Nike posted net earnings of $5.7 billion in fiscal year 2024, down from a peak of $6.0 billion in FY2022. Profit margins are under pressure as the company cuts prices to clear excess inventory and funds a strategic reset that includes rebuilding its wholesale distribution network after years of pullback.
Annual Earnings Of Nike
| Fiscal Year |
Net Earnings (USD) |
YoY Change |
| FY2016 | $3.8B | — |
| FY2017 | $4.2B | +10.5% |
| FY2018 | $1.9B | −54.8% |
| FY2019 | $4.0B | +110.5% |
| FY2020 | $2.5B | −37.5% |
| FY2021 | $5.1B | +104.0% |
| FY2022 | $6.0B | +17.6% |
| FY2023 | $5.1B | −15.0% |
| FY2024 | $5.7B | +11.8% |
| FY2025 | $3.0B | −47.4% |
Nike P/E Ratio
| Fiscal Year |
P/E Ratio |
YoY Change |
| FY2016 | 27.4x | — |
| FY2017 | 24.8x | −9.5% |
| FY2018 | 62.4x | +151.6% |
| FY2019 | 36.8x | −41.0% |
| FY2020 | 79.6x | +116.3% |
| FY2021 | 53.1x | −33.3% |
| FY2022 | 27.0x | −49.2% |
| FY2023 | 30.9x | +14.4% |
| FY2024 | 18.7x | −39.5% |
| FY2025 | 31.4x | +67.9% |
