Nike (NKE) Operating Expenses (2009 - 2026)
Nike's (NKE) quarterly Operating Expenses came in at $4.1 billion in Q2 2026, down 1.59% YoY from $4.1 billion in Q2 2025, and up 41.39% on a QoQ basis from $2.9 billion in Q1 2026.
Nike (NKE) Operating Expenses (2009 - 2026) Analysis & Trends
Nike (NKE) has 18 years of Operating Expenses data on file, last reported at $4.1 billion in Q2 2026.
- Quarterly Operating Expenses fell 1.59% year-over-year to $4.1 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $15.0 billion (up 18.75% YoY) and the FY2026 annual result came in at $16.1 billion, changed 0.16% from the prior year.
- Operating Expenses grew to $4.1 billion in Q2 2026, from $2.9 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.8 billion in Q2 2022 to a low of -$197.0 million in Q2 2024.
- A 5-year average of $3.4 billion and a median of $3.1 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2024 — Operating Expenses tumbled 106.0% — and 2025, when it jumped 2205.58%.
- Tracing NKE's Operating Expenses over 5 years: stood at $3.0 billion in 2022, then gained by 0.33% to $3.0 billion in 2023, then decreased by 4.91% to $2.9 billion in 2024, then soared by 40.1% to $4.0 billion in 2025, then rose by 1.06% to $4.1 billion in 2026.
- The last three Operating Expenses figures came in at $4.1 billion (Q2 2026), $2.9 billion (Q1 2026), and $4.0 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 60.63 Bn | 51.60 Bn | 5.39 Bn | 4.08 Bn |
| 2 | Deckers Outdoor | 13.33 Bn | 11.43 Bn | - | - |
| 3 | Birkenstock Holding | 7.60 Bn | 6.80 Bn | 493.89 Mn | 37.80 Mn |
| 4 | Crocs | 6.44 Bn | 6.27 Bn | 700.71 Mn | 415.03 Mn |
| 5 | Steven Madden | 3.37 Bn | 3.28 Bn | 309.66 Mn | 270.34 Mn |
| 6 | Wolverine World Wide | 1.62 Bn | 1.46 Bn | 235.30 Mn | 187.40 Mn |
| 7 | Weyco | 425.23 Mn | 329.76 Mn | 43.78 Mn | 26.76 Mn |
| 8 | Forward Industries | 355.01 Mn | 355.01 Mn | - | - |
| 9 | Rocky Brands | 354.31 Mn | 351.69 Mn | 60.80 Mn | 41.12 Mn |
| 10 | Designer Brands | 311.24 Mn | 261.14 Mn | 315.32 Mn | 299.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 4.08 Bn |
| Feb 28, 2026 | 2.89 Bn |
| Nov 30, 2025 | 4.04 Bn |
| Aug 31, 2025 | 4.02 Bn |
| May 31, 2025 | 4.15 Bn |
| Feb 28, 2025 | 2.80 Bn |
| Nov 30, 2024 | 2.88 Bn |
| Aug 31, 2024 | 2.82 Bn |
| May 31, 2024 | -197.00 Mn |
| Feb 29, 2024 | 3.22 Bn |
| Nov 30, 2023 | 3.03 Bn |
| Aug 31, 2023 | 4.12 Bn |
| May 31, 2023 | 3.28 Bn |
| Feb 28, 2023 | 3.04 Bn |
| Nov 30, 2022 | 3.02 Bn |
| Aug 31, 2022 | 3.92 Bn |
| May 31, 2022 | 6.82 Bn |
| Feb 28, 2022 | 2.58 Bn |
| Nov 30, 2021 | 2.74 Bn |
| Aug 31, 2021 | 3.57 Bn |