What is Nike's operating cash flow?

Nike (NKE) reported operating cash flow of $430M in Q4 2025.

How has Nike's operating cash flow changed year-over-year?

Nike's operating cash flow decreased by 76.0% year-over-year, from $1.79B to $430M.

What is the long-term trend for Nike's operating cash flow?

Over 4 years (2021 to 2025), Nike's operating cash flow has grown at a -13.7% compound annual growth rate (CAGR), from $6.66B to $3.7B.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

Nike NKE Operating Cash Flow

Operating Cash Flow at other companies

V.F. CorporationVFC

$33.31M—

Wolverine World WideWWW

-$83.2M+0.7%

Deckers Outdoor CorporationDECK

$95.84M—

Columbia Sportswear CompanyCOLM

-$77.54M-142%

CrocsCROX

-$80.93M-20.4%

Under Armour, Inc.UA

——

Other financials

Income statement

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Revenue$11.3B+0.1%

Gross profit$4.5B-3.1%

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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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

Reported directly by Nike in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

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 operating cash flow?: Nike (NKE) reported operating cash flow of $430M in Q4 2025.
How has Nike's operating cash flow changed year-over-year?: Nike's operating cash flow decreased by 76.0% year-over-year, from $1.79B to $430M.
What is the long-term trend for Nike's operating cash flow?: Over 4 years (2021 to 2025), Nike's operating cash flow has grown at a -13.7% compound annual growth rate (CAGR), from $6.66B to $3.7B.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.