Nike Reports Q4 Earnings with Mixed Results
Nike (NYSE: NKE) reported a significant leap in net income to $1.1 billion for its fiscal fourth quarter ending May 31, 2026, marking a 407% increase year-over-year. Revenue stood at $11 billion, but most of the earnings per share (EPS) of $0.72 benefited from a $0.52-per-share one-time tariff recovery, accounting for nearly $1 billion due to recent court rulings against the tariffs. Stripping out this benefit, underlying EPS was only $0.20.
In North America, Nike’s largest market, revenue rose by 3% year-over-year to $4.83 billion. However, overall revenue fell by 1% year-over-year, and declined 4% on a currency-neutral basis. CEO Elliott Hill has purchased around $2 million worth of Nike shares over the past few months, signaling confidence, though concerns linger regarding the performance in other regions, particularly Greater China, which saw a 12% decline in revenue during the quarter.
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