NKE · Other

NIKE, Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• Capital Return ProgramImportance 13 · Surprise 6
  NIKE’s Board declared a quarterly cash dividend of $0.41 per share on outstanding Class A and Class B common stock. The dividend is payable on October 1, 2026, to shareholders of record at the close of business on…

News · 2026-08-06

• Capital Return ProgramImportance 13 · Surprise 6
  NIKE’s Board declared a quarterly cash dividend of $0.41 per share on outstanding Class A and Class B common stock. The dividend is payable on October 1, 2026, to shareholders of record at the close of business on…

News · 2026-08-05

• Greater China PerformanceImportance 32 · Surprise 24
  J.P. Morgan downgraded NIKE to Underweight and estimated that the company could face an approximately $1 billion headwind in China. The assessment cited risks in NIKE’s “Win Now” strategy, including the planned…
• Capital Return ProgramImportance 13 · Surprise 6
  NIKE’s Board declared a quarterly cash dividend of $0.41 per share on outstanding Class A and Class B common stock. The dividend is payable on October 1, 2026, to shareholders of record at the close of business on…

News · 2026-08-04

• Greater China PerformanceImportance 32 · Surprise 24
  J.P. Morgan downgraded NIKE to Underweight and estimated that the company could face an approximately $1 billion headwind in China. The assessment cited risks in NIKE’s “Win Now” strategy, including the planned…

