Nike Q1 FY26: 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
- Jun 1 – Aug 31, 2025
- Reported
- Oct 1, 2025
Revenue$11.72B
+1% year over year
Gross profit$4.94B
42% margin
Operating profit$0.93B
8% margin
Net profit$0.73B
6% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.72 | 100% | +1% |
| Footwear | 7.73 | 66% | −2% |
| Apparel | 3.32 | 28% | +9% |
| Sporting equipment | 0.64 | 6% | +4% |
| Product & service other | 0.03 | 0% | +0% |
| Cost of revenue | −6.78 | 58% | |
| Gross profit | 4.94 | 42% margin | −3pp |
| SG&A | −4.02 | 34% | −1pp |
| Operating profit | 0.93 | 8% margin | +0pp |
| Tax | −0.20 | ||
| Net profit | 0.73 | 6% margin | −3pp |
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