v3.26.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
YEAR ENDED MAY 31, 2026
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$20,511 $12,572 $5,847 $6,243 $49 $45,222 $1,174 $2 $46,398 
Cost of sales11,160 7,313 3,177 3,619 653 25,922 660 (95)26,487 
Gross profit (loss)9,351 5,259 2,670 2,624 (604)19,300 514 97 19,911 
Demand creation expense
1,730 1,286 455 416 763 4,650 95 9 4,754 
Operating overhead expense
2,259 1,555 993 828 3,240 8,875 402 2,083 11,360 
Total selling and administrative expense
3,989 2,841 1,448 1,244 4,003 13,525 497 2,092 16,114 
Other segment items(1)
(14)1 (56)(7)(4)(80)(1)28 (53)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$5,376 $2,417 $1,278 $1,387 $(4,603)$5,855 $18 $(2,023)
Interest (income) expense, net(50)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$3,900 
Supplemental information:
  Depreciation and amortization(2)
$145 153 44 54 231 627 8 112 $747 
  Inventories(3)
$3,320 2,253 793 964 166 7,496 171 (166)$7,501 
(1)At the 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.
(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse.

YEAR ENDED MAY 31, 2025
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues
$19,572 $12,257 $6,586 $6,251 $48 $44,714 $1,692 $(97)$46,309 
Cost of sales11,056 6,967 3,558 3,502 634 25,717 868 (66)26,519 
Gross profit (loss)8,516 5,290 3,028 2,749 (586)18,997 824 (31)19,790 
Demand creation expense
1,633 1,222 529 421 716 4,521 156 12 4,689 
Operating overhead expense
2,150 1,479 973 804 3,401 8,807 430 2,162 11,399 
Total selling and administrative expense
3,783 2,701 1,502 1,225 4,117 13,328 586 2,174 16,088 
Other segment items(1)
(2)14 (76)(3)(4)(71)(2)(3)(76)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$4,735 $2,575 $1,602 $1,527 $(4,699)$5,740 $240 $(2,202)
Interest (income) expense, net(107)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES
$3,885 
Supplemental information:
  Depreciation and amortization(2)
$157 143 49 50 237 636 14 125 $775 
  Inventories(3)
$3,198 2,042 951 905 148 7,244 272 (27)$7,489 
(1)At the 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.
(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse.
YEAR ENDED MAY 31, 2024
(Dollars in millions)
NORTH AMERICAEUROPE, MIDDLE EAST & AFRICAGREATER CHINAASIA PACIFIC & LATIN AMERICAGLOBAL BRAND DIVISIONSTOTAL NIKE BRANDCONVERSECORPORATETOTAL NIKE, INC.
Revenues$21,396 $13,607 $7,545 $6,729 $45 $49,322 $2,082 $(42)$51,362 
Cost of sales11,899 7,589 3,761 3,639 602 27,490 989 (4)28,475 
Gross profit (loss)9,497 6,018 3,784 3,090 (557)21,832 1,093 (38)22,887 
Demand creation expense1,495 1,114 519 407 596 4,131 140 14 4,285 
Operating overhead expense2,189 1,517 1,019 801 3,534 9,060 485 2,746 12,291 
Total selling and administrative expense3,684 2,631 1,538 1,208 4,130 13,191 625 2,760 16,576 
Other segment items(1)
(9)(1)(63)(3)33 (43)(6)(179)(228)
EARNINGS (LOSS) BEFORE INTEREST AND TAXES
$5,822 $3,388 $2,309 $1,885 $(4,720)$8,684 $474 $(2,619)
Interest (income) expense, net(161)
TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $6,700 
Supplemental information:
  Depreciation and amortization(2)
$152 146 56 51 236 641 17 138 $796 
  Inventories(3)
$3,134 2,028 1,070 810 166 7,208 296 15 $7,519 
(1)At the 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 by segment are included within Cost of sales and Operating overhead expense, as applicable.
(3)Corporate inventories represent the difference between actual foreign currency exchange rates and the standard foreign currency rates used to record non-functional currency denominated product purchases within the geographic segments and Converse.
Long-Lived Assets by Geographic Areas Long-lived assets attributable to operations in these countries, which consist of property, plant and equipment, net and operating lease ROU assets, net, were as follows:
MAY 31,
(Dollars in millions)
20262025
United States4,101 4,467 
United Kingdom838 422 
Belgium745 774 
China472 488 
Other
1,478 1,389 
TOTAL LONG-LIVED ASSETS
$7,634 $7,540