What is Nike's gross profit?

Nike (NKE) reported gross profit of $4.53B in Q4 2025.

How has Nike's gross profit changed year-over-year?

Nike's gross profit decreased by 3.1% year-over-year, from $4.68B to $4.53B.

What is the long-term trend for Nike's gross profit?

Over 4 years (2021 to 2025), Nike's gross profit has grown at a -0.2% compound annual growth rate (CAGR), from $19.96B to $19.79B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Nike NKE Gross Profit

Gross Profit at other companies

V.F. CorporationVFC

$1.22B+7.0%

Wolverine World WideWWW

$217.8M+11.1%

Deckers Outdoor CorporationDECK

$644.64M+11.2%

Columbia Sportswear CompanyCOLM

$394.96M-0.3%

CrocsCROX

$522.95M-3.4%

Under Armour, Inc.UA

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Other financials

Income statement

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Revenue$11.3B+0.1%

Net income$520.0M-34.5%

EPS (diluted)$0.35-35.2%

Balance sheet

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Cash & equivalents$1.7B-80.3%

Total debt$10.2B-6.7%

Total equity$14.1B+0.6%

Total assets$37.1B-1.9%

Cash flow

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Operating cash flow$430.0M-76.0%

CapEx$146.0M+80.2%

Free cash flow$284.0M-83.4%

Valuation

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Market cap$60.57B-31.4%

Enterprise value$69.05B-29.6%

P/E26.9×-0.5×

P/S1.3×-0.6×

Profitability

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Gross margin40.8%-3.0pp

Net margin4.8%-4.6pp

FCF margin2.3%-8.9pp

Returns & leverage

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Return on equity16%-15.9pp

Debt / equity0.7×-0.1×

Current ratio2.1×-0.1×

Where this comes from

Calculated from Nike’s reported figures.

$11.3Btotal revenue−$6.7Btotal cost of revenue=$4.53B

The official record: Nike’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nike's gross profit?: Nike (NKE) reported gross profit of $4.53B in Q4 2025.
How has Nike's gross profit changed year-over-year?: Nike's gross profit decreased by 3.1% year-over-year, from $4.68B to $4.53B.
What is the long-term trend for Nike's gross profit?: Over 4 years (2021 to 2025), Nike's gross profit has grown at a -0.2% compound annual growth rate (CAGR), from $19.96B to $19.79B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.