NIKE, INC., 10-Q filed on 4/1/2026
Quarterly Report
v3.26.1
COVER PAGE - shares
 9 Months Ended
Feb. 28, 2026
Mar. 25, 2026
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Feb. 28, 2026  
Document Transition Report false  
Entity File Number 1-10635  
Entity Registrant Name NIKE, Inc.  
Entity Incorporation, State or Country Code OR  
Entity Tax Identification Number 93-0584541  
Entity Address, Address Line One One Bowerman Drive  
Entity Address, City or Town Beaverton  
Entity Address, State or Province OR  
Entity Address, Postal Zip Code 97005-6453  
City Area Code 503  
Local Phone Number 671-6453  
Title of 12(b) Security Class B Common Stock  
Trading Symbol NKE  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Entity Central Index Key 0000320187  
Current Fiscal Year End Date --05-31  
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock Shares Outstanding   281,387,752
Class B Common Stock    
Document Information [Line Items]    
Entity Common Stock Shares Outstanding   1,199,499,281
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Income Statement [Abstract]        
Revenues $ 11,279 $ 11,269 $ 35,426 $ 35,212
Cost of sales 6,749 6,594 20,908 19,891
Gross profit 4,530 4,675 14,518 15,321
Demand creation expense 1,090 1,088 3,551 3,436
Operating overhead expense 2,887 2,799 8,481 8,504
Total selling and administrative expense 3,977 3,887 12,032 11,940
Interest (income) expense, net (15) (18) (42) (85)
Other (income) expense, net (82) (38) (43) (101)
Income before income taxes 650 844 2,571 3,567
Income tax expense 130 50 532 559
NET INCOME $ 520 $ 794 $ 2,039 $ 3,008
Earnings per common share:        
Basic (in dollars per share) $ 0.35 $ 0.54 $ 1.38 $ 2.02
Diluted (in dollars per share) $ 0.35 $ 0.54 $ 1.38 $ 2.02
Weighted average common shares outstanding:        
Basic (in shares) 1,480.5 1,478.1 1,478.9 1,487.6
Diluted (in shares) 1,481.6 1,480.6 1,480.4 1,491.0
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 520 $ 794 $ 2,039 $ 3,008
Other comprehensive income (loss), net of tax:        
Change in net foreign currency translation adjustment 113 (57) 192 (143)
Change in net gains (losses) on cash flow hedges (216) 119 (144) 342
Change in net gains (losses) on other 0 (1) 3 11
Total other comprehensive income (loss), net of tax (103) 61 51 210
TOTAL COMPREHENSIVE INCOME $ 417 $ 855 $ 2,090 $ 3,218
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
Current assets:    
Cash and equivalents $ 6,660 $ 7,464
Short-term investments 1,397 1,687
Accounts receivable, net 5,369 4,717
Inventories 7,487 7,489
Prepaid expenses and other current assets 2,271 2,005
Total current assets 23,184 23,362
Property, plant and equipment, net 4,766 4,828
Operating lease right-of-use assets, net 2,886 2,712
Identifiable intangible assets, net 259 259
Goodwill 240 240
Deferred income taxes and other assets 5,729 5,178
TOTAL ASSETS 37,064 36,579
Current liabilities:    
Current portion of long-term debt 999 0
Notes payable 0 5
Accounts payable 2,888 3,479
Current portion of operating lease liabilities 493 502
Accrued liabilities 6,183 5,911
Income taxes payable 275 669
Total current liabilities 10,838 10,566
Long-term debt 7,030 7,961
Operating lease liabilities 2,656 2,550
Deferred income taxes and other liabilities 2,450 2,289
Commitments and contingencies (Note 12)
Redeemable preferred stock 0 0
Shareholders' equity:    
Capital in excess of stated value 14,904 14,195
Accumulated other comprehensive income (loss) (207) (258)
Retained earnings (deficit) (610) (727)
Total shareholders' equity 14,090 13,213
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 37,064 36,579
Class A Convertible Common Stock    
Shareholders' equity:    
Common stock at stated value 0 0
Class B Common Stock    
Shareholders' equity:    
Common stock at stated value $ 3 $ 3
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares
shares in Millions
Feb. 28, 2026
May 31, 2025
Class A Convertible Common Stock    
Shareholders' equity:    
Common stock, outstanding (in shares) 281 290
Class B Common Stock    
Shareholders' equity:    
Common stock, outstanding (in shares) 1,199 1,186
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Cash provided (used) by operations:    
Net income $ 2,039 $ 3,008
Adjustments to reconcile net income to net cash provided (used) by operations:    
Depreciation and amortization 554 576
Deferred income taxes (132) (304)
Stock-based compensation 555 544
Impairment and other 40 35
Net foreign currency adjustments 1 24
Changes in certain working capital components and other assets and liabilities:    
(Increase) decrease in accounts receivable (623) (164)
(Increase) decrease in inventories 24 (99)
(Increase) decrease in prepaid expenses, operating lease right-of-use assets and other current and non-current assets 260 (235)
Increase (decrease) in accounts payable, accrued liabilities, operating lease liabilities and other current and non-current liabilities (1,487) (150)
Cash provided (used) by operations 1,231 3,235
Cash provided (used) by investing activities:    
Purchases of short-term investments (889) (2,664)
Maturities of short-term investments 478 258
Sales of short-term investments 744 2,439
Additions to property, plant and equipment (546) (330)
Other investing activities (63) 8
Cash provided (used) by investing activities (276) (289)
Cash provided (used) by financing activities:    
Increase (decrease) in notes payable, net (4) (2)
Proceeds from exercise of stock options and other stock issuances 251 400
Repurchase of common stock (146) (2,786)
Dividends — common and preferred (1,798) (1,709)
Other financing activities (81) (79)
Cash provided (used) by financing activities (1,778) (4,176)
Effect of exchange rate changes on cash and equivalents 19 (29)
Net increase (decrease) in cash and equivalents (804) (1,259)
Cash and equivalents, beginning of period 7,464 9,860
CASH AND EQUIVALENTS, END OF PERIOD 6,660 8,601
Supplemental disclosure of cash flow information:    
Non-cash additions to property, plant and equipment 67 87
Dividends declared and not paid $ 611 $ 594
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Millions, $ in Millions
Total
CAPITAL IN EXCESS OF STATED VALUE
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
RETAINED EARNINGS (DEFICIT)
Class A Common Stock
Class A Common Stock
COMMON STOCK
Class B Common Stock
Class B Common Stock
COMMON STOCK
Beginning balance (in shares) at May. 31, 2024           298   1,205
Beginning balance at May. 31, 2024 $ 14,430 $ 13,409 $ 53 $ 965       $ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock options exercised (in shares)               5
Stock options exercised 274 274            
Repurchase of Class B Common Stock (in shares)               (34)
Repurchase of Class B Common Stock (2,753) (311)   (2,442)        
Dividends on common stock and preferred stock (1,745)     (1,745)        
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)               3
Issuance of shares to employees, net of shares withheld for employee taxes 39     39        
Stock-based compensation 544 544            
Net income 3,008     3,008        
Other comprehensive income (loss) 210   210          
Ending balance (in shares) at Feb. 28, 2025           298   1,179
Ending balance at Feb. 28, 2025 14,007 13,916 263 (175)       $ 3
Beginning balance (in shares) at Nov. 30, 2024           298   1,184
Beginning balance at Nov. 30, 2024 14,037 13,778 202 54       $ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock options exercised (in shares)               1
Stock options exercised 55 55            
Repurchase of Class B Common Stock (in shares)               (6)
Repurchase of Class B Common Stock (499) (60)   (439)        
Dividends on common stock and preferred stock (594)     (594)        
Issuance of shares to employees, net of shares withheld for employee taxes (16) (26)   10        
Stock-based compensation 169 169            
Net income 794     794        
Other comprehensive income (loss) 61   61          
Ending balance (in shares) at Feb. 28, 2025           298   1,179
Ending balance at Feb. 28, 2025 14,007 13,916 263 (175)       $ 3
Beginning balance (in shares) at May. 31, 2025         290 290 1,186 1,186
Beginning balance at May. 31, 2025 13,213 14,195 (258) (727)       $ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock options exercised (in shares)               3
Stock options exercised 155 155            
Conversion to Class B Common Stock (in shares)           (9)   9
Repurchase of Class B Common Stock (in shares)               (2)
Repurchase of Class B Common Stock (123) (17)   (106)        
Dividends on common stock and preferred stock (1,816)     (1,816)        
Issuance of shares to employees, net of shares withheld for employee taxes (in shares)               3
Issuance of shares to employees, net of shares withheld for employee taxes 16 16            
Stock-based compensation 555 555            
Net income 2,039     2,039        
Other comprehensive income (loss) 51   51          
Ending balance (in shares) at Feb. 28, 2026         281 281 1,199 1,199
Ending balance at Feb. 28, 2026 14,090 14,904 (207) (610)       $ 3
Beginning balance (in shares) at Nov. 30, 2025           289   1,191
Beginning balance at Nov. 30, 2025 14,085 14,705 (104) (519)       $ 3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Stock options exercised 16 16            
Conversion to Class B Common Stock (in shares)           (8)   8
Dividends on common stock and preferred stock (611)     (611)        
Issuance of shares to employees, net of shares withheld for employee taxes (11) (11)            
Stock-based compensation 194 194            
Net income 520     520        
Other comprehensive income (loss) (103)   (103)          
Ending balance (in shares) at Feb. 28, 2026         281 281 1,199 1,199
Ending balance at Feb. 28, 2026 $ 14,090 $ 14,904 $ (207) $ (610)       $ 3
v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Statement of Stockholders' Equity [Abstract]        
Dividends declared per common share (in dollars per share) $ 0.41 $ 0.40 $ 1.22 $ 1.17
Dividends declared per preferred share (in dollars per share)     $ 0.10 $ 0.10
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 9 Months Ended
Feb. 28, 2026
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION
The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the "Company" or "NIKE") and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results of operations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May 31, 2025, was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("U.S. GAAP"). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report on Form 10-K for the fiscal year ended May 31, 2025 (the "Annual Report"). The results of operations for the three and nine months ended February 28, 2026, are not necessarily indicative of results for the entire fiscal year.
RECENT ACCOUNTING PRONOUNCEMENTS
In December 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning June 1, 2025. The Company will adopt the ASU on a prospective basis in the Annual Report on Form 10-K for the fiscal year ending May 31, 2026.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning June 1, 2027, and interim periods beginning June 1, 2028, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.
In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which includes amendments to more closely align hedge accounting with the economics of an entity’s risk management activities. The amendments are effective for the Company’s annual periods beginning June 1, 2027 and interim periods within those fiscal years, with early adoption permitted, and should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on the Company’s financial statements and related disclosures.
v3.26.1
ACCRUED LIABILITIES
 9 Months Ended
Feb. 28, 2026
Accrued Liabilities, Current [Abstract]  
ACCRUED LIABILITIES
NOTE 2 — ACCRUED LIABILITIES
Accrued liabilities included the following:
FEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Sales-related reserves$1,658 $1,834 
Compensation and benefits, excluding taxes1,544 1,245 
Dividends payable616 598 
Other2,365 2,234
TOTAL ACCRUED LIABILITIES$6,183 $5,911 
v3.26.1
FAIR VALUE MEASUREMENTS
 9 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS
NOTE 3 — FAIR VALUE MEASUREMENTS
The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives, equity securities and available-for-sale debt securities.
The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of February 28, 2026 and May 31, 2025, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,693 $1,693 $— 
Level 1:
U.S. Treasury securities727 — 727 
Level 2:
Commercial paper and bonds680 28 652 
Money market funds4,787 4,787 — 
Time deposits150 150 — 
U.S. Agency securities20 2 18 
Total Level 25,637 4,967 670 
TOTAL$8,057 $6,660 $1,397 
MAY 31, 2025
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,221 $1,221 $— 
Level 1:
U.S. Treasury securities1,046 — 1,046 
Level 2:
Commercial paper and bonds675 45 630 
Money market funds5,902 5,902 — 
Time deposits297 295 2 
U.S. Agency securities10 1 9 
Total Level 26,884 6,243 641 
TOTAL$9,151 $7,464 $1,687 
As of February 28, 2026, the Company held $485 million of available-for-sale debt securities with maturity dates within one year and $912 million with maturity dates greater than one year and less than five years in Short-term investments on the Unaudited Condensed Consolidated Balance Sheets. The fair value of the Company's available-for-sale debt securities approximates their amortized cost.
Included in Interest (income) expense, net was interest income related to the Company's investment portfolio of $65 million and $97 million for the three months ended February 28, 2026 and 2025, respectively, and $210 million and $314 million for the nine months ended February 28, 2026 and 2025, respectively.
The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$165 $140 $25 $474 $376 $98 
Interest rate swaps(1)
85 — 85 — — — 
TOTAL$250 $140 $110 $474 $376 $98 
(1)     If the foreign exchange and interest rate swap derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $225 million as of February 28, 2026. As of that date, the Company received $18 million from various counterparties on the derivative asset balance and posted $189 million of cash collateral to counterparties on the derivative liability balance.
MAY 31, 2025
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$107 $85 $22 $368 $226 $142 
Interest rate swaps(1)
24 — 24 3 — 3 
TOTAL$131 $85 $46 $371 $226 $145 
(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $131 million as of May 31, 2025. As of that date, the Company posted $166 million of cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.
For additional information related to the Company's derivative financial instruments and credit risk, refer to Note 8 — Risk Management and Derivatives.
The carrying amounts of other current financial assets and other current financial liabilities approximate fair value.
FINANCIAL ASSETS AND LIABILITIES NOT RECORDED AT FAIR VALUE
The Company's Long-term debt is recorded at adjusted cost, net of unamortized premiums, discounts, debt issuance costs and interest rate swap fair value adjustments. The fair value of long-term debt is estimated based upon quoted prices for similar instruments or quoted prices for identical instruments in inactive markets (Level 2). The fair value of the Company's Long-term debt, excluding interest rate swap fair value adjustments, was approximately $6,961 million at February 28, 2026 and $6,673 million at May 31, 2025.
v3.26.1
SHORT-TERM BORROWINGS AND CREDIT LINES
 9 Months Ended
Feb. 28, 2026
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS AND CREDIT LINES
As of February 28, 2026 and May 31, 2025, the Company had no borrowings outstanding under its $3 billion commercial paper program.
On March 6, 2026, subsequent to the end of the third quarter of fiscal 2026, the Company entered into a 364-day committed credit facility agreement with a syndicate of banks, which provides for up to $1 billion of borrowings, with an option to increase borrowings up to $1.5 billion in total with lender approval. The facility matures on March 5, 2027, with an option to extend the maturity date an additional 364 days. This facility replaces the prior $1 billion 364-day credit facility agreement entered into on March 7, 2025, which matured on March 6, 2026. Based on the Company's current long-term senior unsecured debt ratings of A+ and A2 from Standard and Poor's Corporation and Moody's Investor Services, respectively, the interest rate charged on any outstanding borrowings would be the prevailing Term Secured Overnight Financing Rate for the applicable interest period plus 0.625%. The facility fee is 0.03% of the total undrawn commitment. As of April 1, 2026, no amounts were outstanding under this committed credit facility.
v3.26.1
INCOME TAXES
 9 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES
NOTE 5 — INCOME TAXES
The effective tax rate was 20.7% and 15.7% for the nine months ended February 28, 2026 and 2025, respectively. The increase in the Company’s effective tax rate was primarily due to a one-time, non-cash deferred tax benefit recognized in the third quarter of fiscal year 2025 provided by finalized U.S. tax regulations. On December 10, 2024, the U.S. Department of Treasury published final regulations related to Internal Revenue Code Section 987 foreign currency gains and losses derived from translation of the operations, assets and liabilities of non-U.S. qualified business units. These regulations required a pre-transition foreign currency gain or loss to be included in the determination of future taxable income or loss. During the third quarter of fiscal year 2025, the Company recognized a non-cash deferred income tax benefit of $133 million related to pre-transition foreign currency losses expected to reduce taxable income in future periods.
On July 4, 2025, the U.S. government enacted The One Big Beautiful Bill Act of 2025 which includes, among other provisions, changes to the U.S. corporate income tax system including the allowance of immediate expensing of qualifying research and development expenses and permanent extensions of certain provisions within the Tax Cuts and Jobs Act. Certain provisions were effective for NIKE beginning June 1, 2025. These tax law changes did not have a material impact on the Company's Unaudited Condensed Consolidated Financial Statements for the nine months ended February 28, 2026 and are not expected to have a material impact for the remainder of fiscal year 2026.
As of February 28, 2026, total gross unrecognized tax benefits, excluding related interest and penalties, were $969 million, $753 million of which would affect the Company's effective tax rate if recognized in future periods. The majority of total gross unrecognized tax benefits are long-term in nature and included within Deferred income taxes and other liabilities on the Unaudited Condensed Consolidated Balance Sheets. As of May 31, 2025, total gross unrecognized tax benefits, excluding related interest and penalties, were $1,026 million. As of February 28, 2026 and May 31, 2025, accrued interest and penalties related to uncertain tax positions were $433 million and $376 million, respectively, (excluding federal benefit) and included within Deferred income taxes and other liabilities on the Unaudited Condensed Consolidated Balance Sheets.
The Company is subject to taxation in the U.S., as well as various state and foreign jurisdictions. The Company is currently under audit by the U.S. Internal Revenue Service ("IRS") for fiscal years 2017 through 2023. The Company has closed all U.S. federal income tax matters through fiscal year 2016, with the exception of certain transfer pricing adjustments. In certain major foreign jurisdictions, tax years after 2015 remain subject to examination.
Although the timing of resolution of audits is not certain, the Company evaluates all domestic and foreign audit issues in the aggregate, along with the expiration of applicable statutes of limitations, and estimates that it is reasonably possible the total gross unrecognized tax benefits could decrease by up to $234 million within the next 12 months primarily as a result of the expected resolution with the IRS of certain U.S. federal income tax matters for fiscal years 2017 through 2019 related to transfer pricing adjustments, research and development credits and other items.
In January 2019, the European Commission opened a formal investigation to examine whether the Netherlands has breached State Aid rules when granting certain tax rulings to the Company. The Company believes the investigation is without merit. If this matter is adversely resolved, the Netherlands may be required to assess additional amounts with respect to prior periods, and the Company's income taxes related to prior periods in the Netherlands could increase.
v3.26.1
STOCK-BASED COMPENSATION
 9 Months Ended
Feb. 28, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
STOCK-BASED COMPENSATION
NOTE 6 — STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION
The NIKE, Inc. Stock Incentive Plan (the "Stock Incentive Plan") provides for the issuance of up to 843 million previously unissued shares of Class B Common Stock in connection with equity awards granted under the Stock Incentive Plan. The Stock Incentive Plan authorizes the grant of non-statutory stock options, incentive stock options, stock appreciation rights and stock awards, including restricted stock and restricted stock units. Restricted stock units include both time-vesting restricted stock units as well as performance-based restricted stock units ("PSUs"). In addition to the Stock Incentive Plan, the Company gives employees the right to purchase shares at a discount from the market price under employee stock purchase plans ("ESPPs").
The following table summarizes the Company's total stock-based compensation expense recognized within Cost of sales or Operating overhead expense, as applicable: 
 THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions)
2026202520262025
Stock options(1)
$68 $69 $215 $222 
ESPPs19 17 45 53 
Restricted stock and restricted stock units
107 83 295 269 
TOTAL STOCK-BASED COMPENSATION EXPENSE$194 $169 $555 $544 
(1)Expense for stock options includes the expense associated with stock appreciation rights.
STOCK OPTIONS
As of February 28, 2026, the Company had $405 million of unrecognized compensation costs related to stock options, net of estimated forfeitures, to be recognized within Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.5 years.
RESTRICTED STOCK AND RESTRICTED STOCK UNITS
As of February 28, 2026, the Company had $753 million of unrecognized compensation costs related to restricted stock and restricted stock units, net of estimated forfeitures, to be recognized within Cost of sales or Operating overhead expense, as applicable, over a weighted average remaining period of 2.6 years.
v3.26.1
EARNINGS PER SHARE
 9 Months Ended
Feb. 28, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 7 — EARNINGS PER SHARE
The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share exclude restricted stock, restricted stock units and options, including shares under ESPPs, to purchase an estimated additional 83.3 million and 77.1 million shares of common stock outstanding for the three months ended February 28, 2026 and 2025, respectively, and 83.3 million and 75.3 million shares of common stock outstanding for the nine months ended February 28, 2026 and 2025, respectively, because the awards were assumed to be anti-dilutive.
 THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(In millions, except per share data)
2026202520262025
Net income available to common stockholders$520 $794 $2,039 $3,008 
Determination of shares:
Weighted average common shares outstanding1,480.5 1,478.1 1,478.9 1,487.6 
Assumed conversion of dilutive stock options and awards1.1 2.5 1.5 3.4 
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING1,481.6 1,480.6 1,480.4 1,491.0 
Earnings per common share:
Basic$0.35 $0.54 $1.38 $2.02 
Diluted$0.35 $0.54 $1.38 $2.02 
v3.26.1
RISK MANAGEMENT AND DERIVATIVES
 9 Months Ended
Feb. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
RISK MANAGEMENT AND DERIVATIVES
NOTE 8 — RISK MANAGEMENT AND DERIVATIVES
The Company is exposed to global market risks, including the effect of changes in foreign currency exchange rates and interest rates, and uses derivatives to manage financial exposures that occur in the normal course of business. As of and for the three and nine months ended February 28, 2026, there have been no material changes to the Company's hedging program or strategy from what was disclosed within the Annual Report.
The majority of derivatives outstanding as of February 28, 2026, are designated as foreign currency cash flow hedges, primarily for Euro/U.S. Dollar, Chinese Yuan/U.S. Dollar, British Pound/Euro and Japanese Yen/U.S. Dollar currency pairs. All derivatives are recognized on the Unaudited Condensed Consolidated Balance Sheets at fair value and classified based on the instrument's maturity date.
The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:
 DERIVATIVE ASSETS
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets$104 $75 
Foreign exchange forwards and optionsDeferred income taxes and other assets25 22 
Interest rate swaps
Deferred income taxes and other assets
85 24 
Total derivatives formally designated as hedging instruments214 121 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets36 10 
Total derivatives not designated as hedging instruments36 10 
TOTAL DERIVATIVE ASSETS$250 $131 
DERIVATIVE LIABILITIES
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities$354 $216 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities97 142 
Interest rate swaps
Deferred income taxes and other liabilities
— 3 
Total derivatives formally designated as hedging instruments451 361 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities22 10 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities1 — 
Total derivatives not designated as hedging instruments23 10 
TOTAL DERIVATIVE LIABILITIES$474 $371 
The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income:

(Dollars in millions)
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1)
AMOUNT OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE
INCOME (LOSS) INTO INCOME(1)
THREE MONTHS ENDED FEBRUARY 28,LOCATION OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE INCOME
(LOSS) INTO INCOME		THREE MONTHS ENDED FEBRUARY 28,
2026202520262025
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options$(8)$(30)Revenues$3 $(25)
Foreign exchange forwards and options(190)180 Cost of sales(8)67 
Foreign exchange forwards and options(58)66 Other (income) expense, net(20)57 
Interest rate swaps(2)
— — Interest (income) expense, net(2)(2)
TOTAL DESIGNATED CASH FLOW HEDGES $(256)$216 $(27)$97 
(1)For the three months ended February 28, 2026 and 2025, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.
(2)Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest (income) expense, net over the term of the issued debt.

(Dollars in millions)
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1)
AMOUNT OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE
INCOME (LOSS) INTO INCOME(1)
NINE MONTHS ENDED FEBRUARY 28,LOCATION OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE INCOME
(LOSS) INTO INCOME		NINE MONTHS ENDED FEBRUARY 28,
2026202520262025
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options$39 $(103)Revenues$(1)$(70)
Foreign exchange forwards and options(151)478 Cost of sales42 187 
Foreign exchange forwards and options(51)194 Other (income) expense, net(53)102 
Interest rate swaps(2)
— — Interest (income) expense, net(5)(6)
TOTAL DESIGNATED CASH FLOW HEDGES $(163)$569 $(17)$213 
(1)For the nine months ended February 28, 2026 and 2025, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.
(2)Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest (income) expense, net over the term of the issued debt.
AMOUNT OF GAIN (LOSS) RECOGNIZED
IN INCOME ON DERIVATIVES		LOCATION OF GAIN (LOSS)
RECOGNIZED IN INCOME
ON DERIVATIVES
THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions)
2026202520262025
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options$(61)$3 $(41)$9 Other (income) expense, net
CASH FLOW HEDGES
The total notional amount of outstanding foreign currency derivatives designated as cash flow hedges was approximately $17.2 billion and $18.4 billion as of February 28, 2026 and May 31, 2025, respectively. Approximately $222 million of deferred net losses (net of tax) on both outstanding and matured derivatives in Accumulated other comprehensive income (loss) as of February 28, 2026, are expected to be reclassified to Net income during the next 12 months concurrent with the underlying hedged transactions also being recorded in Net income. Actual amounts ultimately reclassified to Net income are dependent on the exchange rates in effect when derivative contracts currently outstanding mature. As of February 28, 2026, the maximum term over which the Company hedges exposures to the variability of cash flows for its forecasted transactions was 33 months.
FAIR VALUE HEDGES
The total notional amount of outstanding interest rate swap contracts designated as fair value hedges was $2.4 billion as of February 28, 2026 and May 31, 2025, respectively.
UNDESIGNATED DERIVATIVE INSTRUMENTS
The total notional amount of outstanding undesignated derivative instruments was $5.3 billion and $4.0 billion as of February 28, 2026 and May 31, 2025, respectively.
CREDIT RISK
As of February 28, 2026, the Company was in compliance with all credit risk-related contingent features and considers the impact of the risk of counterparty default to be immaterial. For additional information related to the Company's derivative financial instruments and collateral, refer to Note 3 — Fair Value Measurements.
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 9 Months Ended
Feb. 28, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
NOTE 9 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at November 30, 2025$(35)$(135)$115 $(49)$(104)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
113 (236)— 1 (122)
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— 20 — (1)19 
Total other comprehensive income (loss)113 (216)— — (103)
Balance at February 28, 2026$78 $(351)$115 $(49)$(207)
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at November 30, 2024$(342)$470 $115 $(41)$202 
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
(57)205 — 4 152 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— (86)— (5)(91)
Total other comprehensive income (loss)(57)119 — (1)61 
Balance at February 28, 2025$(399)$589 $115 $(42)$263 
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at May 31, 2025$(114)$(207)$115 $(52)$(258)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
192 (144)— 4 52 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— — — (1)(1)
Total other comprehensive income (loss)192 (144)— 3 51 
Balance at February 28, 2026$78 $(351)$115 $(49)$(207)
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at May 31, 2024$(256)$247 $115 $(53)$53 
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
(143)546 — 14 417 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— (204)— (3)(207)
Total other comprehensive income (loss)(143)342 — 11 210 
Balance at February 28, 2025$(399)$589 $115 $(42)$263 
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
For additional information related to the Company's cash flow hedges, refer to Note 8 — Risk Management and Derivatives.
v3.26.1
REVENUES
 9 Months Ended
Feb. 28, 2026
Revenue from Contract with Customer [Abstract]  
REVENUES
NOTE 10 — REVENUES
DISAGGREGATION OF REVENUES
The following tables present the Company's Revenues by reportable operating segment, disaggregated by major product line and distribution channel:
THREE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,326 $1,789 $1,187 $1,051 $— $7,353 $231 $— $7,584 
Apparel1,480 926 397 381 — 3,184 12 — 3,196 
Equipment220 159 31 58 — 468 4 — 472 
Other— — — — 7 7 17 3 27 
TOTAL REVENUES$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 
Revenues by:
Sales to Wholesale Customers$2,768 $1,919 $888 $891 $— $6,466 $142 $— $6,608 
Sales through Direct to Consumer2,258 955 727 599 — 4,539 105 — 4,644 
Other— — — — 7 7 17 3 27 
TOTAL REVENUES$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 

THREE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,132 $1,742 $1,282 $1,052 $— $7,208 $349 $— $7,557 
Apparel1,510 913 412 358 — 3,193 22 — 3,215 
Equipment222 156 39 60 — 477 7 — 484 
Other— — — — 12 12 27 (26)13 
TOTAL REVENUES$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
Revenues by:
Sales to Wholesale Customers$2,499 $1,817 $995 $844 $— $6,155 $208 $— $6,363 
Sales through Direct to Consumer2,365 994 738 626 — 4,723 170 — 4,893 
Other— — — — 12 12 27 (26)13 
TOTAL REVENUES$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
NINE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$10,087 $5,822 $3,250 $3,263 $— $22,422 $805 $— $23,227 
Apparel4,765 3,228 1,201 1,209 — 10,403 39 — 10,442 
Equipment827 547 99 175 — 1,648 17 — 1,665 
Other— — — — 25 25 69 (2)92 
TOTAL REVENUES$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 
Revenues by:
Sales to Wholesale Customers$9,054 $6,368 $2,548 $2,834 $— $20,804 $480 $— $21,284 
Sales through Direct to Consumer6,625 3,229 2,002 1,813 — 13,669 381 — 14,050 
Other— — — — 25 25 69 (2)92 
TOTAL REVENUES$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 

NINE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$9,580 $5,676 $3,731 $3,338 $— $22,325 $1,149 $— $23,474 
Apparel4,534 3,042 1,244 1,143 — 9,963 65 — 10,028 
Equipment755 539 135 195 — 1,624 25 — 1,649 
Other— — — — 39 39 96 (74)61 
TOTAL REVENUES$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
Revenues by:
Sales to Wholesale Customers$7,840 $6,011 $2,870 $2,764 $— $19,485 $695 $— $20,180 
Sales through Direct to Consumer7,029 3,246 2,240 1,912 — 14,427 544 — 14,971 
Other— — — — 39 39 96 (74)61 
TOTAL REVENUES$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
Global Brand Divisions revenues included NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. Converse Other revenues were primarily attributable to licensing businesses. Corporate revenues primarily consisted of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program.
As of February 28, 2026 and May 31, 2025, the Company did not have any contract assets and had an immaterial amount of contract liabilities recorded in Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets.
v3.26.1
SEGMENT INFORMATION
 9 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 11 — SEGMENT INFORMATION
The Company's reportable operating segments reflect the structure of the Company's internal organization and the financial information the Chief Operating Decision Maker ("CODM"), the Company's Chief Executive Officer, regularly reviews to assess Company performance and allocate resources. The CODM evaluates the performance of the Company's segments and allocates resources based on earnings before interest and taxes ("EBIT"), which represents Net income before Interest (income) expense, net, and Income tax expense in the Unaudited Condensed Consolidated Statements of Income.
The Company's segments are defined as follows:
NIKE BRAND
The NIKE Brand reportable operating segments are: North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America, and include results for the NIKE and Jordan brands. Each NIKE Brand segment represents a geographic region operating predominantly in one industry: the design, development, marketing and selling of athletic footwear, apparel and equipment.
Global Brand Divisions is included within NIKE Brand for presentation purposes to align with the way management views the Company. Global Brand Divisions primarily represents costs, including product creation and design expenses, that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment.
CONVERSE
Converse operates in one industry: the design, marketing, licensing and selling of casual sneakers, apparel and accessories.
CORPORATE
Corporate primarily consists of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company's headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses.
As part of the Company's centrally managed foreign exchange risk management program, standard foreign currency rates are assigned twice per year to each NIKE Brand entity in the Company's geographic segments and to Converse. Inventories and Cost of sales for geographic segments and Converse reflect the use of these standard rates to recognize non-functional currency product purchases in the entity's functional currency. Differences between these standard rates and actual market rates are included in Corporate, together with foreign currency hedge gains and losses and other conversion gains and losses.
THREE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 
Cost of sales3,036 1,705 839 870 160 6,610 167 (28)6,749 
Gross profit (loss)1,990 1,169 776 620 (153)4,402 97 31 4,530 
Demand creation expense
416 296 97 91 170 1,070 17 3 1,090 
Operating overhead expense
593 360 235 200 886 2,274 120 493 2,887 
Total selling and administrative expense
1,009 656 332 291 1,056 3,344 137 496 3,977 
Other segment items(1)
— (2)(23)(3)— (28)— (54)(82)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$981 $515 $467 $332 $(1,209)$1,086 $(40)$(411)
Interest (income) expense, net
(15)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$650 
Supplemental information:
Depreciation and amortization(2)
$37 37 11 13 58 156 2 27 $185 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.

