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NVIDIA (NVDA) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Feb 26, 2025
NVIDIA (NVDA) reported revenue of $39.3B for the fourth quarter fiscal 2025 (Q4 FY25), +78% from a year earlier and +12% from the quarter before. Operating margin was 61.1%, net earnings $22.1B (56.2% of revenue).
NVIDIA, Q4 FY25: revenue $39.3B (+78% year over year), operating margin 61.1%, net earnings $22.1B, operating cash flow $16.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $39.3B | +12% | +78% |
| Gross profit | $28.7B | +10% | +71% |
| Operating profit | $24.0B | +10% | +77% |
| Net earnings | $22.1B | +14% | +80% |
| Operating cash flow | $16.6B | -6% | +45% |
| Free cash flow | $15.6B | -8% | +38% |
What changed
Revenue was $39.3B in Q4 FY25, up 78% year over year and up 12% from the previous quarter. Compute was the largest line at 83% of revenue.
Gross margin was 73.0%, down 2.9 points from a year earlier. Operating profit was $24.0B, a 61.1% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, below the 62% margin then. Operating expenses grew 48% against revenue growth of 78%. The fastest-growing cost line was Research & development (+51%). Net earnings were $22.1B, up 80% year over year. The effective tax rate was 12.4%.
Operating cash flow was $16.6B (up 45% year over year), 75% of net earnings. Non-cash charges added back $0.54B of depreciation and amortization and $1.3B of share-based compensation. Working capital and other items used $7.3B. Capital expenditures of $1.1B left free cash flow of $15.6B.
Questions
What was NVIDIA's revenue in the fourth quarter fiscal 2025?
NVIDIA (NVDA) reported revenue of $39.3B for the fourth quarter fiscal 2025 (Q4 FY25), +78% from a year earlier and +12% from the quarter before.
Was NVIDIA profitable in the fourth quarter fiscal 2025?
Operating profit was $24.0B (61.1% of revenue) and net earnings $22.1B.
Source: NVIDIA 10-K on SEC EDGAR.