Nike Inc. (NKE) financial statements: income statement, balance sheet and cash flow

Nike Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (May 31, 2026 · FY), Nike Inc. reported revenue of $46.4B (+0.2% year on year) and net income of $3.1B (-3.4% year on year).

Income statement

Nike Inc. income statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Revenues	$46.4B	$46.3B	$51.4B	$51.2B
Cost of sales	$26.5B	$26.5B	$28.5B	$28.9B
Gross profit	$19.9B	$19.8B	$22.9B	$22.3B
Demand creation expense	$4.8B	$4.7B	$4.3B	$4.1B
Operating overhead expense	$11.4B	$11.4B	$12.3B	$12.3B
Total selling and administrative expense	$16.1B	$16.1B	$16.6B	$16.4B
Interest (income) expense, net	($50.0M)	($107.0M)	($161.0M)	($6.0M)
Other (income) expense, net	($53.0M)	($76.0M)	($228.0M)	($280.0M)
Income before income taxes	$3.9B	$3.9B	$6.7B	$6.2B
Income tax expense	$792.0M	$666.0M	$1.0B	$1.1B
NET INCOME	$3.1B	$3.2B	$5.7B	$5.1B
Basic (in dollars per share)	$2.10	$2.17	$3.76	$3.27
Diluted (in dollars per share)	$2.10	$2.16	$3.73	$3.23
Basic (in shares)	1.5B	1.5B	1.5B	1.6B
Diluted (in shares)	1.5B	1.5B	1.5B	1.6B

Nike Inc. income statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · Q3	Nov 30, 2025 · Q2	Aug 31, 2025 · Q1
Revenues	$11.2B	$11.3B	$12.4B	$11.7B
Cost of sales	$6.4B	$6.7B	$7.4B	$6.8B
Gross profit	$4.8B	$4.5B	$5.0B	$4.9B
Demand creation expense	$1.3B	$1.1B	$1.3B	$1.2B
Operating overhead expense	$2.7B	$2.9B	$2.8B	$2.8B
Total selling and administrative expense	$3.9B	$4.0B	$4.0B	$4.0B
Interest (income) expense, net	($14.0M)	($15.0M)	($9.0M)	($18.0M)
Other (income) expense, net	($19.0M)	($82.0M)	$16.0M	$23.0M
Income before income taxes	$921.0M	$650.0M	$999.0M	$922.0M
Income tax expense	$209.0M	$130.0M	$207.0M	$195.0M
NET INCOME	$712.0M	$520.0M	$792.0M	$727.0M
Basic (in dollars per share)	$0.48	$0.35	$0.54	$0.49
Diluted (in dollars per share)	$0.48	$0.35	$0.53	$0.49
Basic (in shares)	1.5B	1.5B	1.5B	1.5B
Diluted (in shares)	1.5B	1.5B	1.5B	1.5B

Balance sheet

Nike Inc. balance sheet, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Cash and equivalents	$7.6B	$7.5B	$9.9B	$7.4B
Short-term investments	$1.5B	$1.7B	$1.7B	$3.2B
Accounts receivable, net	$5.9B	$4.7B	$4.4B	$4.1B
Inventories	$7.5B	$7.5B	$7.5B	$8.5B
Prepaid expenses and other current assets	$2.1B	$2.0B	$1.9B	$1.9B
Total current assets	$24.6B	$23.4B	$25.4B	$25.2B
Property, plant and equipment, net	$4.8B	$4.8B	$5.0B	$5.1B
Operating lease right-of-use assets, net	$2.8B	$2.7B	$2.7B	$2.9B
Identifiable intangible assets, net	$259.0M	$259.0M	$259.0M	$274.0M
Goodwill	$240.0M	$240.0M	$240.0M	$281.0M
Deferred income taxes and other assets	$5.7B	$5.2B	$4.5B	$3.8B
TOTAL ASSETS	$38.4B	$36.6B	$38.1B	$37.5B
Current portion of long-term debt	$2.0B	$0	$1.0B	$0
Accounts payable	$3.6B	$3.5B	$2.9B	$2.9B
Current portion of operating lease liabilities	$478.0M	$502.0M	$477.0M	$425.0M
Accrued liabilities	$6.1B	$5.9B	$5.7B	$5.7B
Income taxes payable	$377.0M	$669.0M	$534.0M	$240.0M
Total current liabilities	$12.5B	$10.6B	$10.6B	$9.3B
Long-term debt	$5.9B	$8.0B	$7.9B	$8.9B
Operating lease liabilities	$2.6B	$2.5B	$2.6B	$2.8B
Deferred income taxes and other liabilities	$2.4B	$2.3B	$2.6B	$2.6B
Redeemable preferred stock	$0	$0	$0	$0
Common stock at stated value	$3.0M	$3.0M	$3.0M	$3.0M
Capital in excess of stated value	$15.2B	$14.2B	$13.4B	$12.4B
Accumulated other comprehensive income (loss)	($141.0M)	($258.0M)	$53.0M	$231.0M
Retained earnings (deficit)	($155.0M)	($727.0M)	$965.0M	$1.4B
Total shareholders' equity	$14.9B	$13.2B	$14.4B	$14.0B
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$38.4B	$36.6B	$38.1B	$37.5B

