Latest revenue
$11.28B
as of 2026-02-28
Latest net income
$520.0M
as of 2026-02-28
Net margin
4.6%
as of 2026-02-28
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $70.53B
- Enterprise value
- $71.90B
- P/E (trailing)
- 21.9×
- Forward P/E
- —
- P/B
- 5.01×
- Dividend yield
- 3.6%
- 52-wk high
- $80.17
- 52-wk low
- $41.35
- Beta
- —
- Shares out
- 1.58B
5-year trend
What this company does
Nike designs, markets, and sells athletic footwear, apparel, and equipment under the Nike and Jordan brands through wholesale partners and its own direct-to-consumer stores and digital channels. Product sales—dominated by footwear—drive nearly all revenue, with $35.4 billion booked in the first nine months of fiscal 2026. Profitability is deteriorating sharply: nine-month net income fell 32% to $2.04 billion as gross margins compressed and operating cash flow dropped from $3.2 billion to $1.2 billion, reflecting Nike's ongoing turnaround under new CEO leadership.
Generated from NKE's filing dated 2025-07-17
Key risks
- Margin compression: Q3 gross margin fell to 40.2% from 41.5%; nine-month gross profit dropped $803M despite flat revenue.
- Earnings deterioration: nine-month net income collapsed 32% to $2.04B from $3.01B; operating cash flow fell 62% to $1.23B.
- Cash flow strain vs. capital returns: $1.80B dividends plus $546M capex outpaced $1.23B operating cash, drawing cash balance down $804M.
Generated from NKE's filing dated 2025-07-17
Profitability
Gross margin
42.7%
4.1%Net margin
7.0%
37.4%Return on equity
24.4%
38.3%Return on assets
8.8%
41.2%Leverage
Debt / equity
1.77×
7.8%Long-term debt / equity
0.60×
10.0%Debt / assets
63.9%
2.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-02-28 | $11.28B | +0.1% | $520.0M | -34.5% | 4.6% |
Q4 2025 2025-11-30 | $12.43B | +0.6% | $792.0M | -31.9% | 6.4% |
Q3 2025 2025-08-31 | $11.72B | +1.1% | $727.0M | -30.8% | 6.2% |
Q2 2025 2025-05-31 | $11.10B | -12.0% | $211.0M | -85.9% | 1.9% |
Q1 2025 2025-02-28 | $11.27B | -9.3% | $794.0M | -32.3% | 7.0% |
Q4 2024 2024-11-30 | $12.35B | -7.7% | $1.16B | -26.3% | 9.4% |
Q3 2024 2024-08-31 | $11.59B | -10.4% | $1.05B | -27.5% | 9.1% |
Q2 2024 2024-05-31 | $12.61B | — | $1.50B | — | 11.9% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Rubber & Plastics Footwear · SIC 3021
Your notes
Keep private notes on NKE — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$9.2M
Insider selling
$21.4M
Net activity
−$12.2M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns NKE
Institutional value
$16.31B
Total shares held
313.6M
Distinct holders
744
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 77.4M | $4.09B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 28.5M | $1.50B | — | New |
| 3 | Bank of New York Mellon Corp | 15.2M | $803.0M | — | New |
| 4 | Invesco Ltd. | 15.1M | $799.1M | — | New |
| 5 | UBS Group AG | 12.9M | $679.3M | — | New |
| 6 | FLOSSBACH VON STORCH SE | 12.2M | $643.8M | — | New |
| 7 | Legal & General Group Plc | 8.1M | $429.0M | — | New |
| 8 | VANGUARD FIDUCIARY TRUST CO | 6.7M | $354.1M | — | New |
| 9 | WELLS FARGO & COMPANY/MN | 5.4M | $285.1M | — | New |
| 10 | Jasper Ridge Partners, L.P. | 4.9M | $257.9M | — | New |
| 11 | Nuveen, LLC | 4.5M | $239.1M | — | New |
| 12 | DIMENSIONAL FUND ADVISORS LP | 4.3M | $226.2M | — | New |
| 13 | CITIGROUP INC | 4.1M | $218.1M | — | New |
| 14 | Swiss National Bank | 3.5M | $184.7M | — | New |
| 15 | DEUTSCHE BANK AG\ | 3.3M | $174.4M | — | New |
| 16 | Employees Provident Fund Board | 2.9M | $154.3M | — | New |
| 17 | National Pension Service | 2.8M | $150.1M | — | New |
| 18 | Mitsubishi UFJ Asset Management Co., Ltd. | 2.8M | $148.0M | — | New |
| 19 | Sumitomo Mitsui Trust Group, Inc. | 2.8M | $146.2M | — | New |
| 20 | Vanguard Global Advisers, LLC | 2.6M | $137.6M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Gross margin compressed ~270bps to 40.1% YTD with COGS up $1B on flat revenue—how much is tariff-driven versus structural promotion, and when does it inflect?
- 2
Operating cash flow collapsed from $3.2B to $1.2B YTD, driven by a $1.5B payables drawdown and $623M receivables build—is this channel stuffing wholesale partners?
- 3
Buybacks fell from $2.8B to $146M YTD while $999M of debt moves current—are you preserving liquidity for a credit downgrade or a larger restructuring charge?
Refreshed when NKE files a new report · last from 2025-07-17