As of Q2'26 (2025-11-30), Nike reported net income of USD 792M, reflecting a year-over-year decline of 31.9%. This marks a slight increase from the previous quarter's net income of USD 727M, but YoY growth remains negative. Over the period from Q3'23 to Q2'26, Nike's net income has exhibited significant volatility, with notable peaks in Q2'24 (USD 1.58B) and Q4'24 (USD 1.5B), followed by a pronounced downward trend. Year-over-year growth rates have been predominantly negative since Q1'25, with the most substantial drop occurring in Q4'25 (-85.9%). This suggests ongoing profitability challenges and a sustained decline in earnings momentum through the latest quarters.