Net Profit Margin
since 2005
Calculation
NVIDIA Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Revenue1 | |
|---|---|---|---|---|---|---|---|
| Jan 25, 2026 | 55.60% | = | 100 | × | 120,067) | ÷ | 215,938) |
| Jan 26, 2025 | 55.85% | = | 100 | × | 72,880) | ÷ | 130,497) |
| Jan 28, 2024 | 48.85% | = | 100 | × | 29,760) | ÷ | 60,922) |
| Jan 29, 2023 | 16.19% | = | 100 | × | 4,368) | ÷ | 26,974) |
| Jan 30, 2022 | 36.23% | = | 100 | × | 9,752) | ÷ | 26,914) |
| Jan 31, 2021 | 25.98% | = | 100 | × | 4,332) | ÷ | 16,675) |
| Jan 26, 2020 | 25.61% | = | 100 | × | 2,796) | ÷ | 10,918) |
| Jan 27, 2019 | 35.34% | = | 100 | × | 4,141) | ÷ | 11,716) |
| Jan 28, 2018 | 31.37% | = | 100 | × | 3,047) | ÷ | 9,714) |
| Jan 29, 2017 | 24.11% | = | 100 | × | 1,666) | ÷ | 6,910) |
| Jan 31, 2016 | 12.26% | = | 100 | × | 614) | ÷ | 5,010) |
| Jan 25, 2015 | 13.47% | = | 100 | × | 631) | ÷ | 4,682) |
| Jan 26, 2014 | 10.65% | = | 100 | × | 440) | ÷ | 4,130) |
| Jan 27, 2013 | 13.14% | = | 100 | × | 563) | ÷ | 4,280) |
| Jan 29, 2012 | 14.53% | = | 100 | × | 581) | ÷ | 3,998) |
| Jan 30, 2011 | 7.14% | = | 100 | × | 253) | ÷ | 3,543) |
| Jan 31, 2010 | -2.04% | = | 100 | × | (68) | ÷ | 3,326) |
| Jan 25, 2009 | -0.88% | = | 100 | × | (30) | ÷ | 3,425) |
| Jan 27, 2008 | 19.46% | = | 100 | × | 798) | ÷ | 4,098) |
| Jan 28, 2007 | 14.63% | = | 100 | × | 449) | ÷ | 3,069) |
| Jan 29, 2006 | 12.74% | = | 100 | × | 303) | ÷ | 2,376) |
| Jan 30, 2005 | 4.99% | = | 100 | × | 100) | ÷ | 2,010) |
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), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$ in millions
The net profit margin exhibited significant fluctuations over the period examined, demonstrating a generally increasing trend with notable volatility. Initial values were relatively modest, followed by substantial growth, a period of losses, and then a resurgence culminating in exceptionally high margins in recent years.
- Early Growth (2005-2008)
- From 2005 to 2008, the net profit margin increased consistently, rising from 4.99% to 19.46%. This indicates improving profitability during this period, potentially driven by increasing revenue and effective cost management. The rate of increase accelerated between 2007 and 2008.
- Period of Losses (2008-2010)
- Following the peak in 2008, the net profit margin experienced a sharp decline, resulting in negative values in 2009 (-0.88%) and 2010 (-2.04%). This suggests a period of financial difficulty, potentially linked to economic conditions or company-specific challenges. Revenue also decreased during this timeframe.
- Recovery and Moderate Growth (2011-2017)
- From 2011 to 2017, the net profit margin demonstrated a recovery, increasing from 7.14% to 24.11%. While not as rapid as the earlier growth phase, this period indicates a return to profitability and improving financial health. The margin generally trended upward, though with some year-to-year variation.
- Accelerated Growth and Peak Margins (2018-2024)
- The period from 2018 to 2024 witnessed a dramatic increase in the net profit margin, surging from 31.37% in 2018 to 55.85% in 2023 and 55.60% in 2024. This substantial improvement suggests a period of exceptional performance, potentially driven by strong demand for products, successful pricing strategies, or significant operational efficiencies. Revenue also experienced substantial growth during this period. The margin in 2024 is slightly lower than 2023, but remains exceptionally high.
