NIKE, Inc. (NKE) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that NIKE, Inc. surfaced in its latest filing.

• Swoosh, LLC, formed by Philip Knight, owned approximately 79% of Class A Common Stock as of June 30, 2026.June 30, 2026
• The company's long-term debt rating was downgraded by S&P Global Ratings and Moody's Ratings in 2025.2025
• The European Commission opened a formal State Aid investigation into Netherlands tax rulings granted to the Company in January 2019.January 2019
• Several EU member states adopted domestic legislation implementing a global corporate minimum tax rate of 15% effective for the Company in fiscal 2025.fiscal 2025
• OECD introduced a 'side-by-side' framework under Pillar Two in January 2026, largely exempting U.S. headquartered companies.January 2026
• The company is subject to multiple securities class action and shareholder derivative lawsuits relating to a drop in its stock price.
• NIKE experienced cyberattacks including phishing and unauthorized access attempts, though to date none had a material impact.
• The Philip H. Knight Campus is located in a seismic zone with higher earthquake risk.