NIKE, Inc.
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NKE FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 46,309 | 51,362 | -9.8% |
Show Product Lines breakouts |
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| Apparel | 13,045 | 13,868 | -5.9% |
| Apparel · CONVERSE | 80 | 93 | -14.0% |
| Apparel · NIKE Brand | 12,965 | 13,775 | -5.9% |
| Apparel · NIKE Brand | 1,541 | 1,614 | -4.5% |
| Apparel · NIKE Brand | 3,971 | 4,380 | -9.3% |
| Apparel · NIKE Brand | 1,616 | 1,828 | -11.6% |
| Apparel · NIKE Brand | 5,837 | 5,953 | -1.9% |
| Equipment | 2,223 | 2,112 | +5.3% |
| Equipment · CONVERSE | 32 | 37 | -13.5% |
| Equipment · NIKE Brand | 2,191 | 2,075 | +5.6% |
| Equipment · NIKE Brand | 258 | 250 | +3.2% |
| Equipment · NIKE Brand | 717 | 754 | -4.9% |
| Equipment · NIKE Brand | 165 | 165 | 0.0% |
| Equipment · NIKE Brand | 1,051 | 906 | +16.0% |
| Footwear | 30,967 | 35,227 | -12.1% |
| Footwear · CONVERSE | 1,457 | 1,800 | -19.1% |
| Footwear · NIKE Brand | 29,510 | 33,427 | -11.7% |
| Footwear · NIKE Brand | 4,452 | 4,865 | -8.5% |
| Footwear · NIKE Brand | 7,569 | 8,473 | -10.7% |
| Footwear · NIKE Brand | 4,805 | 5,552 | -13.5% |
| Footwear · NIKE Brand | 12,684 | 14,537 | -12.7% |
| Product And Service Other | 74 | 155 | -52.3% |
| Product And Service Other · CONVERSE | 123 | 152 | -19.1% |
| Product And Service Other · Corporate Non Segment | -97 | -42 | -131.0% |
| Product And Service Other · NIKE Brand | 48 | 45 | +6.7% |
| Product And Service Other · NIKE Brand | 48 | 45 | +6.7% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 123 | 152 | -19.1% |
| CONVERSE · Operating Segments | 875 | 1,098 | -20.3% |
| CONVERSE · Operating Segments | 694 | 832 | -16.6% |
| CONVERSE · Operating Segments | 1,692 | 2,082 | -18.7% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 3,678 | 3,930 | -6.4% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 2,573 | 2,799 | -8.1% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 6,251 | 6,729 | -7.1% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 8,022 | 8,562 | -6.3% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 4,235 | 5,045 | -16.1% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 12,257 | 13,607 | -9.9% |
| NIKE Brand · GREATER CHINA | 3,699 | 4,262 | -13.2% |
| NIKE Brand · GREATER CHINA | 2,887 | 3,283 | -12.1% |
| NIKE Brand · GREATER CHINA | 6,586 | 7,545 | -12.7% |
| NIKE Brand · Material Reconciling Items | 48 | 45 | +6.7% |
| NIKE Brand · Material Reconciling Items | 48 | 45 | +6.7% |
| NIKE Brand · NORTH AMERICA | 10,484 | 11,004 | -4.7% |
| NIKE Brand · NORTH AMERICA | 9,088 | 10,392 | -12.5% |
| NIKE Brand · NORTH AMERICA | 19,572 | 21,396 | -8.5% |
| NIKE Brand · Operating Segments | 48 | 45 | +6.7% |
| NIKE Brand · Operating Segments | 25,883 | 27,758 | -6.8% |
| NIKE Brand · Operating Segments | 18,783 | 21,519 | -12.7% |
| NIKE Brand · Operating Segments | 44,714 | 49,322 | -9.3% |
Show Geography breakouts |
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| US | 19,725 | 21,551 | -8.5% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -97 | -42 | -131.0% |
| Corporate Non Segment · Other | -97 | -42 | -131.0% |
Show Contract With Customer Sales Channel breakouts |
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| Other | 74 | 155 | -52.3% |
| Sales Channel Directly To Consumer | 19,477 | 22,351 | -12.9% |
| Sales to Wholesale Customers | 26,758 | 28,856 | -7.3% |
