Nike (NKE) financial statements
Nike reported revenue of $46.4B in fiscal 2026, up 3.4% a year over 9 years.
Net income was $3.1B.
Free cash flow was $2.2B, and the company returned $2.4B in dividends and $146M in net buybacks.
The diluted share count fell 12% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Nike's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.4B | $36.4B | $39.1B | $37.4B | $44.5B | $46.7B | $51.2B | $51.4B | $46.3B | $46.4B |
| Cost of revenue | $19.0B | $20.4B | $21.6B | $21.2B | $24.6B | $25.2B | $28.9B | $28.5B | $26.5B | $26.5B |
| Gross profit | $15.3B | $16.0B | $17.5B | $16.2B | $20.0B | $21.5B | $22.3B | $22.9B | $19.8B | $19.9B |
| Selling, general and admin | $10.6B | $11.5B | $12.7B | $13.1B | $13.0B | $14.8B | $16.4B | $16.6B | $16.1B | $16.1B |
| Pre-tax income | $4.9B | $4.3B | $4.8B | $2.9B | $6.7B | $6.7B | $6.2B | $6.7B | $3.9B | $3.9B |
| Income tax | $646M | $2.4B | $772M | $348M | $934M | $605M | $1.1B | $1.0B | $666M | $792M |
| Net income | $4.2B | $1.9B | $4.0B | $2.5B | $5.7B | $6.0B | $5.1B | $5.7B | $3.2B | $3.1B |
| EPS (diluted) | $2.51 | $1.17 | $2.49 | $1.60 | $3.56 | $3.75 | $3.23 | $3.73 | $2.16 | $2.10 |
| Diluted shares | 1.69B | 1.66B | 1.62B | 1.59B | 1.61B | 1.61B | 1.57B | 1.53B | 1.49B | 1.48B |
| Gross margin | 44.6% | 43.8% | 44.7% | 43.4% | 44.8% | 46.0% | 43.5% | 44.6% | 42.7% | 42.9% |
| Net margin | 12.3% | 5.3% | 10.3% | 6.8% | 12.9% | 12.9% | 9.9% | 11.1% | 7.0% | 6.7% |
Balance sheet
Fiscal years, from Nike's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $6.2B | $5.2B | $4.7B | $8.8B | $13.5B | $8.6B | $7.4B | $9.9B | $7.5B | $7.6B |
| Receivables | $3.7B | $3.5B | $4.3B | $2.7B | $4.5B | $4.7B | $4.1B | $4.4B | $4.7B | $5.9B |
| Total current assets | $16.1B | $15.1B | $16.5B | $20.6B | $26.3B | $28.2B | $25.2B | $25.4B | $23.4B | $24.6B |
| Property, plant and equipment | $4.0B | $4.5B | $4.7B | $4.9B | $4.9B | $4.8B | $5.1B | $5.0B | $4.8B | $4.8B |
| Goodwill | $139M | $154M | $154M | $223M | $242M | $284M | $281M | $240M | $240M | $240M |
| Total assets | $23.3B | $22.5B | $23.7B | $31.3B | $37.7B | $40.3B | $37.5B | $38.1B | $36.6B | $38.4B |
| Total current liabilities | $5.5B | $6.0B | $7.9B | $8.3B | $9.7B | $10.7B | $9.3B | $10.6B | $10.6B | $12.5B |
| Long-term debt | $3.5B | $3.5B | $3.5B | $9.4B | $9.4B | $8.9B | $8.9B | $7.9B | $8.0B | $5.9B |
| Total liabilities | $10.9B | $12.7B | $14.7B | $23.3B | $25.0B | $25.0B | $23.5B | $23.7B | $23.4B | $23.5B |
| Shareholders' equity | $12.4B | $9.8B | $9.0B | $8.1B | $12.8B | $15.3B | $14.0B | $14.4B | $13.2B | $14.9B |
| Net debt | -$331M | -$775M | -$996M | $1.1B | -$476M | $846M | $1.5B | -$957M | $497M | $379M |
Cash flow
Fiscal years, from Nike's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.8B | $5.0B | $5.9B | $2.5B | $6.7B | $5.2B | $5.8B | $7.4B | $3.7B | $2.9B |
| Capital spending | $1.1B | $1.0B | $1.1B | $1.1B | $695M | $758M | $969M | $812M | $430M | $684M |
| Free cash flow | $2.7B | $3.9B | $4.8B | $1.4B | $6.0B | $4.4B | $4.9B | $6.6B | $3.3B | $2.2B |
| Stock-based compensation | $215M | $218M | $325M | $429M | $611M | $638M | $755M | $804M | $709M | $715M |
| Dividends paid | $1.1B | $1.2B | $1.3B | $1.5B | $1.6B | $1.8B | $2.0B | $2.2B | $2.3B | $2.4B |
| Share buybacks (net) | -$3.2B | -$4.3B | -$4.3B | -$3.1B | -$608M | -$4.0B | -$5.5B | -$4.2B | -$3.0B | -$146M |
| Net borrowing | $1.4B | -$6M | -$6M | $6.1B | -$197M | $0 | -$500M | $0 | -$1.0B | $0 |
| Free cash flow margin | 8.0% | 10.8% | 12.2% | 3.7% | 13.4% | 9.5% | 9.5% | 12.9% | 7.1% | 4.7% |
| Dividends per share | $0.67 | $0.75 | $0.82 | $0.91 | $1.02 | $1.14 | $1.28 | $1.42 | $1.55 | $1.63 |
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Open NKE in InvestinglyQuestions
What was Nike's revenue in 2026?
$46.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Nike generate?
$2.2B in fiscal 2026 (operating cash flow minus capital spending).
From Nike's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.