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How does NVIDIA make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

NVIDIA Corporation · FY2026 · year ended 2026-01-25
Revenue$215.9BGross profit$153.5B · 71%Cost of revenue$62.5B · 29%Operating income$130.4B · 60%Operating expenses$23.1B · 11%R&D$18.5B · 9%SG&A$4.6B · 2%Pre-tax income$141.4B · 66%Other income$11.1B · 5%Net income$120.1B · 56%Income tax$21.4B · 10%Compute$162.4B · 75%Networking$31.4B · 15%Gaming$16.0B · 7%Pro Visualization$3.2B · 1%Automotive$2.3B · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.

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