# NIKE, Inc. (NKE) FY2024 Annual P&L / Income Statement

- Company: NIKE, Inc. (NKE)
- Period: 2023-06-01 to 2024-05-31
- Filing: FY2024 10-K, filed 2024-07-25, accession number 0000320187-24-000044
- Page: https://plicit.ai/financials/nke/fy2024-annual-income-statement
- Chart image: https://plicit.ai/charts/nke-fy2024-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2023-06-01 through 2024-05-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 51,362,000,000 US dollars
- **Cost of sales**: 28,475,000,000 US dollars
- **Gross profit**: 22,887,000,000 US dollars
- **Operating expenses (calculated)**: 16,576,000,000 US dollars
- **Operating profit (calculated)**: 6,311,000,000 US dollars
- **Other income (expense), net (calculated)**: 389,000,000 US dollars
- **Income before income taxes**: 6,700,000,000 US dollars
- **Income tax expense**: 1,000,000,000 US dollars
- **NET INCOME**: 5,700,000,000 US dollars
- **Footwear**: 35,227,000,000 US dollars
- **Apparel**: 13,868,000,000 US dollars
- **Equipment**: 2,112,000,000 US dollars
- **Other**: 155,000,000 US dollars
- **Total selling and administrative expense**: 16,576,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/nke/fy2024-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/nke-fy2024-annual-revenue-by-business-segment-sankey.png

Income statement for 2023-06-01 through 2024-05-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 51,362,000,000 US dollars
- **Cost of sales**: 28,475,000,000 US dollars
- **Gross profit**: 22,887,000,000 US dollars
- **Operating expenses (calculated)**: 16,576,000,000 US dollars
- **Operating profit (calculated)**: 6,311,000,000 US dollars
- **Other income (expense), net (calculated)**: 389,000,000 US dollars
- **Income before income taxes**: 6,700,000,000 US dollars
- **Income tax expense**: 1,000,000,000 US dollars
- **NET INCOME**: 5,700,000,000 US dollars
- **NIKE Brand**: 49,322,000,000 US dollars
- **Converse Segment**: 2,082,000,000 US dollars
- **Total selling and administrative expense**: 16,576,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 51,404,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Corporate**: negative 42,000,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.

## Chart details: Revenue by Sales Channel

- Page: https://plicit.ai/financials/nke/fy2024-annual-income-statement/revenue-by-sales-channel
- Chart image: https://plicit.ai/charts/nke-fy2024-annual-revenue-by-sales-channel-sankey.png

Income statement for 2023-06-01 through 2024-05-31. View: Contract with Customer, Sales Channel. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Revenues**: 51,362,000,000 US dollars
- **Cost of sales**: 28,475,000,000 US dollars
- **Gross profit**: 22,887,000,000 US dollars
- **Operating expenses (calculated)**: 16,576,000,000 US dollars
- **Operating profit (calculated)**: 6,311,000,000 US dollars
- **Other income (expense), net (calculated)**: 389,000,000 US dollars
- **Income before income taxes**: 6,700,000,000 US dollars
- **Income tax expense**: 1,000,000,000 US dollars
- **NET INCOME**: 5,700,000,000 US dollars
- **Sales to Wholesale Customers**: 28,856,000,000 US dollars
- **Sales through Direct to Consumer**: 22,351,000,000 US dollars
- **Other**: 155,000,000 US dollars
- **Total selling and administrative expense**: 16,576,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.