Stock research

NIKE, Inc. (NKE) Stock Research

Nike is the world's largest athletic footwear and apparel brand, selling through wholesale partners and a growing direct-to-consumer channel.

For the fiscal year ended May 31, 2026, NIKE, Inc. reported revenue of $46.4B and net income of $3.1B, with operating cash flow of $2.9B. Source: Form 10-K filed July 15, 2026

Reviewed · SEC data as of

Revenue
$46.4B
FY ending 2026-05-31
Net income
$3.1B
FY ending 2026-05-31
Diluted EPS
$2.10
Net margin
6.7%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About NIKE

Its global sourcing footprint gives it heavy exposure to trade and tariff policy.

Exchange
NYSE: NKE
Sector
Consumer Discretionary
SEC industry
Rubber & Plastics Footwear (SIC 3021)
Fiscal year end
May 31
Headquarters
Beaverton, Oregon
Founded
1964

NKE key financials

Reported figures from NIKE, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$46.4B2025-06-01 – 2026-05-31SEC filing
Net income$3.1B2025-06-01 – 2026-05-31SEC filing
Operating cash flow$2.9B2025-06-01 – 2026-05-31SEC filing
Diluted EPS$2.102025-06-01 – 2026-05-31SEC filing
Net margin6.7%2025-06-01 – 2026-05-31SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price.

What investors should watch in NKE

For NIKE, Inc., the most important recurring operating and market variables are:

  • ◆Direct-to-consumer digital sales trends relative to the wholesale channel
  • ◆Product and brand momentum across running, basketball, and lifestyle categories
  • ◆Greater China demand and performance relative to North America and EMEA
  • ◆Tariff exposure tied to a manufacturing base concentrated in Vietnam and Southeast Asia

Key questions for the NKE thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

DTC vs. wholesale economics

Compare margin and brand-control benefits of direct-to-consumer sales against the reach and inventory efficiency of wholesale partners. A shift too far in either direction changes both profitability and retailer relationships.

Brand and product cycles

Nike's results have historically moved with product hits and misses across its major franchises. Watch innovation pipeline commentary and marketing spend for signs of renewed momentum or a longer reset period.

Geographic divergence

Track how North America, Greater China, and EMEA performance diverge. China has swung between growth engine and drag depending on local competition and consumer sentiment, and that mix shapes overall growth.

Supply chain and tariffs

Assess how concentrated sourcing in Vietnam and other Southeast Asian countries exposes Nike to shifts in US trade policy, and how quickly it could diversify manufacturing if tariffs or costs rose.

Does NKE's reported profit turn into cash?

Operating cash flow was $2.9B, 0.92 times net income of $3.1B, for the fiscal year ended May 31, 2026.

Cash from operations trailed reported earnings. Working-capital build (receivables, inventory, prepayments) or non-cash gains are the usual reasons; check the cash-flow statement before relying on reported profit.

Form 10-K filed July 15, 2026

How much of NKE's revenue is left as profit?

Net income was 6.7% of revenue for the fiscal year ended May 31, 2026, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed July 15, 2026

When does NIKE, Inc.'s fiscal year end?

The SEC lists NIKE, Inc.'s fiscal year end as May 31, not December 31. The latest annual figures here run from June 1, 2025 to May 31, 2026.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed July 15, 2026

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Congressional trading in NKE

PoliticianTrade dateTypeOwnerAmountSource
Gilbert Cisneros2026-08-27SaleSelf$15,001 - $50,000Filing #20035390
Kevin Hern2026-08-13SaleSelf$1,001 - $15,000Filing #20035326
Gilbert Cisneros2026-04-14SaleSelf$1,001 - $15,000Filing #20034500
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Valerie Hoyle2025-09-23SaleSpouse$1,001 - $15,000Filing #20032211
Kelly Morrison2025-06-04SaleSelf$1,001 - $15,000Filing #20030475
Kelly Morrison2025-06-04SaleSelf$1,001 - $15,000Filing #20030475
Shelley Capito2025-04-10SaleSpouse$1,001 - $15,000Filing #177da1cd-00da-40c7-b244-5dab13d3fc50
Robert Bresnahan2025-04-08PurchaseSelf$1,001 - $15,000Filing #20030291
Marjorie Greene2025-04-08PurchaseSelf$1,001 - $15,000Filing #20029138

All verified NKE congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

NKE — frequently asked questions

What does NIKE, Inc. do?

Nike is the world's largest athletic footwear and apparel brand, selling through wholesale partners and a growing direct-to-consumer channel.

What were NKE's latest reported annual revenue and net income?

For the fiscal year ended May 31, 2026, NIKE, Inc. reported revenue of $46.4B and net income of $3.1B, with operating cash flow of $2.9B. The figures come from NIKE, Inc.'s SEC XBRL filings.

When does NIKE, Inc.'s fiscal year end?

The SEC lists NIKE, Inc.'s fiscal year end as May 31.

Do members of Congress trade NKE?

The current verified House and Senate snapshot contains 15 transaction rows for NKE, each linked to the original filing.

Where is NIKE, Inc. headquartered?

NIKE, Inc. is headquartered in Beaverton, Oregon and was founded in 1964.

Is NKE a good investment?

This page does not rate NKE as a buy or sell. It sets out what NIKE, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the NKE numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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