Nike Inc.'s Q4 2026 results were released on 30 June 2026, with Bloomberg Markets reporting that the figures exceeded analyst expectations [Brief - 2026-07-01]. The announcement followed market close and was framed around CEO Elliott Hill's turnaround strategy, which the company has been executing in recent quarters. A prior summary of the Q4 release was published on 11 September 2026 [Brief - 2026-09-11], consolidating the available financial and strategic disclosures for the period.
As of the trailing twelve months ending 28 February 2026, Nike reported revenue of approximately $46.4 billion, representing year-over-year growth of 0.09%. Gross margin stood at 42.9% and operating margin at 7.1%, with net income of $3.1 billion and a net margin of 6.7%. EPS declined 35.2% year-over-year. The company held $7.6 billion in cash against $7.9 billion in total debt, producing a near-neutral net debt position. The trailing P/E ratio was recorded at 16.91 [SEC 10-Q - NKE - 2026-02-28].
Insider activity in September 2026 recorded 28 transactions with a net selling direction, totalling a net disposal value of approximately $371,000 [SEC Form 4 - NKE - 2026-09]. Among institutional holders, Citadel added 8.7% to its NKE position and Millennium Management expanded its position by 151%, while AQR Capital reduced its holdings by 88% [SEC 13F - Citadel - Q3 2026; SEC 13F - Millennium - Q3 2026; SEC 13F - AQR Capital - Q3 2026]. The divergence in institutional positioning was the primary trigger for this report.
The prevailing macro environment shows the 10-year US Treasury yield at 4.94% and the 2-year yield at 4.67%, producing a normal yield curve slope of approximately 27 basis points [FRED DGS10; FRED DGS2]. This rate environment represents the broader context in which Nike's consumer discretionary revenues and debt obligations are being assessed by market participants.