Oracle Corporation ORCL

SEC filings · Reporting currency USD · Quarterly reporting · Figures as of 2026-Q4 · updated 2026-09-04 · ISIN US68389X1054

Guidance raised Cash flow inflection strategy: Strategic pivot

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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

Oracle Corporation develops and markets enterprise software, cloud infrastructure, and hardware systems for large and mid-sized organizations across industries including financial services, healthcare, retail, and government. Revenue is generated through three primary segments: cloud and software (the dominant and fastest-growing stream, comprising subscriptions to cloud applications and infrastructure-as-a-service as well as on-premises software licenses and support), hardware (including Oracle Exadata engineered systems and related support), and services (consulting, advanced customer support, and education). The company's cloud portfolio spans infrastructure-as-a-service via Oracle Cloud Infrastructure, software-as-a-service applications including ERP, HCM, and supply chain management, and healthcare information technology through the Cerner platform, which carries healthcare-specific regulatory obligations. Oracle's economics are characterized by a large installed base of enterprise customers under long-term contracts, an accelerating shift toward recurring cloud subscription revenue, and a capital-intensive expansion phase as the company constructs global data center capacity to serve large-scale cloud and AI workloads. In fiscal 2026, cloud revenues reached 51% of total revenues, with cloud infrastructure representing 53% of total cloud revenues and acting as the primary growth driver; remaining performance obligations stood at $638 billion as of fiscal year-end, reflecting substantial forward revenue commitment from multi-year cloud contracts signed during the period.

Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Oracle reported Q4 FY2026 revenue of $19,184 million and adjusted EPS of $2.11 (¹²⁷). For fiscal 2026, total revenues increased $10.0 billion, with $9.3 billion attributable to cloud and software revenue growth as customers accelerated adoption of Oracle's cloud offerings (²⁸). Remaining performance obligations expanded from $138 billion to $638 billion during fiscal 2026, primarily from significant multi-year cloud contracts entered in the period (²⁸). Free cash flow was -$1,873 million in Q4 as operating cash flow of $14,620 million was exceeded by capital expenditures of $16,493 million directed at data center expansion (¹²⁷).

Management commentary on the 2026-Q2 results (8-K-EX99.1, 2025-12-10):

„Oracle is very good at building and running high-performance and cost-efficient cloud datacenters. For years Oracle has been investing in AI and building autonomous cloud software. Oracle's Autonomous Database and Autonomous Linux have been key to reducing human labor and human error in our datacenters. Because our datacenters are highly automated, we can build and run more of them. Oracle has over 211 live and planned regions worldwide–more than any of our cloud competitors. We are more than halfway through building 72 Oracle Multicloud datacenters to be embedded throughout the Amazon, Google and Microsoft clouds. We are committed to Cloud Neutrality because we believe that our customers should be able to run their Oracle databases in any cloud they choose. That strategy is definitely paying off. Our Multicloud database business is our fastest growing business–up 817% in Q2.“ – Clay Magouyrk, Oracle CEO ²³ (translation – original on hover)

„AI Training and selling AI Models are very big businesses. But we think there is an even larger opportunity–embedding AI in a variety of different products. Oracle is in a unique position to embed AI in all three layers of our software products: our Cloud Datacenter software, our Autonomous Database and Analytic software, and our Applications software. All three of these Oracle software businesses are already big–AI will make them all better and bigger. AI allows us to automate complex multistep processes that were impossible to automate before AI. AI is enabling us to automate loan origination and risk quantification for banks and their customers. AI is enabling us to help doctors diagnose and care for their patients and manage the reimbursement process between healthcare providers and payers. All of the top five AI Models are in the Oracle Cloud. We have huge advantages over our applications competitors.“ – Mike Sicilia, Oracle CEO ²³ (translation – original on hover)

Revenue · 2026-Q419,184$m+20.6 % vs. 2025-Q4

Net profit · 2026-Q44,304$m+25.6 % vs. 2025-Q4

EPS · 2026-Q41.47$+22.5 % vs. 2025-Q4

Revenue trend

Guidance

For FY2030, the company guides Cloud Infrastructure Revenue to $144 billion (initiated). ²¹.

Profitability

Q4 FY2026 operating income was $6,133 million and adjusted operating income $8,590 million, with net income of $4,304 million and diluted EPS of $1.47 (¹²⁷). Total operating margin for fiscal 2026 reached $20.6 billion while the operating margin percentage remained flat at 31% (²⁸). Non-operating income in fiscal 2026 included a $2.7 billion gain from Oracle's sale of its investment in Ampere Computing Holdings LLC, while the income tax provision rose $750 million partly due to the U.S. One Big Beautiful Bill Act enactment (²⁸).

Leverage

Cash stood at $31,289 million against net debt of $98,252 million at the close of Q4 FY2026 (¹²⁷). During fiscal 2026, Oracle issued $43.0 billion of senior notes across multiple maturities, driving a $1.0 billion year-over-year increase in interest expense, and raised an additional $5.0 billion via 100 million depositary shares of 6.50% Series D Mandatory Convertible Preferred Stock (²⁸). The revolving credit facility was expanded to $10.0 billion in March 2026 with no outstanding borrowings as of May 31, 2026, and the commercial paper program was similarly enlarged to $10.0 billion with $1.5 billion outstanding (²⁸).

Recurring

Cloud revenues represented 51% of total revenues in fiscal 2026, up from 43% in fiscal 2025 and 37% in fiscal 2024, with cloud infrastructure accounting for 53% of total cloud revenues compared to 42% in fiscal 2025 (²⁸). Cloud infrastructure and cloud applications contributed 84% and 16%, respectively, to total cloud revenue growth in fiscal 2026, making infrastructure the dominant expansion driver (²⁸). Customers migrating from annual on-premises software support contracts to Oracle Cloud contributed $5.4 billion to annualized cloud revenue growth over the past three fiscal years (²⁸).

Management view

Clayton Magouyrk and Michael Sicilia assumed Chief Executive Officer roles in September 2025, and Hilary Maxson became Chief Financial Officer in April 2026, completing a senior leadership transition (²⁸). Research and development investment rose to $10.3 billion in fiscal 2026 from $9.9 billion in fiscal 2025 and $8.9 billion in fiscal 2024, with the incremental spend driven primarily by employee-related and computer equipment costs (²⁸). Oracle established an at-the-market equity offering program of up to $20.0 billion in February 2026, with no shares sold as of May 31, 2026, providing additional capital deployment optionality (²⁸).

Change

Restructuring and other expenses increased to $1.8 billion in fiscal 2026, a rise of approximately $1.5 billion from the prior year, primarily reflecting the 2026 Restructuring Plan (²⁸). Cloud and software segment expenses grew $5.8 billion, driven by a $5.7 billion increase in infrastructure costs to support capacity expansion and cloud growth (²⁸). Amortization of intangible assets declined $636 million in fiscal 2026 as certain assets reached full amortization (²⁸).

Risks (current)

Oracle identifies the risk that AI products may not perform as anticipated or satisfy customer requirements as a primary company-specific concern (²⁸). Data center operations face constraints on energy and power availability, and the company depends on single-source suppliers for critical hardware components, creating supply chain concentration risk (²⁸). Trade restrictions, tariffs, export controls, and healthcare regulatory complexity arising from the Cerner acquisition, combined with volatility in government procurement contracts and competition for skilled AI and technical employees, represent additional operational and regulatory risk dimensions (²⁸).

New this reporting period

Oracle disclosed several new cloud and infrastructure product offerings in fiscal 2026, including Oracle Autonomous AI Database, OCI Sovereign Cloud, Oracle Alloy, Oracle Compute Cloud@Customer, and Oracle Roving Edge Infrastructure, targeting AI workloads, sovereign data environments, and edge deployments (²⁸). The Cerner Corporation acquisition, previously completed, continues to underpin Oracle's healthcare information technology segment as reflected in fiscal 2026 disclosures (²⁸).

Price & Chart#

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Cloud infrastructure and services expansion (OCI)
Cloud revenue reached 33,989 in FY2026, up 39% year-on-year, the fastest-growing reported line and the anchor of Oracle's revenue mix shift; the broader 'Cloud and software' grouping grew 19% to 58,530 (²⁷, ²⁸).

