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In millions, except per share items | May-31-22 | May-31-21 | May-31-20 | May-31-19 | May-31-18 | May-31-17 | May-31-16 | May-31-15 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
NIKE Brand | 44,436.0 | 42,293.0 | 35,568.0 | 37,218.0 | 14,855.0 | 15,216.0 | 30,507.0 | 28,701.0 |
Sales through Direct to Consumer | 19,657.0 | 17,136.0 | 12,984.0 | 12,306.0 | | | | |
Converse | 2,346.0 | 2,205.0 | 1,846.0 | 1,906.0 | 1,886.0 | 2,042.0 | 1,955.0 | 1,982.0 |
Other | 153.0 | 151.0 | 109.0 | 141.0 | | | | |
Other | | | | | 19,656.0 | 17,092.0 | | |
Total revenues | 46,710.0 | 44,538.0 | 37,403.0 | 39,117.0 | 36,397.0 | 34,350.0 | 32,376.0 | 30,601.0 |
Revenue growth [+] | 4.9% | 19.1% | -4.4% | 7.5% | 6.0% | 6.1% | 5.8% | 10.1% |
NIKE Brand | 5.1% | 18.9% | -4.4% | 150.5% | -2.4% | -50.1% | 6.3% | 9.9% |
Sales through Direct to Consumer | 14.7% | 32.0% | 5.5% | | | | | |
Converse | 6.4% | 19.4% | -3.1% | 1.1% | -7.6% | 4.5% | -1.4% | 17.7% |
Other | 1.3% | 38.5% | -22.7% | | | | | |
Cost of goods sold | 25,231.0 | 24,576.0 | 21,162.0 | 21,643.0 | 20,441.0 | 19,038.0 | 17,405.0 | 16,534.0 |
Gross profit | 21,479.0 | 19,962.0 | 16,241.0 | 17,474.0 | 15,956.0 | 15,312.0 | 14,971.0 | 14,067.0 |
Gross margin | 46.0% | 44.8% | 43.4% | 44.7% | 43.8% | 44.6% | 46.2% | 46.0% |
Selling, general and administrative [+] | 14,804.0 | 13,025.0 | 13,126.0 | 12,702.0 | 11,511.0 | 10,563.0 | 10,469.0 | 9,892.0 |
Sales and marketing | 3,850.0 | 3,114.0 | 3,592.0 | 3,753.0 | 3,577.0 | 3,341.0 | 3,278.0 | 3,213.0 |
General and administrative | 10,954.0 | 9,911.0 | 9,534.0 | 8,949.0 | 7,934.0 | 7,222.0 | 7,191.0 | 6,679.0 |
Other operating expenses | 410.0 | 524.0 | 178.0 | 98.0 | 108.0 | 118.0 | 38.0 | 56.0 |
EBITDA [+] | 6,982.0 | 7,157.0 | 3,658.0 | 5,379.0 | 5,084.0 | 5,347.0 | 5,126.0 | 4,768.0 |
EBITDA growth | -2.4% | 95.7% | -32.0% | 5.8% | -4.9% | 4.3% | 7.5% | 13.5% |
EBITDA margin | 14.9% | 16.1% | 9.8% | 13.8% | 14.0% | 15.6% | 15.8% | 15.6% |
Depreciation | 717.0 | 744.0 | 721.0 | 705.0 | 747.0 | 706.0 | 649.0 | 606.0 |
EBITA | 6,265.0 | 6,413.0 | 2,937.0 | 4,674.0 | 4,337.0 | 4,641.0 | 4,477.0 | 4,162.0 |
EBITA margin | 13.4% | 14.4% | 7.9% | 11.9% | 11.9% | 13.5% | 13.8% | 13.6% |
Amortization of intangibles | | | | | | 10.0 | 13.0 | 43.0 |
EBIT [+] | 6,265.0 | 6,413.0 | 2,937.0 | 4,674.0 | 4,337.0 | 4,631.0 | 4,464.0 | 4,119.0 |
EBIT growth | -2.3% | 118.4% | -37.2% | 7.8% | -6.3% | 3.7% | 8.4% | 14.0% |
EBIT margin | 13.4% | 14.4% | 7.9% | 11.9% | 11.9% | 13.5% | 13.8% | 13.5% |
Interest income | 205.0 | 262.0 | 89.0 | 49.0 | 54.0 | 59.0 | 19.0 | 28.0 |
Interest income | 205.0 | 262.0 | 89.0 | 49.0 | 54.0 | 59.0 | 19.0 | 28.0 |
Other income (expense), net | 181.0 | -14.0 | -139.0 | 78.0 | -66.0 | 196.0 | 140.0 | 58.0 |
Pre-tax income | 6,651.0 | 6,661.0 | 2,887.0 | 4,801.0 | 4,325.0 | 4,886.0 | 4,623.0 | 4,205.0 |
Income taxes | 605.0 | 934.0 | 348.0 | 772.0 | 2,392.0 | 646.0 | 863.0 | 932.0 |
Tax rate | 9.1% | 14.0% | 12.1% | 16.1% | 55.3% | 13.2% | 18.7% | 22.2% |
Net income | 6,046.0 | 5,727.0 | 2,539.0 | 4,029.0 | 1,933.0 | 4,240.0 | 3,760.0 | 3,273.0 |
Net margin | 12.9% | 12.9% | 6.8% | 10.3% | 5.3% | 12.3% | 11.6% | 10.7% |
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Basic EPS [+] | $3.83 | $3.64 | $1.63 | $2.55 | $1.19 | $2.56 | $2.21 | $1.90 |
Growth | 5.2% | 123.5% | -36.1% | 114.3% | -53.5% | 15.5% | 16.6% | 24.6% |
Diluted EPS [+] | $3.75 | $3.56 | $1.60 | $2.49 | $1.17 | $2.51 | $2.16 | $1.85 |
Growth | 5.5% | 123.1% | -35.9% | 113.7% | -53.5% | 16.1% | 16.6% | 24.5% |
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Dividends per share [+] | $1.19 | $1.07 | $0.96 | $0.86 | $0.78 | $0.70 | $0.62 | $0.54 |
Growth | 11.2% | 12.0% | 11.0% | 10.3% | 11.4% | 12.9% | 14.8% | 14.9% |
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Shares outstanding (basic) [+] | 1,578.8 | 1,573.0 | 1,558.8 | 1,579.7 | 1,623.8 | 1,657.8 | 1,697.9 | 1,723.5 |
Growth | 0.4% | 0.9% | -1.3% | -2.7% | -2.1% | -2.4% | -1.5% | -2.4% |
Shares outstanding (diluted) [+] | 1,610.8 | 1,609.4 | 1,591.6 | 1,618.4 | 1,659.1 | 1,692.0 | 1,742.5 | 1,768.8 |
Growth | 0.1% | 1.1% | -1.7% | -2.5% | -1.9% | -2.9% | -1.5% | -2.4% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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