Nike (NKE) Operating Margin (2009 - 2026)
Nike (NKE) reported Operating Margin of 7.92% for fiscal Q1 2027 (quarter ended Aug 31, 2026), up 0.01 percentage points from 7.91% a year earlier but down 4.03 percentage points from the prior quarter.
Nike (NKE) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 31, 2026, Nike's Operating Margin came in at 8.19%, up 0.82 percentage points year-over-year; for FY2026 (ended May 31, 2026), it was 8.18%, up 0.19 percentage points from FY2025.
- Operating Margin has a five-year change of -7.39 percentage points (FY2021 to FY2026).
- By fiscal year, Operating Margin came in at 7.99% in FY2025 (-4.29 pp), 12.29% in FY2024 (+0.74 pp), 11.55% in FY2023 (-2.74 pp) and 14.29% in FY2022 (-1.29 pp).
- Five-year quarterly Operating Margin spans a low of 2.89% in fiscal Q4 2025 and a high of 14.98% in fiscal Q3 2022.
- Year over year, Operating Margin gained in two of the last eight quarters, with an average year-over-year change of -1.78 percentage points.
- The high point for year-over-year Operating Margin in five years was fiscal Q4 2026 (a gain of 9.06 percentage points); the low point was fiscal Q4 2025 (a drop of 9.37 percentage points).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at 11.95% (Q4 2026), 4.90% (Q3 2026) and 8.10% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nike | 56.18 Bn | 22.38 Bn | 4.80 Bn | 7.92% |
| 2 | Tapestry | 23.99 Bn | 19.95 Bn | 1.56 Bn | 23.57% |
| 3 | Ralph Lauren | 22.76 Bn | 14.85 Bn | 1.44 Bn | 17.47% |
| 4 | Deckers Outdoor | 12.61 Bn | 5.48 Bn | - | - |
| 5 | Lululemon Athletica | 11.29 Bn | 5.54 Bn | 1.46 Bn | 18.78% |
| 6 | Levi Strauss | 8.02 Bn | 4.60 Bn | 1.07 Bn | 13.81% |
| 7 | V F | 6.86 Bn | 3.48 Bn | 917.04 Mn | -4.98% |
| 8 | Gildan Activewear | 6.55 Bn | 5.47 Bn | 459.76 Mn | 11.12% |
| 9 | Birkenstock Holding | 6.11 Bn | 4.43 Bn | 493.89 Mn | 28.22% |
| 10 | Crocs | 5.97 Bn | 5.38 Bn | 700.71 Mn | 24.22% |
Historic Data
| Date | Value |
|---|---|
| Aug 31, 2026 | 7.92% |
| May 31, 2026 | 11.95% |
| Feb 28, 2026 | 4.90% |
| Nov 30, 2025 | 8.10% |
| Aug 31, 2025 | 7.91% |
| May 31, 2025 | 2.89% |
| Feb 28, 2025 | 6.99% |
| Nov 30, 2024 | 11.20% |
| Aug 31, 2024 | 10.43% |
| May 31, 2024 | 12.26% |
| Feb 29, 2024 | 10.75% |
| Nov 30, 2023 | 13.63% |
| Aug 31, 2023 | 12.40% |
| May 31, 2023 | 9.52% |
| Feb 28, 2023 | 11.40% |
| Nov 30, 2022 | 11.92% |
| Aug 31, 2022 | 13.36% |
| May 31, 2022 | 12.00% |
| Feb 28, 2022 | 14.98% |
| Nov 30, 2021 | 12.80% |
Nike Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "NKE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();