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Nike NKE Q2 2026 earnings

Reported December 18, 2025 · After market close

Revenue$12.4BBeat by $221.7M
EPS$0.53Beat by $0.16
Revenue estimate$12.2B
EPS estimate$0.37

Next report

Dec 17, 2026 (in 2 months)
Revenue estimate$11.1B
EPS estimate$0.40

Financials

Q2 2026

Income statement

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Revenue$12.4B+0.6%
Gross profit$5.0B-6.4%
Net income$792.0M-31.9%
EPS (diluted)$0.53-32.1%

Balance sheet

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Cash & equivalents$1.8B-78.0%
Total debt$10.3B-7.1%
Total equity$14.1B+0.3%
Total assets$37.8B-0.5%

Cash flow

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Operating cash flow$579.0M-44.8%
CapEx$193.0M+49.6%
Free cash flow$386.0M-58.0%

Valuation & ratios

Valuation

as of 11/30/25
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Market cap$95.54B-19.0%
Enterprise value$104.06B-14.0%
P/E37.9×+13.7×
P/S2.1×-0.4×

Profitability

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Gross margin41.1%-3.5pp
Net margin5.4%-4.5pp
FCF margin5.3%-5.9pp

Returns & leverage

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Return on equity18%-16.7pp
Debt / equity0.7×-0.1×
Current ratio2.1×-0.2×

Segments

By product

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Footwear$7.9B-1.3%
Apparel$3.9B+4.2%
Equipment$555.0M+0.9%

By segment

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TOTAL NIKE BRAND$12.1B+1.5%
CONVERSE$300.0M-30.1%

FAQ

When did Nike report Q2 2026 earnings?
Nike (NKE) reported Q2 2026 earnings on December 18, 2025 after market close.
What were Nike's Q2 2026 revenue and EPS?
Nike reported revenue of $12.4B and eps of $0.53 for Q2 2026.
Did Nike beat estimates in Q2 2026?
Revenue beat the consensus estimate of $12.2B by $221.7M. EPS beat the consensus estimate of $0.37 by $0.16.
How did Nike's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.6% from $12.4B a year earlier and eps declined 32.1% from $0.78.
Where can I find Nike's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000320187-25-000138) and the 10-Q periodic report (0000320187-25-000151) directly on SEC EDGAR. The filing index links above go to sec.gov.