Oracle Cloud Infrastructure (OCI) capacity build-out
Ongoing data-center geographic expansion and 37 additional datacenters for hyperscaler partners, reflected in capex rising to 16,493 in 2026-Q4 (from 9,080 in 2025-Q4) and negative free cash flow of -1,873 (¹⁸, ²¹, ¹²⁷).

Cloud services demand / large AI infrastructure contracts
Stargate contract signing, a Meta agreement for Oracle AI Cloud Infrastructure and AI Agents, and second-generation cloud infrastructure development signal customer traction (¹⁷, ¹⁵, ²⁶).

Multicloud database availability
Oracle Multicloud AI Database and Multicloud datacenters embedded in Amazon, Google and Microsoft clouds, plus Oracle database availability in Google Cloud, extend distribution (²⁷, ²³, ¹¹).

Oracle Health (Cerner-based) applications
Cerner acquisition integration continues with Oracle Health AI patient-care management, an AI clinical-trial system, and migration of Cerner customers to Gen2 Cloud Infrastructure (²⁸, ²⁷, ⁹).

Legacy Software / on-premise license
Software line grew 1% in FY2026 to 24,541, and the former Cloud License and On-Premise License line grew 2% in FY2025, indicating a maturing base versus fast-growing cloud (²⁷, ¹⁹).

Reported profitability trend
Adjusted operating income rose to 8,590 in 2026-Q4 from 7,035 in 2025-Q4, with revenue up to 19,184 from 15,903; change flags mark growth accelerating and profitability positive (¹²⁷).

Rising leverage from capex financing
Net debt increased to 98,252 in 2026-Q4 from 81,782 in 2025-Q4, alongside Senior Notes issuances, as heavy infrastructure investment outpaces operating cash flow (¹²⁷, ¹⁶, ⁴).

Sector trend: Enterprise cloud KPIs point toward accelerating demand, with Cloud revenue growth at 39% and total cloud-and-software up 19%, driving elevated data-center capital intensity that is depressing free cash flow while cloud gross margin remains near 59-63% (²⁷, ²⁸, ²⁰).

Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Overview: one dot per event · click jumps to the period

2026 · 14 events

FY2026 · Jun 2025 – May 2026

Segment divergence 2026-06-22
Cloud and software revenue grew +18.9% to 58,530.0 USDm in FY2026 (46% of group revenue) while group revenue changed -19.2%. ²⁸

2026-Q4 · Mar – May 2026

revenue 2026-06-10
Record Q4 cloud revenue $9.9B +47%; IaaS +93% to $5.8B; record FY2026 total revenues $67.4B +17% and cloud revenues $34.0B +39% ²⁷

Guidance raised 2026-06-10
FY2027 total revenue confirmed at $90B; non-GAAP EPS guidance raised to $8.05 representing 18% growth; Q1 FY2027 total revenue expected to grow 27%-29% in USD ²⁷

Strategic pivot 2026-06-10
Remaining performance obligations grew $85B in Q4 to $638B total, with $75B from large-scale AI contracts; Oracle Multicloud AI Database grew 404%, described as the company's fastest growing business ever ²⁷

Cash flow inflection 2026-06-10
Operating cash flow reached 14,620.0 USDm vs 6,157.0 USDm in 2025-Q4 (×2.4). ¹²⁷

2026-Q3 · Dec 2025 – Feb 2026

Revenue accelerating 2026-03-10
Total revenue +22% to $17.2B; cloud revenue +44% to $8.9B; IaaS +84% to $4.9B; Multicloud Database revenue +531% ²⁵

Guidance raised 2026-03-10
FY2027 total revenue guidance raised to $90B; FY2026 total revenue guidance maintained at $67B and capex at $50B ²⁵

Strategic pivot 2026-03-10
Remaining performance obligations reached $553B, up 325% YoY, primarily driven by large-scale AI contracts; $43.0B senior notes and $5.0B mandatory convertible preferred stock issued in nine months 2026 to fund data center expansion ²⁵ ²⁶

2026-Q2 · Sep – Nov 2025

earnings 2025-12-10
GAAP EPS +91% to $2.10, materially reflecting the $2.7B Ampere divestiture gain; non-GAAP EPS +54% to $2.26 on an operational basis ²³

Revenue accelerating 2025-12-10
Total revenue +14% to $16.1B; cloud revenue +34% to $8.0B with IaaS +68% to $4.1B; cloud infrastructure contributed 81% of cloud revenue growth ²³ ²⁴

Divestiture 2025-12-10
Oracle's approximately 29% stake in Ampere Computing Holdings LLC divested via SoftBank acquisition, generating $2.7B pre-tax gain and $4.3B cash proceeds in H1 FY2026 ²³ ²⁴

2026-Q1 · Jun – Aug 2025

„We signed four multi-billion-dollar contracts with three different customers in Q1. This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter–and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars. The scale of our recent RPO growth enables us to make a large upward revision to the Cloud Infrastructure portion of Oracle's overall financial plan which we will be presenting in detail next month at the Financial Analyst Meeting. As a bit of a preview, we expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year–and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years. Most of the revenue in this 5-year forecast is already booked in our reported RPO. Oracle is off to a brilliant start to FY26.“ – Safra Catz, Chief Executive Officer ²¹ (translation – original on hover)

Margin compressing 2025-09-10
GAAP operating margin declined to 29% from 30% as cloud and software infrastructure expenses increased $929M and restructuring expenses rose to $402M from $73M under the 2026 Restructuring Plan ²²

Revenue accelerating 2025-09-09
Total revenue +12% to $14.9B; cloud revenue +28% to $7.2B with IaaS +55% to $3.3B and cloud applications +11% to $3.8B ²¹

Strategic pivot 2025-09-09
Remaining performance obligations surged 359% YoY to $455.3B, primarily attributable to significant new cloud contracts entered during the period ²¹ ²²

2025 · 13 events

2025-Q4 · Mar – May 2025

„FY25 was a very good year–but we believe FY26 will be even better as our revenue growth rates will be dramatically higher. We expect our total cloud growth rate–applications plus infrastructure–will increase from 24% in FY25 to over 40% in FY26. Cloud Infrastructure growth rate is expected to increase from 50% in FY25 to over 70% in FY26. And RPO is likely to grow more than 100% in FY26. Oracle is well on its way to being not only the world's largest cloud application company–but also one of the world's largest cloud infrastructure companies.“ – Safra Catz, Chief Executive Officer ¹⁹ (translation – original on hover)

Free cash flow turned negative 2025-06-18
FY2025 capital expenditures +209% to $21.2B to expand cloud data center capacity, resulting in full-year free cash flow of negative $(394)M vs. positive $11.8B in FY2024 (²⁰)

Revenue accelerating 2025-06-11
Q4 total revenue +11% to $15.9B; cloud infrastructure (IaaS) +52% to $3.0B; total cloud (IaaS + SaaS) +27% to $6.7B; Remaining Performance Obligations +41% to $138B (¹⁹)

Guidance initiated 2025-06-11
Management expects FY2026 total cloud growth to exceed 40% (vs. 24% in FY2025), cloud infrastructure growth to exceed 70%, and Remaining Performance Obligations to grow more than 100% (¹⁹)

2025-Q3 · Dec 2024 – Feb 2025

„Oracle signed sales contracts for more than $48 billion in Q3. This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion. We have now signed cloud agreements with several world leading technology companies including: OpenAI, xAI, Meta, NVIDIA and AMD. We expect that our huge $130 billion sales backlog will help drive a 15% increase in Oracle's overall revenue in our next fiscal year beginning this June. And we expect RPO to continue to grow rapidly–as we look forward to signing our first Stargate contract–yet another big opportunity for Oracle to expand both its AI training and AI inferencing businesses in the near future.“ – Safra Catz, Chief Executive Officer ¹⁷ (translation – original on hover)

„we expect that our total cloud and license revenues generally will continue to increase due to expected growth in our cloud services offerings and continued demand for our cloud license and on-premise license and license support offerings“ – Oracle Management ¹⁸

revenue 2025-03-10
Q3 cloud infrastructure (IaaS) +49% to $2.7B; total cloud (IaaS + SaaS) +23% to $6.2B; Remaining Performance Obligations +62% to $130B (¹⁷)

