Nike, Inc.

Cash and equivalents and short-term investments were $8.6 billion, down approximately $1.7 billion from last year, as cash generated by operations was more than offset by cash dividends, share repurchases, bond repayment and capital expenditures.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Shareholder Returns NIKE has a strong track record of returns to shareholders, including 23 consecutive years of increasing dividend payouts.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

In the first quarter, the Company returned approximately $714 million to shareholders, including Dividends of $591 million, up 6 percent from the prior year.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Share repurchases of $123 million, reflecting 1.8 million shares retired as part of the Company s four-year, $18 billion program approved by the Board of Directors in June 2022.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

As of August 31, 2025, a total of 124.4 million shares have been repurchased under the program for a total of approximately $12.1 billion.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Treasury securities 769 2 767 Level 2: Commercial paper and bonds 710 13 697 Money market funds 5,601 5,601 Time deposits 228 228 Total Level 2 6,539 5,842 697 TOTAL $ 9,027 $ 7,563 $ 1,464 As of August 31, 2026, the Company held $ 599 million of available-for-sale debt securities with maturity dates within one year and $ 866 million with maturity dates greater than one year and less than five years in Short-term investments on the Unaudited Condensed Consolidated Balance Sheets.

SEC original ↗Nike, Inc. — 10-Q Quarterly report10-QOct 2, 2026

First quarter revenues were $11.7 billion, up 1 percent on a reported basis compared to the prior year and down 1 percent on a currency-neutral basis* NIKE Direct revenues were $4.5 billion, down 4 percent on a reported basis and down 5 percent on a currency-neutral basis Wholesale revenues were $6.8 billion, up 7 percent on a reported basis and up 5 percent on a currency-neutral basis Gross margin decreased 320 basis points to 42.2 percent Diluted earnings per share was $0.49 This quarter NIKE drove progress through our Win Now actions in our priority areas of North America, Wholesale, and Running, said Elliott Hill, President CEO, NIKE, Inc.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

While we navigate several external headwinds, our teams are focused on executing against what we can control.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Our strategy is to achieve sustainable, profitable long-term revenue growth by leading with sport, creating innovative, "must-have" products, building deep personal consumer connections with our brands and delivering compelling consumer experiences through digital platforms and at retail.

SEC original ↗Nike, Inc. — 10-Q Quarterly report10-QOct 2, 2026

Despite these factors, we are focused on driving distinction within key sports, building a complete product portfolio, creating stories to inspire and emotionally connect with consumers, and elevating and growing the entire marketplace as we continue to take actions across the following areas: Product Management: Accelerating product innovation and reducing the supply of certain footwear products in the marketplace to rebalance the mix of our footwear portfolio.

SEC original ↗Nike, Inc. — 10-Q Quarterly report10-QOct 2, 2026

Brand Management: Investing in demand creation, including brand marketing and sports marketing, to support key product launches and sports moments.

SEC original ↗Nike, Inc. — 10-Q Quarterly report10-QOct 2, 2026

While we navigate several external headwinds, our teams are focused on executing against what we can control.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Gross margin decreased 320 basis points to 42.2 percent, primarily due to lower average selling price, reflecting higher discounts and channel mix, as well as higher tariffs in North America.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

were $8.1 billion, down 2 percent compared to the prior year, reflecting a decrease in units, partially offset by increased product costs, primarily due to higher tariffs in North America.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Forward-Looking Statements This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.

SEC original ↗Nike, Inc. — Earnings release (8-K exhibit)EX-99Sep 30, 2025

Legal Proceedings 38 ITEM 1A.

SEC original ↗Nike, Inc. — 10-Q Quarterly report10-QOct 2, 2026