Nvidia Corporation Financials
This page shows Nvidia Corporation (NVDA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Nvidia Corporation has an operating margin of 62.4%, meaning the company retains $62 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 54.1% the prior year.
Nvidia Corporation's revenue surged 114.2% year-over-year to $130.5B, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Nvidia Corporation carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.39, Nvidia Corporation holds $3.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Nvidia Corporation converts 46.6% of revenue into free cash flow ($60.9B). This strong cash generation earns a score of 100/100.
Nvidia Corporation earns a strong 86.9% return on equity (ROE), meaning it generates $87 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 60.6% the prior year.
Nvidia Corporation scores 68.98, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.4T) relative to total liabilities ($41.4B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Nvidia Corporation passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Nvidia Corporation generates $0.88 in operating cash flow ($64.1B OCF vs $72.9B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Nvidia Corporation earns $329.8 in operating income for every $1 of interest expense ($81.5B vs $247.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Nvidia Corporation generated $130.5B in revenue in fiscal year 2025. This represents an increase of 114.2% from the prior year.
Nvidia Corporation's EBITDA was $83.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 141.6% from the prior year.
Nvidia Corporation generated $60.9B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 125.2% from the prior year.
Nvidia Corporation reported $72.9B in net income in fiscal year 2025. This represents an increase of 144.9% from the prior year.
Nvidia Corporation earned $2.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 147.1% from the prior year.
Nvidia Corporation held $15.2B in cash against $8.5B in long-term debt as of fiscal year 2025.
Nvidia Corporation paid $0.03 per share in dividends in fiscal year 2025. This represents an increase of 112.5% from the prior year.
Nvidia Corporation had 24.40B shares outstanding in fiscal year 2025. This represents an increase of 876.0% from the prior year.
Nvidia Corporation's gross margin was 75.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.3 percentage points from the prior year.
Nvidia Corporation's operating margin was 62.4% in fiscal year 2025, reflecting core business profitability. This is up 8.3 percentage points from the prior year.
Nvidia Corporation's net profit margin was 55.9% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.
Nvidia Corporation's ROE was 86.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 26.4 percentage points from the prior year.
Nvidia Corporation invested $12.9B in research and development in fiscal year 2025. This represents an increase of 48.9% from the prior year.
Nvidia Corporation spent $33.7B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 253.6% from the prior year.
Nvidia Corporation invested $3.2B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 202.7% from the prior year.
NVDA Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $57.0B+22.0% | $46.7B+6.1% | $44.1B+25.6% | $35.1B+16.8% | $30.0B+15.3% | $26.0B+17.8% | $22.1B+22.0% | $18.1B |
| Cost of Revenue | $15.2B+17.6% | $12.9B-25.9% | $17.4B+94.9% | $8.9B+19.6% | $7.5B+32.4% | $5.6B+6.1% | $5.3B+12.5% | $4.7B |
| Gross Profit | $41.8B+23.6% | $33.9B+26.9% | $26.7B+2.0% | $26.2B+15.9% | $22.6B+10.6% | $20.4B+21.5% | $16.8B+25.3% | $13.4B |
| R&D Expenses | $4.7B+9.6% | $4.3B+7.6% | $4.0B+17.7% | $3.4B+9.7% | $3.1B+13.6% | $2.7B+10.3% | $2.5B+7.5% | $2.3B |
| SG&A Expenses | $1.1B+1.1% | $1.1B+7.8% | $1.0B+16.1% | $897.0M+6.5% | $842.0M+8.4% | $777.0M+9.4% | $710.0M+3.0% | $689.0M |
