US-based sportswear brand NIKE has reported $46.7bn in full-year revenue for the fiscal year 2022 (FY22), up by 5% from last year and 6% on a currency-neutral basis.

For the 52 weeks to 31 March, Nike’s brand revenue grew by 5% to $44.4bn, while its revenues for Nike Direct were $18.7bn, up by 14% on a reported basis from FY21.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Driven by double-digit growth on a direct-to-consumer business, Converse revenues during the year also rose 6% to $2.3bn on a reported basis.

Nike also saw its gross margin increase by 120 basis points to 46.0% due to margin expansion in its Nike Direct business, a higher mix of full-price sales and other factors.

Its net income increased by 6% to $6.0bn and its diluted earnings per share (EPS) were $3.75, up by 5% from the prior year.

During the fourth quarter of FY22, Nike reported $12.2bn in revenue, down by 1% compared with the corresponding period OF the prior year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Revenues of its Nike Direct business were up by 7% to $4.8bn, while Converse’s revenues decreased by 1% to $593m from Q4 2021.

In addition, Nike’s wholesale revenues fell by 7% to $6.8bn compared with the prior-year period.

Nike president and CEO John Donahoe said: “Nike’s results this fiscal year are a testament to the unmatched strength of our brands and our deep connection with consumers.

“Our competitive advantages, including our pipeline of innovative products and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport.”

Earlier this month, Nike announced plans to withdraw completely from Russia, making it the latest brand to exit the country since the start of its invasion of Ukraine.

The company suspended operations at all its Russian company-owned and company-operated stores in March.