NIKE Inc (NKE.NE) Q2 2025 Earnings Report

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NIKE Inc

NKE.NE

$11.98 0.34%

Exchange: NEO | Sector: Consumer Cyclical | Industry: Apparel Footwear Accessories

Q2 2025

Published: Jan 3, 2025

Earnings Highlights

Revenue of $12.35B down 7.7% year-over-year
EPS of $0.78 decreased by 25% from previous year
Gross margin of 43.6%
Net income of 1.16B
"N/A" - Management

NKE.NE

Company NKE.NE

Period Q2 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

Nike, Inc. reported QQ2 2025 revenue of $12.354 billion, down 7.72% year over year, with gross profit of $5.389 billion and a gross margin of 43.62%. Despite the top-line decline, the company delivered an operating income of $1.384 billion and a net income of $1.163 billion, translating to an net margin of 9.41% and EPS of $0.78. QoQ performance showed meaningful improvement, with operating income up 14.47% and net income higher by 10.66%, underscoring operating discipline and a favorable mix in the quarter.

Key Performance Indicators

Revenue

Decreasing

12.35B

QoQ: 6.60% | YoY: -7.72%

Gross Profit

Decreasing

5.39B

43.62% margin

QoQ: 2.51% | YoY: -9.75%

Operating Income

Decreasing

1.38B

QoQ: 14.47% | YoY: -24.16%

Net Income

Decreasing

1.16B

QoQ: 10.66% | YoY: -26.30%

EPS

Decreasing

0.78

QoQ: 11.43% | YoY: -25.00%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue: $12.354B (YoY -7.72%, QoQ +6.60%). Gross Profit: $5.389B; Gross Margin: 43.62% (YoY -9.75%, QoQ +2.51%). Operating Income: $1.384B; Operating Margin: 11.20% (YoY -24.16%, QoQ +14.47%). Net Income: $1.163B; Net Margin: 9.41% (YoY -26.30%, QoQ +10.66%). EPS: $0.78; Diluted EPS: $0.78 (YoY -25.00%, QoQ +11.43%).

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	12.35B	-7.72%	6.60%
Gross Profit	5.39B	-9.75%	2.51%
Operating Income	1.38B	-24.16%	14.47%
Net Income	1.16B	-26.30%	10.66%
EPS	0.78	-25.00%	11.43%

Key Financial Ratios

Gross Profit Margin

Good

43.60%

Gross profit margin is healthy and competitive within industry standards

Net Profit Margin

Fair

9.41%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Fair

3.06%

Return on assets is acceptable but below top-tier companies

Return on Equity

Fair

8.29%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

2.22

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Elevated

0.86

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Fair Value

24.66x

P/E ratio in line with market averages

Price to Book

High Premium

8.17x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2026	11,720.00	0.49	-7.0%	View
Q3 2025	11,269.00	0.54	-9.3%	View
Q2 2025	12,354.00	0.78	-7.7%	View
Q1 2025	11,589.00	0.70	-10.4%	View
Q4 2024	12,606.00	0.99	-1.7%	View

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NIKE Inc (NKE.NE) Q2 2025 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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