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Companies $NKE
$37.55 -$0.37 (0.96%) Live
NIKE, Inc. logo

NIKE, Inc.

about.nike.com

What Do They Do?

Designs, develops, markets and sells athletic footwear, apparel and sports equipment to consumers and wholesale accounts worldwide.

How Do They Make Money?

Nike sells products through wholesale accounts and its own stores and digital channels: wholesale customers generally pay within 90 days or less of shipment or receipt, while retail and digital customers pay at sale. Trademark licensing contracts generate sales- or usage-based royalties over the license period.

revenue
SegmentShareRevenue
Footwear
Sold outright

66%
FY2023: 69%
Apparel
Sold outright

29%
FY2023: 27%
Equipment
Sold outright
4.8%
FY2023: 3.4%
Other
0.3%
FY2023: 0.5%

Who Are Their Customers?

Consumers buy directly through NIKE-owned stores and digital platforms; wholesale sales go to retailers and other accounts, as well as through distributors, licensees and sales representatives.

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2026 and turned 5 cents into free cash flow.

Operating income, FY2026
8% of revenue
▲ +3% vs FY2025 ($3.7B, 8%)
Net income, FY2026
7% of revenue
▼ −3% vs FY2025 ($3.2B, 7%)
Free cash flow, FY2026
5% of revenue
▼ −33% vs FY2025 ($3.3B, 7%)

How Are They Changing?

Since the FY2026 annual report
Latest quarter: Q1 FY2027, the three months to Aug 31, 2026
Revenue
▼ −4%
vs $11.7B in Q1 FY2026
Net income
▼ −2%
vs $727M in Q1 FY2026
Footwear share of revenue vs 66.0% in Q1 FY2026
  • Aug 10, 2026 David Denton is appointed CFO and interim corporate controller Denton's CFO appointment is effective August 17; he will also become interim corporate controller and principal accounting officer on September 4.

Flat. Revenue was $46.4B in FY2026, about the same as the $46.7B of FY2022.

Revenue over time
Footwear Apparel Equipment Other
$100B$50B$0

Who Do They Compete With?

Competes with adidas, Anta, ASICS, Deckers, Li Ning, lululemon athletica, New Balance, On, Puma, Under Armour, and V.F.

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