NVIDIA Corporation (NVDA) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 81.61B | 68.13B | 57.01B | 46.74B | 44.06B | 39.33B | 35.08B | 30.04B | 26.04B | 22.1B | 18.12B | 13.51B | 7.19B | 6.05B | 5.93B | 6.7B | 8.29B | 7.64B | 7.1B | 6.51B |
| Revenue Growth % | 85.23% | 73.21% | 62.49% | 55.6% | 69.18% | 77.94% | 93.61% | 122.4% | 262.12% | 265.28% | 205.51% | 101.48% | -13.22% | -20.83% | -16.5% | 3.03% | 46.41% | 52.77% | 50.3% | 68.31% |
| Cost of Goods Sold | 20.46B | 17.03B | 15.16B | 12.89B | 17.39B | 10.61B | 8.93B | 7.47B | 5.64B | 5.31B | 4.72B | 4.04B | 2.54B | 2.22B | 2.75B | 3.79B | 2.86B | 2.64B | 2.47B | 2.29B |
| COGS % of Revenue | 25.07% | 25% | 26.59% | 27.58% | 39.48% | 26.97% | 25.44% | 24.85% | 21.65% | 24.03% | 26.05% | 29.95% | 35.37% | 36.66% | 46.43% | 56.52% | 34.47% | 34.59% | 34.8% | 35.22% |
| Gross Profit | 61.16B | 51.09B | 41.85B | 33.85B | 26.67B | 28.72B | 26.16B | 22.57B | 20.41B | 16.79B | 13.4B | 9.46B | 4.65B | 3.83B | 3.18B | 2.92B | 5.43B | 5B | 4.63B | 4.21B |
| Gross Margin % | 74.93% | 75% | 73.41% | 72.42% | 60.52% | 73.03% | 74.56% | 75.15% | 78.35% | 75.97% | 73.95% | 70.05% | 64.63% | 63.34% | 53.57% | 43.48% | 65.53% | 65.41% | 65.2% | 64.78% |
| Gross Profit Growth % | 129.33% | 77.88% | 60% | 49.96% | 30.69% | 71.06% | 95.19% | 138.58% | 339.03% | 338.06% | 321.78% | 224.6% | -14.42% | -23.32% | -31.4% | -30.84% | 49.66% | 58.4% | 56.45% | 85.27% |
| Operating Expenses | 7.62B | 6.79B | 5.84B | 5.41B | 5.03B | 4.69B | 4.29B | 3.93B | 3.5B | 3.18B | 2.98B | 2.66B | 2.51B | 2.58B | 2.58B | 2.42B | 3.56B | 2.03B | 1.96B | 1.77B |
| OpEx % of Revenue | 9.34% | 9.97% | 10.24% | 11.58% | 11.42% | 11.92% | 12.22% | 13.09% | 13.43% | 14.37% | 16.46% | 19.71% | 34.87% | 42.59% | 43.43% | 36.04% | 42.99% | 26.55% | 27.59% | 27.22% |
| Selling, General & Admin | 1.3B | 1.28B | 1.13B | 1.12B | 1.04B | 975M | 897M | 842M | 777M | 712M | 689M | 622M | 633M | 625M | 631M | 592M | 592M | 563M | 557M | 526M |
| SG&A % of Revenue | 1.59% | 1.88% | 1.99% | 2.4% | 2.36% | 2.48% | 2.56% | 2.8% | 2.98% | 3.22% | 3.8% | 4.61% | 8.8% | 10.33% | 10.64% | 8.83% | 7.14% | 7.37% | 7.84% | 8.08% |
| Research & Development | 6.32B | 5.51B | 4.71B | 4.29B | 3.99B | 3.71B | 3.39B | 3.09B | 2.72B | 2.46B | 2.29B | 2.04B | 1.88B | 1.95B | 1.95B | 1.82B | 1.62B | 1.47B | 1.4B | 1.25B |
| R&D % of Revenue | 7.74% | 8.09% | 8.25% | 9.18% | 9.05% | 9.44% | 9.66% | 10.29% | 10.44% | 11.15% | 12.66% | 15.1% | 26.07% | 32.26% | 32.79% | 27.21% | 19.52% | 19.18% | 19.75% | 19.13% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 |
| Operating Income | 53.54B | 44.3B | 36.01B | 28.44B | 21.64B | 24.03B | 21.87B | 18.64B | 16.91B | 13.61B | 10.42B | 6.8B | 2.14B | 1.26B | 601M | 499M | 1.87B | 2.97B | 2.67B | 2.44B |
| Operating Margin % | 65.6% | 65.02% | 63.17% | 60.84% | 49.11% | 61.11% | 62.34% | 62.06% | 64.92% | 61.59% | 57.49% | 50.34% | 29.76% | 20.76% | 10.13% | 7.44% | 22.54% | 38.86% | 37.6% | 37.56% |
| Operating Income Growth % | 147.42% | 84.32% | 64.66% | 52.56% | 27.97% | 76.54% | 109.94% | 174.15% | 690.14% | 983.92% | 1633.28% | 1262.73% | 14.56% | -57.71% | -77.5% | -79.58% | -4.5% | 97.08% | 91.06% | 275.42% |
| EBITDA | 54.53B | 45.11B | 36.76B | 29.11B | 22.25B | 24.58B | 22.35B | 19.07B | 17.32B | 14B | 10.79B | 7.17B | 2.52B | 1.68B | 1.01B | 877M | 2.2B | 3.28B | 2.97B | 2.73B |
| EBITDA Margin % | 66.82% | 66.22% | 64.49% | 62.27% | 50.49% | 62.49% | 63.7% | 63.5% | 66.5% | 63.34% | 59.54% | 53.05% | 35.09% | 27.8% | 16.98% | 13.08% | 26.57% | 42.9% | 41.8% | 41.95% |
