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NIKE, Inc. (NKE) Q1 FY2027 Financial Statements: Revenue $11.21B, Net income $712.00M

CIK 0000320187 · NYSE · Latest period: Q1 FY2027 (ended 2026-08-31, 10-Q accession 0000320187-26-000193) · Annual report: FY2026 10-K (filed 2026-07-15, accession 0000320187-26-000088) · Next expected filing: 10-Q ~2026-12-29

More for NIKE: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ1 FY2027

Published

Nike reported $11.21 billion in revenue for Q1 FY2027, the quarter ended August 31, 2026, down 4.3% from a year earlier, as lower sales in Greater China, Europe, Middle East and Africa, and Converse outweighed growth in North America. Net income was $712 million, down 2.1%, and diluted earnings per share were $0.48 against $0.49, with a wider gross margin and lower operating overhead cushioning the drop in sales. Greater China revenue was $1.18 billion, down 22.0%, and NIKE Direct revenue was $4.14 billion, down 8.2%. Nike, which now expects parts of its reset to run beyond fiscal 2027, said it expects full-year revenue to decline and announced a multi-year restructuring program called Pace.

MetricAmountvs. year ago
Revenue$11,213,000,000down 4.3%
Net income$712,000,000down 2.1%
Diluted EPS$0.48down 2.0%
Greater China revenue$1,180,000,000down 22.0%
NIKE Direct revenue$4,142,000,000down 8.2%

Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.

About this file

TickerNKE
CIK0000320187
CompanyNIKE, Inc.
Business typeconsumer
Schema templatestandard consumer products: revenue, gross profit, selling and administrative expense, EBIT, net income and EPS; cash, debt, inventories and equity; operating cash flow, capital expenditures and free cash flow; revenue and EBIT by reportable segment, revenue by product line and by sales channel
Schema rationaleNIKE designs, markets and sells athletic footwear, apparel and equipment through wholesale customers and its own direct-to-consumer channels. Its income statement strikes gross profit but no operating income line: selling and administrative expense is split into demand creation expense and operating overhead expense, and the company measures its segments on earnings before interest and taxes (EBIT). The record therefore carries those captions as printed, EBIT as the company reconciles it, and the regional segment, product-line and channel splits the company publishes, because geography (notably Greater China), the wholesale versus direct mix and inventory are what move this business.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share amounts in dollars per share
Fiscal calendar noteNIKE's fiscal year ends on May 31. The year ended May 31, 2026 is fiscal 2026, and the quarter ended August 31, 2026 is the first quarter of fiscal 2027.

