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 around CEO Elliott Hill's turnaround strategy, which the company has been executing following a period of operational review [Brief - 2026-07-03]. Subsequent briefings in July continued to reference the Q4 results within the same strategic context, with no material revision to the reported figures noted across the coverage period [Brief - 2026-07-11] [Brief - 2026-07-19].
As of the quarter ending 28 February 2026, Nike reported trailing twelve-month revenue of $46.40 billion, representing year-over-year revenue growth of 0.09% [SEC 10-Q - NKE - 2026-02-28]. Net income on a TTM basis stood at $3.11 billion, with a gross margin of 42.91% and an operating margin of 7.05% [SEC 10-Q - NKE - 2026-02-28]. EPS declined 35.19% year-over-year, while the P/E ratio was recorded at 19.86 [SEC 10-Q - NKE - 2026-02-28]. Cash on hand was $7.56 billion against total debt of $7.94 billion, producing a marginally net debt position [SEC 10-Q - NKE - 2026-02-28].
Institutional ownership data recorded material position changes across several prominent filers. AQR Capital Management added 893% to its NKE position, while Millennium Management increased its holding by 44% and Citadel added 9.6% [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Citadel - Q2 2026]. Conversely, Bridgewater Associates reduced its position by 88% over the same reporting period [SEC 13F - Bridgewater - Q2 2026]. These divergent moves across major institutional filers constituted the primary trigger for this report.
The prevailing macro environment as of the report generation date shows the 10-year US Treasury yield at 4.71% and the 2-year yield at 4.37%, producing a normal yield curve spread of 34 basis points [FRED DGS10] [FRED DGS2]. A normal yield curve configuration reflects a standard term premium in US government debt markets at this time.