Is Nike financially healthy?

On 31 August 2026 Nike held 8.37B USD in cash and short-term investments against total debt of 11.07B USD. Its current ratio is 2.07: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 2.11B USD of free cash flow.

Nike's revenue grew 0.8% a year over its last five fiscal years, from 44.54B USD in fiscal year 2021 to 46.40B USD in fiscal year 2026. Over the last twelve months it was down 1.2% on the twelve months before.

Where can I find Nike's annual report (10-K)?

Nike files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

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NKE

Arincen ScoreBeta45/100

45/100B

38.585

USD

-0.98

(-2.46%)

Pre Open·38.960USD+0.375(+0.97%)

Last updated: 9 Nov, 08:35 GMT-5 · Delayed 15 min

Fair valueNot reliable

Q2 FY2027 · Earnings report

EPS estimate 0.34Revenue estimate 11.13B

Q2 FY2027 · Earnings report

Thursday 17 December

EPS estimate 0.34Revenue estimate 11.13B

Fair valueNot reliable

Q2 FY2027 · Earnings report

EPS estimate 0.34Revenue estimate 11.13B

Q2 FY2027 · Earnings report

Thursday 17 December

EPS estimate 0.34Revenue estimate 11.13B

Overview Financials Signals Ideas News Forecast Earnings Dividends Company

Nike financials

Yes. Nike earned 3.09B USD of net income over the last twelve months, 6.7% of its revenue. It made a profit in 41 of its 41 fiscal years since 1986.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 45.89B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 3.09B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 2.11B USD
Cash and short-term investments: 8.37B USD
Total debt: 11.07B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 15.22B USD

Cash, debt and equity as of 31 Aug 2026.

Nike earnings

Next earnings · Q2 FY2027

17 Dec 2026

EPS estimate

0.34 USD

Revenue estimate

11.13B USD

Last quarter · Q1 FY2027

EPS0.48Beat +10.8%Revenue11.21BMissed -0.9%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q1 FY2028	—	0.48	—	—	-0.14%	10.97B	—	—	-2.17%
Q4 FY2027	—	0.16	—	—	-78.10%	10.10B	—	—	-7.92%
Q3 FY2027	—	0.25	—	—	-27.27%	10.33B	—	—	-8.41%
Q2 FY2027	17 Dec 2026	0.34	—	—	-35.85%	11.13B	—	—	-10.43%
Q1 FY2027	1 Oct 2026	0.43	0.48	+10.83%	-2.04%	11.32B	11.21B	-0.95%	-4.33%
Q4 FY2026	30 Jun 2026	0.11	0.72	+554.55%	+414.29%	10.85B	10.97B	+1.13%	-1.13%
Q3 FY2026	31 Mar 2026	0.29	0.35	+20.36%	-35.19%	11.23B	11.28B	+0.43%	+0.09%
Q2 FY2026	18 Dec 2025	0.37	0.53	+41.45%	-32.05%	12.21B	12.43B	+1.82%	+0.59%
Q1 FY2026	30 Sept 2025	0.27	0.49	+80.15%	-30.00%	10.99B	11.72B	+6.65%	+1.13%
Q4 FY2025	26 Jun 2025	0.13	0.14	+7.44%	-86.14%	10.73B	11.10B	+3.44%	-11.97%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2029	1.82	—	—	+21.04%	44.04B	—	—	+2.38%
FY2028	1.50	—	—	+18.32%	43.02B	—	—	+0.40%
FY2027	1.27	—	—	-39.30%	42.84B	—	—	-7.66%
FY2026	1.50	2.09	+39.35%	-3.24%	46.26B	46.40B	+0.29%	+0.19%
FY2025	2.15	2.16	+0.56%	-45.45%	45.91B	46.31B	+0.86%	-9.84%
FY2024	3.51	3.96	+12.80%	+22.60%	50.01B	51.36B	+2.70%	+0.28%
FY2023	3.24	3.23	-0.31%	-14.10%	50.99B	51.22B	+0.45%	+9.65%