| Operating Income | $36.0B+26.6% | $28.4B+31.4% | $21.6B-1.1% | $21.9B+17.3% | $18.6B+10.2% | $16.9B+24.2% | $13.6B+30.7% | $10.4B |
| Interest Expense | $61.0M-1.6% | $62.0M-1.6% | $63.0M+3.3% | $61.0M0.0% | $61.0M-4.7% | $64.0M+1.6% | $63.0M0.0% | $63.0M |
| Income Tax | $6.0B+26.0% | $4.8B+52.6% | $3.1B+4.3% | $3.0B+15.0% | $2.6B+9.0% | $2.4B+31.8% | $1.8B+42.3% | $1.3B |
| Net Income | $31.9B+20.8% | $26.4B+40.7% | $18.8B-2.8% | $19.3B+16.3% | $16.6B+11.5% | $14.9B+21.1% | $12.3B+32.9% | $9.2B |
| EPS (Diluted) | $1.30+20.4% | $1.08+42.1% | $0.76-2.6% | $0.78 | $0.67+11.7% | $0.60+340.0% | $-0.25-167.6% | $0.37 |
NVDA Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $161.1B+14.5% | $140.7B+12.4% | $125.3B+30.5% | $96.0B+12.7% | $85.2B+10.6% | $77.1B+17.3% | $65.7B+21.4% | $54.1B |
| Current Assets | $116.5B+14.0% | $102.2B+13.7% | $89.9B+33.0% | $67.6B+13.4% | $59.6B+11.0% | $53.7B+21.2% | $44.3B+35.8% | $32.7B |
| Cash & Equivalents | $11.5B-1.3% | $11.6B-23.6% | $15.2B+67.3% | $9.1B+6.4% | $8.6B+12.9% | $7.6B+4.2% | $7.3B+31.9% | $5.5B |
| Inventory | $19.8B+32.2% | $15.0B+32.0% | $11.3B+48.1% | $7.7B+14.7% | $6.7B+13.8% | $5.9B+11.0% | $5.3B+10.5% | $4.8B |
| Accounts Receivable | $33.4B+20.1% | $27.8B+25.6% | $22.1B+25.1% | $17.7B+25.2% | $14.1B+14.3% | $12.4B+23.7% | $10.0B+20.3% | $8.3B |
| Goodwill | $6.3B+8.8% | $5.8B+4.7% | $5.5B+16.4% | $4.7B+2.2% | $4.6B+3.8% | $4.5B+0.5% | $4.4B0.0% | $4.4B |
| Total Liabilities | $42.3B+4.0% | $40.6B-1.9% | $41.4B+37.5% | $30.1B+11.2% | $27.1B-3.1% | $27.9B+22.8% | $22.8B+8.9% | $20.9B |
| Current Liabilities | $26.1B+7.5% | $24.3B-8.6% | $26.5B+61.1% | $16.5B+18.0% | $14.0B-8.2% | $15.2B+43.2% | $10.6B+16.8% | $9.1B |
| Long-Term Debt | $7.5B-11.8% | $8.5B0.0% | $8.5B0.0% | $8.5B0.0% | $8.5B0.0% | $8.5B0.0% | $8.5B0.0% | $8.5B |
| Total Equity | $118.9B+18.7% | $100.1B+19.4% | $83.8B+27.2% | $65.9B+13.3% | $58.2B+18.3% | $49.1B+14.3% | $43.0B+29.2% | $33.3B |
| Retained Earnings | $107.9B+21.6% | $88.7B+23.0% | $72.2B+33.7% | $54.0B+17.4% | $46.0B+25.6% | $36.6B+22.7% | $29.8B+46.4% | $20.4B |
NVDA Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $23.8B+54.6% | $15.4B-44.0% | $27.4B+55.5% | $17.6B+21.7% | $14.5B-5.6% | $15.3B+33.4% | $11.5B+56.8% | $7.3B |
| Capital Expenditures | $1.6B-13.7% | $1.9B+54.4% | $1.2B+50.9% | $813.0M-16.8% | $977.0M+164.8% | $369.0M+45.3% | $254.0M-8.6% | $278.0M |
| Free Cash Flow | $22.1B+64.2% | $13.5B-48.6% | $26.2B+55.7% | $16.8B+24.4% | $13.5B-9.8% | $15.0B+33.2% | $11.2B+59.4% | $7.1B |
| Investing Cash Flow | -$9.0B-26.6% | -$7.1B-36.6% | -$5.2B-20.0% | -$4.3B-36.5% | -$3.2B+44.1% | -$5.7B+6.8% | -$6.1B-92.7% | -$3.2B |
| Financing Cash Flow | -$14.9B-25.8% | -$11.8B+23.9% | -$15.6B-22.0% | -$12.7B-23.5% | -$10.3B-10.4% | -$9.3B-157.5% | -$3.6B+19.8% | -$4.5B |
| Dividends Paid | $244.0M0.0% | $244.0M0.0% | $244.0M-0.4% | $245.0M-0.4% | $246.0M+151.0% | $98.0M-1.0% | $99.0M0.0% | $99.0M |
| Share Buybacks | $12.5B+28.1% | $9.7B-31.0% | $14.1B+28.2% | $11.0B+53.6% | $7.2B-7.5% | $7.7B+191.1% | $2.7B-30.2% | $3.8B |
NVDA Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.4%+1.0pp | 72.4%+11.9pp | 60.5%-14.0pp | 74.6%-0.6pp | 75.1%-3.2pp | 78.3%+2.4pp | 76.0%+2.0pp | 74.0% |
| Operating Margin | 63.2%+2.3pp | 60.8%+11.7pp | 49.1%-13.2pp | 62.3%+0.3pp | 62.1%-2.9pp | 64.9%+3.3pp | 61.6%+4.1pp | 57.5% |
| Net Margin | 56.0%-0.6pp | 56.5%+13.9pp | 42.6%-12.4pp | 55.0%-0.2pp | 55.3%-1.9pp | 57.1%+1.6pp | 55.6%+4.6pp | 51.0% |
| Return on Equity | 26.8%+0.5pp | 26.4%+4.0pp | 22.4%-6.9pp | 29.3%+0.8pp | 28.5%-1.7pp | 30.3%+1.7pp | 28.6%+0.8pp | 27.8% |
| Return on Assets | 19.8%+1.0pp | 18.8%+3.8pp | 15.0%-5.1pp | 20.1%+0.6pp | 19.5%+0.2pp | 19.3%+0.6pp | 18.7%+1.6pp | 17.1% |
| Current Ratio | 4.47+0.3 | 4.21+0.8 | 3.39-0.7 | 4.10-0.2 | 4.27+0.7 | 3.53-0.6 | 4.17+0.6 | 3.59 |
| Debt-to-Equity | 0.06-0.0 | 0.08-0.0 | 0.10-0.0 | 0.13-0.0 | 0.15-0.0 | 0.17-0.0 | 0.20-0.1 | 0.25 |
