0.1%$11.28
Revenue Growth
NKE reported a slight revenue increase of 0.1% YoY to $11.28 billion, driven by stable demand despite market challenges.
Source: Source: 10-Q Income Statement
AI Takeaway
NKE's Q3 FY2026 results show a slight revenue increase but significant declines in net income and cash flow, indicating cost pressures and reduced profitability.
Revenue
$11.28B
++0.09% YoY
EPS (Basic)
$0.35
-35.19% YoY
Gross Margin
40.2%
-1.32% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
NKE reported a slight revenue increase of 0.1% YoY to $11.28 billion, driven by stable demand despite market challenges.
Source: Source: 10-Q Income Statement
Cost of revenue increased by 2.4% YoY, impacting gross profit, which declined by 3.1% to $4.53 billion, reflecting margin pressures.
Source: Source: 10-Q Income Statement
Operating cash flow decreased by 61.9% YoY to $1.23 billion, indicating challenges in cash generation and liquidity management.
Source: Source: 10-Q Cash Flow Statement
NKE's net income fell by 34.5% YoY, highlighting significant profitability challenges due to increased costs and stagnant revenue growth.
Source: Source: 10-Q Income Statement
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Upgrade to unlockReported EPS of $0.35 versus the $0.28 analyst consensus — a +22.9% beat for Q3 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $11.28B | $11.27B | +0.09% |
Cost of Revenue | $6.75B | $6.59B | +2.35% |
Gross Profit | $4.53B | $4.67B | -3.10% |
Net Income | $520M | $794M | -34.51% |
EPS (Basic) | $0.35 | $0.54 | -35.19% |
EPS (Diluted) | $0.35 | $0.54 | -35.19% |
SG&A Expense | $3.98B | $3.89B | +2.32% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $37.06B | $37.79B | -1.93% |
Current Assets | $23.18B | $24.61B | -5.79% |
Current Liabilities | $10.84B | $11.22B | -3.43% |
Stockholders' Equity | $14.09B | $14.01B | +0.59% |
Cash & Equivalents | $6.66B | $8.6B | -22.57% |
Long-Term Debt | $7.03B | $7.96B | -11.64% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash FlowYTD | $1.23B | $3.23B | -61.95% |
Investing Cash FlowYTD | $-276M | $-289M | +4.50% |
Financing Cash FlowYTD | $-1.78B | $-4.18B | +57.42% |
Share BuybacksYTD | $146M | $2.79B | -94.76% |
D&A | $185M | $198M | -6.57% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Gross Margin | 40.2% | 41.5% | -1.32% |
Net Margin | 4.6% | — | — |
ROE | 3.7% | — | — |
ROA | 1.4% | — | — |
Current Ratio | $2.139 | — | — |
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NKE's Q3 FY2026 earnings showed a decline in net income to $520 million, a 34.5% YoY decrease, which may not have met market expectations.
Key takeaways include a slight revenue increase of 0.1% YoY, significant declines in net income by 34.5%, and a 61.9% drop in operating cash flow.
NKE faces risks from declining profitability, liquidity concerns due to a 22.6% drop in cash, and reduced share buybacks by 94.8%.
NKE's revenue grew by 0.1% YoY to $11.28 billion, indicating stable demand despite broader economic challenges.
NKE's financial health shows challenges with a 34.5% drop in net income, reduced cash reserves, and declining operating cash flow.