Compared to Estimates, Nike (NKE) Q4 Earnings: A Look at Key Metrics

For the quarter ended May 2026, Nike (NKE) reported revenue of $10.97 billion, down 1.1% over the same period last year. EPS came in at $0.20, compared to $0.14 in the year-ago quarter.

The reported revenue represents a surprise of +1.13% over the Zacks Consensus Estimate of $10.85 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +82.48%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nike performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- North America: $4.83 billion versus the seven-analyst average estimate of $4.85 billion. The reported number represents a year-over-year change of +2.7%. Geographic Revenue- Greater China: $1.3 billion versus $1.21 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -12.1% change. Geographic Revenue- Asia Pacific & Latin America: $1.6 billion compared to the $1.56 billion average estimate based on seven analysts. The reported number represents a change of +1.3% year over year. Geographic Revenue- Europe, Middle East and Africa: $2.98 billion versus $2.98 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -0.8% change. Geographic Revenue- Greater China- Equipment: $25 million versus $22.82 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -16.7% change. Revenue- Converse: $244 million compared to the $260.53 million average estimate based on seven analysts. The reported number represents a change of -31.7% year over year. Revenue- Total Nike Brand: $10.72 billion compared to the $10.58 billion average estimate based on six analysts. The reported number represents a change of -0.4% year over year. Revenue- Global Brand Divisions: $24 million compared to the $7.77 million average estimate based on six analysts. The reported number represents a change of +166.7% year over year. Revenue- Corporate: $4 million compared to the $-13.35 million average estimate based on six analysts. The reported number represents a change of -117.4% year over year. Revenue- Footwear: $7.1 billion compared to the $7.03 billion average estimate based on four analysts. The reported number represents a change of -1.1% year over year. Revenue- Apparel: $3.05 billion compared to the $2.93 billion average estimate based on four analysts. The reported number represents a change of +1.5% year over year. Revenue- Equipment: $551 million versus $561.72 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -2.8% change.

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Shares of Nike have returned -9.7% over the past month versus the Zacks S&P 500 composite's -1.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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