Nike Inc. balance sheet, quarters

Line item	Aug 31, 2026	Feb 28, 2026	Nov 30, 2025	Aug 31, 2025
Cash and equivalents	$6.9B	$6.7B	$7.0B	$7.0B
Short-term investments	$1.5B	$1.4B	$1.4B	$1.6B
Accounts receivable, net	$5.2B	$5.4B	$5.7B	$5.0B
Inventories	$7.8B	$7.5B	$7.7B	$8.1B
Prepaid expenses and other current assets	$2.2B	$2.3B	$2.2B	$2.2B
Total current assets	$23.7B	$23.2B	$24.0B	$23.9B
Property, plant and equipment, net	$4.9B	$4.8B	$4.8B	$4.9B
Operating lease right-of-use assets, net	$2.9B	$2.9B	$2.9B	$2.7B
Identifiable intangible assets, net	$259.0M	$259.0M	$259.0M	$259.0M
Goodwill	$240.0M	$240.0M	$240.0M	$240.0M
Deferred income taxes and other assets	$5.8B	$5.7B	$5.5B	$5.3B
TOTAL ASSETS	$37.8B	$37.1B	$37.8B	$37.3B
Current portion of long-term debt	$2.0B	$999.0M	$999.0M	—
Accounts payable	$3.4B	$2.9B	$3.7B	$3.8B
Current portion of operating lease liabilities	$473.0M	$493.0M	$513.0M	$506.0M
Accrued liabilities	$5.3B	$6.2B	$5.9B	$5.9B
Income taxes payable	$178.0M	$275.0M	$492.0M	$706.0M
Total current liabilities	$11.4B	$10.8B	$11.6B	$10.9B
Long-term debt	$5.9B	$7.0B	$7.0B	$8.0B
Operating lease liabilities	$2.7B	$2.7B	$2.8B	$2.6B
Deferred income taxes and other liabilities	$2.6B	$2.5B	$2.3B	$2.4B
Redeemable preferred stock	$0	$0	$0	$0
Common stock at stated value	$3.0M	$3.0M	$3.0M	$3.0M
Capital in excess of stated value	$15.3B	$14.9B	$14.7B	$14.5B
Accumulated other comprehensive income (loss)	($39.0M)	($207.0M)	($104.0M)	($308.0M)
Retained earnings (deficit)	($56.0M)	($610.0M)	($519.0M)	($700.0M)
Total shareholders' equity	$15.2B	$14.1B	$14.1B	$13.5B
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$37.8B	$37.1B	$37.8B	$37.3B

