NKE · 10-Q · 2026Q3 · Full report

Capital Return Program

NIKE, Inc. · 2026-10-02 · Importance 44 · Surprise 24 · Contradicted

NIKE returned approximately $0.6 billion to shareholders through dividends in the first quarter of fiscal 2027. The Board reapproved the $18 billion share repurchase authorization in June 2026 without a fixed expiration date or increase in authorized capacity. As of August 31, 2026, NIKE had repurchased 124.4 million shares at an average price of $97.57 per share for approximately $12.1 billion. No shares were repurchased during the quarter, and future repurchases depend on market conditions, operating cash flow and liquidity needs.

Key facts

• In June 2026, the Board of Directors reapproved the $18 billion share repurchase program to continue without a fixed expiration date and without increasing the aggregate amount authorized for repurchase. source
• As of August 31, 2026, we repurchased 124.4 million shares at an average price of $97.57 per share for a total approximate cost of $12.1 billion under the program. source
• For the three months ended August 31, 2026, cash used by financing activities was $618 million, primarily driven by dividend payments. source
• We returned approximately $0.6 billion to our shareholders in the first quarter of fiscal 2027 through dividends. source
• We paused repurchases under this program during the first quarter of fiscal 2026 and no shares were repurchased during the quarter ended August 31, 2026. source

Impact estimates