NKE annual income statement, balance sheet and cash flow

FY2026FY2025FY2024
Period start2025-06-012024-06-012023-06-01
Period end2026-05-312025-05-312024-05-31
Period typefiscal yearfiscal yearfiscal year
Source accession10-K10-K10-K
Income statement
Revenues46,398,000,00046,309,000,00051,362,000,000
Cost of sales26,487,000,00026,519,000,00028,475,000,000
Gross profit19,911,000,00019,790,000,00022,887,000,000
Demand creation expense4,754,000,0004,689,000,0004,285,000,000
Operating overhead expense11,360,000,00011,399,000,00012,291,000,000
Total selling and administrative expense16,114,000,00016,088,000,00016,576,000,000
Interest income expense net-50,000,000-107,000,000-161,000,000
Other income expense net-53,000,000-76,000,000-228,000,000
Income before income taxes3,900,000,0003,885,000,0006,700,000,000
Income tax expense792,000,000666,000,0001,000,000,000
Net income3,108,000,0003,219,000,0005,700,000,000
Basic EPS2.102.173.76
Diluted EPS2.102.163.73
Basic shares1,479,800,0001,484,900,0001,517,600,000
Diluted shares1,481,000,0001,487,600,0001,529,700,000
EBIT3,850,000,0003,778,000,0006,539,000,000
Dividends declared per common share1.631.571.45
Balance sheet
Cash and equivalents7,563,000,0007,464,000,000
Short term investments1,464,000,0001,687,000,000
Accounts receivable net5,931,000,0004,717,000,000
Inventories7,501,000,0007,489,000,000
Prepaid expenses and other current assets2,144,000,0002,005,000,000
Total current assets24,603,000,00023,362,000,000
Property plant and equipment net4,796,000,0004,828,000,000
Operating lease right of use assets net2,838,000,0002,712,000,000
Identifiable intangible assets net259,000,000259,000,000
Goodwill240,000,000240,000,000
Deferred income taxes and other assets5,674,000,0005,178,000,000
Total assets38,410,000,00036,579,000,000
Current portion of long term debt2,000,000,0000
Accounts payable3,600,000,0003,479,000,000
Current portion of operating lease liabilities478,000,000502,000,000
Accrued liabilities6,092,000,0005,916,000,000
Income taxes payable377,000,000669,000,000
Total current liabilities12,547,000,00010,566,000,000
Long term debt5,942,000,0007,961,000,000
Operating lease liabilities2,613,000,0002,550,000,000
Deferred income taxes and other liabilities2,443,000,0002,289,000,000
Capital in excess of stated value15,158,000,00014,195,000,000
Accumulated other comprehensive income loss-141,000,000-258,000,000
Retained earnings deficit-155,000,000-727,000,000
Total shareholders equity14,865,000,00013,213,000,000
Total debt7,942,000,0007,961,000,000
Total liabilities23,545,000,00023,366,000,000
Cash flow
Depreciation and amortization747,000,000775,000,000796,000,000
Stock based compensation715,000,000709,000,000804,000,000
Change in accounts receivable-1,207,000,000-257,000,000-329,000,000
Change in inventories-31,000,000120,000,000908,000,000
Operating cash flow2,868,000,0003,698,000,0007,429,000,000
Capital expenditures-684,000,000-430,000,000-812,000,000
Investing cash flow-488,000,000-275,000,000894,000,000
Repayment of borrowings0-1,000,000,0000
Proceeds from stock option exercises and other issuances354,000,000551,000,000667,000,000
Repurchase of common stock-146,000,000-2,985,000,000-4,250,000,000
Dividends paid common and preferred-2,407,000,000-2,300,000,000-2,169,000,000
Financing cash flow-2,292,000,000-5,820,000,000-5,888,000,000
Net change in cash and equivalents99,000,000-2,396,000,0002,419,000,000
Free cash flow2,184,000,0003,268,000,0006,617,000,000
Revenue by segment
North america20,511,000,00019,572,000,00021,396,000,000
Europe middle east and africa12,572,000,00012,257,000,00013,607,000,000
Greater china5,847,000,0006,586,000,0007,545,000,000
Asia pacific and latin america6,243,000,0006,251,000,0006,729,000,000
Global brand divisions49,000,00048,000,00045,000,000
Total nike brand45,222,000,00044,714,000,00049,322,000,000
Converse1,174,000,0001,692,000,0002,082,000,000
Corporate2,000,000-97,000,000-42,000,000
Total nike inc46,398,000,00046,309,000,00051,362,000,000
EBIT by segment
North america5,376,000,0004,735,000,0005,822,000,000
Europe middle east and africa2,417,000,0002,575,000,0003,388,000,000
Greater china1,278,000,0001,602,000,0002,309,000,000
Asia pacific and latin america1,387,000,0001,527,000,0001,885,000,000
Global brand divisions-4,603,000,000-4,699,000,000-4,720,000,000
Total nike brand5,855,000,0005,740,000,0008,684,000,000
Converse18,000,000240,000,000474,000,000
Corporate-2,023,000,000-2,202,000,000-2,619,000,000
Revenue by product line
Footwear30,538,000,00030,967,000,00035,227,000,000
Apparel13,497,000,00013,045,000,00013,868,000,000
Equipment2,220,000,0002,223,000,0002,112,000,000
Other143,000,00074,000,000155,000,000
Revenue by channel
Sales to wholesale customers28,058,000,00026,758,000,00028,856,000,000
Sales through direct to consumer18,197,000,00019,477,000,00022,351,000,000
Other143,000,00074,000,000155,000,000
Nike brand revenue by channel
Sales to wholesale customers27,453,000,00025,883,000,00027,758,000,000
Sales through direct to consumer17,720,000,00018,783,000,00021,519,000,000
Other49,000,00048,000,00045,000,000
  • Balance sheet note, FY2024. The fiscal 2026 Annual Report on Form 10-K presents balance sheets as of May 31, 2026 and 2025 only, so no balance sheet is reported here for fiscal 2024.

