NVIDIA Corporation income statement
In fiscal 2026, NVIDIA Corporation reported revenue of $215.94bn, up 65.5% on the year before, operating income of $130.39bn (a 60.4% margin) and net income of $120.07bn, or $4.90 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Jan 2010 | 2011Jan 2011 | 2012Jan 2012 | 2013Jan 2013 | 2014Jan 2014 | 2015Jan 2015 | 2016Jan 2016 | 2017Jan 2017 | 2018Jan 2018 | 2019Jan 2019 | 2020Jan 2020 | 2021Jan 2021 | 2022Jan 2022 | 2023Jan 2023 | 2024Jan 2024 | 2025Jan 2025 | 2026Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3 | 3.5 | 4.0 | 4.3 | 4.1 | 4.7 | 5.0 | 6.9 | 9.7 | 11.7 | 10.9 | 16.7 | 26.9 | 27.0 | 60.9 | 130.5 | 215.9 | 303.0 |
| Cost of revenue | 2.1 | 2.1 | 1.9 | 2.1 | 1.9 | 2.1 | 2.2 | 2.8 | 3.9 | 4.5 | 4.2 | 6.3 | 9.4 | 11.6 | 16.6 | 32.6 | 62.5 | 76.7 |
| Gross profit | 1.2 | 1.4 | 2.1 | 2.2 | 2.3 | 2.6 | 2.8 | 4.1 | 5.8 | 7.2 | 6.8 | 10.4 | 17.5 | 15.4 | 44.3 | 97.9 | 153.5 | 226.2 |
| Research and development | 0.9 | 0.8 | 1.0 | 1.1 | 1.3 | 1.4 | 1.3 | 1.5 | 1.8 | 2.4 | 2.8 | 3.9 | 5.3 | 7.3 | 8.7 | 12.9 | 18.5 | 23.6 |
| Selling, general and administrative | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.8 | 1.0 | 1.1 | 1.9 | 2.2 | 2.4 | 2.7 | 3.5 | 4.6 | 5.1 |
| Operating income | −0.1 | 0.3 | 0.6 | 0.6 | 0.5 | 0.8 | 0.7 | 1.9 | 3.2 | 3.8 | 2.8 | 4.5 | 10.0 | 4.2 | 33.0 | 81.5 | 130.4 | 197.6 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.2 | 0.3 | 0.5 |
| Income before tax | −0.1 | 0.3 | 0.7 | 0.7 | 0.5 | 0.8 | 0.7 | 1.9 | 3.2 | 3.9 | 3.0 | 4.4 | 9.9 | 4.2 | 33.8 | 84.0 | 141.5 | 229.7 |
| Income tax | −0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | −0.2 | 0.2 | 0.1 | 0.2 | −0.2 | 4.1 | 11.1 | 21.4 | 36.9 |
| Net income | −0.1 | 0.3 | 0.6 | 0.6 | 0.4 | 0.6 | 0.6 | 1.7 | 3.0 | 4.1 | 2.8 | 4.3 | 9.8 | 4.4 | 29.8 | 72.9 | 120.1 | 192.9 |
| Diluted EPS | −$0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.06 | $0.12 | $0.17 | $0.11 | $0.17 | $0.39 | $0.17 | $1.19 | $2.94 | $4.90 | $7.91 |
| Diluted shares (average) | 21,983m | 23,547m | 24,655m | 24,998m | 23,800m | 22,520m | 22,760m | 25,960m | 25,280m | 25,000m | 24,720m | 25,100m | 25,350m | 25,070m | 24,940m | 24,804m | 24,514m | 24,397m |
| EBITDA | 0.1 | 0.4 | 0.9 | 0.9 | 0.7 | 1.0 | 0.9 | 2.1 | 3.4 | 4.1 | 3.2 | 5.6 | 11.2 | 5.8 | 34.5 | 83.3 | 133.2 | 201.3 |
| Quarter | 2025 Q3Oct 2024 | 2025 Q4Jan 2025 | 2026 Q1Apr 2025 | 2026 Q2Jul 2025 | 2026 Q3Oct 2025 | 2026 Q4Jan 2026 | 2027 Q1Apr 2026 | 2027 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.1 | 39.3 | 44.1 | 46.7 | 57.0 | 68.1 | 81.6 | 96.2 |
| Cost of revenue | 8.9 | 10.6 | 17.4 | 12.9 | 15.2 | 17.0 | 20.5 | 24.1 |
| Gross profit | 26.2 | 28.7 | 26.7 | 33.9 | 41.8 | 51.1 | 61.2 | 72.1 |
| Research and development | 3.4 | 3.7 | 4.0 | 4.3 | 4.7 | 5.5 | 6.3 | 7.1 |
| Selling, general and administrative | 0.9 | 1.0 | 1.0 | 1.1 | 1.1 | 1.3 | 1.3 | 1.4 |
| Operating income | 21.9 | 24.0 | 21.6 | 28.4 | 36.0 | 44.3 | 53.5 | 63.7 |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 |
| Income before tax | 22.3 | 25.2 | 21.9 | 31.2 | 37.9 | 50.4 | 69.9 | 71.5 |
| Income tax | 3.0 | 3.1 | 3.1 | 4.8 | 6.0 | 7.4 | 11.6 | 11.8 |
| Net income | 19.3 | 22.1 | 18.8 | 26.4 | 31.9 | 43.0 | 58.3 | 59.7 |
| Diluted EPS | $0.78 | $0.90 | $0.76 | $1.08 | $1.30 | $1.76 | $2.39 | $2.46 |
| EBITDA | 22.3 | 24.6 | 22.2 | 29.1 | 36.8 | 45.1 | 54.5 | 64.9 |
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