Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Nike Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Aug 31, 2024 May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Revenues 11,589 12,606 12,429 13,388 12,939 12,825 12,390 13,315 12,687 12,234 10,871 11,357 12,248 12,344 10,357 11,243 10,594 6,313 10,104 10,326 10,660 10,184 9,611 9,374 9,948
Cost of sales (6,332) (6,972) (6,867) (7,417) (7,219) (7,230) (7,019) (7,604) (7,072) (6,731) (5,804) (6,144) (6,552) (6,689) (5,638) (6,396) (5,853) (3,960) (5,631) (5,782) (5,789) (5,551) (5,272) (5,269) (5,551)
Gross profit 5,257 5,634 5,562 5,971 5,720 5,595 5,371 5,711 5,615 5,503 5,067 5,213 5,696 5,655 4,719 4,847 4,741 2,353 4,473 4,544 4,871 4,633 4,339 4,105 4,397
Demand creation expense (1,226) (1,091) (1,011) (1,114) (1,069) (1,092) (923) (1,102) (943) (1,061) (854) (1,017) (918) (997) (711) (729) (677) (823) (870) (881) (1,018) (1,014) (865) (910) (964)
Operating overhead expense (2,822) (2,997) (3,215) (3,032) (3,047) (3,282) (3,036) (3,022) (2,977) (2,974) (2,584) (2,742) (2,654) (2,745) (2,330) (2,538) (2,298) (2,368) (2,413) (2,443) (2,310) (2,392) (2,226) (2,232) (2,099)
Selling and administrative expense (4,048) (4,088) (4,226) (4,146) (4,116) (4,374) (3,959) (4,124) (3,920) (4,035) (3,438) (3,759) (3,572) (3,742) (3,041) (3,267) (2,975) (3,191) (3,283) (3,324) (3,328) (3,406) (3,091) (3,142) (3,063)
Operating income 1,209 1,546 1,336 1,825 1,604 1,221 1,412 1,587 1,695 1,468 1,629 1,454 2,124 1,913 1,678 1,580 1,766 (838) 1,190 1,220 1,543 1,227 1,248 963 1,334
Interest income (expense), net 43 53 52 22 34 28 7 (16) (13) (40) (53) (55) (57) (63) (64) (70) (65) (50) (12) (12) (15) (12) (12) (14) (11)
Other income (expense), net 55 127 16 75 10 (3) 58 79 146 (54) 94 102 39 4 22 (54) 14 84 (297) 41 33 28 55 48 (53)
Income before income taxes 1,307 1,726 1,404 1,922 1,648 1,246 1,477 1,650 1,828 1,374 1,670 1,501 2,106 1,854 1,636 1,456 1,715 (804) 881 1,249 1,561 1,243 1,291 997 1,270
Income tax expense (256) (226) (232) (344) (198) (215) (237) (319) (360) 65 (274) (164) (232) (345) (187) (205) (197) 14 (34) (134) (194) (254) (190) (150) (178)
Net income 1,051 1,500 1,172 1,578 1,450 1,031 1,240 1,331 1,468 1,439 1,396 1,337 1,874 1,509 1,449 1,251 1,518 (790) 847 1,115 1,367 989 1,101 847 1,092

Based on: 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Nike Inc. revenues increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
Operating income The net result for the period of deducting operating expenses from operating revenues. Nike Inc. operating income increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Nike Inc. income before income taxes increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Nike Inc. net income increased from Q3 2024 to Q4 2024 but then decreased significantly from Q4 2024 to Q1 2025.