耐克 2026年季度报告

FORM 10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDED FEBRUARY 28, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD FROMTO. NIKE, Inc. (Exact name of Registrant as specified in its charter) 93-0584541 (I.R.S. Employer Identification No.) NIKE, INC.FORM 10-QTABLE OF CONTENTS PART I - FINANCIAL INFORMATION PART II - OTHER INFORMATION PART I - FINANCIALINFORMATION ITEM1. FINANCIAL STATEMENTS NIKE, INC. NIKE, INC. NIKE, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS NIKE, INC. NIKE, INC. NOTES TO THE UNAUDITED CONDENSEDCONSOLIDATED FINANCIAL STATEMENTS NOTE1 — SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES BASIS OF PRESENTATION The Unaudited Condensed Consolidated Financial Statements include the accounts of NIKE, Inc. and its subsidiaries (the "Company" or"NIKE") and reflect all normal recurring adjustments which are, in the opinion of management, necessary for a fair statement of the results ofoperations for the interim period. The year-end Condensed Consolidated Balance Sheet data as of May31, 2025, was derived from auditedfinancial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America("U.S. GAAP"). The interim financial information and notes thereto should be read in conjunction with the Company's latest Annual Report onForm 10-K for the fiscal year ended May31, 2025 (the "Annual Report"). The results of operations for the three and nine months endedFebruary 28, 2026, are not necessarily indicative of results for the entire fiscal year. RECENT ACCOUNTING PRONOUNCEMENTS In December 2023, the Financial Accounting Standards Board (the "FASB") issued Accounting Standards Update ("ASU") 2023-09, IncomeTaxes (Topic 740): Improvements to Income Tax Disclosures, which includes amendments that further enhance income tax disclosures,primarily through standardization and disaggregation of rate reconciliation categories and income taxes paid by jurisdiction. The amendmentsare effective for the Company's annual periods beginning June 1, 2025. The Company will adopt the ASU on a prospective basis in the AnnualReport on Form 10-K for the fiscal year ending May 31, 2026. In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure about the types of costs andexpenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for theCompany's annual periods beginning June 1, 2027, and interim periods beginning June 1, 2028, with early adoption permitted, and may beapplied either prospectively or retrospectively. The Company is currently evaluating the ASU to determine its impact on the Company'sdisclosures. In November 2025, the FASB issued ASU 2025-09, Derivatives and Hedging (Topic 815): Hedge Accounting Improvements, which includesamendments to more closely align hedge accounting with the economics of an entity’s risk management activities. The amendments areeffective for the Company’s annual periods beginning June 1, 2027 and interim periods within those fiscal years, with early adoption permitted,and should be applied prospectively. The Company is currently evaluating the ASU to determine its impact on the Company’s financialstatements and related disclosures. NOTE2 — ACCRUED LIABILITIES Accrued liabilities included the following: NOTE3 — FAIR VALUE MEASUREMENTS The Company measures certain financial assets and liabilities at fair value on a recurring basis, including derivatives, equity securities andavailable-for-sale debt securities. The following tables present information about the Company's financial assets measured at fair value on a recurring basis as of February28,2026 and May31, 2025, and indicate the level in the fair value hierarchy in which the Company classifies the fair value measurement: As of February28, 2026, the Company held $485 million of available-for-sale debt securities with maturity dates within one year and $912million with maturity dates greater than one year and less than five years in Short-term investments on the Unaudited Condensed ConsolidatedBalance Sheets. The fair value of the Company's available-for-sale debt securities approximates their amortized cost. Included inInterest (income) expense, net was interest income related to the Company's investment portfolio of $65 million and $97 million forthe three months ended February 28, 2026 and 2025, respectively, and $210 million and $314 million for the nine months ended February 28,2026 and 2025, respectively. The following tables present information about the Company's derivative assets and liabilities measured at fair value on a recurring basis andindica