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Operating Income for NIKE (NKE)

According to NIKE's latest reported financial statements, the company's current operating income (TTM) is $2.81B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

NIKE, Inc. logo
NIKE

NKE

TTM (last 4 quarters)

$2.81B

YoY change

-41.3%

5Y CAGR

+3.5%

Peak year (2021)

$6.94B

Cumulative operating income

$95.44B

Operating Income history chart for NIKE (NKE) from 1986 to 2025

Operating Income history table for NIKE (NKE) from 1986 to 2025

Fiscal yearPeriod endedReportedOperating IncomeYoY
2025$3.70B-41.3%
2024$6.31B+6.7%
2023$5.92B-11.4%
2022$6.67B-3.8%
2021$6.94B+122.7%
2020$3.12B-34.7%
2019$4.77B+7.4%
2018$4.45B-6.4%
2017$4.75B+5.5%
2016$4.50B+7.8%
2015$4.17B+13.5%
2014$3.68B+13.7%
2013$3.24B+5.5%
2012$3.07B+8.0%
2011$2.84B+14.8%
2010$2.47B+0.8%
2009$2.45B+0.9%
2008$2.43B+14.2%
2007$2.13B+1.1%
2006$2.11B+11.4%
2005$1.89B+22.2%
2004$1.55B+26.1%
2003$1.23B+16.8%
2002$1.05B+3.8%
2001$1.01B+3.0%
2000$984.90M+15.0%
1999$856.80M-0.8%
1998$863.80M-37.4%
1997$1.38B+41.5%
1996$975.30M+42.2%
1995$685.70M+33.4%
1994$514.20M-17.3%
1993$621.70M+12.1%
1992$554.60M+13.4%
1991$488.90M+23.3%
1990$396.60M+41.1%
1989$281.10M+83.2%
1988$153.40M+101.8%
1987$76.00M-44.6%
1986$137.10M

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

Analysis

The 2025 reading of NIKE (NKE) operating income is $3.70B – plunged 41.3% year-over-year.

NIKE operating income has recorded the values shown across consecutive periods, with a +3.5% compound annual growth rate over 2020–2025 (5 years).

Between 2021 and 2025, NIKE operating income plunged 46.6%, falling from $6.94B to $3.70B.

Across the available history, operating income reached its high of $6.94B in 2021 and its low of $76.00M in 1987.

NIKE (NKE) sits 9th of 8 Consumer Cyclical peers we track on this metric, against a peer median of $16.64B.

NIKE Operating Income by Year

NIKE Operating Income 2025: $3.70B

NIKE operating income in 2025 was $3.70B, plunged 41.3% below 2024.

NIKE Operating Income 2024: $6.31B

NIKE operating income in 2024 was $6.31B, grew 6.7% from 2023.

NIKE Operating Income 2023: $5.92B

NIKE operating income in 2023 was $5.92B, declined 11.4% below 2022.

NIKE Operating Income 2022: $6.67B

NIKE operating income in 2022 was $6.67B, edged down 3.8% below 2021.

NIKE Operating Income 2021: $6.94B

NIKE operating income in 2021 was $6.94B.

See more financial history for NIKE (NKE).

Sector peers — Operating Income

Companies in the same sector as NIKE, ranked by their latest operating income.

CompanyOperating IncomeSector
Alibaba Group Holding Limited (BABA)$140.91BConsumer Cyclical
PDD Holdings Inc. (PDD)$92.05BConsumer Cyclical
Amazon.com, Inc. (AMZN)$79.97BConsumer Cyclical
The Home Depot, Inc. (HD)$20.89BConsumer Cyclical
McDonald's Corporation (MCD)$12.39BConsumer Cyclical
Booking Holdings Inc. (BKNG)$9.28BConsumer Cyclical
The TJX Companies, Inc. (TJX)$7.18BConsumer Cyclical
Tesla, Inc. (TSLA)$4.36BConsumer Cyclical

Frequently asked questions

What is NIKE's operating income?

Latest reported operating income for NIKE (NKE) is $2.81B (period ending February 28, 2026).

How has NIKE operating income changed year-over-year?

NIKE (NKE) operating income changed -41.3% year-over-year on the latest annual filing.

What is the long-term growth rate of NIKE operating income?

NIKE (NKE) operating income compound annual growth rate is +3.5% over the most recent 5 years available.

When did NIKE operating income hit its highest annual value?

NIKE operating income reached its highest annual value of $6.94B in 2021.

What was NIKE operating income in 2024?

NIKE (NKE) operating income in 2024 was $6.31B.

What was NIKE operating income in 2025?

NIKE (NKE) operating income in 2025 was $3.70B.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.