NKE quarterly income statement, balance sheet and cash flow

Q1 FY2027Q1 FY2026
Fiscal quarter11
Period start2026-06-012025-06-01
Period end2026-08-312025-08-31
Period typethree monthsthree months
Source accession10-Q10-Q
Income statement
Revenues11,213,000,00011,720,000,000
Cost of sales6,415,000,0006,777,000,000
Gross profit4,798,000,0004,943,000,000
Demand creation expense1,252,000,0001,188,000,000
Operating overhead expense2,658,000,0002,828,000,000
Total selling and administrative expense3,910,000,0004,016,000,000
Interest income expense net-14,000,000-18,000,000
Other income expense net-19,000,00023,000,000
Income before income taxes921,000,000922,000,000
Income tax expense209,000,000195,000,000
Net income712,000,000727,000,000
Basic EPS0.480.49
Diluted EPS0.480.49
Basic shares1,483,600,0001,476,600,000
Diluted shares1,484,200,0001,479,000,000
EBIT907,000,000904,000,000
Dividends declared per common share0.410.40
Balance sheet
Cash and equivalents6,903,000,000
Short term investments1,465,000,000
Accounts receivable net5,242,000,000
Inventories7,846,000,000
Prepaid expenses and other current assets2,217,000,000
Total current assets23,673,000,000
Property plant and equipment net4,887,000,000
Operating lease right of use assets net2,947,000,000
Identifiable intangible assets net259,000,000
Goodwill240,000,000
Deferred income taxes and other assets5,788,000,000
Total assets37,794,000,000
Current portion of long term debt2,000,000,000
Accounts payable3,420,000,000
Current portion of operating lease liabilities473,000,000
Accrued liabilities5,338,000,000
Income taxes payable178,000,000
Total current liabilities11,409,000,000
Long term debt5,893,000,000
Operating lease liabilities2,706,000,000
Deferred income taxes and other liabilities2,566,000,000
Capital in excess of stated value15,312,000,000
Accumulated other comprehensive income loss-39,000,000
Retained earnings deficit-56,000,000
Total shareholders equity15,220,000,000
Total debt7,893,000,000
Total liabilities22,574,000,000
Cash flow
Depreciation and amortization193,000,000190,000,000
Stock based compensation158,000,000185,000,000
Change in accounts receivable695,000,000-215,000,000
Change in inventories-312,000,000-610,000,000
Operating cash flow135,000,000222,000,000
Capital expenditures-199,000,000-207,000,000
Investing cash flow-192,000,000-59,000,000
Proceeds from stock option exercises and other issuances0127,000,000
Repurchase of common stock0-126,000,000
Dividends paid common and preferred-610,000,000-591,000,000
Financing cash flow-618,000,000-598,000,000
Net change in cash and equivalents-660,000,000-440,000,000
Free cash flow-64,000,00015,000,000
Revenue by segment
North america5,127,000,0005,020,000,000
Europe middle east and africa3,176,000,0003,331,000,000
Greater china1,180,000,0001,512,000,000
Asia pacific and latin america1,463,000,0001,490,000,000
Global brand divisions6,000,0009,000,000
Total nike brand10,952,000,00011,362,000,000
Converse263,000,000366,000,000
Corporate-2,000,000-8,000,000
Total nike inc11,213,000,00011,720,000,000
EBIT by segment
North america1,170,000,0001,134,000,000
Europe middle east and africa728,000,000735,000,000
Greater china248,000,000377,000,000
Asia pacific and latin america324,000,000350,000,000
Global brand divisions-1,110,000,000-1,192,000,000
Total nike brand1,360,000,0001,404,000,000
Converse25,000,00039,000,000
Corporate-478,000,000-539,000,000
Revenue by product line
Footwear7,178,000,0007,731,000,000
Apparel3,392,000,0003,324,000,000
Equipment617,000,000638,000,000
Other26,000,00027,000,000
Revenue by channel
Sales to wholesale customers6,948,000,0007,034,000,000
Sales through direct to consumer4,239,000,0004,659,000,000
Other26,000,00027,000,000
Nike brand revenue by channel
Sales to wholesale customers6,804,000,0006,839,000,000
Sales through direct to consumer4,142,000,0004,514,000,000
Other6,000,0009,000,000
  • Balance sheet note, Q1 FY2026. The first-quarter fiscal 2027 Form 10-Q presents balance sheets as of August 31, 2026 and May 31, 2026 only, so no balance sheet is reported here as of August 31, 2025.

