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| Date | Value |
|---|---|
| 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% |