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.
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NIKE, Inc. 10-K filed Jul 15, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 25.7% while revenue grew 0.2% year over year
What changed
Item 1, Business, against the 10-K filed Jul 17, 2025: 4 added · 6 removed · 29 modified; 9 with only figures updated
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Modified · GENERAL
Our principal business activity is the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services. NIKE is the largest seller of athletic footwear and apparel in the world. We sell our products through NIKE Direct operations, which are comprised of both NIKE-owned retail stores and sales through our digital platforms (also referred to as "NIKE Brand Digital") and to wholesale accounts, which include a mix of independent distributors, licensees and sales representatives in nearly all countries around the world. We also offer interactive consumer services and experiences. Nearly all of our products are manufactured by independent contractors. Nearly all footwear
and, apparelproducts are manufactured outside the United States, whileand equipment products are manufacturedboth inoutside the United Statesand abroad.
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