THREE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
Cost of sales2,766 1,696 953 829 148 6,392 217 (15)6,594 
Gross profit (loss)2,098 1,115 780 641 (136)4,498 188 (11)4,675 
Demand creation expense
401 267 123 97 158 1,046 40 2 1,088 
Operating overhead expense
596 353 235 200 802 2,186 108 505 2,799 
Total selling and administrative expense
997 620 358 297 960 3,232 148 507 3,887 
Other segment items(1)
(2)15 1 (2)(3)9 1 (48)(38)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$1,103 $480 $421 $346 $(1,093)$1,257 $39 $(470)
Interest (income) expense, net
(18)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$844 
Supplemental information:
Depreciation and amortization(2)
$49 37 11 12 55 164 3 31 $198 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
NINE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 
Cost of sales9,268 5,530 2,473 2,672 480 20,423 536 (51)20,908 
Gross profit (loss)6,411 4,067 2,077 1,975 (455)14,075 394 49 14,518 
Demand creation expense
1,331 943 341 297 558 3,470 74 7 3,551 
Operating overhead expense
1,705 1,141 725 614 2,461 6,646 326 1,509 8,481 
Total selling and administrative expense
3,036 2,084 1,066 911 3,019 10,116 400 1,516 12,032 
Other segment items(1)
(1)— (24)(7)(1)(33)(1)(9)(43)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$3,376 $1,983 $1,035 $1,071 $(3,473)$3,992 $(5)$(1,458)
Interest (income) expense, net
(42)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$2,571 
Supplemental information:
Depreciation and amortization(2)
$108 113 33 42 167 463 6 85 $554 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.

NINE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
Cost of sales8,289 5,179 2,765 2,588 448 19,269 672 (50)19,891 
Gross profit (loss)6,580 4,078 2,345 2,088 (409)14,682 663 (24)15,321 
Demand creation expense
1,235 870 372 285 547 3,309 118 9 3,436 
Operating overhead expense
1,656 1,091 727 597 2,499 6,570 332 1,602 8,504 
Total selling and administrative expense
2,891 1,961 1,099 882 3,046 9,879 450 1,611 11,940 
Other segment items(1)
(1)14 (52)(2)(2)(43)— (58)(101)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$3,690 $2,103 $1,298 $1,208 $(3,453)$4,846 $213 $(1,577)
Interest (income) expense, net
(85)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$3,567 
Supplemental information:
Depreciation and amortization(2)
$119 108 37 36 171 471 11 94 $576 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
FEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
INVENTORIES(1)
North America$3,166 $3,198 
Europe, Middle East & Africa2,269 2,042 
Greater China937 951 
Asia Pacific & Latin America1,011 905 
Global Brand Divisions
157 148 
TOTAL NIKE BRAND
7,540 7,244 
Converse195 272 
Corporate
(248)(27)
TOTAL NIKE, INC. INVENTORIES
$7,487 $7,489 
(1)Inventories as of February 28, 2026 and May 31, 2025 were substantially all finished goods.
v3.26.1
COMMITMENTS AND CONTINGENCIES
 9 Months Ended
Feb. 28, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
NOTE 12 — COMMITMENTS AND CONTINGENCIES

As of February 28, 2026 and May 31, 2025, the Company had outstanding bank guarantees and letters of credit of approximately $1.3 billion and $0.9 billion, respectively, issued primarily for real estate agreements, self-insurance programs, other general business obligations and legal matters.
In the ordinary course of business, the Company is subject to various legal proceedings, claims and government investigations relating to its business, products and actions of its employees and representatives, including contractual and employment relationships, product liability, antitrust, customs, tax, intellectual property and other matters. The outcome of these legal matters is inherently uncertain, and the Company cannot predict the eventual outcome of currently pending matters, the timing of their ultimate resolution or the eventual losses, fines, penalties or consequences relating to those matters. When a loss related to a legal proceeding or claim is probable and reasonably estimable, the Company accrues its best estimate for the ultimate resolution of the matter. If one or more legal matters were to be resolved against the Company in a reporting period for amounts above management's expectations, the Company's financial position, operating results and cash flows for that reporting period could be materially adversely affected. In the opinion of management, based on its current knowledge and after consultation with counsel, the Company does not believe any currently pending legal matters will have a material adverse impact on the Company's results of operations, financial position or cash flows, except as described below.
BELGIAN CUSTOMS CLAIM
The Company has received claims for certain years from Belgian Customs Authorities for alleged underpaid duties related to products imported beginning in fiscal 2018. The Company disputes these claims and has engaged in the appellate process. The Company has issued bank guarantees in order to appeal the claims. At this time, the Company is unable to estimate the range of loss and cannot predict the final outcome as it could take several years to reach a resolution on this matter. If this matter is ultimately resolved against the Company, the amounts owed, including fines, penalties and other consequences relating to the matter, could have a material adverse effect on the Company's results of operations, financial position and cash flows.
v3.26.1
SEVERANCE AND OTHER EMPLOYEE COSTS
 9 Months Ended
Feb. 28, 2026
Restructuring and Related Activities [Abstract]  
SEVERANCE AND OTHER EMPLOYEE COSTS
NOTE 13 — SEVERANCE AND OTHER EMPLOYEE COSTS

For the three and nine months ended February 28, 2026, the Company recognized $230 million and $304 million, respectively, of estimated pre-tax employee severance costs primarily related to organizational changes. Employee severance costs are recognized when a future related expense is considered probable and reasonably estimable. The expected pre-tax charges are estimates and are subject to a number of assumptions and actual results may vary from the estimates provided.
For the three and nine months ended February 28, 2026, $193 million and $254 million, respectively, were classified within Operating overhead expense and $37 million and $50 million, respectively, were classified within Cost of sales on the Unaudited Condensed Consolidated Statements of Income. The majority of these charges were classified within Global Brand Divisions and Converse.
As of February 28, 2026, the Company made cash payments related to employee severance costs of $82 million. As of February 28, 2026, the remaining severance and other employee costs of $222 million are reflected within Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets, classified within Compensation and benefits, excluding taxes in Note 2 — Accrued Liabilities.
v3.26.1
SUPPLIER FINANCE PROGRAMS
 9 Months Ended
Feb. 28, 2026
Payables and Accruals [Abstract]  
SUPPLIER FINANCE PROGRAMS
NOTE 14 — SUPPLIER FINANCE PROGRAMS
As of February 28, 2026 and May 31, 2025, the Company had approximately $0.7 billion and $1.1 billion, respectively, of outstanding supplier obligations confirmed as valid under the voluntary supplier finance programs. These amounts are included within Accounts payable on the Unaudited Condensed Consolidated Balance Sheets.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Feb. 28, 2026
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Venkatesh Alagirisamy [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement On December 12, 2025, Venkatesh Alagirisamy, Executive Vice President, Chief Operating Officer, adopted a Rule 10b5-1 trading arrangement for the sale of up to 53,331 shares of our Class B Common Stock, subject to certain conditions. The arrangement's expiration date is April 30, 2027
Name Venkatesh Alagirisamy
Title Executive Vice President, Chief Operating Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 12, 2025
Expiration Date April 30, 2027
Arrangement Duration 504 days
Aggregate Available 53,331
Mark Parker [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On December 24, 2025, Mark Parker, Executive Chairman, adopted a Rule 10b5-1 trading arrangement for the sale of up to 165,000 shares of our Class B Common Stock and also provides for gifts of up to 44,731 shares of our Class B Common Stock, subject to certain conditions. The arrangement's expiration date is November 13, 2026.
Name Mark Parker
Title Executive Chairman
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 24, 2025
Expiration Date November 13, 2026
Arrangement Duration 324 days
Aggregate Available 165,000
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 9 Months Ended
Feb. 28, 2026
Accounting Policies [Abstract]  
BASIS OF PRESENTATION
The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the "Company" or "NIKE") and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results of operations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May 31, 2025, was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("U.S. GAAP"). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report on Form 10-K for the fiscal year ended May 31, 2025 (the "Annual Report"). The results of operations for the three and nine months ended February 28, 2026, are not necessarily indicative of results for the entire fiscal year.
RECENT ACCOUNTING PRONOUNCEMENTS
In December 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures, primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendments are effective for the Company's annual periods beginning June 1, 2025. The Company will adopt the ASU on a prospective basis in the Annual Report on Form 10-K for the fiscal year ending May 31, 2026.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning June 1, 2027, and interim periods beginning June 1, 2028, with early adoption permitted, and may be applied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on the Company's disclosures.
In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which includes amendments to more closely align hedge accounting with the economics of an entity’s risk management activities. The amendments are effective for the Company’s annual periods beginning June 1, 2027 and interim periods within those fiscal years, with early adoption permitted, and should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on the Company’s financial statements and related disclosures.
FAIR VALUE MEASUREMENTS The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives, equity securities and available-for-sale debt securities.
v3.26.1
ACCRUED LIABILITIES (Tables)
 9 Months Ended
Feb. 28, 2026
Accrued Liabilities, Current [Abstract]  
Schedule of Accrued Liabilities
Accrued liabilities included the following:
FEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Sales-related reserves$1,658 $1,834 
Compensation and benefits, excluding taxes1,544 1,245 
Dividends payable616 598 
Other2,365 2,234
TOTAL ACCRUED LIABILITIES$6,183 $5,911 
v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of February 28, 2026 and May 31, 2025, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,693 $1,693 $— 
Level 1:
U.S. Treasury securities727 — 727 
Level 2:
Commercial paper and bonds680 28 652 
Money market funds4,787 4,787 — 
Time deposits150 150 — 
U.S. Agency securities20 2 18 
Total Level 25,637 4,967 670 
TOTAL$8,057 $6,660 $1,397 
MAY 31, 2025
(Dollars in millions)
ASSETS AT FAIR VALUECASH AND EQUIVALENTSSHORT-TERM INVESTMENTS
Cash$1,221 $1,221 $— 
Level 1:
U.S. Treasury securities1,046 — 1,046 
Level 2:
Commercial paper and bonds675 45 630 
Money market funds5,902 5,902 — 
Time deposits297 295 2 
U.S. Agency securities10 1 9 
Total Level 26,884 6,243 641 
TOTAL$9,151 $7,464 $1,687 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$165 $140 $25 $474 $376 $98 
Interest rate swaps(1)
85 — 85 — — — 
TOTAL$250 $140 $110 $474 $376 $98 
(1)     If the foreign exchange and interest rate swap derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $225 million as of February 28, 2026. As of that date, the Company received $18 million from various counterparties on the derivative asset balance and posted $189 million of cash collateral to counterparties on the derivative liability balance.
MAY 31, 2025
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$107 $85 $22 $368 $226 $142 
Interest rate swaps(1)
24 — 24 3 — 3 
TOTAL$131 $85 $46 $371 $226 $145 
(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $131 million as of May 31, 2025. As of that date, the Company posted $166 million of cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.