Nike growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 45.89B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 3.09B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 43.07%
Operating margin: 8.20%
Net margin: 6.74%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2026	46.40B	+0.19%	3.11B	-3.45%	42.91%	8.19%	6.70%	4.54B	-8.79%
FY2025	46.31B	-9.84%	3.22B	-43.53%	42.73%	7.99%	6.95%	4.98B	-36.17%
FY2024	51.36B	+0.28%	5.70B	+12.43%	44.56%	12.29%	11.10%	7.81B	+6.29%
FY2023	51.22B	+9.65%	5.07B	-16.14%	43.52%	11.55%	9.90%	7.34B	-5.65%
FY2022	46.71B	+4.88%	6.05B	+5.57%	45.98%	14.29%	12.94%	7.78B	+0.63%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q1 FY2027	11.21B	712.00M	42.79%	7.92%	6.35%
Q4 FY2026	10.97B	1.07B	49.15%	11.98%	9.74%
Q3 FY2026	11.28B	520.00M	40.16%	4.90%	4.61%
Q2 FY2026	12.43B	792.00M	40.60%	8.10%	6.37%
Q1 FY2026	11.72B	727.00M	42.18%	7.91%	6.20%

How Nike makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Footwear30.54B 65.8%

Apparel15.72B 33.9%

Product and Service, Other143.00M 0.3%

Revenue46.40B 100.0%

Cost of revenue26.49B 57.1%

Gross profit19.91B 42.9%

Selling and administration16.11B 34.7%

Operating income3.80B 8.2%

Tax792.00M 1.7%

Net income3.11B 6.7%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Nike revenue breakdown

By product

FY2026

65.8%Footwear33.9%Apparel

Segment	Revenue	Share of revenue	Change on the year
Footwear	30.54B	65.8%	-1.4%
Apparel	15.72B	33.9%	+2.9%
Product and Service, Other	143.00M	0.3%	+93.2%

By region

FY2026

45.4%North America27.8%Europe, Middle East And Africa13.8%Asia Pacific And Latin America12.9%Greater China

Region	Revenue	Share of revenue	Change on the year
North America	20.51B	45.4%	+4.8%
Europe, Middle East And Africa	12.57B	27.8%	+2.6%
Asia Pacific And Latin America	6.24B	13.8%	-0.1%
Greater China	5.85B	12.9%	-11.2%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2026	2.87B	2.18B
FY2025	3.70B	3.27B
FY2024	7.43B	6.62B
FY2023	5.84B	4.87B
FY2022	5.19B	4.43B
FY2021	6.66B	5.96B
FY2020	2.49B	1.40B
FY2019	5.90B	4.78B
FY2018	4.96B	3.93B
FY2017	3.64B	2.54B

Nike financial health

Full balance sheet

Cash and short-term investments: 8.37B USD
Total debt: 11.07B USD
Net cash: -2.70B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 2.11B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 2.07
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 0.73
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 5 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 3.50

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2026	9.03B	11.03B	2.18B
FY2025	9.15B	11.02B	3.27B
FY2024	11.58B	11.95B	6.62B
FY2023	10.68B	12.14B	4.87B
FY2022	13.00B	12.63B	4.43B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2026	38.41B	23.55B	14.87B
FY2025	36.58B	23.37B	13.21B
FY2024	38.11B	23.68B	14.43B
FY2023	37.53B	23.53B	14.00B
FY2022	40.32B	25.04B	15.28B
FY2021	37.74B	24.97B	12.77B
FY2020	31.34B	23.29B	8.06B
FY2019	23.72B	14.68B	9.04B
FY2018	22.54B	12.72B	9.81B
FY2017	23.26B	10.85B	12.41B

Nike valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 18.46
Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 30.41
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 1.25
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 3.77
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 13.15

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

57.31B USD

Total debt

11.07B USD

−

Cash and short-term investments

8.37B USD

Enterprise value

60.01B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2029 (est.)	21.23	—	—	—	—
FY2028 (est.)	25.70	21.23	—	—	—
FY2027 (est.)	30.41	25.70	—	—	—
Now (TTM)	18.46	28.13	1.25	3.77	13.15
FY2026	21.87	36.40	1.47	4.58	15.75
FY2025	27.92	40.32	1.94	6.81	18.77
FY2024	25.28	39.85	2.81	10.00	18.75
FY2023	32.19	30.00	3.19	11.66	22.88
FY2022	31.03	36.72	4.02	12.28	24.63

