NIKE, Inc. logo NKE - NIKE, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 34
HOLD 31
SELL 5
STRONG
SELL
0
| PRICE TARGET: $52.53 DETAILS
HIGH: $75.00
LOW: $35.00
MEDIAN: $49.00
CONSENSUS: $52.53
UPSIDE: 21.90%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Revenue
Revenue 46,398 46,309 51,362 51,217 46,710 44,538 37,403 39,117 36,397 34,350 32,376 30,601 27,799 25,313 23,331 20,117 19,014 19,176.1 18,627 16,325.9 14,954.9 13,739.7 12,253.1 10,697 9,893 9,488.8 8,995.1 8,776.9 9,553.1 9,186.5 6,470.6 4,760.8 3,789.7 3,931 3,405.2 3,003.6 2,235.2 1,710.8 1,203.4 877.4 1,069.2
Cost of Revenue 26,487 26,519 28,475 28,925 25,231 24,576 21,162 21,643 20,441 19,038 17,405 16,534 15,353 14,279 13,183 10,915 10,214 10,571.7 10,239.6 9,165.4 8,367.9 7,624.3 7,001.4 6,313.6 6,004.7 5,784.9 5,180.2 5,264.7 5,832 5,334.7 3,774.3 2,775.1 2,236.9 2,326.6 2,041.4 1,816.1 1,367 1,060.1 789.4 584.6 712.4
Gross Profit 19,911 19,790 22,887 22,292 21,479 19,962 16,241 17,474 15,956 15,312 14,971 14,067 12,446 11,034 10,148 9,202 8,800 8,604.4 8,387.4 7,160.5 6,587 6,115.4 5,251.7 4,383.4 3,888.3 3,703.9 3,814.9 3,512.2 3,721.1 3,851.8 2,696.3 1,985.7 1,552.8 1,604.4 1,363.8 1,187.5 868.2 650.7 414 292.8 356.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 16,114 16,088 16,576 16,377 14,804 13,025 13,126 12,702 11,511 10,563 10,469 9,892 8,766 7,796 7,079 6,361 6,326 6,149.6 5,953.7 5,028.7 4,477.8 4,221.7 3,702 3,154.1 2,835.8 2,689.7 2,606.4 2,426.6 2,623.8 2,303.7 1,588.6 1,209.8 974.1 922.3 761.5 664.1 454.5 354.8 246.6 204.7 209.2
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 223.6 228.8 233.5 168.3 132.4 90.2 64.5 60.4 47.7 34.5 17.1 14.8 14 12.1 10.5
Operating Expenses 16,114 16,088 16,576 16,377 14,804 13,025 13,126 12,702 11,511 10,563 10,469 9,892 8,766 7,796 7,079 6,361 6,326 6,149.6 5,953.7 5,028.7 4,477.8 4,221.7 3,702 3,154.1 2,835.8 2,689.7 2,830 2,655.4 2,857.3 2,472 1,721 1,300 1,038.6 982.7 809.2 698.6 471.6 369.6 260.6 216.8 219.7
Operating Income
Operating Income 3,800 3,702 6,311 5,915 6,675 6,937 3,115 4,772 4,445 4,749 4,502 4,175 3,680 3,238 3,069 2,841 2,474 2,454.8 2,433.7 2,131.8 2,109.2 1,893.7 1,549.7 1,229.3 1,052.5 1,014.2 984.9 856.8 863.8 1,379.8 975.3 685.7 514.2 621.7 554.6 488.9 396.6 281.1 153.4 76 137.1