The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:
 DERIVATIVE ASSETS
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets$104 $75 
Foreign exchange forwards and optionsDeferred income taxes and other assets25 22 
Interest rate swaps
Deferred income taxes and other assets
85 24 
Total derivatives formally designated as hedging instruments214 121 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets36 10 
Total derivatives not designated as hedging instruments36 10 
TOTAL DERIVATIVE ASSETS$250 $131 
DERIVATIVE LIABILITIES
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities$354 $216 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities97 142 
Interest rate swaps
Deferred income taxes and other liabilities
— 3 
Total derivatives formally designated as hedging instruments451 361 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities22 10 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities1 — 
Total derivatives not designated as hedging instruments23 10 
TOTAL DERIVATIVE LIABILITIES$474 $371 
v3.26.1
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Feb. 28, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes the Company's total stock-based compensation expense recognized within Cost of sales or Operating overhead expense, as applicable: 
 THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions)
2026202520262025
Stock options(1)
$68 $69 $215 $222 
ESPPs19 17 45 53 
Restricted stock and restricted stock units
107 83 295 269 
TOTAL STOCK-BASED COMPENSATION EXPENSE$194 $169 $555 $544 
(1)Expense for stock options includes the expense associated with stock appreciation rights.
v3.26.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Feb. 28, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following is a reconciliation from basic earnings per common share to diluted earnings per common share. The computations of diluted earnings per common share exclude restricted stock, restricted stock units and options, including shares under ESPPs, to purchase an estimated additional 83.3 million and 77.1 million shares of common stock outstanding for the three months ended February 28, 2026 and 2025, respectively, and 83.3 million and 75.3 million shares of common stock outstanding for the nine months ended February 28, 2026 and 2025, respectively, because the awards were assumed to be anti-dilutive.
 THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(In millions, except per share data)
2026202520262025
Net income available to common stockholders$520 $794 $2,039 $3,008 
Determination of shares:
Weighted average common shares outstanding1,480.5 1,478.1 1,478.9 1,487.6 
Assumed conversion of dilutive stock options and awards1.1 2.5 1.5 3.4 
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING1,481.6 1,480.6 1,480.4 1,491.0 
Earnings per common share:
Basic$0.35 $0.54 $1.38 $2.02 
Diluted$0.35 $0.54 $1.38 $2.02 
v3.26.1
RISK MANAGEMENT AND DERIVATIVES (Tables)
 9 Months Ended
Feb. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement:
FEBRUARY 28, 2026
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$165 $140 $25 $474 $376 $98 
Interest rate swaps(1)
85 — 85 — — — 
TOTAL$250 $140 $110 $474 $376 $98 
(1)     If the foreign exchange and interest rate swap derivative instruments had been netted on the Unaudited Condensed Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $225 million as of February 28, 2026. As of that date, the Company received $18 million from various counterparties on the derivative asset balance and posted $189 million of cash collateral to counterparties on the derivative liability balance.
MAY 31, 2025
DERIVATIVE ASSETSDERIVATIVE LIABILITIES
(Dollars in millions)
ASSETS AT FAIR VALUEOTHER CURRENT ASSETSOTHER LONG-TERM ASSETSLIABILITIES AT FAIR VALUEACCRUED LIABILITIESOTHER LONG-TERM LIABILITIES
Level 2:
Foreign exchange forwards and options(1)
$107 $85 $22 $368 $226 $142 
Interest rate swaps(1)
24 — 24 3 — 3 
TOTAL$131 $85 $46 $371 $226 $145 
(1)If the foreign exchange and interest rate swap derivative instruments had been netted on the Consolidated Balance Sheets, the asset and liability positions each would have been reduced by $131 million as of May 31, 2025. As of that date, the Company posted $166 million of cash collateral to various counterparties on the derivative liability balance and no amount of collateral was received from counterparties on the derivative asset balance.
The following tables present the fair values of derivative instruments included within the Unaudited Condensed Consolidated Balance Sheets:
 DERIVATIVE ASSETS
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets$104 $75 
Foreign exchange forwards and optionsDeferred income taxes and other assets25 22 
Interest rate swaps
Deferred income taxes and other assets
85 24 
Total derivatives formally designated as hedging instruments214 121 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsPrepaid expenses and other current assets36 10 
Total derivatives not designated as hedging instruments36 10 
TOTAL DERIVATIVE ASSETS$250 $131 
DERIVATIVE LIABILITIES
BALANCE SHEET LOCATIONFEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
Derivatives formally designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities$354 $216 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities97 142 
Interest rate swaps
Deferred income taxes and other liabilities
— 3 
Total derivatives formally designated as hedging instruments451 361 
Derivatives not designated as hedging instruments:
Foreign exchange forwards and optionsAccrued liabilities22 10 
Foreign exchange forwards and optionsDeferred income taxes and other liabilities1 — 
Total derivatives not designated as hedging instruments23 10 
TOTAL DERIVATIVE LIABILITIES$474 $371 
Schedule of Derivative Instruments, Gain (Loss) In Statement of Income
The following tables present the amounts affecting the Unaudited Condensed Consolidated Statements of Income:

(Dollars in millions)
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1)
AMOUNT OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE
INCOME (LOSS) INTO INCOME(1)
THREE MONTHS ENDED FEBRUARY 28,LOCATION OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE INCOME
(LOSS) INTO INCOME		THREE MONTHS ENDED FEBRUARY 28,
2026202520262025
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options$(8)$(30)Revenues$3 $(25)
Foreign exchange forwards and options(190)180 Cost of sales(8)67 
Foreign exchange forwards and options(58)66 Other (income) expense, net(20)57 
Interest rate swaps(2)
— — Interest (income) expense, net(2)(2)
TOTAL DESIGNATED CASH FLOW HEDGES $(256)$216 $(27)$97 
(1)For the three months ended February 28, 2026 and 2025, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.
(2)Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest (income) expense, net over the term of the issued debt.

(Dollars in millions)
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES(1)
AMOUNT OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE
INCOME (LOSS) INTO INCOME(1)
NINE MONTHS ENDED FEBRUARY 28,LOCATION OF GAIN (LOSS)
RECLASSIFIED FROM ACCUMULATED
OTHER COMPREHENSIVE INCOME
(LOSS) INTO INCOME		NINE MONTHS ENDED FEBRUARY 28,
2026202520262025
Derivatives designated as cash flow hedges:
Foreign exchange forwards and options$39 $(103)Revenues$(1)$(70)
Foreign exchange forwards and options(151)478 Cost of sales42 187 
Foreign exchange forwards and options(51)194 Other (income) expense, net(53)102 
Interest rate swaps(2)
— — Interest (income) expense, net(5)(6)
TOTAL DESIGNATED CASH FLOW HEDGES $(163)$569 $(17)$213 
(1)For the nine months ended February 28, 2026 and 2025, the amounts recorded in Other (income) expense, net as a result of the discontinuance of cash flow hedges because the forecasted transactions were no longer probable of occurring were immaterial.
(2)Gains and losses associated with terminated interest rate swaps, which were previously designated as cash flow hedges and recorded in Accumulated other comprehensive income (loss), will be released through Interest (income) expense, net over the term of the issued debt.
AMOUNT OF GAIN (LOSS) RECOGNIZED
IN INCOME ON DERIVATIVES		LOCATION OF GAIN (LOSS)
RECOGNIZED IN INCOME
ON DERIVATIVES
THREE MONTHS ENDED FEBRUARY 28,NINE MONTHS ENDED FEBRUARY 28,
(Dollars in millions)
2026202520262025
Derivatives not designated as hedging instruments:
Foreign exchange forwards and options$(61)$3 $(41)$9 Other (income) expense, net
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 9 Months Ended
Feb. 28, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The changes in Accumulated other comprehensive income (loss), net of tax, were as follows:
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at November 30, 2025$(35)$(135)$115 $(49)$(104)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
113 (236)— 1 (122)
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— 20 — (1)19 
Total other comprehensive income (loss)113 (216)— — (103)
Balance at February 28, 2026$78 $(351)$115 $(49)$(207)
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at November 30, 2024$(342)$470 $115 $(41)$202 
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
(57)205 — 4 152 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— (86)— (5)(91)
Total other comprehensive income (loss)(57)119 — (1)61 
Balance at February 28, 2025$(399)$589 $115 $(42)$263 
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at May 31, 2025$(114)$(207)$115 $(52)$(258)
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
192 (144)— 4 52 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— — — (1)(1)
Total other comprehensive income (loss)192 (144)— 3 51 
Balance at February 28, 2026$78 $(351)$115 $(49)$(207)
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
(Dollars in millions)
FOREIGN CURRENCY TRANSLATION ADJUSTMENT(1)
CASH FLOW HEDGES
NET INVESTMENT HEDGES(1)
OTHERTOTAL
Balance at May 31, 2024$(256)$247 $115 $(53)$53 
Other comprehensive income (loss):
Other comprehensive gains (losses) before reclassifications(2)
(143)546 — 14 417 
Reclassifications to net income of previously deferred (gains) losses(2)(3)
— (204)— (3)(207)
Total other comprehensive income (loss)(143)342 — 11 210 
Balance at February 28, 2025$(399)$589 $115 $(42)$263 
(1)The accumulated foreign currency translation adjustment and net investment hedge gains/losses related to an investment in a foreign subsidiary are reclassified to Net income upon sale or upon complete or substantially complete liquidation of the respective entity.
(2)Net of immaterial tax impact.
