Nike (NKE) Total Operating Expense: $16,180 Mil (TTM As of Feb. 2026)


NKE Nike Inc NKE
68 GF Score
Price $41.42
GF Value $74.89
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nike Total Operating Expense?

Nike NKE +1.64% 68 Total Operating Expense is $16,180 Mil as of Feb. 2026. GuruFocus rates NKE with a GF Score™ of 68/100 and a GF Value™ of $74.89 (Possible Value Trap). The stock has 4 warning signs investors should review.

Nike's Total Operating Expense for the three months ended in Feb. 2026 was $3,977 Mil. Nike's Total Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 was $16,180 Mil.

Nike Total Operating Expense Related Terms

Nike Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Nike's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nike Total Operating Expense Chart

Nike Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13,025.00 14,804.00 16,377.00 16,576.00 16,088.00

Nike Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,887.00 4,148.00 4,016.00 4,039.00 3,977.00
NKE
68GF Score
Nike Inc NKE
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Nike Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $16,180 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $16,180 Mil mean?
Nike (NKE) has a Total Operating Expense of $16,180 Mil as of Feb. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Nike and its competitors.
Is Nike's Total Operating Expense too high?
Nike's current Total Operating Expense is $16,180 Mil. Overall, Nike has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nike's Total Operating Expense compare to DECK and ONON?
Nike's Total Operating Expense of $16,180 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Manufacturing - Apparel & Accessories company?
A good Total Operating Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Nike and its competitors. Nike's current Total Operating Expense is $16,180 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nike stock overvalued right now?
Based on GuruFocus' analysis, Nike (NKE) is currently considered Possible Value Trap. The stock's GF Value™ is $74.89, compared to a current price of $41.42 — trading 44.7% below its estimated fair value. The current Total Operating Expense is $16,180 Mil. Nike's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Nike (NKE), the current Total Operating Expense is $16,180 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nike (NKE) Overvalued in 2026?

Based on GuruFocus' analysis, Nike stock appears to be undervalued. The current stock price of $41.42 is trading 44.7% below its estimated GF Value™ of $74.89. GuruFocus considers Nike to be Possible Value Trap.

Key valuation signals for NKE:

  • Total Operating Expense: $16,180 Mil
  • GF Value™: $74.89 vs. price of $41.42 (44.7% below fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the NKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nike Business Description

Address One Bowerman Drive, Beaverton, OR, USA, 97005-6453
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
68GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$41.42
Price
$74.89
GF Value