NVIDIA (NVDA) FY2025 results: revenue $130.5 billion, up 114.2% on the year
NVIDIA Corp. (NVDA) reported revenue of $130.5 billion for fiscal 2025, the year ended 26 January 2025, up 114.2% on the year before. Net income was $72.9 billion, up 144.9%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$130.5 billion
+114.2% on the year
FY2018FY2025
Operating margin
62.4%
54.1% a year earlier
FY2018FY2025
Net income
$72.9 billion
+144.9% on the year
FY2018FY2025
Diluted EPS
$2.94
+146.4% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
64,089
28,090
5,641
+128.2%
Capital expenditure
3,236
1,069
1,833
+202.7%
Free cash flow
60,853
27,021
3,808
+125.2%
Free cash flow margin
46.6%
44.4%
14.1%
Cash from investing
-20,421
-10,566
7,375
Cash from financing
-42,359
-13,633
-11,617
Depreciation and amortisation
1,864
1,508
1,544
+23.6%
Share-based compensation
4,737
3,549
2,709
+33.5%
Buybacks
33,706
9,533
10,039
+253.6%
Dividends paid
834
395
398
+111.1%
Dividend per share
$0.03
$0.02
$0.02
+112.5%
Diluted shares, weighted
24,804m
24,940m
25,070m
-0.5%
Shares outstanding at period end
24,477m
24,640m
24,660m
-0.7%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
79,327
42,978
22,101
+84.6%
Debt
8,463
9,709
10,953
-12.8%
Operating lease liabilities
1,519
1,119
902
+35.7%
Other liabilities
22,292
11,922
7,226
+87.0%
Total liabilities and equity
111,601
65,728
41,182
+69.8%
Fixed assets
6,283
3,914
3,807
+60.5%
Goodwill
5,188
4,430
4,372
+17.1%
Intangible assets
807
1,112
1,676
-27.4%
Investments
34,621
18,704
9,907
+85.1%
Cash and equivalents
8,589
7,280
3,389
+18.0%
Receivables
23,065
9,999
3,827
+130.7%
Inventory
10,080
5,282
5,159
+90.8%
Other assets
22,968
15,007
9,045
+53.0%
Total assets
111,601
65,728
41,182
+69.8%
10-K for the year ended 26 January 2025, filed 26 February 2025: the filing.