NIKE, Inc.

NKE · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$68,461	$92,736	$143,465	$161,783	$187,042	$215,991	$156,034	$122,099	$113,646	$83,874	$87,403	$87,687	$67,951	$55,328	$49,772	$40,151	$34,568	$28,725	$33,879	$28,601	$20,820	$21,593	$18,712	$14,812	$14,392	$11,123	$11,825	$17,148	$13,251	$16,639	$14,727	$5,624	$4,310	$5,656	$4,446	$2,988	$2,936	$1,417	$900	$640	$661
Enterprise value	$70,467	$94,603	$143,835	$163,252	$186,672	$215,328	$160,262	$120,915	$112,211	$81,497	$83,984	$83,023	$64,182	$50,728	$46,463	$36,354	$30,013	$26,083	$31,728	$26,295	$19,227	$20,532	$18,318	$15,011	$14,922	$12,116	$13,015	$17,756	$14,003	$17,045	$14,927	$5,848	$3,935	$5,540	$4,365	$3,199	$2,912	$1,407	$991	$596	$723
P/E (TTM) at period end	22.03×	28.81×	25.17×	31.91×	30.94×	37.71×	61.45×	30.30×	58.79×	19.78×	23.25×	26.79×	25.23×	22.38×	22.51×	18.82×	18.13×	19.32×	17.99×	19.18×	14.96×	17.82×	19.79×	31.25×	21.70×	18.86×	20.42×	37.99×	33.16×	20.91×	26.62×	14.07×	14.42×	15.49×	13.51×	10.41×	12.08×	8.49×	8.85×	17.83×	11.17×
P/S (TTM) at period end	1.48×	2.00×	2.79×	3.16×	4.00×	4.85×	4.17×	3.12×	3.12×	2.44×	2.70×	2.87×	2.44×	2.19×	2.13×	2.00×	1.82×	1.50×	1.82×	1.75×	1.39×	1.57×	1.53×	1.38×	1.45×	1.17×	1.31×	1.95×	1.39×	1.81×	2.28×	1.18×	1.14×	1.44×	1.31×	0.99×	1.31×	0.83×	0.75×	0.73×	0.62×
P/B at period end	4.61×	7.02×	9.94×	11.55×	12.24×	16.92×	19.37×	13.51×	11.58×	6.76×	7.13×	6.90×	6.28×	4.99×	4.82×	4.10×	3.54×	3.30×	4.33×	4.07×	3.31×	3.83×	3.91×	3.71×	3.75×	3.18×	3.77×	5.14×	4.06×	5.27×	6.06×	2.86×	2.48×	3.44×	3.34×	2.89×	3.74×	2.52×	2.18×	1.89×	2.09×
EV / EBITDA (TTM)	15.50×	21.13×	20.24×	24.67×	25.25×	28.03×	41.78×	22.08×	21.61×	14.94×	16.30×	17.37×	15.29×	13.80×	13.50×	11.45×	10.73×	9.35×	11.59×	10.95×	8.01×	9.41×	9.83×	10.06×	11.27×	9.86×	10.77×	16.36×	12.76×	11.01×	13.48×	7.54×	6.80×	8.12×	7.25×	6.11×	7.04×	4.75×	–	–	–
EV / Sales (TTM)	1.52×	2.04×	2.80×	3.19×	4.00×	4.83×	4.28×	3.09×	3.08×	2.37×	2.59×	2.71×	2.31×	2.00×	1.99×	1.81×	1.58×	1.36×	1.70×	1.61×	1.29×	1.49×	1.49×	1.40×	1.51×	1.28×	1.45×	2.02×	1.47×	1.86×	2.31×	1.23×	1.04×	1.41×	1.28×	1.07×	1.30×	0.82×	0.82×	0.68×	0.68×
Returns
Return on equity	20.9%	24.4%	39.5%	36.2%	39.6%	44.9%	31.5%	44.6%	19.7%	34.2%	30.7%	25.8%	24.9%	22.3%	21.4%	21.8%	19.6%	17.1%	24.1%	21.2%	22.1%	21.5%	19.8%	11.9%	17.3%	16.9%	18.5%	13.5%	12.3%	25.2%	22.8%	20.3%	17.2%	22.2%	24.7%	27.8%	31.0%	29.7%	24.7%	10.6%	18.7%
Return on invested capital	16.5%	18.3%	32.5%	25.9%	31.4%	38.0%	21.5%	49.7%	21.2%	33.2%	32.8%	32.1%	28.0%	26.8%	27.2%	25.1%	25.8%	25.9%	29.0%	25.3%	22.7%	24.6%	21.1%	19.3%	15.8%	14.5%	14.3%	13.1%	13.2%	23.8%	22.8%	19.3%	22.9%	24.9%	28.0%	24.4%	32.2%	31.5%	18.6%	12.6%	18.3%
Dividend yield	3.5%	2.5%	1.5%	1.2%	1.0%	0.8%	0.9%	1.1%	1.1%	1.4%	1.2%	1.0%	1.2%	1.3%	1.2%	1.4%	1.5%	1.6%	1.2%	1.2%	1.4%	1.1%	1.0%	0.9%	0.9%	1.2%	1.1%	0.8%	1.0%	0.6%	0.5%	1.2%	1.4%	0.9%	1.0%	1.3%	1.0%	1.4%	–	–	–
Financial health
Current ratio	1.96×	2.21×	2.40×	2.72×	2.63×	2.72×	2.48×	2.10×	2.51×	2.93×	2.80×	2.46×	2.72×	3.44×	3.05×	2.85×	3.26×	2.97×	2.66×	3.13×	2.81×	3.18×	2.72×	2.37×	2.26×	2.03×	1.68×	2.26×	2.07×	2.05×	1.86×	1.85×	3.15×	3.58×	3.30×	2.04×	3.07×	2.96×	2.17×	3.62×	3.10×
Debt / equity	0.53×	0.60×	0.62×	0.64×	0.62×	0.74×	1.17×	0.38×	0.35×	0.28×	0.17×	0.09×	0.11×	0.11×	0.03×	0.05×	0.05×	0.05×	0.08×	0.08×	0.11×	0.14×	0.17×	0.21×	0.29×	0.37×	0.46×	0.24×	0.26×	0.27×	0.19×	0.22×	0.08×	0.11×	0.13×	0.32×	0.08×	0.13×	0.41×	0.25×	0.25×
Effective tax rate	20.3%	17.1%	14.9%	18.2%	9.1%	14.0%	12.1%	16.1%	55.3%	13.2%	18.7%	22.2%	24.0%	24.7%	25.0%	24.1%	24.2%	24.0%	24.8%	32.2%	35.0%	34.9%	34.8%	34.1%	34.3%	36.0%	37.0%	39.5%	38.8%	38.6%	38.5%	38.5%	39.1%	38.6%	36.9%	37.8%	38.2%	38.3%	38.8%	51.3%	49.4%
Share count
Diluted shares outstanding	1,481	1,488	1,530	1,570	1,611	1,609	1,592	1,618	1,659	1,692	1,742	1,769	1,812	1,833	1,879	1,943	1,976	1,963	2,016	2,036	2,109	2,164	2,155	2,141	2,178	2,184	2,238	2,300	2,368	2,376	2,349	2,352	2,342	2,427	2,416	2,409	2,387	2,387	2,375	2,428	2,417