Interest Expense 50 289 261 283 292 289 144 124 117 82 33 39 43 6 37 40 43.8 40.2 38.7 49.7 50.5 39.7 25 42.9 47.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 404 430 297 94 34 62 82 70 27 12 6 5 4 27 30 30.1 48.2 115.8 116.9 87.3 34.9 0 14.1 13.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 3,953 4,982 7,805 7,343 7,783 7,734 4,234 5,492 5,219 5,465 5,164 4,824 4,266 3,740 3,465 3,199 2,870 2,838.1 2,755.2 2,402 2,400.1 2,181.4 1,863.2 1,491.8 1,324.1 1,228.3 1,208.5 1,085.6 1,097.3 1,548.1 1,107.7 775.9 578.7 682.1 602.3 523.4 413.7 295.9 167.4 88.1 147.6
EBIT 3,953 4,174 6,961 6,484 6,943 6,937 3,115 4,772 4,445 4,749 4,502 4,175 3,680 3,238 3,069 2,841 2,474 2,454.8 2,433.7 2,131.8 2,109.2 1,893.7 1,549.7 1,229.3 1,052.5 1,014.2 984.9 856.8 863.8 1,379.8 975.3 685.7 514.2 621.7 554.6 488.9 396.6 281.1 153.4 76 137.1
Income Before Tax 3,900 3,885 6,700 6,201 6,651 6,661 2,887 4,801 4,325 4,886 4,623 4,205 3,544 3,256 3,011 2,862 2,517 1,956.5 2,502.9 2,199.9 2,141.6 1,859.8 1,450 1,123 1,017.3 921.4 919.2 746.1 653 1,295.2 899.1 649.9 490.6 594.5 521.8 461.7 393.4 270.6 166.2 73.7 117
Income Tax Expense 792 666 1,000 1,131 605 934 348 772 2,392 646 863 932 851 805 754 690 610 469.8 619.5 708.4 749.6 648.2 504.4 382.9 349 331.7 340.1 294.7 253.4 499.4 345.9 250.2 191.8 229.5 192.6 174.7 150.4 103.6 64.5 37.8 57.8
Net Income 3,108 3,219 5,700 5,070 6,046 5,727 2,539 4,029 1,933 4,240 3,760 3,273 2,693 2,472 2,211 2,133 1,907 1,486.7 1,883.4 1,491.5 1,392 1,211.6 945.6 474 663.3 589.7 579.1 451.4 399.6 795.8 553.2 399.7 298.8 365 329.2 287 243 167 101.7 35.9 59.2
Per Share Data
EPS (Basic) 2.10 2.17 3.76 3.27 3.83 3.64 1.63 2.55 1.19 2.56 2.21 1.90 1.52 1.38 1.21 1.12 0.98 0.77 0.95 0.74 0.67 0.58 0.45 0.22 0.31 0.27 0.26 0.20 0.17 0.34 0.24 0.17 0.13 0.15 0.14 0.12 0.10 0.07 0.04 0.01 0.02
EPS (Diluted) 2.10 2.16 3.73 3.23 3.75 3.56 1.60 2.49 1.17 2.51 2.16 1.85 1.49 1.36 1.18 1.10 0.97 0.76 0.93 0.73 0.66 0.56 0.44 0.22 0.30 0.27 0.26 0.20 0.17 0.33 0.24 0.17 0.13 0.15 0.14 0.12 0.10 0.07 0.04 0.01 0.02
Shares Outstanding 1,482.6 1,484.9 1,517.6 1,551.6 1,578.8 1,573 1,558.8 1,579.7 1,623.8 1,657.8 1,697.9 1,723.4 1,766.8 1,794.6 1,840 1,902 1,942 1,939.6 1,982.4 2,015.5 2,073.7 2,102.6 2,107.2 2,116 2,141.6 2,164.0 2,206.1 2,271.2 2,316.5 2,314.2 2,348.9 2,286.2 2,342.4 2,427.3 2,416.3 2,409.5 2,387.1 2,387.1 2,374.6 2,428.0 2,417.4
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Current Assets
Cash & Cash Equivalents 7,563 7,464 9,860 7,441 8,574 9,889 8,348 4,466 4,249 3,808 3,138 3,852 2,220 3,337 2,317 1,955 3,079.1 2,291.1 2,133.9 1,856.7 954.2 1,388.1 828 634 575.5 304 254.3 198.1 108.6 445.4 262.1 216.1 518.8 291.3 260.1 119.8 90.4 85.7 75.4 126.9 18.1
