Nike (NKE) Cost of Revenue (2009 - 2026)

Nike has reported Cost of Revenue for 18 years, with the latest figure at $6.7 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 2.35% year-over-year to $6.7 billion; the trailing twelve-month figure through Feb 2026 stood at $27.5 billion (up 2.51% YoY), and the FY2025 full-year result was $26.5 billion, down 6.87% from the prior year.
• Cost of Revenue for Q1 2026 stood at $6.7 billion, down from $7.4 billion in the prior quarter.
• The five-year high for Cost of Revenue was $7.6 billion in Q4 2022, with the low at $5.8 billion in Q1 2022.
• Historically, Cost of Revenue has averaged $6.9 billion across 5 years, with a median of $7.0 billion in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue advanced 23.76% — and 2024, when it declined 12.29%.
• Nike's Cost of Revenue stood at $7.6 billion in 2022, then declined by 2.46% to $7.4 billion in 2023, then dropped by 6.09% to $7.0 billion in 2024, then increased by 5.99% to $7.4 billion in 2025, then retreated by 8.57% to $6.7 billion in 2026.
• The last three Cost of Revenue figures came in at $6.7 billion (Q1 2026), $7.4 billion (Q4 2025), and $6.8 billion (Q3 2025), per Business Quant data.