Nike's market value has plunged by more than $220 billion from its November 2021 peak, triggering its removal from the elite S&P 100 index on 21 September 2026, almost 18 years after it first joined.
Shares closed at $38.40 on 4 September, valuing the sportswear group at about $57 billion, roughly 80% below its former high of around $281 billion, as a slow recovery in sales and intensifying competition weigh on the brand.
