financial statements

The full income statement, balance sheet, and cash-flow statement for Nike Inc. (NKE), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofMay 31 ’25	as ofMay 31 ’24	as ofMay 31 ’23	as ofMay 31 ’22	as ofMay 31 ’21
Revenue	46.3B YoY-9.8%	51.4B YoY+0.3%	51.2B YoY+9.6%	46.7B YoY+4.9%	44.5B YoY+19.1%
	19.8B YoY-13.5%	22.9B YoY+2.7%	22.3B YoY+3.8%	21.5B YoY+7.6%	20.0B YoY+22.9%
Cost of revenue	26.5B YoY-6.9%	28.5B YoY-1.6%	28.9B YoY+14.6%	25.2B YoY+2.7%	24.6B YoY+16.1%
Selling, general & administrative	16.1B YoY-2.9%	16.6B YoY+1.2%	16.4B YoY+10.6%	14.8B YoY+13.7%	13.0B YoY-0.8%
General & administrative	11.4B YoY-7.3%	12.3B YoY-0.2%	12.3B YoY+12.4%	11.0B YoY+10.5%	9.91B YoY+4.0%
Restructuring	—	443M	—	—	—
Interest & investment income	404M YoY-6.0%	430M YoY+44.8%	297M YoY+216.0%	94.0M	—
Other non-operating income	76.0M YoY-66.7%	228M YoY-18.6%	280M YoY+54.7%	181M YoY+1392.9%	-14.0M YoY+89.9%
Pre-tax income	3.88B YoY-42.0%	6.70B YoY+8.0%	6.20B YoY-6.8%	6.65B YoY-0.2%	6.66B YoY+130.7%
Income tax	666M YoY-33.4%	1.00B YoY-11.6%	1.13B YoY+86.9%	605M YoY-35.2%	934M YoY+168.4%
Net income	3.22B YoY-43.5%	5.70B YoY+12.4%	5.07B YoY-16.1%	6.05B YoY+5.6%	5.73B YoY+125.6%
	$2.16 YoY-42.1%	$3.73 YoY+15.5%	$3.23 YoY-13.9%	$3.75 YoY+5.3%	$3.56 YoY+122.5%
EPS (basic)	$2.17 YoY-42.3%	$3.76 YoY+15.0%	$3.27 YoY-14.6%	$3.83 YoY+5.2%	$3.64 YoY+123.3%
Weighted-avg shares (basic)	1.48B YoY-2.2%	1.52B YoY-2.2%	1.55B YoY-1.7%	1.58B YoY+0.4%	1.57B YoY+0.9%
Weighted-avg shares (diluted)	1.49B YoY-2.8%	1.53B YoY-2.6%	1.57B YoY-2.5%	1.61B YoY+0.1%	1.61B YoY+1.1%
Dividends per share	$1.57 YoY+8.3%	$1.45 YoY+9.4%	$1.32 YoY+11.3%	$1.19 YoY+11.2%	$1.07 YoY+12.0%
Balance Sheet	as ofMay 31 ’25	as ofMay 31 ’24	as ofMay 31 ’23	as ofMay 31 ’22	as ofMay 31 ’21
	23.4B YoY-8.0%	25.4B YoY+0.7%	25.2B YoY-10.7%	28.2B YoY+7.3%	26.3B YoY+27.9%
Cash & equivalents	7.46B YoY-24.3%	9.86B YoY+32.5%	7.44B YoY-13.2%	8.57B YoY-13.3%	9.89B YoY+18.5%
Short-term investments	351M YoY+0.0%	351M YoY+0.0%	351M YoY+0.0%	351M YoY+0.0%	351M YoY+0.0%
Accounts receivable	4.72B YoY+6.6%	4.43B YoY+7.2%	4.13B YoY-11.5%	4.67B YoY+4.6%	4.46B YoY+62.3%
Inventory	2.71B YoY+0.0%	2.71B YoY+0.0%	2.71B YoY+0.0%	2.71B YoY+0.0%	2.71B YoY+0.0%
Prepaid expenses	2.00B YoY+8.1%	1.85B YoY-4.5%	1.94B YoY-8.8%	2.13B YoY+42.1%	1.50B YoY-9.4%
