NKE Q1 2027 Earnings — Income Statement Breakdown
For its Q1 2027 period (ending 2026-08-31), NKE reported revenue of $11.2B, gross profit of $4.8B (42.8% gross margin), operating income of $954M, and net income of $712M (6.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NKE was profitable; revenue fell 4.3% year over year, and revenue missed consensus by 0.9%.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −4.3% | −2.1% | +0.1 pp |
| Quarter over quarter | +2.2% | −33.4% | −3.4 pp |
Consensus revenue estimate was $11.3B; reported revenue was −0.9% versus consensus. EPS was $0.48 versus $0.44 expected.
NKE Q1 2027 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $11.2B | 100% |
| Cost of Revenue | −$6.4B | 57.2% |
| Gross Profit | $4.8B | 42.8% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$3.9B | 34.9% |
| Operating Income | $954M | 8.5% |
| Other Income, net | −$33M | 0.3% |
| Income Tax Expense | −$209M | 1.9% |
| Net Income | $712M | 6.3% |
Source: original SEC filing (filed 2026-10-01). Accession 0000320187-26-000184. Data normalized by EarningsFyi.