Nvidia posted net earnings of $72.9 billion in fiscal year 2025, up 145% from the prior year. The company converted more than half its revenue into profit, driven almost entirely by its data center GPU business, making it one of the most profitable technology companies in history by absolute dollar earnings.
Annual Earnings Of Nvidia
| Fiscal Year |
Net Earnings (USD) |
YoY Change |
| FY2016 | $0.6B | — |
| FY2017 | $1.7B | +183.3% |
| FY2018 | $3.0B | +76.5% |
| FY2019 | $4.1B | +36.7% |
| FY2020 | $2.8B | −31.7% |
| FY2021 | $4.3B | +53.6% |
| FY2022 | $9.8B | +127.9% |
| FY2023 | $4.4B | −55.1% |
| FY2024 | $29.8B | +577.3% |
| FY2025 | $72.9B | +144.6% |
Nvidia P/E Ratio
| Fiscal Year |
P/E Ratio |
YoY Change |
| FY2016 | 29.8x | — |
| FY2017 | 48.2x | +61.7% |
| FY2018 | 38.4x | −20.3% |
| FY2019 | 24.6x | −35.9% |
| FY2020 | 72.5x | +194.7% |
| FY2021 | 89.3x | +23.2% |
| FY2022 | 55.4x | −37.9% |
| FY2023 | 93.7x | +69.1% |
| FY2024 | 65.8x | −29.8% |
| FY2025 | 43.7x | −33.6% |
