NVIDIA (NVDA) FY2024 results: revenue $60.9 billion, up 125.9% on the year
NVIDIA Corp. (NVDA) reported revenue of $60.9 billion for fiscal 2024, the year ended 28 January 2024, up 125.9% on the year before. Net income was $29.8 billion, up 581.3%, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$60.9 billion
+125.9% on the year
FY2017FY2024
Operating margin
54.1%
15.7% a year earlier
FY2017FY2024
Net income
$29.8 billion
+581.3% on the year
FY2017FY2024
Diluted EPS
$1.19
+585.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
28,090
5,641
9,108
+398.0%
Capital expenditure
1,069
1,833
976
-41.7%
Free cash flow
27,021
3,808
8,132
+609.6%
Free cash flow margin
44.4%
14.1%
30.2%
Cash from investing
-10,566
7,375
-9,830
Cash from financing
-13,633
-11,617
1,865
Depreciation and amortisation
1,508
1,544
1,174
-2.3%
Share-based compensation
3,549
2,709
2,004
+31.0%
Buybacks
9,533
10,039
0.0
-5.0%
Dividends paid
395
398
399
-0.8%
Dividend per share
$0.02
$0.02
$0.02
0.0%
Diluted shares, weighted
24,940m
25,070m
25,350m
-0.5%
Shares outstanding at period end
24,640m
24,660m
25,060m
-0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
42,978
22,101
26,612
+94.5%
Debt
9,709
10,953
10,946
-11.4%
Operating lease liabilities
1,119
902
741
+24.1%
Other liabilities
11,922
7,226
5,888
+65.0%
Total liabilities and equity
65,728
41,182
44,187
+59.6%
Fixed assets
3,914
3,807
2,778
+2.8%
Goodwill
4,430
4,372
4,349
+1.3%
Intangible assets
1,112
1,676
2,339
-33.7%
Investments
18,704
9,907
19,218
+88.8%
Cash and equivalents
7,280
3,389
1,990
+114.8%
Receivables
9,999
3,827
4,650
+161.3%
Inventory
5,282
5,159
2,605
+2.4%
Other assets
15,007
9,045
6,258
+65.9%
Total assets
65,728
41,182
44,187
+59.6%
10-K for the year ended 28 January 2024, filed 21 February 2024: the filing.