Stocks · Technology · Semiconductors & Related Devices

NVIDIA Corporation

NVDA Clue Score72
United States Fiscal year ends January CIK 0001045810
$226.32 -1.29% Close, 12 Oct 2026
Price $226.32 +9.49% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue6.91Operating income1.93Net income1.67EPS, diluted2.57Fiscal year 2018Revenue9.71 +40.6%Operating income3.21Net income3.05 +82.9%EPS, diluted4.82Fiscal year 2019Revenue11.72 +20.6%Operating income3.80Net income4.14 +35.9%EPS, diluted6.63Fiscal year 2020Revenue10.92 −6.8%Operating income2.85Net income2.80 −32.5%EPS, diluted1.13Fiscal year 2021Revenue16.68 +52.7%Operating income4.53Net income4.33 +54.9%EPS, diluted1.73Fiscal year 2022Revenue26.91 +61.4%Operating income10.04Net income9.75 +125.1%EPS, diluted3.85Fiscal year 2023Revenue26.97 +0.2%Operating income4.22Net income4.37 −55.2%EPS, diluted0.17Fiscal year 2024Revenue60.92 +125.9%Operating income32.97Net income29.76 +581.3%EPS, diluted1.19Fiscal year 2025Revenue130.50 +114.2%Operating income81.45Net income72.88 +144.9%EPS, diluted2.94Fiscal year 2026Revenue215.94 +65.5%Operating income130.39Net income120.07 +64.7%EPS, diluted4.90
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 6.91 9.71 11.72 10.92 16.68 26.91 26.97 60.92 130.50 215.94
Growth +40.6% +20.6% −6.8% +52.7% +61.4% +0.2% +125.9% +114.2% +65.5%
Operating income 1.93 3.21 3.80 2.85 4.53 10.04 4.22 32.97 81.45 130.39
Net income 1.67 3.05 4.14 2.80 4.33 9.75 4.37 29.76 72.88 120.07
Growth +82.9% +35.9% −32.5% +54.9% +125.1% −55.2% +581.3% +144.9% +64.7%
EPS, diluted 2.57 4.82 6.63 1.13 1.73 3.85 0.17 1.19 2.94 4.90

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin58.8%Operating margin28.0%Net margin24.1%Fiscal year 2018Gross margin59.9%Operating margin33.0%Net margin31.4%Fiscal year 2019Gross margin61.2%Operating margin32.5%Net margin35.3%Fiscal year 2020Gross margin62.0%Operating margin26.1%Net margin25.6%Fiscal year 2021Gross margin62.3%Operating margin27.2%Net margin26.0%Fiscal year 2022Gross margin64.9%Operating margin37.3%Net margin36.2%Free cash flow margin30.2%Fiscal year 2023Gross margin56.9%Operating margin15.7%Net margin16.2%Free cash flow margin14.1%Fiscal year 2024Gross margin72.7%Operating margin54.1%Net margin48.8%Free cash flow margin44.4%Fiscal year 2025Gross margin75.0%Operating margin62.4%Net margin55.8%Free cash flow margin46.6%Fiscal year 2026Gross margin71.1%Operating margin60.4%Net margin55.6%Free cash flow margin44.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 58.8% 59.9% 61.2% 62.0% 62.3% 64.9% 56.9% 72.7% 75.0% 71.1%
Operating margin 28.0% 33.0% 32.5% 26.1% 27.2% 37.3% 15.7% 54.1% 62.4% 60.4%
Net margin 24.1% 31.4% 35.3% 25.6% 26.0% 36.2% 16.2% 48.8% 55.8% 55.6%
Free cash flow margin n/a n/a n/a n/a n/a 30.2% 14.1% 44.4% 46.6% 44.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow1.67Buybacks−0.74Dividends paid−0.26Fiscal year 2018Operating cash flow3.50Buybacks−0.91Dividends paid−0.34Fiscal year 2019Operating cash flow3.74Buybacks−1.58Dividends paid−0.37Fiscal year 2020Operating cash flow4.76Buybacks0.00Dividends paid−0.39Fiscal year 2021Operating cash flow5.82Buybacks0.00Dividends paid−0.40Fiscal year 2022Operating cash flow9.11Capital expenditure−0.98Free cash flow8.13Buybacks0.00Dividends paid−0.40Fiscal year 2023Operating cash flow5.64Capital expenditure−1.83Free cash flow3.81 −53.2%Buybacks−10.04Dividends paid−0.40Fiscal year 2024Operating cash flow28.09Capital expenditure−1.07Free cash flow27.02 +609.6%Buybacks−9.53Dividends paid−0.40Fiscal year 2025Operating cash flow64.09Capital expenditure−3.24Free cash flow60.85 +125.2%Buybacks−33.71Dividends paid−0.83Fiscal year 2026Operating cash flow102.72Capital expenditure−6.04Free cash flow96.68 +58.9%Buybacks−40.09Dividends paid−0.97
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 1.67 3.50 3.74 4.76 5.82 9.11 5.64 28.09 64.09 102.72
Capital expenditure n/a n/a n/a n/a n/a −0.98 −1.83 −1.07 −3.24 −6.04
Free cash flow n/a n/a n/a n/a n/a 8.13 3.81 27.02 60.85 96.68
Growth −53.2% +609.6% +125.2% +58.9%
Buybacks −0.74 −0.91 −1.58 0.00 0.00 0.00 −10.04 −9.53 −33.71 −40.09
Dividends paid −0.26 −0.34 −0.37 −0.39 −0.40 −0.40 −0.40 −0.40 −0.83 −0.97

