Nike (NKE) FY2024 results: revenue $51.4 billion, up 0.3% on the year
Nike, Inc. (NKE) reported revenue of $51.4 billion for fiscal 2024, the year ended 31 May 2024, up 0.3% on the year before. Net income was $5.7 billion, up 12.4%, and diluted earnings per share $3.73. The figures are the company's own, from the 10-K it filed with the SEC on 25 July 2024.
Revenue
$51.4 billion
+0.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$5.7 billion
+12.4% on the year
FY2017FY2024
Diluted EPS
$3.73
+15.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
7,429
5,841
5,188
+27.2%
Capital expenditure
812
969
758
-16.2%
Free cash flow
6,617
4,872
4,430
+35.8%
Free cash flow margin
12.9%
9.5%
9.5%
Cash from investing
894
564
-1,524
+58.5%
Cash from financing
-5,888
-7,447
-4,836
Depreciation and amortisation
796
703
n/a
+13.2%
Share-based compensation
804
755
638
+6.5%
Buybacks
4,250
5,480
4,014
-22.4%
Dividends paid
2,169
2,012
1,837
+7.8%
Dividend per share
$1.45
$1.32
$1.19
+9.4%
Diluted shares, weighted
1,530m
1,570m
1,611m
-2.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
14,430
14,004
15,281
+3.0%
Redeemable equity
0.0
0.0
0.0
Short-term borrowings
6.0
6.0
10.0
0.0%
Debt
8,903
8,927
9,420
-0.3%
Operating lease liabilities
2,566
2,786
2,777
-7.9%
Other liabilities
12,205
11,808
12,833
+3.4%
Total liabilities and equity
38,110
37,531
40,321
+1.5%
Fixed assets
5,000
5,081
4,791
-1.6%
Goodwill
240
281
284
-14.6%
Intangible assets
259
274
286
-5.5%
Cash and equivalents
9,860
7,441
8,574
+32.5%
Receivables
4,427
4,131
4,667
+7.2%
Other assets
18,324
20,323
21,719
-9.8%
Total assets
38,110
37,531
40,321
+1.5%
10-K for the year ended 31 May 2024, filed 25 July 2024: the filing.