NKE

NIKE, Inc.

Ticker: NKEMaterialsRubber & PlasticsS&P 500
HQ BEAVERTON, ORCIK 320187FY end 05-31Book / share $10.04Shares 1481M
Revenue (FY)
$46.40B+0.19%
Op. margin
8.18%+0.19%
Net income
$3.11B-3.45%
Operating cash
$2.87B-22.44%
Free cash flow
$2.18B-33.17%
Return on equity
20.91%-3.45%
Debt / equity
0.53-0.07%
Shares outstanding
1.5B-0.44%

The business

NIKE, Inc. (NYSE: NKE) operates as the world's largest seller of athletic footwear and apparel, with a comprehensive digital presence at www.nike.com. The company designs, develops, and markets athletic footwear, apparel, equipment, accessories, and interactive consumer services globally through both direct-to-consumer channels and wholesale distribution networks.

NIKE operates through five reportable segments: North America, Europe, Middle East & Africa (EMEA), Greater China, Asia Pacific & Latin America (APLA), and Converse. The NIKE Brand and Jordan Brand products are distributed across geographic segments, while Converse operates as a standalone division. For fiscal 2026, U.S. sales represented approximately 44 percent of total revenues, with international markets accounting for 56 percent. The company maintains 347 retail stores in the United States and 641 stores internationally, supplemented by digital commerce platforms in over 40 countries.

The company employs approximately 73,000 people worldwide, including retail and part-time employees. NIKE manufactures nearly all products through independent contract manufacturers, with footwear production concentrated in Vietnam (52 percent), Indonesia (27 percent), and China (16 percent), while apparel manufacturing spans Vietnam (34 percent), Cambodia (15 percent), and China (12 percent). The company operates 95 finished goods footwear factories across 11 countries and 321 apparel factories across 34 countries.

NIKE's competitive advantages center on product innovation, brand strength, and distribution excellence. The company maintains extensive intellectual property protections, including the iconic Swoosh trademark registered in over 190 jurisdictions. Core product technologies include Nike Air, Zoom, Free, Dri-FIT, Flyknit, and React innovations. Beyond footwear and apparel, NIKE offers performance equipment, digital fitness applications, sport content, and retail-enhancing digital services.

The company's brands include NIKE, Jordan, and Converse, each serving distinct market segments from performance athletics to casual streetwear. NIKE's business model emphasizes direct consumer engagement through owned retail and digital channels while maintaining significant wholesale relationships with independent distributors and specialty retailers worldwide.

Sector
Materials
Industry
Rubber & Plastics
HQ
BEAVERTON, OR
FY end
05-31
CIK
320187
SIC
3021
Financial performance · annual
20122026
$-5.14B$10.27B$25.68B$41.09B$56.50B201220132014201520162017201820192020202120222023202420252026

Ownership

Who holds NIKE, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

757
funds hold it
3 of 35
superinvestors hold it
$18.44B
fund-held value
36.0%
of shares held by funds
8
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%$1.56B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.08%$1.28B
American Balanced Fund
ABALX
0.29%$838.03M
Income Fund of America
AMECX
0.54%$797.46M
VANGUARD DIVIDEND GROWTH FUND
VDIGX · VANGUARD SPECIALIZED FUNDS
2.02%$746.73M

Superinvestors in NIKE, Inc.

Bill NygrenDECREASED -2.5%
Harris Associates (Oakmark)
0.8%
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%
Mark HillmanINCREASED +0.4%
Hillman Capital Management
2.3%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 8 issues of NIKE, Inc.'s debt, $421.11M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 3.09%, maturing 20262050.

IssueCouponMaturesFundsFund-held
NIKE Inc2.850%2030-03-2763$165.00M
NIKE INC3.375%2050-03-2742$69.10M
NIKE INC3.250%2040-03-2743$61.27M
NIKE INC2.375%2026-11-017$28.41M
NIKE INC2.750%2027-03-2711$27.50M
NIKE Inc3.880%2045-11-0133$26.84M
NIKE Inc3.625%2043-05-0128$23.56M
NIKE INC 3.375% 11/01/20463.375%2046-11-0131$19.44M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of NIKE, Inc.'s financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

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