Guidance initiated 2025-03-10
Management expects approximately 15% increase in Oracle's overall revenue in FY2026 beginning June 2025 (¹⁷)

New market 2025-03-10
Signed cloud agreements with OpenAI, xAI, Meta, NVIDIA, and AMD; GPU consumption for AI training +244% in the prior 12 months; on schedule to double data center capacity in calendar 2025 (¹⁷)

2025-Q2 · Sep – Nov 2024

„Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors. Growth in the AI segment of our Infrastructure business was extraordinary–GPU consumption was up 336% in the quarter–and we delivered the world's largest and fastest AI SuperComputer scaling up to 65,000 NVIDIA H200 GPUs. With our remaining performance obligation (RPO) up 50% to $97 billion, we believe our already impressive growth rates will continue to climb even higher. This fiscal year, total Oracle Cloud revenue should top $25 billion.“ – Safra Catz, CEO ¹⁵ (translation – original on hover)

Revenue accelerating 2024-12-09
Q2 total revenue +9% to $14.1B; cloud infrastructure (IaaS) +52% to $2.4B; total cloud (IaaS + SaaS) +24% to $5.9B (¹⁵)

Guidance initiated 2024-12-09
Management projects total Oracle Cloud revenue to exceed $25 billion in FY2025 (¹⁵)

New market 2024-12-09
Signed agreement with Meta for Oracle AI Cloud Infrastructure and AI Agents collaboration; GPU consumption in Oracle Cloud Infrastructure AI segment +336% year-over-year (¹⁵)

Cash flow inflection 2024-12-09
Operating cash flow reached 1,304.0 USDm vs 143.0 USDm in 2024-Q2 (×9.1). ¹²³

2025-Q1 · Jun – Aug 2024

„As Cloud Services became Oracle's largest business, both our operating income and earnings per share growth accelerated. Non-GAAP operating income was up 14% in constant currency to $5.7 billion, and non-GAAP EPS was up 18% in constant currency to $1.39 in Q1. RPO was up 53% from last year to a record $99 billion. That strong contract backlog will increase revenue growth throughout FY25. But the biggest news of all was signing a MultiCloud agreement with AWS–including our latest technology Exadata hardware and Version 23ai of our database software–embedded into AWS cloud datacenters. AWS customers will get easy and convenient access to the Oracle database when we go live in December later this year.“ – Safra Catz, CEO ¹³ (translation – original on hover)

revenue 2024-09-09
Q1 total revenue +7% to $13.3B; cloud revenue (IaaS + SaaS) +21% to $5.6B; Remaining Performance Obligations +53% to a record $99B (¹³)

Margin expanding 2024-09-09
Q1 GAAP operating margin expanded to 30% from 26% in the prior-year period; non-GAAP operating margin 43% (¹³)

New market 2024-09-09
Signed MultiCloud agreement with AWS to embed Oracle Database and Exadata hardware in AWS datacenters, with availability expected December 2024 (¹³)

2024 · 15 events

2024-Q4 · Mar – May 2024

„In Q3 and Q4, Oracle signed the largest sales contracts in our history–driven by enormous demand for training AI large language models in the Oracle Cloud. These record level sales drove RPO up 44% to $98 billion. Throughout fiscal year 2025, I expect continued strong AI demand to push Oracle sales and RPO even higher–and result in double-digit revenue growth this fiscal year. I also expect that each successive quarter should grow faster than the previous quarter–as OCI capacity begins to catch up with demand. In Q4 alone, Oracle signed over 30 AI sales contracts totaling more than $12.5 billion–including one with Open AI to train ChatGPT in the Oracle Cloud.“ – Safra Catz, CEO ¹¹ (translation – original on hover)

revenue 2024-06-11
Q4 total revenue grew 3% to $14.3B; Cloud Infrastructure (IaaS) growth moderated to 42% from 49% in Q3 ¹¹

New market 2024-06-11
Oracle signed 30+ AI contracts in Q4 totaling more than $12.5B, including OpenAI for ChatGPT training; Total Remaining Performance Obligations grew 44% to $98B driven by record AI sales ¹¹

New market 2024-06-11
Oracle signed agreement with Google to interconnect clouds and build 12 OCI datacenters inside Google Cloud, with 11 of 23 planned Azure-colocated datacenters already live ¹¹

2024-Q3 · Dec 2023 – Feb 2024

„Large new cloud infrastructure contracts signed in Q3 drove Oracle's total Remaining Performance Obligations up 29% to over $80 billion–an all-time record. We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply–despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly. We expect that 43% of our current $80 billion of Remaining Performance Obligations will be recognized as revenue over the next four quarters, and that our Gen2 Cloud Infrastructure business will remain in a hypergrowth phase–up 53% in Q3–for the foreseeable future.“ – Safra Catz, Chief Executive Officer ⁹ (translation – original on hover)

Revenue accelerating 2024-03-11
Total revenue re-accelerated to 7% growth in Q3 to $13.3B, with Cloud Infrastructure (IaaS) revenue up 49% to $1.8B ⁹

Strategic pivot 2024-03-11
Total Remaining Performance Obligations rose 29% to $80 billion; cloud services represented 38% of total revenues, up from 33% in Q3 fiscal 2023 ⁹, ¹⁰

Strategic pivot 2024-03-11
Oracle completed migration of majority of Cerner customers to Gen2 Cloud Infrastructure ⁹

2024-Q2 · Sep – Nov 2023

„Demand for our Cloud Infrastructure and Generative AI services is increasing at an astronomical rate. As a measure of that demand, Oracle's total Remaining Performance Obligations (RPO) climbed to over $65 billion–exceeding annual revenue. Our cloud businesses are now at nearly a $20 billion-dollar annual revenue run rate, and cloud services demand continues to grow at unprecedented levels. Business is good and getting better.“ – Safra Catz, Chief Executive Officer ⁷ (translation – original on hover)

revenue 2023-12-11
Total revenue growth slowed to 5% in Q2 from 9% in Q1; cloud revenue growth moderated to 25% from 30%, and IaaS growth to 52% from 66% ⁷

New market 2023-12-11
Oracle began deploying 20 OCI datacenters colocated with Microsoft Azure and announced plans to build 100 new cloud datacenters globally ⁷

Strategic pivot 2023-12-11
Total Remaining Performance Obligations climbed to over $65 billion, exceeding Oracle's annual revenue run rate ⁷

2024-Q1 · Jun – Aug 2023

„Oracle Cloud Infrastructure revenue grew 66% in Q1, much faster than our hyperscale cloud infrastructure competitors. Total cloud services revenue, Infrastructure plus Applications, grew 30% to $4.6 billion in the quarter. Oracle Cloud Services plus License Support revenue now accounts for 77% of Oracle's total revenue. This highly-predictable, highly-profitable recurring revenue stream–combined with continued expense discipline–drove 16% growth in non-GAAP earnings per share, 21% growth in free cash flow, and $7.0 billion in operating cash flow in the Q1.“ – Safra Catz, Chief Executive Officer ⁵ (translation – original on hover)

Margin expanding 2023-09-12
Q1 GAAP operating margin expanded to 26% from 23% year-over-year, driven by revenue growth and fixed cost leverage ⁶

revenue 2023-09-11
Cloud revenue (IaaS + SaaS) rose 30% to $4.6B in Q1, with Cloud Infrastructure (IaaS) up 66% to $1.5B year-over-year ⁵

New market 2023-09-11
AI development companies signed contracts for more than $4B of capacity in Oracle's Gen2 Cloud ⁵

revenue 2023-06-20
Total revenues increased 18% to $49.954 billion; cloud and license business cloud services revenues grew 47% to $15.881 billion; Services business revenues surged 75%, primarily driven by Cerner acquisition ⁴

Net cash to net debt 2023-06-20
Outstanding indebtedness $90.5 billion as of May 31, 2023; $12.3 billion of senior notes issued in first nine months to finance Cerner acquisition, with net debt reaching $80.716 billion ⁴

Strategic pivot 2023-06-20
Cloud services revenues reached 32% of total revenues in fiscal 2023, up from 25% in fiscal 2022 and 22% in fiscal 2021; R&D investments increased to $8.6 billion from $7.2 billion in fiscal 2022 ⁴

Key Figures ($m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Basis Metric

Revenue ($m) · annual basis, as reported

Net income ($m) · annual basis, as reported

EPS ($) · annual basis, as reported

Operating cash flow ($m) · annual basis, as reported

Revenue ($m) · quarterly basis, as reported

Net income ($m) · quarterly basis, as reported

EPS ($) · quarterly basis, as reported

Operating cash flow ($m) · quarterly basis, as reported

Cash ($m) · annual basis, as reported

Debt ($m) · annual basis, as reported

Net Debt ($m) · annual basis, as reported

Capex ($m) · annual basis, as reported

FCF ($m) · annual basis, as reported

D&A ($m) · annual basis, as reported

Cash ($m) · quarterly basis, as reported

Capex ($m) · quarterly basis, as reported

FCF ($m) · quarterly basis, as reported

D&A ($m) · quarterly basis, as reported

Shown: the most recent fiscal years. Full history since FY2016 is on record.

