NVIDIA Corporation (NVDA) financial statements: income statement, balance sheet and cash flow
NVIDIA Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 25, 2026 · FY), NVIDIA Corporation reported revenue of $215.9B (+65.5% year on year) and net income of $120.1B (+64.7% year on year).
Income statement
NVIDIA Corporation income statement, fiscal years
Line item
Jan 25, 2026 · FY
Jan 26, 2025 · FY
Jan 28, 2024 · FY
Jan 29, 2023 · FY
Revenue
$215.9B
$130.5B
$60.9B
$27.0B
Cost of revenue
$62.5B
$32.6B
$16.6B
$11.6B
Gross profit
$153.5B
$97.9B
$44.3B
$15.4B
Research and development
$18.5B
$12.9B
$8.7B
$7.3B
Sales, general and administrative
$4.6B
$3.5B
$2.7B
$2.4B
Total operating expenses
$23.1B
$16.4B
$11.3B
$11.1B
Operating income
$130.4B
$81.5B
$33.0B
$4.2B
Interest income
$2.3B
$1.8B
$866.0M
$267.0M
Interest expense
($259.0M)
($247.0M)
($257.0M)
($262.0M)
Other income, net
$9.0B
$1.0B
$237.0M
($48.0M)
Total other income, net
$11.1B
$2.6B
$846.0M
($43.0M)
Income before income tax
$141.4B
$84.0B
$33.8B
$4.2B
Income tax expense
$21.4B
$11.1B
$4.1B
($187.0M)
Net income
$120.1B
$72.9B
$29.8B
$4.4B
Basic (in USD per share)
$4.93
$2.97
$12.05
$1.76
Diluted (in USD per share)
$4.90
$2.94
$11.93
$1.74
Basic (in shares)
24.4B
24.6B
2.5B
2.5B
Diluted (in shares)
24.5B
24.8B
2.5B
2.5B
NVIDIA Corporation income statement, quarters
Line item
Jul 26, 2026 · Q2
Apr 26, 2026 · Q1
Oct 26, 2025 · Q3
Jul 27, 2025 · Q2
Revenue
$96.2B
$81.6B
$57.0B
$46.7B
Cost of revenue
$24.1B
$20.5B
$15.2B
$12.9B
Gross profit
$72.1B
$61.2B
$41.8B
$33.9B
Research and development
$7.1B
$6.3B
$4.7B
$4.3B
Sales, general and administrative
$1.4B
$1.3B
$1.1B
$1.1B
Total operating expenses
$8.4B
$7.6B
$5.8B
$5.4B
Operating income
$63.7B
$53.5B
$36.0B
$28.4B
Other income, net
$7.8B
$16.4B
$1.4B
$2.8B
Income before income tax
$71.5B
$69.9B
$37.9B
$31.2B
Income tax expense
$11.8B
$11.6B
$6.0B
$4.8B
Net income
$59.7B
$58.3B
$31.9B
$26.4B
Basic (in dollars per share)
$2.47
$2.40
$1.31
$1.08
Diluted (in dollars per share)
$2.46
$2.39
$1.30
$1.08
Basic (in shares)
24.2B
24.3B
24.3B
24.4B
Diluted (in shares)
24.3B
24.4B
24.5B
24.5B
Balance sheet
NVIDIA Corporation balance sheet, fiscal years
Line item
Jan 25, 2026 · FY
Jan 26, 2025 · FY
Jan 28, 2024 · FY
Jan 29, 2023 · FY
Cash and cash equivalents
$10.6B
$8.6B
$7.3B
$3.4B
Marketable securities
$52.0B
$34.6B
$18.7B
$9.9B
Accounts receivable, net
$38.5B
$23.1B
$10.0B
$3.8B
Inventories
$21.4B
$10.1B
$5.3B
$5.2B
Prepaid expenses and other current assets
$3.2B
$3.8B
$3.1B
$791.0M
Total current assets
$125.6B
$80.1B
$44.3B
$23.1B
Property and equipment, net
$10.4B
$6.3B
$3.9B
$3.8B
Operating lease assets
$2.9B
$1.8B
$1.3B
$1.0B
Goodwill
$20.8B
$5.2B
$4.4B
$4.4B
Intangible assets, net
$3.3B
$807.0M
$1.1B
$1.7B
Deferred income tax assets
$13.3B
$11.0B
$6.1B
$3.4B
Non-marketable equity securities
$22.3B
—
—
—
Other assets
$8.3B
$6.4B
$4.5B
$3.8B
Total assets
$206.8B
$111.6B
$65.7B
$41.2B
Accounts payable
$9.8B
$6.3B
$2.7B
$1.2B
Accrued and other current liabilities
$21.4B
$11.7B
$6.7B
$4.1B
Short-term debt
$999.0M
$0
$1.3B
$1.3B
Total current liabilities
$32.2B
$18.0B
$10.6B
$6.6B
Long-term debt
$7.5B
$8.5B
$8.5B
$9.7B
Long-term operating lease liabilities
$2.6B
$1.5B
$1.1B
$902.0M
Other long-term liabilities
$7.3B
$4.2B
$2.5B
$1.9B
Total liabilities
$49.5B
$32.3B
$22.8B
$19.1B
Commitments and contingencies - see Note 12
$0
$0
—
—
Preferred stock, $0.001 par value; 2 shares authorized; none issued
