Every material Form 8-K Nike filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NIKE reported fiscal second-quarter results for the period ended November 30, 2025, with revenues up 1 percent to $12.4 billion, flat on a currency-neutral basis. Net income fell 32 percent to $0.8 billion, and gross margin declined 300 basis points to 40.6 percent, which the company attributed primarily to higher tariffs in North America. The filing contains no revenue or earnings guidance for future periods.
Revenues were $12.4 billion, up 1 percent reported and flat currency-neutral; NIKE Direct fell 8 percent to $4.6 billion, while Wholesale rose 8 percent to $7.5 billion
Diluted earnings per share were $0.53 versus $0.78 a year earlier, a 32 percent decrease; net income was $0.8 billion, down 32 percent
Gross margin decreased 300 basis points to 40.6 percent, primarily due to higher tariffs in North America
Greater China revenues fell 17 percent to $1.4 billion; dividends returned about $598 million to shareholders, up 7 percent
Nike announced organizational changes to its senior leadership team, including the appointment of Chief Supply Chain Officer Venkatesh Alagirisamy as Executive Vice President, Chief Operating Officer, effective December 8, 2025. The company also eliminated the Chief Commercial Officer role held by Craig Williams, who will leave the company on April 6, 2026, and the Chief Technology Officer role, with Dr. Muge Dogan leaving the company. The filing describes these moves as a way to remove layers and reporting structure changes, which affects leadership of technology, sales and the four geographies.
Venkatesh Alagirisamy, 49, becomes EVP and COO effective December 8, 2025, with base salary increased to $1,025,000 and target bonus raised to 120%.
Alagirisamy's target long-term incentive grant value increased to $5,500,000, plus one-time equity awards on December 10, 2025 with target values of $2,270,000 in PSUs, $415,000 in stock options and $415,000 in RSUs.
Craig Williams ceases to be Chief Commercial Officer on December 5, 2025 and separates from the company on April 6, 2026; his separation is treated as an involuntary termination without cause for equity award purposes.
Global Sales and Nike Direct will report to CFO Matt Friend, and the leaders of four Geographies will join the senior leadership team.
NIKE reported fiscal first-quarter 2026 results for the period ended August 31, 2025. Revenue rose 1% to $11.7 billion on a reported basis but fell 1% on a currency-neutral basis, while net income fell 31% to $727 million and diluted EPS fell 30% to $0.49. The company cited lower average selling prices from higher discounts and channel mix, plus higher tariffs in North America, as pressures on gross margin, which dropped 320 basis points to 42.2%.
Revenue was $11.7 billion, up 1% reported and down 1% currency-neutral; NIKE Direct fell 4% to $4.5 billion and Wholesale rose 7% to $6.8 billion.
Gross margin decreased 320 basis points to 42.2%, primarily due to lower average selling price and higher tariffs in North America.
Net income was $727 million, down 31%; diluted EPS was $0.49 versus $0.70 a year earlier.
The company returned about $714 million to shareholders, including $591 million in dividends and $123 million in share repurchases.
At its virtual annual meeting on September 9, 2025, Nike shareholders approved an amended and restated Stock Incentive Plan that increases the Class B shares authorized for issuance by 45,000,000. The meeting also elected the listed directors, approved the advisory vote on executive compensation, and ratified PricewaterhouseCoopers LLP as the auditor for the fiscal year ending May 31, 2026. The plan change raises the pool of shares available for equity awards, which matters to shareholders because it affects potential share issuance.
Shareholders approved the Stock Incentive Plan amendment, adding 45,000,000 Class B shares for issuance: 1,091,712,762 votes for and 50,754,147 against.
Advisory vote on executive compensation: 1,065,823,346 for and 72,948,569 against.
Ratification of PricewaterhouseCoopers LLP for the fiscal year ending May 31, 2026: 1,190,945,670 for and 72,877,368 against.
Director John Rogers, Jr. received 554,235,146 Class B votes for and 301,793,426 withheld; Mónica Gil received 830,559,891 for and 25,468,681 withheld.
NIKE reported fiscal 2025 fourth-quarter revenue of $11.1 billion, down 12 percent, and diluted EPS of $0.14, down 86 percent from $0.99. For the full year, revenue fell 10 percent to $46.3 billion and diluted EPS fell 42 percent to $2.16, and the company said its fourth quarter reflected the largest financial impact from its Win Now actions. The filing gives no new full-year or next-quarter guidance figures, and the company said it expects headwinds to moderate.
Q4 gross margin fell 440 basis points to 40.3 percent, driven by higher discounts and channel mix changes
NIKE Brand Digital revenue fell 26 percent in Q4; NIKE Direct revenue fell 14 percent to $4.4 billion
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nike filing is on SEC EDGAR ↗. 8-K briefs of other companies →