FINHUB Insights

NKE · Q2 FY26 · Sep 1 – Nov 30, 2025

Nike Q2 FY26: where the revenue came from and where it went

Nike Q2 FY26: revenue $12.4B (+1% year over year). Net profit $0.8B. Largest cohort Footwear $7.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Sep 1 – Nov 30, 2025
Reported
Dec 30, 2025 10-Q
Sankey diagram of Nike's income statement for Q2 FY26: revenue of $12.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$12.4B +1% year over year
Gross profit$5B 41% margin
Operating profit$1B 8% margin
Net profit$0.8B 6% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Nov 30, 2025).
ItemValueShare of revenueYear 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−7.460%
Gross profit541% margin−3pp
SG&A−1.233%+0pp
G&A−2.822%−1pp
Operating profit18% margin+0pp
Tax−0.2
Net profit0.86%−3pp
Filing on EDGAR More quarters of NKE

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters