Nike FY26 net income falls 3% to $3.11 billion; revenue rises 0.19% to $46.4 billion

NIKE, Inc. Class B

NIKE, Inc. Class B

NKE

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  • Nike fiscal 2026 net income fell 3% to $ USD 3.11 billion; diluted EPS slipped 3% to $ USD 2.10.
  • Revenue was essentially unchanged at $ USD 46.4 billion; NIKE Direct revenue dropped 6% to $ USD 17.7 billion.
  • Gross margin edged up 0.2 percentage points to 42.9%.
  • Converse revenue sank 31% to $ USD 1.17 billion; Converse EBIT plunged 93% to $ USD 18 million.
  • Management expects product, marketplace, and brand actions to be completed by end-December 2026; Greater China and Converse impacts are expected to persist through fiscal 2027.


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