| Cost of Revenue | 26,519 | 28,475 | -6.9% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 868 | 989 | -12.2% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 3,502 | 3,639 | -3.8% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 6,967 | 7,589 | -8.2% |
| NIKE Brand · GREATER CHINA | 3,558 | 3,761 | -5.4% |
| NIKE Brand · Material Reconciling Items | 634 | 602 | +5.3% |
| NIKE Brand · NORTH AMERICA | 11,056 | 11,899 | -7.1% |
| NIKE Brand · Operating Segments | 25,717 | 27,490 | -6.4% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -66 | -4 | -1550.0% |
| Gross Profit | 19,790 | 22,887 | -13.5% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 824 | 1,093 | -24.6% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 2,749 | 3,090 | -11.0% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 5,290 | 6,018 | -12.1% |
| NIKE Brand · GREATER CHINA | 3,028 | 3,784 | -20.0% |
| NIKE Brand · Material Reconciling Items | -586 | -557 | -5.2% |
| NIKE Brand · NORTH AMERICA | 8,516 | 9,497 | -10.3% |
| NIKE Brand · Operating Segments | 18,997 | 21,832 | -13.0% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -31 | -38 | +18.4% |
| Marketing And Advertising Expense | 4,689 | 4,285 | +9.4% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 156 | 140 | +11.4% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 421 | 407 | +3.4% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 1,222 | 1,114 | +9.7% |
| NIKE Brand · GREATER CHINA | 529 | 519 | +1.9% |
| NIKE Brand · Material Reconciling Items | 716 | 596 | +20.1% |
| NIKE Brand · NORTH AMERICA | 1,633 | 1,495 | +9.2% |
| NIKE Brand · Operating Segments | 4,521 | 4,131 | +9.4% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 12 | 14 | -14.3% |
| General & Administrative | 11,399 | 12,291 | -7.3% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 430 | 485 | -11.3% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 804 | 801 | +0.4% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 1,479 | 1,517 | -2.5% |
| NIKE Brand · GREATER CHINA | 973 | 1,019 | -4.5% |
| NIKE Brand · Material Reconciling Items | 3,401 | 3,534 | -3.8% |
| NIKE Brand · NORTH AMERICA | 2,150 | 2,189 | -1.8% |
| NIKE Brand · Operating Segments | 8,807 | 9,060 | -2.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 2,162 | 2,746 | -21.3% |
| Selling, General & Administrative | 16,088 | 16,576 | -2.9% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 586 | 625 | -6.2% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 1,225 | 1,208 | +1.4% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 2,701 | 2,631 | +2.7% |
| NIKE Brand · GREATER CHINA | 1,502 | 1,538 | -2.3% |
| NIKE Brand · Material Reconciling Items | 4,117 | 4,130 | -0.3% |
| NIKE Brand · NORTH AMERICA | 3,783 | 3,684 | +2.7% |
| NIKE Brand · Operating Segments | 13,328 | 13,191 | +1.0% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 2,174 | 2,760 | -21.2% |
| Interest Income Expense Nonoperating Net | -107 | -161 | +33.5% |
| Other Non-Operating Income (Expense) | -76 | -228 | +66.7% |
| Income Before Taxes | 3,885 | 6,700 | -42.0% |
| Income Tax Expense (Benefit) | 666 | 1,000 | -33.4% |
| Net Income | 3,219 | 5,700 | -43.5% |
Show Equity Components breakouts |
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| Retained Earnings | 3,219 | 5,700 | -43.5% |
| EPS (Basic) | 2.17 | 3.76 | -42.3% |
| EPS (Diluted) | 2.16 | 3.73 | -42.1% |
| Wtd Avg Shares (Basic) | 1,484.9 | 1,517.6 | -2.2% |
| Wtd Avg Shares (Diluted) | 1,487.6 | 1,529.7 | -2.8% |
| Interest Income | 404 | 430 | -6.0% |
