NYSE : NKE
NIKE, Inc. — Financial statements
Consumer Discretionary · Footwear & Accessories · United States
Last price 38.42 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 57.07B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NIKE, Inc. (NKE) reported revenue of 45.89B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 45.89B | 46.40B | 46.31B | 51.36B | 51.22B | 46.71B |
| Cost of Revenue | 25.97B | 26.33B | 26.52B | 28.41B | 28.93B | 25.23B |
| Gross Profit | 19.92B | 20.07B | 19.79B | 22.95B | 22.29B | 21.48B |
| Selling, General & Admin | 15.78B | 15.88B | 16.09B | 16.20B | 16.38B | 14.80B |
| Operating Expenses | 15.78B | 15.88B | 16.09B | 16.20B | 16.38B | 14.80B |
| Operating Income | 4.14B | 4.18B | 3.70B | 6.75B | 5.92B | 6.67B |
| Interest Expense | -220.00M | -228.00M | -297.00M | -269.00M | -291.00M | -299.00M |
| Interest & Investment Income | 266.00M | 278.00M | 404.00M | 430.00M | 297.00M | 94.00M |
| Currency Exchange Gain (Loss) | -137.00M | -103.00M | 147.00M | 228.00M | 366.00M | 168.00M |
| Other Non Operating Income (Expenses) | 232.00M | 156.00M | -71.00M | -86.00M | 13.00M | |
| EBT Excluding Unusual Items | 4.28B | 4.29B | 3.88B | 7.14B | 6.20B | 6.65B |
| Merger & Restructuring Charges | -385.00M | -385.00M | -443.00M | |||
| Pretax Income | 3.90B | 3.90B | 3.88B | 6.70B | 6.20B | 6.65B |
| Income Tax Expense | 806.00M | 792.00M | 666.00M | 1.00B | 1.13B | 605.00M |
| Net Income | 3.09B | 3.11B | 3.22B | 5.70B | 5.07B | 6.05B |
| Net Income to Common | 3.09B | 3.11B | 3.22B | 5.70B | 5.07B | 6.05B |
| Shares Outstanding (Basic) | 1.48B | 1.48B | 1.48B | 1.52B | 1.55B | 1.58B |
| Shares Outstanding (Diluted) | 1.48B | 1.48B | 1.49B | 1.53B | 1.57B | 1.61B |
| EPS (Basic) | 2.09 | 2.10 | 2.17 | 3.76 | 3.27 | 3.83 |
| EPS (Diluted) | 2.09 | 2.10 | 2.16 | 3.73 | 3.23 | 3.75 |
| Free Cash Flow | 2.10B | 2.18B | 3.27B | 6.62B | 4.87B | 4.43B |
| Free Cash Flow Per Share | 1.42 | 1.48 | 2.20 | 4.33 | 3.10 | 2.75 |
| Dividend Per Share | 1.64 | 1.63 | 1.57 | 1.45 | 1.32 | 1.19 |
| Gross Margin | 43.41% | 43.24% | 42.73% | 44.69% | 43.53% | 45.98% |
| Operating Margin | 9.03% | 9.01% | 7.99% | 13.15% | 11.55% | 14.29% |
| Profit Margin | 6.74% | 6.70% | 6.95% | 11.10% | 9.90% | 12.94% |
| Free Cash Flow Margin | 4.59% | 4.71% | 7.06% | 12.88% | 9.51% | 9.48% |
| EBITDA | 4.89B | 4.93B | 4.48B | 7.55B | 6.62B | 7.51B |
| EBITDA Margin | 10.66% | 10.62% | 9.67% | 14.70% | 12.92% | 16.09% |
| D&A For EBITDA | 750.00M | 747.00M | 775.00M | 796.00M | 703.00M | 840.00M |
| EBIT | 4.14B | 4.18B | 3.70B | 6.75B | 5.92B | 6.67B |
| EBIT Margin | 9.03% | 9.01% | 7.99% | 13.15% | 11.55% | 14.29% |
| Effective Tax Rate | 20.67% | 20.31% | 17.14% | 14.92% | 18.24% | 9.10% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.90B | 7.56B | 7.46B | 9.86B | 7.44B | 8.57B |
| Short-Term Investments | 1.47B | 1.46B | 1.69B | 1.72B | 3.23B | 4.42B |
