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NIKE, Inc.

For the period ended May 31, 2025. Filed Jul 17, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Jul 17, 2025

NKE$39.88+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

ANNUAL REPORT ON FORM 10-K

TABLE OF CONTENTS

PAGE
PART I1
ITEM 1.Business1
General1
Products1
Sales and Marketing2
Our Markets2
Significant Customer3
Product Research, Design and Development3
Manufacturing3
International Operations and Trade4
Competition5
Trademarks and Patents5
Human Capital Resources6
Available Information and Websites7
Information about our Executive Officers8
ITEM 1A.Risk Factors9
ITEM 1B.Unresolved Staff Comments24
ITEM 1C.Cybersecurity24
ITEM 2.Properties25
ITEM 3.Legal Proceedings25
ITEM 4.Mine Safety Disclosures25
PART II26
ITEM 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities26
ITEM 6.Reserved28
ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations29
ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk50
ITEM 8.Financial Statements and Supplementary Data52
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure89
ITEM 9A.Controls and Procedures89
ITEM 9B.Other Information89
ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections89
PART III90
(Except for the information set forth under “Information about our Executive Officers” in Item 1 above, Part III is incorporated by reference from the Proxy Statement for the NIKE, Inc. 2025 Annual Meeting of Shareholders.)
ITEM 10.Directors, Executive Officers and Corporate Governance90
ITEM 11.Executive Compensation90
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters90
ITEM 13.Certain Relationships and Related Transactions and Director Independence90
ITEM 14.Principal Accountant Fees and Services90
PART IV91
ITEM 15.Exhibits and Financial Statement Schedules91
Signatures96
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.