NKE

MKT CAP:$66B

NIKE, Inc.

Market Cap

$66B

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

Consumer Cyc.·Apparel·🇺🇸·NYSE

Stock Price

$44.70-$18.58 (-29.36%)

Apr 24, 2026

Company Details

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and acc...

CEO

Elliott J. Hill

IPO Date

Dec 2, 1980

Website

investors.nike.com

Key Metrics TTM

Revenue

$46.5B

-2.7% YoY

Net Income

$2.3B

EPS (Diluted)

$1.52

Free Cash Flow

$1.0B

Revenue / Share

$31.43

Gross Margin

40.8%

Operating Margin

6.0%

Net Margin

4.8%

FCF Margin

2.3%

P/S

1.4x

P/E

29.4x

Earnings Reports

Q3 2026

Apr 1, 2026

$11.3B+0.1%EPS $0.35

Q2 2026

Dec 30, 2025

$12.4B+0.6%EPS $0.54

Q1 2026

Oct 1, 2025

$11.7B+1.1%EPS $0.49

FY 2025

Jul 17, 2025

$46.3B-9.8%EPS $2.16

Q4 2025

Jul 17, 2025

$11.1B-12.0%EPS $0.14

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$12.2B	$5.5B	$1.5B
Q1 23	$12.7B	$5.6B	$1.7B
Q2 23	$13.3B	$5.7B	$1.6B
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
Q3 26	$11.3B	$4.5B	$553M

Valuation

Quarter	P/S	P/E
Q4 22	4.0x	31.2x
Q1 23	3.6x	30.0x
Q2 23	3.3x	29.2x
Q3 23	3.6x	33.4x
Q4 23	3.2x	32.0x
Q1 24	3.0x	30.4x
Q2 24	3.2x	31.2x
Q3 24	3.1x	30.4x
Q4 24	2.8x	24.8x
Q1 25	2.5x	23.8x
Q2 25	2.4x	24.1x
Q3 25	2.4x	25.7x
Q4 25	2.0x	28.2x
Q1 26	2.5x	40.4x
Q2 26	2.1x	38.3x
Q3 26	1.9x	40.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$1.2B	$909M
Q1 23	$357M	$93M
Q2 23	$1.0B	$765M
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
Q3 26	$430M	$284M

Capital Expenditures

Quarter	CapEx
Q4 22	$242M
Q1 23	$264M
Q2 23	$236M
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
Q3 26	$146M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-0.9%	+3.2%
Q1 23	+3.6%	+8.6%
Q2 23	+17.2%	+18.4%
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%
Q3 26	+0.1%	+2.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$171M	1.4%
Q1 23	$170M	1.3%
Q2 23	$194M	1.5%
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%
Q3 26	$194M	1.7%

OpEx Breakdown

Quarter	G&A	S&M
Q4 22	$3.0B	$1.1B
Q1 23	$3.0B	$943M
Q2 23	$3.0B	$1.1B
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
Q3 26	$2.9B	$1.1B

Revenue Segments

Quarter	Apparel	Footwear	Product and Service, Other
Q4 22	$3.6B	$8.5B	—
Q1 23	$3.9B	$8.7B	$48M
Q2 23	$4.2B	$9.0B	$65M
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
Q3 26	$3.7B	$7.6B	$27M

Revenue by Geography

Quarter	Asia Pacific And Latin America Segment	Europe, Middle East And Africa Segment	Greater China	North America
Q2 23	$1.6B	$3.5B	$1.8B	$5.8B
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
Q3 26	$1.5B	$2.9B	$1.6B	$5.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$8.6B	$4.4B	$13.0B
Q1 23	$7.2B	$4.7B	$11.9B
Q2 23	$6.5B	$4.1B	$10.6B
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
Q3 26	$6.7B	$1.4B	$8.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	1.59B	-1.0%	-1.2%
Q1 23	1.59B	-0.6%	-2.1%
Q2 23	1.57B	-0.8%	-2.8%
Q3 23	1.56B	-0.5%	-2.8%
Q4 23	1.56B	-0.5%	-2.4%
Q1 24	1.54B	-0.8%	-2.7%
Q2 24	1.53B	-0.7%	-2.6%
Q3 24	1.53B	-0.4%	-2.4%
Q4 24	1.52B	-0.6%	-2.5%
Q1 25	1.50B	-1.0%	-2.7%
Q2 25	1.49B	-0.8%	-2.7%
Q3 25	1.49B	+0.1%	-2.3%
Q4 25	1.48B	-0.9%	-2.6%
Q1 26	1.48B	+0.1%	-1.5%
Q2 26	1.48B	+0.1%	-0.7%
Q3 26	1.48B	+0.0%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$154.7K	79K
Q1 23	$160.4K	79K
Q2 23	$168.3K	79K
Q3 23	$156.6K	79K
Q4 23	$153.2K	84K
Q1 24	$154.6K	84K
Q2 24	$160.0K	84K
Q3 24	$148.5K	84K
Q4 24	$158.8K	79K
Q1 25	$146.0K	79K
Q2 25	$155.6K	79K
Q3 25	$141.9K	79K
Q4 25	$142.6K	78K
Q1 26	$150.6K	78K
Q2 26	$159.7K	78K
Q3 26	$145.0K	78K

Revenue / Employee