Nike said revenues for the quarter ended November 30, 2025 were $12.4 billion, up 1%, net income was $0.8 billion, down 32%, and diluted earnings per share were $0.53.

1. 01

   Nike said revenues for the quarter ended November 30, 2025 were $12.4 billion, up 1%, net income was $0.8 billion, down 32%, and diluted earnings per share were $0.53.

2. 02

   The company said gross margin for the quarter decreased 300 basis points to 40.6%, citing higher tariffs in North America as the primary factor. It added that the effective tax rate for the same quarter was 20.7% compared to 17.9% in the prior year period.

3. 03

   Nike said wholesale revenues for the quarter were $7.5 billion, up 8%, and NIKE Direct revenues were $4.6 billion, down 8%. Converse revenues were $300 million, down 30%.

4. 04

   The company said cash and equivalents and short-term investments as of November 30, 2025 were $8.3 billion, down approximately $1.4 billion, as cash generated by operations was more than offset by cash dividends, bond repayment, share repurchases and capital expenditures. Dividends returned to shareholders in the quarter were approximately $598 million.

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Original filing

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