NKE

NIKE, Inc.Consumer

10-K for period ending 2026-05-31filed 2026-07-15accession 0000320187-26-000088filing on sec.gov ↗

answer key

field	SEC value	XBRL concept	printed on
Total revenue	$46.4B	RevenueFromContractWithCustomerExcludingAssessedTax	Revenues
Operating income	-	not reported	not in this filing's XBRL
Net income attributable to the company	$3.1B	NetIncomeLoss	NET INCOME
Diluted EPS	$2.10	EarningsPerShareDiluted	Basic · Diluted
Cash and cash equivalents	$7.6B	CashAndCashEquivalentsAtCarryingValue	Cash and equivalents
Total assets	$38.4B	Assets	TOTAL ASSETS · TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
Total liabilities	-	not reported	not in this filing's XBRL
Total shareholders' equity attributable to the company	$14.9B	StockholdersEquity	Total shareholders' equity
Net cash from operating activities	$2.9B	NetCashProvidedByUsedInOperatingActivities	Cash provided (used) by operations
Net cash from investing activities	-$488.0M	NetCashProvidedByUsedInInvestingActivities	Cash provided (used) by investing activities
Net cash from financing activities	-$2.3B	NetCashProvidedByUsedInFinancingActivities	Cash provided (used) by financing activities

Income statement

table #28 · score 49 vs 27.8 runner-up · in millions

YEAR ENDED MAY 31,
(In millions, except per share data)	2026	2025	2024
Revenues	46,398	46,309	51,362
Cost of sales	26,487	26,519	28,475
Gross profit	19,911	19,790	22,887
Demand creation expense	4,754	4,689	4,285
Operating overhead expense	11,360	11,399	12,291
Total selling and administrative expense	16,114	16,088	16,576
Interest (income) expense, net	(50)	(107)	(161)
Other (income) expense, net	(53)	(76)	(228)
Income before income taxes	3,900	3,885	6,700
Income tax expense	792	666	1,000
NET INCOME	3,108	3,219	5,700
Earnings per common share:
Basic	2.10	2.17	3.76
Diluted	2.10	2.16	3.73
Weighted average common shares outstanding:
Basic	1,479.8	1,484.9	1,517.6
Diluted	1,481.0	1,487.6	1,529.7

Balance sheet

table #30 · score 52 vs 7.8 runner-up · in millions

MAY 31,
(In millions)	2026	2025
ASSETS
Current assets:
Cash and equivalents	7,563	7,464
Short-term investments	1,464	1,687
Accounts receivable, net	5,931	4,717
Inventories	7,501	7,489
Prepaid expenses and other current assets	2,144	2,005
Total current assets	24,603	23,362
Property, plant and equipment, net	4,796	4,828
Operating lease right-of-use assets, net	2,838	2,712
Identifiable intangible assets, net	259	259
Goodwill	240	240
Deferred income taxes and other assets	5,674	5,178
TOTAL ASSETS	38,410	36,579
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt	2,000	-
Accounts payable	3,600	3,479
Current portion of operating lease liabilities	478	502
Accrued liabilities	6,092	5,916
Income taxes payable	377	669
Total current liabilities	12,547	10,566
Long-term debt	5,942	7,961
Operating lease liabilities	2,613	2,550
Deferred income taxes and other liabilities	2,443	2,289
Commitments and contingencies (Note 16)
Redeemable preferred stock	-	-
Shareholders' equity:
Common stock at stated value:
Class A convertible - 281 and 290 shares outstanding	-	-
Class B - 1,202 and 1,186 shares outstanding	3	3
Capital in excess of stated value	15,158	14,195
Accumulated other comprehensive income (loss)	(141)	(258)
Retained earnings (deficit)	(155)	(727)
Total shareholders' equity	14,865	13,213
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	38,410	36,579

Cash flow statement

table #31 · score 42.8 vs 7 runner-up · in millions

YEAR ENDED MAY 31,
(Dollars in millions)	2026	2025	2024
Cash provided (used) by operations:
Net income	3,108	3,219	5,700
Adjustments to reconcile net income to net cash provided (used) by operations:
Depreciation and amortization	747	775	796
Deferred income taxes	(96)	(288)	(497)
Stock-based compensation	715	709	804
Impairment and other	50	33	48
Net foreign currency adjustments	22	37	(138)
Changes in certain working capital components and other assets and liabilities:
(Increase) decrease in accounts receivable	(1,207)	(257)	(329)
(Increase) decrease in inventories	(31)	120	908
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets	519	(224)	(260)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities	(959)	(426)	397
Cash provided (used) by operations	2,868	3,698	7,429
Cash provided (used) by investing activities:
Purchases of short-term investments	(1,316)	(3,234)	(4,767)
Maturities of short-term investments	556	319	2,269
Sales of short-term investments	1,021	3,062	4,219
Additions to property, plant and equipment	(684)	(430)	(812)
Other investing activities	(65)	8	(15)
Cash provided (used) by investing activities	(488)	(275)	894
Cash provided (used) by financing activities:
Repayment of borrowings	-	(1,000)	-
Proceeds from exercise of stock options and other stock issuances	354	551	667
Repurchase of common stock	(146)	(2,985)	(4,250)
Dividends - common and preferred	(2,407)	(2,300)	(2,169)
Other financing activities	(93)	(86)	(136)
Cash provided (used) by financing activities	(2,292)	(5,820)	(5,888)
Effect of exchange rate changes on cash and equivalents	11	1	(16)
Net increase (decrease) in cash and equivalents	99	(2,396)	2,419
Cash and equivalents, beginning of year	7,464	9,860	7,441
CASH AND EQUIVALENTS, END OF YEAR	7,563	7,464	9,860
Supplemental disclosure of cash flow information:
Cash paid during the year for:
Interest, net of capitalized interest	323	389	381
Non-cash additions to property, plant and equipment	174	184	160
Dividends declared and not paid	614	593	558