Nvidia (NVDA) EPS History: Diluted Earnings Per Share (2020–2026)

Nvidia EPS (Diluted): 2020–2026

Nvidia (NVDA) reported diluted earnings per share of $1.76 in fiscal Q4 FY2027 (ending January 2026). This is GAAP diluted EPS on approximately 24.4 billion diluted shares outstanding. For calendar year 2025, diluted EPS totaled approximately $4.04 (sum of quarterly values).

Note: Nvidia conducted a 10-for-1 stock split in June 2024. All historical EPS values in this dataset are reported on a split-adjusted basis as filed with the SEC.

Nvidia Quarterly EPS Highlights

The 10-for-1 Stock Split Context

In June 2024, Nvidia conducted a 10-for-1 stock split — the largest split by a major tech company in recent memory. After the split, Nvidia’s pre-split EPS values were retroactively adjusted by dividing by 10. This means the $0.25 EPS reported for Q3 2020 in this dataset is equivalent to $2.50 pre-split EPS. When comparing Nvidia’s EPS to historical analyst estimates or press releases before June 2024, verify whether the figure is pre- or post-split.

Buybacks Accelerating EPS Growth

Diluted EPS grows faster than net income when the share count is declining. Nvidia has been aggressively repurchasing shares:

• FY2025 (cal. 2024): $15.4 billion in buybacks
• FY2026 (cal. 2025): $33.5 billion in buybacks

This buyback pace — funded by the $77 billion in free cash flow Nvidia generated in calendar 2025 — reduces diluted share count over time, amplifying per-share earnings growth beyond the underlying profit growth. See Nvidia Free Cash Flow History for context on how buybacks are funded.

EPS vs. Non-GAAP EPS

Note: Nvidia and financial media frequently report non-GAAP (adjusted) EPS, which excludes stock-based compensation (~$1.6–1.7B per quarter), acquisition-related charges, and other items. Non-GAAP EPS is typically 15–25% higher than GAAP EPS. This dataset shows GAAP diluted EPS only, as reported in SEC EDGAR XBRL filings. For non-GAAP EPS, refer to Nvidia’s quarterly earnings press releases.

For context on the SBC that bridges GAAP and non-GAAP EPS, see Nvidia Stock-Based Compensation History.

Key Takeaways

• GAAP diluted EPS grew from $0.25 (2020 Q3) to $1.76 (2026 Q1) — 7x in split-adjusted terms
• The 10-for-1 stock split in June 2024 is already reflected in all historical values
• Buybacks ($33.5B in calendar 2025) accelerate per-share EPS growth beyond net income growth
• Non-GAAP EPS is 15–25% higher than GAAP; this dataset shows GAAP only