NKE (NIKE, Inc.) Stock Financials & Earnings | Market Cap Arena

NKE (NIKE, Inc.) Stock Financials & Earnings | Market Cap Arena

NKENIKE, Inc.

Mkt Cap$83B

Consumer Cyclical·Apparel - Footwear & Accessories·🇺🇸 United States·NYSE

Revenue (TTM)$46.5B

Net Income (TTM)$2.5B

EPS (TTM)$1.71

Free Cash Flow (TTM)$2.5B

Gross Margin41.1%

Op. Margin6.5%

Net Margin5.4%

FCF Margin5.3%

P/S Ratio (TTM)1.8x

P/E Ratio (TTM)33.0x

YoY Rev Growth-5.0%

Employees—

Earnings Reports

Next: Q3 2026 · Mar 31

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q3 23	$12.4B	$5.4B	$1.4B
Q4 23	$12.8B	$5.6B	$1.2B
Q1 24	$12.9B	$5.7B	$1.6B
Q2 24	$13.4B	$6.0B	$1.8B
Q3 24	$12.4B	$5.6B	$1.3B
Q4 24	$12.6B	$5.6B	$1.5B
Q1 25	$11.6B	$5.3B	$1.2B
Q2 25	$12.4B	$5.4B	$1.4B
Q3 25	$11.3B	$4.7B	$788M
Q4 25	$11.1B	$4.5B	$321M
Q1 26	$11.7B	$4.9B	$927M
Q2 26	$12.4B	$5.0B	$1.0B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q3 23	1.6x	15.2x
Q4 23	1.6x	16.4x
Q1 24	1.6x	16.5x
Q2 24	1.6x	15.7x
Q3 24	1.6x	15.9x
Q4 24	1.6x	14.6x
Q1 25	1.7x	15.7x
Q2 25	1.7x	17.1x
Q3 25	1.7x	18.5x
Q4 25	1.8x	25.9x
Q1 26	1.8x	28.8x
Q2 26	1.8x	33.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 23	$2.2B	$2.0B
Q4 23	$2.3B	$2.0B
Q1 24	-$66M	-$319M
Q2 24	$2.8B	$2.6B
Q3 24	$2.1B	$1.9B
Q4 24	$2.6B	$2.4B
Q1 25	$394M	$274M
Q2 25	$1.0B	$920M
Q3 25	$1.8B	$1.7B
Q4 25	$463M	$363M
Q1 26	$222M	$15M
Q2 26	$579M	$386M

Capital Expenditures

CapEx

Quarter	CapEx
Q3 23	$200M
Q4 23	$269M
Q1 24	$253M
Q2 24	$205M
Q3 24	$141M
Q4 24	$213M
Q1 25	$120M
Q2 25	$129M
Q3 25	$81M
Q4 25	$100M
Q1 26	$207M
Q2 26	$193M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+14.0%	+18.8%
Q4 23	+4.8%	+7.8%
Q1 24	+2.0%	+3.1%
Q2 24	+0.5%	-1.4%
Q3 24	+0.3%	+1.0%
Q4 24	-1.7%	-4.7%
Q1 25	-10.4%	-8.4%
Q2 25	-7.7%	-5.1%
Q3 25	-9.3%	-5.5%
Q4 25	-12.0%	-2.6%
Q1 26	+1.1%	+4.0%
Q2 26	+0.6%	+4.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 23	$192M	1.5%
Q4 23	$199M	1.6%
Q1 24	$196M	1.5%
Q2 24	$206M	1.5%
Q3 24	$216M	1.7%
Q4 24	$186M	1.5%
Q1 25	$183M	1.6%
Q2 25	$192M	1.6%
Q3 25	$169M	1.5%
Q4 25	$165M	1.5%
Q1 26	$185M	1.6%
Q2 26	$176M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q3 23	$3.0B	$923M
Q4 23	$3.3B	$1.1B
Q1 24	$3.0B	$1.1B
Q2 24	$3.0B	$1.1B
Q3 24	$3.2B	$1.0B
Q4 24	$3.0B	$1.1B
Q1 25	$2.8B	$1.2B
Q2 25	$2.9B	$1.1B
Q3 25	$2.8B	$1.1B
Q4 25	$2.9B	$1.3B
Q1 26	$2.8B	$1.2B
Q2 26	$2.8B	$1.3B

Revenue Segments

Quarter	Apparel	Footwear	Product and Service, Other
Q3 23	$3.8B	$8.5B	$61M
Q4 23	$3.7B	$9.1B	$65M
Q1 24	$4.0B	$8.9B	$46M
Q2 24	$4.3B	$9.0B	$49M
Q3 24	$3.8B	$8.6B	$30M
Q4 24	$3.9B	$8.6B	$30M
Q1 25	$3.7B	$7.9B	$27M
Q2 25	$4.3B	$8.0B	$21M
Q3 25	$3.7B	$7.6B	$13M
Q4 25	$3.6B	$7.5B	$13M
Q2 26	$4.5B	$7.9B	$37M

Revenue by Geography

Quarter	Asia Pacific And Latin America Segment	Europe, Middle East And Africa Segment	Greater China	North America
Q4 23	$1.7B	$3.4B	$1.8B	$5.4B
Q1 24	$1.6B	$3.6B	$1.7B	$5.4B
Q2 24	$1.8B	$3.6B	$1.9B	$5.6B
Q3 24	$1.6B	$3.1B	$2.1B	$5.1B
Q4 24	$1.7B	$3.3B	$1.9B	$5.3B
Q1 25	$1.5B	$3.1B	$1.7B	$4.8B
Q2 25	$1.7B	$3.3B	$1.7B	$5.2B
Q3 25	$1.5B	$2.8B	$1.7B	$4.9B
Q4 25	$1.6B	$3.0B	$1.5B	$4.7B
Q2 26	$1.7B	$3.4B	$1.4B	$5.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 23	$7.0B	$3.8B	$10.8B
Q4 23	$7.4B	$3.2B	$10.7B
Q1 24	$6.2B	$2.6B	$8.8B
Q2 24	$7.9B	$2.0B	$9.9B
Q3 24	$9.0B	$1.6B	$10.6B
Q4 24	$9.9B	$1.7B	$11.6B
Q1 25	$8.5B	$1.8B	$10.3B
Q2 25	$8.0B	$1.8B	$9.8B
Q3 25	$8.6B	$1.8B	$10.4B
Q4 25	$7.5B	$1.7B	$9.2B
Q1 26	$7.0B	$1.6B	$8.6B
Q2 26	$7.0B	$1.4B	$8.3B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q3 23	1.56B	-0.5%
Q4 23	1.56B	-0.5%
Q1 24	1.54B	-0.8%
Q2 24	1.53B	-0.7%
Q3 24	1.53B	-0.4%
Q4 24	1.52B	-0.6%
Q1 25	1.50B	-1.0%
Q2 25	1.49B	-0.8%
Q3 25	1.49B	+0.1%
Q4 25	1.48B	-0.9%
Q1 26	1.48B	+0.1%
Q2 26	1.48B	+0.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$492K	57K
FY 15	$489K	63K
FY 16	$458K	71K
FY 17	$462K	74K
FY 18	$498K	73K
FY 19	$510K	77K
FY 20	$496K	75K
FY 21	$608K	73K
FY 22	$591K	79K
FY 23	$612K	84K
FY 24	$647K	79K
FY 25	$595K	78K