Nike Has Exited the S&P 100 Index

The apparel giant departs the index after an eighteen-year tenure following a significant decline in share price.

Updated on Sept. 21, 2026 in Stock Markets

Isometric editorial illustration showing a heavy steel block being removed from a minimalist stone platform. — Nike has been removed from the S&P 100 index after eighteen years, following a sharp decline in share price and overall market valuation. AI Illustration. Upload story photo >

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Nike has been removed from the S&P 100 index, marking the end of its 18-year run as a component of the benchmark. This removal comes as the company's share price has fallen to US$35.51, down significantly from its 2021 peak of over US$170.

Why it matters

The S&P 100 tracks the top 100 companies in the United States and periodically removes businesses that are experiencing declining market valuations to reallocate capital toward emerging leaders. This exit highlights the stark downturn in Nike's valuation and market performance over recent years.

Nike held its position in the S&P 100 for 18 years before being removed from the list of 100 major U.S. companies. The current share price of US$35.51 represents a sharp decline from the 2021 high of over US$170 per share.

The players

Nike

Nike is a multinational corporation that designs, develops, and sells athletic footwear, apparel, equipment, and accessories.

S&P 100

The S&P 100 is a stock market index that tracks the performance of 100 of the largest, most stable companies in the United States.

The details

Index members are selected based on strict market capitalization and financial criteria, and the S&P 100 regularly rotates companies to ensure the index reflects the most valuable businesses in the United States. Nike's departure reflects its inability to maintain the market metrics required to remain in this exclusive group.

In 2021, Nike share prices reached a peak exceeding US$170.
On September 21, 2026, reports confirmed Nike had exited the S&P 100 index.

Market Landscape

The removal of long-term members from the S&P 100 is a standard process where the index tracks the shifting landscape of top-tier U.S. companies by reallocating capital to newer, stronger entities. This shift demonstrates the ongoing churn in market leaders as the index adjusts to prioritize businesses with current growth momentum.

The exit of a company from the S&P 100 can influence investor sentiment and potentially impact institutional holdings for those tracking the index. Average shareholders may see increased volatility as the stock adjusts to its new status outside of this major benchmark.

The takeaway

Maintaining long-term relevance in high-level market indices requires sustained financial performance that tracks with broader economic growth. Investors should be aware that index removal often triggers portfolio rebalancing among funds that mirror these benchmarks.