NKE Financials Nike

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 4, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 0.8% per year over the past 5 years.
Net income has grown slower than revenue (-11.5% vs 0.8% per year).
Free cash flow has declined 18.2% per year over the past 5 years.

Financial health

Total debt ($7.9B) exceeds cash ($7.6B); net debt is $379M.
Total debt has grown slower than revenue (-3.3% vs 0.8% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 77.4% of earnings and 110.2% of free cash flow.
The dividend has grown 8.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$46.4B	$3.1B	42.9%	0.0%	20.9%	8.1%	$2.2B	$7.9B	$7.6B
2025	$46.3B	$3.2B	42.7%	0.0%	24.4%	8.8%	$3.3B	$8.0B	$7.5B
2024	$51.4B	$5.7B	44.6%	0.0%	39.5%	15.0%	$6.6B	$8.9B	$9.9B
2023	$51.2B	$5.1B	43.5%	0.0%	36.2%	13.5%	$4.9B	$8.9B	$7.4B
2022	$46.7B	$6.0B	46.0%	0.0%	39.6%	15.0%	$4.4B	$9.4B	$8.6B
2021	$44.5B	$5.7B	44.8%	0.0%	44.9%	15.2%	$6.0B	$9.4B	$9.9B
2020	$37.4B	$2.5B	43.4%	0.0%	31.5%	8.1%	$1.4B	$9.7B	$8.3B
2019	$39.1B	$4.0B	44.7%	0.0%	44.6%	17.0%	$4.8B	$3.5B	$4.5B
2018	$36.4B	$1.9B	43.8%	0.0%	19.7%	8.6%	$3.9B	$3.8B	$4.2B
2017	$34.4B	$4.2B	44.6%	0.0%	34.2%	18.2%	$2.7B	$3.8B	$3.8B
2016	—	$3.8B	—	—	30.7%	17.6%	$2.3B	$2.0B	$3.1B
2015	—	$3.3B	—	—	25.8%	15.2%	$3.7B	$1.3B	$3.9B
2014	—	$2.7B	—	—	24.9%	14.5%	$2.1B	$1.4B	$2.2B
2013	—	$2.5B	—	—	22.3%	14.1%	$2.4B	$1.4B	$3.3B
2012	—	$2.2B	—	—	21.4%	14.3%	$1.4B	$385M	$2.3B

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$11.2B	$712M	42.8%	0.0%	4.7%	1.9%	-$64M	$7.9B	$6.9B
May '26	$11.0B	$1.1B	49.2%	0.0%	7.2%	2.8%	$1.5B	$7.9B	$7.6B
Feb '26	$11.3B	$520M	40.2%	0.0%	3.7%	1.4%	$284M	$8.0B	$6.7B
Nov '25	$12.4B	$792M	40.6%	0.0%	5.6%	2.1%	$386M	$8.0B	$7.0B
Aug '25	$11.7B	$727M	42.2%	0.0%	5.4%	1.9%	$15M	$8.0B	$7.0B
May '25	$11.1B	$211M	40.3%	0.0%	1.6%	0.6%	$363M	$8.0B	$7.5B
Feb '25	$11.3B	$794M	41.5%	0.0%	5.7%	2.1%	$1.7B	$9.0B	$8.6B
Nov '24	$12.4B	$1.2B	43.6%	0.0%	8.3%	3.1%	$920M	$9.0B	$8.0B
Aug '24	$11.6B	$1.1B	45.4%	0.0%	7.5%	2.8%	$274M	$9.0B	$8.5B
May '24	$12.6B	$1.5B	44.7%	0.0%	10.4%	3.9%	$2.4B	$8.9B	$9.9B
Feb '24	$12.4B	$1.2B	44.8%	0.0%	8.2%	3.1%	$1.9B	$8.9B	$9.0B
Nov '23	$13.4B	$1.6B	44.6%	0.0%	11.2%	4.2%	$2.6B	$8.9B	$7.9B
Aug '23	$12.9B	$1.4B	44.2%	0.0%	10.4%	3.9%	-$319M	$8.9B	$6.2B
May '23	$12.8B	$1.0B	43.6%	0.0%	7.4%	2.7%	$2.0B	$8.9B	$7.4B
Feb '23	$12.4B	$1.2B	43.3%	0.0%	8.5%	3.2%	$2.0B	$9.4B	$7.0B
Nov '22	$13.3B	$1.3B	42.9%	0.0%	8.7%	3.4%	$765M	$9.4B	$6.5B
Aug '22	$12.7B	$1.5B	44.3%	0.0%	9.3%	3.6%	$93M	$9.4B	$7.2B
May '22	$12.2B	$1.4B	45.0%	0.0%	9.4%	3.6%	$909M	$9.4B	$8.6B
Feb '22	$10.9B	$1.4B	46.6%	0.0%	9.4%	3.6%	$15M	$9.4B	$8.7B
Nov '21	$11.4B	$1.3B	45.9%	0.0%	9.0%	3.4%	$2.6B	$9.4B	$10.8B

Valuation over time

How the market has priced NKE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 30.1× (Mar '23) to 18.7× (Nov '26).
The price-to-sales ratio has fallen from 3.9× (Mar '23) to 1.3× (Nov '26).
The dividend yield has risen from 1.0% (Mar '23) to 4.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is NKE growing its revenue and profit?

Over the past 5 years, Nike's revenue has grown 0.8% per year, and net income declined 11.5% per year. These are computed facts, not advice.

How much debt does NKE have?

As of FY2026, Nike reported $7.9B of total debt against $7.6B of cash.

What is NKE's profit margin?

In FY2026, gross margin was 42.9%, operating margin —, and net margin 6.7%.

What is NKE's P/E ratio?

Nike's P/E (TTM) is 18.79 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NKE stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 18.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.