Quarterly ResultJun 30, 2026, 04:21 PM
NIKE Q4 EPS $0.72 (incl. $0.52 IEEPA benefit); FY26 Revenue Flat
AI Summary
NIKE, Inc. reported mixed financial results for its fiscal 2026 fourth quarter and full year. Fourth quarter revenues decreased 1% to $11.0 billion, while full year revenues remained flat at $46.4 billion. Diluted earnings per share for Q4 surged to $0.72, significantly boosted by a $0.52 benefit from the expected recovery of International Emergency Economic Powers Act (IEEPA) tariffs. Gross margin also saw a substantial increase to 49.2% due to this recovery. Despite these gains, NIKE Direct revenues declined, and the company acknowledged ongoing top-line headwinds and a challenging operating environment.
Key Highlights
- Q4 diluted EPS was $0.72, including a $0.52 benefit from IEEPA tariff recovery.
- Q4 revenues decreased 1% to $11.0 billion (down 4% currency-neutral).
- Full year revenues were $46.4 billion, flat reported (down 2% currency-neutral).
- Q4 gross margin increased 890 bps to 49.2%, primarily due to IEEPA recovery.
- Q4 NIKE Direct revenues fell 7% to $4.1 billion; Wholesale revenues rose 4% to $6.6 billion.
- Full year net income was $3.1 billion, a 3% decrease from prior year.
- Returned $609 million to shareholders via dividends in Q4, $2.5 billion in FY26.
Price Impact
More from NKE