NVIDIA – 3 years of growth

NVIDIA released their July quarterly results today.

If you look at their results from a year ago and 2 years ago, the changes have been dramatic (click to enlarge):

A Sankey diagram depicting NVIDIA's financial results for the quarter ending in July 2025. At the top is a header with the Sankeymatic logo & the title 'NVIDIA 2026 Q2 Results - Quarter ending July 2025' Highlights from the diagram: NVIDIA's total quarterly Revenue was .7 billion. On the input side, most revenue came from Data Centers (.1 billion) and Gaming (.2 billion). On the output side, the Cost of Revenue was .9 billion, leaving a Gross Profit of .8 billion. After Operating Expenses, the remaining Operating Income was .4 billion. After additional Other Income of .2 billion and Income Tax Expense of .8 billion, the bottom line is shown: NVIDIA's Net Income for the quarter was .4 billion.
2025
A Sankey diagram depicting NVIDIA's financial results for the quarter ending in July 2024. At the top is a header with the Sankeymatic logo & the title 'NVIDIA 2025 Q2 Results - Quarter ending July 2024' Highlights from the diagram: NVIDIA's total quarterly Revenue was $30 billion. On the input side, most revenue came from Data Centers ($26.3 billion) and Gaming ($2.8 billion). On the output side, the Cost of Revenue was $7.5 billion, leaving a Gross Profit of $22.6 billion. After Operating Expenses, the remaining Operating Income was $18.6 billion. After Income Tax Expense of $2.6 billion, the bottom line is shown: NVIDIA's Net Income for the quarter was $16.6 billion.
2024
A Sankey diagram depicting NVIDIA's financial results for the quarter ending in July 2023. At the top is a header with the Sankeymatic logo & the title 'NVIDIA 2024 Q2 Results - Quarter ending July 2023' Highlights from the diagram: NVIDIA's total quarterly Revenue was $13.5 billion. On the input side, most revenue came from Data Centers ($10.3 billion) and Gaming ($2.5 billion). On the output side, the Cost of Revenue was $4 billion, leaving a Gross Profit of $9.5 billion. After Operating Expenses, the remaining Operating Income was $6.8 billion. After Income Tax Expense of $0.8 billion, the bottom line is shown: NVIDIA's Net Income for the quarter was $6.2 billion.
2023

You can read the whole story of a financial report using a Sankey diagram, and by using the same scale across years, you can see visually exactly how the story has changed over time by flipping between the images.

For a more interactive version of these graphs, and to see their other quarters’ results from recent years, visit the NVIDIA Data page.