| Comprehensive Income | 2,908 | 5,522 | -47.3% |
| Other Comprehensive Income | -311 | -178 | -74.7% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -454 | -184 | -146.7% |
| Accumulated Other Comprehensive Income | -311 | -178 | -74.7% |
| Accumulated Translation Adjustment | 142 | -3 | +4833.3% |
| OTHER | 1 | 9 | -88.9% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 7,464 | 9,860 | -24.3% |
| Debt Securities Available For Sale Excluding Accrued Interest Current | 1,687 | 1,722 | -2.0% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level1 · US Treasury Securities | 1,046 | 1,020 | +2.5% |
| Fair Value Inputs Level2 · Bank Time Deposits | 2 | 93 | -97.8% |
| Fair Value Inputs Level2 · Commercial paper and bonds | 630 | 574 | +9.8% |
| Fair Value Inputs Level2 · Fair Value Measurements Recurring | 641 | 702 | -8.7% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 9 | 35 | -74.3% |
Show Fair Value By Measurement Frequency breakouts |
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| Fair Value Measurements Recurring | 1,687 | 1,722 | -2.0% |
| Accounts Receivable | 4,717 | 4,427 | +6.6% |
| Inventory Finished Goods Net Of Reserves | 7,489 | 7,519 | -0.4% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 272 | 296 | -8.1% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 905 | 810 | +11.7% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 2,042 | 2,028 | +0.7% |
| NIKE Brand · GREATER CHINA | 951 | 1,070 | -11.1% |
| NIKE Brand · Material Reconciling Items | 148 | 166 | -10.8% |
| NIKE Brand · NORTH AMERICA | 3,198 | 3,134 | +2.0% |
| NIKE Brand · Operating Segments | 7,244 | 7,208 | +0.5% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -27 | 15 | -280.0% |
| Prepaid Expenses & Other Current Assets | 2,005 | 1,854 | +8.1% |
| Total Current Assets | 23,362 | 25,382 | -8.0% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 4,828 | 5,000 | -3.4% |
| Operating Lease Right-of-Use Assets | 2,712 | 2,718 | -0.2% |
| Goodwill | 240 | 240 | 0.0% |
| Deferred Income Taxes And Other Assets Noncurrent | 5,178 | 4,511 | +14.8% |
| Total Assets | 36,579 | 38,110 | -4.0% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 259 | 259 | 0.0% |
| Current Liabilities | |||
| Short Term Borrowings | 5 | 6 | -16.7% |
| Accounts Payable | 3,479 | 2,851 | +22.0% |
| Operating Lease Liability Current | 502 | 477 | +5.2% |
| Accrued Liabilities | 5,911 | 5,725 | +3.2% |
| Accrued Income Taxes Current | 669 | 534 | +25.3% |
| Total Current Liabilities | 10,566 | 10,593 | -0.3% |
| Non-Current Liabilities | |||
| Long-Term Debt | 7,961 | 7,903 | +0.7% |
| Operating Lease Liabilities | 2,550 | 2,566 | -0.6% |
| Deferred Income Taxes And Other Liabilities Noncurrent | 2,289 | 2,618 | -12.6% |
| Long-Term Debt | 7,961 | 8,903 | -10.6% |
Show Debt Instrument breakouts |
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| 2.38% Corporate bond, payable November 1, 2026 · Corporate Debt Securities | 999 | 998 | +0.1% |
| 2.75% Corporate bond, payable March 27, 2027 · Corporate Debt Securities | 999 | 998 | +0.1% |
| 2.85% Corporate bond, payable March 27, 2030 · Corporate Debt Securities | 1,495 | 1,494 | +0.1% |
| 3.25% Corporate bond, payable March 27, 2040 · Corporate Debt Securities | 993 | 966 | +2.8% |
| 3.38% Corporate bond, payable March 27, 2050 · Corporate Debt Securities | 1,483 | 1,482 | +0.1% |
| 3.38% Corporate bond, payable November 1, 2046 · Corporate Debt Securities | 493 | 492 | +0.2% |
| 3.63% Corporate bond, payable May 1, 2043 · Corporate Debt Securities | 502 | 488 | +2.9% |