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$45,891	$46,398	$46,309	$51,362	$51,217	$46,710	$44,538	$37,403	$39,117	$36,397	$34,350	$32,376	$30,601	$27,799	$25,313	$23,331	$20,117	$19,014	$19,176	$18,627	$16,326	$14,955	$13,740	$12,253	$10,697	$9,893	$9,489	$8,995	$8,777	$9,553	$9,186	$6,471	$4,761	$3,790	$3,931	$3,405	$3,004	$2,235	$1,711	$1,203	$877	$1,069
Cost of revenue	($26,125)	($26,487)	($26,519)	($28,475)	($28,925)	($25,231)	($24,576)	($21,162)	($21,643)	($20,441)	($19,038)	($17,405)	($16,534)	($15,353)	($14,279)	($13,183)	($11,354)	($10,214)	($10,572)	($10,240)	($9,165)	($8,368)	($7,624)	($7,001)	($6,314)	($6,005)	($5,785)	($5,180)	($5,265)	($5,832)	($5,335)	($3,774)	($2,775)	($2,237)	($2,327)	($2,041)	($1,816)	($1,367)	($1,060)	($789)	($585)	($712)
Gross profit	$19,766	$19,911	$19,790	$22,887	$22,292	$21,479	$19,962	$16,241	$17,474	$15,956	$15,312	$14,971	$14,067	$12,446	$11,034	$10,148	$9,202	$8,800	$8,604	$8,387	$7,160	$6,587	$6,115	$5,252	$4,383	$3,888	$3,704	$3,815	$3,512	$3,721	$3,852	$2,696	$1,986	$1,553	$1,604	$1,364	$1,188	$868	$651	$414	$293	$357
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($16,008)	($16,114)	($16,088)	($16,576)	($16,377)	($14,804)	($13,025)	($13,126)	($12,702)	($11,511)	($10,563)	($10,469)	($9,892)	($8,766)	($7,796)	($7,079)	($6,361)	($6,326)	($6,150)	($5,954)	($5,029)	($4,478)	($4,222)	($3,702)	($3,154)	($2,836)	($2,690)	($2,606)	($2,427)	($2,624)	($2,304)	($1,589)	($1,210)	($974)	($922)	($762)	($664)	($454)	($355)	($247)	($205)	($209)
Total operating expenses	($16,005)	($16,111)	($16,088)	($16,576)	($16,377)	($14,804)	($13,025)	($13,126)	($12,702)	($11,511)	($10,563)	($10,469)	($9,892)	($8,766)	($7,796)	($7,079)	($6,361)	($6,326)	($6,149)	($5,954)	($5,029)	($4,478)	($4,222)	($3,702)	($3,154)	($2,836)	($2,690)	($2,830)	($2,655)	($2,857)	($2,472)	($1,721)	($1,300)	($1,039)	($983)	($809)	($699)	($472)	($370)	($261)	($217)	($220)
Total costs and expenses	($42,130)	($42,598)	($42,607)	($45,051)	($45,302)	($40,035)	($37,601)	($34,288)	($34,345)	($31,952)	($29,601)	($27,874)	($26,426)	($24,119)	($22,075)	($20,262)	($17,276)	($16,540)	($16,721)	($16,193)	($14,194)	($12,846)	($11,846)	($10,703)	($9,468)	($8,840)	($8,475)	($8,010)	($7,920)	($8,689)	($7,807)	($5,495)	($4,075)	($3,276)	($3,309)	($2,851)	($2,515)	($1,839)	($1,430)	($1,050)	($801)	($932)
Operating income	$3,761	$3,800	$3,702	$6,311	$5,915	$6,675	$6,937	$3,115	$4,772	$4,445	$4,749	$4,502	$4,175	$3,680	$3,238	$3,069	$2,841	$2,474	$2,455	$2,434	$2,132	$2,109	$1,894	$1,550	$1,229	$1,052	$1,014	$985	$857	$864	$1,380	$975	$686	$514	$622	$555	$489	$397	$281	$153	$76	$137
Earnings
EBITDA	$4,511	$4,547	$4,477	$7,107	$6,618	$7,392	$7,681	$3,836	$5,477	$5,192	$5,455	$5,151	$4,781	$4,198	$3,676	$3,442	$3,176	$2,798	$2,790	$2,737	$2,402	$2,400	$2,181	$1,863	$1,492	$1,324	$1,228	$1,208	$1,086	$1,097	$1,548	$1,108	$776	$579	$682	$602	$523	$414	$296	–	–	–
