Nike is officially losing its place among America’s largest blue-chip companies.
S&P Dow Jones Indices announced that Nike will be removed from the S&P 100, effective before the market opens on September 21, 2026, as part of the index’s quarterly rebalance.
The move marks the end of Nike’s reported 18-year run in the S&P 100 and represents another major setback for one of the most recognizable brands in the world.
Nike’s stock has experienced a dramatic decline from its 2021 highs. Shares recently closed at $38.40, with the company’s market capitalization sitting around $57 billion. Depending on the starting point used, reports have placed Nike’s decline from its 2021 peak at roughly 75%–79%. (BigGo Finance)w
Nike Is Not Leaving the S&P 500
While the S&P 100 removal is significant, Nike is not being kicked out of the S&P 500.
The S&P 100 is a subset of the S&P 500 consisting of 100 major blue-chip companies. Nike will continue trading as a member of the broader S&P 500 after its S&P 100 removal.
That distinction is important. The change is primarily a reflection of Nike’s declining market capitalization relative to other major U.S. companies rather than an indication that the company is no longer a major publicly traded corporation.
Four Technology Companies Take Nike’s Spot
Nike is one of four companies being removed from the S&P 100 in the September rebalance.
The companies being added are:
- Dell Technologies (DELL)
- Palo Alto Networks (PANW)
- Arista Networks (ANET)
- SanDisk (SNDK)
Nike will exit alongside Honeywell Aerospace, Simon Property Group and Colgate-Palmolive.
The changes also highlight the continued shift toward technology companies among America’s largest publicly traded businesses.
Another Warning Sign for Nike
For Nike, the S&P 100 decision comes during a difficult period for the company.
The stock’s dramatic decline has erased more than $220 billion in market value from its 2021 peak, according to recent reports.
The company has also been working through challenges involving slowing sales, changing consumer preferences and competition across the athletic footwear and apparel industry.
For a brand that has spent decades establishing itself as the dominant name in sneakers, the S&P 100 removal serves as another reminder that Nike’s position at the top of the industry can no longer be taken for granted.
Nike remains one of the biggest names in sports, but Wall Street’s latest move shows just how much the company’s financial standing has changed since its stock reached historic highs.
What Happens Next?
Nike’s removal from the S&P 100 doesn’t fundamentally change how the company operates, and investors should not interpret the move as Nike leaving the S&P 500.
However, the symbolism is difficult to ignore.
After years of being considered one of America’s premier blue-chip companies, Nike is now being replaced in the S&P 100 by several rapidly growing technology companies.
Do you think Nike can turn things around, or is this the beginning of a much bigger problem for the Swoosh?
