FirmAtlas

Company handbook · NKE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17

NKE · CIK 320187 · LATEST FILING: 10-Q AUG '26 · FILED OCT 2, 2026

NIKE, Inc.

$37.13 −0.01 (−0.03%)

Close, Oct 16, 2026 · 52-week $32–70

↗ nike.com

Last fiscal year

NIKE, Inc. reported revenue of $46.4B for the year ended May 31, 2026 (FY25), up 0.2% from FY24. Net income was $3.1B, operating cash flow $2.9B and free cash flow $2.2B. Source: 10-K filed Jul 15, 2026.

Market cap

$55.0B

P/E

17.8

P/B

3.6

Div yield

4.42%

Revenue 1Y

0.2%/yr

EPS 1Y

−2.8%/yr

Shares 1Y

−0.4%

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Daily closes, split-adjusted · ratios at each fiscal year end

Company

CEOElliott Hill

HQBeaverton, OR

AuditorPricewaterhouseCoopers LLP

Employees73,000

Year endsMay

Revenue by segment · FY25

NIKE Brand97%

Converse3%

Compounded growth & averages

10Y

TTM

Share price

−3.2%

−25.1%

−28.6%

−44.4%

Upgrade to see 10 years

Share price: yearly compound rate of the traded close; the last column is the past year.

Where the cash went · FY24–FY25

$9.0B deployed

Capex $1.1B 12.4%

Dividends $4.7B 52.6%

Buybacks $3.1B 35.0%

Operating cash flow over the period: $6.6B. Total debt changed by +$2.0B.

Sources 10-K FY25 10-Q Aug '26 All filings on EDGAR

Latest filings

Oct 1, 2026 Quarterly results 8-K Sep 16, 2026 Executive or director change 8-K Sep 10, 2026 Executive or director change 8-K Aug 10, 2026 Executive or director change 8-K Jun 30, 2026 Quarterly results 8-K

Growth engines

How much of the profit growth came from new investment, and how much from running the business better.

Upgrade to see 10 years

Financials

Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended May 31, 2026 · change vs previous year

Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier

TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.

Income

FY24 FY25

TTM

Revenue

46,309

46,398+0.2%

45,891

YoY

+0.2%

Gross profit

19,790

19,911+0.6%

19,766

Gross margin

42.7%

42.9%+0.2 pp

—

Interest expense

389

323−17.0%

—

Net income

3,219

3,108−3.4%

3,093

YoY

−3.4%

Net margin

7.0%

6.7%−0.3 pp

—

EPS (diluted, $)

2.16

2.10−2.8%

2.08

YoY

−2.8%

Balance sheet

FY24 FY25

TTM

Total assets

36,579

38,410+5.0%

37,794

Cash & short-term investments

7,464

7,563+1.3%

—

Accounts receivable

4,717

5,931+25.7%

—

Net PP&E

4,828

4,796−0.7%

—

Other assets

19,570

20,120+2.8%

—

Total liabilities

23,366

23,545+0.8%

22,574

Accounts payable

3,479

3,600+3.5%

—

Total debt

7,966

9,942+24.8%

7,893

Other liabilities

11,921

10,003−16.1%

—

Shareholders’ equity

13,213

14,865+12.5%

15,220

Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.

Cash flow statement · as filed

FY24 FY25

TTM

Cash from operations

3,698

2,868−22.4%

2,781

Net income

3,219

3,108−3.4%

—

Depreciation & amortization

775

747−3.6%

—

Stock-based compensation

709

715+0.8%

—

Working capital & other

(1,005)

(1,702)n/m

—

Cash from investing

(275)

(488)n/m

—

Capex

(430)

(684)n/m

—

Investments bought

(3,234)

(1,316)n/m

—

Investments sold / matured

319

556+74.3%

—

Other investing

3,070

956−68.9%

—

Cash from financing

(5,820)

(2,292)n/m

—

Debt repaid

(1,000)

0n/m

—

Dividends

(2,300)

(2,407)n/m

—

Buybacks

(2,985)

(146)n/m

—

Other financing

465

261−43.9%

—

Net change in cash

(2,396)

99n/m

—

Free cash flow (OCF − capex)

3,268

2,184−33.2%

2,105

Where the cash went

FY24 FY25

TTM

Operating cash flow

3,698

2,868−22.4%

2,781

Reinvested in the business

430

684+59.1%

—

% of operating cash flow

11.6%

23.8%

Capex

430

684+59.1%

676

Free cash flow

3,268

2,184−33.2%

2,105

YoY

−33.2%

Returned to shareholders

5,285

2,553−51.7%

—

% of free cash flow

161.7%

116.9%

Dividends

2,300

2,407+4.7%

—

Buybacks

2,985

146−95.1%

—

Change in total debt

—

1,976

—

Cash left over

—

1,607

—

FCF conversion (FCF ÷ net income)

101.5%

70.3%−31.3 pp

—

Owner earnings

—

2,078

—

Owner earnings margin

—

4.5%

—

Buyback yield

3.3%

0.2%−3.1 pp

—

Returns & ratios

FY24 FY25

TTM

Debt / equity

0.60x

0.67x+0.07x

—

Cash conversion cycle (days)

−11

−3+8 d

—

ROE

24.4%

20.9%−3.5 pp

—

ROA

8.8%

8.1%−0.7 pp

—

Invested capital (operating)

6,066

7,127+17.5%

—

Invested capital (all)

13,715

17,244+25.7%

—

Debtor days

47+9 d

—

Days payable

50+2 d

—

Income

Nov '25

Feb '26

May '26

Aug '26

Revenue

12,427

11,279

10,972

11,213

vs year-ago quarter

Gross profit

5,045

4,530

5,393

4,798

Gross margin

40.6%

40.2%

49.2%

42.8%

Net income

792

520

1,069

712

vs year-ago quarter

Net margin

6.4%

4.6%

9.7%

6.3%

EPS (diluted, $)

0.53

0.35

0.72

0.48

vs year-ago quarter

Balance sheet

Nov '25

Feb '26

May '26

Aug '26

Total assets

37,787

37,064

38,410

37,794

Cash & equivalents

6,974

6,660

7,563

6,903

Total debt

7,016

7,030

9,942

7,893

Shareholders’ equity

14,085

14,090

14,865

15,220

Cash flow

Nov '25

Feb '26

May '26

Aug '26

Operating cash flow

579

430

1,637

135

Capex

193

146

138

199

Free cash flow

386

284

1,499

(64)

vs year-ago quarter