Nike Reports $11.3 Billion in Total Revenue for Q3 FY2026

Q3 FY2026 Headline Numbers at a Glance Total revenues: $11.3 billion, flat reported, down 3% currency neutral NIKE Brand revenues: $11.0 billion, up 1% reported, down 2% currency neutral Wholesale revenues: $6.5 billion, up 5% reported, up 1% currency neutral NIKE Direct revenues: $4.5 billion, down 4% reported, down 7% currency neutral Gross margin: 40.2%, down 130 basis points, primarily due to higher tariffs in North America Net income: $520 million, down 35% Diluted EPS: $0.35, down 35% Inventories: $7.5 billion, down 1% Cash and equivalents and short term investments: $8.1 billion, down approximately $2.3 billion North America Leads While Greater China and Converse Drag North America was the standout performer, with total revenues of $5.0 billion, up 3%, driven by footwear growth of 6% to $3.3 billion.

EMEA posted revenues of $2.9 billion, up 2% reported but down 7% currency neutral, while Asia Pacific & Latin America came in at $1.5 billion, up 1% reported but down 2% currency neutral.

Greater China remained a pressure point, with revenues of $1.6 billion, down 7% reported and down 10% currency neutral, as declines in footwear and apparel persisted. Converse was the…