Nike reported revenue of $46.3 billion for fiscal year 2025, down 10% year over year — its steepest annual decline in over a decade. The company has been cutting wholesale accounts and rebuilding its retail partnerships under a strategic reset initiated by returning CEO Elliott Hill in late 2024.
Nike Revenue
Nike Annual Revenue
| Fiscal Year | Revenue (USD) | YoY Change |
|---|---|---|
| FY2016 | $32.4B | — |
| FY2017 | $34.4B | +6.2% |
| FY2018 | $36.4B | +5.8% |
| FY2019 | $39.1B | +7.4% |
| FY2020 | $37.4B | −4.4% |
| FY2021 | $44.5B | +19.0% |
| FY2022 | $46.7B | +4.9% |
| FY2023 | $51.2B | +9.6% |
| FY2024 | $51.4B | +0.3% |
| FY2025 | $46.3B | −9.9% |