Nvidia NVDA
NASDAQ NVDA
$218.29 -0.07 (-0.03%)
At close: Sep 11, 2026 · 4:00 PM EDT

Nvidia (NVDA) Operating Expenses (2009 - 2026)

Nvidia's (NVDA) quarterly Operating Expenses came in at $8.4 billion in Q3 2026, up 55.33% on a YoY basis from $5.4 billion in Q3 2025, and up 10.33% quarter-over-quarter from $7.6 billion in Q2 2026.

Analysis

Nvidia (NVDA) Operating Expenses (2009 - 2026) Analysis & Trends

Nvidia (NVDA) has reported Operating Expenses for 18 consecutive years, with $8.4 billion the latest figure, recorded in Q3 2026.

  • For the quarter ending Q3 2026, Operating Expenses rose 55.33% year-over-year to $8.4 billion; the trailing twelve-month figure through Jul 2026 stood at $28.7 billion (up 47.6% YoY), and the FY2026 full-year result was $23.1 billion, up 40.66% from the prior year.
  • Operating Expenses rose to $8.4 billion in Q3 2026 per NVDA's latest filing, from $7.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $8.4 billion in Q3 2026 and bottomed at -$102.0 million in Q1 2024.
  • Historically, Operating Expenses has averaged $4.0 billion across 5 years, with a median of $3.6 billion in 2022.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses plunged 103.96% in 2024, then soared 4697.06% in 2025.
  • Over 5 years, Operating Expenses stood at $2.6 billion in 2022, then grew by 15.8% to $3.0 billion in 2023, then surged by 43.71% to $4.3 billion in 2024, then soared by 36.2% to $5.8 billion in 2025, then surged by 44.0% to $8.4 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $8.4 billion, $7.6 billion, and $6.8 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nvidia 5,260.79 Bn 5,195.56 Bn 72.14 Bn 8.41 Bn
2 Broadcom 1,728.14 Bn 1,704.17 Bn 20.46 Bn 4.50 Bn
3 Advanced Micro Devices 842.32 Bn 829.21 Bn 6.20 Bn 4.21 Bn
4 Arm Holdings 280.94 Bn 277.05 Bn 1.25 Bn -1.16 Bn
5 Marvell Technology 207.04 Bn 203.10 Bn 1.46 Bn 995.90 Mn
6 Qualcomm 192.34 Bn 184.04 Bn 5.28 Bn 8.32 Bn
7 Monolithic Power Systems 60.66 Bn 59.25 Bn 541.07 Mn 237.18 Mn
8 Astera Labs 50.52 Bn 49.27 Bn 287.57 Mn 198.32 Mn
9 Credo Technology Group Holding 30.60 Bn 29.83 Bn 309.08 Mn 188.38 Mn
10 Sitime 16.85 Bn 14.93 Bn 99.14 Mn 90.93 Mn
Historic Data

Historic Data

Download Data
DateValue
Jul 26, 2026 8.41 Bn
Apr 26, 2026 7.62 Bn
Jan 25, 2026 6.79 Bn
Oct 26, 2025 5.84 Bn
Jul 27, 2025 5.41 Bn
Apr 27, 2025 5.03 Bn
Jan 26, 2025 4.69 Bn
Oct 27, 2024 4.29 Bn
Jul 28, 2024 3.93 Bn
Apr 28, 2024 3.50 Bn
Jan 28, 2024 -102.00 Mn
Oct 29, 2023 2.98 Bn
Jul 30, 2023 2.66 Bn
Apr 30, 2023 2.51 Bn
Jan 29, 2023 2.58 Bn
Oct 30, 2022 2.58 Bn
Jul 31, 2022 2.42 Bn
May 1, 2022 3.56 Bn
Jan 30, 2022 2.03 Bn
Oct 31, 2021 1.96 Bn