Financials

Nike Inc. financials

NKE Textiles, Apparel and Luxury Goods

Nike Inc. is a global leader in athletic footwear, apparel, and equipment, originally founded in 1964 and rebranded in 1971. The company leverages a hybrid business model featuring robust wholesale and emerging direct-to-consumer channels, with flagship products like Nike Air and Nike Zoom driving revenue. Under CEO John Donahoe’s leadership, Nike continues to innovate through digital transformation and sustainable initiatives. Its dominant market position and strategic growth plans make it a compelling stock in the consumer discretionary sector.

Snapshot

Nike Inc. reported $46.31B in revenue in fiscal 2025, up -9.8% year over year, with an operating margin of 8.0%.

Revenue (FY2025): $46.31B
YoY growth: +-9.8%
Operating margin: 8.0%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	46,309,000	51,362,000	51,217,000	46,710,000
Cost of Sales	26,519,000	28,475,000	28,925,000	25,231,000
Gross Profit	19,790,000	22,887,000	22,292,000	21,479,000
Selling, General & Administrative Expenses	16,088,000	16,576,000	16,377,000	14,804,000
Operating Profit	3,702,000	6,311,000	5,915,000	6,675,000
Interest Expense	107,000	161,000	6,000	(205,000)
Non-Operating Income	76,000	228,000	280,000	181,000
Total Non-Operating Income	183,000	389,000	286,000	(24,000)
Income Before Provision for Income Taxes	3,885,000	6,700,000	6,201,000	6,651,000
Provision for Income Taxes	666,000	1,000,000	1,131,000	605,000
Consolidated Net Income	3,219,000	5,700,000	5,070,000	6,046,000
Net Income Attributable to Common Shareholders	3,219,000	5,700,000	5,070,000	6,046,000
Basic EPS	2.17	3.76	3.27	3.83
Diluted EPS	2.16	3.73	3.23	3.75
Basic Weighted Average Shares Outstanding	1,484,900	1,517,600	1,551,600	1,578,800
Diluted Weighted Average Shares Outstanding	1,487,600	1,529,700	1,569,800	1,610,800
Shares Outstanding	1,476,000	1,503,000	1,532,000	1,571,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	7,464,000	9,860,000	7,441,000	8,574,000
Short-Term Investments	1,687,000	1,722,000	3,234,000	4,423,000
Total Cash and Cash Equivalents	9,151,000	11,582,000	10,675,000	12,997,000
Accounts Receivable	4,717,000	4,427,000	4,131,000	4,667,000
Total Trade Receivables	4,717,000	4,427,000	4,131,000	4,667,000
Inventories	7,489,000	7,519,000	8,454,000	8,420,000
Other Current Assets	2,005,000	1,854,000	1,942,000	2,129,000
Total Current Assets	23,362,000	25,382,000	25,202,000	28,213,000
Net Property, Plant & Equipment	7,540,000	7,718,000	8,004,000	7,717,000
Net Intangible Assets	259,000	259,000	274,000	286,000
Goodwill	240,000	240,000	281,000	284,000
Other Long-Term Assets	5,178,000	4,511,000	3,770,000	3,821,000
Total Assets	36,579,000	38,110,000	37,531,000	40,321,000
Accounts Payable	3,479,000	2,851,000	2,862,000	3,358,000
Accrued Expenses	5,911,000	5,725,000	5,723,000	6,220,000
Short-Term Debt	5,000	6,000	6,000	10,000
Current Portion of Long-Term Debt	—	1,000,000	—	500,000
Current Portion of Leases	502,000	477,000	425,000	420,000
Other Current Liabilities	669,000	534,000	240,000	222,000
Total Current Liabilities	10,566,000	10,593,000	9,256,000	10,730,000
Long-Term Debt	7,961,000	7,903,000	8,927,000	8,920,000
Leases	2,550,000	2,566,000	2,786,000	2,777,000
Other Long-Term Liabilities	2,289,000	2,618,000	2,558,000	2,613,000
Total Long-Term Liabilities	12,800,000	13,087,000	14,271,000	14,310,000
Total Liabilities	23,366,000	23,680,000	23,527,000	25,040,000
Common Stock	3,000	3,000	3,000	3,000
Additional Paid-in Capital	14,195,000	13,409,000	12,412,000	11,484,000
Accumulated Other Comprehensive Income	(258,000)	53,000	231,000	318,000
Retained Earnings	(727,000)	965,000	1,358,000	3,476,000
Total Common Shareholders' Equity	13,213,000	14,430,000	14,004,000	15,281,000
Total Shareholders' Equity	13,213,000	14,430,000	14,004,000	15,281,000
Total Liabilities and Shareholders' Equity	36,579,000	38,110,000	37,531,000	40,321,000

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	3,219,000	5,700,000	5,070,000	6,046,000
Depreciation & Amortization	775,000	796,000	703,000	717,000
Share-Based Compensation Expense	709,000	804,000	755,000	638,000
Other Adjustments	(218,000)	(587,000)	(174,000)	(553,000)
Changes in Trade Receivables	(257,000)	(329,000)	489,000	(504,000)
Changes in Inventories	120,000	908,000	(133,000)	(1,676,000)
Changes in Other Operating Activities	(650,000)	137,000	(869,000)	520,000
Cash from Operating Activities	3,698,000	7,429,000	5,841,000	5,188,000
Capital Expenditure	(430,000)	(812,000)	(969,000)	(758,000)
Purchases of Investments	(3,234,000)	(4,767,000)	(6,059,000)	(12,913,000)
Proceeds from Sale of Investments	3,381,000	6,488,000	7,540,000	12,166,000
Other Investing Activities	8,000	(15,000)	52,000	(19,000)
Cash from Investing Activities	(275,000)	894,000	564,000	(1,524,000)
Repayments of Long-Term Debt	(1,000,000)	—	(500,000)	—
Net Issuance / (Repayments) of Long-Term Debt	(1,000,000)	—	(500,000)	—
Issuance of Common Shares	551,000	667,000	651,000	1,151,000
Repurchases of Common Shares	(2,985,000)	(4,250,000)	(5,480,000)	(4,014,000)
Net Issuance / (Repurchases) of Common Shares	(2,434,000)	(3,583,000)	(4,829,000)	(2,863,000)
Common Share Dividends Paid	(2,300,000)	(2,169,000)	(2,012,000)	(1,837,000)
Other Financing Activities	(86,000)	(136,000)	(106,000)	(136,000)
Cash from Financing Activities	(5,820,000)	(5,888,000)	(7,447,000)	(4,836,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,000	(16,000)	(91,000)	(143,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(2,396,000)	2,419,000	(1,133,000)	(1,315,000)

Key metrics

$89.43B

Market Cap

28.05x

P/E

1.93x

P/S

20.39x

EV/EBITDA

23.3%

Return on Equity

17.0%

Return on Invested Capital

2.21x

Current Ratio

2.6%

Dividend Yield

7.1%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q3 2026	$11.28B	+0.1%	4.9%	$553M
Q2 2026	$12.43B	+0.6%	8.1%	$1.01B
Q1 2026	$11.72B	+1.1%	7.9%	$927M
Q4 2025	$11.10B	+-12.0%	2.9%	$321M
Q3 2025	$11.27B	—	7.0%	$788M
Q2 2025	$12.35B	—	11.2%	$1.38B
Q1 2025	$11.59B	—	10.4%	$1.21B
Q4 2024	$12.61B	—	12.3%	$1.55B

Margins

42.7%

Gross margin

8.0%

Operating margin

7.0%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-19

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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