Nike Inc. Class B Common Stock (NKE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.13	$0.72	+453.8%	—	—	—
Q4 26	$0.28	$0.35	+25.0%	—	—	—
Q3 26	$0.38	$0.53	+39.5%	—	—	—
Q2 26	$0.27	$0.49	+81.5%	—	—	—
Q1 26	$0.12	$0.14	+16.7%	—	—	—
Q4 25	$0.29	$0.54	+86.2%	—	—	—
Q3 25	$0.63	$0.78	+23.8%	—	—	—
Q2 25	$0.52	$0.7	+34.6%	—	—	—
Q1 25	$0.83	$0.99	+19.3%	—	—	—
Q4 24	$0.76	$0.98	+28.9%	—	—	—
Q3 24	$0.85	$1.03	+21.2%	—	—	—
Q2 24	$0.75	$0.94	+25.3%	—	—	—
Q1 24	$0.67	$0.66	-1.5%	—	—	—
Q4 23	$0.55	$0.79	+43.6%	—	—	—
Q3 23	$0.64	$0.85	+32.8%	—	—	—
Q2 23	$0.92	$0.93	+1.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$2.1	—	—	$46.4B	—
FY25	—	$2.17	—	—	$46.3B	—
FY24	—	$3.76	—	—	$51.4B	—
FY23	—	$3.27	—	—	$51.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$34.4B	$36.4B	$39.1B	$37.4B	$44.5B	$46.7B	$51.2B	$51.4B	$46.3B	$46.4B
YoY change	+6.1%	+5.96%	+7.47%	-4.38%	+19.1%	+4.88%	+9.65%	+0.28%	-9.84%	+0.19%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	34.4B	36.4B	39.1B	37.4B	44.5B	46.7B	51.2B	51.4B	46.3B	46.4B
Cost of revenue	19B	20.4B	21.6B	21.2B	24.6B	25.2B	28.9B	28.5B	26.5B	26.5B
Gross profit	15.3B	16B	17.5B	16.2B	20B	21.5B	22.3B	22.9B	19.8B	19.9B
Gross margin	44.6%	43.8%	44.7%	43.4%	44.8%	46%	43.5%	44.6%	42.7%	42.9%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	10.6B	11.5B	12.7B	13.1B	13B	14.8B	16.4B	16.6B	16.1B	16.1B
Operating expenses	10.6B	11.5B	12.7B	13.1B	22.9B	25.8B	28.7B	16.6B	16.1B	16.1B
Operating income	4.7B	4.4B	4.8B	3.1B	6.9B	6.7B	5.9B	6.3B	3.7B	3.8B
Operating margin	13.8%	12.2%	12.2%	8.33%	15.6%	14.3%	11.5%	12.3%	7.99%	8.18%
Non-operating income, net	196M	-66M	78M	-139M	-14M	181M	280M	228M	76M	53M
Pretax income	4.9B	4.3B	4.8B	2.9B	6.7B	6.7B	6.2B	6.7B	3.9B	3.9B
Income tax	646M	2.4B	772M	348M	934M	605M	1.1B	1B	666M	792M
Net income	4.2B	1.9B	4B	2.5B	5.7B	6B	5.1B	5.7B	3.2B	3.1B
Net margin	12.3%	5.31%	10.3%	6.79%	12.9%	12.9%	9.9%	11.1%	6.95%	6.7%
EBITDA	5.5B	5.2B	5.5B	4.2B	7.7B	7.5B	6.8B	7.2B	4.5B	4.6B
EPS	2.56	1.19	2.55	1.63	3.64	3.83	3.27	3.76	2.17	2.1
Diluted EPS	2.51	1.17	2.49	1.6	3.56	3.75	3.23	3.73	2.16	2.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	12.9B	13.4B	12.4B	12.6B	11.6B	12.4B	11.3B	11.1B	11.7B	12.4B	11.3B	11B
Cost of revenue	7.2B	7.4B	6.9B	7B	6.3B	7B	6.6B	6.6B	6.8B	7.4B	6.7B	5.6B
Gross profit	5.7B	6B	5.6B	5.6B	5.3B	5.4B	4.7B	4.5B	4.9B	5B	4.5B	5.4B
Gross margin	44.2%	44.6%	44.8%	44.7%	45.4%	43.6%	41.5%	40.3%	42.2%	40.6%	40.2%	49.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	4.1B	4.1B	4.2B	4.1B	4B	4B	3.9B	4.1B	4B	4B	4B	4.1B
Operating expenses	7.2B	7.2B	4.2B	4.1B	4B	4B	3.9B	4.1B	4B	4B	4B	4.1B
Operating income	1.6B	1.8B	1.3B	1.5B	1.2B	1.4B	788M	321M	927M	1B	553M	1.3B
Operating margin	12.4%	13.6%	10.7%	12.3%	10.4%	11.2%	6.99%	2.89%	7.91%	8.1%	4.9%	11.9%
Non-operating income, net	10M	75M	16M	127M	55M	8M	38M	-25M	-23M	-16M	82M	10M
Pretax income	1.6B	1.9B	1.4B	1.7B	1.3B	1.4B	844M	318M	922M	999M	650M	1.3B
Income tax	198M	344M	232M	226M	256M	253M	50M	107M	195M	207M	130M	260M
Net income	1.4B	1.6B	1.2B	1.5B	1.1B	1.2B	794M	211M	727M	792M	520M	1.1B
Net margin	11.2%	11.8%	9.43%	11.9%	9.07%	9.41%	7.05%	1.9%	6.2%	6.37%	4.61%	9.74%
EBITDA	1.8B	2B	1.6B	1.8B	1.4B	1.6B	1B	518M	1.1B	1.2B	769M	1.5B
EPS	0.95	1.04	0.77	0.99	0.7	0.78	0.54	0.14	0.49	0.54	0.35	0.72
Diluted EPS	0.94	1.03	0.77	0.99	0.7	0.78	0.54	0.14	0.49	0.53	0.35	0.72

