NVIDIA Corporation (NVDA) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|
| Cash from Operations | 50.34B | 36.19B | 23.75B | 15.37B | 27.41B | 16.63B | 17.63B | 14.49B | 15.35B | 11.5B | 7.33B | 6.35B | 2.91B | 2.25B | 392M | 1.27B | 1.73B | 3.03B | 1.52B | 2.68B |
| Operating CF Margin % | 61.68% | 53.12% | 41.66% | 32.87% | 62.22% | 42.28% | 50.25% | 48.23% | 58.92% | 52.02% | 40.46% | 47% | 40.48% | 37.15% | 6.61% | 18.94% | 20.89% | 39.68% | 21.39% | 41.22% |
| Operating CF Growth % | 83.64% | 117.62% | 34.74% | 6.05% | 78.65% | 44.61% | 140.41% | 128.23% | 427.14% | 411.52% | 1770.41% | 399.84% | 68.17% | -25.88% | -74.19% | -52.65% | -7.63% | 46.73% | 18.76% | 71.16% |
| Net Income | 58.32B | 42.96B | 31.91B | 26.42B | 18.77B | 22.09B | 19.31B | 16.6B | 14.88B | 12.29B | 9.24B | 6.19B | 2.04B | 1.41B | 680M | 656M | 1.62B | 3B | 2.46B | 2.37B |
| Depreciation & Amortization | 997M | 812M | 751M | 669M | 611M | 543M | 478M | 433M | 410M | 387M | 372M | 365M | 384M | 426M | 406M | 378M | 334M | 309M | 298M | 286M |
| Stock-Based Compensation | 1.93B | 1.63B | 1.65B | 1.63B | 1.47B | 1.32B | 1.25B | 1.15B | 1.01B | 994M | 979M | 841M | 735M | 738M | 745M | 648M | 578M | 551M | 559M | 465M |
| Deferred Taxes | 1.58B | 611M | 125M | 17M | -2.18B | -598M | -603M | -1.7B | -1.58B | -78M | -530M | -746M | -1.14B | -647M | -532M | -443M | -542M | -224M | -21M | -185M |
| Other Non-Cash Items | -7.05B | 6.12B | -13.06B | -2.35B | 77M | -865M | -115M | -338M | -214M | -370M | 1M | -127M | -20M | 30M | -34M | 2M | 1.39B | 74M | -10M | 19M |
| Working Capital Changes | -5.44B | -15.95B | 2.37B | -11.02B | 8.65B | -5.86B | -2.69B | -1.66B | 834M | -1.72B | -2.73B | -174M | 904M | 287M | -873M | 29M | -1.65B | -680M | -1.77B | -276M |
| Change in Receivables | -2.24B | -5.07B | -5.58B | -5.68B | 933M | -5.37B | -3.56B | -1.77B | -2.37B | -1.69B | -1.24B | -2.99B | -252M | 1.08B | 410M | 120M | -788M | -692M | -366M | -562M |
| Change in Inventory | -4.42B | -1.62B | -4.82B | -3.62B | -1.26B | -2.42B | -977M | -803M | -577M | -503M | -456M | 295M | 566M | -706M | -563M | -725M | -560M | -374M | -118M | -123M |
| Change in Payables | 2.21B | 1.06B | -223M | 1.31B | 941M | 867M | 1.69B | 823M | -22M | 281M | 461M | 778M | 11M | -193M | -917M | 304M | 255M | 94M | 140M | 209M |
| Cash from Investing | -26.43B | -30.86B | -9.02B | -7.13B | -5.22B | -7.2B | -4.35B | -3.18B | -5.69B | -6.11B | -3.17B | -446M | -841M | -3M | 3.15B | 1.62B | 2.61B | -1.59B | -4.44B | -2.53B |
| Capital Expenditures | -1.76B | -1.28B | -1.64B | -1.9B | -1.23B | -1.08B | -813M | -977M | -369M | -254M | -278M | -289M | -248M | -509M | -530M | -433M | -361M | -273M | -222M | -183M |
