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Nike (NKE) Cost of Revenue (2016 - 2026)

Nike (NKE) has disclosed Cost of Revenue for 17 consecutive years, with $7.4 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 5.99% year-over-year to $7.4 billion, compared with a TTM value of $27.4 billion through Nov 2025, up 0.9%, and an annual FY2025 reading of $26.5 billion, down 6.87% over the prior year.
  • Cost of Revenue was $7.4 billion for Q4 2025 at Nike, up from $6.8 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $7.6 billion in Q4 2022 and bottomed at $5.6 billion in Q1 2021.
  • Average Cost of Revenue over 5 years is $6.8 billion, with a median of $6.8 billion recorded in 2024.
  • The sharpest move saw Cost of Revenue skyrocketed 68.91% in 2021, then fell 12.29% in 2024.
  • Year by year, Cost of Revenue stood at $6.1 billion in 2021, then grew by 23.76% to $7.6 billion in 2022, then dropped by 2.46% to $7.4 billion in 2023, then fell by 6.09% to $7.0 billion in 2024, then grew by 5.99% to $7.4 billion in 2025.
  • Business Quant data shows Cost of Revenue for NKE at $7.4 billion in Q4 2025, $6.8 billion in Q3 2025, and $6.6 billion in Q2 2025.