| 3.88% Corporate bond, payable November 1, 2045 · Corporate Debt Securities | 997 | 986 | +1.1% |
| Stockholders' Equity | |||
| Common Stock (Q) | — | — | — |
Show Statement Class Of Stock breakouts |
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| Common Class B | 3 | 3 | 0.0% |
| Additional Paid In Capital Common Stock | 14,195 | 13,409 | +5.9% |
| Accumulated Other Comprehensive Income | -258 | 53 | -586.8% |
| Retained Earnings | -727 | 965 | -175.3% |
| Total Stockholders' Equity | 13,213 | 14,430 | -8.4% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -207 | 247 | -183.8% |
| Accumulated Other Comprehensive Income | -258 | 53 | -586.8% |
| Accumulated Translation Adjustment | -114 | -256 | +55.5% |
| Additional Paid In Capital | 14,195 | 13,409 | +5.9% |
| Common Stock · Common Class B | 3 | 3 | 0.0% |
| NET INVESTMENT HEDGES | 115 | 115 | 0.0% |
| OTHER | -52 | -53 | +1.9% |
| Retained Earnings | -727 | 965 | -175.3% |
| Total Liabilities & Equity | 36,579 | 38,110 | -4.0% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 775 | 796 | -2.6% |
Show Business Segments breakouts |
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| CONVERSE · Operating Segments | 14 | 17 | -17.6% |
| NIKE Brand · ASIA PACIFIC & LATIN AMERICA | 50 | 51 | -2.0% |
| NIKE Brand · EUROPE, MIDDLE EAST & AFRICA | 143 | 146 | -2.1% |
| NIKE Brand · GREATER CHINA | 49 | 56 | -12.5% |
| NIKE Brand · NORTH AMERICA | 157 | 152 | +3.3% |
| NIKE Brand · Operating Segments | 636 | 641 | -0.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 125 | 138 | -9.4% |
| Material Reconciling Items | 237 | — | — |
| Deferred Income Taxes | -288 | -497 | +42.1% |
| Stock-Based Compensation | 709 | 804 | -11.8% |
| Asset Impairment Charges | 33 | 48 | -31.2% |
| Foreign Currency Transaction Gain Loss Unrealized | 37 | -138 | +126.8% |
| Change in Accounts Receivable | -257 | -329 | +21.9% |
| Change in Inventory | 120 | 908 | -86.8% |
| Change in Prepaid & Other Assets | -224 | -260 | +13.8% |
| Increase Decrease In Accounts Payable And Other Operating Liabilities | -426 | 397 | -207.3% |
| Net Cash from Operations | 3,698 | 7,429 | -50.2% |
| Investing Activities | |||
| Purchases of Investments | -3,234 | -4,767 | +32.2% |
| Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities | 319 | 2,269 | -85.9% |
| Proceeds From Sale Of Available For Sale Securities Debt | 3,062 | 4,219 | -27.4% |
| Capital Expenditures | -430 | -812 | +47.0% |
| Other Investing Activities | 8 | -15 | +153.3% |
| Net Cash from Investing | -275 | 894 | -130.8% |
| Financing Activities | |||
| Proceeds From Repayments Of Notes Payable | -1 | — | — |
| Debt Repayments | -1,000 | — | — |
| Proceeds From Issuance Or Sale Of Equity | 551 | 667 | -17.4% |
| Share Repurchases | -2,985 | -4,250 | +29.8% |
| Payments Of Dividends Common Stock | -2,300 | -2,169 | -6.0% |
| Proceeds From Payments For Other Financing Activities | -85 | -136 | +37.5% |
| Net Cash from Financing | -5,820 | -5,888 | +1.2% |
| Supplemental | |||
| Interest Paid | 389 | 381 | +2.1% |
| Income Taxes Paid | 1,226 | 1,299 | -5.6% |
| Unpaid Capital Expenditures | 184 | 160 | +15.0% |
| Dividends Payable Current And Noncurrent | 593 | 558 | +6.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1 | -16 | +106.2% |
| Net Change in Cash | -2,396 | 2,419 | -199.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 7,464 | 9,860 | -24.3% |
Values in millions USD. Source: SEC EDGAR 10-K filing.