Nvidia annual operating margin
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Nvidia Operating Margin Growth & History (NVDA)
Nvidia's operating margin was 60.38% for fiscal 2026.
View full Nvidia company overviewNvidia annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-01-25 | 60.38% | −2.04 pp |
| 2025 | 2025-01-26 | 62.42% | +8.30 pp |
| 2024 | 2024-01-28 | 54.12% | +38.46 pp |
| 2023 | 2023-01-29 | 15.66% | −21.65 pp |
| 2022 | 2022-01-30 | 37.31% | +10.13 pp |
| 2021 | 2021-01-31 | 27.18% | +1.11 pp |
| 2020 | 2020-01-26 | 26.07% | −6.40 pp |
| 2019 | 2019-01-27 | 32.47% | −0.58 pp |
| 2018 | 2018-01-28 | 33.05% | +5.06 pp |
| 2017 | 2017-01-29 | 27.99% | +13.08 pp |
| 2016 | 2016-01-31 | 14.91% | −1.30 pp |
| 2015 | 2015-01-25 | 16.21% | +4.20 pp |
| 2014 | 2014-01-26 | 12.01% | −3.14 pp |
| 2013 | 2013-01-27 | 15.15% | −1.07 pp |
| 2012 | 2012-01-29 | 16.22% | +9.00 pp |
| 2011 | 2011-01-30 | 7.22% | +10.19 pp |
| 2010 | 2010-01-31 | −2.97% | −0.91 pp |
| 2009 | 2009-01-25 | −2.06% | −22.47 pp |
| 2008 | 2008-01-27 | 20.41% | — |
Nvidia quarterly operating margin
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| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-04-26 | 65.60% | +16.49 pp |
| Q4 2026 | 2026-01-25 | 65.02% | +3.92 pp |
| Q3 2026 | 2025-10-26 | 63.17% | +0.83 pp |
| Q2 2026 | 2025-07-27 | 60.84% | −1.21 pp |
| Q1 2026 | 2025-04-27 | 49.11% | −15.82 pp |
| Q4 2025 | 2025-01-26 | 61.10% | −0.49 pp |
| Q3 2025 | 2024-10-27 | 62.34% | +4.85 pp |
| Q2 2025 | 2024-07-28 | 62.06% | +11.71 pp |
| Q1 2025 | 2024-04-28 | 64.92% | +35.17 pp |
| Q4 2024 | 2024-01-28 | 61.60% | +40.84 pp |
| Q3 2024 | 2023-10-29 | 57.49% | +47.36 pp |
| Q2 2024 | 2023-07-30 | 50.34% | +42.90 pp |
| Q1 2024 | 2023-04-30 | 29.76% | +7.22 pp |
| Q4 2023 | 2023-01-29 | 20.76% | −18.10 pp |
| Q3 2023 | 2022-10-30 | 10.13% | −27.47 pp |
| Q2 2023 | 2022-07-31 | 7.44% | −30.12 pp |
| Q1 2023 | 2022-05-01 | 22.54% | −12.01 pp |
| Q4 2022 | 2022-01-30 | 38.86% | +8.74 pp |
| Q3 2022 | 2021-10-31 | 37.60% | +8.02 pp |
| Q2 2022 | 2021-08-01 | 37.56% | +20.72 pp |
| Q1 2022 | 2021-05-02 | 34.55% | +2.86 pp |
| Q4 2021 | 2021-01-31 | 30.12% | −1.76 pp |
| Q3 2021 | 2020-10-25 | 29.58% | −1.18 pp |
| Q2 2021 | 2020-07-26 | 16.84% | −5.30 pp |
| Q1 2021 | 2020-04-26 | 31.69% | +15.56 pp |
| Q4 2020 | 2020-01-26 | 31.88% | +18.55 pp |
| Q3 2020 | 2019-10-27 | 30.76% | −2.50 pp |
| Q2 2020 | 2019-07-28 | 22.14% | −14.91 pp |
| Q1 2020 | 2019-04-28 | 16.13% | −24.25 pp |
| Q4 2019 | 2019-01-27 | 13.33% | −23.53 pp |
| Q3 2019 | 2018-10-28 | 33.26% | −0.69 pp |
| Q2 2019 | 2018-07-29 | 37.05% | +6.20 pp |
| Q1 2019 | 2018-04-29 | 40.38% | +11.78 pp |
| Q4 2018 | 2018-01-28 | 36.86% | +3.13 pp |
| Q3 2018 | 2017-10-29 | 33.95% | +2.07 pp |
| Q2 2018 | 2017-07-30 | 30.85% | +8.65 pp |
| Q1 2018 | 2017-04-30 | 28.60% | +9.83 pp |
| Q4 2017 | 2017-01-29 | 33.73% | +15.89 pp |
| Q3 2017 | 2016-10-30 | 31.89% | +13.11 pp |
| Q2 2017 | 2016-07-31 | 22.20% | +15.61 pp |
| Q1 2017 | 2016-05-01 | 18.77% | +3.48 pp |
| Q4 2016 | 2016-01-31 | 17.84% | −0.70 pp |
| Q3 2016 | 2015-10-25 | 18.77% | +1.39 pp |
| Q2 2016 | 2015-07-26 | 6.59% | −8.19 pp |
| Q1 2016 | 2015-04-26 | 15.29% | +1.60 pp |
| Q4 2015 | 2015-01-25 | 18.55% | +3.97 pp |
| Q3 2015 | 2014-10-26 | 17.39% | +4.01 pp |
| Q2 2015 | 2014-07-27 | 14.78% | +3.98 pp |
| Q1 2015 | 2014-04-27 | 13.69% | +5.02 pp |
| Q4 2014 | 2014-01-26 | 14.57% | −2.01 pp |
| Q3 2014 | 2013-10-27 | 13.38% | −7.57 pp |
| Q2 2014 | 2013-07-28 | 10.80% | −2.57 pp |
| Q1 2014 | 2013-04-28 | 8.67% | +0.80 pp |
| Q4 2013 | 2013-01-27 | 16.58% | +3.75 pp |
| Q3 2013 | 2012-10-28 | 20.95% | +2.46 pp |
| Q2 2013 | 2012-07-29 | 13.37% | −3.75 pp |
| Q1 2013 | 2012-04-29 | 7.87% | −8.22 pp |
| Q4 2012 | 2012-01-29 | 12.83% | −7.45 pp |
| Q3 2012 | 2011-10-30 | 18.49% | +6.19 pp |
| Q2 2012 | 2011-07-31 | 17.12% | +38.72 pp |
| Q1 2012 | 2011-05-01 | 16.10% | +1.38 pp |
| Q4 2011 | 2011-01-30 | 20.28% | +6.61 pp |
| Q3 2011 | 2010-10-31 | 12.30% | +0.36 pp |
| Q2 2011 | 2010-08-01 | −21.60% | −7.42 pp |
| Q1 2011 | 2010-05-02 | 14.71% | +49.48 pp |
| Q4 2010 | 2010-01-31 | 13.67% | +7.34 pp |
| Q3 2010 | 2009-10-25 | 11.94% | +29.35 pp |
| Q2 2010 | 2009-07-26 | −14.18% | — |
| Q1 2010 | 2009-04-26 | −34.77% | — |
| Q3 2009 | 2008-10-26 | 6.33% | — |
| Q2 2009 | 2008-07-27 | −17.41% | — |
Nvidia operating margin trends
Over the last five reported fiscal years, Nvidia's operating margin increased from 27.18% to 60.38%, a change of +33.20 percentage points. The latest reported quarter, Q1 2027, shows 65.60%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nvidia filings at SEC.gov ↗