| CapEx % of Revenue | 2.15% | 1.88% | 2.87% | 4.05% | 2.78% | 2.74% | 2.32% | 3.25% | 1.42% | 1.15% | 1.53% | 2.14% | 3.45% | 8.41% | 8.94% | 6.46% | 4.36% | 3.57% | 3.13% | 2.81% |
| Acquisitions | -87M | -165M | -693M | -294M | -383M | -542M | -148M | -278M | -39M | 0 | 456M | -235M | -304M | 0 | 0 | -13M | -36M | -60M | -203M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -13B | 0 | 0 | 0 | 22M | 0 | 0 | 0 | 0 | 4M | 21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -21.28B | -6.21B | -14.88B | -11.83B | -15.55B | -9.95B | -12.74B | -10.32B | -9.35B | -3.63B | -4.53B | -5.1B | -380M | -1.66B | -3.75B | -3.76B | -2.45B | -745M | -1.42B | 4.5B |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.25B | 0 | 1.25B | 0 | -1.25B | 0 | 0 | 0 | 0 | -22M | 0 | -1.01B | 5B |
| Equity Issued (Net) | -20.93B | -3.81B | -12.46B | -9.72B | -14.1B | -7.81B | -11B | -7.16B | -7.74B | -2.66B | -3.81B | -3.07B | 0 | -1.21B | -3.48B | -3.35B | -2B | 4M | 149M | 2M |
| Dividends Paid | -243M | -242M | -244M | -244M | -244M | -245M | -245M | -246M | -98M | -99M | -97M | -100M | -99M | -98M | -100M | -100M | -100M | -101M | -100M | -99M |
| Share Repurchases | -21.44B | -3.81B | -12.46B | -9.72B | -14.1B | -7.81B | -11B | -7.16B | -7.74B | -2.66B | -3.81B | -3.07B | 0 | -1.21B | -3.48B | -3.35B | -2B | 0 | 0 | 0 |
| Other Financing | -114M | -2.15B | -2.18B | -1.87B | -1.21B | -1.89B | -1.5B | -1.67B | -1.51B | -2.12B | -621M | -682M | -281M | -345M | -168M | -317M | -328M | -648M | -461M | -406M |
| Net Change in Cash | 2.63B | -881M | -153M | -3.6B | 6.64B | -518M | 536M | 984M | 307M | 1.76B | -363M | 803M | 1.69B | 589M | -213M | -874M | 1.9B | 702M | -4.34B | 4.65B |
| Free Cash Flow | 48.59B | 34.9B | 22.11B | 13.47B | 26.19B | 15.55B | 16.81B | 13.51B | 14.98B | 11.24B | 7.05B | 6.06B | 2.66B | 1.74B | -138M | 837M | 1.37B | 2.76B | 1.3B | 2.5B |
| FCF Margin % | 59.53% | 51.23% | 38.79% | 28.82% | 59.43% | 39.54% | 47.93% | 44.98% | 57.5% | 50.88% | 38.93% | 44.86% | 37.03% | 28.74% | -2.33% | 12.49% | 16.53% | 36.11% | 18.26% | 38.4% |
| FCF Growth % | 85.54% | 124.43% | 31.53% | -0.3% | 74.86% | 38.3% | 138.36% | 122.99% | 462.37% | 546.64% | 5211.59% | 623.89% | 94.38% | -36.99% | -110.64% | -66.51% | -13.07% | 54.71% | 60.92% | 85.11% |
| FCF per Share | 1.99 | 1.43 | 0.90 | 0.55 | 1.06 | 0.63 | 0.68 | 0.54 | 0.60 | 0.45 | 0.28 | 0.24 | 0.11 | 0.07 | -0.01 | 0.03 | 0.05 | 0.11 | 0.05 | 0.10 |
| FCF Conversion (FCF/Net Income) | 0.86x | 0.84x | 0.74x | 0.58x | 1.46x | 0.75x | 0.91x | 0.87x | 1.03x | 0.94x | 0.79x | 1.03x | 1.42x | 1.59x | 0.58x | 1.94x | 1.07x | 1.01x | 0.62x | 1.13x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 4.13B | 3.54B | 0 | 0 | 1.87B | 4.35B | 0 | 0 | 32M | 264M | 0 | 0 | 0 | 72M | 0 |