Nike Exits S&P 100 After 18 Years
Nike will be removed from the S&P 100 on September 21, 2026, but will remain in the S&P 500. Its shares have fallen 78% from their November 2021 peak, erasing $230 billion in market value. The company faces slowing sales, competition, and market challenges. Dell Technologies and SanDisk will join the S&P 100.
How this was made
The 30-second read
Why it matters
Index removal highlights ongoing performance challenges and may affect passive fund holdings.
Market read
The change affects index‑linked products and may cause short‑term price pressure on Nike.
What to watch
Nike remains in the S&P 500; core fundamentals unchanged.
Background
Nike has lost ~78% of its price since its 2021 peak, wiping out $230B market value.
Ticker impact
Nike will be removed from the S&P 100 effective Sep 21, 2026, after 18 years in the index.
Potential short‑term downside for NKE and index‑fund adjustments.
Index removal signals reduced market stature and may trigger fund rebalancing.
Market effects
Sportswear sector may see relative rotation as peers gain S&P 100 exposure.
U.S. equity indices could see minor adjustments in weightings.
Limited to investors tracking S&P 100 composition.
Counterpoint
Removal could be a buying opportunity if the market overreacts.
Key entities
- CompanyNike
Sportswear giant being removed from S&P 100.
- OrganizationS&P Dow Jones Indices
Provider of the S&P 100 index.
