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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |