Nike (NKE) Cost of Revenue (2009 - 2026)
Nike (NKE) reported Cost of Revenue of $6.42 billion for fiscal Q1 2027 (quarter ended Aug 31, 2026), down 5.3% from $6.78 billion a year earlier but up 15.0% from the prior quarter.
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Analysis
Nike (NKE) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Nike's Cost of Revenue came in at $26.13 billion, down 3.1% year-over-year; for FY2026 (ended May 31, 2026), it was $26.49 billion, down 0.1% from FY2025.
- Cost of Revenue has declined for three consecutive fiscal years, though with a five-year compound annual growth rate of 1.5% (FY2021 to FY2026).
- By fiscal year, Cost of Revenue came in at $26.52 billion in FY2025 (-6.9%), $28.48 billion in FY2024 (-1.6%), $28.93 billion in FY2023 (+14.6%) and $25.23 billion in FY2022 (+2.7%).
- Five-year quarterly Cost of Revenue spans a low of $5.58 billion in fiscal Q4 2026 and a high of $7.6 billion in fiscal Q2 2023.
- Year over year, Cost of Revenue gained in three of the last eight quarters, with an average decline of 2.6%.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q2 2023 (growth of 23.8%); the low point was fiscal Q4 2026 (a decline of 15.8%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $5.58 billion (Q4 2026), $6.75 billion (Q3 2026) and $7.38 billion (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 50.34 Bn | 16.54 Bn | 4.80 Bn | 6.42 Bn |
| 2 | Tapestry | 23.66 Bn | 19.62 Bn | 1.56 Bn | 313.00 Mn |
| 3 | Ralph Lauren | 21.85 Bn | 13.95 Bn | 1.44 Bn | 515.60 Mn |
| 4 | Deckers Outdoor | 11.26 Bn | 4.14 Bn | - | - |
| 5 | Lululemon Athletica | 10.07 Bn | 4.32 Bn | 1.46 Bn | 953.75 Mn |
| 6 | Levi Strauss | 7.67 Bn | 4.32 Bn | 979.10 Mn | 582.90 Mn |
| 7 | Gildan Activewear | 6.27 Bn | 5.26 Bn | 459.76 Mn | 1.12 Bn |
| 8 | Birkenstock Holding | 6.13 Bn | 4.43 Bn | 493.89 Mn | 342.46 Mn |
| 9 | Crocs | 5.68 Bn | 5.09 Bn | 700.71 Mn | 478.76 Mn |
| 10 | V F | 5.64 Bn | 2.26 Bn | 917.04 Mn | 752.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 6.42 Bn |
| May 31, 2026 | 5.58 Bn |
| Feb 28, 2026 | 6.75 Bn |
| Nov 30, 2025 | 7.38 Bn |
| Aug 31, 2025 | 6.78 Bn |
| May 31, 2025 | 6.63 Bn |
| Feb 28, 2025 | 6.59 Bn |
| Nov 30, 2024 | 6.97 Bn |
| Aug 31, 2024 | 6.33 Bn |
| May 31, 2024 | 6.97 Bn |
| Feb 29, 2024 | 6.87 Bn |
| Nov 30, 2023 | 7.42 Bn |
| Aug 31, 2023 | 7.22 Bn |
| May 31, 2023 | 7.23 Bn |
| Feb 28, 2023 | 7.02 Bn |
| Nov 30, 2022 | 7.60 Bn |
| Aug 31, 2022 | 7.07 Bn |
| May 31, 2022 | 6.73 Bn |
| Feb 28, 2022 | 5.80 Bn |
| Nov 30, 2021 | 6.14 Bn |
API Access
Nike Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();