Nike (NKE) Cost of Revenue (2009 - 2026)
Nike's (NKE) quarterly Cost of Revenue came in at $5.6 billion in Q2 2026, down 15.83% YoY from $6.6 billion in Q2 2025, and down 17.34% on a QoQ basis from $6.7 billion in Q1 2026.
Nike (NKE) Cost of Revenue (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of Cost of Revenue data on file, last reported at $5.6 billion in Q2 2026.
- Quarterly Cost of Revenue fell 15.83% year-over-year to $5.6 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $26.5 billion (changed 0.12% YoY) and the FY2026 annual result came in at $26.5 billion, changed 0.12% from the prior year.
- Cost of Revenue retreated to $5.6 billion in Q2 2026, from $6.7 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $7.6 billion in Q4 2022 to a low of $5.6 billion in Q2 2026.
- A 5-year average of $6.8 billion and a median of $6.9 billion in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue advanced 23.76% — and 2026, when it retreated 15.83%.
- Tracing NKE's Cost of Revenue over 5 years: 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 24.42% to $5.6 billion in 2026.
- The last three Cost of Revenue figures came in at $5.6 billion (Q2 2026), $6.7 billion (Q1 2026), and $7.4 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 5.58 Bn |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 342.46 Mn |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 478.76 Mn |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 356.21 Mn |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 271.10 Mn |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 18.43 Mn |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 57.56 Mn |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 381.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 5.58 Bn |
| May 31, 2026 | 5.58 Bn |
| Feb 28, 2026 | 6.75 Bn |
| Feb 28, 2026 | 6.75 Bn |
| Nov 30, 2025 | 7.38 Bn |
| Nov 30, 2025 | 7.38 Bn |
| Aug 31, 2025 | 6.78 Bn |
| Aug 31, 2025 | 6.78 Bn |
| May 31, 2025 | 6.63 Bn |
| May 31, 2025 | 6.63 Bn |
| Feb 28, 2025 | 6.59 Bn |
| Feb 28, 2025 | 6.59 Bn |
| Nov 30, 2024 | 6.97 Bn |
| Nov 30, 2024 | 6.97 Bn |
| Aug 31, 2024 | 6.33 Bn |
| Aug 31, 2024 | 6.33 Bn |
| May 31, 2024 | 6.97 Bn |
| May 31, 2024 | 6.97 Bn |
| Feb 29, 2024 | 6.87 Bn |
| Feb 29, 2024 | 6.87 Bn |