NVDA Q4 2024 Earnings — Income Statement Breakdown
For its Q4 2024 period (ending 2024-01-28), NVDA reported revenue of $22.1B, gross profit of $16.8B (76.0% gross margin), operating income of $13.6B, and net income of $12.3B (55.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; revenue grew 22.0% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +22.0% | +32.9% | +4.6 pp |
Consensus estimate data is not available for this report.
NVDA Q4 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $22.1B | 100% |
| Cost of Revenue | −$5.3B | 24.0% |
| Gross Profit | $16.8B | 76.0% |
| Research & Development | −$2.5B | 11.2% |
| Selling, General & Administrative | −$711M | 3.2% |
| Operating Income | $13.6B | 61.6% |
| Interest Expense | −$63M | 0.3% |
| Other Income, net | $554M | 2.5% |
| Income Tax Expense | −$1.8B | 8.2% |
| Net Income | $12.3B | 55.6% |
Source: original SEC filing (filed 2024-02-21). Accession 0001045810-24-000028. Data normalized by EarningsFyi.