| Cash & Short-Term Investments | 8.37B | 9.03B | 9.15B | 11.58B | 10.68B | 13.00B |
| Receivables | 5.24B | 5.93B | 4.72B | 4.43B | 4.13B | 4.67B |
| Inventory | 7.85B | 7.50B | 7.49B | 7.52B | 8.45B | 8.42B |
| Prepaid Expenses | 2.07B | 1.49B | 1.39B | 1.22B | 1.22B | 1.26B |
| Other Current Assets | 143.00M | 651.00M | 613.00M | 630.00M | 719.00M | 868.00M |
| Total Current Assets | 23.67B | 24.60B | 23.36B | 25.38B | 25.20B | 28.21B |
| Property, Plant & Equipment | 7.83B | 7.63B | 7.54B | 7.72B | 8.00B | 7.72B |
| Long-Term Investments | 6.00M | 24.00M | ||||
| Goodwill | 240.00M | 240.00M | 240.00M | 240.00M | 281.00M | 284.00M |
| Other Intangible Assets | 259.00M | 259.00M | 259.00M | 259.00M | 274.00M | 286.00M |
| Long-Term Deferred Tax Assets | 5.74B | 2.73B | 2.67B | 2.46B | 2.03B | 2.29B |
| Other Long-Term Assets | 53.00M | 2.94B | 2.49B | 2.05B | 1.74B | 1.53B |
| Total Assets | 37.79B | 38.41B | 36.58B | 38.11B | 37.53B | 40.32B |
| Accounts Payable | 3.42B | 3.60B | 3.48B | 2.85B | 2.86B | 3.36B |
| Accrued Expenses | 3.23B | 3.88B | 3.48B | 3.88B | 4.20B | 1.79B |
| Short-Term Debt | 6.00M | 6.00M | 10.00M | |||
| Current Portion of Long-Term Debt | 2.00B | 2.00B | 1.00B | 500.00M | ||
| Current Portion of Leases | 473.00M | 478.00M | 502.00M | 477.00M | 425.00M | 420.00M |
| Current Income Taxes Payable | 178.00M | 377.00M | 669.00M | 534.00M | 240.00M | 222.00M |
| Other Current Liabilities | 2.11B | 2.21B | 2.43B | 1.84B | 1.52B | 4.43B |
| Total Current Liabilities | 11.41B | 12.55B | 10.57B | 10.59B | 9.26B | 10.73B |
| Long-Term Debt | 5.95B | 5.95B | 7.96B | 7.93B | 8.93B | 8.92B |
| Long-Term Leases | 2.71B | 2.61B | 2.55B | 2.57B | 2.79B | 2.78B |
| Pension & Post-Retirement Benefits | 30.00M | |||||
| Long-Term Deferred Tax Liabilities | 2.06B | 138.00M | 126.00M | 145.00M | 227.00M | 2.32B |
| Other Long-Term Liabilities | 451.00M | 2.29B | 2.16B | 2.44B | 2.33B | 259.00M |
| Total Liabilities | 22.57B | 23.55B | 23.37B | 23.68B | 23.53B | 25.04B |
| Common Stock | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M | 3.00M |
| Additional Paid-In Capital | 15.31B | 15.16B | 14.20B | 13.41B | 12.41B | 11.48B |
| Retained Earnings | -56.00M | -155.00M | -727.00M | 965.00M | 1.36B | 3.48B |
| Comprehensive Income & Other | -39.00M | -141.00M | -258.00M | 53.00M | 231.00M | 318.00M |
| Shareholders' Equity | 15.22B | 14.87B | 13.21B | 14.43B | 14.00B | 15.28B |
| Total Liabilities & Equity | 37.79B | 38.41B | 36.58B | 38.11B | 37.53B | 40.32B |
| Total Debt | 11.12B | 11.04B | 11.02B | 11.98B | 12.14B | 12.63B |
| Net Cash (Debt) | -2.76B | -2.02B | -1.86B | -401.00M | -1.47B | 370.00M |
| Net Cash Per Share | -1.86 | -1.36 | -1.25 | -0.26 | -0.94 | 0.23 |
| Filing Date Shares Outstanding | 1.49B | 1.48B | 1.48B | 1.50B | 1.53B | 1.57B |
| Total Common Shares Outstanding | 1.48B | 1.48B | 1.48B | 1.50B | 1.53B | 1.57B |