10-K · 2026-07-15

• Financing ActivitiesImportance 82 · Surprise 82
  In fiscal 2026, cash used by financing activities was $2,292 million, primarily driven by dividend payments. By comparison, fiscal 2025 cash used by financing activities was $5,820 million, driven by share repurchases,…
• IEEPA Tariff RecoveryImportance 78 · Surprise 100
  On February 20, 2026 the U.S. Supreme Court ruled that tariffs imposed under the IEEPA on imported goods were unauthorized; NIKE recognized a probable recovery and recorded a $986 million benefit in Cost of sales…
• Distribution ChannelsImportance 74 · Surprise 58
  Wholesale grew to $27.5 billion in fiscal 2026 (from $25.9B), driven by higher revenues in North America and expanded distribution, while NIKE Direct declined to $17.7 billion (from $18.8B) primarily due to decreased…
• Greater China PerformanceImportance 74 · Surprise 58
  Greater China revenues decreased 13% on a currency-neutral basis to $5,847 million in fiscal 2026, with wholesale down 14 reflecting prioritized marketplace-health actions and NIKE Direct down 12%, driven by a 29%…
• Converse Revenue Decline and ResetImportance 66 · Surprise 74
  Converse revenues declined to $1,174 million in fiscal 2026 from $1,692 million in fiscal 2025, a reported decrease of 31% and a currency‑neutral decrease of 32% year-over-year; unit sales decreased 31% and ASP…
• Severance and Restructuring ChargesImportance 65 · Surprise 82
  In fiscal 2026 NIKE recognized $385 million of charges associated with employee severance costs as part of cost realignment across supply chain and technology to serve an integrated marketplace. The Company indicates…
• Capital Return ProgramImportance 64 · Surprise 42
  Under the four-year, $18 billion share repurchase program approved in June 2022, NIKE repurchased 124.4 million shares at a cost of approximately $12.1 billion as of May 31, 2026, and purchased 1.8 million shares for…
• Inventory Levels and CompositionImportance 64 · Surprise 42
  Inventories as of May 31, 2026 were $7.5 billion, flat year-over-year, driven primarily by an increase in units offset by product mix changes. The company is actively managing inventory through markdowns and higher…
• Purchase Commitments and Contractual ObligationsImportance 64 · Surprise 42
  As of May 31, 2026, NIKE had endorsement contract obligations of approximately $15.5 billion, with about $1.7 billion payable within 12 months, primarily representing base compensation and minimum guaranteed royalty…
• Endorsement Contract ObligationsImportance 64 · Surprise 42
  As of May 31, 2026, NIKE reports endorsement contract obligations, including marketing commitments, of approximately $15.5 billion, with about $1.7 billion payable within 12 months. The obligations primarily represent…
• Brand and Demand Creation SpendingImportance 63 · Surprise 50
  NIKE is increasing investment in demand creation — including brand marketing and sports marketing — to support key product launches and sports moments, with demand creation expense of $4,754 million in fiscal 2026.…
• Global Brand Divisions LossesImportance 58 · Surprise 42
  Global Brand Divisions reported an EBIT loss of $(4,603) million in fiscal 2026, representing centrally managed NIKE Brand costs including product creation, design, NIKE Direct global digital operations and enterprise…
• Investing ActivitiesImportance 57 · Surprise 64
  In fiscal 2026, cash used by investing activities was $488 million, primarily for additions to property, plant and equipment, partially offset by net changes in short-term investments. In fiscal 2025, cash used by…
• ROIC and Invested CapitalImportance 55 · Surprise 32
  Return on Invested Capital (ROIC) was 18.7% as of May 31, 2026 compared to 20.2% as of May 31, 2025. The ROIC numerator (EBIT less tax adjustment) for the trailing four quarters ended May 31, 2026 was $3,068 million…
• Liquidity and Cash PositionImportance 49 · Surprise 6
  As of May 31, 2026, NIKE reported Cash and equivalents and Short-term investments totaling $9.0 billion, invested primarily in investment-grade instruments with a weighted-average days to maturity of 103 days. The…
• Asia Pacific & Latin America PerformanceImportance 49 · Surprise 32
  Asia Pacific & Latin America revenues were essentially flat, decreasing 1% on a currency-neutral basis to $6,243 million in fiscal 2026, with declines concentrated in Southeast Asia & India, Japan and Korea offset by…
• Product Purchase ObligationsImportance 48 · Surprise 6
  As of May 31, 2026, NIKE had product purchase obligations of approximately $4.9 billion, with roughly $4.7 billion payable within the next 12 months. These obligations represent enforceable agreements, including open…
• Revenue Performance and MixImportance 42 · Surprise 14
  NIKE, Inc. Revenues were $46.4 billion in fiscal 2026 compared to $46.3 billion in fiscal 2025, flat on a reported basis and down 2% on a currency-neutral basis. NIKE Brand wholesale revenues were $27.5 billion in…
• North America PerformanceImportance 42 · Surprise 14
  North America revenues grew 5% on a currency-neutral basis to $20,511 million in fiscal 2026, driven by a 14% increase in wholesale through expanded distribution and higher shipments, while NIKE Direct declined 6% as…
• Europe, Middle East & Africa PerformanceImportance 42 · Surprise 14
  EMEA revenues decreased 3% on a currency-neutral basis to $12,572 million in fiscal 2026, driven by a 9% decline in NIKE Direct (digital down 10%, stores down 8%) while wholesale was flat. Footwear revenues fell 5%…
• Other Purchase ObligationsImportance 42 · Surprise 6
  As of May 31, 2026, NIKE reported other purchase obligations of approximately $2.4 billion, with about $1.6 billion payable within the next 12 months. These obligations primarily include technology investments,…
• Operating Cash Flow TrendsImportance 41 · Surprise 48
  Cash provided by operations declined from $3,698 million in fiscal 2025 to $2,868 million in fiscal 2026, a greater-than-10% year-over-year decrease. Fiscal 2026 cash from operations was driven by net income of $3,108…
• Income Tax Rate ChangesImportance 38 · Surprise 58
  The effective tax rate increased to 20.3% in fiscal 2026 from 17.1% in fiscal 2025, a 320 basis‑point increase. Management attributes the higher effective rate primarily to the absence of a prior‑year one‑time,…
• Outstanding Indebtedness and FacilitiesImportance 38 · Surprise 24
  NIKE filed a shelf registration on July 17, 2025 (the "Shelf") permitting issuance of an unlimited amount of debt securities, which expires on July 17, 2028. On March 6, 2026, the company entered into a 364-day…
• Operating Expense TrendsImportance 37 · Surprise 6
  Total selling and administrative expense was $16,114 million in fiscal 2026, essentially flat versus $16,088 million in fiscal 2025, representing 34.7% of revenues. Demand creation expense was $4,754 million, up 1%…
• Product Management and TransitionsImportance 34 · Surprise 42
  NIKE is accelerating product innovation while deliberately reducing the supply of certain footwear products to rebalance its footwear portfolio, a move intended to restore scarcity and premium positioning. The company…
• Marketplace Management ActionsImportance 34 · Surprise 42
  NIKE is re-positioning NIKE Brand Digital as a full‑price platform and reinvesting in wholesale distribution, including liquidating inventory through increased markdowns across NIKE Direct and accepting higher sales…
• Hedge Accounting and FX ExposureImportance 31 · Surprise 6
  NIKE describes multiple foreign-exchange exposures: product purchase and factory input cost exposures (including a factory currency exposure index), non-functional currency external sales, non-functional currency…
• Gross Margin DriversImportance 25 · Surprise 32
  For fiscal 2026, consolidated gross profit increased 1% to $19.9 billion and gross margin expanded 20 basis points to 42.9%. Gross margin improved approximately 20 basis points from lower warehousing and logistics…
• Supply Chain ConstraintsImportance 24 · Surprise 6
  NIKE states it generally orders product at least four to five months in advance of sale, driven by advanced orders from external wholesale customers and internal direct-to-consumer operations, indicating multi-month…
• Provision for Income TaxesImportance 10 · Surprise 6
  NIKE is subject to U.S., state and multiple foreign tax jurisdictions and estimates its annual effective tax rate on an interim basis to determine year-to-date income tax expense. The company refines its estimated…
• Critical Accounting EstimatesImportance 10 · Surprise 6
  Management identifies sales-related reserves, inventory reserves, hedge accounting for derivatives, income taxes and contingent liabilities as critical accounting estimates that could materially affect reported…