Nike annual gross margin
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2026
Nike Gross Margin Growth & History (NKE)
Nike's gross margin was 42.91% for fiscal 2026.
View full Nike company overviewNike annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-05-31 | 42.91% | +0.18 pp |
| 2025 | 2025-05-31 | 42.73% | −1.83 pp |
| 2024 | 2024-05-31 | 44.56% | +1.04 pp |
| 2023 | 2023-05-31 | 43.52% | −2.46 pp |
| 2022 | 2022-05-31 | 45.98% | +1.16 pp |
| 2021 | 2021-05-31 | 44.82% | +1.40 pp |
| 2020 | 2020-05-31 | 43.42% | −1.25 pp |
| 2019 | 2019-05-31 | 44.67% | +0.83 pp |
| 2018 | 2018-05-31 | 43.84% | −0.74 pp |
| 2017 | 2017-05-31 | 44.58% | −1.66 pp |
| 2016 | 2016-05-31 | 46.24% | +0.27 pp |
| 2015 | 2015-05-31 | 45.97% | +1.20 pp |
| 2014 | 2014-05-31 | 44.77% | +1.18 pp |
| 2013 | 2013-05-31 | 43.59% | +0.09 pp |
| 2012 | 2012-05-31 | 43.50% | −2.25 pp |
| 2011 | 2011-05-31 | 45.74% | −0.54 pp |
| 2010 | 2010-05-31 | 46.28% | +1.41 pp |
| 2009 | 2009-05-31 | 44.87% | −0.16 pp |
| 2008 | 2008-05-31 | 45.03% | — |
Nike quarterly gross margin
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Q4.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q4 2026 | 2026-05-31 | 49.15% | +8.88 pp |
| Q3 2026 | 2026-02-28 | 40.16% | −1.32 pp |
| Q2 2026 | 2025-11-30 | 40.60% | −3.02 pp |
| Q1 2026 | 2025-08-31 | 42.18% | −3.19 pp |
| Q4 2025 | 2025-05-31 | 40.27% | −4.42 pp |
| Q3 2025 | 2025-02-28 | 41.49% | −3.26 pp |
| Q2 2025 | 2024-11-30 | 43.62% | −0.98 pp |
| Q1 2025 | 2024-08-31 | 45.36% | +1.15 pp |
| Q4 2024 | 2024-05-31 | 44.69% | +1.07 pp |
| Q3 2024 | 2024-02-29 | 44.75% | +1.40 pp |
| Q2 2024 | 2023-11-30 | 44.60% | +1.71 pp |
| Q1 2024 | 2023-08-31 | 44.21% | −0.05 pp |
| Q4 2023 | 2023-05-31 | 43.63% | −1.36 pp |
| Q3 2023 | 2023-02-28 | 43.35% | −3.26 pp |
| Q2 2023 | 2022-11-30 | 42.89% | −3.01 pp |
| Q1 2023 | 2022-08-31 | 44.26% | −2.25 pp |
| Q4 2022 | 2022-05-31 | 44.98% | −0.83 pp |
| Q3 2022 | 2022-02-28 | 46.61% | +1.05 pp |
| Q2 2022 | 2021-11-30 | 45.90% | +2.79 pp |
| Q1 2022 | 2021-08-31 | 46.51% | +1.75 pp |
| Q4 2021 | 2021-05-31 | 45.81% | +8.54 pp |
| Q3 2021 | 2021-02-28 | 45.56% | +1.29 pp |
| Q2 2021 | 2020-11-30 | 43.11% | −0.89 pp |
| Q1 2021 | 2020-08-31 | 44.75% | −0.94 pp |
| Q4 2020 | 2020-05-31 | 37.27% | −8.22 pp |
| Q3 2020 | 2020-02-29 | 44.27% | −0.88 pp |
