NKE Nike margins

Relative Growth: Rel. Growth: 33

Relative Strength: Rel. Strength: 9

Relative Valuation: Rel. Valuation: 67

Relative Profitability: Rel. Profitability: 62

Gross margin

42.9%

Operating margin

8.2%

EBITDA margin

9.9%

Net margin

6.7%

Using the latest TTM figures, Nike shows a gross margin of 42.9%, an operating margin of 8.2%, an EBITDA margin of 9.9%, and a net margin of 6.7%. Margin expansion was strongest in gross margin, which increased by 0.2 percentage points. Net margin had the strongest contraction, declining by 0.3 percentage points.

NKE margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Nike recorded average margins of 43.23% gross, 9.55% operating, 11.34% EBITDA, and 8.33% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.

NKE margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, gross margin expanded by 0.2 percentage points, operating margin by 0.2 percentage points, and EBITDA margin by 0.1 percentage points, while net margin contracted by 0.3 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

0.2pp

EBITDA margin expansion

0.1pp

Net margin expansion

-0.3pp

NKE Gross margin

Nike's gross margin averaged 43.23% during the last 3 years. Compared with its three-year average, Nike's current gross margin is 42.9% and is 0.3 percentage points below its three-year average. Over the last 3 years, Nike's gross margin peaked at 44.8% in Aug 2024 and reached a low of 40.8% in Feb 2026.

NKE Operating margin

In the last 3 years, Nike had an average operating margin of 9.55%. Compared with its three-year average, Nike's current operating margin is 8.2% and is 1.4 percentage points below its three-year average. Looking back over the last 3 years, Nike's operating margin reached 12.3% at its highest point in May 2024 and 6% at its lowest in Feb 2026.

NKE EBITDA margin

Over the last 3 years, the average EBITDA margin for Nike was 11.34%. The latest EBITDA margin for Nike is 9.9%, 1.4 percentage points below its three-year average. Nike's EBITDA margin ranged from a low of 7.7% in Feb 2026 to a high of 14.3% in May 2024.

NKE Net margin

Reviewing the last 3 years, Nike recorded an average net margin of 8.33%. Nike's current net margin is 6.7% and is 1.6 percentage points below its three-year average. The highest net margin for Nike was 11.1% in May 2024, while the lowest was 4.8% in Feb 2026.

NKE margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 42.9%, NKE is above the Consumer Cyclical sector average but below the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Nike's gross margin is 18% higher.

NKE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Nike's gross margin?

The current gross margin for NKE is 42.9% as of May 31, 2026.

What is Nike's operating margin?

The current operating margin for NKE is 8.2% as of May 31, 2026.

What is Nike's EBITDA margin?

For the period ending May 31, 2026, NKE recorded an EBITDA margin of 9.9%.

What is Nike's net margin?

As of May 31, 2026, NKE has a net margin of 6.7%.

What are the average margins of NKE?

Nike's average margins over the last 3 years were 43.2% gross, 9.6% operating, 11.3% EBITDA, and 8.3% net.

What are the highest historical margins of NKE?

In the last 5 years, the highest margins reported by NKE were 46.2% gross in Feb 2022, 15.5% operating in Nov 2021, 17.4% EBITDA in Feb 2022, and 13.3% net in Nov 2021.

What are the lowest historical margins of NKE?

In the last 5 years, the lowest margins reported by NKE were 40.8% gross in Feb 2026, 6% operating in Feb 2026, 7.7% EBITDA in Feb 2026, and 4.8% net in Feb 2026.