Short-Term Investments 1,464 1,687 1,722 3,234 4,423 3,587 439 197 996 2,371 2,319 2,072 2,922 2,628 1,440 2,583 2,066.8 1,164 642.2 990.3 1,348.8 436.6 400.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 5,931 4,717 4,427 4,131 4,667 4,463 2,749 4,272 3,498 3,677 3,241 3,358 3,434 3,117 3,132 3,138 2,649.8 2,883.9 2,795.3 2,494.7 2,395.9 2,262.1 2,120.2 2,083.9 1,807.1 1,621.4 1,569.4 1,556 1,674.4 1,754.1 1,346.1 1,053.2 703.7 667.5 596 521.6 400.9 296.4 258.4 184.5 185.6
Inventory 7,501 7,489 7,519 8,454 8,420 6,854 7,367 5,622 5,261 5,055 4,838 4,337 3,947 3,484 3,222 2,715 2,040.8 2,357 2,438.4 2,121.9 2,076.7 1,811.1 1,650.2 1,514.9 1,373.8 1,424.1 1,446 1,199.3 1,396.6 1,338.6 931.2 629.7 470 593 471.2 586.6 309.5 222.9 198.5 120.7 180.2
Other Current Assets 0 2,005 1,854 1,942 0 0 0 0 0 0 0 0 355 308 877 312 248.8 272.4 227.2 219.7 203.3 110.2 165 221.8 140.8 113.3 326.7 311.5 353 292.8 187.5 146.9 77.9 68.8 60.5 52.3 36.9 33.4 21.3 17.2 27.6
Total Current Assets 24,603 23,362 25,382 25,202 28,213 26,291 20,556 16,525 15,134 16,061 15,025 15,587 13,696 13,630 11,845 11,297 10,959.2 9,734 8,839.3 8,076.5 7,359 6,351.1 5,528.6 4,787.1 4,157.7 3,625.3 3,596.4 3,264.9 3,532.6 3,830.9 2,726.9 2,045.9 1,770.4 1,620.6 1,387.8 1,280.3 837.7 638.4 553.6 449.3 411.5
Non-Current Assets
Property, Plant & Equipment 7,634 7,540 7,718 8,004 7,717 8,017 7,963 4,744 4,454 3,989 3,520 3,011 2,834 2,452 2,209 2,115 1,931.9 1,957.7 1,891.1 1,678.3 1,657.7 1,605.8 1,611.8 1,620.8 1,614.5 1,618.8 1,583.4 1,265.8 1,153.1 922.4 643.5 554.9 405.8 378 346 292.5 159.7 90 57.7 48.5 49.7
Goodwill 240 240 240 281 284 242 223 154 154 139 131 131 131 131 131 205 187.6 193.5 448.8 130.8 130.8 0 135.4 65.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 259 259 259 274 286 269 274 283 285 283 281 281 282 289 370 487 467 467.4 743.1 409.9 405.5 541.5 406.1 118.2 437.8 397.3 410.9 426.6 435.8 464.2 474.8 495.9 157.2 157.9 110.4 114.7 81 81.9 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 5,674 5,178 4,511 3,770 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 266.2 290.4 275.9 143.7 106.4 46 40.4 31 28.7 20.9 16.2 15.1 97.8 14 15.6
Total Non-Current Assets 13,807 13,217 12,728 12,329 12,108 11,449 10,786 7,192 7,402 7,198 6,354 6,010 4,898 3,915 3,620 3,701 3,460.1 3,515.6 3,603.4 2,611.8 2,510.6 2,442.5 2,380.1 2,034 2,285.3 2,194.3 2,260.5 1,982.8 1,864.8 1,530.3 1,224.7 1,096.8 603.4 566.9 485.1 428.1 256.9 187 155.5 62.5 65.3
Total Assets 38,410 36,579 38,110 37,531 40,321 37,740 31,342 23,717 22,536 23,259 21,379 21,597 18,594 17,545 15,465 14,998 14,419.3 13,249.6 12,442.7 10,688.3 9,869.6 8,793.6 7,908.7 6,821.1 6,443 5,819.6 5,856.9 5,247.7 5,397.4 5,361.2 3,951.6 3,142.7 2,373.8 2,187.5 1,872.9 1,708.4 1,094.6 825.4 709.1 511.8 476.8
