Filing Flows › Nike (NKE) › Gross margin
Nike (NKE) gross margin by quarter
Nike's gross margin was 42.8% in Q1 FY27 (first quarter fiscal 2027), -6.4 pts from Q4 FY26. Over the last 7 quarters it ranged from 40.2% (Q3 FY26) to 49.2% (Q4 FY26).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 42.8% | -6.4 pts | +0.6 pts |
| Q4 FY26 | 49.2% | +9.0 pts | +8.9 pts |
| Q3 FY26 | 40.2% | -0.4 pts | -1.3 pts |
| Q2 FY26 | 40.6% | -1.6 pts | — |
| Q1 FY26 | 42.2% | +1.9 pts | — |
| Q4 FY25 | 40.3% | -1.2 pts | — |
| Q3 FY25 | 41.5% | — | — |
Q1 FY27 at a glance
Nike, Q1 FY27: revenue $11.2B (-4% year over year), operating margin 8.2%, net earnings $712M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
Questions
What is Nike's gross margin?
Nike's gross margin was 42.8% in Q1 FY27 (first quarter fiscal 2027), -6.4 pts from Q4 FY26.
How has Nike's gross margin changed?
Over the last 7 quarters it ranged from 40.2% (Q3 FY26) to 49.2% (Q4 FY26).