NKE year-to-date income statement and cash flow

First three months of FY2027
Period start2026-06-01
Period end2026-08-31
Period typethree months
Source accession10-Q
Income statement
Revenues11,213,000,000
Cost of sales6,415,000,000
Gross profit4,798,000,000
Demand creation expense1,252,000,000
Operating overhead expense2,658,000,000
Total selling and administrative expense3,910,000,000
Interest income expense net-14,000,000
Other income expense net-19,000,000
Income before income taxes921,000,000
Income tax expense209,000,000
Net income712,000,000
Basic EPS0.48
Diluted EPS0.48
Basic shares1,483,600,000
Diluted shares1,484,200,000
EBIT907,000,000
Dividends declared per common share0.41
Cash flow
Depreciation and amortization193,000,000
Stock based compensation158,000,000
Change in accounts receivable695,000,000
Change in inventories-312,000,000
Operating cash flow135,000,000
Capital expenditures-199,000,000
Investing cash flow-192,000,000
Proceeds from stock option exercises and other issuances0
Repurchase of common stock0
Dividends paid common and preferred-610,000,000
Financing cash flow-618,000,000
Net change in cash and equivalents-660,000,000
Free cash flow-64,000,000
  • Note. Fiscal 2027 began on June 1, 2026, so the year-to-date period ended August 31, 2026 is the same three months as the first quarter of fiscal 2027.

NKE trailing twelve month income statement and cash flow

Twelve months ended August 31, 2026
Period start2025-09-01
Period end2026-08-31
Period typetrailing twelve months
Source accession10-Q
Source accessions10-K, 10-Q
Income statement
Revenues45,891,000,000
Cost of sales26,125,000,000
Gross profit19,766,000,000
Demand creation expense4,818,000,000
Operating overhead expense11,190,000,000
Total selling and administrative expense16,008,000,000
Interest income expense net-46,000,000
Other income expense net-95,000,000
Income before income taxes3,899,000,000
Income tax expense806,000,000
Net income3,093,000,000
EBIT3,853,000,000
Cash flow
Depreciation and amortization750,000,000
Stock based compensation688,000,000
Operating cash flow2,781,000,000
Capital expenditures-676,000,000
Repurchase of common stock-20,000,000
Dividends paid common and preferred-2,426,000,000
Free cash flow2,105,000,000
  • Derivation. Fiscal 2026 (from the fiscal 2026 Form 10-K, accession 0000320187-26-000088) plus the first quarter of fiscal 2027 less the first quarter of fiscal 2026 (both from the first-quarter fiscal 2027 Form 10-Q, accession 0000320187-26-000193), line by line. NIKE does not publish a trailing-twelve-month statement; these figures are computed, not printed. Per-share amounts are not additive and are not reported for this period.

