Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
NVIDIA Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2026-01-25), 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).
The statement of comprehensive income demonstrates significant fluctuations and overall growth over the observed period. Net income experienced substantial volatility, with a marked increase in recent years. Other comprehensive income also exhibits variability, though generally follows a positive trend alongside net income in the later periods.
- Net Income
- Net income increased significantly from US$4,332 million in 2021 to US$9,752 million in 2022. A substantial decrease was then observed in 2023, falling to US$4,368 million, before experiencing exponential growth in 2024, reaching US$29,760 million. This growth trajectory continued into 2025 and 2026, with net income reaching US$72,880 million and US$120,067 million respectively. The period between 2022 and 2023 represents a notable contraction, followed by a period of unprecedented expansion.
- Unrealized Gains and Losses – Available-for-Sale Debt Securities
- The net change in unrealized gain (loss) from available-for-sale debt securities shows a negative impact in 2022 and 2023, with values of -US$16 million and -US$30 million respectively. This was reversed in 2024, with a positive change of US$80 million, and continued to be positive in 2025 and 2026, reaching US$1 million and US$107 million respectively. This suggests increasing value in these securities in the later years.
- Unrealized Gains and Losses – Cash Flow Hedges
- The net change in unrealized gain (loss) related to cash flow hedges was positive in 2021 at US$18 million, then negative in subsequent years, reaching -US$14 million in 2022, -US$2 million in 2023, and -US$10 million in 2024. A positive change of US$43 million is observed in 2026, following a value of 0 in 2025. This indicates fluctuating effectiveness of the hedging strategies.
- Other Comprehensive Income
- Other comprehensive income, net of tax, was positive in 2021, 2024, 2025 and 2026, with values of US$18 million, US$70 million, US$1 million and US$150 million respectively. Negative values were recorded in 2022 and 2023, at -US$30 million and -US$32 million. The overall trend suggests increasing contribution from other comprehensive income in the later periods, mirroring the growth in net income.
- Comprehensive Income
- Comprehensive income closely follows the trend of net income, increasing from US$4,350 million in 2021 to US$9,722 million in 2022, decreasing to US$4,336 million in 2023, and then experiencing substantial growth to US$29,830 million in 2024. This growth continues to US$72,881 million in 2025 and US$120,217 million in 2026. The fluctuations in other comprehensive income have a relatively small impact on the overall comprehensive income figure, given the magnitude of net income.
In summary, the period demonstrates a significant increase in both net income and comprehensive income, particularly in the later years. While other comprehensive income components fluctuate, they generally contribute positively to the overall comprehensive income, especially from 2024 onwards.
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