NVIDIA vs Microsoft — Operating Income Comparison

NVIDIA (NVDA) operating income was $130.4B in FY2026 (+60% YoY); Microsoft (MSFT) operating income was $128.5B in FY2025 (+17% YoY). The tables below show the complete quarterly and annual operating income history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	NVIDIA	Microsoft
2026	$130.4B	—
2025	$81.5B	$128.5B
2024	$33.0B	$109.4B
2023	$4.2B	$88.5B
2022	$10.0B	$83.4B
2021	$4.5B	$69.9B
2020	$2.8B	$53.0B
2019	$3.8B	$43.0B
2018	$3.2B	$35.1B
2017	$1.9B	$29.3B
2016	$878M	$26.6B
2015	$759M	$20.2B
2014	$496M	$27.8B
2013	$648M	$26.8B
2012	$648M	$21.8B
2011	$256M	$27.2B
2010	-$99M	$24.1B
2009	-$71M	$20.4B
2008	$836M	$22.3B

NVIDIA — Annual Operating Income

Fiscal Year	Operating Income	YoY
2026	$130.4B	+60%
2025	$81.5B	+147%
2024	$33.0B	+681%
2023	$4.2B	-58%
2022	$10.0B	+122%
2021	$4.5B	+59%
2020	$2.8B	-25%
2019	$3.8B	+19%
2018	$3.2B	+66%
2017	$1.9B	+121%
2016	$878M	+16%
2015	$759M	+53%
2014	$496M	-23%
2013	$648M	-0%
2012	$648M	+153%
2011	$256M	+358%
2010	-$99M	-40%
2009	-$71M	-108%
2008	$836M

Microsoft — Annual Operating Income

Fiscal Year	Operating Income	YoY
2025	$128.5B	+17%
2024	$109.4B	+24%
2023	$88.5B	+6%
2022	$83.4B	+19%
2021	$69.9B	+32%
2020	$53.0B	+23%
2019	$43.0B	+23%
2018	$35.1B	+20%
2017	$29.3B	+10%
2016	$26.6B	+31%
2015	$20.2B	-27%
2014	$27.8B	+4%
2013	$26.8B	+23%
2012	$21.8B	-20%
2011	$27.2B	+13%
2010	$24.1B	+18%
2009	$20.4B	-9%
2008	$22.3B

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