NIKE, Inc.
Consumer CyclicalNYSE:NKE · New York Stock Exchange
-$0.75 today
Vol 11.12M · Avg 22.72M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$46.5B of revenue converted into $2.3B of net income for the selected period. Gross margin is 40.8% and net margin is 4.8%, showing how much revenue survives after costs and taxes. EPS is $1.52, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.3B -9.8% | $51.4B +0.3% | $51.2B +9.6% | $46.7B +4.9% | $44.5B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $26.5B -6.9% | $28.5B -1.6% | $28.9B +14.6% | $25.2B +2.7% | $24.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $19.8B -13.5% | $22.9B +2.7% | $22.3B +3.8% | $21.5B +7.6% | $20.0B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 42.7% -1.8pp | 44.6% +1.0pp | 43.5% -2.5pp | 46.0% +1.2pp | 44.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $16.1B -2.9% | $16.6B +1.2% | $16.4B +10.6% | $14.8B +13.7% | $13.0B | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $16.1B -2.9% | $16.6B +1.2% | $16.4B +10.6% | $14.8B +13.7% | $13.0B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $808.0M -4.3% | $844.0M -1.7% | $859.0M +2.3% | $840.0M +5.4% | $797.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $5.0B -36.2% | $7.8B +6.3% | $7.3B -5.7% | $7.8B +0.6% | $7.7B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 10.8% -4.4pp | 15.2% +0.9pp | 14.3% -2.3pp | 16.7% -0.7pp | 17.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $3.7B -41.3% | $6.3B +6.7% | $5.9B -11.4% | $6.7B -3.8% | $6.9B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.0% -4.3pp | 12.3% +0.7pp | 11.5% -2.7pp | 14.3% -1.3pp | 15.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $404.0M -6.0% | $430.0M +44.8% | $297.0M +216.0% | $94.0M +176.5% | $34.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $289.0M +10.7% | $261.0M -7.8% | $283.0M -3.1% | $292.0M +1.0% | $289.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $183.0M -53.0% | $389.0M +36.0% | $286.0M +1291.7% | -$24.0M +91.3% | -$276.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $3.9B -42.0% | $6.7B +8.0% | $6.2B -6.8% | $6.7B -0.2% | $6.7B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.4% -4.7pp | 13.0% +0.9pp | 12.1% -2.1pp | 14.2% -0.7pp | 15.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $666.0M -33.4% | $1.0B -11.6% | $1.1B +86.9% | $605.0M -35.2% | $934.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $3.2B -43.5% | $5.7B +12.4% | $5.1B -16.1% | $6.0B +5.6% | $5.7B | $4.9B | $4.8B | $4.7B |
| Net Margin | 7.0% -4.1pp | 11.1% +1.2pp | 9.9% -3.0pp | 12.9% +0.1pp | 12.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 -42.3% | $4 +15.0% | $3 -14.6% | $4 +5.2% | $4 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 -42.1% | $4 +15.5% | $3 -13.9% | $4 +5.3% | $4 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.5B -2.2% | $1.5B -2.2% | $1.6B -1.7% | $1.6B +0.4% | $1.6B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.5B -2.8% | $1.5B -2.6% | $1.6B -2.5% | $1.6B +0.1% | $1.6B | $1.2B | $924.4M | $678.0M |
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How much revenue does NKE generate?
NIKE, Inc. (NKE) reported $46.31B of revenue in fiscal 2025.
Is NKE profitable?
NIKE, Inc. (NKE) reported $3.22B of net income, with a net margin of 7.0%.
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