Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

NVIDIA Corp., consolidated income statement

US$ in millions

12 months ended:	Jan 26, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Jan 26, 2020
Revenue	130,497)	60,922)	26,974)	26,914)	16,675)	10,918)
Cost of revenue	(32,639)	(16,621)	(11,618)	(9,439)	(6,279)	(4,150)
Gross profit	97,858)	44,301)	15,356)	17,475)	10,396)	6,768)
Research and development	(12,914)	(8,675)	(7,339)	(5,268)	(3,924)	(2,829)
Sales, general and administrative	(3,491)	(2,654)	(2,440)	(2,166)	(1,940)	(1,093)
Acquisition termination cost	—)	—)	(1,353)	—)	—)	—)
Operating expenses	(16,405)	(11,329)	(11,132)	(7,434)	(5,864)	(3,922)
Operating income	81,453)	32,972)	4,224)	10,041)	4,532)	2,846)
Interest income	1,786)	866)	267)	29)	57)	178)
Interest expense	(247)	(257)	(262)	(236)	(184)	(52)
Other, net	1,034)	237)	(48)	107)	4)	(2)
Other income (expense), net	2,573)	846)	(43)	(100)	(123)	124)
Income before income tax	84,026)	33,818)	4,181)	9,941)	4,409)	2,970)
Income tax (expense) benefit	(11,146)	(4,058)	187)	(189)	(77)	(174)
Net income	72,880)	29,760)	4,368)	9,752)	4,332)	2,796)

Based on: 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	NVIDIA Corp. revenue increased from 2023 to 2024 and from 2024 to 2025.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	NVIDIA Corp. operating income increased from 2023 to 2024 and from 2024 to 2025.
Income before income tax	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	NVIDIA Corp. income before income tax increased from 2023 to 2024 and from 2024 to 2025.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	NVIDIA Corp. net income increased from 2023 to 2024 and from 2024 to 2025.

NVIDIA Corp. (NASDAQ:NVDA)

Income Statement