| Working Capital | 12.26B | 12.06B | 12.80B | 14.79B | 15.95B | 17.48B |
| Book Value Per Share | 10.26 | 10.02 | 8.95 | 9.60 | 9.14 | 9.73 |
| Tangible Book Value | 14.72B | 14.37B | 12.71B | 13.93B | 13.45B | 14.71B |
| Tangible Book Value Per Share | 9.93 | 9.69 | 8.61 | 9.27 | 8.78 | 9.36 |
| Land | 333.00M | 334.00M | 329.00M | 326.00M | 330.00M | |
| Buildings | 3.59B | 3.51B | 3.44B | 3.29B | 3.17B | |
| Machinery | 3.03B | 2.95B | 3.12B | 3.08B | 2.87B | |
| Construction In Progress | 427.00M | 404.00M | 193.00M | 525.00M | 399.00M | |
| Leasehold Improvements | 2.11B | 2.04B | 2.02B | 1.88B | 1.71B |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 3.09B | 3.11B | 3.22B | 5.70B | 5.07B | 6.05B |
| Depreciation & Amortization | 750.00M | 747.00M | 775.00M | 796.00M | 703.00M | 840.00M |
| Asset Writedown & Restructuring Costs | 51.00M | 50.00M | 33.00M | 48.00M | 156.00M | |
| Stock-Based Compensation | 688.00M | 715.00M | 709.00M | 804.00M | 755.00M | 638.00M |
| Other Operating Activities | -174.00M | -74.00M | -251.00M | -635.00M | -330.00M | -676.00M |
| Change in Accounts Receivable | -297.00M | -1.21B | -257.00M | -329.00M | 489.00M | -504.00M |
| Change in Inventory | 267.00M | -31.00M | 120.00M | 908.00M | -133.00M | -1.68B |
| Change in Accounts Payable | -2.27B | -959.00M | -426.00M | 397.00M | -225.00M | 1.36B |
| Change in Other Net Operating Assets | 674.00M | 519.00M | -224.00M | -260.00M | -644.00M | -845.00M |
| Operating Cash Flow | 2.78B | 2.87B | 3.70B | 7.43B | 5.84B | 5.19B |
| Capital Expenditures | -676.00M | -684.00M | -430.00M | -812.00M | -969.00M | -758.00M |
| Investment in Securities | 120.00M | 261.00M | 147.00M | 1.72B | 1.48B | -747.00M |
| Other Investing Activities | -65.00M | -65.00M | 8.00M | -15.00M | 52.00M | -19.00M |
| Investing Cash Flow | -621.00M | -488.00M | -275.00M | 894.00M | 564.00M | -1.52B |
| Short-Term Debt Issued | 15.00M | |||||
| Total Debt Issued | 15.00M | |||||
| Short-Term Debt Repaid | -4.00M | |||||
| Long-Term Debt Repaid | -1.00B | -500.00M | ||||
| Total Debt Repaid | -1.00B | -504.00M | ||||
| Net Debt Issued (Repaid) | -1.00B | -504.00M | 15.00M | |||
| Issuance of Common Stock | 227.00M | 354.00M | 551.00M | 667.00M | 651.00M | 1.15B |
| Repurchase of Common Stock | -20.00M | -146.00M | -2.98B | -4.25B | -5.48B | -4.01B |
| Common Dividends Paid | -2.43B | -2.41B | -2.30B | -2.17B | -2.01B | -1.84B |
| Other Financing Activities | -93.00M | -93.00M | -86.00M | -136.00M | -102.00M | -151.00M |
| Financing Cash Flow | -2.31B | -2.29B | -5.82B | -5.89B | -7.45B | -4.84B |
| Foreign Exchange Rate Adjustments | 31.00M | 11.00M | 1.00M | -16.00M | -91.00M | -143.00M |
| Net Cash Flow | -121.00M | 99.00M | -2.40B | 2.42B | -1.13B | -1.31B |
| Free Cash Flow | 2.10B | 2.18B | 3.27B | 6.62B | 4.87B | 4.43B |
| Free Cash Flow Margin | 4.59% | 4.71% | 7.06% | 12.88% | 9.51% | 9.48% |
