Nike Inc. reported Q4 2026 results on 30 June 2026 that exceeded analyst expectations, according to Bloomberg Markets, with the announcement coming after market close [Brief - 2026-07-01]. The results were noted in the context of CEO Elliott Hill's ongoing turnaround strategy, which the company has been executing following a prior period of declining performance. No other Nike-specific material news events were recorded in the preceding 30-day window, with broader market activity during the period dominated by unrelated macroeconomic developments including a global technology sector selloff and commodity price movements [Brief - 2026-06-23].
For the trailing twelve months ending 28 February 2026, Nike reported revenue of $46.52 billion, representing year-over-year growth of 0.09%. Net income for the same period was $2.25 billion, with a net margin of 4.84% and a gross margin of 40.81%. Operating margin stood at 7.04%. Earnings per share fell 35.19% year-over-year. The company held $6.66 billion in cash against total debt of $7.03 billion. The price-to-earnings ratio was recorded at 29.2 [SEC 10-Q - NKE - 2026-02-28].
Three insider transactions were recorded in July 2026, with a net direction of selling and a combined net value of approximately -$803,440 [SEC Form 4 - NKE - 2026-07]. Institutional activity showed significant divergence in the most recent 13F reporting period. AQR Capital increased its NKE position by 893%, while Millennium Management added 44% and Citadel added 9.6% to their respective holdings. Bridgewater Associates reduced its position by 88% [SEC 13F - AQR Capital - Q1 2026] [SEC 13F - Millennium - Q1 2026] [SEC 13F - Citadel - Q1 2026] [SEC 13F - Bridgewater - Q1 2026]. These divergent moves across major institutional filers represent the primary trigger for this report.
The prevailing macro environment as of the report date showed the 10-year US Treasury yield at 4.48% and the 2-year yield at 4.17%, producing a normal yield curve configuration with a spread of 31 basis points [FRED DGS10] [FRED DGS2]. This rate environment forms part of the broader context within which Nike's debt position of $7.03 billion and cash holdings of $6.66 billion are assessed.