0.25	0.20	0.17	0.15	0.13	0.11	0.10	0.08	0.06	0.05
Financial Leverage	-0.24	-0.20	-0.29	-0.35	-0.38	-0.39	-0.42	-0.50	-0.47	-0.44	-0.38
Leverage Ratio	1.81	1.73	1.64	1.65	1.57	1.51	1.45	1.52	1.43	1.39	1.35
Compound Leverage Factor	1.84	1.76	1.67	1.68	1.61	1.54	1.48	1.55	1.45	1.41	1.36
Debt to Total Capital	26.08%	22.59%	18.43%	16.50%	12.70%	11.38%	9.64%	9.17%	7.80%	6.65%	5.11%
Short-Term Debt to Total Capital	3.36%	2.91%	2.37%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.78%	0.60%
Long-Term Debt to Total Capital	22.73%	19.68%	16.06%	14.38%	12.70%	11.38%	9.64%	9.17%	7.80%	5.86%	4.51%
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	73.92%	77.41%	81.57%	83.50%	87.30%	88.62%	90.36%	90.83%	92.20%	93.35%	94.89%
Debt to EBITDA	0.78	0.44	0.28	0.20	0.14	0.12	0.10	0.10	0.08	0.07	0.06
Net Debt to EBITDA	-0.51	-0.39	-0.47	-0.44	-0.43	-0.41	-0.41	-0.51	-0.48	-0.45	-0.38
Long-Term Debt to EBITDA	0.68	0.38	0.24	0.17	0.14	0.12	0.10	0.10	0.08	0.06	0.05
Debt to NOPAT	0.97	0.52	0.33	0.23	0.16	0.14	0.12	0.11	0.10	0.09	0.08
Net Debt to NOPAT	-0.63	-0.46	-0.56	-0.52	-0.51	-0.49	-0.49	-0.61	-0.59	-0.56	-0.49
Long-Term Debt to NOPAT	0.84	0.46	0.29	0.20	0.16	0.14	0.12	0.11	0.10	0.08	0.07
Altman Z-Score	33.39	31.24	42.62	49.58	64.90	72.54	68.36	42.41	65.99	67.81	58.64
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	2.79	3.59	4.17	3.53	4.27	4.10	4.44	3.39	4.21	4.47	3.91
Quick Ratio	2.23	2.92	3.38	2.88	3.50	3.41	3.67	2.86	3.49	3.60	3.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,608	3,617	4,913	7,302	5,470	7,738	3,177	7,340	4,092	-592	-20,864
Operating Cash Flow to CapEx	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%	1,451.77%	2,818.38%
Free Cash Flow to Firm to Interest Expense	40.12	57.41	77.99	114.10	89.67	126.86	52.08	116.51	66.00	-9.71	-285.81
Operating Cash Flow to Interest Expense	97.66	116.38	182.52	239.77	237.51	288.97	272.61	435.14	247.82	389.36	495.73
Operating Cash Flow Less CapEx to Interest Expense	93.22	111.97	178.49	234.00	221.49	275.64	254.95	415.67	217.26	362.54	478.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.95	1.14	1.31	1.43	1.51	1.47	1.47	1.46	1.46	1.36
Accounts Receivable Turnover	5.28	6.79	8.81	9.70	9.09	8.71	7.89	8.61	7.88	7.33	7.02
Inventory Turnover	2.82	2.93	3.18	3.76	4.21	4.40	4.25	5.16	4.61	4.09	3.97
Fixed Asset Turnover	9.29	11.78	15.78	20.60	22.18	24.66	25.60	26.66	23.56	24.75	25.91
Accounts Payable Turnover	5.32	6.99	8.54	10.23	8.25	7.07	7.25	8.84	7.82	8.02	7.75
Days Sales Outstanding (DSO)	69.15	53.76	41.42	37.62	40.17	41.89	46.24	42.39	46.33	49.82	52.00
Days Inventory Outstanding (DIO)	129.57	124.57	114.64	96.97	86.72	82.99	85.90	70.69	79.26	89.34	91.97
Days Payable Outstanding (DPO)	68.67	52.23	42.73	35.69	44.24	51.62	50.37	41.30	46.68	45.51	47.10
Cash Conversion Cycle (CCC)	130.05	126.10	113.33	98.89	82.65	73.27	81.76	71.79	78.90	93.65	96.88
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,183	24,690	26,703	27,414	31,818	35,874	44,580	38,616	51,806	66,756	103,205
Invested Capital Turnover	1.68	2.05	2.62	3.35	3.63	3.74	3.66	4.50	3.95	3.65	2.92
Increase / (Decrease) in Invested Capital	3,420	5,534	6,945	7,260	10,635	11,184	17,877	11,202	19,988	30,882	58,625
Enterprise Value (EV)	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	4,473,977	4,506,293
Market Capitalization	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	4,526,118	4,560,381
Book Value per Share	$11.13	$13.47	$17.40	$19.96	$23.64	$2.69	$3.24	$3.44	$4.10	$4.89	$6.47
Tangible Book Value per Share	$8.78	$11.17	$15.16	$17.75	$21.38	$2.46	$2.99	$3.18	$3.84	$4.60	$5.48
Total Capital	37,206	42,971	52,687	58,852	66,618	74,361	87,790	92,307	108,597	127,364	165,761
Total Debt	9,705	9,706	9,709	9,710	8,461	8,462	8,463	8,464	8,466	8,467	8,468
Total Long-Term Debt	8,456	8,457	8,459	8,460	8,461	8,462	8,463	8,464	8,466	7,468	7,469
Net Debt	-6,318	-8,575	-16,275	-21,728	-26,339	-30,025	-34,747	-45,227	-48,325	-52,141	-54,088
Capital Expenditures (CapEx)	289	278	254	369	977	813	1,077	1,227	1,895	1,636	1,284
Debt-free, Cash-free Net Working Capital (DFCFNWC)	3,689	6,525	8,980	8,318	10,864	12,674	18,869	9,702	21,171	30,808	31,885
Debt-free Net Working Capital (DFNWC)	19,712	24,806	34,964	39,756	45,664	51,161	62,079	63,393	77,962	91,416	94,441
Net Working Capital (NWC)	18,463	23,557	33,714	38,506	45,664	51,161	62,079	63,393	77,962	90,417	93,442
Net Nonoperating Expense (NNE)	-160	-92	-428	-319	-494	-387	-1,037	-233	-2,342	-1,620	-5,199
Net Nonoperating Obligations (NNO)	-6,318	-8,575	-16,275	-21,728	-26,339	-30,025	-34,747	-45,227	-48,325	-52,141	-54,088
Total Depreciation and Amortization (D&A)	365	372	387	410	433	478	543	611	669	751	812
Debt-free, Cash-free Net Working Capital to Revenue	11.29%	14.54%	14.74%	10.43%	11.28%	11.19%	14.46%	6.53%	12.81%	16.46%	14.77%
Debt-free Net Working Capital to Revenue	60.32%	55.28%	57.39%	49.84%	47.42%	45.17%	47.57%	42.68%	47.19%	48.85%	43.74%
Net Working Capital to Revenue	56.49%	52.50%	55.34%	48.27%	47.42%	45.17%	47.57%	42.68%	47.19%	48.31%	43.27%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.38	$0.05	$0.60	$0.68	$0.79	$0.90	$0.77	$1.08	$1.31	$1.76
Adjusted Weighted Average Basic Shares Outstanding	24.73B	24.68B	246.90B	24.62B	24.58B	24.53B	24.56B	24.44B	24.37B	24.33B	24.36B
Adjusted Diluted Earnings per Share	$0.25	$0.37	$0.05	$0.60	$0.67	$0.78	$0.90	$0.76	$1.08	$1.30	$1.76
Adjusted Weighted Average Diluted Shares Outstanding	24.99B	24.94B	249.40B	24.89B	24.85B	24.77B	24.80B	24.61B	24.53B	24.48B	24.51B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.05	$0.00	$0.00	$0.00	$0.90	$0.00	$0.00	$0.00	$1.76
Adjusted Weighted Average Basic & Diluted Shares Outstanding	24.70B	24.70B	25B	24.60B	24.53B	24.49B	24.40B	24.40B	24.30B	24.30B	24.30B
Normalized Net Operating Profit after Tax (NOPAT)	6,028	9,151	11,858	14,562	16,105	18,922	21,054	18,542	24,080	30,290	37,761
Normalized NOPAT Margin	44.63%	50.50%	53.65%	55.91%	53.61%	53.94%	53.53%	42.08%	51.52%	53.13%	55.43%
Pre Tax Income Margin	51.68%	58.07%	63.82%	66.35%	63.96%	63.61%	64.11%	49.73%	66.76%	66.55%	73.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	105.52	164.30	220.22	265.38	308.70	359.10	406.02	340.60	494.77	612.67	683.59
NOPAT to Interest Expense	92.73	145.25	188.23	227.54	264.01	310.20	345.14	294.32	388.39	496.56	517.28
EBIT Less CapEx to Interest Expense	101.08	159.89	216.19	259.61	292.69	345.77	388.36	321.13	464.21	585.85	666.00
NOPAT Less CapEx to Interest Expense	88.29	140.84	184.20	221.77	248.00	296.87	327.49	274.84	357.82	469.74	499.69
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	3.85%	2.09%	1.33%	0.92%	1.02%	1.09%	1.14%	1.28%	1.13%	0.98%	0.81%
Augmented Payout Ratio	79.05%	44.90%	33.36%	41.47%	41.32%	46.36%	47.39%	53.46%	50.35%	45.42%	34.20%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for NVIDIA (NVDA) based on the last four years of quarterly filings. All figures are in USD.