| EBITDA Growth % | 145.1% | 83.55% | 64.5% | 52.6% | 28.47% | 75.54% | 107.13% | 166.22% | 586.17% | 732.4% | 971.4% | 716.99% | 14.62% | -48.7% | -66.08% | -67.88% | -1.56% | 82.67% | 74.96% | 158.77% |
| D&A (Non-Cash Add-back) | 997M | 812M | 751M | 669M | 611M | 543M | 478M | 433M | 410M | 387M | 372M | 365M | 384M | 426M | 406M | 378M | 334M | 309M | 298M | 286M |
| EBIT | 69.8B | 50.47B | 38B | 31.27B | 21.97B | 25.28B | 22.38B | 19.27B | 17.34B | 14.17B | 10.59B | 7.05B | 2.27B | 1.35B | 678M | 540M | 1.87B | 2.93B | 2.7B | 2.45B |
| Net Interest Income | 438M | 496M | 563M | 530M | 452M | 450M | 411M | 383M | 295M | 231M | 171M | 122M | 84M | 51M | 23M | -19M | -50M | -52M | -55M | -54M |
| Interest Income | 540M | 569M | 624M | 592M | 515M | 511M | 472M | 444M | 359M | 294M | 234M | 187M | 150M | 115M | 88M | 46M | 18M | 9M | 7M | 6M |
| Interest Expense | 102M | 73M | 61M | 62M | 63M | 61M | 61M | 61M | 64M | 63M | 63M | 65M | 66M | 64M | 65M | 65M | 68M | 61M | 62M | 60M |
| Other Income/Expense | 16.37B | 6.1B | 1.93B | 2.77B | 272M | 1.18B | 447M | 572M | 370M | 492M | 105M | 181M | 69M | 32M | 12M | -24M | -63M | -105M | -33M | -50M |
| Pretax Income | 69.9B | 50.4B | 37.94B | 31.21B | 21.91B | 25.22B | 22.32B | 19.21B | 17.28B | 14.11B | 10.52B | 6.98B | 2.21B | 1.29B | 613M | 475M | 1.8B | 2.87B | 2.64B | 2.39B |
| Pretax Margin % | 85.65% | 73.98% | 66.55% | 66.76% | 49.73% | 64.11% | 63.61% | 63.96% | 66.35% | 63.82% | 58.07% | 51.68% | 30.71% | 21.29% | 10.34% | 7.09% | 21.78% | 37.49% | 37.14% | 36.79% |
| Income Tax | 11.58B | 7.44B | 6.03B | 4.78B | 3.13B | 3.13B | 3.01B | 2.62B | 2.4B | 1.82B | 1.28B | 793M | 166M | -126M | -67M | -181M | 187M | -138M | 174M | 20M |
| Effective Tax Rate % | 16.57% | 14.76% | 15.88% | 15.33% | 14.31% | 12.4% | 13.47% | 13.61% | 13.88% | 12.91% | 12.16% | 11.36% | 7.51% | -9.78% | -10.93% | -38.11% | 10.36% | -4.82% | 6.6% | 0.84% |
| 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 |
| Net Margin % | 71.46% | 63.06% | 55.98% | 56.53% | 42.61% | 56.17% | 55.04% | 55.26% | 57.14% | 55.58% | 51.01% | 45.81% | 28.41% | 23.37% | 11.47% | 9.79% | 19.52% | 39.29% | 34.69% | 36.48% |
| Net Income Growth % | 210.63% | 94.47% | 65.26% | 59.18% | 26.17% | 79.82% | 108.9% | 168.25% | 628.39% | 768.81% | 1259.26% | 843.29% | 26.27% | -52.91% | -72.4% | -72.37% | -15.38% | 106.11% | 84.43% | 281.67% |
| Net Income (Continuing) | 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 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.39 | 1.76 | 1.30 | 1.08 | 0.76 | 0.89 | 0.78 | 0.67 | 0.60 | 0.49 | 0.37 | 0.25 | 0.08 | 0.06 | 0.03 | 0.03 | 0.06 | 0.12 | 0.10 | 0.09 |
| EPS Growth % | 214.47% | 97.75% | 66.67% | 61.19% | 26.67% | 81.63% | 110.81% | 168% | 631.71% | 758.14% | 1270.37% | 861.54% | 28.13% | -52.42% | -72.16% | -72.34% | -15.79% | 106.9% | 83.02% | 276% |
| EPS (Basic) | 2.40 | 1.77 | 1.31 | 1.08 | 0.77 | 0.90 | 0.79 | 0.68 | 0.60 | 0.50 | 0.38 | 0.25 | 0.08 | 0.06 | 0.03 | 0.03 | 0.07 | 0.12 | 0.10 | 0.10 |
| Diluted Shares Outstanding | 24.39B | 24.43B | 24.48B | 24.53B | 24.61B | 24.71B | 24.77B | 24.85B | 24.89B | 24.9B | 24.94B | 24.99B | 24.9B | 24.77B | 24.99B | 25.16B | 25.37B | 25.45B | 25.38B | 25.32B |
| Basic Shares Outstanding | 24.29B | 24.3B | 24.33B | 24.37B | 24.44B | 24.49B | 24.53B | 24.58B | 24.62B | 24.66B | 24.68B | 24.73B | 24.7B | 24.64B | 24.83B | 24.95B | 25.06B | 25.04B | 24.99B | 24.93B |
| Dividend Payout Ratio | 0.42% | 0.56% | 0.76% | 0.92% | 1.3% | 1.11% | 1.27% | 1.48% | 0.66% | 0.81% | 1.05% | 1.62% | 4.85% | 6.93% | 14.71% | 15.24% | 6.18% | 3.36% | 4.06% | 4.17% |