Interest income	$266	$278	$404	$430	$297	$94	$34	$62	$82	$70	$27	$12	$6	$5	$4	$6	$28	$30	$50	$116	$117	$87	$35	–	$14	$14	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($65)	($50)	($289)	($261)	($283)	($205)	($262)	($89)	($49)	($54)	($59)	($19)	($28)	($33)	$3	($4)	($4)	($6)	($40)	($39)	($50)	($50)	($40)	($25)	($43)	($48)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$3,899	$3,900	$3,885	$6,700	$6,201	$6,651	$6,661	$2,887	$4,801	$4,325	$4,886	$4,623	$4,205	$3,544	$3,256	$3,011	$2,862	$2,517	$1,957	$2,503	$2,200	$2,142	$1,860	$1,450	$1,123	$1,017	$921	$919	$746	$653	$1,295	$899	$650	$491	$594	$522	$462	$393	$271	$166	$74	$117
Income tax expense	($806)	($792)	($666)	($1,000)	($1,131)	($605)	($934)	($348)	($772)	($2,392)	($646)	($863)	($932)	($851)	($805)	($754)	($690)	($610)	($470)	($620)	($708)	($750)	($648)	($504)	($383)	($349)	($332)	($340)	($295)	($253)	($499)	($346)	($250)	($192)	($230)	($193)	($175)	($150)	($104)	($64)	($38)	($58)
Net income	$3,093	$3,108	$3,219	$5,700	$5,070	$6,046	$5,727	$2,539	$4,029	$1,933	$4,240	$3,760	$3,273	$2,693	$2,472	$2,211	$2,133	$1,907	$1,487	$1,883	$1,492	$1,392	$1,212	$946	$474	$663	$590	$579	$451	$400	$796	$553	$400	$299	$365	$329	$287	$243	$167	$102	$36	$59
Per share
Diluted EPS (GAAP)	$2.08	$2.10	$2.16	$3.73	$3.23	$3.75	$3.56	$1.60	$2.49	$1.17	$2.51	$2.16	$1.85	$1.49	$1.35	$1.18	$1.10	$0.965	$0.7575	$0.935	$0.73	$0.66	$0.56	$0.44	$0.22	$0.30	$0.27	$0.26	$0.20	$0.17	$0.33	$0.24	$0.17	$0.13	$0.15	$0.14	$0.12	$0.10	$0.07	$0.0428	$0.0148	$0.0245
Basic EPS (GAAP)	$2.09	$2.10	$2.17	$3.76	$3.27	$3.83	$3.64	$1.63	$2.55	$1.19	$2.56	$2.21	$1.90	$1.52	$1.38	$1.20	$1.12	$0.9825	$0.7675	$0.95	$0.74	$0.67	$0.58	$0.45	$0.22	$0.31	$0.27	$0.26	$0.20	$0.17	$0.34	$0.24	$0.17	$0.13	$0.15	$0.14	$0.12	$0.10	$0.07	$0.0428	$0.0148	$0.0245
Basic shares outstanding	1,482	1,480	1,485	1,518	1,552	1,579	1,573	1,559	1,580	1,624	1,658	1,698	1,724	1,767	1,795	1,840	1,902	1,942	1,940	1,982	2,016	2,074	2,103	2,107	2,116	2,142	2,164	2,206	2,271	2,317	2,314	2,349	2,286	2,342	2,427	2,416	2,409	2,387	2,387	2,375	2,428	2,417
Margins
Gross margin	43.1%	42.9%	42.7%	44.6%	43.5%	46.0%	44.8%	43.4%	44.7%	43.8%	44.6%	46.2%	46.0%	44.8%	43.6%	43.5%	45.7%	46.3%	44.9%	45.0%	43.9%	44.0%	44.5%	42.9%	41.0%	39.3%	39.0%	42.4%	40.0%	39.0%	41.9%	41.7%	41.7%	41.0%	40.8%	40.1%	39.5%	38.8%	38.0%	34.4%	33.4%	33.4%
Operating margin	8.2%	8.2%	8.0%	12.3%	11.5%	14.3%	15.6%	8.3%	12.2%	12.2%	13.8%	13.9%	13.6%	13.2%	12.8%	13.2%	14.1%	13.0%	12.8%	13.1%	13.1%	14.1%	13.8%	12.6%	11.5%	10.6%	10.7%	10.9%	9.8%	9.0%	15.0%	15.1%	14.4%	13.6%	15.8%	16.3%	16.3%	17.7%	16.4%	12.7%	8.7%	12.8%
Net margin	6.7%	6.7%	7.0%	11.1%	9.9%	12.9%	12.9%	6.8%	10.3%	5.3%	12.3%	11.6%	10.7%	9.7%	9.8%	9.5%	10.6%	10.0%	7.8%	10.1%	9.1%	9.3%	8.8%	7.7%	4.4%	6.7%	6.2%	6.4%	5.1%	4.2%	8.7%	8.5%	8.4%	7.9%	9.3%	9.7%	9.6%	10.9%	9.8%	8.5%	4.1%	5.5%