Massive revenue growth. NVIDIA’s quarterly revenue surged to about $68.1B in Q4 2026, up from roughly $39.3B in Q4 2025 and well above prior years, driven by AI GPU demand and data-center deployments.
Very high gross margins. In Q4 2026, gross margin was about 75% (gross profit ≈ $51.1B on revenue ≈ $68.1B), indicating pricing power and favorable product mix.
Profitable at scale. Net income (continuing operations) reached ≈ $42.96B in Q4 2026, signaling strong profitability as scale expands.
Strong operating leverage. Operating income ≈ $44.3B on ≈ $68.1B revenue in Q4 2026 (roughly a 65% operating margin), underscoring efficient cost management and pricing.
Robust cash generation from operations. Net cash from continuing operating activities was about $36.19B in Q4 2026, highlighting solid, recurring cash generation to fund growth and returns.
Healthy liquidity and balance-sheet strength. The company shows substantial liquidity, with cash and short-term investments totaling roughly $60B around mid-2026 (cash ≈ $11.5B and short-term investments ≈ $49B in the balance sheet), providing a buffer for growth and macro changes.
Earnings per share trending higher. Q4 2026 basic and diluted EPS both around $1.76, reflecting higher earnings and supporting per-share growth through the year along with favorable capital actions.
Share repurchases indicate shareholder-friendly capital allocation. NVIDIA carried out meaningful buybacks (e.g., roughly $3.8B in common-equity repurchases in Q4 2026), which can support EPS and per-share metrics over time.
Sustained R&D investment and growth trajectory. R&D expense remains high (Q4 2026 ≈ $5.5B), underscoring ongoing investment in AI leadership and product pipeline, which is a key driver of long-term growth.
Large investing and financing outflows pressure near‑term cash balance. In Q4 2026 NVIDIA reported substantial investing outflows (net cash from continuing investing activities ≈ −$30.9B) and financing outflows contributing to a negative net change in cash, despite strong operating cash flow.

