Nike annual free cash flow
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Nike Free Cash Flow (FCF) History (NKE)
Nike reported $2.18B in free cash flow for fiscal 2026, a decrease of 33.17% from the previous fiscal year, with a free cash flow margin of 4.71%.
View full Nike company overviewNike free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-05-31 | $2.18B | −$1.08B | −33.17% | +4.71% |
| 2025 | 2025-05-31 | $3.27B | −$3.35B | −50.61% | +7.06% |
| 2024 | 2024-05-31 | $6.62B | $1.75B | +35.82% | +12.88% |
| 2023 | 2023-05-31 | $4.87B | $442.0M | +9.98% | +9.51% |
| 2022 | 2022-05-31 | $4.43B | −$1.53B | −25.70% | +9.48% |
| 2021 | 2021-05-31 | $5.96B | $4.56B | +326.16% | +13.39% |
| 2020 | 2020-05-31 | $1.40B | −$3.38B | −70.76% | +3.74% |
| 2019 | 2019-05-31 | $4.78B | $857.0M | +21.82% | +12.23% |
| 2018 | 2018-05-31 | $3.93B | $1.19B | +43.27% | +10.79% |
| 2017 | 2017-05-31 | $2.74B | $485.0M | +21.50% | +7.98% |
| 2016 | 2016-05-31 | $2.26B | −$1.46B | −39.31% | +6.97% |
| 2015 | 2015-05-31 | $3.72B | $1.58B | +74.26% | +12.15% |
| 2014 | 2014-05-31 | $2.13B | −$301.0M | −12.37% | +7.67% |
| 2013 | 2013-05-31 | $2.43B | $1.17B | +93.02% | +9.62% |
| 2012 | 2012-05-31 | $1.26B | −$119.0M | −8.62% | +5.40% |
| 2011 | 2011-05-31 | $1.38B | −$1.45B | −51.22% | +6.86% |
| 2010 | 2010-05-31 | $2.83B | $1.55B | +121.02% | +14.88% |
| 2009 | 2009-05-31 | $1.28B | −$207.1M | −13.93% | +6.68% |
| 2008 | 2008-05-31 | $1.49B | — | — | +7.98% |
Nike quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q4 2026 | 2026-05-31 | $1.50B | $1.14B | +312.95% | +13.66% |
| Q3 2026 | 2026-02-28 | $284.0M | −$1.43B | −83.40% | +2.52% |
| Q2 2026 | 2025-11-30 | $386.0M | −$534.0M | −58.04% | +3.11% |
| Q1 2026 | 2025-08-31 | $15.0M | −$259.0M | −94.53% | +0.13% |
| Q4 2025 | 2025-05-31 | $363.0M | −$2.04B | −84.91% | +3.27% |
| Q3 2025 | 2025-02-28 | $1.71B | −$207.0M | −10.79% | +15.18% |
| Q2 2025 | 2024-11-30 | $920.0M | −$1.69B | −64.78% | +7.45% |
| Q1 2025 | 2024-08-31 | $274.0M | $593.0M | — | +2.36% |
| Q4 2024 | 2024-05-31 | $2.41B | $422.0M | +21.27% | +19.09% |
| Q3 2024 | 2024-02-29 | $1.92B | −$112.0M | −5.52% | +15.43% |
| Q2 2024 | 2023-11-30 | $2.61B | $1.85B | +241.44% | +19.51% |
| Q1 2024 | 2023-08-31 | −$319.0M | −$412.0M | — | −2.47% |
| Q4 2023 | 2023-05-31 | $1.98B | $1.07B | +118.26% | +15.47% |
| Q3 2023 | 2023-02-28 | $2.03B | $2.02B | +13433.33% | +16.38% |
| Q2 2023 | 2022-11-30 | $765.0M | −$1.81B | −70.34% | +5.75% |
| Q1 2023 | 2022-08-31 | $93.0M | −$834.0M | −89.97% | +0.73% |
| Q4 2022 | 2022-05-31 | $909.0M | −$929.0M | −50.54% | +7.43% |
| Q3 2022 | 2022-02-28 | $15.0M | −$1.10B | −98.65% | +0.14% |
| Q2 2022 | 2021-11-30 | $2.58B | $274.0M | +11.89% | +22.71% |
| Q1 2022 | 2021-08-31 | $927.0M | $221.0M | +31.30% | +7.57% |
| Q4 2021 | 2021-05-31 | $1.84B | $2.13B | — | +14.89% |
| Q3 2021 | 2021-02-28 | $1.11B | $208.0M | +22.98% | +10.75% |
| Q2 2021 | 2020-11-30 | $2.31B | $1.63B | +241.99% | +20.50% |
| Q1 2021 | 2020-08-31 | $706.0M | $596.0M | +541.82% | +6.66% |
| Q4 2020 | 2020-05-31 | −$290.0M | −$2.03B | — | −4.59% |
| Q3 2020 | 2020-02-29 | $905.0M | $53.0M | +6.22% | +8.96% |
