Nike (NKE) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended August 31, 2026 and Nike published the results on October 1, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Nike's fiscal year ends May 31. Q1 fiscal 2027 is June through August 2026.

Source: Nike Q1 fiscal 2027 results, October 1, 2026. Also in the Form 10-Q for the quarter ended August 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Nike splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Nike's North America revenue was $5.1 billion in Q1 fiscal 2027, up 2% from $5.0 billion in Q1 fiscal 2026, 46% of total revenue.
• Nike's Europe, Middle East & Africa revenue was $3.2 billion in Q1 fiscal 2027, down 5% from $3.3 billion in Q1 fiscal 2026, 28% of total revenue.
• Nike's Greater China revenue was $1.2 billion in Q1 fiscal 2027, down 22% from $1.5 billion in Q1 fiscal 2026, 11% of total revenue.
• Nike's Asia Pacific & Latin America revenue was $1.5 billion in Q1 fiscal 2027, down 2% from $1.5 billion in Q1 fiscal 2026, 13% of total revenue.
• Nike's Converse revenue was $263 million in Q1 fiscal 2027, down 28% from $366 million in Q1 fiscal 2026, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Nike also guides adjusted diluted EPS of $1.15 to $1.35 for fiscal 2027, which excludes about $0.15 of restructuring expenses related to its Pace program.

In its Q1 fiscal 2027 release, Nike said:

“Revenues are expected to decline high-single digits in fiscal 2027”

“Effective tax rate for fiscal 2027 is expected to be in the mid-20 percent range, subject to changes in earnings mix and discrete tax items.”

Source: Nike Q1 fiscal 2027 release, Oct 1, 2026.

This is the company's own guidance as of Oct 1, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the NKE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and diluted EPS, each as first reported in that quarter's release. Q4 fiscal 2026 diluted EPS of $0.72 included a $0.52 benefit related to the expected recovery of IEEPA tariffs.

Nike's next report is expected around December 17, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Oct 1, 2026

Nike's revenues were $11,213 million in Q1 fiscal 2027, down 4% on a reported basis and 5% currency-neutral. The NIKE Brand, which includes Jordan, brought in $10,952 million and Converse $263 million, down 28%. By product, NIKE Brand footwear was $6,951 million, apparel $3,384 million and equipment $611 million. (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

Greater China accounted for most of the decline: revenue there fell 22% to $1,180 million (26% currency-neutral) and its EBIT fell to $248 million from $377 million. Europe, Middle East & Africa fell 5% to $3,176 million, while North America grew 2% to $5,127 million, with North American wholesale up 9% to $2,981 million. Nike cites declining store traffic, elevated promotions and high marketplace inventory in Greater China. (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

By channel, NIKE Brand wholesale revenues were $6,804 million, down 1%, and NIKE Direct revenues $4,142 million, down 8%. Within NIKE Direct, NIKE Brand Digital sales fell 13% to $1.8 billion and NIKE store sales fell 5% to $2.3 billion. Nike is repositioning NIKE Brand Digital as a full-price platform and reinvesting in wholesale, which includes clearing inventory through more markdowns in NIKE Direct. (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

Nike's footwear unit sales dropped 5% and lower average selling price per pair took about 1 percentage point off footwear revenue, which Nike attributes to channel mix and higher discounts. Apparel unit sales fell 2%, but higher average selling price added about 4 percentage points, from product mix and pricing. (Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

Gross margin rose 60 basis points to 42.8%. Nike credits lower warehousing and logistics costs (about 90 basis points), currency including hedges (about 40) and lower product costs (about 10), partly offset by higher third-party royalties (about 40) and lower NIKE Brand selling prices (about 30). (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

Nike reported GAAP diluted EPS of $0.48 in Q1 fiscal 2027, against $0.49 a year earlier, and no adjusted EPS figure for the quarter. Net income was $712 million, down 2%. Selling and administrative expense fell 3% to $3,910 million: demand creation expense rose 5% to $1,252 million on brand marketing around sports events, and operating overhead fell 6% to $2,658 million on lower wage-related and administrative costs. (Nike Q1 fiscal 2027 release, Oct 1, 2026)

Nike's effective tax rate rose to 22.7% from 21.1%, which Nike puts down to foreign tax audit settlements. Diluted shares were 1,484.2 million, against 1,479.0 million a year earlier: Nike has paused repurchases since the first quarter of fiscal 2026 and bought back no shares in the quarter. It returned about $610 million through dividends, with the quarterly dividend at $0.410 per share against $0.400. (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Nike gives a full-year outlook in its release. For fiscal 2027 it expects revenues to decline high-single digits, an effective tax rate in the mid-20 percent range, and adjusted diluted EPS of $1.15 to $1.35, which excludes about $0.15 of restructuring expenses related to Pace. (Nike Q1 fiscal 2027 release, Oct 1, 2026)

Pace is the operating model program Nike announced with these results. Nike expects it to deliver about $2.5 billion of cumulative savings through fiscal 2031, with about $1.0 billion of pre-tax charges over that period, about $0.3 billion of them in fiscal 2027. The 10-Q says actions in NIKE Sportswear, Jordan Brand and Greater China are expected to extend beyond fiscal 2027 and the Converse reset to continue throughout it. (Nike Q1 fiscal 2027 release, Oct 1, 2026; Nike Form 10-Q, Q1 fiscal 2027, Oct 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Nike, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Nike's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning NKE is on is NKE a buy or a sell?, what analysts expect next is on the NKE forecast, and what the company does is on the Nike (NKE) stock page.

Every number on this page can be traced to a document Nike published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.