Tariffs and trade policymixed · 3 filings
“The decreases in Accounts receivable and Income taxes payable were primarily due to receipt of the International Emergency Economic Powers Act tariff receivable and the related U.S.”10-Q · Oct 2, 2026 ↗
NIKE, Inc.
NKE
Market read
NIKE, Inc.'s move is being confirmed by its market group.
No new filing conclusion is available. 8 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Company-0.7% todayVolume comparison unavailable
Market group8 of 23 activeReal Estate Services · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 15 of 23 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as TPR begins moving with the group.
Invalidation: The live read weakens if participation falls to 8 of 23 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 8 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 15 of 23 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as TPR begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations620
Usable filing statements81
Verified relationships9
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 43% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 32% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 7, 2026
34.376m-20.3%12m-51.7%24m-58.6%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-05-31$46.7B+4.9%$3.75+0.1%
2023-05-31$51.2B+9.6%$3.23-2.5%
2024-05-31$51.4B+0.3%$3.73-2.6%
2025-05-31$46.3B-9.8%$2.16-2.8%
2026-05-31$46.4B+0.2%$2.10-0.4%
What management says matters
Persistent and emerging business drivers
Demand and volumenegative · 1 filings
“Demand creation expense decreased 58% primarily due to lower brand marketing expense.”10-Q · Oct 2, 2026 ↗
Foreign exchangenegative · 1 filings
“Operating overhead expense decreased 4% due to lower wage-related expense, lower other administrative costs and favorable changes in foreign currency exchange rates.”10-Q · Oct 2, 2026 ↗
Input and raw-material costsnegative · 1 filings
“This was partially offset by: • Higher other costs, primarily due to third-party royalties, decreasing gross margin approximately 40 basis points; • Lower NIKE Brand ASP, decreasing gross margin approximately 30 basis points, primarily due to higher discounts…”10-Q · Oct 2, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.1× · EV/sales 1.1×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
34.37-0.7% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for NKE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for NKE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind NKE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
WMBThe Williams Companies, Inc.partnerJul 17, 2025 ▾
“Williams leads NIKE's four geographic operating units, the global direct to consumer business and wholesale marketplace partnerships.”
WMTWalmart Inc.distributorJul 17, 2025 ▾
“Montagne worked in allocation, planning and merchandising at Gap Inc., Mervyn’s and Walmart Inc.”
Depended on by
ASOAcademy Sports and Outdoors, Inc.competitorMar 17, 2026 ▾
“We have preferred access to hundred s of well-recognized national brands, such as Nike, including its Jordan Brand , Under Armour, adidas, Win chester, Columbia Sportswear, The North Face, Brooks, Skechers, Yeti, Stanley and Carhartt, which are critical to ou…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
NKE is currently a Participant in the organic co-movement group Real Estate Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.