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	87.8B	116.6B	121.9B	153.7B	214.7B	187.6B	163.3B	144.2B	90B	68.4B	54B
Enterprise value	85.5B	115.2B	120.7B	157.9B	214B	187.3B	164.8B	144.6B	91.8B	70.4B	55.1B
Shares outstanding	1.7B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	20.7	60.3	30.2	60.5	37.5	31	32.2	25.3	27.9	22	17
P/S	2.56	3.2	3.12	4.11	4.82	4.02	3.19	2.81	1.94	1.47	1.14
P/B	7.08	11.9	13.5	19.1	16.8	12.3	11.7	10	6.81	4.6	3.57
EV/EBITDA	15.6	22.1	22	37.3	27.7	24.9	24.3	20.2	20.4	15.3	11.2
EV/Sales	2.49	3.16	3.08	4.22	4.8	4.01	3.22	2.82	1.98	1.52	1.19
Earnings yield	4.83%	1.66%	3.31%	1.65%	2.67%	3.22%	3.1%	3.95%	3.58%	4.54%	5.87%
FCF yield	3.12%	3.37%	3.93%	0.91%	2.78%	2.36%	2.98%	4.59%	3.63%	3.19%	3.5%
PEG	—	—	—	—	—	—	—	—	—	—	0.04

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	44.6%	43.8%	44.7%	43.4%	44.8%	46%	43.5%	44.6%	42.7%	42.9%	49.2%
Operating margin	13.8%	12.2%	12.2%	8.33%	15.6%	14.3%	11.5%	12.3%	7.99%	8.18%	12.7%
Net margin	12.3%	5.31%	10.3%	6.79%	12.9%	12.9%	9.9%	11.1%	6.95%	6.7%	6.7%
ROE	34.2%	19.7%	44.6%	31.5%	44.9%	39.6%	36.2%	39.5%	24.4%	20.9%	22.1%
ROA	18.2%	8.58%	17%	8.1%	15.2%	15%	13.5%	15%	8.8%	8.09%	6.97%
ROIC	41.1%	23.7%	51%	22.3%	49.3%	40.7%	31.3%	36.3%	20.3%	17.9%	17.9%
Return on tangible assets	18.9%	8.93%	17.6%	8.37%	15.6%	15.4%	13.9%	15.4%	9.05%	8.31%	8.31%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.93	2.51	2.1	2.48	2.72	2.63	2.72	2.4	2.21	1.96	1.96
Quick ratio	2.01	1.63	1.39	1.59	2.01	1.84	1.81	1.69	1.5	1.36	1.36
Debt / equity	0.31	0.39	0.38	1.62	1	0.83	0.87	0.83	0.83	0.74	0.74
Debt / assets	0.16	0.17	0.15	0.42	0.34	0.31	0.32	0.31	0.3	0.29	0.29
Net debt / EBITDA	-0.43	-0.27	-0.22	1	-0.09	-0.05	0.22	0.05	0.41	0.44	0.44
Effective tax rate	13.2%	55.3%	16.1%	12.1%	14%	9.1%	18.2%	14.9%	17.1%	20.3%	20.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	20.7	22.4	24.8	24	28.3	29.6	33	33.8	31.2	31.4	31.4
EPS (basic)	2.56	1.19	2.55	1.63	3.64	3.83	3.27	3.76	2.17	2.1	2.1
EPS (diluted)	2.51	1.17	2.49	1.6	3.56	3.75	3.23	3.73	2.16	2.1	2.1
Book value per share	7.48	6.04	5.72	5.17	8.12	9.68	9.03	9.51	8.9	10	10
FCF per share	1.65	2.42	3.03	0.9	3.79	2.81	3.14	4.36	2.2	1.48	1.47
Cash per share	3.73	3.23	2.95	5.64	8.57	8.23	6.88	7.63	6.16	6.1	6.08
Capex per share	0.66	0.63	0.71	0.7	0.44	0.48	0.62	0.54	0.29	—	—

