Operating Margin snapshot
NVIDIA Corporation's operating margin was 60.4% in FY2026, compared with 62.4% in FY2025. On a trailing-twelve-month basis it was 64.0% as of Q1 FY27. Operating margin is operating income divided by revenue — the share of sales remaining after both cost of revenue and operating expenses (R&D, SG&A). It measures core operating profitability before interest and taxes.
Operating Margin (latest FY)
60.4%
Operating Margin (TTM)
64.0%
Gross margin (latest FY)
71.1%
Net margin (latest FY)
55.6%
NVIDIA Corporation Operating Margin
Operating income ÷ revenue
Operating Margin vs. related metrics
NVIDIA Corporation Operating Margin — by fiscal year
| Fiscal year | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| FY2026 | 60.4% | 71.1% | 55.6% |
| FY2025 | 62.4% | 75.0% | 55.8% |
| FY2024 | 54.1% | 72.7% | 48.8% |
| FY2023 | 15.7% | 56.9% | 16.2% |
| FY2022 | 37.3% | 64.9% | 36.2% |
| FY2021 | 27.2% | 62.3% | 26.0% |
| FY2020 | 26.1% | 62.0% | 25.6% |
| FY2019 | 32.5% | 61.2% | 35.3% |
| FY2018 | 33.0% | 59.9% | 31.4% |
| FY2017 | 28.0% | 58.8% | 24.1% |
| FY2016 | 14.9% | 56.1% | 12.3% |
| FY2015 | 16.2% | 55.5% | 13.5% |
| FY2014 | 12.0% | 54.9% | 10.7% |
| FY2013 | 15.1% | 52.0% | 13.1% |
| FY2012 | 16.2% | 51.4% | 14.5% |
| FY2011 | 7.2% | 39.8% | 7.1% |
| FY2010 | -3.0% | 35.4% | -2.0% |
| FY2009 | -2.1% | 34.3% | -0.9% |
| FY2008 | 20.4% | 45.6% | 19.5% |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| Q1 FY27 | 64.0% | 74.1% | 63.0% |
| Q4 FY26 | 60.4% | 71.1% | 55.6% |
| Q3 FY26 | 58.8% | 70.1% | 53.0% |
| Q2 FY26 | 58.1% | 69.8% | 52.4% |
| Q1 FY26 | 58.0% | 70.1% | 51.7% |
| Q4 FY25 | 62.4% | 75.0% | 55.8% |
| Q3 FY25 | 62.7% | 75.9% | 55.7% |
| Q2 FY25 | 61.9% | 76.0% | 55.0% |
| Q1 FY25 | 59.8% | 75.3% | 53.4% |
| Q4 FY24 | 54.1% | 72.7% | 48.8% |
| Q3 FY24 | 45.9% | 69.9% | 42.1% |
| Q2 FY24 | 33.0% | 64.6% | 31.6% |
Figures normalized from SEC filings. See the full NVIDIA Corporation ratios & metrics.