§ 04Adjusted EBITDA margin vs the megacap cohort
An 89% adjusted EBITDA margin is the kind of number that makes analysts re-check their cells. It is real, and it puts NVDA in a tier of one — but the cohort it competes with for capital is informative.
Trailing adj. EBITDA margin · most recent reporting period
| Company | Profile | Rev (TTM) | Adj. EBITDA | Margin |
|---|
| NVIDIA (NVDA) | AI accelerators | $240B+ | $215B+ | ~89% |
| Visa (V) | Card networks | $38B | $28B | ~73% |
| Mastercard (MA) | Card networks | $28B | $17B | ~61% |
| Microsoft (MSFT) | Software + cloud | $265B | $160B | ~60% |
| Apple (AAPL) | Devices + services | $400B | $140B | ~35% |
| Meta (META) | Social + ads | $165B | $95B | ~58% |
| Alphabet (GOOGL) | Search + cloud | $355B | $155B | ~44% |