Fiscal years

Amounts in $m · EPS in $ per share · as reported

Period	Calendar quarter	Revenue	Op. income	Op. income (adj.)	Net income	EPS ($)	EPS adj. ($)	EBITDA (adj.)	OCF	Source
FY2026	Q2/2025–Q2/2026	67,357	20,606	28,925	17,087	5.83	7.63	31,977	31,977	²⁸
FY2025	Q2/2024–Q2/2025	57,399	17,678	25,034	12,443	4.34	6.03	20,821	20,821	²⁰
FY2024	Q2/2023–Q2/2024	52,961	15,353	23,054	10,467	3.71	5.56	–	18,673	¹²

Quarters

Amounts in $m · EPS in $ per share · Net Debt/EBITDA as a multiple · as reported

Period	Calendar quarter	Published	Revenue	Op. income	Op. income (adj.)	Net income	EPS ($)	EPS adj. ($)	EBITDA (adj.)	FCF	Cash	Net Debt	Net Debt/EBITDA (x)	Source
2026-Q4*	Q1–Q2/2026	2026-06-10	19,184	6,133	8,590	4,304	1.47*	2.11	–	-1,873	31,289	98,252	3.3x (LTM)^~	¹²⁷
2026-Q3*	Q4/2025–Q1/2026	2026-03-10	17,190	5,464	7,378	3,721	1.27	1.79	7,378	-11,484	38,455	–	–	¹²⁵
2026-Q2*	Q3–Q4/2025	2025-12-10	16,058	4,731	6,721	6,135	2.10	2.26	–	-9,967	19,241	–	–	¹²³
2026-Q1*	Q2–Q3/2025	2025-09-09	14,926	4,277	6,236	2,927	1.01	1.47	–	-362	10,445	–	–	¹²¹
2025-Q4*	Q1–Q2/2025	2025-06-11	15,903	5,109	7,035	3,427	1.20*	1.70	–	-2,923	10,786	81,782	3.4x (LTM)^~	¹⁹
2025-Q3*	Q4/2024–Q1/2025	2025-03-10	14,130	4,358	6,195	2,936	1.02	1.47	6,195	71	17,406	–	–	¹⁷
2025-Q2*	Q3–Q4/2024	2024-12-09	14,059	4,220	6,096	3,151	1.10	1.47	–	-2,666	10,941	–	–	¹⁵
2025-Q1*	Q2–Q3/2024	2024-09-09	13,307	3,991	5,708	2,929	1.03	1.39	–	5,124	10,616	–	–	¹³
2025-Q1*	Q2–Q3/2024	2023-12-11	13,307	3,991	5,708	2,929	1.03	1.39	–	5,124	10,616	–	–	⁷
2024-Q4*	Q1–Q2/2024	2024-06-11	14,287	4,686	6,669	3,143	1.11*	1.63	–	3,283	10,454	76,415	3.6x (LTM)	¹¹
2024-Q3*	Q4/2023–Q1/2024	2024-03-11	13,280	3,750	5,792	2,401	0.85	1.41	–	3,801	9,481	–	–	⁹
2024-Q2*	Q3–Q4/2023	2023-12-11	12,941	3,622	5,536	2,503	0.89	1.34	5,536	-937	8,244	–	–	⁷
2024-Q1*	Q2–Q3/2023	2023-09-11	12,453	3,296	5,057	2,420	0.86	1.19	–	5,660	11,613	72,829	3.7x (LTM)	⁵

* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.

Balance Sheet & Cash Flow ($m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Amounts in $m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
FY2026	Q2/2025–Q2/2026	2026-06-10	31,289	129,541	98,252	9,294	31,977	55,663	-23,686	²⁷
FY2025	Q2/2024–Q2/2025	2025-06-11	10,786	92,568	81,782	6,174	20,821	21,215	-394	¹⁹
FY2024	Q2/2023–Q2/2024	2024-06-11	10,454	86,869	76,415	6,139	18,673	6,866	11,807	¹¹

Quarters

Amounts in $m · as reported

Period	Calendar quarter	Published	Cash	Debt	Net Debt	D&A	OCF	Capex	FCF	Source
2026-Q4	Q1–Q2/2026	2026-06-10	31,289	129,541	98,252	2,847	14,620	16,493	-1,873	¹²⁷
2026-Q3	Q4/2025–Q1/2026	2026-03-10	38,455	–	–	2,566	7,151	18,635	-11,484	¹²⁵
2026-Q2	Q3–Q4/2025	2025-12-10	19,241	–	–	2,110	2,066	12,033	-9,967	¹²³
2026-Q1	Q2–Q3/2025	2025-09-09	10,445	–	–	1,771	8,140	8,502	-362	¹²¹
2025-Q4	Q1–Q2/2025	2025-06-11	10,786	92,568	81,782	1,696	6,157	9,080	-2,923	¹⁹
2025-Q3	Q4/2024–Q1/2025	2025-03-10	17,406	–	–	1,551	5,933	5,862	71	¹⁷
2025-Q2	Q3–Q4/2024	2024-12-09	10,941	–	–	1,499	1,304	3,970	-2,666	¹⁵
2025-Q1	Q2–Q3/2024	2024-09-09	10,616	–	–	1,428	7,427	2,303	5,124	¹³
2024-Q4	Q1–Q2/2024	2024-06-11	10,454	86,869	76,415	1,554	6,081	2,798	3,283	¹¹
2024-Q3	Q4/2023–Q1/2024	2024-03-11	9,481	–	–	1,557	5,475	1,674	3,801	⁹
2024-Q2	Q3–Q4/2023	2023-12-11	8,244	–	–	1,553	143	1,080	-937	⁷
2024-Q1	Q2–Q3/2023	2023-09-11	11,613	84,442	72,829	1,475	6,974	1,314	5,660	⁵

Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Revenue by Type (as of 2026-Q4 · USDm · 8/14)#

Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.

Segment	Since	Period	Basis	Revenue	Growth	Margin	Source
Cloud	2026-Q1	FY2026	12M?	33,989	39%	–	²⁷
Software	2026-Q1	FY2026	12M?	24,541	1%	–	²⁷
Cloud and Software	FY2025	FY2026	12M	58,530	19%	59%	²⁸
Cloud Services and License Support	2023-Q3	FY2025	12M?	44,029	12%	–	¹⁹
Cloud License and On-Premise License	2023-Q3	FY2025	12M?	5,201	2%	–	¹⁹
Cloud and License	FY2022	FY2025	12M	49,230	11%	63%	²⁰
Services	FY2022	FY2026	12M?	5,743	10%	27%	²⁸
Hardware	FY2022	FY2026	12M?	3,084	5%	65%	²⁸
Services Business - Americas	FY2023	FY2023	12M	3,703	143%	–	⁴
Hardware Business - Americas	FY2023	FY2023	12M	1,702	10%	–	⁴
Services Business - EMEA	FY2023	FY2023	12M	1,246	28%	–	⁴
Hardware Business - EMEA	FY2023	FY2023	12M	933	3%	–	⁴
Services Business - Asia Pacific	FY2023	FY2023	12M	645	12%	–	⁴
Hardware Business - Asia Pacific	FY2023	FY2023	12M	639	3%	–	⁴

Products & M&A (15/26 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.

