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The iconic Nike swoosh design is displayed in a window of the athletic company's new store on Broadway in Manhattan on April 24, 2026 in New York City.
Spencer Platt | Getty Images
Nike on Tuesday posted quarterly earnings and revenue that topped Wall Street expectations, despite another sales decline in its key China market.
Here's what Nike reported for its fiscal fourth quarter compared with analysts expectations, according to consensus estimates from LSEG:
Earnings per share: 20 cents adjusted vs. 13 cents expectedRevenue: $10.97 billion vs. $10.86 billion expectedThe company said its gross margin increased 8.9% during the quarter, largely due to an expected tariff refund of nearly $986 million after the Supreme Court struck down many of President Donald Trump's global duties. Analysts excluded that gain in their earnings expectations.
Nike posted net income of $1.07 billion, or 72 cents per share, compared with $211 million, or 14 cents per share, a year earlier.
Revenue climbed to $10.97 billion, down 1% from $11.10 billion in the prior-year period.
Nike's revenue in North America, its largest market, climbed 3% to $4.83 billion. It fell short of analysts' expectations of $4.88 billion, according to StreetAccount.
Sales in Nike's Greater China market dropped 12% to $1.30 billion. Even so, the company beat Wall Street's expectations of $1.24 billion in revenue.
