Nintendo Co., Ltd.
Financial Performance
Nintendo Revenue & Financials
Revenue
~$15.5B (FY2026)
Market Cap
$59.7B
Net Income
~$2.8B
Employees
8,666
What is Nintendo's revenue?
Nintendo had ~$15.5B in revenue for fiscal year 2026, up 98.6% from 2025. Net income was ~$2.8B.
- Latest revenue
- ~$15.5B (FY2026)
- Year-over-year
- +98.6%
- Growth rate (CAGR)
- 8.1% over 4 years
- Peak revenue
- ~$15.5B (FY2026)
- Years of data
- 5
- Employees
- 8,666
- How much profit does Nintendo make?
- Nintendo reported net income of ~$2.8B for fiscal year 2026. stockanalysis.com
- How many employees does Nintendo have?
- Nintendo has about 8,666 employees.
Financial Analysis
Nintendo's results swing with its hardware cycle. Net sales fell 30.3% to ~$7.8 billion (¥1,164.9 billion) in the year to March 2025, the last full year before a new console, then nearly doubled to ~$15.5 billion (¥2,313.1 billion) in the year to March 2026 after the Switch 2 launched in June 2025. Margins compressed as lower-margin hardware dominated the mix: operating profit rose a more modest 27.5% to ~$2.41 billion (¥360.1 billion). In April-June 2026 net sales eased 9.5% to ~$3.47 billion (¥517.8 billion) while operating profit rose 150.5% to ~$955 million (¥142.5 billion) and net profit rose 53.5% to ~$988 million (¥147.4 billion), helped by software sales and The Super Mario Galaxy Movie. For the year to March 2027, Nintendo guided to ~$13.7 billion (¥2.05 trillion) in net sales, ~$2.48 billion (¥370 billion) in operating profit and ~$2.08 billion (¥310 billion) in net profit, factoring in Switch 2 price increases tied to memory component costs. Nintendo is a legendary pioneer in the video game industry, commanding a market valuation historically over $60 billion.
Revenue Trend Analysis
YoY Change
+98.6%
4-Year CAGR
+8.1%
Peak Year
2026
Trend
Mostly Growing
Nintendo Co., Ltd. has 5 full fiscal year figures on this page, compounding at +8.1% annually over 4 years. The most recent year saw a 98.6% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$15.5B. Of 4 comparable year-over-year steps, 2 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$15.5B | ~$2.8B | +98.6% | Nintendo (TYO:7974) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$7.8B | ~$1.9B | -30.3% | Nintendo (TYO:7974) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$11.2B | ~$3.3B | +4.4% | Nintendo (TYO:7974) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$10.7B | ~$2.9B | -5.5% | Nintendo (TYO:7974) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$11.4B | ~$3.2B | — | Nintendo (TYO:7974) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
Keep researching Nintendo
Nintendo Revenue and Financial FAQ
Why does Nintendo maintain a massive $10 billion debt-free cash fortress?
Former president Hiroshi Yamauchi instituted a strict corporate policy of holding massive cash reserves (over ¥1.5 trillion in liquid cash with zero debt). Because video game hardware is inherently cyclical—where a hit console can be followed by a commercial flop (like the Wii U)—this cash fortress ensures Nintendo can survive multiple difficult hardware cycles without layoffs or external debt.
What is Nintendo's standard corporate operating margin profile?
During mature hardware cycles with high digital software attachment (such as the Switch era), Nintendo generates operating margins between 30% and 36%, outperforming traditional diversified consumer electronics manufacturers like Sony and consumer appliance makers.
What is Nintendo's dividend payout policy for shareholders?
Nintendo maintains a shareholder-friendly dividend policy targeting a 33% consolidated operating profit payout ratio or a 50% consolidated net profit payout ratio (whichever is higher), distributing substantial cash returns while preserving its strategic balance sheet fortress.
How does currency exchange volatility (yen vs USD/EUR) impact Nintendo's financial results?
Because over 75% to 80% of Nintendo's sales occur outside Japan while primary research, development, and administrative costs are denominated in Japanese yen, a weaker yen generates massive foreign exchange translation gains on foreign revenue and overseas cash deposits.
What are Nintendo's typical annual research and development (R&D) expenditures?
Nintendo invests between ¥100 billion and ¥140 billion annually in R&D, focused on next-generation console hardware architecture, custom silicon partnerships (such as Nvidia Tegra chips), operating systems, and proprietary game engine development.
How does Nintendo's balance sheet efficiency compare to peer gaming companies?
Nintendo carries virtually zero long-term financial debt, holds over ¥1.8 trillion in current assets, and boasts an equity ratio exceeding 75%, making it one of the most solvent, defensively capitalized entertainment companies in the global equity markets.
How did software attach rates sustain Nintendo's record Switch profitability?
The Nintendo Switch achieved an unprecedented software tie ratio of over 8 games sold per hardware unit, delivering over 1.2 billion software units sold and generating historic multi-year cumulative operating cash flow.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Nintendo Revenue & Financials." CorpDigest, https://corpdigest.com/company/nintendo/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Nintendo reported ~$15.5B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/nintendo/financials" target="_blank" rel="noopener">CorpDigest — Nintendo financials</a></div>Related Financial Audits
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