Adjustments

Splits appliednone
ADR ration/a
FXNone. NIKE reports in U.S. dollars, so no translation was required.

Notes

  • Fiscal years 2026, 2025 and 2024 are taken from NIKE's Annual Report on Form 10-K for the fiscal year ended May 31, 2026 (accession 0000320187-26-000088, filed July 15, 2026). That report presents income statements and cash flow statements for all three years and balance sheets as of May 31, 2026 and 2025, so fiscal 2024 carries no balance sheet here.
  • The first quarters of fiscal 2027 and fiscal 2026 are taken from the Form 10-Q for the quarter ended August 31, 2026 (accession 0000320187-26-000193, filed October 2, 2026). Its balance sheet compares August 31, 2026 with May 31, 2026; the May 31, 2026 column agrees line for line with the fiscal 2026 Form 10-K, so the fiscal 2026 balance sheet here serves as the year-end comparison.
  • NIKE's income statement does not present an operating income line. Selling and administrative expense is shown as demand creation expense plus operating overhead expense, and the company evaluates its business on earnings before interest and taxes (EBIT), defined as net income before interest (income) expense, net and income tax expense. The ebit figures are taken from the company's own reconciliation in each filing (fiscal 2026: $3,850 million; first quarter of fiscal 2027: $907 million); the company describes total NIKE, Inc. EBIT as a non-GAAP financial measure. Segment EBIT is the segment profit measure reported in the segment information note.
  • Interest (income) expense, net and other (income) expense, net follow the filing's caption: a positive figure is net expense and a negative figure is net income. In the cash flow statement, capital expenditures, share repurchases and dividends paid are negative because they are cash outflows.
  • Capital expenditures are the cash flow statement's additions to property, plant and equipment. Free cash flow is computed here as cash provided by operations less those additions; NIKE does not report a free cash flow figure in these filings.
  • Total debt is computed here as the current portion of long-term debt plus long-term debt, which agrees with the $7,942 million total in the long-term debt note at May 31, 2026. It excludes operating lease liabilities; the company's own return on invested capital calculation uses a broader total debt that includes them.
  • NIKE's balance sheet does not print a total liabilities line. Total liabilities here is the sum of total current liabilities, long-term debt, operating lease liabilities and deferred income taxes and other liabilities (redeemable preferred stock is printed as nil), and equals total assets less total shareholders' equity in every balance sheet reported.
  • Dividends declared per common share are taken from the consolidated statements of shareholders' equity, which state dividends on common stock of $1.63, $1.57 and $1.45 per share for fiscal 2026, 2025 and 2024, and $0.41 and $0.40 per share for the first quarters of fiscal 2027 and 2026.
  • Weighted average share counts are printed in millions to one decimal place and are stored here in actual shares. NIKE has Class A and Class B common stock; earnings per share is reported for the two classes together.
  • The year-to-date block repeats the first quarter of fiscal 2027, because fiscal 2027 began on June 1, 2026. The trailing-twelve-month block is computed as fiscal 2026 plus the first quarter of fiscal 2027 less the first quarter of fiscal 2026; the company does not publish a trailing-twelve-month statement.
  • In the fourth quarter of fiscal 2026 NIKE recognized a $986 million benefit in cost of sales for the recovery of tariffs paid under the International Emergency Economic Powers Act, after the U.S. Supreme Court ruled on February 20, 2026 that those tariffs were unauthorized. The 10-K states that $965 million of the benefit was classified within North America and $21 million within Converse, largely offsetting the impact of those tariffs recognized during fiscal 2026, and that $684 million of the recovery was an outstanding receivable within accounts receivable, net at May 31, 2026. Fiscal 2026 cost of sales, gross profit and North America EBIT include this benefit.
  • Revenue by segment, by product line and by sales channel is taken from the revenue disaggregation and segment information notes. NIKE Brand comprises the four geographic segments (North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America) plus Global Brand Divisions, which carries brand licensing revenue and centrally managed costs. Corporate revenue consists primarily of foreign currency gains and losses managed through the company's central foreign exchange risk management program. The total-company channel split uses the Total NIKE, Inc. column; the NIKE Brand channel split uses the Total NIKE Brand column. Revenue by product line, in every period, uses the Total NIKE, Inc. column (NIKE Brand plus Converse plus Corporate), so it includes Converse and is not the NIKE Brand figure. For the first quarter of fiscal 2027, total footwear revenue was $7,178 million, of which NIKE Brand was $6,951 million, and total apparel revenue was $3,392 million, of which NIKE Brand was $3,384 million (Form 10-Q, accession 0000320187-26-000193, Note 9).
  • Both filings state that certain prior-period amounts were reclassified to conform to the current presentation and that the effect was not material. Every comparative figure here is the figure as printed in the filing cited for its period.
  • NIKE reports in U.S. dollars. No currency translation, stock split adjustment or ADR adjustment applies.

