NVIDIA Corporation (NVDA) Income Statement
NVDA FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsNVDA revenue and net income
Where NVDA's revenue goes
FY2026Each bar shows an amount and its share of revenue. NVDA kept 55.6% of revenue as net income.
NVDA profit margins
NVDA growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +65.5% | +100.0% | +66.9% | +45.7% |
| Gross profit | +56.8% | +115.4% | +71.3% | +49.2% |
| Operating income | +60.1% | +213.7% | +95.8% | +67.6% |
| Net income | +64.7% | +201.8% | +94.3% | +69.5% |
| EPS (diluted) | +59.9% | +143.8% | +80.4% | +66.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NVDA quarterly EPS vs estimates
NVIDIA beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 18, 2026 (estimate $2.48).
NVDA income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $215.94B | $130.50B | $60.92B | $26.97B | $26.91B | $16.68B | $10.92B | $11.72B | $9.71B | $6.91B |
| Cost of revenue | $62.48B | $32.64B | $16.62B | $11.62B | $9.44B | $6.28B | $4.15B | $4.54B | $3.89B | $2.85B |
| Gross profit | $153.46B | $97.86B | $44.30B | $15.36B | $17.48B | $10.40B | $6.77B | $7.17B | $5.82B | $4.06B |
| Research & development | $18.50B | $12.91B | $8.68B | $7.34B | $5.27B | $3.92B | $2.83B | $2.38B | $1.80B | $1.46B |
| Sales, general & admin | $4.58B | $3.49B | $2.65B | $2.44B | $2.17B | $1.94B | $1.09B | $991.0M | $815.0M | $663.0M |
| Total operating expenses | $23.08B | $16.41B | $11.33B | $11.13B | $7.43B | $5.86B | $3.92B | $3.37B | $2.61B | $2.13B |
| Operating income | $130.39B | $81.45B | $32.97B | $4.22B | $10.04B | $4.53B | $2.85B | $3.80B | $3.21B | $1.93B |
| Interest income | $2.30B | $1.79B | $866.0M | $267.0M | $29.0M | $57.0M | $178.0M | $136.0M | $69.0M | $54.0M |
| Interest expense | $259.0M | $247.0M | $257.0M | $262.0M | $236.0M | $184.0M | $52.0M | $58.0M | $61.0M | $58.0M |
| Income before taxes | $141.45B | $84.03B | $33.82B | $4.18B | $9.94B | $4.41B | $2.97B | $3.90B | $3.20B | $1.91B |
| Income taxes | $21.38B | $11.15B | $4.06B | −$187.0M | $189.0M | $77.0M | $174.0M | −$245.0M | $149.0M | $239.0M |
| Net income | $120.07B | $72.88B | $29.76B | $4.37B | $9.75B | $4.33B | $2.80B | $4.14B | $3.05B | $1.67B |
| EBITDA | $144.55B | $86.14B | $35.58B | $5.99B | $11.35B | $5.69B | $3.40B | $4.22B | $3.46B | $2.15B |
| EPS (diluted) | $4.78 | $2.99 | $1.30 | $0.33 | $0.44 | $0.25 | $0.15 | $0.17 | $0.12 | $0.06 |
| Gross margin | 71.1% | 75.0% | 72.7% | 56.9% | 64.9% | 62.3% | 62.0% | 61.2% | 59.9% | 58.8% |
| Operating margin | 60.4% | 62.4% | 54.1% | 15.7% | 37.3% | 27.2% | 26.1% | 32.5% | 33.0% | 28.0% |
| Net margin | 55.6% | 55.8% | 48.8% | 16.2% | 36.2% | 26.0% | 25.6% | 35.3% | 31.4% | 24.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.22B | $81.61B | $68.13B | $57.01B | $46.74B | $44.06B | $39.33B | $35.08B | $30.04B | $26.04B | $22.10B | $18.12B |
| Cost of revenue | $24.08B | $20.46B | $17.03B | $15.16B | $12.89B | $17.39B | $10.61B | $8.93B | $7.47B | $5.64B | $5.31B | $4.72B |
| Gross profit | $72.14B | $61.16B | $51.09B | $41.85B | $33.85B | $26.67B | $28.72B | $26.16B | $22.57B | $20.41B | $16.79B | $13.40B |
| Research & development | $7.05B | $6.32B | $5.51B | $4.71B | $4.29B | $3.99B | $3.71B | $3.39B | $3.09B | $2.72B | $2.46B | $2.29B |
| Sales, general & admin | $1.35B | $1.30B | $1.28B | $1.13B | $1.12B | $1.04B | $975.0M | $897.0M | $842.0M | $777.0M | $712.0M | $689.0M |
