NKE · 10-K · 2026A · Full report

Purchase Commitments and Contractual Obligations

NIKE, Inc. · 2026-07-15 · Importance 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 fees to athlete and team endorsers. Product purchase obligations totaled approximately $4.9 billion, with about $4.7 billion payable within the next 12 months, reflecting orders placed months in advance based on wholesale and DTC demand forecasts. Other purchase obligations were approximately $2.4 billion, with $1.6 billion payable within 12 months and primarily include technology investments, external services and marketing commitments. The disclosed amounts represent minimum payments required by legally binding contracts and may include open purchase orders and contingent bonus or royalty payments under endorsement agreements.