Nike Q4 Revenue Slips, Tariff Refunds Boost Earnings
Nike's fiscal fourth-quarter revenue slipped year-over-year to $12.6 billion, but net income rose to $1.5 billion thanks to tariff refunds. EPS was $0.98.
Key Numbers
Nike (NKE) reported fiscal fourth-quarter results for 2026, with revenue declining year-over-year while net income received a boost from tariff refunds. Revenue came in at $12.6 billion, compared to $12.9 billion in the same period last year. Net income reached $1.5 billion, or $0.98 per share.
Key Financial Results
| Metric | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $12.6B | $12.9B | -2.3% |
| Net Income | $1.5B | $1.2B | +25% |
| EPS | $0.98 | $0.78 | +25.6% |
Highlights from the Release
Nike attributed the improvement in net income to the refund of tariffs previously imposed on imports, which added approximately $300 million to earnings. The company also noted weak demand in key markets such as China and North America.
Future Guidance
Nike expects revenue to remain under pressure in the first quarter of fiscal 2027, with continued supply chain challenges and currency fluctuations. The company did not provide specific numerical guidance.
Stock Impact
Nike's stock saw little change in after-hours trading as investors digested the mixed results.
What This Means for Investors
Nike's results show the company faces growth challenges, but tariff refunds provided a temporary earnings boost. Investors should monitor demand and supply chain developments.
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