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 framed in the context of CEO Elliott Hill's ongoing turnaround strategy, which the company has been executing following a prior period of declining performance [Brief - 2026-07-03]. The Q4 release represented a notable data point in the company's recent trajectory, arriving during a broader period of equity market volatility that included a global technology selloff in late June 2026 [Brief - 2026-06-23].
Nike's most recent quarterly filing reflected a trailing twelve-month revenue of $46.52 billion as of 28 February 2026, representing year-over-year revenue growth of 0.09%. Gross margin stood at 40.81% and operating margin at 7.04%, with net margin at 4.84% and net income of $2.25 billion. EPS declined 35.19% year-over-year. The company held $6.66 billion in cash against total debt of $7.03 billion, resulting in a net debt position. The reported P/E ratio was 29.38 [SEC 10-Q - NKE - 2026-02-28].
Insider activity in July 2026 recorded one transaction, directionally a disposal, with a net value of approximately -$803,440 [SEC Form 4 - NKE - 2026-07]. Institutional ownership data from recent 13F filings showed material position changes across several notable funds. AQR Capital (Cliff Asness) increased its NKE position by 893%, and Millennium (Izzy Englander) added 44% to its holding. Citadel (Ken Griffin) added 9.6% to its position. Conversely, Bridgewater (Ray Dalio) reduced its NKE position by 88% [SEC 13F - AQR Capital - Q2 2026; SEC 13F - Millennium - Q2 2026; SEC 13F - Citadel - Q2 2026; SEC 13F - Bridgewater - Q2 2026].
The prevailing macroeconomic backdrop as of the report date showed the 10-year US Treasury yield at 4.54% and the 2-year at 4.16%, producing a normal yield curve configuration with a spread of 38 basis points [FRED DGS10; FRED DGS2]. These conditions reflect the broader interest rate environment in which Nike's debt obligations and consumer spending dynamics are situated. This report was generated in response to the material institutional position changes identified across multiple 13F filers in the most recent reporting period.