Filing Flows › Nike (NKE) › Operating margin
Nike (NKE) operating margin by quarter
Nike's operating margin was 8.2% in Q1 FY27 (first quarter fiscal 2027), -3.9 pts from Q4 FY26. Over the last 7 quarters it ranged from 2.9% (Q4 FY25) to 12.1% (Q4 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q1 FY27 | 8.2% | -3.9 pts | +0.3 pts |
| Q4 FY26 | 12.1% | +6.3 pts | +9.2 pts |
| Q3 FY26 | 5.8% | -2.3 pts | -1.7 pts |
| Q2 FY26 | 8.0% | +0.2 pts | — |
| Q1 FY26 | 7.9% | +5.0 pts | — |
| Q4 FY25 | 2.9% | -4.6 pts | — |
| Q3 FY25 | 7.5% | — | — |
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 operating margin?
Nike's operating margin was 8.2% in Q1 FY27 (first quarter fiscal 2027), -3.9 pts from Q4 FY26.
How has Nike's operating margin changed?
Over the last 7 quarters it ranged from 2.9% (Q4 FY25) to 12.1% (Q4 FY26).