Nike (NKE) Operating Expenses (2009 - 2026)

Nike has reported Operating Expenses for 18 years, with the latest figure at $2.9 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 25.73% year-over-year to $2.9 billion; the trailing twelve-month figure through Feb 2026 stood at $7.9 billion (down 36.93% YoY), and the FY2025 full-year result was $11.4 billion, down 7.26% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.9 billion, up from $2.8 billion in the prior quarter.
• The five-year high for Operating Expenses was $4.4 billion in Q2 2023, with the low at -$541.0 million in Q2 2025.
• Historically, Operating Expenses has averaged $3.3 billion across 5 years, with a median of $3.4 billion in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 50.4% — and 2025, when it sank 118.05%.
• Nike's Operating Expenses stood at $4.1 billion in 2022, then rose by 0.53% to $4.1 billion in 2023, then sank by 30.46% to $2.9 billion in 2024, then slipped by 4.06% to $2.8 billion in 2025, then climbed by 4.37% to $2.9 billion in 2026.
• The last three Operating Expenses figures came in at $2.9 billion (Q1 2026), $2.8 billion (Q4 2025), and $2.8 billion (Q3 2025), per Business Quant data.