Current Liabilities
Account Payables 3,600 3,479 2,851 2,862 3,358 2,836 2,248 2,612 2,279 2,048 2,191 2,131 1,930 1,669 1,549 1,469 1,254.5 1,031.9 1,287.6 1,040.3 952.2 843.9 780.4 572.7 504.4 432 543.8 373.2 584.6 687.1 455 297.7 210.6 135.7 134.7 165.9 107.4 71.1 0 0 0
Short-Term Debt 2,000 5 1,006 6 510 2 251 15 342 331 45 181 174 155 157 387 146 374.9 184 131.3 298.7 76 152.6 281.1 480.5 860.7 974.3 420.1 481.8 555.4 452.4 429 131.2 161.2 109.3 300.9 39.9 41.1 136.8 47.9 65.1
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 0 3,560 3,151 3,283 3,205 2,907 2,831 3,215 1,549 1,435 1,603 2,515 1,195 1,029 1,204 0 598.8 491.9 88 109 85.5 95 118.2 0 83 21.9 621.9 653.6 637.4 624.4 559.7 380.8 220.2 155.8 176.6 161.6 125.9 103.7 118 76.2 67.7
Total Current Liabilities 12,547 10,566 10,593 9,256 10,730 9,674 8,284 7,866 6,040 5,474 5,358 6,332 5,027 3,962 3,882 3,958 3,364.2 3,277 3,321.5 2,584 2,623.3 1,999.2 2,030.5 2,020.6 1,836.2 1,786.7 2,140 1,446.9 1,703.8 1,866.9 1,467.1 1,107.5 562 452.7 420.6 628.4 273.2 215.9 254.8 124.1 132.8
Non-Current Liabilities
Long-Term Debt 5,942 7,961 7,903 8,927 8,920 9,413 9,406 3,464 3,468 3,471 1,993 1,079 1,199 1,210 228 276 445.8 437.2 441.1 409.9 410.7 687.3 682.4 551.6 625.9 435.9 470.3 386.1 379.4 296 9.6 10.6 12.4 15 69.5 30 25.9 34.1 30.3 35.2 15.3
Deferred Tax Liabilities 0 0 0 0 2,613 2,955 2,684 3,347 3,216 1,907 1,770 1,479 1,544 1,292 974 921 855.3 842 854.5 668.7 550.1 462.6 413.8 257.9 141.6 102.2 110.3 79.8 52.3 16 1.9 17.8 18.2 30 50.8 16.9 10.9 13.4 11.9 0 0
Other Non-Current Liabilities 2,443 2,289 2,618 2,558 0 0 0 0 0 0 0 0 0 0 0 0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0 0 0 26.2 41.6 41.8 40 43.5 0 0 0.1 (0.1) 0.3 14.5 11.9
Total Non-Current Liabilities 10,998 12,800 13,087 14,271 14,310 15,299 15,003 6,811 6,684 5,378 3,763 2,558 2,743 2,502 1,202 1,197 1,301.4 1,279.5 1,295.9 1,078.9 961.1 1,150.2 1,096.5 809.8 767.8 538.4 580.6 465.9 431.7 338.2 53.1 70.2 70.6 88.5 120.3 46.9 36.9 47.4 42.5 49.7 27.2
Total Liabilities 23,545 23,366 23,680 23,527 25,040 24,973 23,287 14,677 12,724 10,852 9,121 8,890 7,770 6,464 5,084 5,155 4,665.6 4,556.5 4,617.4 3,662.9 3,584.4 3,149.4 3,127 2,830.4 2,604 2,325.1 2,720.6 1,912.8 2,135.5 2,205.1 1,520.2 1,177.7 632.6 541.2 540.9 675.3 310.1 263.3 297.3 173.8 160
Stockholders' Equity
