Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

NVIDIA Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Jul 27, 2025	Apr 27, 2025	Jan 26, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Accounts payable	9,064)	7,331)	6,310)	5,353)	3,680)	2,715)	2,699)	2,380)	1,929)	1,141)	1,193)	1,491)	2,421)	1,999)	1,783)	1,664)	1,474)	1,218)	1,201)	1,097)	893)	761)	687)	591)	437)	368)
Accrued and other current liabilities	15,193)	19,211)	11,737)	11,126)	10,289)	11,258)	6,682)	5,472)	7,156)	4,869)	4,120)	4,115)	3,903)	3,563)	2,552)	1,948)	1,974)	1,787)	1,725)	1,574)	1,517)	1,142)	1,097)	884)	880)	815)
Short-term debt	—)	—)	—)	—)	—)	1,250)	1,250)	1,249)	1,249)	1,250)	1,250)	1,249)	1,249)	—)	—)	—)	1,000)	999)	999)	998)	—)	—)	—)	—)	—)	—)
Current liabilities	24,257)	26,542)	18,047)	16,479)	13,969)	15,223)	10,631)	9,101)	10,334)	7,260)	6,563)	6,855)	7,573)	5,562)	4,335)	3,612)	4,448)	4,004)	3,925)	3,669)	2,410)	1,903)	1,784)	1,475)	1,317)	1,183)
Long-term debt	8,466)	8,464)	8,463)	8,462)	8,461)	8,460)	8,459)	8,457)	8,456)	9,704)	9,703)	9,701)	9,700)	10,947)	10,946)	10,944)	10,943)	5,964)	5,964)	5,963)	6,960)	6,959)	1,991)	1,990)	1,989)	1,988)
Long-term operating lease liabilities	1,831)	1,521)	1,519)	1,490)	1,304)	1,281)	1,119)	1,091)	1,041)	939)	902)	798)	743)	752)	741)	743)	716)	640)	634)	604)	611)	519)	561)	469)	483)	486)
Other long-term liabilities	6,055)	4,884)	4,245)	3,683)	3,336)	2,966)	2,541)	2,234)	2,223)	2,037)	1,913)	1,785)	1,609)	1,631)	1,553)	1,535)	1,396)	1,414)	1,375)	1,311)	1,285)	774)	775)	662)	650)	660)
Long-term liabilities	16,352)	14,869)	14,227)	13,635)	13,101)	12,707)	12,119)	11,782)	11,720)	12,680)	12,518)	12,284)	12,052)	13,330)	13,240)	13,222)	13,055)	8,018)	7,973)	7,878)	8,856)	8,252)	3,327)	3,121)	3,122)	3,134)
Total liabilities	40,609)	41,411)	32,274)	30,114)	27,070)	27,930)	22,750)	20,883)	22,054)	19,940)	19,081)	19,139)	19,625)	18,892)	17,575)	16,834)	17,503)	12,022)	11,898)	11,547)	11,266)	10,155)	5,111)	4,596)	4,439)	4,317)
Preferred stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock	24)	24)	24)	25)	25)	2)	2)	2)	2)	2)	2)	2)	2)	3)	3)	3)	3)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Additional paid-in capital	11,200)	11,475)	11,237)	11,821)	12,115)	12,651)	13,132)	12,991)	12,629)	12,453)	11,971)	11,565)	10,968)	10,623)	10,385)	10,465)	9,745)	9,280)	8,721)	8,301)	7,828)	7,354)	7,045)	6,824)	6,543)	6,317)
Treasury stock, at cost	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(12,038)	(11,604)	(11,242)	(10,756)	(10,530)	(10,232)	(10,036)	(9,814)	(9,726)	(9,524)	(9,474)
Accumulated other comprehensive income (loss)	170)	186)	28)	103)	56)	(109)	27)	(88)	(51)	(50)	(43)	(123)	(90)	(64)	(11)	9)	8)	14)	19)	12)	4)	(10)	1)	(3)	(1)	(2)
Retained earnings	88,737)	72,158)	68,038)	53,950)	45,961)	36,598)	29,817)	20,360)	14,921)	12,115)	10,171)	9,905)	12,971)	15,758)	16,235)	25,359)	22,995)	20,721)	18,908)	17,550)	16,313)	15,790)	14,971)	14,118)	13,317)	12,862)
Shareholders’ equity	100,131)	83,843)	79,327)	65,899)	58,157)	49,142)	42,978)	33,265)	27,501)	24,520)	22,101)	21,349)	23,851)	26,320)	26,612)	23,798)	21,147)	18,774)	16,893)	15,334)	13,914)	13,099)	12,204)	11,214)	10,336)	9,704)
Total liabilities and shareholders’ equity	140,740)	125,254)	111,601)	96,013)	85,227)	77,072)	65,728)	54,148)	49,555)	44,460)	41,182)	40,488)	43,476)	45,212)	44,187)	40,632)	38,650)	30,796)	28,791)	26,881)	25,180)	23,254)	17,315)	15,810)	14,775)	14,021)

