NIKE, Inc. (NKE) closed fiscal year 2026 with a gross margin of 42.9 % and a net margin of 6.7 %.
NIKE, Inc. (NKE) closed fiscal year 2026 with a gross margin of 42.9 % and a net margin of 6.7 %. The same year shows an EBITDA margin of 9.9 % and an EBIT margin of 8.2 %. The free cash flow margin was 4.7 %. Against the previous year the gross margin moved +0.2 pp and the net margin −0.3 pp. Across the period the gross margin ranges between 42.7 % in 2025 and 46.3 % in 2010. The series covers 19 fiscal years, from 2008 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: May
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 45.03 % | 44.87 % | 46.28 % | 45.74 % | 43.50 % | 43.59 % | 44.77 % | 45.97 % | 46.24 % | 44.58 % | 43.84 % | 44.67 % | 43.42 % | 44.82 % | 45.98 % | 43.52 % | 44.56 % | 42.73 % | 42.91 % |
| EBITDA margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.23 % | 13.93 % | 9.74 % | 9.90 % |
| EBIT margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11.55 % | 12.29 % | 7.99 % | 8.18 % |
| Net margin (%) | 10.11 % | 7.75 % | 10.03 % | 10.60 % | 9.48 % | 9.77 % | 9.69 % | 10.70 % | 11.61 % | 12.34 % | 5.31 % | 10.30 % | 6.79 % | 12.86 % | 12.94 % | 9.90 % | 11.10 % | 6.95 % | 6.70 % |
| FCF margin (%) | 7.98 % | 6.68 % | 14.88 % | 6.86 % | 5.40 % | 9.62 % | 7.67 % | 12.15 % | 6.97 % | 7.98 % | 10.79 % | 12.23 % | 3.74 % | 13.39 % | 9.48 % | 9.51 % | 12.88 % | 7.06 % | 4.71 % |
