EBITDA Margin snapshot
NVIDIA Corporation's ebitda margin was 61.7% in FY2026, compared with 63.8% in FY2025. On a trailing-twelve-month basis it was 65.3% as of Q1 FY27. EBITDA margin is earnings before interest, taxes, depreciation, and amortization, divided by revenue. It approximates operating cash profitability by adding back non-cash depreciation and amortization to operating income.
EBITDA Margin (latest FY)
61.7%
EBITDA Margin (TTM)
65.3%
Operating margin (latest FY)
60.4%
Net margin (latest FY)
55.6%
NVIDIA Corporation EBITDA Margin
EBITDA ÷ revenue
EBITDA Margin vs. related metrics
NVIDIA Corporation EBITDA Margin — by fiscal year
| Fiscal year | EBITDA margin | Operating margin | Net margin |
|---|---|---|---|
| FY2026 | 61.7% | 60.4% | 55.6% |
| FY2025 | 63.8% | 62.4% | 55.8% |
| FY2024 | 56.6% | 54.1% | 48.8% |
| FY2023 | 21.4% | 15.7% | 16.2% |
| FY2022 | 41.7% | 37.3% | 36.2% |
| FY2021 | 33.8% | 27.2% | 26.0% |
| FY2020 | 29.6% | 26.1% | 25.6% |
| FY2019 | 34.7% | 32.5% | 35.3% |
| FY2018 | 35.1% | 33.0% | 31.4% |
| FY2017 | 30.7% | 28.0% | 24.1% |
| FY2016 | 18.8% | 14.9% | 12.3% |
| FY2015 | 20.9% | 16.2% | 13.5% |
| FY2014 | 17.8% | 12.0% | 10.7% |
| FY2013 | 20.4% | 15.1% | 13.1% |
| FY2012 | 21.3% | 16.2% | 14.5% |
| FY2011 | 12.5% | 7.2% | 7.1% |
| FY2010 | 2.9% | -3.0% | -2.0% |
| FY2009 | 3.3% | -2.1% | -0.9% |
| FY2008 | 23.7% | 20.4% | 19.5% |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | EBITDA margin | Operating margin | Net margin |
|---|---|---|---|
| Q1 FY27 | 65.3% | 64.0% | 63.0% |
| Q4 FY26 | 61.7% | 60.4% | 55.6% |
| Q3 FY26 | 60.2% | 58.8% | 53.0% |
| Q2 FY26 | 59.5% | 58.1% | 52.4% |
| Q1 FY26 | 59.4% | 58.0% | 51.7% |
| Q4 FY25 | 63.8% | 62.4% | 55.8% |
| Q3 FY25 | 64.2% | 62.7% | 55.7% |
| Q2 FY25 | 63.5% | 61.9% | 55.0% |
| Q1 FY25 | 61.8% | 59.8% | 53.4% |
| Q4 FY24 | 56.6% | 54.1% | 48.8% |
| Q3 FY24 | 49.4% | 45.9% | 42.1% |
| Q2 FY24 | 37.9% | 33.0% | 31.6% |
Figures normalized from SEC filings. See the full NVIDIA Corporation ratios & metrics.