Nike Q2 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
- Sep 1 – Nov 30, 2025
- Reported
- Dec 30, 2025
Revenue$12.43B
+1% year over year
Gross profit$5.05B
41% margin
Operating profit$1.01B
8% margin
Net profit$0.79B
6% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 12.43 | 100% | +1% |
| Footwear | 7.91 | 64% | −1% |
| Apparel | 3.92 | 32% | +4% |
| Sporting equipment | 0.56 | 4% | +1% |
| Product & service other | 0.04 | 0% | +76% |
| Cost of revenue | −7.38 | 59% | |
| Gross profit | 5.05 | 41% margin | −3pp |
| SG&A | −4.04 | 33% | +0pp |
| Operating profit | 1.01 | 8% margin | +0pp |
| Tax | −0.21 | ||
| Net profit | 0.79 | 6% margin | −3pp |
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