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

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

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.