Liabilities Analysis: The total liabilities exhibit a significant upward trend, increasing from approximately $4.3 billion in early 2019 to around $41.6 billion by early 2025. This growth reflects considerable expansion in both current and long-term liabilities categories.; Current liabilities show a pronounced rise, surging from about $1.2 billion in the first quarter of 2019 to $26.5 billion by early 2025. Notable increases are visible in accounts payable and accrued and other current liabilities, with accounts payable growing from $368 million to $9.1 billion and accrued liabilities expanding from $815 million to $19.2 billion over the same period. Short-term debt appears intermittently, with values around $1.2 billion in mid to late 2022, stabilizing thereafter.; Long-term liabilities also increase substantially, nearly quintupling from approximately $3.1 billion in early 2019 to over $16.3 billion by the first quarter of 2025. This upward movement is driven mainly by long-term debt and long-term operating lease liabilities. While long-term debt spikes sharply in mid-2020 and remains elevated around $8.5 to $10.9 billion throughout the period, long-term operating lease liabilities steadily rise from $486 million to $1.8 billion. Other long-term liabilities show a consistent increase from $660 million to over $6 billion.
Shareholders’ Equity and Capital Structure: Shareholders’ equity demonstrates robust growth, starting at approximately $9.7 billion and reaching $100.1 billion by early 2025. This increase reflects rising retained earnings and additional paid-in capital. Retained earnings surge notably, particularly from 2021 onward, climbing from $16.2 billion to nearly $88.7 billion over the evaluation period.; Additional paid-in capital increases from $6.3 billion to over $11.2 billion but with some fluctuations during the later periods, suggesting episodic changes in equity contributions or share issuances.; The common stock value remains largely stable at about $2 to $3 million initially, with a marked increase to $24-$25 million in late 2023 and thereafter, likely indicating stock splits, issuances, or reclassifications.; Treasury stock data is sporadic and only reported up until mid-2021, showing a growing negative balance (cost) from approximately -$9.5 billion to -$12 billion, implying ongoing share repurchase activity in that timeframe.; Accumulated other comprehensive income (loss) fluctuates frequently between slight gains and losses but remains minor relative to overall equity.
Overall Financial Position: The company's total liabilities and shareholders’ equity rise from about $14 billion in early 2019 to nearly $141 billion by early 2025, reflecting significant business expansion, increased capitalization, and heightened financial commitments. The proportionate increase in both liabilities and equity indicates balanced financing efforts through debt and equity.; The substantial increases in accounts payable and accrued liabilities suggest expanding operations and possibly greater vendor financing or operational obligations. Meanwhile, the steady rise in long-term debt and lease liabilities points to increased long-term investments or asset acquisitions financed through borrowing.; The large increase in retained earnings indicates sustained profitability and internal capital generation, supporting the company's equity growth without sole reliance on external funding.

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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data