Nike (NKE) Q3 2026 Earnings

Yes. Nike reported Q3 2026 earnings of $0.35 a share on Mar 31, 2026, beating the $0.28 consensus estimate by 24.2%. Revenue was $11.3B against a $11.2B estimate.

Nike posted a stronger-than-expected fiscal third quarter for 2026, with GAAP diluted EPS of $0.35 beating the $0.28 consensus by 24.25%, even as the underlying business continued to face meaningful pressure. Revenue of $11.28 billion edged ahead of the $11.23 billion analyst estimate and was essentially flat year-over-year, up just 0.1%, masking a 3% decline on a currency-neutral basis. The profit beat, however, carries an important caveat: this quarter's GAAP results reflect a 20.0% effective tax rate, compared to just 5.9% a year ago, when a one-time non-cash deferred tax benefit tied to U.S. tax regulations on foreign currency gains and losses had significantly depressed the prior-year figure. Beneath the headline beat, gross margin contracted 130 basis points to 40.2%, with higher North American tariffs a primary culprit, and net income fell 35% to $520 million. CEO Elliott Hill, who recently purchased shares on the open market, acknowledged that the ongoing "Win Now" transformation is progressing unevenly across the portfolio, and CFO Matthew Friend cautioned that these restructuring actions will continue to weigh on results through the balance of the calendar year.