- Projected Margin (2025-2026)
- The projected net profit margin remains high at 55.60% in 2025 and 2026, indicating an expectation of continued strong profitability. This suggests the factors driving the recent surge in margins are expected to persist.
Overall, the net profit margin demonstrates a cyclical pattern with periods of growth, decline, and recovery. The most recent period is characterized by exceptionally high and sustained profitability, representing a significant improvement compared to earlier years.
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Comparison to Competitors
NVIDIA Corp., net profit margin, long-term trends, comparison to competitors
| NVIDIA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 25, 2026 | 55.60% | — | — | — | — | — | — | — | — | — | — |
| Jan 26, 2025 | 55.85% | 12.51% | 20.58% | 24.67% | 36.20% | -0.51% | 33.41% | 29.06% | 22.84% | 12.51% | 28.28% |
| Jan 28, 2024 | 48.85% | 6.36% | 17.35% | 26.41% | 11.43% | -35.32% | 28.15% | 25.68% | 3.10% | 26.03% | 30.68% |
| Jan 29, 2023 | 16.19% | 3.77% | 26.94% | 25.86% | 39.31% | 3.11% | 32.27% | 25.88% | -37.54% | 20.19% | 37.16% |
| Jan 30, 2022 | 36.23% | 5.59% | 22.88% | 25.31% | 34.62% | 12.71% | 36.06% | 26.73% | 28.24% | 29.27% | 43.68% |
| Jan 31, 2021 | 25.98% | 19.24% | 19.00% | 25.53% | 24.54% | 25.14% | 30.04% | 26.72% | 21.16% | 26.94% | 42.35% |
| Jan 26, 2020 | 25.61% | 25.50% | 21.79% | 21.04% | 12.39% | 26.84% | 20.96% | 22.42% | 12.54% | 22.09% | 38.69% |
| Jan 27, 2019 | 35.34% | 5.07% | 22.75% | 18.52% | 12.05% | 29.25% | 25.73% | 22.70% | 26.97% | 18.07% | 34.88% |
| Jan 28, 2018 | 31.37% | 5.20% | 24.12% | 19.20% | 58.80% | 29.72% | 19.87% | 21.49% | 46.51% | -21.40% | 35.35% |
| Jan 29, 2017 | 24.11% | 0.81% | 14.24% | 23.62% | 9.59% | 15.30% | 26.61% | 21.19% | 25.04% | 11.06% | 24.61% |
| Jan 31, 2016 | 12.26% | -11.63% | 25.18% | 15.90% | -13.13% | 17.37% | 23.60% | 15.53% | -2.23% | 24.22% | 26.89% |
| Jan 25, 2015 | 13.47% | -16.54% | 20.29% | 14.26% | 19.99% | 20.63% | 13.01% | 12.47% | 17.90% | 20.85% | 22.97% |
| Jan 26, 2014 | 10.65% | -7.32% | 21.97% | 11.82% | 6.16% | 20.95% | 19.89% | 13.72% | 18.61% | 30.08% | 21.63% |
| Jan 27, 2013 | 13.14% | -1.57% | 25.57% | 3.41% | 21.90% | 18.25% | 19.11% | 3.16% | 13.12% | 27.56% | 17.71% |
| Jan 29, 2012 | 14.53% | -21.82% | 24.11% | 1.25% | 23.82% | 20.63% | 23.83% | 6.33% | -12.53% | 31.95% | 13.72% |
| Jan 30, 2011 | 7.14% | 7.48% | 28.98% | 18.31% | 23.63% | 23.97% | 25.02% | 22.35% | 1.90% | 28.48% | 16.28% |
| Jan 31, 2010 | -2.04% | 7.25% | 25.79% | 9.82% | 19.83% | 26.28% | 11.66% | 16.25% | 21.81% | 29.54% | 23.11% |
