NKE · 10-Q · 2026Q3 · Full report

Foreign Tax Audit Settlements

NIKE, Inc. · 2026-10-02 · Importance 29 · Surprise 50

NIKE's effective tax rate increased from 21.1% to 22.7% in the first quarter of fiscal 2027. Management attributed the increase primarily to foreign tax audit settlements recognized during the current year. The filing does not disclose the settlement amount or identify the jurisdictions involved.

Key facts

• The impact of foreign exchange rate fluctuations on the translation of our consolidated Revenues was a benefit of approximately $26 million for the three months ended August 31, 2026. source