Highlights

  • Nike reported diluted earnings per share of USD 0.53 for fiscal second quarter.
  • Quarterly revenue reached USD 12.43 bn for the period ended November 30, 2025.
  • The company returned USD 598 mn through dividends during the quarter.

NIKE, Inc. (NYSE:NKE) released its financial results for the second quarter of fiscal year 2026 after U.S. market hours on December 18, 2025. The results cover the three-month period ended November 30, 2025, and provide insight into the company’s recent operating and financial performance.

Quarterly Financial Performance

Nike reported diluted earnings per share of USD 0.53 for the quarter, compared with USD 1.03 reported in the same period last year. Quarterly revenue totalled USD 12.43 bn, reflecting a modest year-over-year increase. The company noted that results were influenced by regional demand patterns, product mix, and ongoing cost considerations across its global operations.

Gross margin for the quarter declined year over year, driven primarily by higher input costs, promotional activity, and changes in channel mix. Operating expenses reflected continued spending across marketing, technology, and administrative functions.

Capital Allocation and Cash Activity

During the quarter, Nike returned USD 598 mn to shareholders through dividend payments. The company continues to operate under its existing capital return framework, which includes dividends and share repurchases. Cash flow from operations remained positive, supporting ongoing business activity and balance-sheet management.

Regional and Business Overview

Nike reported mixed performance across geographic markets, with variations observed in North America, Europe, and Greater China. Wholesale revenue showed stability, while direct-to-consumer activity reflected shifting purchasing behaviour and digital engagement trends. Management indicated that inventory levels were managed in line with demand expectations.

Management Commentary

Commenting on the results, Nike President and CEO John Donahoe said:
“We are executing against our strategic priorities while navigating a dynamic operating environment. Our teams remain focused on serving consumers across our portfolio and driving long-term value creation.”

Market Performance Context

Nike shares experienced trading activity following the earnings release on December 18, 2025, as market participants assessed the reported figures alongside broader sector developments and macroeconomic conditions.

Shares of NKE closed at CAD 65.63 on December 19, 2025.