Product/Line	Since	Status	Source
Oracle Health AI patient care management system based on Cerner	2026-12	Launched	²⁷
Oracle AI clinical trial system	2026-12	Launched	²⁷
Oracle Cloud Database (IaaS)	2026-09	Launched	²⁵
Fusion Cloud ERP (SaaS) (2×)	2026-09	Launched	²⁵
AI Code Generation technology	2026-09	Launched	²⁵
Oracle Multicloud datacenters embedded in Amazon, Google and Microsoft clouds	2026-06	Launched	²³
37 additional datacenters for Hyperscaler partners	2026-03	Launched	²¹
Oracle Roving Edge Infrastructure	2026	Launched	²⁸
Oracle Compute Cloud@Customer	2026	Launched	²⁸
Oracle Alloy	2026	Launched	²⁸
OCI Sovereign Cloud	2026	Launched	²⁸
Multicloud Database (6x)	2025-12	Launched	²⁸
Stargate contract signing	2025-09	Launched	¹⁷
Oracle AI Data Platform	2025-03	Launched	¹⁷
Data center capacity doubling	2025	Launched	¹⁷
Oracle database availability in Google Cloud (2×)	2024-12	Launched	¹¹
OCI datacenters inside Azure	2024-12	Launched	¹¹
Ambulatory Clinic Cloud Application Suite with Clinical Digital Assistant	2024-12	Launched	⁹
Oracle Cloud data center expansion (4x)	2024-06	Launched	¹⁸
Oracle Cloud Services expansion (7×)	2023-12	Launched	²⁶
Microsoft Azure integration via collocated datacenters	2023-12	Launched	⁷
Gen2 Cloud for Generative AI workloads	2023-12	Launched	³
Oracle Exadata strategic hardware product growth	2023-09	Launched	²
Oracle Exadata Cloud@Customer deployments	2023	Launched	⁴

▸ More products & M&A (older) (+9)

M&A (11)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions · 7Divestitures/exits · 3older: 1 (in the table)

Acquisitions

Transaction / stake	Date	Type	Source
Meta agreement for Oracle AI Cloud Infrastructure and AI Agents development	2025-06	Announced	¹⁵
Ampere Computing Acquisition by SoftBank	2025-03	Completed	²²
OpenAI ChatGPT training in Oracle Cloud	2024-12	Completed	¹¹
Senior Notes Issuance (2x)	2024-09	Completed	⁴
MultiCloud agreement with AWS	2024-09	Announced	¹³
Migration of Cerner customers to Gen2 Cloud Infrastructure	2024-09	Completed	⁹
Ampere Convertible Debt Investment (3x)	2024	Completed	¹⁸
Cerner acquisition	2022-06	Completed	²⁸

Divestitures / exits

Transaction / stake	Date	Type	Source
Sale of Bloom Energy warrants	2026-12	Divested	²⁷
Sale of Ampere chip business	2026-12	Divested	²⁷
Ampere Computing investment sale	2026-02	Divested	²⁶

Reported KPIs (as disclosed) (195)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.

