Nike (NKE) Net Margin (2009 - 2026)
Nike's (NKE) quarterly Net Margin came in at 9.74% in Q2 2026, up 784.0% YoY from 1.1% in Q2 2025, and up 111.33% on a QoQ basis from 4.61% in Q1 2026.
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Nike (NKE) Net Margin (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of Net Margin data on file, last reported at 9.74% in Q2 2026.
- Quarterly Net Margin rose 784.0% year-over-year to 9.74% in Q2 2026, while the trailing twelve-month figure through May 2026 was 6.7% (down 25.0% YoY) and the FY2026 annual result came in at 6.7%, down 25.0% from the prior year.
- Net Margin rose to 9.74% in Q2 2026, from 4.61% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.84% in Q1 2022 to a low of 1.9% in Q2 2025.
- A 5-year average of 9.05% and a median of 9.59% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2025 — Net Margin tumbled 1000 bps — and 2026, when it surged 784 bps.
- Tracing NKE's Net Margin over 5 years: 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 soared by 53 bps to 9.74% in 2026.
- The last three Net Margin figures came in at 9.74% (Q2 2026), 4.61% (Q1 2026), and 6.37% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.76 Bn | 47.73 Bn | 5.39 Bn | 9.74% |
| 2 | Deckers Outdoor | 12.09 Bn | 10.19 Bn | - | - |
| 3 | Birkenstock Holding | 6.35 Bn | 5.55 Bn | 493.89 Mn | 15.23% |
| 4 | Crocs | 5.66 Bn | 5.49 Bn | 700.71 Mn | 17.37% |
| 5 | Steven Madden | 2.99 Bn | 2.90 Bn | 309.66 Mn | 4.19% |
| 6 | Wolverine World Wide | 1.58 Bn | 1.43 Bn | 235.30 Mn | 6.50% |
| 7 | Forward Industries | 574.78 Mn | 574.78 Mn | - | - |
| 8 | Weyco | 414.41 Mn | 318.94 Mn | 43.78 Mn | 21.40% |
| 9 | Rocky Brands | 331.45 Mn | 328.82 Mn | 60.80 Mn | 11.73% |
| 10 | Fossil | 302.26 Mn | 223.31 Mn | 130.79 Mn | -5.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 9.74% |
| 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% |