Quarterly Net Income of Nike Inc
Nike Inc Quarterly Net Income 2016-2023
Amounts are in $millions.
| Revenue /Quarter | 2021 ($mn) | 2022 | 2023 |
| Q1 | $1,518 | $1,874 | $1,468 |
| Q2 | $1,251 | $1,337 | |
| Q3 | $1,449 | $1,396 | |
| Q4 | $1,509 | $1,439 | |
| Total | $5,727 | $6,046 |
2023: Nike's net income declined 22% in the first quarter of 2023 compared to the same quarter of prior year. The sports shoe brand's net income was down to $1,468 million in Q1 2023 compared to $1,874 million in Q1 2022.
2022: The annual net income of Nike increased by 6% in 2022 compared to 2021. The company generated $1,874 million in the first quarter of 2022 compared to $1,518 million in the same quarter of the prior year.
2021: The net income of Nike grew to $5,727 million in 2021 compared to $2,539 million in 2020.
| 2020 | Net Income ($mn) |
| Q1 | $1,367 |
| Q2 | $1,115 |
| Q3 | $847 |
| Q4 | $(790) |
Net income of Nike in the first quarter of 2019 grew 25% (compared to previous year) to $1.4 billion driven mainly by strong revenue growth and gross margin expansion while diluted earnings per share grew 28% to $0.86 reflecting a 2% decline in the weighted average diluted common shares outstanding.
| 2019 | Net Income ($mn) |
| Q1 | $ 1,092 |
| Q2 | $ 847 |
| Q3 | $ 1,101 |
| Q4 | $989 |
| 2018 | Net Income ($mn) |
| Q1 | $950 |
| Q2 | $767 |
| Q3 | $(921) |
| Q4 | $1,137 |
| 2017 | Net Income ($mn) |
| Q1 | $1,249 |
| Q2 | $842 |
| Q3 | $1,141 |
| Q4 | $1,008 |
| 2016 | Net Income ($mn) |
| Q1 | $1,179 |
| Q2 | $785 |
| Q3 | $950 |
| Q4 | $846 |