KPIs & Operating Metrics(New)
Growth Metrics

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

Nike filings provide 18 years of Cost of Revenue readings, the most recent being $6.7 billion for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 2.35% to $6.7 billion in Q1 2026 year-over-year; TTM through Feb 2026 was $27.5 billion, a 2.51% increase, with the full-year FY2025 number at $26.5 billion, down 6.87% from a year prior.
  • Cost of Revenue hit $6.7 billion in Q1 2026 for Nike, down from $7.4 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 $5.8 billion in Q1 2022.
  • Median Cost of Revenue over the past 5 years was $7.0 billion (2024), compared with a mean of $6.9 billion.
  • Biggest five-year swings in Cost of Revenue: grew 23.76% in 2022 and later dropped 12.29% in 2024.
  • Nike's Cost of Revenue stood at $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, then fell by 8.57% to $6.7 billion in 2026.
  • The last three reported values for Cost of Revenue were $6.7 billion (Q1 2026), $7.4 billion (Q4 2025), and $6.8 billion (Q3 2025) per Business Quant data.