Nvidia (NVDA) Cost of Revenue (2009 - 2026)
Nvidia's Cost of Revenue came in at $24.08 billion for fiscal Q2 2027 (quarter ended Jul 26, 2026), up 86.8% from $12.89 billion a year earlier and up 17.7% from the prior quarter.
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Nvidia (NVDA) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 26, 2026, Nvidia reported Cost of Revenue of $76.73 billion, up 54.0% year-over-year; for FY2026 (ended Jan 25, 2026), it came in at $62.48 billion, up 91.4% from FY2025.
- Cost of Revenue has increased in each of the last six fiscal years, with a five-year compound annual growth rate of 58.3% (FY2021 to FY2026).
- Going back by fiscal year, Cost of Revenue was $32.64 billion in FY2025 (+96.4%), $16.62 billion in FY2024 (+43.1%), $11.62 billion in FY2023 (+23.1%) and $9.44 billion in FY2022 (+50.3%).
- The fiscal Q2 2027 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q4 2009.
- Year-over-year, Cost of Revenue has increased for 13 consecutive quarters, with growth averaging 88.1% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q1 2026 (growth of 208.5%), and the weakest in fiscal Q4 2023 (a decline of 16.1%).
- Business Quant data shows NVDA's Cost of Revenue at $20.46 billion (Q1 2027), $17.03 billion (Q4 2026) and $15.16 billion (Q3 2026) in the three fiscal quarters before Q2 2027.
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Nvidia Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NVDA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NVDA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NVDA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();