(3)Reclassifications to net income of previously deferred (gains) losses are recorded within Other (income) expense, net for foreign currency translation adjustment, net investment hedges, and other.
v3.26.1
REVENUES (Tables)
 9 Months Ended
Feb. 28, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenues
The following tables present the Company's Revenues by reportable operating segment, disaggregated by major product line and distribution channel:
THREE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,326 $1,789 $1,187 $1,051 $— $7,353 $231 $— $7,584 
Apparel1,480 926 397 381 — 3,184 12 — 3,196 
Equipment220 159 31 58 — 468 4 — 472 
Other— — — — 7 7 17 3 27 
TOTAL REVENUES$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 
Revenues by:
Sales to Wholesale Customers$2,768 $1,919 $888 $891 $— $6,466 $142 $— $6,608 
Sales through Direct to Consumer2,258 955 727 599 — 4,539 105 — 4,644 
Other— — — — 7 7 17 3 27 
TOTAL REVENUES$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 

THREE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$3,132 $1,742 $1,282 $1,052 $— $7,208 $349 $— $7,557 
Apparel1,510 913 412 358 — 3,193 22 — 3,215 
Equipment222 156 39 60 — 477 7 — 484 
Other— — — — 12 12 27 (26)13 
TOTAL REVENUES$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
Revenues by:
Sales to Wholesale Customers$2,499 $1,817 $995 $844 $— $6,155 $208 $— $6,363 
Sales through Direct to Consumer2,365 994 738 626 — 4,723 170 — 4,893 
Other— — — — 12 12 27 (26)13 
TOTAL REVENUES$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
NINE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$10,087 $5,822 $3,250 $3,263 $— $22,422 $805 $— $23,227 
Apparel4,765 3,228 1,201 1,209 — 10,403 39 — 10,442 
Equipment827 547 99 175 — 1,648 17 — 1,665 
Other— — — — 25 25 69 (2)92 
TOTAL REVENUES$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 
Revenues by:
Sales to Wholesale Customers$9,054 $6,368 $2,548 $2,834 $— $20,804 $480 $— $21,284 
Sales through Direct to Consumer6,625 3,229 2,002 1,813 — 13,669 381 — 14,050 
Other— — — — 25 25 69 (2)92 
TOTAL REVENUES$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 

NINE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues by:
Footwear$9,580 $5,676 $3,731 $3,338 $— $22,325 $1,149 $— $23,474 
Apparel4,534 3,042 1,244 1,143 — 9,963 65 — 10,028 
Equipment755 539 135 195 — 1,624 25 — 1,649 
Other— — — — 39 39 96 (74)61 
TOTAL REVENUES$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
Revenues by:
Sales to Wholesale Customers$7,840 $6,011 $2,870 $2,764 $— $19,485 $695 $— $20,180 
Sales through Direct to Consumer7,029 3,246 2,240 1,912 — 14,427 544 — 14,971 
Other— — — — 39 39 96 (74)61 
TOTAL REVENUES$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
v3.26.1
SEGMENT INFORMATION (Tables)
 9 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
THREE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$5,026 $2,874 $1,615 $1,490 $7 $11,012 $264 $3 $11,279 
Cost of sales3,036 1,705 839 870 160 6,610 167 (28)6,749 
Gross profit (loss)1,990 1,169 776 620 (153)4,402 97 31 4,530 
Demand creation expense
416 296 97 91 170 1,070 17 3 1,090 
Operating overhead expense
593 360 235 200 886 2,274 120 493 2,887 
Total selling and administrative expense
1,009 656 332 291 1,056 3,344 137 496 3,977 
Other segment items(1)
— (2)(23)(3)— (28)— (54)(82)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$981 $515 $467 $332 $(1,209)$1,086 $(40)$(411)
Interest (income) expense, net
(15)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$650 
Supplemental information:
Depreciation and amortization(2)
$37 37 11 13 58 156 2 27 $185 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.

THREE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$4,864 $2,811 $1,733 $1,470 $12 $10,890 $405 $(26)$11,269 
Cost of sales2,766 1,696 953 829 148 6,392 217 (15)6,594 
Gross profit (loss)2,098 1,115 780 641 (136)4,498 188 (11)4,675 
Demand creation expense
401 267 123 97 158 1,046 40 2 1,088 
Operating overhead expense
596 353 235 200 802 2,186 108 505 2,799 
Total selling and administrative expense
997 620 358 297 960 3,232 148 507 3,887 
Other segment items(1)
(2)15 1 (2)(3)9 1 (48)(38)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$1,103 $480 $421 $346 $(1,093)$1,257 $39 $(470)
Interest (income) expense, net
(18)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$844 
Supplemental information:
Depreciation and amortization(2)
$49 37 11 12 55 164 3 31 $198 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
NINE MONTHS ENDED FEBRUARY 28, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$15,679 $9,597 $4,550 $4,647 $25 $34,498 $930 $(2)$35,426 
Cost of sales9,268 5,530 2,473 2,672 480 20,423 536 (51)20,908 
Gross profit (loss)6,411 4,067 2,077 1,975 (455)14,075 394 49 14,518 
Demand creation expense
1,331 943 341 297 558 3,470 74 7 3,551 
Operating overhead expense
1,705 1,141 725 614 2,461 6,646 326 1,509 8,481 
Total selling and administrative expense
3,036 2,084 1,066 911 3,019 10,116 400 1,516 12,032 
Other segment items(1)
(1)— (24)(7)(1)(33)(1)(9)(43)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$3,376 $1,983 $1,035 $1,071 $(3,473)$3,992 $(5)$(1,458)
Interest (income) expense, net
(42)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$2,571 
Supplemental information:
Depreciation and amortization(2)
$108 113 33 42 167 463 6 85 $554 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.

NINE MONTHS ENDED FEBRUARY 28, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$14,869 $9,257 $5,110 $4,676 $39 $33,951 $1,335 $(74)$35,212 
Cost of sales8,289 5,179 2,765 2,588 448 19,269 672 (50)19,891 
Gross profit (loss)6,580 4,078 2,345 2,088 (409)14,682 663 (24)15,321 
Demand creation expense
1,235 870 372 285 547 3,309 118 9 3,436 
Operating overhead expense
1,656 1,091 727 597 2,499 6,570 332 1,602 8,504 
Total selling and administrative expense
2,891 1,961 1,099 882 3,046 9,879 450 1,611 11,940 
Other segment items(1)
(1)14 (52)(2)(2)(43)— (58)(101)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$3,690 $2,103 $1,298 $1,208 $(3,453)$4,846 $213 $(1,577)
Interest (income) expense, net
(85)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$3,567 
Supplemental information:
Depreciation and amortization(2)
$119 108 37 36 171 471 11 94 $576 
(1)At NIKE Brand segments and Converse, other segment items consist of unusual or non-operating transactions that occur outside the normal course of business. At Corporate, this also includes foreign currency conversion gains and losses from the remeasurement of monetary assets and liabilities denominated in non-functional currencies and the impact of certain foreign currency derivative instruments.
(2)The amounts of depreciation and amortization disclosed by segment are included within Cost of sales and Operating overhead expense, as applicable.
FEBRUARY 28,MAY 31,
(Dollars in millions)
20262025
INVENTORIES(1)
North America$3,166 $3,198 
Europe, Middle East & Africa2,269 2,042 
Greater China937 951 
Asia Pacific & Latin America1,011 905 
Global Brand Divisions
157 148 
TOTAL NIKE BRAND
7,540 7,244 
Converse195 272 
Corporate
(248)(27)
TOTAL NIKE, INC. INVENTORIES
$7,487 $7,489 
(1)Inventories as of February 28, 2026 and May 31, 2025 were substantially all finished goods.
v3.26.1
ACCRUED LIABILITIES (Details) - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
Accrued Liabilities, Current [Abstract]    
Sales-related reserves $ 1,658 $ 1,834
Compensation and benefits, excluding taxes 1,544 1,245
Dividends payable 616 598
Other 2,365 2,234
TOTAL ACCRUED LIABILITIES $ 6,183 $ 5,911
v3.26.1
FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
Assets, Fair Value Disclosure [Abstract]    
Cash $ 1,693 $ 1,221
ASSETS AT FAIR VALUE 8,057 9,151
CASH AND EQUIVALENTS 6,660 7,464
SHORT-TERM INVESTMENTS 1,397 1,687
Level 1 | U.S. Treasury securities    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 727 1,046
CASH AND EQUIVALENTS 0 0
SHORT-TERM INVESTMENTS 727 1,046
Level 2    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 5,637 6,884
CASH AND EQUIVALENTS 4,967 6,243
SHORT-TERM INVESTMENTS 670 641
Level 2 | Commercial paper and bonds    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 680 675
CASH AND EQUIVALENTS 28 45
SHORT-TERM INVESTMENTS 652 630
Level 2 | Money market funds    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 4,787 5,902
CASH AND EQUIVALENTS 4,787 5,902
SHORT-TERM INVESTMENTS 0 0
Level 2 | Time deposits    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 150 297
CASH AND EQUIVALENTS 150 295
SHORT-TERM INVESTMENTS 0 2
Level 2 | U.S. Agency securities    
Assets, Fair Value Disclosure [Abstract]    
ASSETS AT FAIR VALUE 20 10
CASH AND EQUIVALENTS 2 1
SHORT-TERM INVESTMENTS $ 18 $ 9
v3.26.1
FAIR VALUE MEASUREMENTS - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
May 31, 2025
Fair Value Disclosures [Abstract]          
Available-for-sale securities with maturity dates within one year from purchase date $ 485   $ 485    
Available-for-sale securities with maturity dates over one year and less than five years from purchase date 912   912    
Interest income related to cash and equivalents and short-term investments 65 $ 97 210 $ 314  
Fair value of long term debt $ 6,961   $ 6,961   $ 6,673
v3.26.1
FAIR VALUE MEASUREMENTS - Derivative Assets and Liabilities at Fair Value (Details) - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
DERIVATIVE ASSETS    
ASSETS AT FAIR VALUE $ 250 $ 131
OTHER CURRENT ASSETS 140 85
OTHER LONG-TERM ASSETS 110 46
DERIVATIVE LIABILITIES    
LIABILITIES AT FAIR VALUE 474 371
ACCRUED LIABILITIES 376 226
OTHER LONG-TERM LIABILITIES 98 145
Reduction in derivative liabilities if netted 225 131
Reduction in derivative assets if netted 225 131
Sales-related reserves 18 0
Fair value of derivative liability collateral 189 166
Foreign exchange forwards and options | Level 2    
DERIVATIVE ASSETS    
ASSETS AT FAIR VALUE 165 107
OTHER CURRENT ASSETS 140 85
OTHER LONG-TERM ASSETS 25 22
DERIVATIVE LIABILITIES    
LIABILITIES AT FAIR VALUE 474 368
ACCRUED LIABILITIES 376 226
OTHER LONG-TERM LIABILITIES 98 142
Interest rate swaps | Level 2    
DERIVATIVE ASSETS    
ASSETS AT FAIR VALUE 85 24
OTHER CURRENT ASSETS 0 0
OTHER LONG-TERM ASSETS 85 24
DERIVATIVE LIABILITIES    
LIABILITIES AT FAIR VALUE 0 3
ACCRUED LIABILITIES 0 0
OTHER LONG-TERM LIABILITIES $ 0 $ 3
v3.26.1
SHORT-TERM BORROWINGS AND CREDIT LINES (Details) - USD ($)
 1 Months Ended
Mar. 06, 2026
Mar. 07, 2025
Apr. 01, 2026
Feb. 28, 2026
May 31, 2025
Short-term Debt [Line Items]          
Notes payable       $ 0 $ 5,000,000
Commercial Paper          
Short-term Debt [Line Items]          
Notes payable       0 0
Borrowing capacity       $ 3,000,000,000 $ 3,000,000,000
Line of Credit | Revolving Credit Facility | Subsequent Event          
Short-term Debt [Line Items]          
Notes payable     $ 0    
Line of Credit | Revolving Credit Facility | Committed Credit Facility, Maturing March 5, 2027 | Subsequent Event          
Short-term Debt [Line Items]          
Borrowing capacity $ 1,000,000,000        
Debt instrument, term 364 days        
Additional period to extend the option     364 days    
Variable rate (in percent)     0.625%    
Facility fee (in percent)     0.03%    
Line of Credit | Revolving Credit Facility | Committed Credit Facility, Maturing March 6, 2026          
Short-term Debt [Line Items]          
Borrowing capacity   $ 1,000,000,000      
Debt instrument, term   364 days      
Line of Credit | Revolving Credit Facility, Option To Increase Upon Lender Approval | Committed Credit Facility, Maturing March 5, 2027 | Subsequent Event          
Short-term Debt [Line Items]          
Borrowing capacity $ 1,500,000,000        
v3.26.1
INCOME TAXES (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
May 31, 2025
Income Tax Disclosure [Abstract]        
Effective income tax rate   20.70% 15.70%  
Non-cash deferred income tax benefit $ 133      