Date	Period	KPI	Value / change	Source
2026-06-22	FY2026	Working Capital	4,803 (USD in millions)	²⁸
2026-06-22	FY2026	Services as Percent of Total Revenues Fiscal 2026	8%	²⁸
2026-06-22	FY2026	Remaining Performance Obligations	638 billion	²⁸
2026-06-22	FY2026	Outstanding Indebtedness	$129.5 billion	²⁸
2026-06-22	FY2026	Net Cash Used for Investing Activities	(51,854)	²⁸
2026-06-22	FY2026	Net Cash Provided by Financing Activities	40,284 (USD in millions)	²⁸
2026-06-22	FY2026	Hardware as percent of total revenues	5%	²⁸
2026-06-22	FY2026	Cloud revenues as percent of total revenues	51%	²⁸
2026-06-22	FY2026	Cloud and software as percent of total revenues fiscal 2026	87%	²⁸
2026-06-22	FY2026	Cash, cash equivalents and marketable securities	31,894 (USD in millions)	²⁸
2026-06-10	2026-Q4	Remaining Performance Obligations growth	$85 billion sequentially from Q3 to Q4	²⁷
2026-06-10	2026-Q4	Remaining Performance Obligations	$638 billion	²⁷
2026-06-10	2026-Q4	Operating Cash Flow	$31,977	²⁷
2026-06-10	2026-Q4	Cloud Infrastructure IaaS Revenue Q4	$5.8 billion	²⁷
2026-06-10	2026-Q4	Cloud Infrastructure IaaS Revenue FY2026	$18.1 billion	²⁷
2026-06-10	2026-Q4	Cloud Applications SaaS Revenue Q4	$4.1 billion	²⁷
2026-06-10	2026-Q4	Cloud Applications SaaS Revenue FY2026	$15.9 billion	²⁷
2026-03-11	2026-Q3	Remaining Performance Obligations	552.6 billion	²⁶
2026-03-11	2026-Q3	Net cash from operating activities (nine months 2026)	17,357 million	²⁶
2026-03-11	2026-Q3	Cloud revenues % of total revenues (three months)	52%	²⁶
2026-03-11	2026-Q3	Cloud revenues % of total revenues (nine months)	50%	²⁶
2026-03-11	2026-Q3	Capital expenditures (nine months 2026)	39.2 billion	²⁶
2026-03-10	2026-Q3	Short-term deferred revenues	$9.9 billion	²⁵
2026-03-10	2026-Q3	Remaining Performance Obligations (RPO)	$553 billion	²⁵
2026-03-10	2026-Q3	Operating Cash Flow (trailing twelve months)	$23.5 billion	²⁵
2025-12-11	2026-Q2	Remaining Performance Obligations	523.3 billion	²⁴
2025-12-11	2026-Q2	Cloud revenues % of total revenues (three months ended Nov 30, 2025)	50%	²⁴
2025-12-11	2026-Q2	Cloud revenues % of total revenues (three months ended Nov 30, 2024)	42%	²⁴
2025-12-11	2026-Q2	Cloud revenues % of total revenues (six months ended Nov 30, 2025)	49%	²⁴
2025-12-11	2026-Q2	Cloud revenues % of total revenues (six months ended Nov 30, 2024)	42%	²⁴
2025-12-10	2026-Q2	Short-Term Deferred Revenues	9.9 billion	²³
2025-12-10	2026-Q2	Remaining Performance Obligations	523 billion	²³
2025-12-10	2026-Q2	Operating Cash Flow (12 months)	22.3 billion	²³
2025-12-10	2026-Q2	NetSuite Cloud ERP Revenue	1.0 billion	²³
2025-12-10	2026-Q2	Fusion Cloud ERP Revenue	1.1 billion	²³
2025-12-10	2026-Q2	Cloud Revenue	8.0 billion	²³
2025-12-10	2026-Q2	Cloud Infrastructure Revenue	4.1 billion	²³
2025-12-10	2026-Q2	Cloud Application Revenue	3.9 billion	²³
2025-09-10	2026-Q1	Stock-based awards annualized dilution rate	1.6%	²²
2025-09-10	2026-Q1	Services revenue % of total	9%	²²
2025-09-10	2026-Q1	Remaining Performance Obligations	$455.3 billion	²²
2025-09-10	2026-Q1	Maximum potential dilution from stock-based awards	4.0%	²²
2025-09-10	2026-Q1	Hardware revenue % of total	5%	²²
2025-09-10	2026-Q1	Cloud revenues % of total revenues	48%	²²
2025-09-10	2026-Q1	Cloud and software revenue % of total	86%	²²
2025-09-10	2026-Q1	Ampere equity ownership	approximately 29%	²²
2025-09-10	2026-Q1	Ampere carrying value	$1.7 billion	²²
2025-09-09	2026-Q1	Short-term deferred revenues	12.1 billion	²¹
2025-09-09	2026-Q1	Remaining Performance Obligations (RPO)	455 billion	²¹
2025-09-09	2026-Q1	Operating Cash Flow (last twelve months)	21.5 billion	²¹
2025-09-09	2026-Q1	NetSuite Cloud ERP (SaaS) Revenue	1.0 billion	²¹
2025-09-09	2026-Q1	MultiCloud database revenue growth	1,529%	²¹
2025-09-09	2026-Q1	Fusion Cloud ERP (SaaS) Revenue	1.0 billion	²¹
2025-09-09	2026-Q1	Cloud Revenue (IaaS + SaaS)	7.2 billion	²¹
2025-09-09	2026-Q1	Cloud Infrastructure (IaaS) Revenue	3.3 billion	²¹
2025-09-09	2026-Q1	Cloud Application (SaaS) Revenue	3.8 billion	²¹
2025-06-11	2025-Q4	Short-Term Deferred Revenues	9.4 billion	¹⁹
2025-06-11	2025-Q4	Remaining Performance Obligations	138 billion	¹⁹
2025-06-11	2025-Q4	Oracle Cloud@Customer Dedicated Datacenters Live	29	¹⁹
2025-06-11	2025-Q4	Oracle Cloud@Customer Datacenters Being Built	30	¹⁹
2025-06-11	2025-Q4	NetSuite Cloud ERP Revenue	1.0 billion	¹⁹
2025-06-11	2025-Q4	MultiCloud Datacenters Live	23	¹⁹
2025-06-11	2025-Q4	MultiCloud Datacenters Being Built	47	¹⁹
2025-06-11	2025-Q4	Fusion Cloud ERP Revenue	1.0 billion	¹⁹
2025-06-11	2025-Q4	Cloud Revenue	6.7 billion	¹⁹
2025-06-11	2025-Q4	Cloud Infrastructure Revenue	3.0 billion	¹⁹
2025-06-11	2025-Q4	Cloud Application Revenue	3.7 billion	¹⁹
2025-03-11	2025-Q3	Total operating margin % (three months)	31%	¹⁸
2025-03-11	2025-Q3	Total operating margin % (nine months)	30%	¹⁸
2025-03-11	2025-Q3	Services % of Total Revenues	10%	¹⁸
2025-03-11	2025-Q3	Services margin % (three months)	20%	¹⁸
2025-03-11	2025-Q3	Services margin % (nine months)	18%	¹⁸
2025-03-11	2025-Q3	Infrastructure cloud services and license support % of growth	77%	¹⁸
2025-03-11	2025-Q3	Hardware % of Total Revenues	5%	¹⁸
2025-03-11	2025-Q3	hardware margin pct three months	64%	¹⁸
2025-03-11	2025-Q3	hardware margin pct nine months	62%	¹⁸
2025-03-11	2025-Q3	free cash flow trailing 4 quarters	$5,812	¹⁸
2025-03-11	2025-Q3	cloud services revenues pct of total	44%	¹⁸
2025-03-11	2025-Q3	Cloud and License % of Total Revenues	85%	¹⁸
2025-03-11	2025-Q3	cloud and license margin pct three months	63%	¹⁸
2025-03-11	2025-Q3	cloud and license margin pct nine months	63%	¹⁸
2025-03-11	2025-Q3	cash provided by operating activities nine months	$14,664	¹⁸
2025-03-11	2025-Q3	applications cloud services and license support pct of growth	23%	¹⁸
2025-03-11	2025-Q3	Ampere Computing ownership pct	29%	¹⁸
2025-03-11	2025-Q3	Ampere Computing carrying value	$1.5 billion	¹⁸
2025-03-10	2025-Q3	Short-term deferred revenues	$9.0 billion	¹⁷
2025-03-10	2025-Q3	Remaining Performance Obligations	$130 billion	¹⁷
2025-03-10	2025-Q3	Q3 Remaining Performance Obligations Growth	62% in USD, 63% in constant currency	¹⁷
2025-03-10	2025-Q3	Q3 Cloud Revenue Growth	23% in USD, 25% in constant currency	¹⁷
2025-03-10	2025-Q3	Q3 Cloud Revenue	$6.2 billion	¹⁷
2025-03-10	2025-Q3	Q3 Cloud Infrastructure Revenue	$2.7 billion	¹⁷
2025-03-10	2025-Q3	Q3 Cloud Infrastructure Growth	49% in USD, 51% in constant currency	¹⁷
2025-03-10	2025-Q3	Operating Cash Flow (LTM)	$20.7 billion	¹⁷
2025-03-10	2025-Q3	GPU Consumption for AI Training Growth	grew 244% in the last 12 months	¹⁷
2025-03-10	2025-Q3	Free Cash Flow (LTM)	$5.8 billion	¹⁷
2025-03-10	2025-Q3	Database MultiCloud Revenue Growth	up 92% in the last three months	¹⁷
2024-12-10	2025-Q2	Services Percentage of Total Revenues Trailing 4Q	10%	¹⁶
