The company designs, develops and markets athletic footwear, apparel, equipment and accessories under the NIKE, Jordan and Converse brands. Products are sold through company-owned retail stores, digital platforms and wholesale accounts including independent distributors, licensees and sales representatives. Customers include footwear, sporting goods, department and specialty retailers as well as consumers purchasing directly through owned stores and digital channels.
| Income statement · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Total revenues | 46,398 | 46,309 | 51,362 | 5 |
| · Footwear | 30,538 | 30,967 | 35,227 | |
| · Apparel | 13,497 | 13,045 | 13,868 | |
| · Equipment | 2,220 | 2,223 | 2,112 | |
| · Other | 143 | 74 | 155 | |
| Cost of revenue | 26,487 | 26,519 | 28,475 | 2 |
| Gross profit | 19,911 | 19,790 | 22,887 | 1 |
| Selling, general and administrative | 16,114 | 16,088 | 16,576 | 1 |
| Depreciation, depletion and amortization | 747 | 775 | 796 | |
| Impairments | 50 | 33 | 48 | |
| Other income (expense), net | 53 | 76 | 228 | |
| Income before income taxes | 3,900 | 3,885 | 6,700 | |
| Income tax provision | 792 | 666 | 1,000 | 1 |
| — of which current | 888 | 954 | 1,497 | 1 |
| Net income attributable to common | 3,108 | 3,219 | 5,700 | 2 |
| Diluted earnings per share | $2.10 | $2.16 | $3.73 | |
| Weighted-average diluted shares | 1,481 | 1,488 | 1,530 |
| Cash flow · $ millions | 2026 | 2025 | 2024 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 3,108 | 3,219 | 5,700 | |
| Depreciation, depletion and amortization | 747 | 775 | 796 | |
| Share-based compensation | 715 | 709 | 804 | |
| Deferred income taxes | (96) | (288) | (497) | |
| Change in receivables | 1,207 | 257 | 329 | |
| Change in inventories | 31 | (120) | (908) | |
| Net cash provided by operating activities | 2,868 | 3,698 | 7,429 | 3 |
| Capital expenditure | 684 | 430 | 812 | 1 |
| Net cash used in investing activities | (488) | (275) | 894 | |
| Dividends paid | 2,407 | 2,300 | 2,169 | 1 |
| Repurchases of common stock | 146 | 2,985 | 4,250 | 1 |
| Debt repaid | 0 | 1,000 | 0 | |
| Net cash used in financing activities | (2,292) | (5,820) | (5,888) | |
| Cash and equivalents at end of period | 7,563 | 7,464 | 9,860 |
| Balance sheet · $ millions | 2026 | 2025 | |
|---|---|---|---|
| Cash and cash equivalents | 7,563 | 7,464 | |
| Receivables, net | 5,931 | 4,717 | 1 |
| Total current assets | 24,603 | 23,362 | |
| Property, plant and equipment, net | 4,796 | 4,828 | |
| Goodwill | 240 | 240 | 1 |
| Intangible assets, net | 259 | 259 | |
| Total assets | 38,410 | 36,579 | 1 |
| Accounts payable | 3,600 | 3,479 | |
| Current debt | 2,000 | 0 | |
| Total current liabilities | 12,547 | 10,566 | |
| Long-term debt | 5,942 | 7,961 | |
| Redeemable interests (temporary equity) | 0 | 0 | |
| Stockholders' equity | 14,865 | 13,213 | |
| Total equity | 14,865 | 13,213 | 1 |
| Segments · as filed in the segment note · $ millions | Nike Brand | Converse | Corporate / other | Consolidated |
|---|---|---|---|---|
| Net sales | 45,222 | 1,174 | 2 | 46,398 |
| Cost of sales | 25,922 | 660 | (95) | 26,487 |
| Selling, general & administrative | 13,525 | 497 | 2,092 | 16,114 |
| Depreciation & amortization | 627 | 8 | 112 | 747 |
| Revenue by product or service · as filed · $ millions | FY2026 | Share |
|---|---|---|
| Footwear | 30,538 | 65.8% |
| Apparel | 13,497 | 29.1% |
| Equipment | 2,220 | 4.8% |
| Other | 143 | 0.3% |
| Total revenues, as filed | 46,398 | 100.0% |
Product lines sum to the filed total.
| Revenue by geography · as filed · $ millions | FY2026 | Share |
|---|---|---|
| United States | 20,358 | 43.9% |
| Total revenues, as filed | 46,398 | 100.0% |
One region filed: no geographic breakdown.
