What Is Nike's Annual Profit?

What Is Nike's Annual Profit?

Nike's annual profit differs from year to year. Annual profit for fiscal year 2014, ending on May 31, 2014, was $12,446,000,000. This amount showed an increase from an annual profit of $11,034,000,000 for fiscal year 2013.

Nike annual profit, or gross profit, is based on net sales, or total revenue, minus the cost of revenue, or the cost of producing those goods. The general profit trend has risen in recent years, increasing by approximately a billion to a billion and a half dollars per year. The company projects its annual income for fiscal year 2015 to increase again. Nike is the world's largest producer of sporting goods and apparel.