05/05/26 03:42 PM ETAI Generated. May Contain Errors.

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 2026 ended on January 25, 2026.

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 $120.07 billion in 2026, rising from $614 million in 2016. The previous period was $72.88 billion in 2025. Find out what analysts predict for NVIDIA in the coming months.

What is NVIDIA's operating income?

NVIDIA's total operating income in 2026 was $130.39 billion, based on the following breakdown:

Total Gross Profit: $153.46 billion
Total Operating Expenses: $23.08 billion

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

Over the last 10 years, NVIDIA's total revenue changed from $5.01 billion in 2016 to $215.94 billion in 2026, a change of 4,210.1%.

How much debt does NVIDIA have?

NVIDIA's total liabilities were at $49.51 billion at the end of 2026, a 53.4% increase from 2025, and a 1,659.4% increase since 2016.

How much cash does NVIDIA have?

In the past 10 years, NVIDIA's cash and equivalents has ranged from $596 million in 2016 to $10.90 billion in 2020, and is currently $10.61 billion as of their latest financial filing in 2026.

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 8.30 in 2016 to 6.47 in 2026, a change of -22.0%.

Related Companies

Financial statements for NASDAQ:NVDA last updated on 2/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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NVIDIA (NVDA) Financials

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NVIDIA (NVDA) Financials

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