Nike (NKE) Net Margin (2009 - 2026)

Nike (NKE) reported Net Margin of 4.61% for Q1 2026, down 244.0% on a YoY basis from 3.2% in Q1 2025, and down 27.66% quarter-over-quarter from 6.37% in Q4 2025.

Nike (NKE) Net Margin (2009 - 2026) Analysis & Trends

Nike has reported Net Margin for 18 years, with the latest figure at 4.61% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin fell 244.0% year-over-year to 4.61%; the trailing twelve-month figure through Feb 2026 stood at 4.84% (down 459.0% YoY), and the FY2025 full-year result was 6.95%, down 415.0% from the prior year.
  • Net Margin for Q1 2026 stood at 4.61%, down from 6.37% in the prior quarter.
  • The five-year high for Net Margin was 12.84% in Q1 2022, with the low at 1.9% in Q2 2025.
  • Historically, Net Margin has averaged 9.01% across 5 years, with a median of 9.43% in 2024.
  • Annual changes were most pronounced in 2024 — Net Margin surged 386 bps — and 2025, when it tumbled 1000 bps.
  • Nike's Net Margin stood at 10.0% in 2022, then rose by 18 bps to 11.79% in 2023, then retreated by 20 bps to 9.41% in 2024, then plunged by 32 bps to 6.37% in 2025, then declined by 28 bps to 4.61% in 2026.
  • The last three Net Margin figures came in at 4.61% (Q1 2026), 6.37% (Q4 2025), and 6.2% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Birkenstock Holding 102.63 Bn 102.39 Bn 390.51 Mn 19.67%
2 Nike 65.09 Bn 57.03 Bn 4.53 Bn 4.61%
3 Deckers Outdoor 16.02 Bn 13.93 Bn 1.17 Bn 24.58%
4 Crocs 6.13 Bn 6.00 Bn 522.95 Mn 14.93%
5 Steven Madden 3.14 Bn 3.10 Bn 357.42 Mn 11.03%
6 Wolverine World Wide 1.98 Bn 1.79 Bn 243.40 Mn 6.28%
7 On Holding AG 1.66 Bn 264.30 Mn 682.30 Mn 14.86%
8 Forward Industries 381.04 Mn 355.65 Mn 16.85 Mn -2,732.19%
9 Designer Brands 349.93 Mn 299.82 Mn 315.32 Mn 0.57%
10 Weyco 343.83 Mn 246.40 Mn 33.84 Mn 11.75%

Historic Data

Download Data
DateValue
Feb 28, 2026 4.61%
Nov 30, 2025 6.37%
Aug 31, 2025 6.20%
May 31, 2025 1.90%
Feb 28, 2025 7.05%
Nov 30, 2024 9.41%
Aug 31, 2024 9.07%
May 31, 2024 11.90%
Feb 29, 2024 9.43%
Nov 30, 2023 11.79%
Aug 31, 2023 11.21%
May 31, 2023 8.04%
Feb 28, 2023 10.01%
Nov 30, 2022 10.00%
Aug 31, 2022 11.57%
May 31, 2022 11.76%
Feb 28, 2022 12.84%
Nov 30, 2021 11.77%
Aug 31, 2021 15.30%
May 31, 2021 12.22%