NVDA Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-01-26), NVDA reported revenue of $39.3B, gross profit of $28.7B (73.0% gross margin), operating income of $24.0B, and net income of $22.1B (56.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NVDA was profitable; revenue grew 77.9% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +77.9% | +79.8% | +0.6 pp |
| Quarter over quarter | +12.1% | +14.4% | +1.1 pp |
Consensus estimate data is not available for this report.
NVDA Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $39.3B | 100% |
| Cost of Revenue | −$10.6B | 27.0% |
| Gross Profit | $28.7B | 73.0% |
| Research & Development | −$3.7B | 9.4% |
| Selling, General & Administrative | −$975M | 2.5% |
| Operating Income | $24.0B | 61.1% |
| Interest Expense | −$61M | 0.2% |
| Other Income, net | $1.2B | 3.2% |
| Income Tax Expense | −$3.1B | 7.9% |
| Net Income | $22.1B | 56.2% |
Source: original SEC filing (filed 2025-02-26). Accession 0001045810-25-000021. Data normalized by EarningsFyi.