TTM
6.0%
YoY change
−4.29pp
Trough year (2025)
8.0%
Peak year (1990)
17.7%
Latest annual
8.0%
Operating Margin history chart for NIKE (NKE) from 1986 to 2025
Latest: 8.0%
Operating Margin change chart for NIKE (NKE) from 1986 to 2025
Latest: −4.29pp
Operating Margin history table for NIKE (NKE) from 1986 to 2025
| 2025 | 8.0% | -4.29pp | ||
| 2024 | 12.3% | +0.74pp | ||
| 2023 | 11.5% | -2.74pp | ||
| 2022 | 14.3% | -1.29pp | ||
| 2021 | 15.6% | +7.25pp | ||
| 2020 | 8.3% | -3.87pp | ||
| 2019 | 12.2% | -0.01pp | ||
| 2018 | 12.2% | -1.61pp | ||
| 2017 | 13.8% | -0.08pp | ||
| 2016 | 13.9% | +0.26pp | ||
| 2015 | 13.6% | +0.41pp | ||
| 2014 | 13.2% | +0.45pp | ||
| 2013 | 12.8% | -0.36pp | ||
| 2012 | 13.2% | -0.97pp | ||
| 2011 | 14.1% | +1.11pp | ||
| 2010 | 13.0% | +0.21pp | ||
| 2009 | 12.8% | -0.26pp | ||
| 2008 | 13.1% | +0.01pp | ||
| 2007 | 13.1% | -1.05pp | ||
| 2006 | 14.1% | +0.32pp | ||
| 2005 | 13.8% | +1.14pp | ||
| 2004 | 12.6% | +1.16pp | ||
| 2003 | 11.5% | +0.85pp | ||
| 2002 | 10.6% | -0.05pp | ||
| 2001 | 10.7% | -0.26pp | ||
| 2000 | 10.9% | +1.19pp | ||
| 1999 | 9.8% | +0.72pp | ||
| 1998 | 9.0% | -5.98pp | ||
| 1997 | 15.0% | -0.05pp | ||
| 1996 | 15.1% | +0.67pp | ||
| 1995 | 14.4% | +0.83pp | ||
| 1994 | 13.6% | -2.25pp | ||
| 1993 | 15.8% | -0.47pp | ||
| 1992 | 16.3% | +0.01pp | ||
| 1991 | 16.3% | -1.47pp | ||
| 1990 | 17.7% | +1.31pp | ||
| 1989 | 16.4% | +3.68pp | ||
| 1988 | 12.7% | +4.09pp | ||
| 1987 | 8.7% | -4.16pp | ||
| 1986 | 12.8% | — |
- 20258.0%-4.29pp
- 202412.3%+0.74pp
- 202311.5%-2.74pp
- 202214.3%-1.29pp
- 202115.6%+7.25pp
- 20208.3%-3.87pp
- 201912.2%-0.01pp
- 201812.2%-1.61pp
- 201713.8%-0.08pp
- 201613.9%+0.26pp
- 201513.6%+0.41pp
- 201413.2%+0.45pp
- 201312.8%-0.36pp
- 201213.2%-0.97pp
- 201114.1%+1.11pp
- 201013.0%+0.21pp
- 200912.8%-0.26pp
- 200813.1%+0.01pp
- 200713.1%-1.05pp
- 200614.1%+0.32pp
- 200513.8%+1.14pp
- 200412.6%+1.16pp
- 200311.5%+0.85pp
- 200210.6%-0.05pp
- 200110.7%-0.26pp
- 200010.9%+1.19pp
- 19999.8%+0.72pp
- 19989.0%-5.98pp
- 199715.0%-0.05pp
- 199615.1%+0.67pp
- 199514.4%+0.83pp
- 199413.6%-2.25pp
- 199315.8%-0.47pp
- 199216.3%+0.01pp
- 199116.3%-1.47pp
- 199017.7%+1.31pp
- 198916.4%+3.68pp
- 198812.7%+4.09pp
- 19878.7%-4.16pp
- 198612.8%—
Operating 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 Operating Margin at NIKE (NKE)
According to NIKE's latest reported financial statements, the company's latest reported operating margin is 6.0%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
NIKE (NKE) most recent annual operating margin stands at 7.99% (2025) – contracted 4.3 percentage points year-over-year.
The record annual operating margin stands at 17.74%, reached in 1990; the historical low of 7.99% was recorded in 2025.
NIKE Operating Margin by Year
NIKE Operating Margin 2025: 8.0%
NIKE operating margin in 2025 was 7.99%, contracted 4.3 percentage points from 2024. This figure represents the lowest annual value in the available history.
NIKE Operating Margin 2024: 12.3%
2024's operating margin for NIKE came in at 12.29%, expanded 0.7 percentage points from 2023.
NIKE Operating Margin 2023: 11.5%
NIKE posted operating margin of 11.55% in 2023, contracted 2.7 percentage points from 2022.
NIKE Operating Margin 2022: 14.3%
In 2022, NIKE reported operating margin of 14.29%, contracted 1.3 percentage points from 2021.
NIKE Operating Margin 2021: 15.6%
NIKE operating margin in 2021 was 15.58%.
See more financial history for NIKE (NKE).
Sector peers by Operating Margin
Consumer Cyclical peers of NIKE (NKE), ranked by their latest operating margin
| 46.0% | |
| 34.3% | |
| 22.2% | |
| 12.4% | |
| 12.4% | |
| 11.5% | |
| 5.8% | |
| 5.0% |
- 46.0%
- 22.2%
- 12.4%
- 12.4%
- 11.5%
- 5.8%
- 5.0%
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