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Nike NKE Q2 2025 earnings

Reported December 19, 2024 · After market close

Revenue estimate$12.1B
EPS estimate$0.65

Next report

Sep 29, 2026 (in 3 months)
Revenue estimate$11.4B
EPS estimate$0.44

Financials

Q2 2025

Income statement

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Revenue$12.4B-7.7%
Gross profit$5.4B-9.7%
Net income$1.2B-26.3%
EPS (diluted)$0.78-24.3%

Balance sheet

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Cash & equivalents$8.0B+0.8%
Total debt$11.1B-9.1%
Total equity$14.0B-0.8%
Total assets$38.0B+2.0%

Cash flow

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Operating cash flow$1.0B-62.8%
CapEx$129.0M-37.1%
Free cash flow$920.0M-64.8%

Valuation & ratios

Valuation

as of 11/30/24
See full
Market cap$117.97B-29.7%
Enterprise value$121.06B-29.7%
P/E24.1×-7.5×
P/S2.4×-0.8×

Profitability

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Gross margin44.6%+0.6pp
Net margin10%-0.3pp
FCF margin11.3%-1.0pp

Returns & leverage

See full
Return on equity34.7%-1.4pp
Debt / equity0.8×-0.1×
Current ratio2.2×-0.5×

Segments

By product

See full
Footwear$8.0B-11.4%
Apparel$3.8B-1.1%
Sporting Equipment$550.0M+13.2%

By segment

See full
NIKE Brand$12.0B-7.2%
Converse$429.0M-17.3%

Versus estimates

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Questions, answered.

When did Nike report Q2 2025 earnings?
Nike (NKE) reported Q2 2025 earnings on December 19, 2024 after market close.
What were Nike's Q2 2025 revenue and EPS?
Nike reported revenue of $12.4B and diluted EPS of $0.78 for Q2 2025.
Did Nike beat estimates in Q2 2025?
Revenue beat the consensus estimate of $12.1B by $224.1M. EPS beat the consensus estimate of $0.65 by $0.13.
Where can I find Nike's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000320187-25-000004) directly on SEC EDGAR. The filing index links above go to sec.gov.