| Q2 2020 | 2019-11-30 | $674.0M | −$563.0M | −45.51% | +6.53% |
| Q1 2020 | 2019-08-31 | $110.0M | −$848.0M | −88.52% | +1.03% |
| Q4 2019 | 2019-05-31 | $1.74B | −$233.0M | −11.83% | +17.06% |
| Q3 2019 | 2019-02-28 | $852.0M | $295.0M | +52.96% | +8.86% |
| Q2 2019 | 2018-11-30 | $1.24B | $142.0M | +12.97% | +13.20% |
| Q1 2019 | 2018-08-31 | $958.0M | $653.0M | +214.10% | +9.63% |
| Q4 2018 | 2018-05-31 | $1.97B | $1.34B | +211.22% | +20.12% |
| Q3 2018 | 2018-02-28 | $557.0M | −$293.0M | −34.47% | +6.20% |
| Q2 2018 | 2017-11-30 | $1.09B | $348.0M | +46.59% | +12.80% |
| Q1 2018 | 2017-08-31 | $305.0M | −$206.0M | −40.31% | +3.36% |
| Q4 2017 | 2017-05-31 | $633.0M | −$612.0M | −49.16% | +7.30% |
| Q3 2017 | 2017-02-28 | $850.0M | $260.0M | +44.07% | +10.08% |
| Q2 2017 | 2016-11-30 | $747.0M | $490.0M | +190.66% | +9.13% |
| Q1 2017 | 2016-08-31 | $511.0M | $347.0M | +211.59% | +5.64% |
| Q4 2016 | 2016-05-31 | $1.25B | $143.0M | +12.98% | +15.10% |
| Q3 2016 | 2016-02-29 | $590.0M | −$965.0M | −62.06% | +7.35% |
| Q2 2016 | 2015-11-30 | $257.0M | −$382.0M | −59.78% | +3.34% |
| Q1 2016 | 2015-08-31 | $164.0M | −$257.0M | −61.05% | +1.95% |
| Q4 2015 | 2015-05-31 | $1.10B | −$16.0M | −1.43% | +14.17% |
| Q3 2015 | 2015-02-28 | $1.55B | $1.04B | +201.36% | +20.84% |
| Q2 2015 | 2014-11-30 | $639.0M | $513.0M | +407.14% | +8.66% |
| Q1 2015 | 2014-08-31 | $421.0M | $48.0M | +12.87% | +5.27% |
| Q4 2014 | 2014-05-31 | $1.12B | −$49.0M | −4.20% | +15.06% |
| Q3 2014 | 2014-02-28 | $516.0M | $244.0M | +89.71% | +7.40% |
| Q2 2014 | 2013-11-30 | $126.0M | −$441.0M | −77.78% | +1.96% |
| Q1 2014 | 2013-08-31 | $373.0M | −$55.0M | −12.85% | +5.35% |
| Q4 2013 | 2013-05-31 | $1.17B | $452.0M | +63.22% | +17.43% |
| Q3 2013 | 2013-02-28 | $272.0M | $64.0M | +30.77% | +4.40% |
| Q2 2013 | 2012-11-30 | $567.0M | $202.0M | +55.34% | +9.52% |
| Q1 2013 | 2012-08-31 | $428.0M | $455.0M | — | +6.61% |
| Q4 2012 | 2012-05-31 | $715.0M | $2.0M | +0.28% | +11.82% |
| Q3 2012 | 2012-02-29 | $208.0M | −$3.0M | −1.42% | +3.68% |
| Q2 2012 | 2011-11-30 | $365.0M | $32.0M | +9.61% | +6.58% |
| Q1 2012 | 2011-08-31 | −$27.0M | −$150.0M | — | −0.44% |
| Q4 2011 | 2011-05-31 | $713.0M | −$467.0M | −39.58% | +14.20% |
| Q3 2011 | 2011-02-28 | $211.0M | −$234.0M | −52.58% | +4.15% |
| Q2 2011 | 2010-11-30 | $333.0M | −$242.0M | −42.09% | +6.88% |
| Q1 2011 | 2010-08-31 | $123.0M | −$506.0M | −80.45% | +2.38% |
| Q4 2010 | 2010-05-31 | $1.18B | $227.1M | +23.83% | +23.24% |
| Q3 2010 | 2010-02-28 | $445.0M | $531.3M | — | +9.40% |
| Q2 2010 | 2009-11-30 | $575.0M | $412.5M | +253.85% | +13.05% |
| Q1 2010 | 2009-08-31 | $629.0M | $378.1M | +150.70% | +13.11% |
| Q4 2009 | 2009-05-31 | $952.9M | — | — | +20.22% |
| Q3 2009 | 2009-02-28 | −$86.3M | — | — | −1.94% |
| Q2 2009 | 2008-11-30 | $162.5M | — | — | +3.54% |
| Q1 2009 | 2008-08-31 | $250.9M | — | — | +4.62% |
Nike free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $5.96B to $2.18B, a compound annual decline of 18.20%. Nike's latest reported quarter, Q4 2026, generated $1.50B in free cash flow, an increase of 312.95% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Nike filings at SEC.gov ↗