What is the next Nikon camera in 2025?

Confirmed upcoming cameras: Nikon Z9II: most likely in 2026, maybe a development announcement in late 2025. Nikon Z5II: expected around May 2025. Nikon Z video camera: scheduled for late 2025.

Here is an updated list of “What to expect next from Nikon“:

Confirmed upcoming cameras:

Nikon Z9II: most likely in 2026, maybe a development announcement in late 2025
Nikon Z5II: expected around May 2025
Nikon Z video camera: scheduled for late 2025
Unconfirmed cameras:

Nikon Z8II: years away
Nikon Z7III: still a possibility, but not anytime soon
Nikon Z30II and Zfc replacement: maybe in 2026
Unconfirmed lenses:

More Nikkor Z cinema lenses (rumored for a while)
One new Nikkor DX lens could be announced this year
Nikkor Z 500mm f/2.8 S VR: maybe
Nikkor Z 85mm f/1.4: maybe (to match/complete the 35mm/50mm f/1.4 lenses)
Made-up upcoming camera models, a.k.a. clickbait rumors (I am sure I missed a few – there is a new one every week):

Nikon Z1: nope
Nikon Z4: nope
Nikon Z80: nope
Nikon Z90: nope
Nikon ZfR: nope
Nikon Zh: nope
Nikon ZL: nope
Nikon Zx: nope
Nikon Zxx: nope
Obviously, at some point we will get the following Nikon cameras, but not anytime soon:

Nikon Z8II: years away
Nikon Z7III: maybe one day, but not soon
Nikon Z30II: should come at some point, the the Z30 is almost 3 years old
Nikon Zx/Zxx is used to mark prototype Nikon cameras for testing, and it is not a real name for a new model. For example, this is a Z6 camera distributed for testing before the official announcement years ago: