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Nike NKE CONVERSE — Operating overhead expense

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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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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

Reported directly by Nike in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

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 CONVERSE — operating overhead expense?
Nike (NKE) reported CONVERSE — operating overhead expense of $120M in Q4 2025.
How has Nike's CONVERSE — operating overhead expense changed year-over-year?
Nike's CONVERSE — operating overhead expense increased by 11.1% year-over-year, from $108M to $120M.
What is the long-term trend for Nike's CONVERSE — operating overhead expense?
Over 2 years (2023 to 2025), Nike's CONVERSE — operating overhead expense has grown at a -7.2% compound annual growth rate (CAGR), from $499M to $430M.
What does CONVERSE — operating overhead expense mean?
Includes the fixed and variable costs required to operate the Converse business, excluding direct production costs and marketing. This covers administrative salaries, rent, and general office expenses.