Analyst consensus

Buy73 analysts

Bearish · 8 · Hold · 31 · Bullish · 34

Earnings history

	EPS	Estimate
Q2 2025	$0.78	$0.65	Beat
Q3 2025	$0.54	$0.30	Beat
Q4 2025	$0.14	$0.13	Beat
Q1 2026	$0.49	$0.27	Beat
Q2 2026	$0.53	$0.37	Beat
Q3 2026	$0.35	$0.29	Beat
Q4 2026	$0.72	$0.11	Beat
Q1 2027	$0.48	$0.43	Beat

Peers

Company overview

IPO dateDec 2, 1980

CEOElliott J. Hill

Employees73,000

SectorConsumer Cyclical

IndustryApparel - Footwear & Accessories

CountryUS

ExchangeNew York Stock Exchange

Websitewww.nike.com

NIKE, Inc., through its various subsidiaries, operates as a global enterprise focused on the design, development, marketing, and sale of athletic footwear, apparel, equipment, and accessories for all ages and genders. Beyond its primary offerings, the company provides a range of athletic and casual footwear, clothing, and accessories under the notable Jumpman trademark. It also distributes a variety of casual sneakers, apparel, and accessories, featuring well-known brands like Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell. Under the NIKE brand itself, the company supplies a comprehensive line of performance sports gear and accessories, such as bags, socks, sports balls, eyewear, timepieces, digital devices, bats, gloves, and protective equipment. Additionally, NIKE sells various plastic products to other manufacturers. The company also markets sportswear adorned with licensed logos from college and professional sports teams and leagues. Furthermore, it engages in licensing arrangements, allowing unaffiliated parties to manufacture and sell apparel, digital devices, applications, and other sports equipment under NIKE-owned trademarks. Its extensive product catalog reaches consumers globally through diverse channels, including specialized footwear, sporting goods, athletic specialty, department, skate, tennis, and golf stores. Distribution occurs via NIKE's proprietary retail outlets, digital e-commerce platforms, independent distributors, authorized licensees, and sales representatives. Founded in 1964, the company was originally named Blue Ribbon Sports, Inc., before officially becoming NIKE, Inc. in 1971, and maintains its corporate headquarters in Beaverton, Oregon.

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