NVIDIA Research and development expenses
Research and development expenses of NVIDIA 2009-2022
The following table shows the research and development expenses of NVIDIA Corp from 2009 to 2022. The amounts are in millions.
| Year | R&D Expenses (million) |
| 2022 | $5,268 |
| 2021 | $3,924 |
| 2020 | $2,829 |
| 2019 | $2,376 |
| 2018 | $1,797 |
| 2017 | $1,463 |
| 2016 | $1,331 |
| 2015 | $1,360 |
| 2014 | $1,336 |
| 2013 | $1,147 |
| 2012 | $1,003 |
| 2011 | $849 |
| 2010 | $909 |
| 2009 | $856 |
NVIDIA experienced solid growth in its revenues, net income and operating income in 2022 compared to the previous fiscal. 2022 was the best year in its history in terms of financial performance.
While the net revenues of the company increased 61% in 2022 compared to the previous fiscal, operating income increased 123% and diluted EPS increased 123% in 2022 compared to the previous fiscal.
Over the previous four to five years, NVIDIA has kept increasing its research and development expenses sharply. The company has also released a wide array of game changing products in recent years.
NVIDIA spent $5,268 million on research and development in 2022 compared to $3,924 million in the previous fiscal. Its R&D expenses increased 34% in 2022 compared to 2021.The company spent 19.6% of its net revenues on research and development in 2022 compared to 23.5% in the previous fiscal. Its total operating expenses amounted to $7,434 million in 2022 compared to $5,864 million in 2021.