Lines render when they sum to the filed total within 0.5 percent. A reconciling line the company filed closes the gap at any size, and the table is split: every line shown is filed, nothing is implied. A computed line, the filed total less the lines shown, closes up to 5 percent of the total; beyond that the table is partial and says so. Members that add to more than the filed total are a conflict and are not shown. The tolerance is 0.5 percent of the filed total or 2 million dollars, whichever is larger; for a filed total under 400 million dollars the floor is the binding one and the table says within tolerance. Every figure is as filed, in millions of dollars; shares are arithmetic on filed lines.
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2026 | FY2025 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Net cash used in financing activities · CF | (2,292) | (5,820) | +3,528 | +60.6% | ◐ outsized |
| Repurchases of common stock · CF | 146 | 2,985 | −2,839 | -95.1% | ◐ outsized |
| Long-term debt · BS | 5,942 | 7,961 | −2,019 | -25.4% | — |
| Total current liabilities · BS | 12,547 | 10,566 | +1,981 | +18.7% | — |
| Total assets · BS | 38,410 | 36,579 | +1,831 | +5.0% | — |
| Stockholders' equity · BS | 14,865 | 13,213 | +1,652 | +12.5% | — |
| Total equity · BS | 14,865 | 13,213 | +1,652 | +12.5% | — |
| Total current assets · BS | 24,603 | 23,362 | +1,241 | +5.3% | — |
| Receivables, net · BS | 5,931 | 4,717 | +1,214 | +25.7% | — |
| Debt repaid · CF | 0 | 1,000 | −1,000 | -100.0% | — |
| Change in receivables · CF | 1,207 | 257 | +950 | +369.6% | — |
| Net cash provided by operating activities · CF | 2,868 | 3,698 | −830 | -22.4% | — |
| · Apparel · IS | 13,497 | 13,045 | +452 | +3.5% | — |
| · Footwear · IS | 30,538 | 30,967 | −429 | -1.4% | — |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 22.1% sector median 19.8% | strong |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | n/a sector median -2.5% | insufficient data |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.53 sector median 0.26 | moderate |
| FCF consistency, 5yr operating cash flow − capital expenditure, per year | positive 5 of 5 | consistent |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 8.4% sector median 11.7% | cyclical |
| Quarterly · as filed in 10-Q/10-K · $ millions | NOV 24 | FEB 25 | AUG 25 | NOV 25 | FEB 26 |
|---|---|---|---|---|---|
| Total revenues | 12,354 | 11,269 | 11,720 | 12,427 | 11,279 |
| Cost of revenue | 6,965 | 6,594 | 6,777 | 7,382 | 6,749 |
| Gross profit | 5,389 | 4,675 | 4,943 | 5,045 | 4,530 |
| Selling, general and administrative | 4,005 | 3,887 | 4,016 | 4,039 | 3,977 |
| Depreciation, depletion and amortization | 190 | 198 | 190 | 179 | 185 |
| Other income (expense), net | 8 | 38 | (23) | (16) | 82 |
| Income before income taxes | 1,416 | 844 | 922 | 999 | 650 |
| Income tax provision | 253 | 50 | 195 | 207 | 130 |
| Net income attributable to common | 1,163 | 794 | 727 | 792 | 520 |
| Diluted earnings per share | $0.78 | $0.54 | $0.49 | $0.53 | $0.35 |
| Weighted-average diluted shares | 1,490 | 1,481 | 1,479 | 1,481 | 1,482 |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Total revenues | 12,427 | 11,279 | −1,148 | -9.2% |
| Cost of revenue | 7,382 | 6,749 | −633 | -8.6% |
| Gross profit | 5,045 | 4,530 | −515 | -10.2% |
| Income before income taxes | 999 | 650 | −349 | -34.9% |
| Net income attributable to common | 792 | 520 | −272 | -34.3% |
| Other income (expense), net | (16) | 82 | +98 | +612.5% |
| Income tax provision | 207 | 130 | −77 | -37.2% |
| Selling, general and administrative | 4,039 | 3,977 | −62 | -1.5% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $80,529M | 10-K cover · as of 2025-11-28 |
| Insider Form 4s, 90d | 34 filings · 0 buys / 8 sells | net selling · −$771,333 |
| · Montagne Amy | SELL $204,657 | Form 4 filed 2026-08-11 · open market |
| · Alagirisamy Venkatesh | SELL $137,993 | Form 4 filed 2026-09-10 · open market |
| · Leinwand Robert | SELL $137,053 | Form 4 filed 2026-09-10 · open market |
| · Friend Matthew | SELL $102,461 | Form 4 filed 2026-08-07 · open market |
| · Mccartney Philip | SELL $96,193 | Form 4 filed 2026-09-10 · open market |
| Insider ownership % | — | needs the proxy statement — not read yet, never estimated |
| Major holders | 5 of 5%+ in the proxy | the proxy reports per-class percentages (dual-class filer) — withheld until the class column is read, never blended |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from Nike, Inc.'s Form 10-K for FY2026 (accession 0000320187-26-000088), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. NKE is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.