NVDANasdaqSemiconductors & Related DevicesFiscal year ends January 31
NVIDIA CORP
Financials through Q2 FY2027, quarter ended Jul 26, 2026Last filing: 10-Q on Aug 26, 2026
$217.09+2.96 (+1.38%)
Close on Oct 19, 2026
- Market cap
- $5.27T
- P/E (TTM)
- 27.4
- Dividend yield
- 0.02%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
71.1%+8.7 pts over 5 years
Operating margin
60.4%+33.2 pts over 5 years
Net margin
55.6%+29.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +65.5% | +100.0% | +66.9% | +45.7% | |
| Gross profit | +56.8% | +115.4% | +71.3% | +49.2% | |
| Operating income | +60.1% | +213.7% | +95.8% | +67.6% | |
| Net income | +64.7% | +201.8% | +94.3% | +69.5% | |
| EPS, diluted | +66.7% | +206.6% | +95.2% | +68.2% | |
| Free cash flow | +58.9% | +193.9% | – | – | |
| Dividend per share | +17.6% | +35.7% | +20.1% | +15.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 32.6% | 29.8% | 101.5% | |
| Return on assets | 19.4% | 18.8% | 75.4% | |
| Current ratio | 4.77 | 4.09 | 3.91 | |
| Debt to equity | – | 0.41 | 0.05 | |
| Net debt to EBITDA | – | 1.09× | -0.02× | |
| Interest coverage | 33.3× | 24.6× | 503.4× | |
| Inventory turnover | 4.7× | 4.5× | 4.0× | |
| Capex to revenue | – | – | 2.8% | |
| Diluted shares | 25.96B | 25.10B | 24.51B |
Where the cash went
Fiscal 2022 to 2026, five years combined
Nvidia generated $209.65B from operations and spent $109.52B on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$209.65B
Used
$109.52B
Capital expenditure$13.16B12%Dividends$3.00B3%Share buybacks$93.36B85%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin55.6%
×Asset turnover1.36×
×Equity multiplier1.35×
=Return on equity, FY2026101.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 55.6% | 1.36× | 1.35× | 101.5% |
| FY2025 | 55.8% | 1.47× | 1.45× | 119.2% |
| FY2024 | 48.8% | 1.14× | 1.64× | 91.5% |
| FY2023 | 16.2% | 0.63× | 1.75× | 17.9% |
| FY2022 | 36.2% | 0.74× | 1.68× | 44.8% |
| FY2021 | 26.0% | 0.72× | 1.58× | 29.8% |
| FY2020 | 25.6% | 0.71× | 1.42× | 26.0% |
| FY2019 | 35.3% | 0.96× | 1.46× | 49.3% |
| FY2018 | 31.4% | 0.92× | 1.59× | 46.1% |
| FY2017 | 24.1% | 0.80× | 1.68× | 32.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$120.07B
- Cash generatingOperating cash flow above zero$102.72B
- Return on assets improvedROA up on the prior year110.9% → 107.6%
- Earnings backed by cashOperating cash flow above net income$102.72B vs $120.07B
- Less leverageLong-term debt to assets fell7.6% → 3.6%
- Better liquidityCurrent ratio rose4.44 → 3.91
- No dilutionShare count did not rise24.80B → 24.51B
- Gross margin improvedGross margin up on the prior year74.99% → 71.07%
- More efficientAsset turnover rose1.99 → 1.93