SuperworthNIKE profit margin NKE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 6.7%
- Operating margin, 12 months
- 8.2%
- Net margin on a year earlier
- +0.5 pts
- Peer median
- 11.6%
Over the twelve months to Aug 31, 2026, NIKE kept 6.7% of its revenue as net profit, with an operating margin of 8.2% and a gross margin of 43.1%.
Five years earlier its net margin was 13.2%.
The median for 10 consumer cyclical stocks of a similar size is 11.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 6.7% | 8.2% | 42.9% |
| FY2025 | 7.0% | 8.0% | 42.7% |
| FY2024 | 11.1% | 12.3% | 44.6% |
| FY2023 | 9.9% | 11.5% | 43.5% |
| FY2022 | 12.9% | 14.3% | 46.0% |
| FY2021 | 12.9% | 15.6% | 44.8% |
| FY2020 | 6.8% | 8.3% | 43.4% |
| FY2019 | 10.3% | 12.2% | 44.7% |
| FY2018 | 5.3% | 12.2% | 43.8% |
| FY2017 | 12.3% | 13.8% | 44.6% |
| FY2016 | 11.6% | 13.9% | 46.2% |
| FY2015 | 10.7% | 13.6% | 46.0% |
| FY2014 | 9.7% | 13.2% | 44.8% |
| FY2013 | 9.8% | 12.8% | 43.6% |
| FY2012 | 9.4% | 12.9% | 43.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q1 FY27 | 6.7% | +0.5 pts | 8.2% | |
| Q4 FY26 | 6.7% | −0.3 pts | 8.2% | |
| Q3 FY26 | 4.8% | −4.6 pts | 6.0% | |
| Q2 FY26 | 5.4% | −4.5 pts | 6.5% | |
| Q1 FY26 | 6.2% | −4.4 pts | 7.4% | |
| Q4 FY25 | 7.0% | −4.1 pts | 8.0% | |
| Q3 FY25 | 9.4% | −0.7 pts | 10.3% | |
| Q2 FY25 | 10.0% | −0.3 pts | 11.2% | |
| Q1 FY25 | 10.6% | +0.8 pts | 11.8% | |
| Q4 FY24 | 11.1% | +1.2 pts | 12.3% | |
| Q3 FY24 | 10.1% | −0.7 pts | 11.6% | |
| Q2 FY24 | 10.3% | −1.2 pts | 11.8% |
Against its peers
Companies in Consumer Cyclical nearest NIKE's size, closest first, today.
| Company | Profit margin |
|---|---|
| NKENIKE | 6.7% |
| EBAYeBay | 18.5% |
| AZOAutoZone | 12.4% |
| CVNACarvana | 6.3% |
| FFord Motor | −3.9% |
| GMGeneral Motors | 1.1% |
| ORLYO'Reilly Automotive | 14.3% |
| ROSTRoss Stores | 10.8% |
| RCLRoyal Caribbean Cruises | 23.5% |
| DHID.R. Horton | 9.2% |
| YUMYum! Brands | 25.4% |
| Peer median | 11.6% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on NIKE
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.