Nike Inc. reported Q4 2026 results on 30 June 2026, with Bloomberg Markets noting the figures exceeded analyst expectations [Brief - 2026-07-01]. The announcement came after market close and was framed in the context of CEO Elliott Hill's turnaround strategy, which the company has been executing following a period of declining performance [Brief - 2026-07-03]. The Q4 release represented a material development following the prior quarter's reporting cycle, and the results drew renewed attention from institutional participants [Brief - 2026-07-11].
As of the quarter ending 28 February 2026, Nike's trailing twelve-month revenue stood at $46.40 billion, reflecting year-over-year growth of 0.09%. Net income over the same period was $3.11 billion, with a gross margin of 42.91% and an operating margin of 7.05%. EPS declined 35.19% year-over-year. Cash on hand was $7.56 billion against total debt of $7.94 billion, producing a net debt position. The price-to-earnings ratio was recorded at 20.84 [SEC 10-Q - NKE - 2026-02-28].
Institutional ownership data reflects notable position changes in the most recent reporting period. AQR Capital (Cliff Asness) added 893% to its NKE position, Millennium (Izzy Englander) added 44%, and Citadel (Ken Griffin) added 9.6%. Bridgewater (Ray Dalio) reduced its 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 divergence in directional activity among these major filers represents material institutional repositioning that contributed to triggering this report.
The prevailing US Treasury yield environment as of the report date shows the 10-year yield at 4.57% and the 2-year yield at 4.16%, reflecting a normal yield curve with a spread of 41 basis points [FRED DGS10; FRED DGS2]. This rate environment forms part of the broader macroeconomic context in which Nike's operational and financial metrics are being assessed by market participants.