2024-12-10	2025-Q2	Maximum Potential Dilution Outstanding Awards	6.1%	¹⁶
2024-12-10	2025-Q2	Hardware Percentage of Total Revenues Trailing 4Q	5%	¹⁶
2024-12-10	2025-Q2	Cumulative Potential Dilution Annualized Rate	1.8%	¹⁶
2024-12-10	2025-Q2	Cloud and License Percentage of Total Revenues Trailing 4Q	85%	¹⁶
2024-12-10	2025-Q2	Cloud Services Percentage of Total Revenues	42%	¹⁶
2024-12-10	2025-Q2	Ampere Ownership Interest	approximately 29%	¹⁶
2024-12-10	2025-Q2	Ampere Investment Carrying Value	$1.5 billion	¹⁶
2024-12-09	2025-Q2	Total Remaining Performance Obligations	97 billion	¹⁵
2024-12-09	2025-Q2	Short-term deferred revenues	9.4 billion	¹⁵
2024-12-09	2025-Q2	NetSuite Cloud ERP (SaaS) Revenue	0.9 billion	¹⁵
2024-12-09	2025-Q2	Fusion Cloud ERP (SaaS) Revenue	0.9 billion	¹⁵
2024-12-09	2025-Q2	Cloud Revenue (IaaS + SaaS)	5.9 billion	¹⁵
2024-12-09	2025-Q2	Cloud Infrastructure (IaaS) Revenue	2.4 billion	¹⁵
2024-12-09	2025-Q2	Cloud Application (SaaS) Revenue	3.5 billion	¹⁵
2024-09-10	2025-Q1	Services business percentage of total revenues trailing 4-quarter	10%	¹⁴
2024-09-10	2025-Q1	Operating lease commitments	$36.2 billion	¹⁴
2024-09-10	2025-Q1	Maximum potential dilution from outstanding stock-based awards	6.1%	¹⁴
2024-09-10	2025-Q1	Hardware business percentage of total revenues trailing 4-quarter	6%	¹⁴
2024-09-10	2025-Q1	Free cash flow trailing 4-quarters	$11,271 million	¹⁴
2024-09-10	2025-Q1	Cumulative potential dilution annualized rate since June 1, 2021	1.9%	¹⁴
2024-09-10	2025-Q1	Cloud services revenues percentage of total revenues Q1 FY2025	42%	¹⁴
2024-09-10	2025-Q1	Cloud services revenues percentage of total revenues Q1 FY2024	37%	¹⁴
2024-09-10	2025-Q1	Cloud and license business percentage of total revenues trailing 4-quarter	84%	¹⁴
2024-09-10	2025-Q1	Ampere convertible debt investment	$75 million	¹⁴
2024-09-10	2025-Q1	Ampere Computing Holdings LLC ownership percentage	approximately 29%	¹⁴
2024-09-10	2025-Q1	Ampere Computing Holdings LLC carrying value	$1.5 billion	¹⁴
2024-09-09	2025-Q1	Short-term deferred revenues	$11.5 billion	¹³
2024-09-09	2025-Q1	Remaining Performance Obligations	$99 billion	¹³
2024-09-09	2025-Q1	Operating Cash Flow (Trailing 12 Months)	$19.1 billion	¹³
2024-09-09	2025-Q1	NetSuite Cloud ERP (SaaS) Revenue	$0.9 billion	¹³
2024-09-09	2025-Q1	Fusion Cloud ERP (SaaS) Revenue	$0.9 billion	¹³
2024-09-09	2025-Q1	Cloud Datacenters in Operation and Under Construction	162	¹³
2024-09-09	2025-Q1	Cloud Revenue (IaaS + SaaS)	$5.6 billion	¹³
2024-09-09	2025-Q1	Cloud Infrastructure (IaaS) Revenue	$2.2 billion	¹³
2024-09-09	2025-Q1	Cloud GPU Contracts Signed (Q1)	42 additional, total $3 billion	¹³
2024-09-09	2025-Q1	Cloud Application (SaaS) Revenue	$3.5 billion	¹³
2024-06-20	FY2024	Unrecognized Income Tax Benefits	$11.0 billion	¹²
2024-06-20	FY2024	Total In-the-Money Stock-Based Awards %	6.9%	¹²
2024-06-20	FY2024	Stock Repurchase Authorization Available	$7.0 billion	¹²
2024-06-20	FY2024	Stock-Based Awards Outstanding %	6.9%	¹²
2024-06-20	FY2024	Non-Marketable Equity & Convertible Debt Investments	$2.0 billion	¹²
2024-06-20	FY2024	Net Cash from Operating Activities % of Net Income	178%	¹²
2024-06-20	FY2024	Free Cash Flow % of Net Income	113%	¹²
2024-06-20	FY2024	Effective Tax Rate	10.9%	¹²
2024-06-20	FY2024	Annualized Dilution Rate	2.1%	¹²
2024-06-11	2024-Q4	Total Remaining Performance Obligations	98 billion	¹¹
2024-06-11	2024-Q4	Short-term deferred revenues	9.3 billion	¹¹
2024-06-11	2024-Q4	NetSuite Cloud ERP (SaaS) Revenue	0.8 billion	¹¹
2024-06-11	2024-Q4	Fusion Cloud ERP (SaaS) Revenue	0.8 billion	¹¹
2024-06-11	2024-Q4	Cloud Revenue (IaaS + SaaS)	5.3 billion	¹¹
2024-06-11	2024-Q4	Cloud Infrastructure (IaaS) Revenue	2.0 billion	¹¹
2024-06-11	2024-Q4	Cloud Application (SaaS) Revenue	3.3 billion	¹¹
2024-03-12	2024-Q3	Unconditional Purchase Obligations	$4.4 billion	¹⁰
2024-03-12	2024-Q3	Stock Based Awards Dilution Annualized Rate	1.6%	¹⁰
2024-03-12	2024-Q3	Services Revenues pct of total	10%	¹⁰
2024-03-12	2024-Q3	Operating Lease Commitments	$18.8 billion	¹⁰
2024-03-12	2024-Q3	Operating Cash Flow Trailing 4Q	$18,239	¹⁰
2024-03-12	2024-Q3	Maximum Potential Dilution	7.2%	¹⁰
2024-03-12	2024-Q3	Hardware Revenues pct of total	6%	¹⁰
2024-03-12	2024-Q3	Free Cash Flow Trailing 4Q	$12,258	¹⁰
2024-03-12	2024-Q3	Cloud Services Revenues pct of total 9m	37%	¹⁰
2024-03-12	2024-Q3	Cloud Services Revenues pct of total	38%	¹⁰
2024-03-12	2024-Q3	Cloud License and License Support revenue pct	62%	¹⁰
2024-03-12	2024-Q3	Capital Expenditures Trailing 4Q	(5,981)	¹⁰
2024-03-12	2024-Q3	Ampere Investment Carrying Value	$1.4 billion	¹⁰
2024-03-12	2024-Q3	Ampere Equity Ownership pct	29%	¹⁰
2024-03-12	2024-Q3	Ampere Convertible Debt Maturity	June 2026	¹⁰
2024-03-11	2024-Q3	Total Remaining Performance Obligations	$80 billion	⁹
2024-03-11	2024-Q3	Short-term deferred revenues	$8.9 billion	⁹
2024-03-11	2024-Q3	Operating Cash Flow (last twelve months)	$18.2 billion	⁹
2024-03-11	2024-Q3	NetSuite Cloud ERP (SaaS) Revenue	$0.8 billion	⁹
2024-03-11	2024-Q3	Fusion Cloud ERP (SaaS) Revenue	$0.8 billion	⁹
2024-03-11	2024-Q3	Cloud Revenue	$5.1 billion	⁹
2024-03-11	2024-Q3	Cloud Infrastructure (IaaS) Revenue	$1.8 billion	⁹
2024-03-11	2024-Q3	Cloud Application (SaaS) Revenue	$3.3 billion	⁹
2023-12-12	2024-Q2	Services business (% of total revenues)	11%	⁸
2023-12-12	2024-Q2	Hardware business (% of total revenues)	6%	⁸
2023-12-12	2024-Q2	Cloud services revenues (% of total revenues)	37%	⁸
2023-12-12	2024-Q2	Cloud and license business (% of total revenues)	83%	⁸
2023-12-11	2024-Q2	Total Remaining Performance Obligations	over $65 billion	⁷
2023-12-11	2024-Q2	Short-term deferred revenues	8.9 billion	⁷
2023-12-11	2024-Q2	NetSuite Cloud ERP (SaaS) Revenue	0.8 billion	⁷
2023-12-11	2024-Q2	Fusion Cloud ERP (SaaS) Revenue	0.8 billion	⁷
2023-12-11	2024-Q2	Cloud Revenue (IaaS + SaaS)	4.8 billion	⁷
2023-12-11	2024-Q2	Cloud Infrastructure (IaaS) Revenue	1.6 billion	⁷
2023-12-11	2024-Q2	Cloud Application (SaaS) Revenue	3.2 billion	⁷
2023-09-12	2024-Q1	Working capital	(3,191)	⁶
2023-09-12	2024-Q1	Remaining performance obligations	64.9 billion	⁶
2023-09-12	2024-Q1	Maximum potential dilution from stock-based awards	6.6%	⁶
2023-09-12	2024-Q1	Cash, cash equivalents and marketable securities	12,083 (USD millions)	⁶
2023-09-12	2024-Q1	Annualized stock-based dilution rate since June 2020	1.7%	⁶
2023-09-11	2024-Q1	Short-term deferred revenues	11.1 billion	⁵
2023-09-11	2024-Q1	NetSuite Cloud ERP (SaaS) Revenue	0.7 billion	⁵
2023-09-11	2024-Q1	Fusion Cloud ERP (SaaS) Revenue	0.8 billion	⁵
2023-09-11	2024-Q1	Cloud Revenue (IaaS + SaaS)	4.6 billion	⁵
2023-09-11	2024-Q1	Cloud Infrastructure (IaaS) Revenue	1.5 billion	⁵
2023-09-11	2024-Q1	Cloud Application (SaaS) Revenue	3.1 billion	⁵
2023-09-11	2024-Q1	AI development companies contracted capacity	$4 billion	⁵

