KPIs & Operating Metrics(New)
Growth Metrics

Nike (NKE) Operating Margin (2016 - 2025)

Nike (NKE) has disclosed Operating Margin for 17 consecutive years, with 18.34% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin rose 714.0% year-over-year to 18.34%, compared with a TTM value of 11.83% through Nov 2025, down 1016.0%, and an annual FY2025 reading of 7.99%, down 1264.0% over the prior year.
  • Operating Margin was 18.34% for Q4 2025 at Nike, up from 18.05% in the prior quarter.
  • Across five years, Operating Margin topped out at 46.26% in Q2 2024 and bottomed at 28.07% in Q2 2025.
  • Average Operating Margin over 5 years is 13.87%, with a median of 18.19% recorded in 2025.
  • The sharpest move saw Operating Margin skyrocketed 5988bps in 2024, then tumbled -7433bps in 2025.
  • Year by year, Operating Margin stood at 21.76% in 2021, then decreased by -7bps to 20.2% in 2022, then plummeted by -33bps to 13.63% in 2023, then decreased by -18bps to 11.2% in 2024, then soared by 64bps to 18.34% in 2025.
  • Business Quant data shows Operating Margin for NKE at 18.34% in Q4 2025, 18.05% in Q3 2025, and 28.07% in Q2 2025.