Nike Inc. Reports 10% Drop in Fiscal 2025 Revenues to $46.3 Billion, Misses Previous Year's $51.4 Billion

Reuters
18 Jul
Nike Inc. Reports 10% Drop in Fiscal 2025 Revenues to $46.3 Billion, Misses Previous Year's $51.4 Billion

Nike Inc. has released its financial results for the fiscal year ended May 31, 2025. The company reported a net income of $3.219 billion, a decrease from $5.700 billion in the previous fiscal year. The earnings before interest and taxes $(EBIT)$ for fiscal 2025 stood at an adjusted figure that includes a net interest expense of $107 million and an income tax expense of $666 million. Management has noted that the percent change excluding currency fluctuations is a non-GAAP financial measure, providing insight into the company's underlying business trends without the impact of foreign exchange rate fluctuations. Additionally, Nike's global brand divisions, which include licensing and miscellaneous revenues outside geographic operating segments, continue to contribute to the company's overall revenue. Nike has also highlighted a significant operational update: starting in fiscal 2025, the company has ceased using the non-GAAP financial measure of wholesale equivalent revenues with the ongoing implementation of a new Enterprise Resource Planning Platform. This change does not affect reported revenues or gross margin, and prior year amounts have been recast to align with the fiscal 2025 presentation. The company has not provided specific forward-looking guidance within the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nike Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000320187-25-000047), on July 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10