NVIDIA's fiscal 2025 revenue rose 114% to $130.5 billion, with gaming revenue up 9% to $11.35 billion

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

NVIDIA filed its 10-K, the annual report a US-listed company files with US regulators, on Feb 26, 2025, for the year ended Jan 26, 2025, which it calls fiscal 2025. Revenue was $130.5 billion, up 114% from $60.92 billion the year before. Operating income, the profit from running the business before interest and tax, rose 147% to $81.45 billion from $32.97 billion. Net income was $72.88 billion against $29.76 billion, and diluted earnings per share were $2.94 against $1.19. The earnings release, dated Feb 26, 2025 and attached to an 8-K, the report of a material event, says per-share amounts are retroactively adjusted for the ten-for-one stock split effective Jun 7, 2024. Revenue had been $60.92 billion for the year ended Jan 28, 2024 and $26.97 billion for the year ended Jan 29, 2023.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14^,15^,16^,17

Gaming revenue was $11.35 billion, up 9% from $10.45 billion, which NVIDIA ties to sales of its GeForce RTX 40 Series GPUs. The earnings release puts gaming revenue for the fourth quarter alone at $2.5 billion, down 22% from the previous quarter and 11% from a year earlier. Data Center revenue was $115.19 billion, up 142%, which NVIDIA attributes to demand for its Hopper platform for large language models, recommendation engines and generative AI.18^,19^,20^,21^,22^,23^,24

The Graphics segment, which the notes say includes GeForce GPUs for gaming and PCs and the GeForce NOW game streaming service, had revenue of $14.3 billion, up 6%. Its operating income fell to $5.085 billion from $5.846 billion, which NVIDIA says was driven by a 44% rise in segment operating expenses, partly offset by revenue growth. Net income also holds $2.573 billion of other income, net, which includes a $565 million unrealized gain the notes attribute to a secondary equity transaction in one of NVIDIA's private company investments.25^,26^,27^,28^,29^,30^,31

The 10-K also lists the RTX 4090 among products above certain performance thresholds that fall under US licensing requirements for exports to China and other country groups, in effect since NVIDIA's fourth quarter of fiscal year 2024.32^,33

Our records hold revenue, operating income, net income and diluted earnings per share for the year to Jan 26, 2025 and the text of the filing's management discussion and notes, and keep one value for each period of an SEC filer, so they cannot tell whether the year-earlier figures were restated.34^,35^,36