NVDA Q2 2025 Earnings — Income Statement Breakdown
For its Q2 2025 period (ending 2024-07-28), NVDA reported revenue of $30.0B, gross profit of $22.6B (75.1% gross margin), operating income of $18.6B, and net income of $16.6B (55.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; revenue grew 15.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +15.3% | +11.5% | −1.9 pp |
Consensus estimate data is not available for this report.
NVDA Q2 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $30.0B | 100% |
| Cost of Revenue | −$7.5B | 24.9% |
| Gross Profit | $22.6B | 75.1% |
| Research & Development | −$3.1B | 10.3% |
| Selling, General & Administrative | −$842M | 2.8% |
| Operating Income | $18.6B | 62.1% |
| Interest Expense | −$61M | 0.2% |
| Other Income, net | $633M | 2.1% |
| Income Tax Expense | −$2.6B | 8.7% |
| Net Income | $16.6B | 55.3% |
Source: original SEC filing (filed 2024-08-28). Accession 0001045810-24-000262. Data normalized by EarningsFyi.