NKE
NIKE, Inc.Evidence as of 2026-09-02Overview · NIKE, Inc.
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells men's, women's, and kids athletic footwear, apparel, equipment, and accessories worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.…
Management team
- Mr. Craig Anthony Williams · President of Geographies & MarketplaceFind on LinkedIn
- Ms. Johanna Nielsen · VP of Controlling & Principal Accounting OfficerFind on LinkedIn
- Mr. Matthew Friend · Executive VP & CFOFind on LinkedIn
- Mr. Rob Leinwand · EVP & Chief Legal OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
−0.1 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.1 of a possible +2; confidence high ). Across the three most recent fiscal quarters — Q1 2026 (ended 2025-08-31), Q2 2026 (ended 2025-11-30) and Q3 2026 (ended 2026-02-28) — reported revenue was $ 11,720,000,000, $ 12,427,000,000 and $ 11,279,000,000 respectively, with gross profit of $ 4,943,000,000, $ 5,045,000,000 and $ 4,530,000,000 and calculated gross margins of about 42.2%, 40.6% and 40.2%, showing a small margin compression from Q1 to Q3 2026.
Net income and diluted EPS fell in Q3 2026 to $ 520,000,000 and $ 0.35 per share from $ 792,000,000 and $ 0.53 in Q2 2026, while weighted average diluted shares outstanding edged from 1,479,000,000 in Q1 2026 to 1,481,600,000 in Q3 2026. Balance-sheet items at FY 2026 (ended 2026-05-31) show cash $ 7,563,000,000, long-term debt $ 7,942,000,000, total assets $ 38,410,000,000 and stockholders’ equity $ 14,865,000,000 versus FY 2025 balances that were modestly smaller; trailing twelve‑month free cash flow is $ 63,000,000, which produces a price/FCF of 896.49 and a P/E TTM of 19.96. Market and ownership signals are mixed: price sits 25.7% below its 200‑day average, three‑year drawdown is -67.1%, momentum and relative strength measures are strongly negative, but dividend yield is elevated at 5.35% and a number of insiders reported open‑market purchases in April 2026.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue for the three most recent fiscal quarters in the dataset: 11,720,000,000 USD in Q1 2026 (2025-06-01 to 2025-08-31, 3mo); 12,427,000,000 USD in Q2 2026 (2025-09-01 to 2025-11-30, 3mo); and 11,279,000,000 USD in Q3 2026 (2025-12-01 to 2026-02-28, 3mo).
XBRL companyfacts · 0000320187-25-000097Gross profit for those same quarters: 4,943,000,000 USD in Q1 2026 (2025-06-01 to 2025-08-31, 3mo); 5,045,000,000 USD in Q2 2026 (2025-09-01 to 2025-11-30, 3mo); and 4,530,000,000 USD in Q3 2026 (2025-12-01 to 2026-02-28, 3mo).
XBRL companyfacts · 0000320187-25-000097Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
On August 4, 2026, Johanna Nielsen informed NIKE, Inc. of her intent to resign as Vice President, Chief Accounting Officer and Corporate Controller, effective September 4, 2026.
8-K filed 2026-08-10The filing states Nielsen's resignation "is not the result of any disagreement with the Company relating to the Company's operations, policies or practices."
8-K filed 2026-08-10Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Price is 25.7% below its 200-day simple moving average as of 2026-09-01.
Moneyta signal set · 2026-09-01Three-year maximum drawdown is -67.1% and current drawdown from the 3-year high is -67.1% (ranked in the 6th percentile of 547), indicating one of the largest drawdowns in the research universe as of 2026-09-01.
Moneyta signal set · 2026-09-01Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Reported institutional holdings totaled $53.90B as of the 13F reporting period ended 2026-03-31, with reported aggregate value down 19.9% quarter-over-quarter and holder count down 160 versus the prior reported quarter.
13F holdings · 1910 filers · as of 2026-03-31Top reported institutional holders in the 13F as of 2026-03-31 included BlackRock, Inc. at $4.85B (value_qoq_pct -17.4), VANGUARD CAPITAL MANAGEMENT LLC at $4.09B (listed as new), STATE STREET CORP at $3.17B (value_qoq_pct -16.7), Capital World Investors at $2.67B (value_qoq_pct -14.7), and WELLINGTON MANAGEMENT GROUP LLP at $2.03B (value_qoq_pct 0.0).
13F holdings · 1910 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple headlines frame NIKE's inventory cleanup as a near-term drag with potential longer-term margin benefits, described as "short-term pain, long-term gain" in articles published 1 September 2026.
News · finance.yahoo.com · 2026-09-01The same inventory-cleanup theme appears in coverage from a second outlet on 1 September 2026 under the identical headline.
News · zacks.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Hill Elliott (PRESIDENT & CEO) reported an open-market purchase of "23660.24" shares valued at "$1.0M" on 2026-04-13 (amended filing).
Form 4/A · Hill Elliott (PRESIDENT & CEO) · $1.0M bought · 2026-04-13COOK TIMOTHY D (Director) reported an open-market purchase of "25000" shares valued at "$1.1M" on 2026-04-10.
Form 4 · COOK TIMOTHY D (Director) · $1.1M bought · 2026-04-10Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow for the trailing twelve months (FCF TTM) is $63,000,000.
Valuation inputs · SEC XBRL + stored EOD closeMarket capitalization is $32,606,002,573 and enterprise value is $32,985,002,573.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific items in the evidence support a favorable read despite recent price weakness. NIKE shows a solid liquidity and capital structure position with roughly $7.56B cash vs ~$7.94B long-term debt and expanding total assets and shareholders’ equity between fiscal year points (fundamentals-5, fundamentals-6, valuation-4). Management and insiders executed open-market purchases earlier in 2026 while the company continued modest share repurchases (insider-0, insider-1, insider-2, fundamentals-7), and the stock remains a component of many broad and dividend-focused ETFs with a high trailing dividend yield (ownership-2, market-4). Revenue and gross profit across the most recent quarters remain in the multi‑billion-dollar range and gross margin compression is modest in magnitude (fundamentals-0, fundamentals-1, fundamentals-2), and reported TTM P/E is ~19.96 (valuation-3), which some analysts interpret as not extreme versus historical ranges. Finally, filings show an orderly accounting leadership transition with explicit disclosure that resignation was not due to disagreement with company policies (filings-0, filings-1, filings-2), which supports governance continuity.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.31
40 surviving claims rest on 20 distinct sources; the heaviest analyst carries 20% of them, and 100% of what the desk raised survived the debate.
The evidence set rests on a moderate breadth of sources but a relatively small number of distinct origins; one analyst accounts for a fifth of surviving claims and every item the desk raised survived the internal review, which raises the risk of unchallenged assumptions or group-confirmation effects. These fragility signals mean the read is informative but should be weighted with caution — corroboration from additional independent sources would strengthen confidence.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
16 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer−0.1 to the score
11 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−1.0 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.3 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
19 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+0.3 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on NKE Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.