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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

NKE FY2026 Q4

For the quarter ended May 31, 2026, NIKE reported modest revenue contraction, wholesale growth alongside weaker NIKE Direct sales, and sharply higher reported gross margin and earnings that included a substantial expected IEEPA tariff-recovery benefit.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • Management's reported progress in performance products can improve brand relevance and support a return to sustainable demand growth.
  • Fourth-quarter wholesale growth indicates that marketplace-partner relationships can help stabilize revenue while NIKE Direct is reset.
  • Portfolio management, marketplace elevation, and operating-cost actions can improve underlying profitability as the company scales successful products.

Risks that still need monitoring

  • NIKE Direct contraction

    Continued declines in digital and owned-store revenue show that direct-consumer demand and channel productivity remain under pressure.

  • Geographic weakness

    Revenue declines in Greater China and EMEA can slow the recovery and signal uneven brand momentum outside North America.

  • Nonrecurring margin benefit

    The expected recovery of IEEPA tariffs accounted for nearly all fourth-quarter gross-margin expansion, obscuring the underlying margin trajectory.

Primary sources

NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year ResultsNIKE, Inc. · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 6/30/2026, 12:00:00 AM

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NIKE Investor RelationsNIKE, Inc. · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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NIKE Form 8-K Reporting Fiscal 2026 Fourth Quarter and Full Year ResultsU.S. Securities and Exchange Commission · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 6/30/2026, 12:00:00 AM

Open original source

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