Total gross unrecognized tax benefits, excluding related interest and penalties   $ 969   $ 1,026
Total gross unrecognized tax benefits, excluding related interest and penalties, amount which would affect the Company's effective tax rate if recognized in future periods   753    
Accrued interest and penalties related to uncertain tax positions (excluding federal benefit)   433   $ 376
Estimated decrease in total gross unrecognized tax benefits as a result of resolutions of global tax examinations and expiration of applicable statutes of limitations   $ 234    
v3.26.1
STOCK-BASED COMPENSATION - Stock-Based Compensation (Details)
Feb. 28, 2026
shares
Stock Incentive Plan | Class B Common Stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Shares available for grant (in shares) 843,000,000
v3.26.1
STOCK-BASED COMPENSATION - Total Stock-Based Compensation Expense (Details) - Class B Common Stock - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 194 $ 169 $ 555 $ 544
Stock options        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense 68 69 215 222
ESPPs        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense 19 17 45 53
Restricted stock and restricted stock units        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Stock-based compensation expense $ 107 $ 83 $ 295 $ 269
v3.26.1
STOCK-BASED COMPENSATION - Stock Options (Details) - Stock options - Stock Incentive Plan
$ in Millions
 9 Months Ended
Feb. 28, 2026
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs from stock options $ 405
Unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as operating overhead expense over a weighted average period 2 years 6 months
v3.26.1
STOCK-BASED COMPENSATION - Restricted Stock and Restricted Stock Units (Details) - Restricted stock and restricted stock units
$ in Millions
 9 Months Ended
Feb. 28, 2026
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs from restricted stock, net of estimated forfeitures $ 753
Unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as operating overhead expense over a weighted average period 2 years 7 months 6 days
v3.26.1
EARNINGS PER SHARE - Additional Information (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Stock options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Anti-dilutive options not included in the computation of diluted earnings per share (in shares) 83.3 77.1 83.3 75.3
v3.26.1
EARNINGS PER SHARE - Reconciliation from Basic Earnings Per Share to Diluted Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Earnings Per Share [Abstract]        
Net income available to common stockholders $ 520 $ 794 $ 2,039 $ 3,008
Determination of shares:        
Weighted average common shares outstanding (in shares) 1,480.5 1,478.1 1,478.9 1,487.6
Assumed conversion of dilutive stock options and awards (in shares) 1.1 2.5 1.5 3.4
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in shares) 1,481.6 1,480.6 1,480.4 1,491.0
Earnings per common share:        
Basic (in dollars per share) $ 0.35 $ 0.54 $ 1.38 $ 2.02
Diluted (in dollars per share) $ 0.35 $ 0.54 $ 1.38 $ 2.02
v3.26.1
RISK MANAGEMENT AND DERIVATIVES - Fair Value of Derivative Instruments Included within Consolidated Balance Sheet (Details) - USD ($)
$ in Millions
Feb. 28, 2026
May 31, 2025
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS $ 250 $ 131
DERIVATIVE LIABILITIES 474 371
Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 214 121
DERIVATIVE LIABILITIES 451 361
Derivatives not designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 36 10
DERIVATIVE LIABILITIES 23 10
Prepaid expenses and other current assets | Foreign exchange forwards and options | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 104 75
Prepaid expenses and other current assets | Foreign exchange forwards and options | Derivatives not designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 36 10
Deferred income taxes and other assets | Foreign exchange forwards and options | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 25 22
Deferred income taxes and other assets | Interest rate swaps | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE ASSETS 85 24
Accrued liabilities | Foreign exchange forwards and options | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE LIABILITIES 354 216
Accrued liabilities | Foreign exchange forwards and options | Derivatives not designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE LIABILITIES 22 10
Deferred income taxes and other liabilities | Foreign exchange forwards and options | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE LIABILITIES 97 142
Deferred income taxes and other liabilities | Foreign exchange forwards and options | Derivatives not designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE LIABILITIES 1 0
Deferred income taxes and other liabilities | Interest rate swaps | Derivatives formally designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
DERIVATIVE LIABILITIES $ 0 $ 3
v3.26.1
RISK MANAGEMENT AND DERIVATIVES - Amounts Affecting Consolidated Statements of Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Derivatives designated as cash flow hedges        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER 
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES $ (256) $ 216 $ (163) $ 569
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME (27) 97 (17) 213
Foreign exchange forwards and options | Derivatives not designated as hedging instruments        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED 
IN INCOME ON DERIVATIVES $ (61) $ 3 $ (41) $ 9
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense) Other Nonoperating Income (Expense)
Foreign exchange forwards and options | Derivatives designated as cash flow hedges | Revenues        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER 
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES $ (8) $ (30) $ 39 $ (103)
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME 3 (25) (1) (70)
Foreign exchange forwards and options | Derivatives designated as cash flow hedges | Cost of sales        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER 
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES (190) 180 (151) 478
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME (8) 67 42 187
Foreign exchange forwards and options | Derivatives designated as cash flow hedges | Other (income) expense, net        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER 
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES (58) 66 (51) 194
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME (20) 57 (53) 102
Interest rate swaps | Derivatives designated as cash flow hedges | Interest (income) expense, net        
Derivative Instruments, Gain (Loss) [Line Items]        
AMOUNT OF GAIN (LOSS) RECOGNIZED IN OTHER 
COMPREHENSIVE INCOME (LOSS) ON DERIVATIVES 0 0 0 0
AMOUNT OF GAIN (LOSS) RECLASSIFIED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) INTO INCOME $ (2) $ (2) $ (5) $ (6)
v3.26.1
RISK MANAGEMENT AND DERIVATIVES - Additional Information (Details) - USD ($)
$ in Millions
 9 Months Ended
Feb. 28, 2026
May 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Deferred net losses (net of tax) expected to be reclassified to Net Income during the next 12 months $ 222  
Maximum term over which the company hedges exposures to the variability of cash flows for its forecasted transactions 33 years  
Derivatives not designated as hedging instruments    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total notional amount of outstanding derivatives $ 5,300 $ 4,000
Derivatives designated as cash flow hedges | Derivatives formally designated as hedging instruments    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total notional amount of outstanding derivatives 17,200 18,400
Fair Value Hedging | Derivatives formally designated as hedging instruments    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total notional amount of outstanding derivatives $ 2,400 $ 2,400
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance $ 14,085 $ 14,037 $ 13,213 $ 14,430
Other comprehensive income (loss):        
Other comprehensive gains (losses) before reclassifications (122) 152 52 417
Reclassifications to net income of previously deferred (gains) losses 19 (91) (1) (207)
Total other comprehensive income (loss), net of tax (103) 61 51 210
Ending balance 14,090 14,007 14,090 14,007
TOTAL        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (104) 202 (258) 53
Other comprehensive income (loss):        
Total other comprehensive income (loss), net of tax (103) 61 51 210
Ending balance (207) 263 (207) 263
FOREIGN CURRENCY TRANSLATION ADJUSTMENT        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (35) (342) (114) (256)
Other comprehensive income (loss):        
Other comprehensive gains (losses) before reclassifications 113 (57) 192 (143)
Reclassifications to net income of previously deferred (gains) losses 0 0 0 0
Total other comprehensive income (loss), net of tax 113 (57) 192 (143)
Ending balance 78 (399) 78 (399)
CASH FLOW HEDGES        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (135) 470 (207) 247
Other comprehensive income (loss):        
Other comprehensive gains (losses) before reclassifications (236) 205 (144) 546
Reclassifications to net income of previously deferred (gains) losses 20 (86) 0 (204)
Total other comprehensive income (loss), net of tax (216) 119 (144) 342
Ending balance (351) 589 (351) 589
NET INVESTMENT HEDGES        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance 115 115 115 115
Other comprehensive income (loss):        
Other comprehensive gains (losses) before reclassifications 0 0 0 0
Reclassifications to net income of previously deferred (gains) losses 0 0 0 0
Total other comprehensive income (loss), net of tax 0 0 0 0
Ending balance 115 115 115 115
OTHER        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning balance (49) (41) (52) (53)
Other comprehensive income (loss):        
Other comprehensive gains (losses) before reclassifications 1 4 4 14
Reclassifications to net income of previously deferred (gains) losses (1) (5) (1) (3)
Total other comprehensive income (loss), net of tax 0 (1) 3 11
Ending balance $ (49) $ (42) $ (49) $ (42)
v3.26.1
REVENUES - Disaggregation of Revenues (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
Disaggregation of Revenue [Line Items]        
Revenues $ 11,279 $ 11,269 $ 35,426 $ 35,212
Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 6,608 6,363 21,284 20,180
Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 4,644 4,893 14,050 14,971
Other        
Disaggregation of Revenue [Line Items]        
Revenues 27 13 92 61
Footwear        
Disaggregation of Revenue [Line Items]        
Revenues 7,584 7,557 23,227 23,474
Apparel        
Disaggregation of Revenue [Line Items]        
Revenues 3,196 3,215 10,442 10,028
Equipment        
Disaggregation of Revenue [Line Items]        
Revenues 472 484 1,665 1,649
Other        
Disaggregation of Revenue [Line Items]        
Revenues 27 13 92 61
Operating Segments | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 11,012 10,890 34,498 33,951
Operating Segments | TOTAL NIKE BRAND | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 6,466 6,155 20,804 19,485
Operating Segments | TOTAL NIKE BRAND | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 4,539 4,723 13,669 14,427
Operating Segments | TOTAL NIKE BRAND | Other        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
Operating Segments | TOTAL NIKE BRAND | NORTH AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 5,026 4,864 15,679 14,869
Operating Segments | TOTAL NIKE BRAND | NORTH AMERICA | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 2,768 2,499 9,054 7,840
Operating Segments | TOTAL NIKE BRAND | NORTH AMERICA | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 2,258 2,365 6,625 7,029
Operating Segments | TOTAL NIKE BRAND | NORTH AMERICA | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA        