Uncertainties

  • The trailing-twelve-month figures are computed by combining periods from two filings; they are not printed by the company. Per-share amounts are not reported for that period because they are not additive.
  • Total debt, total liabilities and free cash flow are computed from printed lines as described in the notes; the filings print no line with those captions.
  • The first-quarter fiscal 2026 figures are the comparatives presented in the first-quarter fiscal 2027 Form 10-Q, which notes immaterial reclassifications of prior-period amounts.

Company details

NameNIKE, Inc.
TickerNKE
CIK0000320187
ExchangeNYSE
StateOregon
IncorporationOregon
SIC3021
OfficeManufacturing
IndustryRubber & Plastics Footwear

Fiscal period

Fiscal year2027
Fiscal periodQ1
TagFY27Q1
Period end2026-08-31
Form10-Q
Accession0000320187-26-000193
Fiscal year end0531
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionSource
annualno10-K2026FYFY262026-05-312026-07-150000320187-26-000088reported
quarterlyyes10-Q2027Q1FY27Q12026-08-312026-10-020000320187-26-000193facts

FAQ · NIKE financial statements

How much revenue did Nike make in Q1 FY2027?

Nike reported $11.21 billion in revenue for Q1 FY2027, the quarter ended August 31, 2026. That is down 4.3% from $11.72 billion in the same quarter a year earlier.

What were Nike's net income and earnings per share in Q1 FY2027?

Nike earned net income of $712 million in Q1 FY2027, the quarter ended August 31, 2026, down 2.1% from $727 million a year earlier. Diluted earnings per share were $0.48, compared with $0.49.

How are Nike's sales in China doing?

Nike's Greater China revenue was $1.18 billion in Q1 FY2027, the quarter ended August 31, 2026, down 22.0% from $1.51 billion a year earlier, the steepest decline among Nike's four geographic segments.

What were Nike Direct sales in Q1 FY2027?

NIKE Direct revenue, from Nike-owned stores and digital platforms, was $4.14 billion in Q1 FY2027, the quarter ended August 31, 2026, down 8.2% from $4.51 billion a year earlier, as Nike repositions its digital business as a full-price platform.

Where can I get NIKE, Inc. (NKE) financial data in machine-readable form?

Ticker Scout publishes NIKE, Inc.'s financial statements as JSON at https://tickerscout.ai/nke/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/nke/narrative.md and https://tickerscout.ai/nke/events.md. NIKE, Inc.'s SEC CIK is 0000320187. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does NIKE, Inc. (NKE) next file with the SEC?

NIKE, Inc. (NKE) is expected to file its next Form 10-Q with the SEC on or around December 29, 2026. That date is a projection rather than a company-announced date: it is derived from NIKE, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q1 FY2027, the period ended 2026-08-31, SEC accession 0000320187-26-000193.

How this page was built

This page was built from two of NIKE, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names three such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer

Built from NIKE, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.