Nike

NKE · Consumer Discretionary · Market cap $62.0B

Q3 FY26 Dec 1, 2025 – Feb 28, 2026 reported Apr 1, 2026

Revenue$11.3B +0% year over year

Gross profit$4.5B

Operating profit$0.6B

Net profit$0.5B 5% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Feb 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	11.3	100%	+0%
Footwear	7.6	67%	+0%
Apparel	3.2	28%	−1%
Sporting Equipment	0.5	4%	−2%
Cost of revenue	−6.7	59%
Gross profit	4.5	40% margin	−1pp
SG&A	−1.1	35%	+1pp
G&A	−2.9	26%	+1pp
Operating profit	0.6	5% margin	+0pp
Tax	−0.2
Net profit	0.5	5%	−2pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Nov 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	12.4	100%	+1%
Footwear	7.9	64%	−1%
Apparel	3.9	31%	+4%
Sporting Equipment	0.6	5%	+1%
Cost of revenue	−7.4	60%
Gross profit	5	41% margin	−3pp
SG&A	−1.2	33%	+0pp
G&A	−2.8	22%	−1pp
Operating profit	1	8% margin	+0pp
Tax	−0.2
Net profit	0.8	6%	−3pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Aug 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11.7	100%	+1%
Footwear	7.7	66%	−2%
Apparel	3.3	28%	+9%
Sporting Equipment	0.6	5%	+4%
Cost of revenue	−6.8	58%
Gross profit	4.9	42% margin	−3pp
SG&A	−1.2	34%	−1pp
G&A	−2.8	24%	+0pp
Operating profit	0.9	8% margin	+0pp
Tax	−0.2
Net profit	0.7	6%	−3pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Feb 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11.3	100%	−9%
Footwear	7.6	67%	−12%
Apparel	3.2	28%	−3%
Sporting Equipment	0.5	4%	−2%
Cost of revenue	−6.6	58%
Gross profit	4.7	41% margin	−3pp
SG&A	−1.1	34%	+0pp
G&A	−2.8	25%	−1pp
Operating profit	0.8	7% margin	+0pp
Net profit	0.8	7%	−2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26	Dec 1, 2025 – Feb 28, 2026	Apr 1, 2026	$11.3B	+0%	5%	$0.5B	5%
Q2 FY26	Sep 1 – Nov 30, 2025	Dec 30, 2025	$12.4B	+1%	8%	$0.8B	6%
Q1 FY26	Jun 1 – Aug 31, 2025	Oct 1, 2025	$11.7B	+1%	8%	$0.7B	6%
Q3 FY25	Dec 1, 2024 – Feb 28, 2025	Apr 3, 2025	$11.3B	−9%	7%	$0.8B	7%