"We told inspiring athletes stories, we brought more energy to sports biggest moments... and that’s exactly the kind of sustained pace we need to strengthen our business."
— Elliott Hill
03Detailed Report
NKE
NIKE Inc
Period
Q3 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 4, 2026
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Executive Summary
In Q3 2025, NIKE Inc (NKE) reported revenues of $11.27 billion, reflecting a significant year-over-year decline of 9.33%. This decrease was attributed to challenging market conditions and heightened competition, particularly in Greater China. The company's gross profit margin fell to 41.5%, resulting in a gross profit of $4.68 billion, a drop of 15.95% year-over-year. Despite these hurdles, management emphasized ongoing investments in brand marketing and product innovation, reiterating their commitment to increasing the product portfolio's breadth. CEO Elliott Hill articulated that leading with sport remains central to NIKE's strategy, leveraging storytelling and community engagement to rejuvenate the brand. Management's focus on elevating the integrated marketplace will be crucial as the company aims to navigate through these turbulent times.
Key Performance Indicators
Revenue
Decreasing
11.27B
QoQ: -8.78% | YoY: -9.33%
Gross Profit
Decreasing
4.68B
41.49% margin
QoQ: -13.25% | YoY: -15.95%
Operating Income
Decreasing
788.00M
QoQ: -43.06% | YoY: -41.02%
Net Income
Decreasing
794.00M
QoQ: -31.73% | YoY: -32.25%
EPS
Decreasing
0.54
QoQ: -30.77% | YoY: -29.87%
Revenue Trend
Margin Analysis
Financial Highlights
Financial Performance:
- Revenue: $11.27 billion, down 9.33% YoY and 8.78% QoQ.
- Gross Profit: $4.68 billion; Gross Profit Margin: 41.5% (down from previous year)
- Operating Income: $788 million (down 41.02% YoY)
- Net Income: $794 million (down 32.25% YoY; EPS: $0.54)
Key Ratios:
- Current Ratio: 2.19
- Long-Term Debt to Capitalization: 36.2%
- Net Income Margin: 7.05%
- Return on Equity: 5.67%
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
11.27B
-9.33%
-8.78%
Gross Profit
4.68B
-15.95%
-13.25%
Operating Income
788.00M
-41.02%
-43.06%
Net Income
794.00M
-32.25%
-31.73%
EPS
0.54
-29.87%
-30.77%
Key Financial Ratios
Gross Profit Margin
Good
41.50%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Fair
6.99%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
7.05%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
2.10%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
5.67%
Return on equity is acceptable but below top-tier companies
Current Ratio
Healthy
2.19
Current ratio shows adequate liquidity to meet short-term obligations
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