NVDA Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2024-10-27), NVDA reported revenue of $35.1B, gross profit of $26.2B (74.6% gross margin), operating income of $21.9B, and net income of $19.3B (55.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; revenue grew 93.6% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +93.6% | +108.9% | +4.0 pp |
| Quarter over quarter | +16.8% | +16.3% | −0.2 pp |
Consensus estimate data is not available for this report.
NVDA Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $35.1B | 100% |
| Cost of Revenue | −$8.9B | 25.4% |
| Gross Profit | $26.2B | 74.6% |
| Research & Development | −$3.4B | 9.7% |
| Selling, General & Administrative | −$897M | 2.6% |
| Operating Income | $21.9B | 62.3% |
| Interest Expense | −$61M | 0.2% |
| Other Income, net | $508M | 1.4% |
| Income Tax Expense | −$3.0B | 8.6% |
| Net Income | $19.3B | 55.0% |
Source: original SEC filing (filed 2024-11-20). Accession 0001045810-24-000315. Data normalized by EarningsFyi.