This Is How Much Money Nvidia Makes Every Minute

By Trey Thoelcke Published Mar 26, 9:10AM EDT

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This Is How Much Money Nvidia Makes Every Minute — © JasonDoiy / Getty Images

Its name is inspired by the Latin word for envy, and Nvidia Corp. (NASDAQ: NVDA | NVDA Price Prediction) certainly has become the envy of tech companies and investors as it, probably more than anyone else, has ridden the artificial intelligence (AI) tsunami over the past several years. The company’s market capitalization reached $1 trillion last year. Then it quickly raced to $2 trillion, making it one of the most valuable companies in the world, and its stock is one of the so-called Magnificent Seven that have been driving the stock market. Nvidia shows no signs of stopping yet and could be on its way to joining Apple and Microsoft in the $3 trillion club.

That raises the question: How much does Nvidia make every minute? Let’s take a look.

How Does Nvidia Make Its Money?

Nvidia revenue totaled almost $61 billion last year.

The tech giant was founded in 1993 and went public early in 1999. Its focus from the beginning was on graphics processing products, which were particularly important in the video game industry. The company struggled in the first few years but eventually took off, winning the contract to develop the graphics hardware for Microsoft’s Xbox game console.

Today, the graphics business segment is Nvidia’s second largest revenue generator. Computing and networks, the segment that includes artificial intelligence, is now its largest revenue generator. Virtually every major tech company, including Amazon, Google, Meta, Microsoft, and Oracle, has made use of Nvidia chips.

Here is a look at annual revenue and revenue per minute for the past five years:

Fiscal Year	Annual Revenue	Revenue per Minute
2023	$60.92 billion	$115,905.63
2022	$26.97 billion	$51,312.79
2021	$26.91 billion	$51,198.63
2020	$16.68 billion	$31,735.16
2019	$10.92 billion	$20,776.26

How Much Does Nvidia Really Make?

Nvidia earned $56,600 a minute last year.

Revenue is not the full picture, of course. Net income, also called profits or earnings, is what is left after expenses such as cost of goods sold, taxes, and interest are subtracted. In other words, it is the bottom line (of the income statement), as opposed to revenue, the top line.

As Nvidia’s top line has grown, so too have its operating expenses. In January of 2020, quarterly operating expenses totaled about $2.11 billion. That has climbed to $8.49 billion most recently. So how has that affected the bottom line?

Here is a look at annual net income and net income per minute for the past five years:

Fiscal Year	Annual Net Income	Net Income per Minute
2023	$29.76 billion	$56,621.00
2022	$4.37 billion	$8,310.50
2021	$9.75 billion	$18,554.03
2020	$4.33 billion	$8,242.01
2019	$2.80 billion	$5,319.63

How Has Nvidia Stock Fared?

Nvidia shares have soared this past year.

A decade ago (before the founding of OpenAI, which kicked off the AI explosion), Nvidia was struggling to find revenue growth. Shares ended 2014 trading for about $5 apiece (split-adjusted). Since then, they are up about 19,000% and were last seen trading for about $950 apiece. Most of that growth has been in the past year. The stock reached an all-time high of $974 earlier this month. That is greater than the current consensus price target. However, the high price target is up at $2,542.26, which represents almost 169% additional upside. (See two things that point to an upcoming Nvidia stock split.)

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.