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Feb 28
Nike Q3 2025 Earnings Report
Nike reported a revenue decline and lower net income for Q3 2025.
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
Revenue by Segment
Nike Brand Revenue
CapyFin.comConverse Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comGreater China Revenue
CapyFin.comAPLA Revenue
CapyFin.comGlobal Brand Divisions Revenue
CapyFin.com 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