NVIDIA vs AMD — Free Cash Flow Comparison

NVIDIA (NVDA) free cash flow was $96.7B in FY2026 (+59% YoY); AMD (AMD) free cash flow was $6.7B in FY2025 (+180% YoY). The tables below show the complete quarterly and annual free cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	NVIDIA	AMD
2026	$96.7B	—
2025	$60.9B	$6.7B
2024	$27.0B	$2.4B
2023	$3.8B	$1.1B
2022	$8.1B	$3.1B
2021	$4.7B	$3.2B
2020	$4.3B	$777M
2019	$3.1B	$276M
2018	$2.9B	-$129M
2017	$1.5B	-$101M
2016	$1.1B	$4M
2015	$784M	-$322M
2014	$580M	-$193M
2013	$641M	-$232M
2012	$770M	-$471M
2011	$578M	$132M
2010	$410M	-$560M
2009	—	$7M
2008	—	-$1.3B

NVIDIA — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2026	$96.7B	+59%
2025	$60.9B	+125%
2024	$27.0B	+610%
2023	$3.8B	-53%
2022	$8.1B	+73%
2021	$4.7B	+10%
2020	$4.3B	+36%
2019	$3.1B	+8%
2018	$2.9B	+94%
2017	$1.5B	+37%
2016	$1.1B	+39%
2015	$784M	+35%
2014	$580M	-9%
2013	$641M	-17%
2012	$770M	+33%
2011	$578M	+41%
2010	$410M

AMD — Annual Free Cash Flow

Fiscal Year	Free Cash Flow	YoY
2025	$6.7B	+180%
2024	$2.4B	+115%
2023	$1.1B	-64%
2022	$3.1B	-3%
2021	$3.2B	+314%
2020	$777M	+182%
2019	$276M	+314%
2018	-$129M	-28%
2017	-$101M	-2625%
2016	$4M	+101%
2015	-$322M	-67%
2014	-$193M	+17%
2013	-$232M	+51%
2012	-$471M	-457%
2011	$132M	+124%
2010	-$560M	-8100%
2009	$7M	+101%
2008	-$1.3B

Source: NVDA on EDGAR · AMD on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.