ORACLE CORP

Oracle Corporation

Overview

Oracle provides enterprise IT products and services to build, run, and support IT environments. Offerings span cloud and on‑premise software, hardware, and professional services, with a focus on enterprise applications and infrastructure technologies that include AI capabilities. Deployment models include cloud, on‑premises, and hybrid configurations. Oracle Cloud covers both Applications (cloud applications) and Infrastructure (cloud infrastructure).

Core businesses (operating segments)

• Cloud and software
  • Revenues: 58,530 million (2026); 49,230 million (2025); 44,464 million (2024)
  • Description: Includes cloud offerings (applications and infrastructure), software licenses, and software support. Revenue is recognized either over time or at transfer of control depending on the product or service.
  • Segment margin (after direct costs): 34,468 million (2026); 30,930 million (2025); 28,514 million (2024)
• Hardware
  • Revenues: 3,084 million (2026); 2,936 million (2025); 3,066 million (2024)
  • Segment margin: 2,017 million (2026); 1,918 million (2025); 1,915 million (2024)
• Services
  • Revenues: 5,743 million (2026); 5,233 million (2025); 5,431 million (2024)
  • Segment margin: 1,533 million (2026); 993 million (2025); 916 million (2024)

Consolidated financial results (fiscal year ended May 31)

• Total revenues: 67,357 million (2026); 57,399 million (2025); 52,961 million (2024)
• Total operating segment margin (operating income basis, before non‑operating items): 38,018 million (2026); 33,841 million (2025); 31,345 million (2024)
• Operating expenses (summary): R&D 10,272 million; SG&A and other expenses (including amortization, restructuring, stock‑based compensation, etc.) are itemized in the notes
• Net income: 17,087 million (2026); 12,443 million (2025); 10,467 million (2024)
• Net income available to common shareholders: 16,984 million (2026)
• Earnings per share (common)
  • Basic: 5.94 (2026); 4.46 (2025); 3.82 (2024)
  • Diluted: 5.83 (2026); 4.34 (2025); 3.71 (2024)
• Weighted‑average common shares outstanding
  • Basic: 2,860 million (2026); 2,789 million (2025); 2,744 million (2024)
  • Diluted: 2,914 million (2026); 2,866 million (2025); 2,823 million (2024)

Geographic and customer mix

• Revenues by region (2026): Americas 44,478 million; EMEA 15,297 million; Asia Pacific 7,582 million
• Customer concentration: No single customer accounted for 10% or more of total revenues in 2026, 2025, or 2024
• Software and cloud revenue split: Software revenues include license and support; cloud revenues include cloud applications and cloud infrastructure
• Remaining performance obligations (RPO): As of May 31, 2026, RPO was 638 billion, with ~12% expected to be recognized in the next 12 months, 34% in months 13–36, 34% in months 37–60, and the remainder thereafter

Cash, liquidity, and capital structure

• Cash and cash equivalents: 31,289 million (as of May 31, 2026)
• Marketable securities: 605 million
• Total cash, cash equivalents and marketable securities: approximately 31.9 billion
• Total assets: 261,759 million
• Total stockholders’ equity: 43,056 million
• Common stock outstanding: 2,880 million shares (May 31, 2026); 2,807 million (May 31, 2025)
• Preferred stock: 50,000 shares of 6.50% Series D Mandatory Convertible Preferred Stock outstanding (May 31, 2026)
• Major financing activities
  • ATM program: authorized to issue up to 20 billion of common stock; no sales under the program as of May 31, 2026
  • Revolving credit facility: new $10.0 billion, five‑year revolver established March 6, 2026 (not utilized as of May 31, 2026)
  • Term loan and debt: previous term loan facilities and subsequent refinancings and issuances noted
  • Common stock repurchases: 0.4 million shares repurchased in 2026 for 93 million; 3.9 million for 600 million in 2025; 10.6 million for 1,200 million in 2024
  • Dividends: Common stock dividends of $2.00 per share in 2026; $1.70 in 2025; $1.60 in 2024; preferred stock dividends of $1,263.89 per share paid in 2026
• Cash flow summary (year ended May 31, 2026)
  • Net cash provided by operating activities: 31,977 million
  • Net cash used for investing activities: (51,854) million
  • Net cash provided by financing activities: 40,284 million
  • Effect of exchange rate changes: 96 million
  • Net increase in cash and cash equivalents: 20,503 million

Other notes

• Revenue recognition follows ASC 606; contracts may include multiple performance obligations allocated based on relative standalone selling price, with a residual method used for certain licenses
• RPO disclosure and financing components are addressed in the financial statement notes
• Goodwill: 62,261 million, with annual impairment testing (no impairment in 2026, 2025, or 2024)
• Tax: Effective tax rate was 12.6% in 2026, influenced by global operations, tax credits, and the One, Big, Beautiful Bill Act; ongoing tax audits and related uncertainties are discussed in the notes

Summary

Oracle operates three primary businesses—cloud/software, hardware, and services—with strong emphasis on cloud and software. For fiscal 2026 the company reported total revenues of about 67.4 billion and net income of about 17.1 billion, with a broad geographic revenue base, substantial cash and liquidity, and detailed disclosures on segment margins, RPO, and capital activities.