NKE · 10-K · 2026A · Full report

Capital Return Program

NIKE, Inc. · 2026-07-15 · Importance 64 · Surprise 42 · In source text

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 $122.4 million in fiscal 2026. In June 2026 the Board reapproved the program to continue without a fixed expiration date and without increasing the aggregate authorized amount. The company paused repurchases during the first quarter of fiscal 2026 and repurchases were resumed later in the fiscal year, with no shares repurchased during the quarter ended May 31, 2026. NIKE may resume repurchases depending on market conditions, operating cash flows and liquidity needs and expects any future repurchases to be funded from operating cash flows.

Key facts

• As of May 31, 2026, NIKE had repurchased 124.4 million shares at a cost of approximately $12.1 billion (an average price of $97.57 per share) under the $18 billion share repurchase program. source
• We returned approximately $2.5 billion to our shareholders in fiscal 2026 primarily through dividends. source
• In June 2026, the Board of Directors reapproved the current share repurchase program to continue without a fixed expiration date and without increasing the aggregate amount authorized for repurchase. source
• NIKE may resume share repurchases in the future at any time depending upon market conditions, operating cash flows and liquidity and capital needs, and expects funding of any future repurchases to come from operating cash flows. source
• In fiscal 2026, NIKE purchased 1.8 million shares of Class B Common Stock for $122.4 million at an average price of $67.63 per share under the four-year, $18 billion share repurchase program. source
• NIKE paused repurchases under the program during the first quarter of fiscal 2026 and no shares were repurchased during the quarter ended May 31, 2026. source

Impact estimates