Nike received $302 million in tariff refunds. The company reported an additional $684 million in outstanding receivables as of May 31, 2026. Nike has collected nearly all remaining balances since its fiscal fourth quarter ended.
The total recovery of nearly $1 billion follows a U.S. Supreme Court ruling. This ruling invalidated duties previously imposed under the International Emergency Economic Powers Act (IEEPA). The cash infusion significantly increased Nike's fourth-quarter gross margin.
Despite the one-time financial gain, Nike faces ongoing challenges including flat annual revenue. The company also reported declining sales in Greater China.