NIKE, Inc. (NKE) Form 10-Q — Oct 2, 2026
Nike's Q1 fiscal 2027 revenue fell 4% to $11.2 billion, with net income of $712 million down 2% and diluted EPS of $0.48 versus $0.49 a year ago. Gross margin expanded 60 basis points to 42.8% on lower warehousing and logistics costs, and North America grew 2% currency-neutral, but the recovery remains uneven. The quarter's biggest concern is Greater China, where revenues dropped 26% currency-neutral on declining store traffic, elevated promotions and high marketplace inventory, with actions expected to extend beyond fiscal 2027. Converse fell 28% as it executes a strategic brand reset, while NIKE Direct fell 9% as digital declined 13% during the platform's repositioning to full price.
Key figures
- Eps
- 0.48
- Revenue
- 11213000000
- Net Income
- 712000000
- Revenue Yoy
- -4% reported / -5% currency-neutral
- Total Assets
- 37794000000
- Cash Position
- 8400000000
- Shares Outstanding
- 1485308829
- Ebit
- $907M
- Ebit margin
- 8.1%
- Inventories
- $7.8B (+5% vs May 31, 2026)
- Emea revenue
- $3,176M (-5%)
- Gross margin
- 42.8% (+60 bps)
- Gross profit
- $4,798M
- Dividends paid
- $610M
- Long term debt
- $5,893M
- Converse revenue
- $263M (-28%)
- Effective tax rate
- 22.7%
- Nike direct revenue
- $4,142M (-9% currency-neutral)
- Cash from operations
- $135M (vs $222M prior year)
- Greater china revenue
- $1,180M (-26% currency-neutral)
- North america revenue
- $5,127M (+2%)
- Share repurchase program
- $18B, $12.1B used, 124.4M shares at avg $97.57
- Nike brand digital revenue
- $1.8B (-13%)
- Current portion long term debt
- $2.0B
AI analysis
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