NVDA · 10-K · 2026A · Full report

Operating and R&D Expense Trends

NVIDIA CORP · 2026-02-25 · Importance 64 · Surprise 56

Total operating expenses increased to $23.1 billion in FY2026, up 41% year-over-year, driven by higher compensation and benefits and compute/infrastructure costs. Research and development expense rose to $18.5 billion (an increase driven by a 29% rise in compensation and benefits and a 79% increase in compute and infrastructure). Sales, general and administrative expense increased largely due to compensation and employee growth as well. Management attributes the expense increases to employee growth, higher compensation, and increased use of compute and infrastructure to support product and platform development.

Key facts