Disaggregation of Revenue [Line Items]        
Revenues 2,874 2,811 9,597 9,257
Operating Segments | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 1,919 1,817 6,368 6,011
Operating Segments | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 955 994 3,229 3,246
Operating Segments | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | TOTAL NIKE BRAND | GREATER CHINA        
Disaggregation of Revenue [Line Items]        
Revenues 1,615 1,733 4,550 5,110
Operating Segments | TOTAL NIKE BRAND | GREATER CHINA | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 888 995 2,548 2,870
Operating Segments | TOTAL NIKE BRAND | GREATER CHINA | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 727 738 2,002 2,240
Operating Segments | TOTAL NIKE BRAND | GREATER CHINA | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 1,490 1,470 4,647 4,676
Operating Segments | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 891 844 2,834 2,764
Operating Segments | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 599 626 1,813 1,912
Operating Segments | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA | Other        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | CONVERSE        
Disaggregation of Revenue [Line Items]        
Revenues 264 405 930 1,335
Operating Segments | CONVERSE | Sales to Wholesale Customers        
Disaggregation of Revenue [Line Items]        
Revenues 142 208 480 695
Operating Segments | CONVERSE | Sales through Direct to Consumer        
Disaggregation of Revenue [Line Items]        
Revenues 105 170 381 544
Operating Segments | CONVERSE | Other        
Disaggregation of Revenue [Line Items]        
Revenues 17 27 69 96
Operating Segments | Footwear | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 7,353 7,208 22,422 22,325
Operating Segments | Footwear | TOTAL NIKE BRAND | NORTH AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 3,326 3,132 10,087 9,580
Operating Segments | Footwear | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA        
Disaggregation of Revenue [Line Items]        
Revenues 1,789 1,742 5,822 5,676
Operating Segments | Footwear | TOTAL NIKE BRAND | GREATER CHINA        
Disaggregation of Revenue [Line Items]        
Revenues 1,187 1,282 3,250 3,731
Operating Segments | Footwear | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 1,051 1,052 3,263 3,338
Operating Segments | Footwear | CONVERSE        
Disaggregation of Revenue [Line Items]        
Revenues 231 349 805 1,149
Operating Segments | Apparel | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 3,184 3,193 10,403 9,963
Operating Segments | Apparel | TOTAL NIKE BRAND | NORTH AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 1,480 1,510 4,765 4,534
Operating Segments | Apparel | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA        
Disaggregation of Revenue [Line Items]        
Revenues 926 913 3,228 3,042
Operating Segments | Apparel | TOTAL NIKE BRAND | GREATER CHINA        
Disaggregation of Revenue [Line Items]        
Revenues 397 412 1,201 1,244
Operating Segments | Apparel | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 381 358 1,209 1,143
Operating Segments | Apparel | CONVERSE        
Disaggregation of Revenue [Line Items]        
Revenues 12 22 39 65
Operating Segments | Equipment | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 468 477 1,648 1,624
Operating Segments | Equipment | TOTAL NIKE BRAND | NORTH AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 220 222 827 755
Operating Segments | Equipment | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA        
Disaggregation of Revenue [Line Items]        
Revenues 159 156 547 539
Operating Segments | Equipment | TOTAL NIKE BRAND | GREATER CHINA        
Disaggregation of Revenue [Line Items]        
Revenues 31 39 99 135
Operating Segments | Equipment | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 58 60 175 195
Operating Segments | Equipment | CONVERSE        
Disaggregation of Revenue [Line Items]        
Revenues 4 7 17 25
Operating Segments | Other | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
Operating Segments | Other | TOTAL NIKE BRAND | NORTH AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Other | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Other | TOTAL NIKE BRAND | GREATER CHINA        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Other | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA        
Disaggregation of Revenue [Line Items]        
Revenues 0 0 0 0
Operating Segments | Other | CONVERSE        
Disaggregation of Revenue [Line Items]        
Revenues 17 27 69 96
GLOBAL BRAND DIVISIONS        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
GLOBAL BRAND DIVISIONS | Other        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
GLOBAL BRAND DIVISIONS | TOTAL NIKE BRAND        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
GLOBAL BRAND DIVISIONS | Other        
Disaggregation of Revenue [Line Items]        
Revenues 7 12 25 39
CORPORATE        
Disaggregation of Revenue [Line Items]        
Revenues 3 (26) (2) (74)
CORPORATE | Other        
Disaggregation of Revenue [Line Items]        
Revenues 3 (26) (2) (74)
CORPORATE | Other        
Disaggregation of Revenue [Line Items]        
Revenues $ 3 $ (26) $ (2) $ (74)
v3.26.1
REVENUES - Additional Information (Details) - USD ($)
Feb. 28, 2026
May 31, 2025
Revenue from Contract with Customer [Abstract]    
Contract asset
v3.26.1
SEGMENT INFORMATION - Information by Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 28, 2026
Feb. 28, 2025
May 31, 2025
Segment Reporting, Asset Reconciling Item [Line Items]          
Number of reportable segments not disclosed flag     reportable operating segments    
Revenues $ 11,279 $ 11,269 $ 35,426 $ 35,212  
Cost of sales 6,749 6,594 20,908 19,891  
Gross profit 4,530 4,675 14,518 15,321  
Demand creation expense 1,090 1,088 3,551 3,436  
Operating overhead expense 2,887 2,799 8,481 8,504  
Total selling and administrative expense 3,977 3,887 12,032 11,940  
Other segment items (82) (38) (43) (101)  
Interest (income) expense, net (15) (18) (42) (85)  
Income before income taxes 650 844 2,571 3,567  
Depreciation and amortization 185 198 554 576  
Inventories 7,487   7,487   $ 7,489
Operating Segments | TOTAL NIKE BRAND          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 11,012 10,890 34,498 33,951  
Cost of sales 6,610 6,392 20,423 19,269  
Gross profit 4,402 4,498 14,075 14,682  
Demand creation expense 1,070 1,046 3,470 3,309  
Operating overhead expense 2,274 2,186 6,646 6,570  
Total selling and administrative expense 3,344 3,232 10,116 9,879  
Other segment items (28) 9 (33) (43)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES 1,086 1,257 3,992 4,846  
Depreciation and amortization 156 164 463 471  
Inventories 7,540   7,540   7,244
Operating Segments | TOTAL NIKE BRAND | NORTH AMERICA          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 5,026 4,864 15,679 14,869  
Cost of sales 3,036 2,766 9,268 8,289  
Gross profit 1,990 2,098 6,411 6,580  
Demand creation expense 416 401 1,331 1,235  
Operating overhead expense 593 596 1,705 1,656  
Total selling and administrative expense 1,009 997 3,036 2,891  
Other segment items 0 (2) (1) (1)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES 981 1,103 3,376 3,690  
Depreciation and amortization 37 49 108 119  
Inventories 3,166   3,166   3,198
Operating Segments | TOTAL NIKE BRAND | EUROPE, MIDDLE EAST & AFRICA          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 2,874 2,811 9,597 9,257  
Cost of sales 1,705 1,696 5,530 5,179  
Gross profit 1,169 1,115 4,067 4,078  
Demand creation expense 296 267 943 870  
Operating overhead expense 360 353 1,141 1,091  
Total selling and administrative expense 656 620 2,084 1,961  
Other segment items (2) 15 0 14  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES 515 480 1,983 2,103  
Depreciation and amortization 37 37 113 108  
Inventories 2,269   2,269   2,042
Operating Segments | TOTAL NIKE BRAND | GREATER CHINA          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 1,615 1,733 4,550 5,110  
Cost of sales 839 953 2,473 2,765  
Gross profit 776 780 2,077 2,345  
Demand creation expense 97 123 341 372  
Operating overhead expense 235 235 725 727  
Total selling and administrative expense 332 358 1,066 1,099  
Other segment items (23) 1 (24) (52)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES 467 421 1,035 1,298  
Depreciation and amortization 11 11 33 37  
Inventories 937   937   951
Operating Segments | TOTAL NIKE BRAND | ASIA PACIFIC & LATIN AMERICA          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 1,490 1,470 4,647 4,676  
Cost of sales 870 829 2,672 2,588  
Gross profit 620 641 1,975 2,088  
Demand creation expense 91 97 297 285  
Operating overhead expense 200 200 614 597  
Total selling and administrative expense 291 297 911 882  
Other segment items (3) (2) (7) (2)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES 332 346 1,071 1,208  
Depreciation and amortization 13 12 42 36  
Inventories 1,011   1,011   905
Operating Segments | CONVERSE          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 264 405 930 1,335  
Cost of sales 167 217 536 672  
Gross profit 97 188 394 663  
Demand creation expense 17 40 74 118  
Operating overhead expense 120 108 326 332  
Total selling and administrative expense 137 148 400 450  
Other segment items 0 1 (1) 0  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES (40) 39 (5) 213  
Depreciation and amortization 2 3 6 11  
Inventories 195   195   272
GLOBAL BRAND DIVISIONS          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 7 12 25 39  
GLOBAL BRAND DIVISIONS | TOTAL NIKE BRAND          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 7 12 25 39  
Cost of sales 160 148 480 448  
Gross profit (153) (136) (455) (409)  
Demand creation expense 170 158 558 547  
Operating overhead expense 886 802 2,461 2,499  
Total selling and administrative expense 1,056 960 3,019 3,046  
Other segment items 0 (3) (1) (2)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES (1,209) (1,093) (3,473) (3,453)  
Depreciation and amortization 58 55 167 171  
Inventories 157   157   148
CORPORATE          
Segment Reporting, Asset Reconciling Item [Line Items]          
Revenues 3 (26) (2) (74)  
Cost of sales (28) (15) (51) (50)  
Gross profit 31 (11) 49 (24)  
Demand creation expense 3 2 7 9  
Operating overhead expense 493 505 1,509 1,602  
Total selling and administrative expense 496 507 1,516 1,611  
Other segment items (54) (48) (9) (58)  
EARNINGS (LOSS) BEFORE INTEREST AND TAXES (411) (470) (1,458) (1,577)  
Depreciation and amortization 27 $ 31 85 $ 94  
Inventories $ (248)   $ (248)   $ (27)
v3.26.1
COMMITMENTS AND CONTINGENCIES (Details) - USD ($)
$ in Billions
Feb. 28, 2026
May 31, 2025
Commitments and Contingencies Disclosure [Abstract]    
Letters of credit outstanding $ 1.3 $ 0.9
v3.26.1
SEVERANCE AND OTHER EMPLOYEE COSTS (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Feb. 28, 2026
USD ($)
Feb. 28, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]    
Payments for restructuring   $ 82
Pre-tax restructuring charges $ 222 222
General and administrative expense    
Restructuring Cost and Reserve [Line Items]    
Restructuring charges $ 193 $ 254
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Operating overhead expense Operating overhead expense
Cost of sales    
Restructuring Cost and Reserve [Line Items]    
Restructuring charges $ 37 $ 50
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of sales Cost of sales
Employee severance and related costs    
Restructuring Cost and Reserve [Line Items]    
Restructuring charges $ 230 $ 304
v3.26.1
SUPPLIER FINANCE PROGRAMS (Details) - USD ($)
$ in Billions
Feb. 28, 2026
May 31, 2025
Payables and Accruals [Abstract]    
Outstanding supplier obligations, current $ 0.7 $ 1.1