TTM
47.0%
YoY change
−1.86pp
Trough year (1999)
-6.2%
Peak year (2025)
46.6%
Latest annual
44.8%
FCF Margin history chart for NVIDIA (NVDA) from 1999 to 2026
Latest: 44.8%
FCF Margin change chart for NVIDIA (NVDA) from 1999 to 2026
Latest: −1.86pp
FCF Margin history table for NVIDIA (NVDA) from 1999 to 2026
| 2026 | 44.8% | -1.86pp | ||
| 2025 | 46.6% | +2.28pp | ||
| 2024 | 44.4% | +30.24pp | ||
| 2023 | 14.1% | -16.10pp | ||
| 2022 | 30.2% | +2.06pp | ||
| 2021 | 28.1% | -10.98pp | ||
| 2020 | 39.1% | +12.30pp | ||
| 2019 | 26.8% | -3.12pp | ||
| 2018 | 29.9% | +8.30pp | ||
| 2017 | 21.6% | -0.09pp | ||
| 2016 | 21.7% | +4.99pp | ||
| 2015 | 16.7% | +2.70pp | ||
| 2014 | 14.0% | -0.93pp | ||
| 2013 | 15.0% | -4.30pp | ||
| 2012 | 19.3% | +2.96pp | ||
| 2011 | 16.3% | +3.98pp | ||
| 2010 | 12.3% | +16.95pp | ||
| 2009 | -4.6% | -31.04pp | ||
| 2008 | 26.4% | +12.02pp | ||
| 2007 | 14.4% | -1.04pp | ||
| 2006 | 15.4% | +12.21pp | ||
| 2005 | 3.2% | +7.51pp | ||
| 2004 | -4.3% | -14.85pp | ||
| 2003 | 10.6% | +10.59pp | ||
| 2002 | -0.0% | -31.52pp | ||
| 2001 | 31.5% | +30.35pp | ||
| 2000 | 1.1% | +7.34pp | ||
| 1999 | -6.2% | — |
- 202644.8%-1.86pp
- 202546.6%+2.28pp
- 202444.4%+30.24pp
- 202314.1%-16.10pp
- 202230.2%+2.06pp
- 202128.1%-10.98pp
- 202039.1%+12.30pp
- 201926.8%-3.12pp
- 201829.9%+8.30pp
- 201721.6%-0.09pp
- 201621.7%+4.99pp
- 201516.7%+2.70pp
- 201414.0%-0.93pp
- 201315.0%-4.30pp
- 201219.3%+2.96pp
- 201116.3%+3.98pp
- 201012.3%+16.95pp
- 2009-4.6%-31.04pp
- 200826.4%+12.02pp
- 200714.4%-1.04pp
- 200615.4%+12.21pp
- 20053.2%+7.51pp
- 2004-4.3%-14.85pp
- 200310.6%+10.59pp
- 2002-0.0%-31.52pp
- 200131.5%+30.35pp
- 20001.1%+7.34pp
- 1999-6.2%—
FCF Margin values are taken from NVIDIA's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at NVIDIA (NVDA)
According to NVIDIA's latest reported financial statements, the company's latest reported free cash flow margin is 47.0%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2026, NVIDIA (NVDA) free cash flow margin totalled 44.77% – contracted 1.9 percentage points year-over-year.
The highest annual free cash flow margin of 46.63% was reported in 2025. The lowest in the available history was -6.19% in 1999.
NVIDIA FCF Margin by Year
NVIDIA FCF Margin 2026: 44.8%
2026's free cash flow margin for NVIDIA came in at 44.77%, contracted 1.9 percentage points from 2025.
NVIDIA FCF Margin 2025: 46.6%
NVIDIA posted free cash flow margin of 46.63% in 2025, expanded 2.3 percentage points from 2024. This figure represents the highest annual value in the available history.
NVIDIA FCF Margin 2024: 44.4%
In 2024, NVIDIA reported free cash flow margin of 44.35%, expanded 30.2 percentage points from 2023.
NVIDIA FCF Margin 2023: 14.1%
NVIDIA free cash flow margin in 2023 was 14.12%, contracted 16.1 percentage points from 2022.
NVIDIA FCF Margin 2022: 30.2%
NVIDIA free cash flow margin in 2022 was 30.21%.
See more financial history for NVIDIA (NVDA).
Sector peers by FCF Margin
Technology peers of NVIDIA (NVDA), ranked by their latest free cash flow margin
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% | |
| -38.6% |
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
- -38.6%
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