KPIs & Operating Metrics(New)
Growth Metrics

Nike (NKE) Gross Margin (2016 - 2025)

Nike (NKE) has disclosed Gross Margin for 17 consecutive years, with 40.6% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Gross Margin fell 302.0% year-over-year to 40.6%, compared with a TTM value of 41.13% through Nov 2025, down 346.0%, and an annual FY2025 reading of 42.73%, down 183.0% over the prior year.
  • Gross Margin was 40.6% for Q4 2025 at Nike, down from 42.18% in the prior quarter.
  • Across five years, Gross Margin topped out at 46.61% in Q1 2022 and bottomed at 40.27% in Q2 2025.
  • Average Gross Margin over 5 years is 44.06%, with a median of 44.43% recorded in 2022.
  • The sharpest move saw Gross Margin soared 854bps in 2021, then tumbled -442bps in 2025.
  • Year by year, Gross Margin stood at 45.9% in 2021, then dropped by -7bps to 42.89% in 2022, then increased by 4bps to 44.6% in 2023, then dropped by -2bps to 43.62% in 2024, then dropped by -7bps to 40.6% in 2025.
  • Business Quant data shows Gross Margin for NKE at 40.6% in Q4 2025, 42.18% in Q3 2025, and 40.27% in Q2 2025.