Nintendo reported net income of approximately ¥490 billion ($3.3 billion USD) for fiscal year 2024, down from its FY2021 record but still among the highest profit margins in the games industry. The company's asset-light model — selling proprietary hardware and first-party software — consistently generates net margins above 25%, outperforming most consumer electronics peers.
Annual Earnings Of Nintendo
| Fiscal Year |
Net Income (USD equiv.) |
YoY Change |
| FY2015 | $0.46B | — |
| FY2016 | $0.30B | −34.8% |
| FY2017 | $0.54B | +80.0% |
| FY2018 | $1.82B | +237.0% |
| FY2019 | $1.90B | +4.4% |
| FY2020 | $2.90B | +52.6% |
| FY2021 | $4.84B | +66.9% |
| FY2022 | $3.56B | −26.4% |
| FY2023 | $3.04B | −14.6% |
| FY2024 | $3.30B | +8.6% |
Nintendo P/E Ratio
| Fiscal Year |
P/E Ratio |
YoY Change |
| FY2015 | 38.2x | — |
| FY2016 | 58.0x | +51.8% |
| FY2017 | 72.4x | +24.8% |
| FY2018 | 21.5x | −70.3% |
| FY2019 | 20.4x | −5.1% |
| FY2020 | 21.5x | +5.4% |
| FY2021 | 11.3x | −47.4% |
| FY2022 | 12.9x | +14.2% |
| FY2023 | 19.2x | +48.8% |
| FY2024 | 16.0x | −16.7% |
