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NKE

NIKE, Inc.

NKE

NIKE, Inc. • NYSE
$64.63 ▲ 0.47% (+0.30)
Market Cap $95.54 B
52w High $82.44
52w Low $52.28
Dividend Yield 1.60%
P/E 33.14
Volume 4.94M
Outstanding Shares 1.48B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $11.72B ▲ $4.016B ▼ $727M ▲ 6.203% ▲ $0.49 ▲ $1.175B ▲
Q4-2025 $11.097B ▼ $4.148B ▲ $211M ▼ 1.901% ▼ $0.14 ▼ $518M ▼
Q3-2025 $11.269B ▼ $3.887B ▼ $794M ▼ 7.046% ▼ $0.54 ▼ $1.03B ▼
Q2-2025 $12.354B ▲ $4.005B ▼ $1.163B ▲ 9.414% ▲ $0.78 ▲ $1.569B ▲
Q1-2025 $11.589B $4.048B $1.051B 9.069% $0.7 $1.393B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $8.575B ▼ $37.334B ▲ $23.866B ▲ $13.468B ▲
Q4-2025 $9.151B ▼ $36.579B ▼ $23.366B ▼ $13.213B ▼
Q3-2025 $10.393B ▲ $37.793B ▼ $23.786B ▼ $14.007B ▼
Q2-2025 $9.761B ▼ $37.959B ▲ $23.922B ▼ $14.037B ▲
Q1-2025 $10.294B $37.867B $23.923B $13.944B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $727M ▲ $222M ▼ $-59M ▼ $-598M ▲ $-440M ▲ $15M ▼
Q4-2025 $211M ▼ $463M ▼ $14M ▲ $-1.644B ▼ $-1.137B ▼ $363M ▼
Q3-2025 $794M ▼ $1.792B ▲ $-49M ▲ $-1.106B ▲ $622M ▲ $1.711B ▲
Q2-2025 $1.163B ▲ $1.049B ▲ $-74M ▲ $-1.448B ▲ $-506M ▲ $920M ▲
Q1-2025 $1.051B $394M $-166M $-1.622B $-1.375B $274M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Apparel
Apparel
 $3.66Bn ▲$4.31Bn ▲$3.70Bn ▼$3.59Bn ▼
Footwear
Footwear
 $7.90Bn ▲$8.02Bn ▲$7.56Bn ▼$7.49Bn ▼
Product and Service Other
Product and Service Other
 $30.00M ▲$20.00M ▼$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Nike’s sales have grown meaningfully over the past several years, but the most recent year shows a step down from the prior peak. Profit margins have also narrowed, with operating profit and net income slipping more than sales, suggesting higher costs, heavier discounting, or mix shifts. Earnings per share are still solid versus a few years ago, but trending down from recent highs. Overall, the income statement shows a mature leader facing a tougher environment and some pressure on profitability, rather than a breakdown in the core business.

Balance Sheet

Balance Sheet Nike’s balance sheet looks relatively sturdy, with total assets and cash holdings remaining sizable and debt levels fairly stable over time. Cash has come down from a recent high but is still healthy, and debt has not been climbing, which limits financial strain. Shareholders’ equity rose over the medium term but has edged down from its peak, reflecting buybacks, dividends, and softer recent earnings. In short, the company appears well-capitalized, but it has a bit less cushion than at its best point in the last few years.

Cash Flow

Cash Flow Nike consistently generates meaningful cash from its operations, and this has comfortably covered its investment spending each year, leaving solid free cash flow. The latest year shows a notable drop in cash generated compared with an unusually strong prior year, indicating some cooling in underlying momentum or less favorable working-capital swings. That said, free cash flow remains positive and resilient, which gives management ongoing flexibility for dividends, buybacks, and strategic investments. The cash flow profile is a key strength, even if recent trends point to slower growth than before.

Competitive Edge

Competitive Edge Nike retains one of the strongest brands in global sports and lifestyle, with deep emotional ties to consumers and a long history of successful athlete partnerships. Its scale, global distribution, and shift toward selling more directly to consumers through its own stores and apps help reinforce pricing power and customer loyalty. At the same time, it faces intense competition from other major athletic and fashion brands, fast-changing consumer tastes, and the need to manage a complex global supply chain. Overall, Nike’s competitive moat remains wide, but not immune to fashion cycles, regional demand shifts, or missteps in product or marketing.

Innovation and R&D

Innovation and R&D Innovation remains central to Nike’s identity, from cushioning and materials to sustainability initiatives and digital experiences. The company is pushing a new multi‑year innovation cycle built around refreshed Air technology, smart performance features, and new platforms that blend physical and mental performance. Its investment in digital tools, personalization, and data-driven product design helps differentiate the brand and deepen customer engagement. The main risk is execution: Nike must keep turning its research pipeline into hit products that resonate with both performance athletes and everyday consumers in a crowded, fast-moving market.

Summary

Overall, Nike looks like a global leader experiencing a normalization phase after several strong years: revenue has cooled a bit and profit margins have come under pressure, but the business remains clearly profitable. The balance sheet and cash generation provide resilience and room to keep investing, even as recent trends are less favorable than the prior peak period. Its competitive edge still rests on a powerful brand, global scale, and a deep innovation engine, particularly in product technology and digital engagement. The key questions going forward are whether Nike can reaccelerate demand, rebuild margins, and convert its next wave of product and digital innovations into sustained growth amid fierce competition and shifting consumer preferences.

NEWS

November 24, 2025 · 5:00 PM UTC

NIKE, Inc. Announces Second Quarter Fiscal 2026 Earnings and Conference Call

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November 20, 2025 · 4:15 PM UTC

NIKE, Inc. Declares $0.41 Quarterly Dividend

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November 19, 2025 · 9:00 AM UTC

Tegra Recognized as Core Factory Partner at Nike's "2025 Global Factory Partner Summit"

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November 4, 2025 · 9:00 AM UTC

Leading Brands Including Nike, The North Face and More Honor U.S. Military Communities this Veterans Day with Exclusive Discounts Verified by SheerID

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September 30, 2025 · 4:15 PM UTC

NIKE, Inc. Reports Fiscal 2026 First Quarter Results

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