Nike against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: eBay, AutoZone, Ford Motor, O'Reilly Automotive, Ross Stores, and General Motors, the US Consumer Cyclical companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Below its median18.5
16.245.3
Gross marginBelow its median42.9%
42.7%46.0%
Against its peers: 4 of 7Peers' median 39.8%
Operating marginBelow its median8.2%
8.0%14.3%
Against its peers: 5 of 7Peers' median 15.1%
Net marginLowest in 5 years6.7%
6.7%12.9%
Against its peers: 5 of 7Peers' median 11.0%
Return on equityLowest in 5 years20.9%
20.9%39.6%
Against its peers: 3 of 5Peers' median 19.5%
Free cash flow marginLowest in 5 years4.7%
4.7%12.9%
Against its peers: 7 of 7Peers' median 8.9%
Revenue growthBelow its median0.2%
-9.8%9.6%
Against its peers: 6 of 7Peers' median 6.9%
EPS growthAt its median-2.8%
-42.1%15.5%
Against its peers: 5 of 7Peers' median 4.9%
Debt to EBITDAHighest in 5 years2.43×
1.53×2.43×
Against its peers: 3 of 6Peers' median 2.49×
Current ratioLowest in 5 years1.96
1.962.72
Against its peers: 1 of 7Peers' median 1.09

Figure	FY2026	5-year low – high	Against its history	Against its peers
P/E (today)	18.5	16.245.3	Below its median	—
Gross margin	42.9%	42.7%46.0%	Below its median	4 of 7
Operating margin	8.2%	8.0%14.3%	Below its median	5 of 7
Net margin	6.7%	6.7%12.9%	Lowest in 5 years	5 of 7
Return on equity	20.9%	20.9%39.6%	Lowest in 5 years	3 of 5
Free cash flow margin	4.7%	4.7%12.9%	Lowest in 5 years	7 of 7
Revenue growth	0.2%	-9.8%9.6%	Below its median	6 of 7
EPS growth	-2.8%	-42.1%15.5%	At its median	5 of 7
Debt to EBITDA	2.43×	1.53×2.43×	Highest in 5 years	3 of 6
Current ratio	1.96	1.962.72	Lowest in 5 years	1 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Nike dividends

Annual dividend: 1.64 USD
Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.: 4.25%
Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).: 78.47%
Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.: 25
Frequency: Quarterly
Last payment: 0.41 USD
Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 1 Sept 2026
Last payment date: 1 Oct 2026

Dividends per share

Year	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Dividends per share	1.60	1.48	1.02	1.26	1.13	1.26	0.88	0.80	0.72	0.64

Nike ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 65.71%
Institutional holders: 1,876 (-172)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 79.34%

Who owns the shares

Institutions 65.7% Others 34.3%

As of 30 Jun 2026

Shares free to trade

Free float 1.18B shares ·79.3% Closely held 306.84M shares ·20.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Purchases	Sales	Shares acquired	Shares disposed of
Q4 2026	0	0	0.00	5.64K
Q3 2026	0	8	4.71M	2.91M
Q2 2026	5	1	2.39M	2.38M
Q1 2026	0	1	9.00M	9.01M

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2026	1.48B	1.48B	-0.32%
FY2025	1.48B	1.49B	-2.75%
FY2024	1.52B	1.53B	-2.55%
FY2023	1.55B	1.57B	-2.55%
FY2022	1.58B	1.61B	+0.09%

Common questions about Nike's financials

Source: Financial Modeling Prep

Nike
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NKE

Nike financials

Nike earnings

Revenue

EPS

Nike growth and profitability

Revenue / Net income

How Nike makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Nike revenue breakdown

By product

By region

Operating and free cash flow

Nike financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Nike valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Nike against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Nike dividends

Dividends per share

Nike ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Nike's financials

Is Nike profitable?

Is Nike financially healthy?

Is Nike growing?

Where can I find Nike's annual report (10-K)?

Need help?

Nike DQuotes are delayed by 15 minutes

NKE

Nike financials

Nike earnings

Revenue

EPS

Nike growth and profitability

Revenue / Net income

How Nike makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Nike revenue breakdown

By product

By region

Operating and free cash flow

Nike financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Nike valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Nike against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Nike dividends

Dividends per share

Nike ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Nike's financials

Is Nike profitable?

Is Nike financially healthy?

Is Nike growing?

Where can I find Nike's annual report (10-K)?

Need help?

Nike
D
Quotes are delayed by 15 minutes