Investing
CapEx
Nike CapEx decreased by 24.4% to $146.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 80.2%, from $81.00M to $146.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows a downward trend with a -11.3% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q1 '21 | 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 | $174.00M | $184.00M | $178.00M | $154.00M | $242.00M | $264.00M | $236.00M | $200.00M | $269.00M | $253.00M | $205.00M | $141.00M | $213.00M | $120.00M | $129.00M | $81.00M | $100.00M | $207.00M | $193.00M | $146.00M |
| QoQ Change | — | +5.7% | -3.3% | -13.5% | +57.1% | +9.1% | -10.6% | -15.3% | +34.5% | -5.9% | -19.0% | -31.2% | +51.1% | -43.7% | +7.5% | -37.2% | +23.5% | +107.0% | -6.8% | -24.4% |
| YoY Change | — | — | — | — | +39.1% | +43.5% | +32.6% | +29.9% | +11.2% | -4.2% | -13.1% | -29.5% | -20.8% | -52.6% | -37.1% | -42.6% | -53.1% | +72.5% | +49.6% | +80.2% |
Range$81.00M – $269.00M
CAGR-3.6%
Avg YoY Growth+6.6%
Median YoY Growth+3.5%
Current Streak2 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Nike's capex?
- Nike (NKE) reported capex of $146.00M in Q4 2025.
- How has Nike's capex changed year-over-year?
- Nike's capex increased by 80.2% year-over-year, from $81.00M to $146.00M.
- What is the long-term trend for Nike's capex?
- Over 4 years (2021 to 2025), Nike's capex has grown at a -11.3% compound annual growth rate (CAGR), from $695.00M to $430.00M.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.