0
0
0
0
Common stock, $0.001 par value; 80,000 shares authorized; 24,304 shares issued and outstanding as of January 25, 2026; 24,477 shares issued and outstanding as of January 26, 2025
24.0M
24.0M
2.0M
2.0M
Additional paid-in capital
$10.1B
$11.2B
$13.1B
$12.0B
Accumulated other comprehensive income
$178.0M
$28.0M
$27.0M
($43.0M)
Retained earnings
$147.0B
$68.0B
$29.8B
$10.2B
Total shareholders' equity
$157.3B
$79.3B
$43.0B
$22.1B
Total liabilities and shareholders' equity
$206.8B
$111.6B
$65.7B
$41.2B
NVIDIA Corporation balance sheet, quarters
Line item
Jul 26, 2026
Apr 26, 2026
Oct 26, 2025
Jul 27, 2025
Cash and cash equivalents
$22.4B
$13.2B
$11.5B
$11.6B
Marketable debt securities
$34.1B
$37.1B
—
—
Marketable equity securities
$42.8B
$30.2B
—
—
Accounts receivable, net
$63.1B
$40.7B
$33.4B
$27.8B
Inventories
$31.6B
$25.8B
$19.8B
$15.0B
Prepaid expenses and other current assets
$3.4B
$3.9B
$2.7B
$2.7B
Total current assets
$197.4B
$151.0B
$116.5B
$102.2B
Property and equipment, net
$14.3B
$12.4B
$9.8B
$9.1B
Operating lease assets
$5.4B
$4.3B
$2.3B
$2.1B
Goodwill
$21.1B
$20.9B
$6.3B
$5.8B
Intangible assets, net
$3.0B
$3.1B
$936.0M
$755.0M
Deferred income tax assets
$12.2B
$11.7B
$13.7B
$13.6B
Non-marketable securities
$51.2B
$43.4B
—
—
Other assets
$15.7B
$12.7B
$11.7B
$7.2B
Total assets
$320.3B
$259.5B
$161.1B
$140.7B
Accounts payable
$15.1B
$13.1B
$8.6B
$9.1B
Accrued and other current liabilities
$27.0B
$29.8B
$16.5B
$15.2B
Short-term debt
$1.0B
$1.0B
$999.0M
—
Total current liabilities
$43.0B
$43.9B
$26.1B
$24.3B
Long-term debt
$32.4B
$7.5B
$7.5B
$8.5B
Long-term operating lease liabilities
$5.0B
$3.9B
$2.0B
$1.8B
Other long-term liabilities
$10.9B
$8.8B
$6.7B
$6.1B
Total liabilities
$91.3B
$64.0B
$42.3B
$40.6B
Preferred stock
$0
$0
$0
$0
Common stock
$24.0M
$24.0M
$24.0M
$24.0M
Additional paid-in capital
$9.8B
$10.3B
$10.6B
$11.2B
Accumulated other comprehensive income (loss)
($25.0M)
$137.0M
$339.0M
$170.0M
Retained earnings
$219.2B
$185.0B
$107.9B
$88.7B
Total shareholders’ equity
$229.0B
$195.5B
$118.9B
$100.1B
Total liabilities and shareholders’ equity
$320.3B
$259.5B
$161.1B
$140.7B
Cash flow statement
NVIDIA Corporation cash flow statement, fiscal years
Line item
Jan 25, 2026 · FY
Jan 26, 2025 · FY
Jan 28, 2024 · FY
Jan 29, 2023 · FY
Net income
$120.1B
$72.9B
$29.8B
$4.4B
Stock-based compensation expense
$6.4B
$4.7B
$3.5B
$2.7B
Depreciation and amortization
$2.8B
$1.9B
$1.5B
$1.5B
Gains on non-marketable equity securities and publicly-held equity securities, net
($8.9B)
($1.0B)
($238.0M)
$45.0M
Deferred income taxes
($1.4B)
($4.5B)
($2.5B)
($2.2B)
Other
($287.0M)
($502.0M)
($278.0M)
($7.0M)
Accounts receivable
($15.4B)
($13.1B)
($6.2B)
$822.0M
Inventories
($11.3B)
($4.8B)
($98.0M)
($2.6B)
Prepaid expenses and other assets
$577.0M
($395.0M)
($1.5B)
($1.5B)
Accounts payable
$3.1B
$3.4B
$1.5B
($551.0M)
Accrued and other current liabilities
$5.3B
$4.3B
$2.0B
$1.3B
Other long-term liabilities
$1.8B
$1.2B
$514.0M
$252.0M
Net cash provided by operating activities
$102.7B
$64.1B
$28.1B
$5.6B
Proceeds from sales of marketable securities
$15.2B
$495.0M
$50.0M
$1.8B
Proceeds from maturities of marketable securities
$11.2B
$11.2B
$9.7B
$19.4B
Proceeds from sales of non-marketable equity securities
$84.0M
$171.0M
—
—
Purchases of marketable securities
($40.6B)
($26.6B)
($18.2B)
($11.9B)
Purchases of non-marketable equity securities
($17.5B)
($1.5B)
—
—
Groq, Inc.