Common Stock 14,865 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings 0 (727) 965 1,358 3,476 3,179 (191) 1,643 3,517 6,907 4,151 4,685 4,871 5,620 5,588 5,801 6,095.5 5,451.4 5,073.3 4,885.2 4,713.4 4,396.5 3,982.9 3,639.2 3,495 3,194.3 2,887 3,066.5 3,043.4 2,973.7 2,290.2 1,837.8 1,644.9 1,542.5 1,234.3 949.7 701.7 486.9 340.3 253.5 232.8
Accumulated Other Comprehensive Income 0 (258) 53 231 318 (380) (56) 231 (92) (213) 318 1,246 85 274 149 95 214.8 367.5 251.4 177.4 121.7 62 (91.8) (239.7) (197.5) (162) (122.8) (68.9) 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 14,865 13,213 14,430 14,004 15,281 12,767 8,055 9,040 9,812 12,407 12,258 12,707 10,824 11,081 10,381 9,843 9,753.7 8,693.1 7,825.3 7,025.4 6,285.2 5,644.2 4,781.7 3,990.7 3,839 3,494.5 3,136.3 3,334.9 3,261.9 3,156.1 2,431.4 1,965 1,741.2 1,646.3 1,332 1,033.1 784.5 562.1 411.8 338 316.8
Total Liabilities & Equity 38,410 36,579 38,110 37,531 40,321 37,740 31,342 23,717 22,536 23,259 21,379 21,597 18,594 17,545 15,465 14,998 14,419.3 13,249.6 12,442.7 10,688.3 9,869.6 8,793.6 7,908.7 6,821.1 6,443 5,819.6 5,856.9 5,247.7 5,397.4 5,361.2 3,951.6 3,142.7 2,373.8 2,187.5 1,872.9 1,708.4 1,094.6 825.4 709.1 511.8 476.8
Debt Metrics
Total Debt 11,033 11,018 11,952 12,144 12,627 12,813 13,015 3,479 3,810 3,802 2,038 1,260 1,373 1,365 385 663 591.8 812.1 625.1 541.2 709.4 763.3 835 832.7 1,106.4 1,296.6 1,444.6 806.2 861.2 851.4 462 439.6 143.6 176.2 178.8 330.9 65.8 75.2 167.1 83.1 80.4
Net Debt 3,470 3,554 2,092 4,703 4,053 2,924 4,667 (987) (439) (6) (1,100) (2,592) (847) (1,972) (1,932) (1,292) (2,487.3) (1,479) (1,508.8) (1,315.5) (244.8) (624.8) 7 198.7 530.9 992.6 1,190.3 608.1 752.6 406 199.9 223.5 (375.2) (115.1) (81.3) 211.1 (24.6) (10.5) 91.7 (43.8) 62.3
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989
Operating Activities
Net Income 3,108 3,219 5,700 5,070 6,046 5,727 2,539 4,029 1,933 4,240 3,760 3,273 2,693 2,485 2,223 2,133 1,906.7 1,486.7 1,883.4 1,491.5 1,392 1,211.6 945.6 474 663.3 589.7 579.1 451.4 399.6 795.8 553.2 399.7 298.8 365 329.2 287 243 167
Depreciation & Amortization 747 808 844 859 840 797 1,119 720 774 716 662 649 632 513 405 358 395.5 383.3 321.5 270.2 290.9 287.7 310.4 262.5 276.6 214.1 223.6 228.8 233.5 168.3 132.4 90.2 64.5 60.4 47.7 34.5 17.1 14.8
Stock-Based Compensation 715 709 804 755 638 611 429 325 218 215 236 191 177 174 130 105 159 170.6 141 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (2,680) (787) 716 (513) (1,660) 45 (1,245) 562 1,482 (1,141) (1,580) 256 (488) (42) (799) (708) 694.7 (411.7) (48.4) (64.8) (43.2) (13) 192.2 (148.1) 112.5 (259.5) (79.6) 214.9 (61) (593.9) (281.9) (209) 232.5 (177.4) 32.2 (315.2) (137.7) (7.7)