▸ Earlier KPIs (+180)

Guidance Tracking (latest per metric/period · 16/16)#

All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.

Actuals: revenue in $m · EPS in $ per share · ratios in %

For period	Guided on	Metric	Guided	Actual	Verdict	Direction	Source
FY2030	2025-09-09	Cloud Infrastructure Revenue	144,000	–	pending	initiated	²¹
FY2029	2025-09-09	Cloud Infrastructure Revenue	114,000	–	pending	initiated	²¹
FY2028	2025-09-09	Cloud Infrastructure Revenue	73,000	–	pending	initiated	²¹
FY2027	2026-06-10	EPS (non-GAAP)	8.05	–	pending	raised	²⁷
FY2027	2026-03-10	Revenue	90,000	–	pending	confirmed	²⁷
FY2027	2025-09-09	Cloud Infrastructure Revenue	32,000	–	pending	initiated	²¹
FY2026	2026-03-10	Revenue	67,000	67,357	beat	confirmed	²⁵
FY2026	2026-03-10	Capex	50,000	–	–	confirmed	²⁵
FY2026	2025-09-09	Cloud Infrastructure Revenue	18,000	–	–	raised	²¹
FY2026	2025-06-11	Total Cloud Growth Rate	40%	–	–	raised	¹⁹
FY2026	2025-06-11	Cloud Infrastructure Growth Rate	70%	–	–	raised	¹⁹
FY2026	2025-06-11	RPO Growth	100%	–	–	raised	¹⁹
FY2026	2025-03-10	Revenue growth (YoY)	15%	17.3	beat	initiated	¹⁷
2026-Q4	2026-03-10	EPS (non-GAAP)	1.92–1.96	2.11	beat	confirmed	²⁵
2026-Q4	2026-03-10	Revenue growth (YoY)	18–20%	20.6	beat	confirmed	²⁵
2026-Q4	2026-03-10	Total Cloud revenue	44–48%	–	–	confirmed	²⁵

▸ show older periods (+1)

Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

FY2026

Oracle's FY2026 total revenues reached a record $67.4 billion, up 17% in USD, as cloud revenue grew 39% to $34.0 billion and rose to 51% of total revenues from 43% in the prior year ²⁷ ²⁸. Cloud infrastructure (IaaS) was the primary growth engine, contributing 84% of cloud revenue growth for the full year, with quarterly IaaS growth rates accelerating from 55% in Q1 to 93% in Q4 ²⁸ ²⁷. FY2026 GAAP EPS rose 34% to $5.83 and non-GAAP EPS rose 27% to $7.63; GAAP net income included a $2.7 billion pre-tax gain from the divestiture of Oracle's investment in Ampere Computing Holdings LLC ²⁷ ²³. Remaining performance obligations expanded from $138 billion to $638 billion during the fiscal year, primarily attributable to significant AI-related cloud contracts entered during the period ²⁸ ²⁷. To fund cloud infrastructure expansion Oracle issued $43.0 billion in senior notes and $5.0 billion in mandatory convertible preferred stock, driving capital expenditures to $55.7 billion and resulting in negative free cash flow of $23.7 billion, while operating cash flow reached a record $32.0 billion, up 54% from the prior year ²⁷ ²⁸.

FY2025

Oracle's FY2025 total revenue grew 8% year-over-year to $57.4 billion, with cloud services revenues increasing 24% to $24.5 billion and reaching 43% of total revenues, up from 37% in FY2024 (²⁰). GAAP operating income rose 15% to $17.7 billion and the operating margin expanded to 31% from 29% in the prior year, with the improvement partly attributable to a $703 million year-over-year reduction in amortization of acquired intangible assets as certain acquired assets became fully amortized (²⁰). Capital expenditures increased 209% to $21.2 billion to fund data center expansion, driving full-year free cash flow to negative $(394) million compared to positive $11.8 billion in FY2024, while operating cash flow grew 12% to $20.8 billion (²⁰). Remaining Performance Obligations expanded from $99 billion at the end of Q1 to $138 billion at year-end, a 41% year-over-year increase by Q4, supported by cloud agreements signed with hyperscalers and AI providers throughout FY2025 (¹³, ¹⁹). Oracle issued $14.0 billion in senior notes during FY2025 and carried net debt of $81.8 billion at year-end, with total outstanding indebtedness of $92.6 billion maturing through 2065 (²⁰, ²⁷).

FY2024

Oracle generated total revenue of $52,961 million in fiscal year 2024, a 6% increase year-over-year, with cloud services revenue growing 25% to $19.8 billion and representing 37% of total revenues, up from 32% in fiscal 2023 ¹². Adjusted operating income reached $23,055 million and GAAP net income was $10,467 million, with diluted EPS of $3.71 and adjusted EPS of $5.56 ¹⁹. Operating cash flow increased 9% to $18,673 million while free cash flow grew 39% to $11,807 million, with year-end net debt of $76,415 million ¹⁹. Cloud Infrastructure (IaaS) revenue grew between 42% and 66% across the four quarters as AI-driven demand lifted Total Remaining Performance Obligations 44% to $98 billion by fiscal year-end ⁵, ¹¹. Oracle signed more than 30 AI contracts totaling over $12.5 billion in Q4 alone, including a contract with OpenAI for ChatGPT training, and expanded multicloud partnerships with Microsoft Azure and Google Cloud during the second half of the year ¹¹.

FY2023

Oracle's fiscal year 2023 total revenue grew 18% in USD and 22% in constant currency to $49.954 billion, driven primarily by the June 2022 acquisition of Cerner Corporation, which contributed $5.9 billion to revenues ⁴. Cloud services revenues grew 47% to $15.881 billion, lifting cloud's share of total revenues to 32% from 25% in fiscal 2022, with Cloud Infrastructure (IaaS) and Cloud Application (SaaS) both posting double-digit growth throughout the year ⁴. GAAP operating income was $13.093 billion (26% of revenues) and adjusted non-GAAP operating income was $20.902 billion; both GAAP and non-GAAP operating margins were compressed year-over-year, driven by Cerner-related amortization of intangibles (up 212% to $3.6 billion) and integration costs ¹¹ ⁴. Operating cash flow increased 80% to $17.165 billion and free cash flow was $8.470 billion, while net debt stood at $80.716 billion reflecting senior notes issued to fund the Cerner acquisition ¹¹ ⁴.

Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.

49 documents · 2016 – 2026 · SEC EDGAR (USA)

#	Document type	Published	Link
#1 / #101	8-K-EX99.1	2023-03-09	Open
#2	10-Q	2023-03-10	Open
#3 / #103	8-K-EX99.1	2023-06-12	Open
#4	10-K	2023-06-20	Open
#5	8-K-EX99.1	2023-09-11	Open
#6 / #106	10-Q	2023-09-12	Open
#7 / #107	8-K-EX99.1	2023-12-11	Open
#8	10-Q	2023-12-12	Open
#9 / #109	8-K-EX99.1	2024-03-11	Open
#10	10-Q	2024-03-12	Open
#11 / #111	8-K-EX99.1	2024-06-11	Open
#12	10-K	2024-06-20	Open
#13 / #113	8-K-EX99.1	2024-09-09	Open
#14	10-Q	2024-09-10	Open
#15 / #115	8-K-EX99.1	2024-12-09	Open
#16	10-Q	2024-12-10	Open
#17 / #117	8-K-EX99.1	2025-03-10	Open
#18	10-Q	2025-03-11	Open
#19 / #119	8-K-EX99.1	2025-06-11	Open
#20	10-K	2025-06-18	Open
#21 / #121	8-K-EX99.1	2025-09-09	Open
#22	10-Q	2025-09-10	Open
#23 / #123	8-K-EX99.1	2025-12-10	Open
#24	10-Q	2025-12-11	Open
#25 / #125	8-K-EX99.1	2026-03-10	Open
#26	10-Q	2026-03-11	Open
#27 / #127	8-K-EX99.1	2026-06-10	Open
#28	10-K	2026-06-22	Open

▸ More rows (+13)

Older sources (+21)

#	Document type	Published	Link
#201	10-Q	2016-03-18	Open
#205	10-K	2016-06-22	Open
#202	10-Q	2016-09-19	Open
#203	10-Q	2016-12-19	Open
#204	10-Q	2017-03-17	Open
#206	10-Q	2017-06-27	Open
#207	10-K	2018-06-22	Open
#211	10-K	2018-06-22	Open
#208	10-Q	2018-09-19	Open
#209	10-Q	2018-12-19	Open
#210	10-Q	2019-03-18	Open
#212	10-Q	2019-09-13	Open
#213	10-Q	2019-12-13	Open
#214	10-Q	2020-03-13	Open
#215	10-K	2020-06-22	Open
#219	10-K	2020-06-22	Open
#216	10-Q	2020-09-15	Open
#217	10-Q	2020-12-11	Open
#218	10-Q	2021-03-11	Open
#220	10-Q	2021-09-13	Open
#221	10-Q	2021-12-10	Open

▸ More rows (+6)

FAQ#

Is there a management forecast (guidance) for FY2027?

Yes. Management has issued targets for FY2027, including EPS (non-GAAP). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Where can I find the official investor relations documents of Oracle Corporation?

The sources chapter links all 63 original filings used (SEC filings) with type, publication date and a direct link; every figure in the report carries a source number.