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

	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	9,812)	8,624)	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)
Accrued and other current liabilities	21,352)	16,452)	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)
Short-term debt	999)	999)	—)	—)	—)	—)	—)	1,250)	1,250)	1,249)	1,249)	1,250)	1,250)	1,249)	1,249)	—)	—)	—)	1,000)	999)	999)	998)	—)	—)
Current liabilities	32,163)	26,075)	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)
Long-term debt	7,469)	7,468)	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)
Long-term operating lease liabilities	2,572)	2,014)	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)
Other long-term liabilities	7,306)	6,694)	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)
Long-term liabilities	17,347)	16,176)	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)
Total liabilities	49,510)	42,251)	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)
Preferred stock	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock	24)	24)	24)	24)	24)	25)	25)	2)	2)	2)	2)	2)	2)	2)	2)	3)	3)	3)	3)	1)	1)	1)	1)	1)
Additional paid-in capital	10,118)	10,626)	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)
Treasury stock, at cost	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(12,038)	(11,604)	(11,242)	(10,756)	(10,530)	(10,232)	(10,036)
Accumulated other comprehensive income (loss)	178)	339)	170)	186)	28)	103)	56)	(109)	27)	(88)	(51)	(50)	(43)	(123)	(90)	(64)	(11)	9)	8)	14)	19)	12)	4)	(10)
Retained earnings	146,973)	107,908)	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)
Shareholders’ equity	157,293)	118,897)	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)
Total liabilities and shareholders’ equity	206,803)	161,148)	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)

Overall, the balance sheet reveals a significant increase in both total liabilities and shareholders’ equity over the observed period. While liabilities generally trended upward, there were periods of fluctuation, particularly in accounts payable and accrued liabilities. Shareholders’ equity demonstrated consistent growth, driven primarily by increases in retained earnings and, more recently, common stock. A notable surge in several liability accounts occurred in the latter half of the period, coinciding with substantial growth in shareholders’ equity.

Current Liabilities: Current liabilities exhibited a general upward trend from approximately US$1.9 billion in April 2020 to US$18.0 billion in January 2025, before decreasing to US$11.7 billion in July 2025. Accounts payable and accrued and other current liabilities were the primary drivers of this increase. Accounts payable nearly quadrupled from US$0.76 billion to US$3.68 billion between April 2020 and July 2024, with fluctuations observed in late 2022 and early 2023. Accrued and other current liabilities demonstrated a more substantial increase, rising from US$1.14 billion to US$19.2 billion over the same period. Short-term debt remained relatively stable at around US$1.0 billion for most of the period, with a temporary increase to US$1.25 billion in early 2022.
Long-Term Liabilities: Long-term liabilities showed a more moderate increase initially, from US$8.25 billion in April 2020 to US$12.28 billion in October 2022. Long-term debt remained relatively stable around US$10 billion for much of the period, with a significant increase to US$13.05 billion in August 2021 before returning to around US$8.5 billion. Long-term operating lease liabilities increased steadily from US$0.52 billion to US$2.57 billion by October 2025. Other long-term liabilities also increased, from US$0.77 billion to US$7.31 billion by October 2025. The combined effect of these components resulted in a substantial increase in total long-term liabilities.
Shareholders’ Equity: Shareholders’ equity experienced consistent growth throughout the period, increasing from US$13.1 billion in April 2020 to US$157.3 billion in October 2025. Retained earnings were the primary contributor to this growth, rising from US$15.79 billion to US$146.97 billion. Additional paid-in capital also increased significantly, from US$7.35 billion to US$10.12 billion, before a substantial increase to US$12.66 billion in April 2024. Treasury stock, at cost, consistently decreased, representing a reduction in equity. A significant increase in common stock was observed in July 2024, contributing to the overall growth in shareholders’ equity. Accumulated other comprehensive income (loss) fluctuated, but generally remained relatively small compared to other equity components.
Total Liabilities and Equity: The sum of total liabilities and shareholders’ equity increased substantially, from US$23.3 billion in April 2020 to US$206.8 billion in October 2025. This growth reflects the combined effect of increasing liabilities and a significant expansion of shareholders’ equity. The most rapid growth occurred in the latter half of the period, indicating accelerated financial activity and expansion.

In summary, the balance sheet demonstrates a period of substantial growth for the company, characterized by increasing liabilities and a significant expansion of shareholders’ equity. The increases in both current and long-term liabilities suggest increased operational activity and financing needs, while the growth in shareholders’ equity indicates strong profitability and investment.

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NVIDIA Corp. (NASDAQ:NVDA)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data