| Q2 2020 | 2019-11-30 | 44.01% | +0.21 pp |
| Q1 2020 | 2019-08-31 | 45.69% | +1.49 pp |
| Q4 2019 | 2019-05-31 | 45.49% | +0.77 pp |
| Q3 2019 | 2019-02-28 | 45.15% | +1.31 pp |
| Q2 2019 | 2018-11-30 | 43.79% | +0.79 pp |
| Q1 2019 | 2018-08-31 | 44.20% | +0.52 pp |
| Q4 2018 | 2018-05-31 | 44.72% | +0.66 pp |
| Q3 2018 | 2018-02-28 | 43.83% | −0.64 pp |
| Q2 2018 | 2017-11-30 | 43.00% | −1.21 pp |
| Q1 2018 | 2017-08-31 | 43.68% | −1.82 pp |
| Q4 2017 | 2017-05-31 | 44.06% | −1.87 pp |
| Q3 2017 | 2017-02-28 | 44.47% | −1.46 pp |
| Q2 2017 | 2016-11-30 | 44.21% | −1.34 pp |
| Q1 2017 | 2016-08-31 | 45.50% | −1.98 pp |
| Q4 2016 | 2016-05-31 | 45.92% | −0.26 pp |
| Q3 2016 | 2016-02-29 | 45.93% | +0.00 pp |
| Q2 2016 | 2015-11-30 | 45.55% | +0.47 pp |
| Q1 2016 | 2015-08-31 | 47.48% | +0.86 pp |
| Q4 2015 | 2015-05-31 | 46.19% | +0.60 pp |
| Q3 2015 | 2015-02-28 | 45.92% | +1.42 pp |
| Q2 2015 | 2014-11-30 | 45.08% | +1.14 pp |
| Q1 2015 | 2014-08-31 | 46.62% | +1.69 pp |
| Q4 2014 | 2014-05-31 | 45.59% | +1.69 pp |
| Q3 2014 | 2014-02-28 | 44.51% | +0.28 pp |
| Q2 2014 | 2013-11-30 | 43.94% | +1.46 pp |
| Q1 2014 | 2013-08-31 | 44.93% | +1.25 pp |
| Q4 2013 | 2013-05-31 | 43.90% | +1.01 pp |
| Q3 2013 | 2013-02-28 | 44.22% | +0.29 pp |
| Q2 2013 | 2012-11-30 | 42.49% | −0.36 pp |
| Q1 2013 | 2012-08-31 | 43.68% | −0.60 pp |
| Q4 2012 | 2012-05-31 | 42.89% | −1.88 pp |
| Q3 2012 | 2012-02-29 | 43.94% | −1.88 pp |
| Q2 2012 | 2011-11-30 | 42.84% | −2.45 pp |
| Q1 2012 | 2011-08-31 | 44.29% | −2.75 pp |
| Q4 2011 | 2011-05-31 | 44.77% | −2.62 pp |
| Q3 2011 | 2011-02-28 | 45.82% | −1.05 pp |
| Q2 2011 | 2010-11-30 | 45.29% | +0.80 pp |
| Q1 2011 | 2010-08-31 | 47.03% | +0.86 pp |
| Q4 2010 | 2010-05-31 | 47.39% | +4.03 pp |
| Q3 2010 | 2010-02-28 | 46.86% | +2.99 pp |
| Q2 2010 | 2009-11-30 | 44.49% | −0.17 pp |
| Q1 2010 | 2009-08-31 | 46.18% | −0.99 pp |
| Q4 2009 | 2009-05-31 | 43.36% | — |
| Q3 2009 | 2009-02-28 | 43.88% | — |
| Q2 2009 | 2008-11-30 | 44.66% | — |
| Q1 2009 | 2008-08-31 | 47.17% | — |
Nike gross margin trends
Over the last five reported fiscal years, Nike's gross margin decreased from 44.82% to 42.91%, a change of −1.91 percentage points. The latest reported quarter, Q4 2026, shows 49.15%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Nike filings at SEC.gov ↗