| Line Item | 2026-05-31 | Y/Y |
|---|---|---|
| Revenue | $67.36B | +17.3% |
| R&D Expense | $10.27B | +4.2% |
| SG&A Expense | $1.62B | +1.0% |
| Operating Income | $20.61B | +16.6% |
| Interest Expense | $4.60B | +28.5% |
| Income Tax | $2.47B | +43.7% |
| Net Income | $17.09B | +37.3% |
| EPS (Basic) | $5.94 | +33.2% |
| EPS (Diluted) | $5.83 |
| Line Item | 2026-05-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $31.29B | +190.1% |
| Accounts Receivable | $10.38B | +21.3% |
| Current Assets | $46.57B | +89.5% |
| Total Assets | $261.76B | +55.5% |
| Current Liabilities | $41.76B | +27.9% |
| Stockholders' Equity | $42.51B | +107.9% |
| Line Item | 2026-05-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | $31.98B | +53.6% |
| Capital Expenditures | $55.66B | +162.4% |
| Investing Cash Flow | -$51.85B | -138.8% |
| Financing Cash Flow | $40.28B | +3568.9% |
| Free Cash Flow | -$23.69B | -5911.7% |
Business Overview
Oracle provides products and services that build, run, and support enterprise IT frameworks, including cloud-based applications and infrastructure offerings enhanced by AI technologies. The company is investing heavily in AI-driven automation and generative AI capabilities across its offerings, with cloud revenues growing to 51% of total revenues in fiscal 2026 (up from 37% in fiscal 2024). Oracle maintains three businesses—cloud and software, hardware, and services—delivered through flexible deployment models including cloud-based, on-premise, hybrid, and multicloud options.
Segment Performance
Cloud and software segment showed strong growth with cloud revenues increasing significantly: cloud represented 51%, 43%, and 37% of total revenues in fiscal 2026, 2025, and 2024, respectively. Cloud applications revenues represented 47%, 58%, and 65% of total cloud revenues during these same periods. Cloud infrastructure revenues represented 53%, 42%, and 35% of total cloud revenues in fiscal 2026, 2025, and 2024, respectively. Customers with annual software support contracts migrating to Oracle Cloud contributed $5.4 billion to annualized cloud revenue increases over the past three fiscal years.
Forward Guidance
"We expect these trends to continue" (referring to the growing proportion of cloud revenues). "We believe that we are in the early stages of what we expect will be a material migration of our existing Oracle customer base from on-premise applications and infrastructure products and services to the Oracle Cloud." The company states it expects "customer demand for our applications and infrastructure technologies delivered through our Oracle Cloud deployment models" to increase and continues to invest in expanding OCI capabilities and geographic footprint.
Key Risk Factors
The filing identifies forward-looking statement risks, noting that actual results could differ materially from expectations due to various factors discussed in Item 1A (Risk Factors) and Item 7 (MD&A). Key risk areas include the company's ability to successfully migrate its extensive on-premise customer base to the Oracle Cloud, competitive pressures from competitors offering more limited applications, reliance on continued customer demand for cloud-based offerings, and execution risks related to investments in emerging technologies such as AI and generative AI capabilities.
| +34.3% |