World-Famous Sportswear Brand Nike to Be Removed from S&P 100 Index
With an adjustment made by S&P Dow Jones Indices, Nike, whose market value has declined, will lose its place in the S&P 100 index on September 21, 2026.
Nike, one of the world's leading sportswear companies, is being removed from the S&P 100 index on September 21, 2026, as part of the quarterly index adjustment. The company will continue to maintain its trading status on the New York Stock Exchange and its place in the broader S&P 500 index.
Details of the Index Change
Nike, one of the world's largest sportswear companies, is being removed from the S&P 100 index, which tracks major Wall Street corporations. Announced by S&P Dow Jones Indices, this change will take effect before the opening of the US markets on September 21, 2026, within the framework of the quarterly index adjustment.
Nike's removal from the S&P 100 does not mean the company will be completely delisted from the New York Stock Exchange. The company's shares will continue to be traded on the exchange under the ticker symbol NKE and will retain their place in the broader S&P 500 index.
Decline in Market Value and Share Status
S&P Dow Jones Indices stated that the changes aim to make the indices more representative in terms of companies' market values. According to S&P Global data, Nike's market value has dropped to $57 billion.
While Nike shares closed at $38.40 on September 4, the company's market value stood at approximately $57 billion. This figure points to a major decline from its peak of $281 billion in November 2021.
Financial Performance and Revenue Distribution
Nike's fiscal 2026 results, ending on May 31, revealed that the company exhibited a challenging outlook across different markets. Annual revenue remained flat at $46.4 billion, recording a 2 percent decline on a currency-neutral basis.
Meanwhile, the company's net income decreased by 3 percent down to $3.1 billion. CEO Elliott Hill stated that they took various structural steps in fiscal 2026 to return the company to long-term growth.
Other Changes in the Index
Along with Nike, Honeywell Aerospace, Simon Property Group, and Colgate-Palmolive will also be removed from the S&P 100 index. These companies will be replaced by Dell Technologies, Palo Alto Networks, Arista Networks, and Sandisk.
The S&P 100 index is tracked to measure the performance of 100 major American companies from various sectors included within the S&P 500.