Other Non-Cash Items 1,074 37 (138) (213) (26) (138) 23 233 (99) (117) 98 424 46 (124) 0 0 0 401.3 (60.6) 147.7 54.2 63.1 0 278.6 13.9 32.4 0 28 59.3 0 (0.4) (1.3) 4.6 13 19.3 10.6 5.6 3.8
Operating Cash Flow 2,868 3,698 7,429 5,841 5,188 6,657 2,485 5,903 4,955 3,640 3,096 4,680 3,003 3,027 1,899 1,812 3,164.2 1,736.1 1,936.3 1,878.7 1,667.9 1,570.7 1,514.4 917.4 1,081.5 656.5 759.9 961 517.5 323.1 330 254.9 576.5 265.3 436.6 14.2 127.1 169.4
Investing Activities
Capital Expenditure (684) (430) (812) (969) (758) (695) (1,086) (1,119) (1,028) (1,105) (1,143) (963) (880) (636) (597) (432) (335.1) (455.7) (449.2) (313.5) (333.7) (257.1) (213.9) (185.9) (282.8) (317.6) (419.9) (384.1) (505.9) (465.9) (216.4) (154.1) (95.3) (97) (106.5) (164.8) (87.2) (42)
Acquisitions 0 0 0 0 0 0 0 5 3 13 10 0 3 786 2 1 10.1 32 (325.1) 28.3 1.6 (47.2) (289.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (1,316) (3,234) (4,767) (6,059) (12,913) (9,961) (2,426) (2,937) (4,783) (5,928) (5,217) (5,086) (5,386) (3,702) (2,705) (7,639) (3,724.4) (2,908.7) (1,865.6) (2,133.8) (2,619.7) (1,527.2) (400.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 1,577 3,381 6,488 7,540 12,166 6,685 2,453 3,787 6,109 6,046 5,310 5,871 5,058 2,499 3,851 7,079 2,793.1 2,581.3 2,246 2,516.2 1,709.8 1,491.9 11.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (65) 8 (15) 52 (19) 171 31 0 (25) (34) 6 3 (2) (14) (37) (30) (11.2) (47) (19.9) (4.3) (34.6) (20.8) (54.3) (29.7) (20) (24.7) (20.1) (32.4) (89.1) (30.4) (13.6) (427.3) 3.7 (75.9) (3.4) (46.4) (2.2) 1.5
Investing Cash Flow (488) (275) 894 564 (1,524) (3,800) (1,028) (264) 276 (1,008) (1,034) (175) (1,207) (1,067) 514 (1,021) (1,267.5) (798.1) (413.8) 92.9 (1,276.6) (360.4) (946.5) (215.6) (302.8) (342.3) (440) (416.5) (595) (496.3) (230) (581.4) (91.6) (172.9) (109.9) (211.2) (89.4) (40.5)
Financing Activities
Net Debt Issuance 0 (1,001) 0 (504) 15 (249) 6,177 (331) 13 1,748 801 (89) (2) 947 (268) 33 (237.6) 170.3 28.5 (161.3) (24.2) (90.9) (53.1) (316.6) (183.5) (119.2) 503.4 (62.5) 26 388.2 22.6 227 (53.9) (6.3) (152.2) (4.9) (9.3) (100.1)
Stock Repurchased (146) (2,985) (4,250) (5,480) (4,014) (608) (3,067) (4,286) (4,254) (3,223) (3,238) (2,534) (2,628) (1,674) (1,814) (1,859) (741.2) (649.2) (1,248) (985.2) (761.1) (556.2) (419.8) (196.3) (226.9) (157) (646.3) (299.8) (202.3) 0 (18.8) (142.9) (140.1) 0 0 0 0 0