| Free Cash Flow Per Share | 1.42 | 1.48 | 2.20 | 4.33 | 3.10 | 2.75 |
| Levered Free Cash Flow | 1.77B | 1.89B | 3.73B | 5.85B | 3.72B | 2.90B |
| Unlevered Free Cash Flow | 1.90B | 2.03B | 3.91B | 6.02B | 3.90B | 3.09B |
| Cash Interest Paid | 323.00M | 323.00M | 389.00M | 381.00M | 347.00M | 290.00M |
| Cash Income Tax Paid | 1.23B | 1.30B | 1.52B | 1.23B | ||
| Change in Working Capital | -1.63B | -1.68B | -787.00M | 716.00M | -513.00M | -1.66B |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 58.11B | 68.46B | 89.43B | 143.46B | 161.78B | 187.04B |
| Enterprise Value | 60.86B | 71.58B | 90.95B | 145.00B | 163.55B | 186.23B |
| Last Close Price | 39.12 | 45.34 | 57.97 | 89.27 | 97.53 | 108.89 |
| PE Ratio | 18.74 | 22.03 | 27.78 | 25.17 | 31.91 | 30.94 |
| Forward PE | 30.29 | 28.29 | 36.76 | 24.95 | 27.68 | 27.75 |
| PS Ratio | 1.27 | 1.48 | 1.93 | 2.79 | 3.16 | 4.00 |
| PB Ratio | 3.81 | 4.61 | 6.77 | 9.94 | 11.55 | 12.24 |
| P/TBV Ratio | 3.95 | 4.77 | 7.03 | 10.30 | 12.03 | 12.71 |
| P/FCF Ratio | 27.60 | 31.35 | 27.36 | 21.68 | 33.21 | 42.22 |
| P/OCF Ratio | 20.89 | 23.87 | 24.18 | 19.31 | 27.70 | 36.05 |
| PEG Ratio | 6.06 | 1.73 | 46.56 | 2.19 | 2.57 | 1.77 |
| EV/Sales Ratio | 1.33 | 1.54 | 1.96 | 2.82 | 3.19 | 3.99 |
| EV/EBITDA Ratio | 12.44 | 14.52 | 20.32 | 19.20 | 24.71 | 24.78 |
| EV/EBIT Ratio | 14.69 | 17.12 | 24.57 | 21.47 | 27.65 | 27.90 |
| EV/FCF Ratio | 28.91 | 32.78 | 27.83 | 21.91 | 33.57 | 42.04 |
| Debt / Equity Ratio | 0.73 | 0.74 | 0.83 | 0.83 | 0.87 | 0.83 |
| Debt / EBITDA Ratio | 1.84 | 1.82 | 1.98 | 1.39 | 1.60 | 1.49 |
| Debt / FCF Ratio | 5.29 | 5.06 | 3.37 | 1.81 | 2.49 | 2.85 |
| Net Debt / Equity Ratio | 0.18 | 0.14 | 0.14 | 0.03 | 0.10 | -0.02 |
| Net Debt / EBITDA Ratio | 0.56 | 0.41 | 0.42 | 0.05 | 0.22 | -0.05 |
| Net Debt / FCF Ratio | 1.31 | 0.92 | 0.57 | 0.06 | 0.30 | -0.08 |
| Asset Turnover | 1.22 | 1.24 | 1.24 | 1.36 | 1.32 | 1.20 |
| Inventory Turnover | 3.25 | 3.51 | 3.53 | 3.56 | 3.43 | 3.30 |
| Quick Ratio | 1.19 | 1.19 | 1.31 | 1.51 | 1.60 | 1.65 |
| Current Ratio | 2.08 | 1.96 | 2.21 | 2.40 | 2.72 | 2.63 |
| Return on Equity (ROE) | 21.56% | 22.14% | 23.29% | 40.09% | 34.62% | 43.11% |
| Return on Assets (ROA) | 6.89% | 6.97% | 6.20% | 11.16% | 9.50% | 10.69% |
| Return on Invested Capital (ROIC) | 18.86% | 20.86% | 20.51% | 37.92% | 31.83% | 44.92% |
| Return on Capital Employed (ROCE) | 15.70% | 16.20% | 14.20% | 24.50% | 20.90% | 22.60% |
| Earnings Yield | 5.34% | 4.54% | 3.60% | 3.97% | 3.13% | 3.23% |
| FCF Yield | 3.62% | 3.19% | 3.65% | 4.61% | 3.01% | 2.37% |
| Dividend Yield | 4.19% | 3.53% | 2.59% | 1.52% | 1.26% | 1.00% |
| Payout Ratio | 78.56% | 77.44% | 71.45% | 38.05% | 39.68% | 30.38% |
| Buyback Yield / Dilution | -0.03% | 0.44% | 2.75% | 2.55% | 2.54% | -0.09% |
| Total Shareholder Return | 4.16% | 3.98% | 5.34% | 4.07% | 3.80% | 0.91% |