Nike (NKE) Gross Margin (2009 - 2026)
Nike (NKE) recorded Gross Margin of 49.15% in fiscal Q4 2026 (quarter ended May 31, 2026), up 8.88 percentage points from 40.27% a year earlier and up 8.99 percentage points from the prior quarter.
Powered by 
Analysis
Nike (NKE) Gross Margin (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Nike reported Gross Margin of 42.91%, up 0.18 percentage points from FY2025.
- Annual Gross Margin has a five-year change of -1.91 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Gross Margin came in at 42.73% in FY2025 (-1.83 pp), 44.56% in FY2024 (+1.04 pp), 43.52% in FY2023 (-2.46 pp) and 45.98% in FY2022 (+1.16 pp).
- The fiscal Q4 2026 figure is the highest quarterly Gross Margin in data going back to fiscal Q3 2009.
- On a year-over-year basis, Gross Margin rose in two of the last eight quarters, with an average year-over-year change of -0.77 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.88 percentage points in fiscal Q4 2026, against a drop of 4.42 percentage points in fiscal Q4 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 40.16% (Q3 2026), 40.60% (Q2 2026) and 42.18% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 53.94 Bn | 19.93 Bn | 5.39 Bn | 49.15% |
| 2 | Tapestry | 22.74 Bn | 18.69 Bn | 1.56 Bn | 83.32% |
| 3 | Ralph Lauren | 21.47 Bn | 13.57 Bn | 1.44 Bn | 73.69% |
| 4 | Deckers Outdoor | 11.15 Bn | 4.02 Bn | - | - |
| 5 | Lululemon Athletica | 10.72 Bn | 4.97 Bn | 1.46 Bn | 60.52% |
| 6 | Levi Strauss | 7.64 Bn | 4.29 Bn | 979.10 Mn | 62.68% |
| 7 | Gildan Activewear | 6.52 Bn | 5.51 Bn | 459.76 Mn | 29.05% |
| 8 | Birkenstock Holding | 6.06 Bn | 4.37 Bn | 493.89 Mn | 59.05% |
| 9 | Crocs | 5.89 Bn | 5.30 Bn | 700.71 Mn | 59.41% |
| 10 | V F | 5.67 Bn | 2.29 Bn | 917.04 Mn | 54.93% |
Historic Data
Download Data
Historic 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% |
API Access
Nike Gross Margin 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=gross-margin&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();