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1.77Total debt1.98Net cash (debt)−0.22Shareholders’ equity5.76Debt to equity0.34Fiscal year 2018Cash4.00Total debt1.99Net cash (debt)2.02Shareholders’ equity7.47Debt to equity0.27Fiscal year 2019Cash0.78Total debt1.99Net cash (debt)−1.21Shareholders’ equity9.34Debt to equity0.21Fiscal year 2020Cash10.90Total debt1.99Net cash (debt)8.91Shareholders’ equity12.20Debt to equity0.16Fiscal year 2021Cash0.85Total debt6.96Net cash (debt)−6.12Shareholders’ equity16.89Debt to equity0.41Fiscal year 2022Cash1.99Total debt10.95Net cash (debt)−8.96Shareholders’ equity26.61Debt to equity0.41Fiscal year 2023Cash3.39Total debt10.95Net cash (debt)−7.56Shareholders’ equity22.10Debt to equity0.50Fiscal year 2024Cash7.28Total debt9.71Net cash (debt)−2.43Shareholders’ equity42.98Debt to equity0.23Fiscal year 2025Cash8.59Total debt8.46Net cash (debt)0.13Shareholders’ equity79.33Debt to equity0.11Fiscal year 2026Cash10.61Total debt8.47Net cash (debt)2.14Shareholders’ equity157.29Debt to equity0.05
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1.77 4.00 0.78 10.90 0.85 1.99 3.39 7.28 8.59 10.61
Total debt 1.98 1.99 1.99 1.99 6.96 10.95 10.95 9.71 8.46 8.47
Net cash (debt) −0.22 2.02 −1.21 8.91 −6.12 −8.96 −7.56 −2.43 0.13 2.14
Shareholders’ equity 5.76 7.47 9.34 12.20 16.89 26.61 22.10 42.98 79.33 157.29
Debt to equity 0.34 0.27 0.21 0.16 0.41 0.41 0.50 0.23 0.11 0.05

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 29 Jan 2017 FY2018 28 Jan 2018 FY2019 27 Jan 2019 FY2020† 26 Jan 2020 FY2021 31 Jan 2021 FY2022 30 Jan 2022 FY2023† 29 Jan 2023 FY2024 28 Jan 2024 FY2025 26 Jan 2025 FY2026 25 Jan 2026
Assets
1.77 4.00 0.78 10.90 0.85 1.99 3.39 7.28 8.59 10.61
0.83 1.27 1.42 1.66 2.43 4.65 3.83 10.00 23.07 38.47
0.79 0.80 1.58 0.98 1.83 2.61 5.16 5.28 10.08 21.40
0.52 1.00 1.40 1.67 2.15 2.78 3.81 3.91 6.28 10.38
0.62 0.62 0.62 0.62 4.19 4.35 4.37 4.43 5.19 20.83
9.84 11.24 13.29 17.32 28.79 44.19 41.18 65.73 111.60 206.80
Growth +14.2% +18.2% +30.3% +66.3% +53.5% −6.8% +59.6% +69.8% +85.3%
Liabilities
n/a n/a n/a 0.00 1.00 0.00 1.25 1.25 0.00 1.00
1.98 1.99 1.99 1.99 5.96 10.95 9.70 8.46 8.46 7.47
calc 1.98 1.99 1.99 1.99 6.96 10.95 10.95 9.71 8.46 8.47
4.05 3.77 3.95 5.11 11.90 17.58 19.08 22.75 32.27 49.51
Equity
6.11 8.79 12.57 14.97 18.91 16.24 10.17 29.82 68.04 146.97
5.76 7.47 9.34 12.20 16.89 26.61 22.10 42.98 79.33 157.29
Growth +29.7% +25.0% +30.6% +38.4% +57.5% −17.0% +94.5% +84.6% +98.3%
Per share and net cash
calc −0.22 2.02 −1.21 8.91 −6.12 −8.96 −7.56 −2.43 0.13 2.14
585.0 606.0 606.0 612.0 2,479 2,506 2,466 24,643 24,477 24,304
calc 9.85 12.33 15.42 19.94 6.81 10.62 8.96 1.74 3.24 6.47

† The diluted share count jumps at 2020 and 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.