Nike (NKE) Gross Margin (2009 - 2026)
Nike's (NKE) quarterly Gross Margin came in at 49.15% in Q2 2026, up 888.0% YoY from 4.97% in Q2 2025, and up 22.38% on a QoQ basis from 40.16% in Q1 2026.
Nike (NKE) Gross Margin (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of Gross Margin data on file, last reported at 49.15% in Q2 2026.
- Quarterly Gross Margin rose 888.0% year-over-year to 49.15% in Q2 2026, while the trailing twelve-month figure through May 2026 was 42.91% (up 18.0% YoY) and the FY2026 annual result came in at 42.91%, up 18.0% from the prior year.
- Gross Margin grew to 49.15% in Q2 2026, from 40.16% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.15% in Q2 2026 to a low of 40.16% in Q1 2026.
- A 5-year average of 43.71% and a median of 43.92% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2025 — Gross Margin sank 442 bps — and 2026, when it surged 888 bps.
- Tracing NKE's Gross Margin over 5 years: 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 advanced by 21 bps to 49.15% in 2026.
- The last three Gross Margin figures came in at 49.15% (Q2 2026), 40.16% (Q1 2026), and 40.6% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 49.15% |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 59.05% |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 59.41% |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 46.50% |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 46.47% |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 70.37% |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 51.37% |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 45.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 49.15% |
| Feb 28, 2026 | 40.16% |
| Nov 30, 2025 | 40.60% |
| Aug 31, 2025 | 42.18% |
| May 31, 2025 | 40.27% |
| Feb 28, 2025 | 41.49% |
| Nov 30, 2024 | 43.62% |
| Aug 31, 2024 | 45.36% |
| May 31, 2024 | 44.69% |
| Feb 29, 2024 | 44.75% |
| Nov 30, 2023 | 44.60% |
| Aug 31, 2023 | 44.21% |
| May 31, 2023 | 43.63% |
| Feb 28, 2023 | 43.35% |
| Nov 30, 2022 | 42.89% |
| Aug 31, 2022 | 44.26% |
| May 31, 2022 | 44.98% |
| Feb 28, 2022 | 46.61% |
| Nov 30, 2021 | 45.90% |
| Aug 31, 2021 | 46.51% |