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NKE Revenue by Segments

Revenue by Segments

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In Q2'26, Nike's (NKE) total revenue reached $12.4B USD, with Footwear contributing the largest share at $7.9B USD, followed by Apparel at $3.9B USD, Equipment at $555M USD, and Other at $37M USD. This marks a modest quarter-over-quarter increase from Q1'26's $8.1B USD total, driven primarily by gains in Apparel and Footwear segments. Over the period from Q3'23 to Q2'26, Footwear has dominated as the core revenue driver, averaging around $8.3B USD per quarter but showing volatility with a peak of $10.1B USD in Q4'25 and a low of $7.5B USD in Q3'25, reflecting fluctuating demand patterns. Apparel has maintained steady growth from $3.4B USD to $3.9B USD, while Equipment experienced a sharp 85% drop to $90M USD in Q4'25 before partial recovery, and Other remained negligible at under $50M USD throughout, underscoring Nike's heavy reliance on Footwear for overall stability amid segment-specific challenges.