($13.0B)
—
—
—
Purchases related to property and equipment and intangible assets
($6.0B)
($3.2B)
($1.1B)
($1.8B)
Acquisitions, net of cash acquired
($1.5B)
($1.0B)
($83.0M)
($49.0M)
Other
$0
$22.0M
($985.0M)
($77.0M)
Net cash used in investing activities
($52.2B)
($20.4B)
($10.6B)
$7.4B
Proceeds related to employee stock plans
$644.0M
$490.0M
$403.0M
$355.0M
Payments related to repurchases of common stock
($40.1B)
($33.7B)
($9.5B)
($10.0B)
Payments related to employee stock plan taxes
($7.9B)
($6.9B)
($2.8B)
($1.5B)
Dividends paid
($974.0M)
($834.0M)
($395.0M)
($398.0M)
Principal payments on property and equipment and intangible assets
($101.0M)
($129.0M)
($74.0M)
—
Repayment of debt
$0
($1.3B)
($1.3B)
$0
Other
($9.0M)
$0
($1.0M)
($2.0M)
Net cash used in financing activities
($48.5B)
($42.4B)
($13.6B)
($11.6B)
Change in cash and cash equivalents
$2.0B
$1.3B
$3.9B
$1.4B
Cash and cash equivalents at beginning of period
$8.6B
$7.3B
$3.4B
$2.0B
Cash and cash equivalents at end of period
$10.6B
$8.6B
$7.3B
$3.4B
Cash paid for income taxes, net
$20.3B
$15.1B
$6.5B
$1.4B
NVIDIA Corporation cash flow statement, quarters
Line item
Jul 26, 2026 · YTD
Apr 26, 2026 · Q1
Oct 26, 2025 · YTD
Jul 27, 2025 · YTD
Net income
$118.0B
$58.3B
$77.1B
$45.2B
Stock-based compensation expense
$4.0B
$1.9B
$4.8B
$3.1B
Depreciation and amortization
$2.1B
$997.0M
$2.0B
$1.3B
Deferred income taxes
$982.0M
$1.6B
($2.0B)
($2.2B)
Gains from equity securities, net
($23.7B)
($15.9B)
($3.4B)
($2.1B)
Other
$222.0M
($94.0M)
($276.0M)
($196.0M)
Accounts receivable
($24.6B)
($2.2B)
($10.3B)
($4.7B)
Inventories
($10.2B)
($4.4B)
($9.7B)
($4.9B)
Prepaid expenses and other assets
($6.5B)
($983.0M)
$857.0M
$946.0M
Accounts payable
$4.1B
$2.2B
$2.0B
$2.3B
Accrued and other current liabilities
$8.0B
$7.8B
$4.2B
$3.1B
Other long-term liabilities
$2.0B
$1.2B
$1.3B
$979.0M
Net cash provided by operating activities
$74.4B
$50.3B
$66.5B
$42.8B
Proceeds from sales and maturities of debt securities
$26.6B
—
—
—
Proceeds from sales of equity securities
$7.2B
—
—
—
Purchases of debt securities
($42.4B)
—
—
—
Purchases of debt securities
($21.8B)
—
($20.1B)
($14.4B)
Purchases related to property and equipment and intangible assets
($4.4B)
($1.8B)
($4.8B)
($3.1B)
Acquisitions, net of cash acquired
($298.0M)
($87.0M)
($1.4B)
($677.0M)
Other
($15.0M)
—
—
—
Net cash used in investing activities
($35.1B)
($26.4B)
($21.4B)
($12.3B)
Proceeds related to issuance of debt, net of costs
$24.9B
—
—
—
Proceeds related to employee stock plans
$515.0M
$515.0M
$643.0M
$370.0M
Payments related to repurchases of common stock
($39.0B)
($19.3B)
($36.3B)
($23.8B)
Dividends paid
($6.3B)
($243.0M)
($732.0M)
($488.0M)
Payments related to employee stock plan taxes
($4.5B)
($2.1B)
($5.8B)
($3.4B)
Groq, Inc.
($2.9B)
—
—
—
Principal payments on property and equipment and intangible assets