| Schedule of Segment Reporting Information, by Segment |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | THREE MONTHS ENDED AUGUST 31, 2026 | (Dollars in millions) | NORTH AMERICA | EUROPE, MIDDLE EAST & AFRICA | GREATER CHINA | ASIA PACIFIC & LATIN AMERICA | GLOBAL BRAND DIVISIONS | TOTAL NIKE BRAND | CONVERSE | CORPORATE | TOTAL NIKE, INC. | Revenues | $ | 5,127 | | $ | 3,176 | | $ | 1,180 | | $ | 1,463 | | $ | 6 | | $ | 10,952 | | $ | 263 | | $ | (2) | | $ | 11,213 | | | Cost of sales | 2,903 | | 1,765 | | 619 | | 844 | | 168 | | 6,299 | | 144 | | (28) | | 6,415 | | | Gross profit (loss) | 2,224 | | 1,411 | | 561 | | 619 | | (162) | | 4,653 | | 119 | | 26 | | 4,798 | | Demand creation expense | 511 | | 313 | | 88 | | 93 | | 232 | | 1,237 | | 14 | | 1 | | 1,252 | | Operating overhead expense | 564 | | 370 | | 226 | | 200 | | 716 | | 2,076 | | 82 | | 500 | | 2,658 | | Total selling and administrative expense | 1,075 | | 683 | | 314 | | 293 | | 948 | | 3,313 | | 96 | | 501 | | 3,910 | | Other segment items(1) | (21) | | — | | (1) | | 2 | | — | | (20) | | (2) | | 3 | | (19) | | EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,170 | | $ | 728 | | $ | 248 | | $ | 324 | | $ | (1,110) | | $ | 1,360 | | $ | 25 | | $ | (478) | | | Interest (income) expense, net | | | | | | | | | (14) | | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | | | | | | | | | $ | 921 | | | Supplemental information: | | | | | | | | | | Depreciation and amortization(2) | $ | 41 | | 38 | | 11 | | 17 | | 54 | | 161 | | 2 | | 30 | | $ | 193 | |
(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 AUGUST 31, 2025 | (Dollars in millions) | NORTH AMERICA | EUROPE, MIDDLE EAST & AFRICA | GREATER CHINA | ASIA PACIFIC & LATIN AMERICA | GLOBAL BRAND DIVISIONS | TOTAL NIKE BRAND | CONVERSE | CORPORATE | TOTAL NIKE, INC. | Revenues | $ | 5,020 | | $ | 3,331 | | $ | 1,512 | | $ | 1,490 | | $ | 9 | | $ | 11,362 | | $ | 366 | | $ | (8) | | $ | 11,720 | | | Cost of sales | 2,897 | | 1,900 | | 798 | | 838 | | 168 | | 6,601 | | 193 | | (17) | | 6,777 | | | Gross profit (loss) | 2,123 | | 1,431 | | 714 | | 652 | | (159) | | 4,761 | | 173 | | 9 | | 4,943 | | Demand creation expense | 442 | | 313 | | 99 | | 97 | | 203 | | 1,154 | | 33 | | 1 | | 1,188 | | Operating overhead expense | 547 | | 382 | | 238 | | 208 | | 831 | | 2,206 | | 102 | | 520 | | 2,828 | | Total selling and administrative expense | 989 | | 695 | | 337 | | 305 | | 1,034 | | 3,360 | | 135 | | 521 | | 4,016 | | Other segment items(1) | — | | 1 | | — | | (3) | | (1) | | (3) | | (1) | | 27 | | 23 | | EARNINGS (LOSS) BEFORE INTEREST AND TAXES | $ | 1,134 | | $ | 735 | | $ | 377 | | $ | 350 | | $ | (1,192) | | $ | 1,404 | | $ | 39 | | $ | (539) | | | Interest (income) expense, net | | | | | | | | | (18) | | TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES | | | | | | | | | $ | 922 | | | Supplemental information: | | | | | | | | | | Depreciation and amortization(2) | $ | 38 | | 39 | | 12 | | 16 | | 54 | | 159 | | 2 | | 29 | | $ | 190 | |
(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. | | | | | | | | | | | | | AUGUST 31, | | MAY 31, | (Dollars in millions) | 2026 | | 2026 | INVENTORIES(1) | | | | | North America | $ | 3,491 | | $ | 3,320 | | Europe, Middle East & Africa | 2,209 | | 2,253 | | Greater China | 853 | | 793 | | Asia Pacific & Latin America | 1,049 | | 964 | Global Brand Divisions | 175 | | 166 | TOTAL NIKE BRAND | 7,777 | | 7,496 | | Converse | 148 | | 171 | Corporate(2) | (79) | | (166) | TOTAL NIKE, INC. INVENTORIES | $ | 7,846 | | $ | 7,501 |
(1)Inventories as of August 31, 2026 and May 31, 2026 were substantially all finished goods. (2)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.
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