Dividends Paid (2,407) (2,300) (2,169) (2,012) (1,837) (1,638) (1,452) (1,332) (1,243) (1,133) (1,022) (899) (799) (703) (619) (555) (505.4) (466.7) (412.9) (343.7) (290.9) (236.7) (179.2) (137.8) (128.9) (129.7) (133.1) (136.2) (127.3) (100.9) (78.8) (65.4) (60.3) (53) (44.5) (39.1) (28.1) (20.5)
Other Financing Activities (93) 466 (136) (102) 1,000 1,036 833 (44) 649 460 788 732 515 385 583 409 58.5 211.7 406.3 55.8 0 0 0 45.5 61.1 0 0 0 0 0 0 0 0 (0.1) (0.1) 269.3 0 0
Financing Cash Flow (2,292) (5,820) (5,888) (7,447) (4,836) (1,459) 2,491 (5,293) (4,835) (1,942) (2,671) (2,790) (2,914) (1,040) (2,118) (1,972) (1,061.2) (733.9) (1,226.1) (1,111.5) (850.9) (657) (398.5) (605.2) (478.2) (349.9) (252.1) (444.1) (271.4) 313.6 (53.8) 24.9 (250) (52.3) (192.6) 228.5 (35.7) (118.1)
Cash Position
Net Change in Cash 99 (2,396) 2,419 (1,133) (1,315) 1,541 3,882 217 441 670 (714) 1,632 (1,117) 1,020 362 (1,124) 788 157.2 277.2 902.5 (433.9) 560.1 194 58.5 271.5 49.7 56.2 89.5 (336.8) 183.2 46 (302.7) 227.6 31.2 140.3 29.3 4.8 10.3
Cash at Beginning 7,464 9,860 7,441 8,574 9,889 8,348 4,466 4,249 3,808 3,138 3,852 2,220 3,337 2,317 1,955 3,079 2,291.1 2,133.9 1,856.7 954.2 1,388.1 828 634 575.5 304 254.3 198.1 108.6 445.4 262.1 216.1 518.8 291.3 260.1 119.8 90.4 85.7 75.4
Cash at End 7,563 7,464 9,860 7,441 8,574 9,889 8,348 4,466 4,249 3,808 3,138 3,852 2,220 3,337 2,317 1,955 3,079.1 2,291.1 2,133.9 1,856.7 954.2 1,388.1 828 634 575.5 304 254.3 198.1 108.6 445.3 262.1 216.1 518.9 291.3 260.1 119.7 90.5 85.7
Free Cash Flow 2,184 3,268 6,617 4,872 4,430 5,962 1,399 4,784 3,927 2,535 1,953 3,717 2,123 2,391 1,302 1,380 2,829.1 1,280.4 1,487.1 1,565.2 1,334.2 1,313.6 1,300.5 731.5 798.7 338.9 340 576.9 11.6 (142.8) 113.6 100.8 481.2 168.3 330.1 (150.6) 39.9 127.4
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986
Income Statement
Revenue 46,398 46,309 51,362 51,217 46,710 44,538 37,403 39,117 36,397 34,350 32,376 30,601 27,799 25,313 23,331 20,117 19,014 19,176.1 18,627 16,325.9 14,954.9 13,739.7 12,253.1 10,697 9,893 9,488.8 8,995.1 8,776.9 9,553.1 9,186.5 6,470.6 4,760.8 3,789.7 3,931 3,405.2 3,003.6 2,235.2 1,710.8 1,203.4 877.4 1,069.2
Gross Profit 19,911 19,790 22,887 22,292 21,479 19,962 16,241 17,474 15,956 15,312 14,971 14,067 12,446 11,034 10,148 9,202 8,800 8,604.4 8,387.4 7,160.5 6,587 6,115.4 5,251.7 4,383.4 3,888.3 3,703.9 3,814.9 3,512.2 3,721.1 3,851.8 2,696.3 1,985.7 1,552.8 1,604.4 1,363.8 1,187.5 868.2 650.7 414 292.8 356.8
Operating Income 3,800 3,702 6,311 5,915 6,675 6,937 3,115 4,772 4,445 4,749 4,502 4,175 3,680 3,238 3,069 2,841 2,474 2,454.8 2,433.7 2,131.8 2,109.2 1,893.7 1,549.7 1,229.3 1,052.5 1,014.2 984.9 856.8 863.8 1,379.8 975.3 685.7 514.2 621.7 554.6 488.9 396.6 281.1 153.4 76 137.1
