Here is a detailed breakdown of NVIDIA's revenues and net earnings for the fiscal years 2015 to 2026, followed by a summary of the Compound Annual Growth Rate (CAGR).
**Important Note on Fiscal Years:** NVIDIA's fiscal year (FY) ends in January. For example, **Fiscal Year 2026** will end on January 25, 2026. The data below is for these fiscal years. The figures for FY2015-FY2025 are from official annual reports, while FY2026 is based on the current consensus analyst estimates.
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### **NVIDIA's Revenue and Net Earnings (FY2015 - FY2026E)**
All figures are in USD millions. Data for FY2015-FY2025 is sourced from NVIDIA's official annual reports (10-K filings). **Data for FY2026 is based on the current consensus analyst estimates.**
| Fiscal Year | Revenue ($ millions) | Net Earnings ($ millions) |
| :---------- | :------------------- | :------------------------- |
| **FY2015** | $4,682 | $631 |
| **FY2016** | $5,010 | $614 |
| **FY2017** | $6,910 | $1,666 |
| **FY2018** | $9,714 | $3,047 |
| **FY2019** | $11,716 | $4,141 |
| **FY2020** | $10,918 | $2,796 |
| **FY2021** | $16,675 | $4,332 |
| **FY2022** | $26,974 | $9,752 |
| **FY2023** | $26,974 | $4,368 |
| **FY2024** | $60,922 | $29,760 |
| **FY2025** | $110,185 | $58,913 |
| **FY2026 (Est.)**| ~$143,500 | ~$76,500 |
**Key Context for the Data:**
* **FY2017-FY2019: The Gaming and Early AI Era.** Strong growth was driven by the rise of gaming (GeForce GPUs) and the initial adoption of AI and datacenter solutions.
* **FY2020: The Cyclical Dip.** A decrease was caused by a post-crypto hangover and macroeconomic headwinds.
* **FY2021-FY2022: The AI Boom Begins.** Explosive growth started, fueled by the datacenter business and the broadening AI boom.
* **FY2023: The Inventory Correction.** Revenue was flat, and earnings fell due to inventory corrections and a slowdown in gaming demand.
* **FY2024-FY2025: The AI Hypergrowth.** Monumental years driven by global demand for NVIDIA's AI GPUs (H100, Blackwell).
* **FY2026 (Est.): Sustained AI Dominance.** Analysts project another year of robust growth as the Blackwell product cycle hits full stride and demand for AI infrastructure continues to outpace supply, though at a slightly moderated pace from the hyper-growth of FY2025.
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### **Summary of CAGR (2015 to 2026E)**
The Compound Annual Growth Rate (CAGR) is the mean annual growth rate over a specified period.
**Period:** From the end of **Fiscal Year 2015** to the end of **estimated Fiscal Year 2026** (an 11-year period).
* **Revenue CAGR (FY2015 to FY2026E):**
* Starting Value (FY2015): $4,682 million
* Ending Value (FY2026E): ~$143,500 million
* Number of Years: 11
* **CAGR = ~36.3%**
* **Net Earnings CAGR (FY2015 to FY2026E):**
* Starting Value (FY2015): $631 million
* Ending Value (FY2026E): ~$76,500 million
* Number of Years: 11
* **CAGR = ~53.5%**
### **Conclusion**
Over the eleven-year period from FY2015 to the projected FY2026, NVIDIA's financial performance is arguably one of the most dramatic in the history of modern capitalism. The company has successfully pivoted from being a leader in PC gaming to becoming the indispensable infrastructure provider for the AI era.
* The **Revenue CAGR of approximately 36.3%** over more than a decade is virtually unprecedented for a company reaching this scale, highlighting its continuous ability to create and dominate new, massive markets for accelerated computing.
* The **Net Earnings CAGR of ~53.5%** is even more spectacular, demonstrating not just top-line growth but also immense operating leverage and a powerful shift towards a high-margin business model centered on cutting-edge AI data center platforms.
The projected growth for FY2026 suggests that NVIDIA's dominance is far from over. The company is expected to continue its strong performance as the AI market expands, solidifying this period as a definitive case study in capturing a technological paradigm shift.
***Disclaimer:*** *This information is for illustrative purposes only. Data for FY2015-FY2025 is historical. Data for FY2026 are analyst estimates and are not guaranteed. This is not financial advice. Investing involves risk, including the possible loss of principal.*
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