NVIDIA Corporation
Financial Performance
NVIDIA Revenue & Financials
Revenue
$215.9B (FY2026)
Market Cap
$5.45T
Net Income
$120.1B
Employees
42,000
What is NVIDIA's revenue?
NVIDIA had $215.9B in revenue for fiscal year 2026, up 65.5% from 2025. Net income was $120.1B.
- Latest revenue
- $215.9B (FY2026)
- Year-over-year
- +65.5%
- Growth rate (CAGR)
- 46.6% over 9 years
- Peak revenue
- $215.9B (FY2026)
- Years of data
- 10
- Employees
- 42,000
Financial Analysis
NVIDIA's revenue rose from $27.0B in fiscal 2023 to $60.9B in FY2024, $130.5B in FY2025 and $215.9B in FY2026, which ended January 25, 2026. FY2026 GAAP net income was $120.1B, operating cash flow was $102.7B and company-defined free cash flow was $96.6B. Growth continued into fiscal 2027: Q2 (ended July 26, 2026) revenue was $96.2B, including $89.0B of Data Center revenue, with a 75.0% GAAP gross margin and $59.7B GAAP net income. The $108.0B Q3 FY2027 revenue figure, plus or minus 2%, was management guidance, not a reported result; the outlook assumed no Data Center compute revenue from China. NVIDIA returned about $26.0B to shareholders in Q2, and reported about $99.0B remaining under its repurchase authorization at quarter-end. Its May 2026 dividend increase to $0.25 per share is separate from the repurchase authorization.
Revenue Trend Analysis
YoY Change
+65.5%
9-Year CAGR
+46.6%
Peak Year
2026
Trend
Consistent Growth
NVIDIA Corporation has 10 full fiscal year figures on this page, compounding at +46.6% annually over 9 years. The most recent year saw a 65.5% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $215.9B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
NVIDIA Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2026ended Jan 25, 2026 | $102.7B | $206.8B | $49.5B | $157.3B | Form 10-K |
| FY2025ended Jan 26, 2025 | $64.1B | $111.6B | $32.3B | $79.3B | Form 10-K |
| FY2024ended Jan 28, 2024 | $28.1B | $65.7B | $22.8B | $43B | Form 10-K |
| FY2023ended Jan 29, 2023 | $5.6B | $41.2B | $19.1B | $22.1B | Form 10-K |
| FY2022ended Jan 30, 2022 | $9.1B | $44.2B | $17.6B | $26.6B | Form 10-K |
| FY2021ended Jan 31, 2021 | $5.8B | $28.8B | $11.9B | $16.9B | Form 10-K |
| FY2020ended Jan 26, 2020 | $4.8B | $17.3B | $5.1B | $12.2B | Form 10-K |
| FY2019ended Jan 27, 2019 | $3.7B | $13.3B | $4B | $9.3B | Form 10-K |
| FY2018ended Jan 28, 2018 | $3.5B | $11.2B | $3.8B | $7.5B | Form 10-K |
| FY2017ended Jan 29, 2017 | $1.7B | $9.8B | $4B | $5.8B | Form 10-K |
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NVIDIA Revenue and Financial FAQ
What was NVIDIA Corporation's annual revenue and net income in recent fiscal years?
NVIDIA reported $215.9 billion of revenue and $120.1 billion of GAAP net income for FY2026, which ended January 25, 2026. FY2025 revenue was $130.5 billion. Its Q2 FY2027 revenue of $96.2 billion is a separate three-month result.
What is NVIDIA's gross profit margin and how did it reach historic highs?
NVIDIA's GAAP gross margin was 71.1% for FY2026 and 75.0% for Q2 FY2027. Margins vary by product mix and costs; its filings do not support a fixed margin range or a single selling price for H100 and H200 systems.
How much free cash flow (FCF) does NVIDIA generate annually?
NVIDIA reported $102.7 billion of FY2026 operating cash flow and $96.6 billion of company-defined free cash flow. The free-cash-flow calculation subtracts property, equipment and intangible-asset purchases and related principal payments; it is a non-GAAP measure.
What is the revenue growth rate of NVIDIA's Data Center business?
NVIDIA reported $89.0 billion of Data Center revenue in Q2 FY2027, up 117% from Q2 FY2026 and 18% from Q1 FY2027. This is quarterly Data Center platform revenue, not the company's total quarterly revenue of $96.2 billion.
How much does NVIDIA spend annually on Research and Development (R&D)?
NVIDIA reported $18.5 billion of research and development expense in FY2026, or 8.6% of revenue, up from $12.9 billion in FY2025. Q2 FY2027 R&D expense was $7.1 billion for the quarter.
What is NVIDIA's share repurchase program and shareholder capital return scale?
NVIDIA returned about $26.0 billion to shareholders through repurchases and dividends in Q2 FY2027. At July 26, 2026, it reported about $99.0 billion remaining under its share repurchase authorization. The quarterly dividend was $0.25 per share.
What was the significance of NVIDIA's 10-for-1 forward stock split in June 2024?
In June 2024, NVIDIA completed a 10-for-1 forward stock split to make share ownership more accessible to retail investors and employees, lowering the per-share price from ~$1,200 to ~$120 while keeping total market capitalization unchanged.
How much cash and marketable debt securities did NVIDIA hold in Q2 FY2027?
At July 26, 2026, NVIDIA reported $22.4 billion of cash and cash equivalents and $34.1 billion of current marketable debt securities, totaling about $56.6 billion. It reported $33.4 billion of short- and long-term debt separately. Marketable equity securities are excluded from that cash-and-debt-securities total.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "NVIDIA Revenue & Financials." CorpDigest, https://corpdigest.com/company/nvidia/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>NVIDIA reported $215.9B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/nvidia/financials" target="_blank" rel="noopener">CorpDigest — NVIDIA financials</a></div>Related Financial Audits
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