Nike
Nike returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Operating income is unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q1 | Aug 31, 2026 | — | — | — | 21.56% | 8.23% | — |
| FY 2026 Q4 | May 31, 2026 | — | — | — | 22.14% | 8.29% | — |
| FY 2026 Q3 | Feb 28, 2026 | — | — | — | 16.02% | 6.01% | — |
| FY 2026 Q2 | Nov 30, 2025 | — | — | — | 17.95% | 6.66% | — |
| FY 2026 Q1 | Aug 31, 2025 | — | — | — | 21.12% | 7.7% | — |
| FY 2025 Q4 | May 31, 2025 | — | — | — | 23.29% | 8.62% | — |
| FY 2025 Q3 | Feb 28, 2025 | — | — | — | 31.93% | 12% | — |
| FY 2025 Q2 | Nov 30, 2024 | — | — | — | 34.67% | 13% | — |
| FY 2025 Q1 | Aug 31, 2024 | — | — | — | 37.98% | 14.2% | — |
| FY 2024 Q4 | May 31, 2024 | — | — | — | 40.09% | 15.07% | — |
| FY 2024 Q3 | Feb 29, 2024 | — | — | — | 36.38% | 13.83% | — |
| FY 2024 Q2 | Nov 30, 2023 | — | — | — | 36.03% | 13.79% | — |
| FY 2024 Q1 | Aug 31, 2023 | — | — | — | 33.91% | 12.97% | — |
| FY 2023 Q4 | May 31, 2023 | — | — | — | 34.63% | 13.02% | — |
| FY 2023 Q3 | Feb 28, 2023 | — | — | — | 37.34% | 14.25% | — |
| FY 2023 Q2 | Nov 30, 2022 | — | — | — | 37.32% | 14.34% | — |
| FY 2023 Q1 | Aug 31, 2022 | — | — | — | 37.39% | 14.28% | — |
| FY 2022 Q4 | May 31, 2022 | — | — | — | 43.11% | 15.49% | — |
| FY 2022 Q3 | Feb 28, 2022 | — | — | — | 45.74% | 16.36% | — |
| FY 2022 Q2 | Nov 30, 2021 | — | — | — | 48.26% | 16.73% | — |
| FY 2022 Q1 | Aug 31, 2021 | — | — | — | 51.62% | 17.09% | — |
| FY 2021 Q4 | May 31, 2021 | — | — | — | 55.01% | 16.58% | — |
| FY 2021 Q3 | Feb 28, 2021 | — | — | — | 32.68% | 10.99% | — |
| FY 2021 Q2 | Nov 30, 2020 | — | — | — | 28.27% | 9.2% | — |
| FY 2021 Q1 | Aug 31, 2020 | — | — | — | 29.2% | 9.04% | — |
| FY 2020 Q4 | May 31, 2020 | — | — | — | 29.7% | 9.22% | — |
| FY 2020 Q3 | Feb 29, 2020 | — | — | — | 47.96% | 17.57% | — |
| FY 2020 Q2 | Nov 30, 2019 | — | — | — | 50.58% | 18.56% | — |
| FY 2020 Q1 | Aug 31, 2019 | — | — | — | 47.32% | 17.66% | — |
| FY 2019 Q4 | May 31, 2019 | — | — | — | 42.74% | 17.42% | — |
| FY 2019 Q3 | Feb 28, 2019 | — | — | — | 44.57% | 18.37% | — |
| FY 2019 Q2 | Nov 30, 2018 | — | — | — | 21.04% | 9.22% | — |
| FY 2019 Q1 | Aug 31, 2018 | — | — | — | 19.78% | 9% | — |
| FY 2018 Q4 | May 31, 2018 | — | — | — | 17.4% | 8.44% | — |
| FY 2018 Q3 | Feb 28, 2018 | — | — | — | 16.03% | 7.89% | — |
| FY 2018 Q2 | Nov 30, 2017 | — | — | — | 32.11% | 16.55% | — |
| FY 2018 Q1 | Aug 31, 2017 | — | — | — | 32.63% | 17.59% | — |
| FY 2017 Q4 | May 31, 2017 | — | — | — | 34.38% | 18.99% | — |
| FY 2017 Q3 | Feb 28, 2017 | — | — | — | 32.6% | 18.48% | — |
| FY 2017 Q2 | Nov 30, 2016 | — | — | — | 30.22% | 17.19% | — |
| FY 2017 Q1 | Aug 31, 2016 | — | — | — | 30.57% | 18.27% | — |
| FY 2016 Q4 | May 31, 2016 | — | — | — | 30.12% | 17.49% | — |
| FY 2016 Q3 | Feb 29, 2016 | — | — | — | 30.64% | 18.2% | — |
| FY 2016 Q2 | Nov 30, 2015 | — | — | — | 28.84% | 17.34% | — |
| FY 2016 Q1 | Aug 31, 2015 | — | — | — | 29.08% | 17.77% | — |
| FY 2015 Q4 | May 31, 2015 | — | — | — | 27.82% | 16.29% | — |
| FY 2015 Q3 | Feb 28, 2015 | — | — | — | 26.37% | 16.16% | — |
| FY 2015 Q2 | Nov 30, 2014 | — | — | — | 25.98% | 16.18% | — |
| FY 2015 Q1 | Aug 31, 2014 | — | — | — | 25.68% | 15.89% | — |
| FY 2014 Q4 | May 31, 2014 | — | — | — | 24.5% | 14.89% | — |
| FY 2014 Q3 | Feb 28, 2014 | — | — | — | 24.5% | 15.98% | — |
| FY 2014 Q2 | Nov 30, 2013 | — | — | — | 26.7% | 17.28% | — |
| FY 2014 Q1 | Aug 31, 2013 | — | — | — | 25.3% | 16.46% | — |
| FY 2013 Q4 | May 31, 2013 | — | — | — | 23.08% | 15.04% | — |
| FY 2013 Q3 | Feb 28, 2013 | — | — | — | 22.7% | 15.56% | — |
| FY 2013 Q2 | Nov 30, 2012 | — | — | — | 20.75% | 13.86% | — |
| FY 2013 Q1 | Aug 31, 2012 | — | — | — | 21.51% | 14.34% | — |
| FY 2012 Q4 | May 31, 2012 | — | — | — | 21.98% | 14.59% | — |
| FY 2012 Q3 | Feb 29, 2012 | — | — | — | 22.59% | 15.5% | — |
| FY 2012 Q2 | Nov 30, 2011 | — | — | — | 22.54% | 15.37% | — |
| FY 2012 Q1 | Aug 31, 2011 | — | — | — | 22.69% | 15.38% | — |
| FY 2011 Q4 | May 31, 2011 | — | — | — | 21.77% | 14.5% | — |
| FY 2011 Q3 | Feb 28, 2011 | — | — | — | 21.32% | 14.69% | — |
| FY 2011 Q2 | Nov 30, 2010 | — | — | — | 21.22% | 14.62% | — |
| FY 2011 Q1 | Aug 31, 2010 | — | — | — | 20.83% | 14.34% | — |
| FY 2010 Q4 | May 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Feb 28, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Nov 30, 2009 | — | — | — | — | — | — |
| FY 2010 Q1 | Aug 31, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · NKE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.