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NIKE, Inc.

NKE Consumer Cyclical Footwear & Accessories

NIKE, Inc.’s revenue for fiscal 2026 (year ended May 2026) was $46.4 billion, roughly unchanged from fiscal 2025. In the quarter to August 2026, revenue fell 4.33%, EPS fell 2.04%, free cash flow fell 526.7% and total debt fell 1.29%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years; insiders bought in the last twelve months.

38.67 0.25 +0.65%
Market cap
$57.1B
P/E
18.5×
Fwd P/E
30.9×
Dividend yield
4.24%
F-score
5/9
Altman Z
3.65
Beneish M
−2.19
Dividend safety
41/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions trades per month

Total buys 8.19
Total sells 7.72
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 3 — — — 4 — — — — — —
Sell 1 — — 1 — — — 1 — 5 3 —
Insider Ownership 20.46%

Capital & Financial Ratios $m

Market Cap 57,070.00
Revenue 45,891.00
Net Income 3,093.00
Free Cash Flow 2,105.00
Net Debt (475.00)
Current Ratio 2.07 (at or above 1.5: strong)
Debt/Equity 0.52
P/E ratio 18.49
Fwd P/E 30.90
P/S ratio 1.25
P/B ratio 3.77
Past 5Y EPS Growth (10.02%) (below 0%: weak)
This Y EPS Growth (39.61%) (below 0%: weak)
Next Y EPS Growth 18.23% (at or above 15%: strong)
Next Y revenue growth (7.77%) (below 0%: weak)
Next 5Y EPS Growth (4.64%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 3.1×; over the ten years it ranged from 1.1× in 2026 to 5.8× in 2021.
P/E against its own 10 years 1.91%
10-year low 10-year high
P/S against its own 10 years 1.65%
10-year low 10-year high
P/B against its own 10 years 1.54%
10-year low 10-year high
EV/Sales against its own 10 years 1.69%
10-year low 10-year high
EV/FCF against its own 10 years 24.24%
10-year low 10-year high

Dividends

Payout Ratio 0.79
Annual Dividend Rate 1.64
Annual Dividend Yield 4.24%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 1.62
0.41
0.41
0.41
2025 1.61
0.40
0.40
0.40
0.41
2024 1.51
0.37
0.37
0.37
0.40
2023 1.39
0.34
0.34
0.34
0.37
2022 1.26
0.31
0.31
0.31
0.34
2021 1.13
0.28
0.28
0.28
0.31
2020 1.01
0.25
0.25
0.25
0.28
2019 0.91
0.22
0.22
0.22
0.25
2018 0.82
0.20
0.20
0.20
0.22
2017 0.74
0.18
0.18
0.18
0.20
2016 0.82
0.16
0.16
0.16
0.16
0.18
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 11,582 9,151 9,027 8,368
Receivables 4,427 4,717 5,931 5,242
Inventory 7,519 7,489 7,501 7,846
Other — — — —
25,382 23,362 24,603 23,673
2024 2025 2026 Q'26
Payables 2,851 3,479 3,600 3,420
ST’ Debt 1,000 — 2,000 2,000
Other — — — —
10,593 10,566 12,547 11,409

Compound Annual Growth %

10y 5y 3y
Sales 3.66% 0.82% (3.24%)
Cash Flow (1.68%) (15.50%) (21.11%)
Earnings (1.89%) (11.51%) (15.05%)
Book Value 1.95% 3.09% 2.01%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY27 Estimate 0.43 Actual 0.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 0.37 0.53 Beat by 0.16
Q3 FY26 0.29 0.35 Beat by 0.06
Q4 FY26 0.11 0.20 Beat by 0.09
Q1 FY27 0.43 0.48 Beat by 0.05
Q2 FY27 0.34 — Reports 17 December 2026

EPS $

Aug Nov Feb May Year
’26 0.48 — — — —
’26 0.49 0.53 0.35 0.72 2.10
’25 0.70 0.78 0.54 0.14 2.16
’24 0.94 1.03 0.77 0.99 3.73
’23 0.93 0.85 0.79 0.66 3.23
’22 1.16 0.83 0.87 0.90 3.75
’21 0.95 0.78 0.90 0.93 3.56
Fiscal quarters ending in the months shown.