Cash flow statement

Nike Inc. cash flow statement, fiscal years

Line item	May 31, 2026 · FY	May 31, 2025 · FY	May 31, 2024 · FY	May 31, 2023 · FY
Net income	$3.1B	$3.2B	$5.7B	$5.1B
Depreciation and amortization	$747.0M	$775.0M	—	—
Deferred income taxes	($96.0M)	($288.0M)	($497.0M)	($117.0M)
Stock-based compensation	$715.0M	$709.0M	$804.0M	$755.0M
Impairment and other	$50.0M	$33.0M	—	—
Net foreign currency adjustments	$22.0M	$37.0M	($138.0M)	($213.0M)
(Increase) decrease in accounts receivable	($1.2B)	($257.0M)	($329.0M)	$489.0M
(Increase) decrease in inventories	($31.0M)	$120.0M	$908.0M	($133.0M)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	$519.0M	($224.0M)	($260.0M)	($644.0M)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	($959.0M)	($426.0M)	$397.0M	($225.0M)
Cash provided (used) by operations	$2.9B	$3.7B	$7.4B	$5.8B
Purchases of short-term investments	($1.3B)	($3.2B)	($4.8B)	($6.1B)
Maturities of short-term investments	$556.0M	$319.0M	$2.3B	$3.4B
Sales of short-term investments	$1.0B	$3.1B	$4.2B	$4.2B
Additions to property, plant and equipment	($684.0M)	($430.0M)	($812.0M)	($969.0M)
Other investing activities	($65.0M)	$8.0M	($15.0M)	$52.0M
Cash provided (used) by investing activities	($488.0M)	($275.0M)	$894.0M	$564.0M
Repayment of borrowings	$0	($1.0B)	$0	($500.0M)
Proceeds from exercise of stock options and other stock issuances	$354.0M	$551.0M	$667.0M	$651.0M
Repurchase of common stock	($146.0M)	($3.0B)	($4.3B)	($5.5B)
Dividends — common and preferred	($2.4B)	($2.3B)	($2.2B)	($2.0B)
Other financing activities	($93.0M)	($85.0M)	($136.0M)	($102.0M)
Cash provided (used) by financing activities	($2.3B)	($5.8B)	($5.9B)	($7.4B)
Effect of exchange rate changes on cash and equivalents	$11.0M	$1.0M	($16.0M)	($91.0M)
Net increase (decrease) in cash and equivalents	$99.0M	($2.4B)	$2.4B	($1.1B)
Cash and equivalents, beginning of year	$7.5B	$9.9B	$7.4B	$8.6B
CASH AND EQUIVALENTS, END OF YEAR	$7.6B	$7.5B	$9.9B	$7.4B
Interest, net of capitalized interest	$323.0M	$389.0M	$381.0M	$347.0M
Non-cash additions to property, plant and equipment	$174.0M	$184.0M	$160.0M	$211.0M
Dividends declared and not paid	$614.0M	$593.0M	$558.0M	$524.0M

Nike Inc. cash flow statement, quarters

Line item	Aug 31, 2026 · Q1	Feb 28, 2026 · YTD	Nov 30, 2025 · YTD	Aug 31, 2025 · Q1
Net income	$712.0M	$2.0B	$1.5B	$727.0M
Depreciation and amortization	$193.0M	$554.0M	$369.0M	$190.0M
Deferred income taxes	($67.0M)	($132.0M)	($68.0M)	($25.0M)
Stock-based compensation	$158.0M	$555.0M	$361.0M	$185.0M
Impairment and other	$9.0M	$40.0M	$9.0M	$8.0M
Net foreign currency adjustments	($24.0M)	$1.0M	$54.0M	$34.0M
(Increase) decrease in accounts receivable	$695.0M	($623.0M)	($1.0B)	($215.0M)
(Increase) decrease in inventories	($312.0M)	$24.0M	($257.0M)	($610.0M)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	($10.0M)	$260.0M	$111.0M	($165.0M)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	($1.2B)	($1.5B)	($276.0M)	$93.0M
Cash provided (used) by operations	$135.0M	$1.2B	$801.0M	$222.0M
Purchases of short-term investments	($407.0M)	($889.0M)	($636.0M)	($355.0M)
Maturities of short-term investments	$36.0M	$478.0M	$395.0M	$209.0M
Sales of short-term investments	$378.0M	$744.0M	$536.0M	$294.0M
Additions to property, plant and equipment	($199.0M)	($546.0M)	($400.0M)	($207.0M)
Cash provided (used) by investing activities	($192.0M)	($276.0M)	($108.0M)	($59.0M)
Proceeds from exercise of stock options and other stock issuances	$0	$251.0M	$234.0M	$127.0M
Repurchase of common stock	$0	($146.0M)	($146.0M)	($126.0M)
Dividends — common and preferred	($610.0M)	($1.8B)	($1.2B)	($591.0M)
Other financing activities	($8.0M)	($81.0M)	($72.0M)	($7.0M)
Cash provided (used) by financing activities	($618.0M)	($1.8B)	($1.2B)	($598.0M)
Effect of exchange rate changes on cash and equivalents	$15.0M	$19.0M	($6.0M)	($5.0M)
Net increase (decrease) in cash and equivalents	($660.0M)	($804.0M)	($490.0M)	($440.0M)
Cash and equivalents, beginning of period	$7.6B	$7.5B	$7.5B	$7.5B
CASH AND EQUIVALENTS, END OF PERIOD	$6.9B	$6.7B	$7.0B	$7.0B
Non-cash additions to property, plant and equipment	$225.0M	$67.0M	$107.0M	$101.0M
Dividends declared and not paid	$613.0M	$611.0M	$611.0M	$594.0M

Nike Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.