	36.6B YoY-4.0%	38.1B YoY+1.5%	37.5B YoY-6.9%	40.3B YoY+6.8%	37.7B YoY+20.4%
Property, plant & equipment	4.83B YoY-3.4%	5.00B YoY-1.6%	5.08B YoY+6.1%	4.79B YoY-2.3%	4.90B YoY+0.8%
Operating lease right-of-use	2.71B YoY-0.2%	2.72B YoY-7.0%	2.92B YoY-0.1%	2.93B YoY-6.0%	3.11B YoY+0.5%
Goodwill	240M YoY+0.0%	240M YoY-14.6%	281M YoY-1.1%	284M YoY+17.4%	242M YoY+8.5%
Intangible assets	259M YoY+0.0%	259M YoY-5.5%	274M YoY-4.2%	286M YoY+6.3%	269M YoY-1.8%
	10.6B YoY-0.3%	10.6B YoY+14.4%	9.26B YoY-13.7%	10.7B YoY+10.9%	9.67B YoY+16.8%
Accounts payable	3.48B YoY+22.0%	2.85B YoY-0.4%	2.86B YoY-14.8%	3.36B YoY+18.4%	2.84B YoY+26.2%
Accrued liabilities	5.91B YoY+3.2%	5.72B YoY+0.0%	5.72B YoY-8.0%	6.22B YoY+2.6%	6.06B YoY+17.0%
Short-term & current debt	0.00 YoY-100.0%	1.00B	0.00 YoY-100.0%	500M	0.00 YoY-100.0%
Current lease liability	502M YoY+5.2%	477M YoY+12.2%	425M YoY+1.2%	420M YoY-10.1%	467M YoY+4.9%
Long-term debt	7.96B YoY+0.7%	7.90B YoY-11.5%	8.93B YoY+0.1%	8.92B YoY-5.2%	9.41B YoY+0.1%
Non-current lease liability	2.55B YoY-0.6%	2.57B YoY-7.9%	2.79B YoY+0.3%	2.78B YoY-5.3%	2.93B YoY+0.6%
	13.2B YoY-8.4%	14.4B YoY+3.0%	14.0B YoY-8.4%	15.3B YoY+19.7%	12.8B YoY+58.5%
Additional paid-in capital	14.2B YoY+5.9%	13.4B YoY+8.0%	12.4B YoY+8.1%	11.5B YoY+15.2%	9.96B YoY+20.1%
Retained earnings	-727M YoY-175.3%	965M YoY-28.9%	1.36B YoY-60.9%	3.48B YoY+9.3%	3.18B YoY+1764.4%
Accumulated other comprehensive income	-258M YoY-586.8%	53.0M YoY-77.1%	231M YoY-27.4%	318M YoY+183.7%	-380M YoY-578.6%
Total equity incl. non-controlling	399M YoY+0.0%	399M YoY+0.0%	399M YoY+0.0%	399M YoY+0.0%	399M YoY+0.0%
Total liabilities & equity	36.6B YoY-4.0%	38.1B YoY+1.5%	37.5B YoY-6.9%	40.3B YoY+6.8%	37.7B YoY+20.4%
Shares outstanding (cover)	855M YoY+0.0%	855M YoY+0.0%	855M YoY+0.0%	855M YoY+0.0%	855M YoY+0.0%
Cash Flow	as ofMay 31 ’25	as ofMay 31 ’24	as ofMay 31 ’23	as ofMay 31 ’22	as ofMay 31 ’21
	3.70B YoY-50.2%	7.43B YoY+27.2%	5.84B YoY+12.6%	5.19B YoY-22.1%	6.66B YoY+167.9%
Depreciation & amortization	775M YoY-2.6%	796M YoY+13.2%	703M YoY-2.0%	717M YoY-3.6%	744M YoY+3.2%
Share-based compensation	709M YoY-11.8%	804M YoY+6.5%	755M YoY+18.3%	638M YoY+4.4%	611M YoY+42.4%
Deferred income taxes	-288M YoY+42.1%	-497M YoY-324.8%	-117M YoY+82.0%	-650M YoY-68.8%	-385M YoY-1.3%
Change in receivables	257M YoY-21.9%	329M YoY+167.3%	-489M YoY-197.0%	504M YoY-68.6%	1.61B YoY+229.6%
