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NVIDIA (NVDA) FY2022 results: revenue $26.9 billion, up 61.4% on the year

NVIDIA Corp. (NVDA) reported revenue of $26.9 billion for fiscal 2022, the year ended 30 January 2022, up 61.4% on the year before. Net income was $9.8 billion, up 125.1%, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2022.

Revenue
$26.9 billion
+61.4% on the year
FY2015FY2022
Operating margin
37.3%
27.2% a year earlier
FY2015FY2022
Net income
$9.8 billion
+125.1% on the year
FY2015FY2022
Diluted EPS
$0.39
+123.2% on the year
FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue26,91416,67510,918+61.4%
Cost of revenue9,4396,2794,150+50.3%
Gross profit17,47510,3966,768+68.1%
Gross margin64.9%62.3%62.0%
Research and development5,2683,9242,829+34.3%
Selling, general and administrative2,1661,9401,093+11.6%
Operating income10,0414,5322,846+121.6%
Operating margin37.3%27.2%26.1%
Interest expense23618452.0+28.3%
Pre-tax income9,9414,4092,970+125.5%
Income tax18977.0174+145.5%
Effective tax rate1.9%1.7%5.9%
Net income9,7524,3322,796+125.1%
Net margin36.2%26.0%25.6%
Diluted EPS$0.39$0.17$0.11+123.2%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow9,1085,8224,761+56.4%
Capital expenditure976n/an/a
Free cash flow8,132n/an/a
Free cash flow margin30.2%n/an/a
Cash from investing-9,830-19,6756,145
Cash from financing1,8653,804-792-51.0%
Depreciation and amortisation1,1741,098381+6.9%
Share-based compensation2,0041,397844+43.5%
Buybacks0.00.00.0
Dividends paid399395390+1.0%
Dividend per share$0.02$0.02$0.020.0%
Diluted shares, weighted25,350m25,120m24,720m+0.9%
Shares outstanding at period end25,060m24,800m24,480m+1.0%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity26,61216,89312,204+57.5%
Debt10,9466,9631,991+57.2%
Operating lease liabilities741634561+16.9%
Other liabilities5,8884,3012,559+36.9%
Total liabilities and equity44,18728,79117,315+53.5%
Fixed assets2,7782,1491,674+29.3%
Goodwill4,3494,193618+3.7%
Intangible assets2,3392,73749.0-14.5%
Investments19,21810,7141.0+79.4%
Cash and equivalents1,99084710,896+134.9%
Receivables4,6502,4291,657+91.4%
Inventory2,6051,826979+42.7%
Other assets6,2583,8961,441+60.6%
Total assets44,18728,79117,315+53.5%

10-K for the year ended 30 January 2022, filed 18 March 2022: the filing.