Oracle Corporation (ORCL) financials

NYSE · Technology · Software - Infrastructure · 141,000 employees · CEO Michael D. Sicilia

Price: $130.68 -6.36%
Market cap: $395B
Enterprise value: $515B
Last report: Q1 '27 filed 2026-09-11
Next report: 2026-12-14 EPS est. $1.88

Revenue (TTM)$71.8B+21.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)32.4%+1.9 pp vs a year agoOperating income $23.2B

Net income (TTM)$18.9B+52.1% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$28.7B-388.4% vs a year agoCapex $75.7B

Diluted EPS (TTM)$6.38+47.7% vs a year agoSum of the last 4 quarters

Net cash-$119B-25.9% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $395B
Revenue: $71.8B
Revenue growth: +34%
Profit margin: 26.4%
P/E: 20.2×
P/S: 5.5×
EV / EBITDA: 13.6×
Free cash flow: -$28.7B
Net income: $18.9B
Revenue estimate: $90.4B
Earnings: 2026-12-14
Dividend: $2.00

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-09-10): revenue beat by 1.1%, EPS beat by 10.3%Revenue $19.3B vs $19.1B expected (+1.1%); EPS $1.92 vs $1.74 (+10.3%).
Revenue growth accelerating: 29.6% year on yearQ1 '27 revenue $19.3B, against an average of 17.2% over the four quarters before.
Operating margin 32.4% (TTM), +1.9 pp on a year agoOperating income grew 29.3% while revenue grew 21.6%.
Capex 105.4% of revenue (a year ago 46.5%)$75.7B invested in the last 4 quarters (+176.0% on a year earlier). Free cash flow -$28.7B = -151.8% of net income.
Diluted share count up 3.1% in a year3B diluted shares in Q1 '27, 2.91B a year earlier.
Net debt $119BCash + short-term investments $37.1B, debt incl. leases $156B; a year ago net debt $94.4B.

Last quarter: Q1 '27

Quarter ended 2026-08-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q1 '27	Year ago	Change
Revenue	$19.3B	$14.9B	+29.6%
Gross margin	60.0%	67.3%	-7.3 pp
Operating income	$6.73B	$4.28B	+57.3%
Operating margin	34.8%	28.7%	+6.1 pp
Net income	$4.76B	$2.93B	+62.6%
Diluted EPS	$1.56	$1.01	+54.5%
Operating cash flow	$23.1B	$8.14B	+183.8%
Capex	$28.5B	$8.5B	+235.2%
Free cash flow	-$5.4B	-$362M	-1,390.6%
R&D	$2.4B	$2.49B	-3.6%
Stock-based compensation	$1.13B	$1.12B	+0.3%

Reported vs consensus

2026-09-10

	Actual	Consensus	vs consensus
Revenue	$19.3B	$19.1B	+1.1%
EPS (as estimated)	$1.92	$1.74	+10.3%

From the report of 2026-09-10 for Q1 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '27	y/y	Share	TTM	TTM y/y
Cloud	$11.6B	+61.5%	60.0%	$38.4B	+47.3%
Software	$5.55B	-3.0%	28.7%	$24.4B	-1.3%
Services	$1.41B	+4.8%	7.3%	$5.81B	+9.2%
Hardware	$774M	+15.5%	4.0%	$3.19B	+8.0%

Revenue by region

share of total

Segment	Q1 '27	y/y	Share	TTM	TTM y/y
Americas	$13.7B	+41.9%	70.9%	–	–
E M E A	$3.73B	+7.0%	19.3%	–	–
Asia Pacific	$1.91B	+7.0%	9.9%	–	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q1 '27

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Cloud And License Business	–	–	–	–	–	–	–
Hardware Business	–	–	$452M	+1.1%	–	–	$2.02B
Services Business	–	–	$445M	+34.0%	–	–	$1.65B
Cloud And Software Business	–	–	$9.36B	+21.7%	–	–	$36.1B

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $46.9B
Capex: -$75.7B
Buybacks: -$94M
Dividends: -$5.94B
Acquisitions: $0
Net debt issued: $37.2B
Stock-based compensation: $5.97B
Free cash flow: -$28.7B
Returned to shareholders / FCF: -21.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	20.2×	34.4×	28.9× – 41.8×
EV / EBITDA	13.6×	21.0×	18.4× – 25.1×
EV / Sales	7.2×	8.6×	5.9× – 12.5×
Price / FCF	-13.8×	33.2× 3 of 5 years	27.2× – 38.6×
Price / Book	5.8×	85.6× 4 of 5 years	16.8× – 266.2×
FCF yield	-7.3%	1.2%	-3.3% – 3.7%
Return on invested capital	7.7%	10.2%	8.0% – 11.3%
Return on equity	42.6%	181.2%	-108.0% – 792.5%

