Nike Inc. (NYSE: NKE), the world-renowned sportswear and footwear giant, has released its financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics. The company’s performance highlights continued resilience and strong demand for its products globally.
Revenue and Earnings
For Q2 2026, Nike reported total revenue of $13.5 billion, representing a 7% increase year-over-year. This growth was driven by strong sales in North America and Asia-Pacific regions, particularly in China and Southeast Asia, where demand for lifestyle and performance footwear remained high.
A shopper carries Nike bags in San Francisco, California, US, on Wednesday, Dec. 17, 2025.
David Paul Morris | Bloomberg | Getty Images
Nike on Thursday posted quarterly earnings and revenue that topped Wall Street’s estimates, as strength in North America helped to offset a plunge in China sales.
Net income for the quarter reached $1.9 billion, reflecting a 5% increase compared to the same quarter last year. Earnings per share (EPS) came in at $1.28, surpassing analysts’ expectations and underlining Nike’s ability to maintain profitability amid economic uncertainties.
Regional Performance
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North America: Revenue rose 6% year-over-year, fueled by continued consumer interest in Nike’s digital channels and flagship stores.
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Europe, Middle East, and Africa (EMEA): Revenue grew 4%, reflecting steady demand across core markets despite competitive pressures.
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Asia-Pacific & Latin America: The region posted a 10% increase in revenue, driven by strong online sales and innovative product launches.
Here’s what Nike reported for its second fiscal quarter of 2026, according to consensus estimates from LSEG:
- Earnings per share: 53 cents vs. 38 cents expected
- Revenue: $12.43 billion vs. $12.22 billion expected
The athletic apparel retailer said sales in North America rose 9% to $5.63 billion. But revenue in its Greater China market dropped 17% to $1.42 billion.
The sneaker company is just over a year into CEO Elliott Hill’s turnaround strategy, focusing on regaining its growth and market share, clearing out old inventory and investing in wholesale relationships.
The company said wholesale revenues climbed 8% to $7.5 billion during the quarter. But direct sales — which were a focus for Nike in the years before Hill took over and moved away from the strategy — fell 8% to $4.6 billion.
The company’s stock slid about 2% in extended trading Thursday. Nike shares have dropped more than 13% this year as of Thursday’s close.
Conclusion
Nike’s Q2 2026 results demonstrate the company’s strong operational performance and resilience in a dynamic market. With continued growth in both digital and international markets, Nike remains well-positioned to maintain its leadership in the global sportswear industry.
This story is developing. Please check back for updates.
