NVDA Q1 2025 Earnings — Income Statement Breakdown
For its Q1 2025 period (ending 2024-04-28), NVDA reported revenue of $26.0B, gross profit of $20.4B (78.4% gross margin), operating income of $16.9B, and net income of $14.9B (57.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; revenue grew 17.8% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +17.8% | +21.1% | +1.6 pp |
Consensus estimate data is not available for this report.
NVDA Q1 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $26.0B | 100% |
| Cost of Revenue | −$5.6B | 21.6% |
| Gross Profit | $20.4B | 78.4% |
| Research & Development | −$2.7B | 10.4% |
| Selling, General & Administrative | −$777M | 3.0% |
| Operating Income | $16.9B | 64.9% |
| Interest Expense | −$64M | 0.2% |
| Other Income, net | $434M | 1.7% |
| Income Tax Expense | −$2.4B | 9.2% |
| Net Income | $14.9B | 57.1% |
Source: original SEC filing (filed 2024-05-22). Accession 0001045810-24-000113. Data normalized by EarningsFyi.