| Total operating expenses | $8.41B | $7.62B | $6.79B | $5.84B | $5.41B | $5.03B | $4.69B | $4.29B | $3.93B | $3.50B | $3.18B | $2.98B |
| Operating income | $63.73B | $53.54B | $44.30B | $36.01B | $28.44B | $21.64B | $24.03B | $21.87B | $18.64B | $16.91B | $13.61B | $10.42B |
| Interest income | $496.0M | $540.0M | $568.0M | $624.0M | $592.0M | $515.0M | $511.0M | $472.0M | $444.0M | $359.0M | $294.0M | $234.0M |
| Interest expense | $227.0M | $102.0M | $73.0M | $61.0M | $62.0M | $63.0M | $61.0M | $61.0M | $61.0M | $64.0M | $63.0M | $63.0M |
| Income before taxes | $71.51B | $69.90B | $50.40B | $37.94B | $31.21B | $21.91B | $25.22B | $22.32B | $19.21B | $17.28B | $14.11B | $10.52B |
| Income taxes | $11.82B | $11.58B | $7.44B | $6.03B | $4.78B | $3.13B | $3.13B | $3.01B | $2.62B | $2.40B | $1.82B | $1.28B |
| Net income | $59.69B | $58.32B | $42.96B | $31.91B | $26.42B | $18.77B | $22.09B | $19.31B | $16.60B | $14.88B | $12.29B | $9.24B |
| EBITDA | $72.86B | $71.00B | $51.28B | $38.75B | $31.94B | $22.58B | $25.82B | $22.86B | $19.71B | $17.75B | $14.56B | $10.96B |
| EPS (diluted) | $2.22 | $1.87 | $1.62 | $1.30 | $1.05 | $0.81 | $0.89 | $0.81 | $0.68 | $0.61 | $0.52 | $0.40 |
| Gross margin | 75.0% | 74.9% | 75.0% | 73.4% | 72.4% | 60.5% | 73.0% | 74.6% | 75.1% | 78.4% | 76.0% | 74.0% |
| Operating margin | 66.2% | 65.6% | 65.0% | 63.2% | 60.8% | 49.1% | 61.1% | 62.3% | 62.1% | 64.9% | 61.6% | 57.5% |
| Net margin | 62.0% | 71.5% | 63.1% | 56.0% | 56.5% | 42.6% | 56.2% | 55.0% | 55.3% | 57.1% | 55.6% | 51.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NVDA's financial statements (latest annual report filed February 25, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NVDA financial results
In fiscal year 2026 (ended January 31, 2026), NVIDIA reported revenue of $215.9 billion, up 65.5% from the year before. It had net income of $120.1 billion (up 64.7%), a net profit margin of 55.6%. Diluted earnings per share came to $4.78. Over five years revenue grew at an average rate of 66.9% a year.
See the NVDA stock overview for the latest quote and news, or the NVDA chart for price history and technical indicators.
NVDA income statement FAQ
What is NVIDIA's annual revenue?
NVIDIA reported total revenue of $215.9 billion for fiscal year 2026, which ended on January 31, 2026. That was up 65.5% from $130.5 billion the previous year.
Is NVIDIA profitable?
Yes. NVIDIA reported net income of $120.1 billion in fiscal 2026, a net profit margin of 55.6%; its operating margin was 60.4%.
What is NVIDIA's gross margin?
NVIDIA's gross margin was 71.1% in fiscal 2026: for every $100 of revenue, NVIDIA kept $71 after the direct cost of its products and services.
How much does NVIDIA spend on research and development?
NVIDIA spent $18.5 billion on research and development in fiscal 2026, 8.6% of revenue.
How fast is NVIDIA growing?
Revenue grew 66.9% a year on average over the last five fiscal years, from $16.7 billion to $215.9 billion.
What are NVIDIA's earnings per share?
NVIDIA earned $4.78 per diluted share in fiscal 2026, compared with $2.99 a year earlier.
When will NVIDIA report its next earnings?
NVIDIA is expected to report results for the quarter ending October 31, 2026 on November 18, 2026.
When does NVIDIA's fiscal year end?
NVIDIA's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on February 25, 2026.