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Nike (NKE) Operating Expenses (2016 - 2025)

Nike (NKE) has disclosed Operating Expenses for 17 consecutive years, with $2.8 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 30.94% year-over-year to $2.8 billion, compared with a TTM value of $13.6 billion through Nov 2025, up 23.11%, and an annual FY2025 reading of $16.1 billion, up 30.89% over the prior year.
  • Operating Expenses was $2.8 billion for Q4 2025 at Nike, down from $2.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $7.6 billion in Q2 2025 and bottomed at -$197.0 million in Q2 2024.
  • Average Operating Expenses over 5 years is $3.7 billion, with a median of $3.1 billion recorded in 2022.
  • The sharpest move saw Operating Expenses tumbled 102.68% in 2024, then surged 3949.75% in 2025.
  • Year by year, Operating Expenses stood at $2.7 billion in 2021, then rose by 10.21% to $3.0 billion in 2022, then surged by 37.19% to $4.1 billion in 2023, then fell by 3.4% to $4.0 billion in 2024, then plummeted by 30.94% to $2.8 billion in 2025.
  • Business Quant data shows Operating Expenses for NKE at $2.8 billion in Q4 2025, $2.8 billion in Q3 2025, and $7.6 billion in Q2 2025.