Nike said full-year revenues were $46.3 billion, down 10% on a reported basis and down 9% on a currency-neutral basis, and Q4 revenues were $11.1 billion, down 12% on a reported basis.

1. 01

   Nike said full-year revenues were $46.3 billion, down 10% on a reported basis and down 9% on a currency-neutral basis, and Q4 revenues were $11.1 billion, down 12% on a reported basis.

2. 02

   The company said gross margin for Q4 decreased 440 basis points to 40.3%, citing higher discounts and changes in channel mix as primary factors.

3. 03

   Nike said net income for Q4 was $0.2 billion, down 86%, and diluted earnings per share were $0.14. The company said the effective tax rate was 33.6%, compared to 13.1% for the same period last year.

4. 04

   Nike said cash and equivalents and short-term investments as of May 31, 2025 were $9.2 billion, down approximately $2.4 billion from the prior year. The company said shareholder returns for fiscal 2025 were approximately $5.3 billion, including dividends of $2.3 billion and share repurchases of $3.0 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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