Nike (NKE) Gross Margin (2009 - 2026)

Nike has reported Gross Margin for 18 years, with the latest figure at 40.16% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin fell 132.0% year-over-year to 40.16%; the trailing twelve-month figure through Feb 2026 stood at 40.81% (down 301.0% YoY), and the FY2025 full-year result was 42.73%, down 183.0% from the prior year.
• Gross Margin for Q1 2026 stood at 40.16%, down from 40.6% in the prior quarter.
• The five-year high for Gross Margin was 46.61% in Q1 2022, with the low at 40.16% in Q1 2026.
• Historically, Gross Margin has averaged 43.39% across 5 years, with a median of 43.63% in 2023.
• Annual changes were most pronounced in 2023 — Gross Margin jumped 171 bps — and 2025, when it sank 442 bps.
• Nike's Gross Margin stood at 42.89% in 2022, then climbed by 4 bps to 44.6% in 2023, then declined by 2 bps to 43.62% in 2024, then decreased by 7 bps to 40.6% in 2025, then fell by 1 bps to 40.16% in 2026.
• The last three Gross Margin figures came in at 40.16% (Q1 2026), 40.6% (Q4 2025), and 42.18% (Q3 2025), per Business Quant data.