Nike (NKE) Other Working Capital Changes (2009 - 2026)
Nike (NKE) recorded Other Working Capital Changes of -$259 million in fiscal Q4 2026 (quarter ended May 31, 2026), compared with -$11 million a year earlier.
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Analysis
Nike (NKE) Other Working Capital Changes (2009 - 2026) Analysis & Trends
For FY2026 (ended May 31, 2026), Nike reported Other Working Capital Changes of -$519 million.
- Across earlier fiscal years, Other Working Capital Changes came in at $224 million in FY2025 (-13.8%), $260 million in FY2024 (-59.6%), $644 million in FY2023 (-23.8%) and $845 million in FY2022 (+364.3%).
- Quarterly Other Working Capital Changes has ranged from -$405 million in fiscal Q2 2025 to $375 million in fiscal Q3 2025 over the past five years.
- Peak year-over-year performance for Other Working Capital Changes in the last five years was growth of 80.1% in fiscal Q4 2023, against a decline of 82.6% in fiscal Q3 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -$149 million (Q3 2026), -$276 million (Q2 2026) and $165 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nike | 52.47 Bn | 18.46 Bn | 5.39 Bn |
| 2 | Tapestry | 23.05 Bn | 19.01 Bn | 1.56 Bn |
| 3 | Ralph Lauren | 21.35 Bn | 13.45 Bn | 1.44 Bn |
| 4 | Deckers Outdoor | 11.12 Bn | 3.99 Bn | - |
| 5 | Lululemon Athletica | 10.25 Bn | 4.50 Bn | 1.46 Bn |
| 6 | Levi Strauss | 7.60 Bn | 4.25 Bn | 979.10 Mn |
| 7 | Gildan Activewear | 6.52 Bn | 5.51 Bn | 459.76 Mn |
| 8 | Birkenstock Holding | 5.97 Bn | 4.27 Bn | 493.89 Mn |
| 9 | Crocs | 5.64 Bn | 5.06 Bn | 700.71 Mn |
| 10 | V F | 5.53 Bn | 2.15 Bn | 917.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -259.00 Mn |
| Feb 28, 2026 | -149.00 Mn |
| Nov 30, 2025 | -276.00 Mn |
| Aug 31, 2025 | 165.00 Mn |
| May 31, 2025 | -11.00 Mn |
| Feb 28, 2025 | 375.00 Mn |
| Nov 30, 2024 | -405.00 Mn |
| Aug 31, 2024 | 265.00 Mn |
| May 31, 2024 | -82.00 Mn |
| Feb 29, 2024 | -52.00 Mn |
| Nov 30, 2023 | 169.00 Mn |
| Aug 31, 2023 | 225.00 Mn |
| May 31, 2023 | 371.00 Mn |
| Feb 28, 2023 | 34.00 Mn |
| Nov 30, 2022 | 111.00 Mn |
| Aug 31, 2022 | 128.00 Mn |
| May 31, 2022 | 206.00 Mn |
| Feb 28, 2022 | 195.00 Mn |
| Nov 30, 2021 | 202.00 Mn |
| Aug 31, 2021 | 242.00 Mn |
API Access
Nike Other Working Capital Changes 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=other-working-capital-changes&ticker=NKE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=NKE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();