Revenue $m

Aug Nov Feb May Year
’26 11,213 — — — —
’26 11,720 12,427 11,279 10,972 46,398
’25 11,589 12,354 11,269 11,097 46,309
’24 12,939 13,388 12,429 12,606 51,362
’23 12,687 13,315 12,390 12,825 51,217
’22 12,248 11,357 10,871 12,234 46,710
’21 10,594 11,243 10,357 12,344 44,538
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 135 — — — —
’26 222 579 430 1,637 2,868
’25 394 1,049 1,792 463 3,698
’24 (66) 2,817 2,059 2,619 7,429
’23 357 1,001 2,230 2,253 5,841
’22 1,111 2,757 169 1,151 5,188
’21 882 2,473 1,290 2,012 6,657
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 (64) — — — —
’26 15 386 284 1,499 2,184
’25 274 920 1,711 363 3,268
’24 (319) 2,612 1,918 2,406 6,617
’23 93 765 2,030 1,984 4,872
’22 927 2,579 15 909 4,430
’21 706 2,305 1,113 1,838 5,962
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 50.35 62.09 71.21 60.00 125.44 82.22 88.66 70.75 52.28 31.97 (4.9%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 65.19 86.04 101.79 147.95 179.10 167.91 131.31 107.85 82.44 68.49 +0.6% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 74,400 73,100 76,700 75,400 73,300 79,100 83,700 79,400 77,800 73,000 (0.2%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.46 0.50 0.51 0.50 0.61 0.59 0.61 0.65 0.60 0.64 +3.6% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 34,350 36,397 39,117 37,403 44,538 46,710 51,217 51,362 46,309 46,398 +3.4% 42,793 43,211 44,649 (1.3%)
Gross margin, % 44.58 43.84 44.67 43.42 44.82 45.98 43.52 44.56 42.73 42.91 (1.7) pt
EBT 4,886 4,325 4,801 2,887 6,661 6,651 6,201 6,700 3,885 3,900 (2.5%)
EBT margin, % 14.22 11.88 12.27 7.72 14.96 14.24 12.11 13.04 8.39 8.41 (5.8) pt
Net income 4,240 1,933 4,029 2,539 5,727 6,046 5,070 5,700 3,219 3,108 (3.4%)
Depreciation 716 774 720 1,119 797 840 859 844 808 797 +1.2%
Per share, $
Per share, $ Revenue 20.72 22.41 24.76 23.99 28.31 29.59 33.01 33.84 31.19 31.35 +4.7%
Earnings 2.56 1.19 2.55 1.63 3.64 3.83 3.27 3.76 2.17 2.10 (2.2%)
Cash flow 2.32 3.05 3.74 1.59 4.23 3.29 3.76 4.90 2.49 1.94 (2.0%)
Capex (0.66) (0.63) (0.71) (0.70) (0.44) (0.48) (0.62) (0.54) (0.29) (0.46) (3.9%)
Free cash flow 1.66 2.42 3.03 0.90 3.79 2.81 3.14 4.36 2.20 1.48 (1.3%)
Book value 7.48 6.04 5.72 5.17 8.12 9.68 9.03 9.51 8.90 10.05 +3.3%
Shares, m 1,658 1,624 1,580 1,559 1,573 1,579 1,552 1,518 1,485 1,480 (1.3%)
Valuation, ×
Valuation, × P/E 20.70 60.34 30.13 61.83 36.85 31.19 32.29 25.35 28.50 21.87 34.9
P/S 2.56 3.20 3.12 4.15 4.75 4.02 3.19 2.81 1.97 1.46 3.1
P/B 7.08 11.88 13.48 19.26 16.57 12.28 11.66 10.00 6.92 4.57 11.4
EV/Sales 2.48 3.15 3.08 4.17 4.67 3.94 3.16 2.76 1.97 1.44 3.1
EV/FCF 30.92 29.24 25.22 111.35 34.89 41.55 33.25 21.39 27.92 30.62 38.6
Cash, $m
Cash, $m Operating cash flow 3,846 4,955 5,903 2,485 6,657 5,188 5,841 7,429 3,698 2,868 (3.2%)
Capex (1,092) (1,028) (1,119) (1,086) (695) (758) (969) (812) (430) (684) (5.1%)
Free cash flow 2,754 3,927 4,784 1,399 5,962 4,430 4,872 6,617 3,268 2,184 (2.5%)
Balance, $m
Balance, $m Working capital 10,587 9,094 8,659 12,272 16,617 17,483 15,946 14,789 12,796 12,056 +1.5%
Total debt 3,477 3,474 3,470 9,409 9,882 9,420 9,358 8,903 7,961 7,942 +9.6%
Net debt (2,702) (1,771) (1,193) 622 (3,594) (3,577) (1,317) (2,679) (1,190) (1,085) (9.6%)
Shareholders’ equity 12,407 9,812 9,040 8,055 12,767 15,281 14,004 14,430 13,213 14,865 +2.0%
Returns, %
Returns, % ROA 19.00 8.44 17.42 9.22 16.58 15.49 13.02 15.07 8.62 8.29 (10.7) pt
ROIC 30.58 34.55 38.01 22.44 47.27 35.64 29.14 33.57 19.24 17.22 (13.4) pt
ROE 34.38 17.40 42.74 29.70 55.01 43.11 34.63 40.09 23.29 22.14 (12.2) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026 · fundamentals updated 8 Oct 2026

