NIKE
NKE · NYSERubber & Plastics Footwear · Fiscal year ends May 31
NIKE reported revenue of $46.4B in the fiscal year ended May 2026, up 0.2% from the year before. Net income was $3.1B. Operating cash flow of $2.9B less capital expenditure of $684M left free cash flow of $2.2B. Net debt was $379M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue | $46.7B | $51.2B | $51.4B | $46.3B | $46.4B |
| Cost of revenue | $25.2B | $28.9B | $28.5B | $26.5B | $26.5B |
| Gross profit | $21.5B | $22.3B | $22.9B | $19.8B | $19.9B |
| Selling, general & admin | $14.8B | $16.4B | $16.6B | $16.1B | $16.1B |
| Pre-tax income | $6.7B | $6.2B | $6.7B | $3.9B | $3.9B |
| Income tax | $605M | $1.1B | $1B | $666M | $792M |
| Net income | $6B | $5.1B | $5.7B | $3.2B | $3.1B |
| Diluted EPS | 3.75 | 3.23 | 3.73 | 2.16 | 2.10 |
| Diluted shares | 1,611M | 1,570M | 1,530M | 1,488M | 1,481M |
Balance sheet
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $8.6B | $7.4B | $9.9B | $7.5B | $7.6B |
| Receivables | $4.7B | $4.1B | $4.4B | $4.7B | $5.9B |
| Current assets | $28.2B | $25.2B | $25.4B | $23.4B | $24.6B |
| Net PP&E | $4.8B | $5.1B | $5B | $4.8B | $4.8B |
| Goodwill | $284M | $281M | $240M | $240M | $240M |
| Total assets | $40.3B | $37.5B | $38.1B | $36.6B | $38.4B |
| Payables | $3.4B | $2.9B | $2.9B | $3.5B | $3.6B |
| Current liabilities | $10.7B | $9.3B | $10.6B | $10.6B | $12.5B |
| Short-term debt | $500M | $0 | $1B | $0 | $2B |
| Long-term debt | $8.9B | $8.9B | $7.9B | $8B | $5.9B |
| Shareholders' equity | $15.3B | $14B | $14.4B | $13.2B | $14.9B |
Cash flow
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $5.2B | $5.8B | $7.4B | $3.7B | $2.9B |
| Capital expenditure | $758M | $969M | $812M | $430M | $684M |
| Free cash flow | $4.4B | $4.9B | $6.6B | $3.3B | $2.2B |
| Depreciation & amortisation | $717M | $703M | $796M | $775M | $747M |
| Stock-based compensation | $638M | $755M | $804M | $709M | $715M |
| Share buybacks | $4B | $5.5B | $4.3B | $3B | $146M |
| Dividends paid | $1.8B | $2B | $2.2B | $2.3B | $2.4B |
| Dividend per share | 1.19 | 1.32 | 1.45 | 1.57 | 1.63 |
Key ratios
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 9.6% | 0.3% | −9.8% | 0.2% |
| EPS growth (YoY) | – | −13.9% | 15.5% | −42.1% | −2.8% |
| Gross margin | 46.0% | 43.5% | 44.6% | 42.7% | 42.9% |
| Net margin | 12.9% | 9.9% | 11.1% | 7.0% | 6.7% |
| Return on equityBlank when equity is negative | 39.6% | 36.2% | 39.5% | 24.4% | 20.9% |
| Free cash flow margin | 9.5% | 9.5% | 12.9% | 7.1% | 4.7% |
| Cash conversion (CFO ÷ net income) | 0.86x | 1.15x | 1.30x | 1.15x | 0.92x |
| Receivable days | 36 | 29 | 31 | 37 | 47 |
| Payable days | 49 | 36 | 37 | 48 | 50 |
| Debt ÷ equity | 0.62x | 0.64x | 0.62x | 0.60x | 0.53x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $846M | $1.5B | −$957M | $497M | $379M |
| Current ratio | 2.63x | 2.72x | 2.40x | 2.21x | 1.96x |
Recent filings
More in Rubber & Plastics Footwear
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.