Nike, Inc. financials

Key figures from Nike, Inc.'s filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricMay 2026*May 2025Change
Revenue$11.0B$11.1B-1.1%
Net income$1.1B$211M+406.6%
Free cash flow$1.5B$363M+312.9%
Gross margin49.2%40.3%+8.9 pts
Operating margin
Net margin9.7%1.9%+7.8 pts

Quarterly trend

Revenue by quarter
$12.9BAug 2023$13.4BNov 2023$12.4BFeb 2024$12.6BMay 2024*$11.6BAug 2024$12.4BNov 2024$11.3BFeb 2025$11.1BMay 2025*$11.7BAug 2025$12.4BNov 2025$11.3BFeb 2026$11.0BMay 2026*
Net income by quarter
$1.4BAug 2023$1.6BNov 2023$1.2BFeb 2024$1.5BMay 2024*$1.1BAug 2024$1.2BNov 2024$794MFeb 2025$211MMay 2025*$727MAug 2025$792MNov 2025$520MFeb 2026$1.1BMay 2026*
Free cash flow by quarter
-$319MAug 2023$2.6BNov 2023$1.9BFeb 2024$2.4BMay 2024*$274MAug 2024$920MNov 2024$1.7BFeb 2025$363MMay 2025*$15MAug 2025$386MNov 2025$284MFeb 2026$1.5BMay 2026*
Margins by quarter
0%28%56%Aug 2023Nov 2023Feb 2024May 2024*Aug 2024Nov 2024Feb 2025May 2025*Aug 2025Nov 2025Feb 2026May 2026*44.2%44.6%44.8%44.7%45.4%43.6%41.5%40.3%42.2%40.6%40.2%49.2%11.2%11.8%9.4%11.9%9.1%9.4%7.0%1.9%6.2%6.4%4.6%9.7%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY May 2026$46.4B$3.1B6.7%$2.2B$2.10
FY May 2025$46.3B$3.2B7.0%$3.3B$2.16
FY May 2024$51.4B$5.7B11.1%$6.6B$3.73
FY May 2023$51.2B$5.1B9.9%$4.9B$3.23
FY May 2022$46.7B$6.0B12.9%$4.4B$3.75

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.