Fiscal Year |
GAAP Operating Expenses (in Billions USD) |
2025 |
$16.41* |
2024 |
$11.3 |
2023 |
$22.75 |
2022 |
$7.43 |
2021 |
$5.86 |
2020 |
$10.92 |
Note:
- FY25 figure is an estimate based on reported quarterly results and full-year guidance. In the first quarter of fiscal 2025, NVIDIA reported GAAP operating expenses of $3.50 billion. For the second quarter, GAAP operating expenses were $3.93 billion. The company's outlook for the third quarter of fiscal 2025 anticipates GAAP operating expenses to be approximately $4.3 billion. For the full fiscal year 2025, NVIDIA expects operating expenses to grow in the mid to upper 40% range. The estimated total is based on these figures and projections.
Past fiscal year data is based on annual financial reports. The operating expenses for fiscal years can be influenced by various factors including research and development costs, sales, general and administrative expenses, and acquisition-related costs.