Nike (NKE) Operating Margin (2009 - 2026)

Nike has reported Operating Margin for 18 years, with the latest figure at 14.57% in Q1 2026.

• For the quarter ending Q1 2026, Operating Margin rose 757.0% year-over-year to 14.57%; the trailing twelve-month figure through Feb 2026 stood at 23.75% (up 625.0% YoY), and the FY2025 full-year result was 18.12%, down 251.0% from the prior year.
• Operating Margin for Q1 2026 stood at 14.57%, down from 18.34% in the prior quarter.
• The five-year high for Operating Margin was 45.15% in Q2 2025, with the low at 6.99% in Q1 2025.
• Historically, Operating Margin has averaged 16.63% across 5 years, with a median of 14.57% in 2026.
• Annual changes were most pronounced in 2022 — Operating Margin plunged 1148 bps — and 2025, when it jumped 2423 bps.
• Nike's Operating Margin stood at 11.92% in 2022, then grew by 14 bps to 13.63% in 2023, then soared by 49 bps to 20.28% in 2024, then retreated by 10 bps to 18.34% in 2025, then decreased by 21 bps to 14.57% in 2026.
• The last three Operating Margin figures came in at 14.57% (Q1 2026), 18.34% (Q4 2025), and 18.05% (Q3 2025), per Business Quant data.