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	3.18%	2.82%	2.86%	2.9%	1.56%	1.62%	1.89%	1.58%	0.93%	—	—
Capex / operating cash flow	25.7%	20.5%	19.1%	34.9%	9.96%	12.5%	14.5%	10.4%	11.1%	—	—
Payout ratio	26.7%	64.3%	33.1%	57.2%	28.6%	30.4%	39.7%	38.1%	71.5%	77.4%	77.6%
Dividend yield	1.29%	1.07%	1.09%	0.94%	0.76%	0.98%	1.23%	1.5%	2.56%	3.52%	4.51%

Yield

4.51%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.41

ex-dividend Sep 1, 2026

Payout ratio

78%

of earnings

Dividend growth

13 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.41
Jun 1, 2026	$0.41
Mar 2, 2026	$0.41

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$12.9B	$13.4B	$12.4B	$12.6B	$11.6B	$12.4B	$11.3B	$11.1B	$11.7B	$12.4B	$11.3B	$11B
YoY change	+1.99%	+0.55%	+0.31%	-1.71%	-10.4%	-7.72%	-9.33%	-12%	+1.13%	+0.59%	+0.09%	-1.13%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	6.2B	5.2B	4.7B	8.8B	13.5B	13B	10.7B	11.6B	9.2B	9B
Receivables	3.7B	3.5B	4.3B	2.7B	4.5B	4.7B	4.1B	4.4B	4.7B	5.9B
Inventory	5.1B	5.3B	5.6B	7.4B	6.9B	8.4B	8.5B	7.5B	7.5B	7.5B
Total current assets	16.1B	15.1B	16.5B	20.6B	26.3B	28.2B	25.2B	25.4B	23.4B	24.6B
Property, plant & equipment	2.4B	2.3B	2.3B	5.5B	4.7B	4.5B	4.7B	4.3B	4B	4B
Goodwill & intangibles	844M	878M	874M	994M	1B	1.1B	1.1B	998M	998M	998M
Total assets	23.3B	22.5B	23.7B	31.3B	37.7B	40.3B	37.5B	38.1B	36.6B	38.4B
Accounts payable	2B	2.3B	2.6B	2.2B	2.8B	3.4B	2.9B	2.9B	3.5B	3.6B
Short-term debt	331M	342M	15M	696M	469M	930M	431M	1.5B	507M	2.5B
Total current liabilities	5.5B	6B	7.9B	8.3B	9.7B	10.7B	9.3B	10.6B	10.6B	12.5B
Long-term debt	3.5B	3.5B	3.5B	12.3B	12.3B	11.7B	11.7B	10.5B	10.5B	8.6B
Total liabilities	10.9B	12.7B	14.7B	23.3B	25B	25B	23.5B	23.7B	23.4B	23.5B
Shareholders' equity	12.4B	9.8B	9B	8.1B	12.8B	15.3B	14B	14.4B	13.2B	14.9B
Total debt	3.8B	3.8B	3.5B	13B	12.8B	12.6B	12.1B	12B	11B	11B
Net debt	-6M	-439M	-987M	4.7B	2.9B	4.1B	4.7B	2.1B	3.6B	3.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	8.8B	9.9B	10.6B	11.6B	10.3B	9.8B	10.4B	9.2B	8.6B	8.3B	8.1B	9B
Receivables	4.7B	4.8B	4.5B	4.4B	4.8B	5.3B	4.5B	4.7B	5B	5.7B	5.4B	5.9B
Inventory	8.7B	8B	7.7B	7.5B	8.3B	8B	7.5B	7.5B	8.1B	7.7B	7.5B	7.5B
Total current assets	24.3B	24.6B	24.8B	25.4B	25B	25B	24.6B	23.4B	23.9B	24B	23.2B	24.6B
Property, plant & equipment	8B	8.1B	7.9B	4.3B	7.7B	7.6B	7.3B	4B	7.6B	7.7B	7.7B	4B
Goodwill & intangibles	1.1B	1.1B	998M	998M	998M	998M	996M	998M	998M	998M	998M	998M
Total assets	36.8B	37.2B	37.4B	38.1B	37.9B	38B	37.8B	36.6B	37.3B	37.8B	37.1B	38.4B
Accounts payable	2.7B	2.7B	2.3B	2.9B	3.4B	3.3B	3.1B	3.5B	3.8B	3.7B	2.9B	3.6B
Short-term debt	441M	462M	480M	1.5B	1.5B	1.5B	1.5B	507M	510M	1.5B	1.5B	2.5B
