Stock Analysis on Net
Stock Analysis on Net

NVIDIA Corp. (NASDAQ:NVDA)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

US$ in millions

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Jul 26, 2026 Apr 26, 2026 Jan 25, 2026 Oct 26, 2025 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
Accounts payable
Accrued and other current liabilities
Short-term debt
Current liabilities
Long-term debt
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock
Common stock
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Retained earnings
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 10-Q (reporting date: 2026-07-26), 10-Q (reporting date: 2026-04-26), 10-K (reporting date: 2026-01-25), 10-Q (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-K (reporting date: 2025-01-26), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26).


The financial position is characterized by an expansive growth trajectory in both total liabilities and shareholders' equity over the analyzed period. Total liabilities grew from 10,155 million USD in April 2020 to 91,288 million USD by July 2026, while shareholders' equity experienced a more profound escalation, rising from 13,099 million USD to 228,984 million USD.

Current Liabilities and Operational Obligations
Current liabilities exhibited significant growth, increasing from 1,903 million USD in April 2020 to 43,019 million USD by July 2026. This trend is primarily driven by a surge in accounts payable and accrued and other current liabilities. Accounts payable rose from 761 million USD to 15,059 million USD, indicating a substantial increase in procurement activities and supply chain scaling. Accrued liabilities followed a similar trajectory, peaking at 26,960 million USD in July 2026, reflecting higher operational costs and short-term obligations associated with rapid scaling.
Long-term Debt and Liability Structure
Long-term debt remained relatively stable for several years, fluctuating between 5,963 million USD and 10,947 million USD from 2020 through 2025. However, a sharp inflection point occurred in July 2026, where long-term debt increased abruptly to 32,366 million USD. This suggests a strategic shift in financing or a significant capital expenditure requirement toward the end of the period. Other long-term liabilities and operating lease liabilities also showed a consistent upward trend, indicating a gradual expansion of the physical and contractual infrastructure.
Equity Growth and Retained Earnings
Shareholders' equity grew aggressively, primarily fueled by the accumulation of retained earnings. Retained earnings increased from 15,790 million USD in April 2020 to 219,157 million USD in July 2026, signifying immense profitability and the reinvestment of earnings back into the organization. In contrast, additional paid-in capital remained relatively stagnant or declined slightly after 2021, suggesting that equity growth is being driven by internal profit generation rather than external capital raises.
Solvency and Capitalization Patterns
The balance sheet demonstrates a strengthening solvency profile for the majority of the period, as the growth in shareholders' equity significantly outpaced the growth in total liabilities. Despite the increase in total liabilities to 91,288 million USD, the equity base of 228,984 million USD provides a substantial cushion. The sudden spike in long-term debt in the final quarter of the dataset slightly alters the leverage ratio, yet the overall capitalization remains heavily equity-weighted due to the massive buildup of retained earnings.