Nitric acid is a relatively strong acid and oxidizing agent.
It reacts with water to form hydronium ion and nitrate.
Nitric acid with water reacts as follows:
The reaction of Nitric acid with water can be treated as an example of Bronsted acid-base reaction, where hydronium ion acts as a conjugate acid of water and Nitrate ion acts as a conjugate base of Nitric acid.
Nitric acid reacts with water to form hydronium ion which is a conjugate acid, while the nitrate is the conjugate base.