Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Nike Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018	May 31, 2018	Feb 28, 2018	Nov 30, 2017	Aug 31, 2017
Revenues	12,429)	13,388)	12,939)	12,825)	12,390)	13,315)	12,687)	12,234)	10,871)	11,357)	12,248)	12,344)	10,357)	11,243)	10,594)	6,313)	10,104)	10,326)	10,660)	10,184)	9,611)	9,374)	9,948)	9,789)	8,984)	8,554)	9,070)
Cost of sales	(6,867)	(7,417)	(7,219)	(7,230)	(7,019)	(7,604)	(7,072)	(6,731)	(5,804)	(6,144)	(6,552)	(6,689)	(5,638)	(6,396)	(5,853)	(3,960)	(5,631)	(5,782)	(5,789)	(5,551)	(5,272)	(5,269)	(5,551)	(5,411)	(5,046)	(4,876)	(5,108)
Gross profit	5,562)	5,971)	5,720)	5,595)	5,371)	5,711)	5,615)	5,503)	5,067)	5,213)	5,696)	5,655)	4,719)	4,847)	4,741)	2,353)	4,473)	4,544)	4,871)	4,633)	4,339)	4,105)	4,397)	4,378)	3,938)	3,678)	3,962)
Demand creation expense	(1,011)	(1,114)	(1,069)	(1,092)	(923)	(1,102)	(943)	(1,061)	(854)	(1,017)	(918)	(997)	(711)	(729)	(677)	(823)	(870)	(881)	(1,018)	(1,014)	(865)	(910)	(964)	(983)	(862)	(877)	(855)
Operating overhead expense	(3,215)	(3,032)	(3,047)	(3,282)	(3,036)	(3,022)	(2,977)	(2,974)	(2,584)	(2,742)	(2,654)	(2,745)	(2,330)	(2,538)	(2,298)	(2,368)	(2,413)	(2,443)	(2,310)	(2,392)	(2,226)	(2,232)	(2,099)	(2,137)	(1,905)	(1,891)	(2,001)
Selling and administrative expense	(4,226)	(4,146)	(4,116)	(4,374)	(3,959)	(4,124)	(3,920)	(4,035)	(3,438)	(3,759)	(3,572)	(3,742)	(3,041)	(3,267)	(2,975)	(3,191)	(3,283)	(3,324)	(3,328)	(3,406)	(3,091)	(3,142)	(3,063)	(3,120)	(2,767)	(2,768)	(2,856)
Operating income	1,336)	1,825)	1,604)	1,221)	1,412)	1,587)	1,695)	1,468)	1,629)	1,454)	2,124)	1,913)	1,678)	1,580)	1,766)	(838)	1,190)	1,220)	1,543)	1,227)	1,248)	963)	1,334)	1,258)	1,171)	910)	1,106)
Interest income (expense), net	52)	22)	34)	28)	7)	(16)	(13)	(40)	(53)	(55)	(57)	(63)	(64)	(70)	(65)	(50)	(12)	(12)	(15)	(12)	(12)	(14)	(11)	(12)	(13)	(13)	(16)
Other income (expense), net	16)	75)	10)	(3)	58)	79)	146)	(54)	94)	102)	39)	4)	22)	(54)	14)	84)	(297)	41)	33)	28)	55)	48)	(53)	(31)	1)	(18)	(18)
Income before income taxes	1,404)	1,922)	1,648)	1,246)	1,477)	1,650)	1,828)	1,374)	1,670)	1,501)	2,106)	1,854)	1,636)	1,456)	1,715)	(804)	881)	1,249)	1,561)	1,243)	1,291)	997)	1,270)	1,215)	1,159)	879)	1,072)
Income tax expense	(232)	(344)	(198)	(215)	(237)	(319)	(360)	65)	(274)	(164)	(232)	(345)	(187)	(205)	(197)	14)	(34)	(134)	(194)	(254)	(190)	(150)	(178)	(78)	(2,080)	(112)	(122)
Net income (loss)	1,172)	1,578)	1,450)	1,031)	1,240)	1,331)	1,468)	1,439)	1,396)	1,337)	1,874)	1,509)	1,449)	1,251)	1,518)	(790)	847)	1,115)	1,367)	989)	1,101)	847)	1,092)	1,137)	(921)	767)	950)

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Nike Inc. revenues increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Nike Inc. operating income increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Nike Inc. income before income taxes increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Nike Inc. net income (loss) increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.

Nike Inc. (NYSE:NKE)

Income StatementQuarterly Data

Income Statement
Quarterly Data