Nike Q3 FY25: where the revenue came from and where it went
The whole income statement of Nike for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Dec 1, 2024 – Feb 28, 2025
- Reported
- Apr 3, 2025
Revenue$11.27B
−9% year over year
Gross profit$4.68B
41% margin
Operating profit$0.79B
7% margin
Net profit$0.79B
7% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.27 | 100% | −9% |
| Footwear | 7.56 | 67% | −12% |
| Apparel | 3.22 | 29% | −3% |
| Sporting equipment | 0.48 | 4% | −2% |
| Product & service other | 0.01 | 0% | −57% |
| Cost of revenue | −6.59 | 59% | |
| Gross profit | 4.68 | 41% margin | −3pp |
| SG&A | −3.89 | 34% | +0pp |
| Operating profit | 0.79 | 7% margin | +0pp |
| Other income, net | 0.01 | ||
| Net profit | 0.79 | 7% margin | −2pp |
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