Total Cost of Revenue
Nike Total Cost of Revenue decreased by 8.6% to $6.75B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 2.4%, from $6.59B to $6.75B. Over 3 years (FY 2022 to FY 2025), Total Cost of Revenue shows relatively stable performance with a 1.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.
Detailed definition
The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...
Peer comparison
In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.
is_total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.55B | $6.14B | $5.80B | $6.73B | $7.07B | $7.60B | $7.02B | $7.23B | $7.22B | $7.42B | $6.87B | $6.97B | $6.33B | $6.97B | $6.59B | $6.63B | $6.78B | $7.38B | $6.75B |
| QoQ Change | — | -6.2% | -5.5% | +16.0% | +5.1% | +7.5% | -7.7% | +3.0% | -0.2% | +2.7% | -7.4% | +1.5% | -9.2% | +10.0% | -5.3% | +0.5% | +2.2% | +8.9% | -8.6% |
| YoY Change | — | — | — | — | +7.9% | +23.8% | +20.9% | +7.4% | +2.1% | -2.5% | -2.2% | -3.6% | -12.3% | -6.1% | -4.0% | -4.9% | +7.0% | +6.0% | +2.4% |
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Nike's total cost of revenue?
- Nike (NKE) reported total cost of revenue of $6.75B in Q4 2025.
- How has Nike's total cost of revenue changed year-over-year?
- Nike's total cost of revenue increased by 2.4% year-over-year, from $6.59B to $6.75B.
- What is the long-term trend for Nike's total cost of revenue?
- Over 3 years (2022 to 2025), Nike's total cost of revenue has grown at a 1.7% compound annual growth rate (CAGR), from $25.23B to $26.52B.
- What does total cost of revenue mean?
- The direct cost of making the products or providing the services that a company sells.