Net Income 3,108 3,219 5,700 5,070 6,046 5,727 2,539 4,029 1,933 4,240 3,760 3,273 2,693 2,472 2,211 2,133 1,907 1,486.7 1,883.4 1,491.5 1,392 1,211.6 945.6 474 663.3 589.7 579.1 451.4 399.6 795.8 553.2 399.7 298.8 365 329.2 287 243 167 101.7 35.9 59.2
EPS (Diluted) 2.10 2.16 3.73 3.23 3.75 3.56 1.60 2.49 1.17 2.51 2.16 1.85 1.49 1.36 1.18 1.10 0.97 0.76 0.93 0.73 0.66 0.56 0.44 0.22 0.30 0.27 0.26 0.20 0.17 0.33 0.24 0.17 0.13 0.15 0.14 0.12 0.10 0.07 0.04 0.01 0.02
Balance Sheet
Cash & Equivalents 7,563 7,464 9,860 7,441 8,574 9,889 8,348 4,466 4,249 3,808 3,138 3,852 2,220 3,337 2,317 1,955 3,079.1 2,291.1 2,133.9 1,856.7 954.2 1,388.1 828 634 575.5 304 254.3 198.1 108.6 445.4 262.1 216.1 518.8 291.3 260.1 119.8 90.4 85.7 75.4 126.9 18.1
Total Assets 38,410 36,579 38,110 37,531 40,321 37,740 31,342 23,717 22,536 23,259 21,379 21,597 18,594 17,545 15,465 14,998 14,419.3 13,249.6 12,442.7 10,688.3 9,869.6 8,793.6 7,908.7 6,821.1 6,443 5,819.6 5,856.9 5,247.7 5,397.4 5,361.2 3,951.6 3,142.7 2,373.8 2,187.5 1,872.9 1,708.4 1,094.6 825.4 709.1 511.8 476.8
Total Debt 11,033 11,018 11,952 12,144 12,627 12,813 13,015 3,479 3,810 3,802 2,038 1,260 1,373 1,365 385 663 591.8 812.1 625.1 541.2 709.4 763.3 835 832.7 1,106.4 1,296.6 1,444.6 806.2 861.2 851.4 462 439.6 143.6 176.2 178.8 330.9 65.8 75.2 167.1 83.1 80.4
Stockholders' Equity 14,865 13,213 14,430 14,004 15,281 12,767 8,055 9,040 9,812 12,407 12,258 12,707 10,824 11,081 10,381 9,843 9,753.7 8,693.1 7,825.3 7,025.4 6,285.2 5,644.2 4,781.7 3,990.7 3,839 3,494.5 3,136.3 3,334.9 3,261.9 3,156.1 2,431.4 1,965 1,741.2 1,646.3 1,332 1,033.1 784.5 562.1 411.8 338 316.8
Cash Flow
Operating Cash Flow 2,868 3,698 7,429 5,841 5,188 6,657 2,485 5,903 4,955 3,640 3,096 4,680 3,003 3,027 1,899 1,812 3,164.2 1,736.1 1,936.3 1,878.7 1,667.9 1,570.7 1,514.4 917.4 1,081.5 656.5 759.9 961 517.5 323.1 330 254.9 576.5 265.3 436.6 14.2 127.1 169.4
Capital Expenditure (684) (430) (812) (969) (758) (695) (1,086) (1,119) (1,028) (1,105) (1,143) (963) (880) (636) (597) (432) (335.1) (455.7) (449.2) (313.5) (333.7) (257.1) (213.9) (185.9) (282.8) (317.6) (419.9) (384.1) (505.9) (465.9) (216.4) (154.1) (95.3) (97) (106.5) (164.8) (87.2) (42)
Free Cash Flow 2,184 3,268 6,617 4,872 4,430 5,962 1,399 4,784 3,927 2,535 1,953 3,717 2,123 2,391 1,302 1,380 2,829.1 1,280.4 1,487.1 1,565.2 1,334.2 1,313.6 1,300.5 731.5 798.7 338.9 340 576.9 11.6 (142.8) 113.6 100.8 481.2 168.3 330.1 (150.6) 39.9 127.4