What is NIKE's EBITDA margin?

Latest reported EBITDA margin for NIKE (NKE) is 7.16% as of the trailing twelve months (TTM) ending February 28, 2026.

How has NIKE EBITDA margin changed year-over-year?

NIKE (NKE) EBITDA margin changed −4.2 percentage points year-over-year on the latest annual filing.

When did NIKE EBITDA margin hit its highest annual value?

NIKE EBITDA margin reached its highest annual value of 18.51% in 1990.

What was NIKE EBITDA margin in 2024?

NIKE (NKE) EBITDA margin in 2024 was 13.93%.

What was NIKE EBITDA margin in 2025?

NIKE (NKE) EBITDA margin in 2025 was 9.74%.

NIKE (NKE) EBITDA Margin — Annual & Quarterly %

TTM

7.2%

YoY change

−4.19pp

Trough year (2025)

9.7%

Peak year (1990)

18.5%

EBITDA Margin history chart for NIKE (NKE) from 1986 to 2025

Latest: 9.7%

EBITDA Margin change chart for NIKE (NKE) from 1986 to 2025

Latest: −4.19pp

EBITDA Margin history table for NIKE (NKE) from 1986 to 2025


2025	9.7%	-4.19pp	May 31, 2025	Jul 17, 2025
2024	13.9%	+0.70pp	May 31, 2024	Jul 25, 2024
2023	13.2%	-2.86pp	May 31, 2023	Jul 20, 2023
2022	16.1%	-1.28pp	May 31, 2022	Jul 21, 2022
2021	17.4%	+6.04pp	May 31, 2021	Jul 20, 2021
2020	11.3%	-2.72pp	May 31, 2020	Jul 24, 2020
2019	14.0%	-0.30pp	May 31, 2019	Jul 23, 2019
2018	14.3%	-1.57pp	May 31, 2018	Jul 25, 2018
2017	15.9%	-0.04pp	May 31, 2017	Jul 20, 2017
2016	16.0%	+0.19pp	May 31, 2016	Jul 21, 2016
2015	15.8%	+0.42pp	May 31, 2015	Jul 23, 2015
2014	15.3%	+0.57pp	May 31, 2014	Jul 25, 2014
2013	14.8%	-0.08pp	May 31, 2013	Jul 23, 2013
2012	14.9%	-1.05pp	May 31, 2012	Jul 24, 2012
2011	15.9%	+0.81pp	May 31, 2011	Jul 22, 2011
2010	15.1%	+0.29pp	May 31, 2010	Jul 20, 2010
2009	14.8%	+0.01pp	May 31, 2009	Jul 27, 2009
2008	14.8%	+0.08pp	May 31, 2008	Jul 28, 2008
2007	14.7%	-1.34pp	May 31, 2007	Jul 27, 2007
2006	16.0%	+0.17pp	May 31, 2006	Jul 28, 2006
2005	15.9%	+0.67pp	May 31, 2005	Jul 29, 2005
2004	15.2%	+1.26pp	May 31, 2004	Jul 30, 2004
2003	13.9%	+0.56pp	May 31, 2003	Aug 7, 2003
2002	13.4%	+0.44pp	May 31, 2002	Aug 14, 2002
2001	12.9%	-0.49pp	May 31, 2001	Aug 9, 2001
2000	13.4%	+1.07pp	May 31, 2000	Aug 29, 2000
1999	12.4%	+0.88pp	May 31, 1999	Aug 26, 1999
1998	11.5%	-5.37pp	May 31, 1998	Aug 26, 1998
1997	16.9%	-0.27pp	May 31, 1997	Aug 29, 1997
1996	17.1%	+0.82pp	May 31, 1996	Aug 30, 1996
1995	16.3%	+1.03pp	May 31, 1995	Aug 30, 1995
1994	15.3%	-2.08pp	May 31, 1994	May 31, 1994
1993	17.4%	-0.34pp	May 31, 1993	May 31, 1993
1992	17.7%	+0.26pp	May 31, 1992	May 31, 1992
1991	17.4%	-1.08pp	May 31, 1991	May 31, 1991
1990	18.5%	+1.21pp	May 31, 1990	May 31, 1990
1989	17.3%	+3.39pp	May 31, 1989	May 31, 1989
1988	13.9%	+3.87pp	May 31, 1988	May 31, 1988
1987	10.0%	-3.76pp	May 31, 1987	May 31, 1987
1986	13.8%	—	May 31, 1986	May 31, 1986

20259.7%-4.19pp
202413.9%+0.70pp
202313.2%-2.86pp
202216.1%-1.28pp
202117.4%+6.04pp
202011.3%-2.72pp
201914.0%-0.30pp
201814.3%-1.57pp
201715.9%-0.04pp
201616.0%+0.19pp
201515.8%+0.42pp
201415.3%+0.57pp
201314.8%-0.08pp
201214.9%-1.05pp
201115.9%+0.81pp
201015.1%+0.29pp
200914.8%+0.01pp
200814.8%+0.08pp
200714.7%-1.34pp
200616.0%+0.17pp
200515.9%+0.67pp
200415.2%+1.26pp
200313.9%+0.56pp
200213.4%+0.44pp
200112.9%-0.49pp
200013.4%+1.07pp
199912.4%+0.88pp
199811.5%-5.37pp
199716.9%-0.27pp
199617.1%+0.82pp
199516.3%+1.03pp
199415.3%-2.08pp
199317.4%-0.34pp
199217.7%+0.26pp
199117.4%-1.08pp
199018.5%+1.21pp
198917.3%+3.39pp
198813.9%+3.87pp
198710.0%-3.76pp
198613.8%—

EBITDA Margin values are taken from NIKE's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at NIKE (NKE)

According to NIKE's latest reported financial statements, the company's latest reported EBITDA margin is 7.2%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending February 28, 2026 (reported April 1, 2026). Chart and table below cover the full reported history back to 1986.

NIKE (NKE) most recent annual EBITDA margin stands at 9.74% (2025) – contracted 4.2 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 18.51% in 1990 and its low of 9.74% in 2025.

NIKE EBITDA Margin by Year

NIKE EBITDA Margin 2025: 9.7%

NIKE posted EBITDA margin of 9.74% in 2025, contracted 4.2 percentage points from 2024. This figure represents the lowest annual value in the available history.

NIKE EBITDA Margin 2024: 13.9%

In 2024, NIKE reported EBITDA margin of 13.93%, expanded 0.7 percentage points from 2023.

NIKE EBITDA Margin 2023: 13.2%

NIKE EBITDA margin in 2023 was 13.23%, contracted 2.9 percentage points from 2022.

NIKE EBITDA Margin 2022: 16.1%

2022's EBITDA margin for NIKE came in at 16.09%, contracted 1.3 percentage points from 2021.

NIKE EBITDA Margin 2021: 17.4%

NIKE EBITDA margin in 2021 was 17.36%.

See more financial history for NIKE (NKE).

Sector peers by EBITDA Margin

Consumer Cyclical peers of NIKE (NKE), ranked by their latest EBITDA margin


McDonald's (MCD)	54.4%
Booking Holdings (BKNG)	34.4%
PDD Holdings (PDD)	30.3%
Amazon (AMZN)	23.1%
Alibaba (BABA)	14.1%
TJX Companies (TJX)	14.0%
Home Depot (HD)	13.9%
Tesla (TSLA)	10.7%

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