Nike — Distribution Channels: D2C vs. Wholesale

In 2025, Nike's physical B2C revenue reached US$45,139m, made up of US$18,236m in direct-to-consumer sales and US$26,903m through wholesale partners. Wholesale leans heavily on offline retail (US$17,756m offline versus US$9,147m online), while Nike's direct-to-consumer business is split more evenly between its online (US$8,989m) and offline (US$9,247m) stores.

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Nike Distribution Channels: 2025 Overview

  • Nike's Physical B2C revenue split into US$18,236m D2C and US$26,903m wholesale in 2025.
  • D2C broke down into US$8,989m online and US$9,247m offline in 2025.
  • Wholesale broke down into US$9,147m online and US$17,756m offline in 2025.

Sales Online vs. Offline (In Million US$)

  • Physical B2C: US$45,139m

    Annual net revenue a brand generated through the sales of physical goods to private end customers.

    • D2C: US$18,236m

      Annual net revenue a brand generated both online and offline through the B2C sales of physical goods via direct-to-consumer channels associated with the brand (e.g., Apple selling via apple.com or its offline Apple Stores).

      • D2C Online: US$8,989m

        Annual net revenue a brand generated online through the B2C sales of physical goods via direct-to-consumer channels associated with the brand, i.e. its own online stores operated by the brand itself as well as its stores on marketplaces (e.g., Apple selling via apple.com or Apple selling via the Apple brand storefront on amazon.com).

        • Brand Revenue – D2C Online via Own Store: US$7,910m

          Annual net revenue a brand generated online through the B2C sales of physical goods via its own direct-to-consumer online stores operated by the brand itself (e.g., Apple selling via apple.com).

        • Brand Revenue – D2C Online via Third-Party’s Store: US$1,079m

          Annual net revenue a brand generated online through the B2C sales of physical goods via its own official brand storefronts hosted on third-party marketplaces, where the brand itself remains the seller (e.g., Samsung selling through its official brand store on amazon.com or tmall.com).

      • D2C Offline: US$9,247m

        Annual net revenue a brand generated offline through the B2C sales of physical goods via direct-to-consumer brick-and-mortar stores associated with the brand (e.g., Apple selling via its offline Apple Stores).

    • Wholesale: US$26,903m

      Annual net revenue a brand generated by selling its physical goods to retailers which then sell the goods both online and offline to B2C end customers (e.g., the brand Samsung selling products to the retailer Walmart).

      • Wholesale Online: US$9,147m

        Annual net revenue a brand generated by selling its physical goods to retailers which then sell the goods online to B2C end customers (e.g., the brand Samsung selling products to the retailer Walmart which then sells them via walmart.com).

      • Wholesale Offline: US$17,756m

        Annual net revenue a brand generated by selling its physical goods to retailers which then sell the goods offline to B2C end customers (e.g., the brand Samsung selling products to the retailer Walmart which then sells them via its brick-and-mortar stores).

Nike Revenue: D2C vs. Wholesale

  • Nike's D2C revenue was US$18,236m in 2025.
  • Nike's wholesale revenue was US$26,903m in 2025.
  • Together, D2C and wholesale made up US$45,139m in 2025.

Brand Revenue — Physical B2C (In Million US$)

Total D2C + Wholesale Revenue, by Year

2023
2024
45,139
26,903
18,236
2025
  • D2C
  • Wholesale

Nike D2C Revenue: Online vs. Offline

  • Nike's D2C online revenue was US$8,989m in 2025.
  • Nike's D2C offline revenue was US$9,247m in 2025.
  • Nike's total D2C revenue was US$18,236m in 2025.

Brand Revenue — D2C (In Million US$)

D2C Revenue Split into Online and Offline, by Year

2023
2024
18,236
9,247
8,989
2025
  • D2C Online
  • D2C Offline

Nike D2C Online: Own Store vs. Third-Party's Store

  • US$7,910m of Nike's D2C online revenue went through its own online store in 2025.
  • US$1,079m went through third-party online stores in 2025.
  • Nike's D2C online revenue totaled US$8,989m in 2025.

Brand Revenue — D2C Online (In Million US$)

D2C Online Revenue Split by Store Ownership, by Year

2023
2024
8,989
1,079
7,910
2025
  • Via Own Store
  • Via Third-Party's Store

Nike Wholesale Revenue: Online vs. Offline

  • Nike's wholesale online revenue was US$9,147m in 2025.
  • Nike's wholesale offline revenue was US$17,756m in 2025.
  • Nike's total wholesale revenue was US$26,903m in 2025.

Brand Revenue — Wholesale (In Million US$)

Wholesale Revenue Split into Online and Offline, by Year

2023
2024
26,903
17,756
9,147
2025
  • Wholesale Online
  • Wholesale Offline

Nike's total brand revenue also includes US$0m from B2B & Services, shown separately on the Overview page and not part of the Physical B2C split above.

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