Nike (NKE) Free Cash Flow (2009 - 2026)
Nike (NKE) posted Free Cash Flow of -$64 million for fiscal Q1 2027 (quarter ended Aug 31, 2026), compared with $15 million a year earlier.
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Analysis
Nike (NKE) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Aug 31, 2026, Free Cash Flow at Nike was $2.11 billion, down 30.0% year-over-year; for FY2026 (ended May 31, 2026), it came in at $2.18 billion, down 33.2% from FY2025.
- Annual Free Cash Flow shows a five-year compound annual growth rate of -18.2% (FY2021 to FY2026).
- In prior fiscal years, Nike's Free Cash Flow was $3.27 billion in FY2025 (-50.6%), $6.62 billion in FY2024 (+35.8%), $4.87 billion in FY2023 (+10.0%) and $4.43 billion in FY2022 (-25.7%).
- The fiscal Q1 2027 figure stands as the lowest quarterly Free Cash Flow since fiscal Q1 2024.
- On a year-over-year basis, Free Cash Flow increased in 1 of the last seven quarters, with an average decline of 11.9%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was fiscal Q4 2026, with growth of 312.9%; the weakest was fiscal Q3 2022, with a decline of 98.7%.
- According to Business Quant data, Free Cash Flow for the three prior fiscal quarters was $1.5 billion (Q4 2026), $284 million (Q3 2026) and $386 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 50.34 Bn | 16.54 Bn | 4.80 Bn | -64.00 Mn |
| 2 | Tapestry | 23.66 Bn | 19.62 Bn | 1.56 Bn | 469.00 Mn |
| 3 | Ralph Lauren | 21.85 Bn | 13.95 Bn | 1.44 Bn | 285.90 Mn |
| 4 | Deckers Outdoor | 11.26 Bn | 4.14 Bn | - | - |
| 5 | Lululemon Athletica | 10.07 Bn | 4.32 Bn | 1.46 Bn | 225.16 Mn |
| 6 | Levi Strauss | 7.67 Bn | 4.32 Bn | 979.10 Mn | 230.90 Mn |
| 7 | Gildan Activewear | 6.27 Bn | 5.26 Bn | 459.76 Mn | 367.29 Mn |
| 8 | Birkenstock Holding | 6.13 Bn | 4.43 Bn | 493.89 Mn | 316.96 Mn |
| 9 | Crocs | 5.68 Bn | 5.09 Bn | 700.71 Mn | 330.97 Mn |
| 10 | V F | 5.64 Bn | 2.26 Bn | 917.04 Mn | -102.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | -64.00 Mn |
| May 31, 2026 | 1.50 Bn |
| Feb 28, 2026 | 284.00 Mn |
| Nov 30, 2025 | 386.00 Mn |
| Aug 31, 2025 | 15.00 Mn |
| May 31, 2025 | 363.00 Mn |
| Feb 28, 2025 | 1.71 Bn |
| Nov 30, 2024 | 920.00 Mn |
| Aug 31, 2024 | 274.00 Mn |
| May 31, 2024 | 2.41 Bn |
| Feb 29, 2024 | 1.92 Bn |
| Nov 30, 2023 | 2.61 Bn |
| Aug 31, 2023 | -319.00 Mn |
| May 31, 2023 | 1.98 Bn |
| Feb 28, 2023 | 2.03 Bn |
| Nov 30, 2022 | 765.00 Mn |
| Aug 31, 2022 | 93.00 Mn |
| May 31, 2022 | 909.00 Mn |
| Feb 28, 2022 | 15.00 Mn |
| Nov 30, 2021 | 2.58 Bn |
API Access
Nike Free Cash Flow 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=free-cash-flow&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();