Total current liabilities	8.5B	9B	9B	10.6B	10.6B	11.2B	11.2B	10.6B	10.9B	11.6B	10.8B	12.5B
Long-term debt	11.7B	11.7B	11.6B	10.5B	10.6B	10.5B	10.4B	10.5B	10.6B	9.8B	9.7B	8.6B
Total liabilities	22.8B	23.1B	23.1B	23.7B	23.9B	23.9B	23.8B	23.4B	23.9B	23.7B	23B	23.5B
Shareholders' equity	14B	14.1B	14.2B	14.4B	13.9B	14B	14B	13.2B	13.5B	14.1B	14.1B	14.9B
Total debt	12.2B	12.2B	12.1B	12B	12.1B	12.1B	11.9B	11B	11.1B	11.3B	11.2B	11B
Net debt	6B	4.3B	3.1B	2.1B	3.6B	4.1B	3.3B	3.6B	4B	4.3B	4.5B	3.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	4.2B	1.9B	4B	2.5B	5.7B	6B	5.1B	5.7B	3.2B	3.1B
Depreciation & amortization	716M	774M	720M	1.1B	797M	840M	859M	844M	808M	797M
Stock-based compensation	215M	218M	325M	429M	611M	638M	755M	804M	709M	715M
Change in working capital	-657M	1.4B	765M	-591M	227M	-815M	131M	976M	-563M	-2.2B
Operating cash flow	4.2B	5B	5.9B	3.1B	7B	6.1B	6.7B	7.8B	3.9B	2.9B
Capital expenditure	-1.1B	-1B	-1.1B	-1.1B	-695M	-758M	-969M	-812M	-430M	—
Investing cash flow	-1B	276M	-264M	-1B	-3.8B	-1.5B	564M	894M	-275M	196M
Dividends paid	-1.1B	-1.2B	-1.3B	-1.5B	-1.6B	-1.8B	-2B	-2.2B	-2.3B	-2.4B
Share repurchases	-3.2B	-4.3B	-4.3B	-3.1B	-608M	-4B	-5.5B	-4.3B	-3B	-146M
Financing cash flow	-2.6B	-5.6B	-6B	1.6B	-2.6B	-6B	-8.1B	-6.6B	-6.4B	-2.6B
Net change in cash	596M	-302M	-384M	3.7B	546M	-1.5B	-836M	2.2B	-2.8B	418M
Free cash flow	2.7B	3.9B	4.8B	1.4B	6B	4.4B	4.9B	6.6B	3.3B	2.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	1.4B	1.6B	1.2B	1.5B	1.1B	1.2B	794M	211M	727M	792M	520M	1.1B
Depreciation & amortization	186M	184M	270M	204M	184M	185M	242M	197M	198M	180M	216M	203M
Stock-based compensation	196M	206M	216M	186M	183M	192M	169M	165M	185M	176M	194M	160M
Change in working capital	-1.6B	1.1B	524M	920M	-699M	-822M	1.1B	-150M	-732M	-822M	-532M	-111M
Operating cash flow	166M	3B	2B	2.6B	666M	583M	2.2B	439M	222M	579M	430M	1.6B
Capital expenditure	-253M	-205M	-141M	-213M	-120M	-129M	-81M	-100M	—	—	—	—
Investing cash flow	418M	457M	309M	-290M	-166M	-84M	-49M	14M	148M	147M	-22M	-74M
Dividends paid	-524M	-523M	-562M	-560M	-558M	-557M	-594M	-591M	-591M	-598M	-609M	-609M
Share repurchases	-1.1B	-1.2B	-883M	-1B	-1.2B	-1.1B	-506M	-199M	-126M	-20M	0	0
Financing cash flow	-1.7B	-1.8B	-1.5B	-1.6B	-1.8B	-1.7B	-1.2B	-795M	-725M	-686M	-618M	-621M
Net change in cash	-1.1B	1.7B	887M	694M	-1.3B	-1.2B	987M	-342M	-355M	40M	-210M	942M
Free cash flow	-319M	2.6B	1.9B	2.4B	274M	920M	1.7B	363M	15M	386M	284M	1.5B

Date	Ratio
Dec 24, 2015	2:1
Dec 26, 2012	2:1
Apr 3, 2007	2:1
Oct 24, 1996	2:1
Oct 31, 1995	2:1
Oct 9, 1990	2:1
Oct 8, 1990	2:1

Nike Inc. Class B Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history