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
TOTAL NIKE BRAND 45,222 97.47%
CONVERSE 1,174 2.53%
Gross margin 42.91%
Operating margin 8.18%
Pre-tax margin 8.41%

Revenue by segment since 2009

NIKE, Inc. vs peers in Footwear & Accessories (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NKE NIKE, Inc. $57.1B 18.5× 30.9× −4.33% (below 0%: shrinking) −2.04% (below 0%: shrinking) −526.67% (below 0%: shrinking) 42.79% 7.92%
DECK Deckers Outdoor Corporation $11.3B 11.6× 10.4× +5.70% (above 0%: growing) +1.08% (above 0%: growing) +167.59% (above 0%: growing) 56.41% 15.23% Compare
ONON On Holding AG $10.8B 43.2× 22.6× +18.47% (above 0%: growing) n/m +151.45% (above 0%: growing) 65.35% 14.04% Compare
CROX Crocs, Inc. $7.2B 12.9× 10.1× +2.62% (above 0%: growing) n/m +22.93% (above 0%: growing) 59.41% 24.22% Compare
BIRK Birkenstock Holding PLC $5.9B 15.7× 16.6× +16.05% (above 0%: growing) −10.26% (below 0%: shrinking) −3.15% (below 0%: shrinking) 59.05% 28.22% Compare
SHOO Steven Madden, Ltd. $3.3B 21.5× 16.4× +19.12% (above 0%: growing) n/m +233.50% (above 0%: growing) 46.50% 5.90% Compare
WWW Wolverine World Wide, Inc. $1.7B 16.0× 12.7× +6.79% (above 0%: growing) +15.62% (above 0%: growing) +104.37% (above 0%: growing) 46.47% 9.34% Compare
WEYS Weyco Group, Inc. $501.3M 14.3× 6.9× +6.86% (above 0%: growing) +487.50% (above 0%: growing) −31.69% (below 0%: shrinking) 70.37% 27.36% Compare
FOSL Fossil Group, Inc. $405.1M — (loss-making) — (loss-making) −4.86% (below 0%: shrinking) n/m −130.01% (below 0%: shrinking) 62.38% 1.53% Compare
Median of peers $4.6B 15.7× 12.7× +6.83% +8.35% +63.65% 59.23% 14.63%

All 14 Footwear & Accessories stocks →

Business profile

Updated

NIKE is a Beaverton-based consumer-products company founded in 1964 and led by President and Chief Executive Officer Elliott Hill. It designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and services worldwide.

Its consumer brands are NIKE, Jordan and Converse. NIKE footwear and apparel are designed mainly for sport, although much of the range is also worn casually. Jordan sells athletic and casual footwear, apparel and accessories centered on sport performance and streetwear. Converse sells casual sneakers, apparel and accessories.

From the latest earnings call

Updated

  • Elliott Hill said NIKE is deliberately resetting Sportswear, Jordan Brand and Greater China, and expects the actions to take time to affect results.
  • Dave Denton said NIKE expects fiscal 2027 revenue to decline high-single digits while PACE is intended to generate approximately $2.5 billion in savings.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Guggenheim Oct 30, 2026 Target cut Buy 50.00
BTIG Oct 30, 2026 Target cut Buy 50.00
Freedom Broker Oct 30, 2026 Upgrade Buy 51.00
Barclays Oct 30, 2026 Target raised — 37.00 → 45.00
Berenberg Oct 30, 2026 Downgrade Sell 27.50
Deutsche Bank Oct 22, 2026 Target cut Hold 37.00 → 33.00
Wolfe Research Oct 22, 2026 Initiated Underperform 28.00
HSBC Oct 16, 2026 Target cut — 40.00 → 34.00
Oppenheimer Oct 13, 2026 Target cut Outperform 52.00
BofA Oct 13, 2026 Target cut — 24.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 64.51%
Held by the ten largest 33.67%
Holder Shares Stake Change
Vanguard 136.77m 9.22% +18.57m
Capital Group 86.01m 5.80% +16.24m
BlackRock 81.81m 5.51% −9.98m
State Street 63.60m 4.29% +4.05m
Geode Capital Management 29.26m 1.97% +315.77k
UBS 23.76m 1.60% +3.93m
Wellington Management 22.21m 1.50% −16.14m
Fidelity (FMR) 21.17m 1.43% +168.84k
Morgan Stanley 20.08m 1.35% −1.96m
Invesco 14.90m 1.00% −229.36k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 15 July 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 36.34m 19.28m 36.47
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

NIKE, Inc. (NKE) Latest News

31 Oct

Impact 3 ·

30 Oct

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29 Oct

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28 Oct

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27 Oct

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26 Oct

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25 Oct

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24 Oct

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23 Oct

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22 Oct

Impact 4 ·
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NKE metrics, ten years each

stockrow.com/NKE · Data as of Oct 8, 2026 · For information only; not investment advice. · © 2026 stockrow.com