Free cash flow
Nvidia Free cash flow increased by 57.8% to $34.90B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 124.4%, from $15.55B to $34.90B. Over 4 years (FY 2022 to FY 2026), Free cash flow shows an upward trend with a 85.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.50B | $1.30B | $2.76B | $952.00M | $952.00M | $952.00M | $952.00M | $2.66B | $6.06B | $7.05B | $11.25B | $14.98B | $13.51B | $16.81B | $15.55B | $26.19B | $13.47B | $22.12B | $34.90B |
| QoQ Change | — | -48.1% | +112.8% | -65.5% | +0.0% | +0.0% | +0.0% | +179.7% | +127.5% | +16.4% | +59.4% | +33.2% | -9.8% | +24.4% | -7.5% | +68.4% | -48.6% | +64.2% | +57.8% |
| YoY Change | — | — | — | — | -61.9% | -26.6% | -65.5% | +179.7% | +536.4% | +641.0% | >999% | +462.4% | +123.0% | +138.4% | +38.3% | +74.9% | -0.3% | +31.5% | +124.4% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Nvidia's free cash flow?
- Nvidia (NVDA) reported free cash flow of $34.90B in Q4 2025.
- How has Nvidia's free cash flow changed year-over-year?
- Nvidia's free cash flow increased by 124.4% year-over-year, from $15.55B to $34.90B.
- What is the long-term trend for Nvidia's free cash flow?
- Over 4 years (2022 to 2026), Nvidia's free cash flow has grown at a 85.7% compound annual growth rate (CAGR), from $8.13B to $96.68B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.