Nike Set to Leave S&P 100 After Nearly 18-Year Run
Nike is set to leave the S&P 100 after nearly 18 years in the blue-chip index, marking another sign of the dramatic decline in the sportswear company’s market value since its 2021 peak. The removal was highlighted by Coin Bureau, which pointed to Nike's roughly 78% decline from its 2021 peak, alongside weak sales and intensifying competition.
The change is part of S&P Dow Jones Indices' quarterly rebalance, which will take effect before markets open on September 21, 2026. Despite this, Nike will remain a constituent of the broader S&P 500.
Nike's market value has fallen sharply, with shares closing at $38.40 on September 4, according to market reports, compared with a record closing price of $177.51 reached in November 2021. This represents a decline of roughly 78% and has sharply reduced the company’s market capitalization.