NKENike, Inc.
NIKE, Inc. was incorporated in 1967 under the laws of the State of Oregon. 10-K, Item 1
- Employees
- 73,000
- Headquarters
- Beaverton, OR
- CEO
- Elliott Hill
- Next results
- around Dec 17, 2026
The biggest changes in the 10-K filed 2026-07-15, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
-22.4% Big change FY to 2026-05-31 vs 2025-05-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Net income
-3.4% FY to 2026-05-31 vs 2025-05-31“Other (income) expense, net decreased from $76 million of other income, net, to $53 million of other income, net, primarily due to an unfavorable net change in foreign currency conversion gains and losses, including hedges, partially offset by settlements of legal matters.”
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“Our effective tax rate increased from 17.1% to 20.3%, primarily due to a prior year one-time, non-cash deferred tax benefit provided by U.S. tax regulations related to foreign currency gains and losses.”
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Gross margin
42.7% → 42.9% (+0.2 pts) FY to 2026-05-31 vs 2025-05-31“Gross margin increased 20 basis points to 42.9% for fiscal 2026 compared to 42.7% for fiscal 2025 due to the following:”
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“Gross margin expansion of 210 basis points primarily due to lower product costs, lower warehousing and logistics costs driven by channel mix, and higher ASP.”
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Revenue
+0.2% FY to 2026-05-31 vs 2025-05-31“NIKE Direct revenues were $17.7 billion in fiscal 2026 compared to $18.8 billion in fiscal 2025, primarily driven by a decrease in traffic.”
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“Revenues decreased 2%, primarily due to lower revenues in Greater China, Converse and Europe, Middle East & Africa ("EMEA"), which decreased NIKE, Inc.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on NKE in a spreadsheet:
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CSV.
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