Nike stock holds firm as fiscal 2025 sales and margin reset

Nike stock tracks a tougher fiscal 2025 base after $46.3 billion in revenue, $3.2 billion in net income, and a 42.7% gross margin shift tied to the latest annual figures.

Nike (US6541061031) stock is anchored by fiscal 2025 figures that show $46.3 billion in revenue, $3.2 billion in net income, and a 42.7% gross margin. Those numbers give investors a clear reference point even without a fresh market print in this call.

Fiscal 2025 sets the frame

The latest annual numbers matter most for valuation work: revenue reached $46.3 billion in fiscal 2025, while net income was $3.2 billion and gross margin stood at 42.7%. The comparison is the key signal, because the company is now being measured against a year defined by lower profitability than its peak years.

For a consumer brand of Nike's scale, the margin line is the most important variable in the near term. A gross margin in the low 40s means small changes in product mix, discounts, and inventory discipline can move earnings faster than top-line growth alone.

Revenue and profit split

The annual revenue base of $46.3 billion remains large enough to absorb short-term swings in demand, but the $3.2 billion net income figure shows how much of that scale translates into profit. That spread is what makes the earnings quality debate more relevant than simple sales growth.

Nike's fiscal 2025 margin of 42.7% also helps explain why investors focus on pricing power and inventory control. In a business built on brand strength, even a fraction of a percentage point in gross margin can change the earnings outlook.

Product mix still matters

Nike's core footwear and apparel mix remains the operational lever that feeds those annual numbers. When product launches, channel mix, and discounting shift together, the effect reaches both revenue and the 42.7% gross margin line.

That is why the business is read best through the annual report rather than a single headline. Revenue at $46.3 billion, net income at $3.2 billion, and gross margin at 42.7% already define the main range of debate for the stock.

Stock level and market lens

The stock paragraph is intentionally framed around the latest evidenced fundamentals because no dated quote appears in this call. For Nike stock, the important market question is whether earnings quality can hold closer to the fiscal 2025 margin level while sales stay near the $46.3 billion scale.

The investment case therefore rests on whether profit can rebuild faster than revenue, not on brand awareness alone. A $3.2 billion profit base leaves room for improvement, but only if margin discipline remains intact in the next reporting cycle.

Nike stock facts

• Company: Nike, Inc.
• ISIN: US6541061031
• Ticker: NYSE: NKE
• Trading venue: NYSE
• Sector / Industry: Consumer Discretionary / Footwear & Accessories
• Index membership: S&P 500
• Next earnings date: 2026