Company: NIKE, Inc.
Ticker: NKE
Form: 10-K
Filed: 2025-07-17
Fiscal Period: {"fp": "FY", "fy_curr": 2025, "fy_prev": 2024}

Question: By what percentage did NIKE, Inc.'s net income change from fiscal year 2024 to fiscal year 2025?
Question Type: temporal_comparison

Concept: NetIncomeLoss
Answer (Numeric): -43.53
Answer (Display): -43.53%
Unit: percent_change

Evidence:
[{"chunk_id": "157", "equivalent_chunk_ids": ["157"], "section": "CONSOLIDATED STATEMENTS OF INCOME", "supports": ["current", "previous"], "text": "YEAR ENDED MAY 31,\n(In millions, except per share data)\nRevenues\n46,309\n51,362\n51,217\nCost of sales\n26,519\n28,475\n28,925\nGross profit\n19,790\n22,887\n22,292\nDemand creation expense\n4,689\n4,285\n4,060\nOperating overhead expense\n11,399\n12,291\n12,317\nTotal selling and administrative expense\n16,088\n16,576\n16,377\nInterest expense (income), net\nOther (income) expense, net\nIncome before income taxes\n3,885\n6,700\n6,201\nIncome tax expense\n1,000\n1,131\nNET INCOME\n3,219\n5,700\n5,070\nEarnings per common share:\nBasic\n2.17\n3.76\n3.27\nDiluted\n2.16\n3.73\n3.23\nWeighted average common shares outstanding:\nBasic\n1,484.9\n1,517.6\n1,551.6\nDiluted\n1,487.6\n1,529.7\n1,569.8\nThe accompanying Notes to the Consolidated Financial Statements are an integral part of this statement.\n2025 FORM 10-K\nNIKE, INC."}]

Derivation: {"current_value": 3219.0, "op": "pct_change", "previous_value": 5700.0}