Change in inventory	-120M YoY+86.8%	-908M YoY-782.7%	133M YoY-92.1%	1.68B YoY+430.6%	-507M YoY-127.3%
	-275M YoY-130.8%	894M YoY+58.5%	564M YoY+137.0%	-1.52B YoY+59.9%	-3.80B YoY-269.6%
Capital expenditure	430M YoY-47.0%	812M YoY-16.2%	969M YoY+27.8%	758M YoY+9.1%	695M YoY-36.0%
Sales/maturities of investments	319M YoY-85.9%	2.27B YoY-32.4%	3.36B YoY-59.1%	8.20B YoY+93.6%	4.24B YoY+5624.3%
Other investing activities	-8.00M YoY-153.3%	15.0M YoY+128.8%	-52.0M YoY-373.7%	19.0M YoY+111.1%	-171M YoY-451.6%
	-5.82B YoY+1.2%	-5.89B YoY+20.9%	-7.45B YoY-54.0%	-4.84B YoY-231.5%	-1.46B YoY-158.6%
Long-term debt issued	—	—	—	0.00	0.00 YoY-100.0%
Common stock repurchased	2.98B YoY-29.8%	4.25B YoY-22.4%	5.48B YoY+36.5%	4.01B YoY+560.2%	608M YoY-80.2%
Dividends paid	2.30B YoY+6.0%	2.17B YoY+7.8%	2.01B YoY+9.5%	1.84B YoY+12.1%	1.64B YoY+12.8%
Other financing activities	-85.0M YoY+37.5%	-136M YoY-33.3%	-102M YoY+32.5%	-151M YoY-11.0%	-136M YoY-161.5%
FX effect on cash	1.00M YoY+106.3%	-16.0M YoY+82.4%	-91.0M YoY+36.4%	-143M YoY-200.0%	143M YoY+316.7%
Net change in cash	-2.40B YoY-199.0%	2.42B YoY+313.5%	-1.13B YoY+13.8%	-1.31B YoY-185.3%	1.54B YoY-60.3%
Interest paid	389M YoY+2.1%	381M YoY+9.8%	347M YoY+19.7%	290M YoY-1.0%	293M YoY+109.3%
Income taxes paid	1.23B YoY-5.6%	1.30B YoY-14.4%	1.52B YoY+23.2%	1.23B YoY+4.6%	1.18B YoY+14.5%
Valuation Ratios	as ofMay 31 ’25	as ofMay 31 ’24	as ofMay 31 ’23	as ofMay 31 ’22	as ofMay 31 ’21
Market cap	51.8B YoY-36.3%	81.3B YoY-9.7%	90.0B YoY-11.4%	102B YoY-12.9%	117B YoY+38.4%
P/E	11.5× YoY-19.4%	14.3× YoY-19.7%	17.8× YoY+5.6%	16.8× YoY-50.6%	34.0× YoY+74.4%
P/S	1.1× YoY-31.5%	1.6× YoY-10.0%	1.8× YoY-19.2%	2.2× YoY-28.2%	3.0× YoY+48.4%
P/B	3.7× YoY-34.3%	5.6× YoY-12.4%	6.4× YoY-3.4%	6.7× YoY-32.0%	9.8× YoY+4.9%
P/FCF	9.8× YoY-20.6%	12.3× YoY-33.5%	18.5× YoY-19.5%	22.9× YoY-24.6%	30.4× YoY+23.7%
Earnings yield	8.7% YoY+24.1%	7.0% YoY+24.5%	5.6% YoY-5.3%	5.9% YoY+102.5%	2.9% YoY-42.6%
FCF yield	10.2% YoY+25.9%	8.1% YoY+50.4%	5.4% YoY+24.2%	4.4% YoY+32.7%	3.3% YoY-19.2%
Dividend yield	2.6% YoY+69.9%	1.5% YoY+21.2%	1.3% YoY+25.7%	1.0% YoY+27.7%	0.8% YoY-19.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: NKE's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NKE filings on SEC EDGAR → Not investment advice.

NKE▼ financial statements

About this data

financial statements