NIKE, Inc. filings document operating results, capital structure, governance changes and material events for the athletic footwear and apparel company. Recent Form 8-K disclosures furnish quarterly results, including NIKE Brand, NIKE Direct and wholesale channel information, inventory trends, gross margin commentary and non-GAAP currency-neutral measures.
The filing record also covers material agreements such as the company's 364-Day Credit Agreement and unsecured revolving credit facility, exit or disposal activity charges related to organizational changes, executive appointments and role eliminations, shareholder voting matters, and corrections to product purchase obligation disclosures from the annual report. These documents record NIKE's financing arrangements, governance actions, liquidity disclosures and public-company reporting obligations.
NIKE, Inc. director Robert Holmes Swan bought 11,781.387 shares of Class B Common Stock in an open-market purchase at a weighted average price of $42.44 per share.
After this transaction, he directly owns 55,074.387 Class B shares and indirectly holds 1,580 shares through the Swan Family Revocable Trust.
The purchase took place during a trading window permitted by company policy, which allows officers and directors to trade only following quarterly earnings releases and within a defined period each quarter.
NIKE, Inc. director Travis A. Knight reported an internal restructuring of his indirect holdings of NIKE Class B Common Stock. A partnership called Three Strings Investors, L.P., which holds NIKE shares, sold a 49% limited partnership interest to The Travis A. Knight 2012 Irrevocable Children's Trust for $288,317,000. That 49% interest is attributable to 2,300,480 shares of Class B Common Stock, valued using the average of the high and low share prices on the transaction date. Knight assigned his remaining partnership interest to his revocable trust, and following these changes he holds NIKE shares directly and indirectly through both the partnership and a GRAT rather than through direct market trades.
NIKE, Inc. reported a weak third quarter of fiscal 2026, with profits under pressure despite flat sales. Revenues were $11.3 billion, essentially unchanged year over year, but net income fell to $520 million and diluted EPS dropped 35% to $0.35 as margins contracted.
Gross margin declined 130 basis points to 40.2%, mainly from higher North America tariffs and lower Converse profitability, partly offset by better pricing, product mix and lower logistics and obsolescence costs. For the first nine months, revenue rose 1% to $35.4 billion while net income fell 32% to $2.0 billion.
The business mix is shifting: NIKE Brand wholesale revenue grew, especially in North America and Asia Pacific & Latin America, while NIKE Direct revenue declined on lower digital traffic and softer store performance. Greater China and Converse both saw notable revenue declines. NIKE recorded $230 million in Q3 and $304 million year-to-date of pre-tax severance charges tied to cost realignment.
The effective tax rate jumped to 20.0% from 5.9% due to a one-time tax benefit in the prior year, further weighing on net income. Inventories were stable at $7.5 billion, and cash and equivalents ended the quarter at $6.7 billion. Management highlights ongoing geopolitical, currency, tariff and legal uncertainties, including Belgian customs claims and large historical IEEPA tariff payments, while pursuing product, marketplace and brand resets expected to run through December 2026.
NIKE, Inc. reported mixed fiscal 2026 third-quarter results. Revenue was $11.3 billion, essentially flat year over year, but profitability weakened. Net income fell to $520 million, down 35 percent, and diluted earnings per share declined 35 percent to $0.35 as margins and taxes weighed on results.
Gross margin decreased 130 basis points to 40.2 percent, largely from higher North America tariffs. NIKE Brand revenue rose 1 percent to $11.0 billion, with wholesale revenue up to $6.5 billion but NIKE Direct revenue down to $4.5 billion, reflecting softer digital and store sales. Converse revenue dropped 35 percent to $264 million.
Inventories were $7.5 billion, down 1 percent, while cash, equivalents and short-term investments were $8.1 billion, about $2.3 billion lower as the company funded dividends, bond repayment, capital spending and share repurchases. NIKE returned approximately $609 million in dividends during the quarter, 3 percent more than a year earlier.
NIKE Inc: Amendment to Schedule 13G/A reporting no beneficial ownership. The Vanguard Group filed Amendment No. 12 stating it beneficially owns 0 shares of NIKE Inc common stock, representing 0% of the class. The filing explains an internal realignment effective January 12, 2026, after which certain Vanguard subsidiaries report ownership separately in reliance on SEC Release No. 34-39538.
NIKE, Inc. entered into a new 364-day unsecured revolving credit facility providing up to $1 billion in borrowings for working capital and general corporate purposes, including supporting commercial paper. The facility, arranged with Bank of America and other lenders, matures on March 5, 2027, when all unpaid amounts are due.
The company may increase total commitments to $1.5 billion, request renewal for another 364 days, or convert outstanding amounts into a term loan of up to one year. Borrowings in U.S. Dollars will bear interest at either Term SOFR plus 0.595% or a base rate tied to prime, the federal funds rate, or one‑month Term SOFR. The agreement includes restrictive covenants on liens, mergers, acquisitions, dispositions, and use of proceeds, but it has no financial covenants.
On the same date, NIKE terminated its prior 364‑day $1.0 billion revolving credit agreement dated March 7, 2025. No amounts were outstanding under the prior facility as of March 6, 2026.
NIKE, Inc. approved a cost realignment plan on February 27 aimed at operating more efficiently and supporting future growth. Management expects this plan, together with earlier actions, to generate approximately $300 million in pre-tax charges for the nine months ended February 28, 2026, primarily from employee severance.
The company expects substantially all of these charges to be recognized in the third quarter of fiscal year 2026. NIKE notes it may take additional actions that could lead to further charges in later quarters, and that the expected charges are estimates subject to assumptions and may differ, possibly materially, from current projections.
NIKE, Inc. executive Robert Leinwand, EVP and Chief Legal Officer, reported an open-market sale of Class B Common Stock. On 02/12/2026, he sold 9,065 Class B shares at $62.33 per share in a transaction coded as a sale.
After this trade, Leinwand beneficially owned 61,662.2318 Class B shares directly and 1,481 Class B shares indirectly through a retirement plan account. The footnotes note that officers and directors may trade only within a defined window following NIKE’s quarterly earnings releases or under approved 10b5-1 plans.
NIKE, Inc.’s Chairman Emeritus Philip H. Knight reported a large internal family transfer of NIKE Class B Common Stock. On February 11, 2026, 4,500,000 Class B shares were transferred to his spouse as a bona fide gift for no consideration.
After this gift, Knight’s direct holdings in NIKE Class B stock stand at 8,335,687 shares. The 4,500,000 shares are held directly by his spouse, Penelope P. Knight, and are reported as indirectly owned; Knight expressly disclaims beneficial ownership of those spouse-held shares for Section 16 and other purposes.
NIKE, Inc. executive Robert Leinwand, EVP and Chief Legal Officer, reported a routine tax-related share disposition linked to equity compensation. On February 10, 2026, 4,647 shares of Class B Common Stock were withheld by the company at $62.41 per share to cover tax obligations upon RSU vesting, which is not an open market transaction. After this, he held 70,727.2318 Class B shares directly, plus 1,481 Class B shares indirectly through The NIKE, Inc. 401(k) Plan.