Business Segments · Cost of Sales
NIKE Brand — Cost of Sales
Nike NIKE Brand — Cost of Sales decreased by 8.3% to $6.61B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.4%, from $6.39B to $6.61B. Over 2 years (FY 2023 to FY 2025), NIKE Brand — Cost of Sales shows relatively stable performance with a -2.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ2 2022
Last reportedQ4 2025
Rolls up toTotal Cost of Revenue
How to read this metric
An increase relative to revenue suggests rising input costs or supply chain inefficiencies, while a decrease may indicate improved manufacturing cost control.
Detailed definition
This includes the direct costs attributable to the production of the core brand's goods, including materials, labor, and...
Peer comparison
Standard cost of goods sold (COGS) metric found in all manufacturing and retail segments.
Metric ID:
nke_segment_total_nike_brand_cost_of_salesHistorical Data
15 periods
| 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 | $6.81B | $6.81B | $6.81B | $6.81B | $6.87B | $6.87B | $6.87B | $6.87B | $6.11B | $6.77B | $6.39B | $6.45B | $6.60B | $7.21B | $6.61B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +0.9% | +0.0% | +0.0% | +0.0% | -11.1% | +10.7% | -5.5% | +0.9% | +2.4% | +9.3% | -8.3% |
| YoY Change | — | — | — | — | +0.9% | +0.9% | +0.9% | +0.9% | -11.1% | -1.6% | -7.0% | -6.2% | +8.0% | +6.6% | +3.4% |
Range$6.11B – $7.21B
CAGR-0.9%
Avg YoY Growth-0.4%
Median YoY Growth+0.9%
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Frequently Asked Questions
- What is Nike's nike brand — cost of sales?
- Nike (NKE) reported nike brand — cost of sales of $6.61B in Q4 2025.
- How has Nike's nike brand — cost of sales changed year-over-year?
- Nike's nike brand — cost of sales increased by 3.4% year-over-year, from $6.39B to $6.61B.
- What is the long-term trend for Nike's nike brand — cost of sales?
- Over 2 years (2023 to 2025), Nike's nike brand — cost of sales has grown at a -2.8% compound annual growth rate (CAGR), from $27.24B to $25.72B.
- What does nike brand — cost of sales mean?
- The direct costs incurred to manufacture or acquire the products sold under the core brand.