| Jan 25, 2009 | -0.88% | 5.63% | 12.30% | -6.09% | -2.96% | 12.44% | -34.43% | -27.08% | -38.21% | 15.28% | 14.10% |
| Jan 27, 2008 | 19.46% | -53.34% | 30.44% | 11.82% | — | 14.08% | 14.24% | 17.75% | -27.72% | 28.36% | 15.36% |
| Jan 28, 2007 | 14.63% | -56.19% | 19.52% | 17.57% | — | 18.20% | 19.34% | 26.72% | -5.63% | 37.23% | 19.20% |
| Jan 29, 2006 | 12.74% | -2.94% | 21.35% | 16.54% | — | 14.26% | 18.37% | 20.45% | 7.74% | 32.82% | 30.45% |
| Jan 30, 2005 | 4.99% | 2.83% | 17.36% | 17.30% | — | 22.31% | 22.38% | 19.92% | 3.85% | 37.78% | 17.35% |
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), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NVIDIA Corp., net profit margin, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Jan 25, 2026 | 55.60% | — |
| Jan 26, 2025 | 55.85% | 30.55% |
| Jan 28, 2024 | 48.85% | 14.94% |
| Jan 29, 2023 | 16.19% | 17.06% |
| Jan 30, 2022 | 36.23% | 25.54% |
| Jan 31, 2021 | 25.98% | 25.83% |
| Jan 26, 2020 | 25.61% | 23.10% |
| Jan 27, 2019 | 35.34% | 24.49% |
| Jan 28, 2018 | 31.37% | 27.65% |
| Jan 29, 2017 | 24.11% | 17.11% |
| Jan 31, 2016 | 12.26% | 14.20% |
| Jan 25, 2015 | 13.47% | 18.44% |
| Jan 26, 2014 | 10.65% | 19.81% |
| Jan 27, 2013 | 13.14% | 17.60% |
| Jan 29, 2012 | 14.53% | 15.90% |
| Jan 30, 2011 | 7.14% | 20.36% |
| Jan 31, 2010 | -2.04% | 21.68% |
| Jan 25, 2009 | -0.88% | 6.12% |
| Jan 27, 2008 | 19.46% | 9.71% |
| Jan 28, 2007 | 14.63% | 14.03% |
| Jan 29, 2006 | 12.74% | 17.67% |
| Jan 30, 2005 | 4.99% | 19.11% |
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), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Information Technology)
NVIDIA Corp., net profit margin, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Jan 25, 2026 | 55.60% | — |
| Jan 26, 2025 | 55.85% | 25.77% |
| Jan 28, 2024 | 48.85% | 20.64% |
| Jan 29, 2023 | 16.19% | 20.33% |
| Jan 30, 2022 | 36.23% | 22.35% |
| Jan 31, 2021 | 25.98% | 23.54% |
| Jan 26, 2020 | 25.61% | 19.65% |
| Jan 27, 2019 | 35.34% | 19.85% |
| Jan 28, 2018 | 31.37% | 18.58% |
| Jan 29, 2017 | 24.11% | 17.86% |
| Jan 31, 2016 | 12.26% | 17.79% |
| Jan 25, 2015 | 13.47% | 18.38% |
| Jan 26, 2014 | 10.65% | 19.38% |
| Jan 27, 2013 | 13.14% | 20.21% |
| Jan 29, 2012 | 14.53% | 20.08% |
| Jan 30, 2011 | 7.14% | 20.68% |
| Jan 31, 2010 | -2.04% | 20.24% |
| Jan 25, 2009 | -0.88% | 14.53% |
| Jan 27, 2008 | 19.46% | 15.21% |
| Jan 28, 2007 | 14.63% | 15.81% |
| Jan 29, 2006 | 12.74% | 16.24% |
| Jan 30, 2005 | 4.99% | 16.66% |
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), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).