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Nike NKE Q3 2025 earnings

Reported March 20, 2025 · After market close

Revenue estimate$11.0B
EPS estimate$0.30

Next report

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

Financials

Q3 2025

Income statement

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Revenue$11.3B-9.3%
Gross profit$4.7B-15.9%
Net income$794.0M-32.3%
EPS (diluted)$0.54-29.9%

Balance sheet

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Cash & equivalents$8.6B-4.0%
Total debt$10.9B-9.8%
Total equity$14.0B-1.5%
Total assets$37.8B+1.2%

Cash flow

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Operating cash flow$1.8B-13.0%
CapEx$81.0M-42.6%
Free cash flow$1.7B-10.8%

Valuation & ratios

Valuation

as of 02/28/25
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Market cap$117.49B-25.4%
Enterprise value$119.8B-25.4%
P/E26.1×-4.0×
P/S2.5×-0.6×

Profitability

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Gross margin43.8%-0.5pp
Net margin9.4%-0.7pp
FCF margin11.1%-0.9pp

Returns & leverage

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Return on equity31.9%-4.4pp
Debt / equity0.8×-0.1×
Current ratio2.2×-0.5×

Segments

By product

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Footwear$7.6B-12.0%
Apparel$3.2B-3.0%
Sporting Equipment$484.0M-2.4%

By segment

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NIKE Brand$10.9B-8.9%
Converse$405.0M-18.2%

Versus estimates

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Questions, answered.

When did Nike report Q3 2025 earnings?
Nike (NKE) reported Q3 2025 earnings on March 20, 2025 after market close.
What were Nike's Q3 2025 revenue and EPS?
Nike reported revenue of $11.3B and diluted EPS of $0.54 for Q3 2025.
Did Nike beat estimates in Q3 2025?
Revenue beat the consensus estimate of $11.0B by $250.5M. EPS beat the consensus estimate of $0.30 by $0.24.
Where can I find Nike's Q3 2025 SEC filings?
You can read the 10-Q periodic report (0000320187-25-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.