| FCF Margin | 38.8%+10.0pp | 28.8%-30.6pp | 59.4%+11.5pp | 47.9%+3.0pp | 45.0%-12.5pp | 57.5%+6.6pp | 50.9%+12.0pp | 38.9% |
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Frequently Asked Questions
What is Nvidia Corporation's annual revenue?
Nvidia Corporation (NVDA) reported $130.5B in total revenue for fiscal year 2025. This represents a 114.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nvidia Corporation's revenue growing?
Nvidia Corporation (NVDA) revenue grew by 114.2% year-over-year, from $60.9B to $130.5B in fiscal year 2025.
Is Nvidia Corporation profitable?
Yes, Nvidia Corporation (NVDA) reported a net income of $72.9B in fiscal year 2025, with a net profit margin of 55.9%.
What is Nvidia Corporation's earnings per share (EPS)?
Nvidia Corporation (NVDA) reported diluted earnings per share of $2.94 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Nvidia Corporation's EBITDA?
Nvidia Corporation (NVDA) had EBITDA of $83.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nvidia Corporation have?
As of fiscal year 2025, Nvidia Corporation (NVDA) had $15.2B in cash and equivalents against $8.5B in long-term debt.
What is Nvidia Corporation's gross margin?
Nvidia Corporation (NVDA) had a gross margin of 75.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Nvidia Corporation's operating margin?
Nvidia Corporation (NVDA) had an operating margin of 62.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nvidia Corporation's net profit margin?
Nvidia Corporation (NVDA) had a net profit margin of 55.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Nvidia Corporation pay dividends?
Yes, Nvidia Corporation (NVDA) paid $0.03 per share in dividends during fiscal year 2025.
What is Nvidia Corporation's return on equity (ROE)?
Nvidia Corporation (NVDA) has a return on equity of 86.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nvidia Corporation's free cash flow?
Nvidia Corporation (NVDA) generated $60.9B in free cash flow during fiscal year 2025. This represents a 125.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nvidia Corporation's operating cash flow?
Nvidia Corporation (NVDA) generated $64.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nvidia Corporation's total assets?
Nvidia Corporation (NVDA) had $125.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nvidia Corporation's capital expenditures?
Nvidia Corporation (NVDA) invested $3.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Nvidia Corporation spend on research and development?
Nvidia Corporation (NVDA) invested $12.9B in research and development during fiscal year 2025.
Does Nvidia Corporation buy back shares?
Yes, Nvidia Corporation (NVDA) spent $33.7B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Nvidia Corporation have outstanding?
Nvidia Corporation (NVDA) had 24.40B shares outstanding as of fiscal year 2025.
What is Nvidia Corporation's current ratio?
Nvidia Corporation (NVDA) had a current ratio of 3.39 as of fiscal year 2025, which is generally considered healthy.
What is Nvidia Corporation's debt-to-equity ratio?
Nvidia Corporation (NVDA) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nvidia Corporation's return on assets (ROA)?
Nvidia Corporation (NVDA) had a return on assets of 58.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nvidia Corporation's Altman Z-Score?
Nvidia Corporation (NVDA) has an Altman Z-Score of 68.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nvidia Corporation's Piotroski F-Score?
Nvidia Corporation (NVDA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nvidia Corporation's earnings high quality?
Nvidia Corporation (NVDA) has an earnings quality ratio of 0.88x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nvidia Corporation cover its interest payments?
Nvidia Corporation (NVDA) has an interest coverage ratio of 329.8x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nvidia Corporation?
Nvidia Corporation (NVDA) scores 100 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.