Nike Q3 2025 Earnings Report
Key Takeaways
Nike's third-quarter fiscal 2025 results showed a 9% year-over-year decline in revenue to $11.27 billion, driven by lower sales across all regions. Net income fell 32% to $794 million, and gross margin contracted to 41.5%. The company's diluted EPS was $0.54, while non-GAAP EPS excluding restructuring charges was not applicable this quarter. Operating income also declined significantly.
Revenue decreased by 9% year-over-year to $11.27 billion.
Net income dropped 32% to $794 million.
Gross margin fell to 41.5%, down 330 basis points.
Nike Direct revenues declined by 12%, impacted by digital sales decrease.
Nike
Nike
Nike Revenue by Segment
Nike Revenue by Geographic Location
Forward Guidance
Nike maintains its guidance for the second half of fiscal 2025 with a focus on driving brand momentum and product innovation amid a dynamic market.
Positive Outlook
- Strong product innovation pipeline expected.
- Renewed brand momentum through athlete storytelling.
- Continued investment in digital transformation.
- Focus on efficiency and cost optimization.
- Consistent shareholder returns including dividends and buybacks.
Challenges Ahead
- Ongoing inventory challenges across regions.
- Persistent discounting affecting margins.
- Continued weakness in digital sales channels.
- Currency headwinds impacting reported results.
- Macroeconomic uncertainty remains a risk factor.
Revenue & Expenses
Visualization of income flow from segment revenue to net income