Analysts

Consensus target $230.88 (+76.7%)
range $95.00 – $325.00 · rating Buy

Strong buy0

Buy58

Hold25

Sell4

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$90.4B	+34.3%	$8.14	+39.6%	16.1×	23
FY2028	$131B	+45.2%	$11.07	+36.0%	11.8×	24
FY2029	$181B	+37.8%	$15.71	+42.0%	8.3×	14
FY2030	$219B	+21.3%	$20.25	+28.9%	6.5×	11
FY2031	$272B	+24.1%	$28.01	+38.3%	4.7×	7

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 315 figures Oracle Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	$2.46B	–	–
	–	–	–	$249M	–	–
Accounts Payable, Current	$11.1B	$8.2B	+34.9%	$11B	$5.11B	+114.7%
Accounts Receivable, after Allowance for Credit Loss, Current	$11.4B	$8.84B	+28.8%	$10.4B	$8.56B	+21.3%
Accounts Receivable, Allowance for Credit Loss, Current	$536M	$526M	+1.9%	$542M	$557M	-2.7%
Accrued Income Taxes, Noncurrent	$12.1B	$10.6B	+14.0%	$11.8B	$10.3B	+14.6%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$25.8B	–	–	$22.7B	$16B	+41.6%
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	-$150M2026-05-31	-$105M	-42.9%	-$150M	-$105M	-42.9%
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	-$1.57B2026-05-31	-$1.33B	-17.4%	-$1.57B	-$1.33B	-17.4%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$1.39B	-$1.17B	-18.5%	-$1.38B	-$1.18B	-17.4%
Amortization of Intangible Assets	$202M	$420M	-51.9%	$1.67B	$2.31B	-27.6%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	64M	2M	+3,100.0%	31M	23M	+34.8%
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	$36M2026-05-31	$54M	-33.3%	$36M	$54M	-33.3%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	–	–	–	$4.81B	$4.67B	+2.9%
Assets	$303B	$180B	+68.1%	$262B	$168B	+55.5%
Assets, Current	$55.6B	$24.6B	+125.8%	$46.6B	$24.6B	+89.5%
Assets, Noncurrent	$248B	$156B	+58.9%	$215B	$144B	+49.7%
Buildings and Improvements, Gross	$25.5B	–	–	$21.3B	$10.9B	+95.4%
Business Combination, Acquisition Related Costs	$20M2026-02-28	$28M	-28.6%	$75M2025-05-31	$314M	-76.1%
Capital Expenditures Incurred but Not yet Paid	$6.25B	$4.01B	+55.8%	$5.28B	$2.97B	+77.7%
Cash and Cash Equivalents, at Carrying Value	$36.4B	$10.4B	+248.2%	$31.3B	$10.8B	+190.1%
Cash Equivalents, at Carrying Value	$23.5B2026-05-31	$2.39B	+885.0%	$23.5B	$2.39B	+885.0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	$38.9B	$10.4B	+272.8%	$31.3B	$10.8B	+190.1%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$7.65B	-$341M	+2,341.9%	$20.5B	$332M	+6,075.6%
Common Stock, Dividends, Per Share, Cash Paid	$0.50	$0.50	0.0%	$2.00	$1.70	+17.6%
Common Stock, Par or Stated Value Per Share	$0.01	$0.01	0.0%	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	11B	11B	0.0%	11B	11B	0.0%
Common Stock, Shares, Outstanding	3.02B	2.84B	+6.4%	2.88B	2.81B	+2.6%
Common Stocks, Including Additional Paid in Capital	$64.3B	$39.4B	+63.3%	$43.2B	$37.1B	+16.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$4.75B	$2.93B	+62.1%	$16.9B	$12.7B	+32.9%
Construction in Progress, Gross	$48.5B	–	–	$40B	$16.5B	+142.1%
Contract with Customer, Liability	$30.8B	$13.4B	+130.4%	$15.4B	$10.7B	+43.4%
Contract with Customer, Liability, Current	$14.7B	$12.1B	+21.4%	$9.92B	$9.39B	+5.6%
Contract with Customer, Liability, Noncurrent	$16.1B	$1.26B	+1,174.0%	$5.48B	$1.35B	+307.1%
Contract with Customer, Liability, Revenue Recognized	$4B	$4B	0.0%	$9.4B2025-05-31	$9.3B	+1.1%
Costs and Expenses	$12.6B	$10.6B	+18.5%	$46.8B	$39.7B	+17.7%
Current Federal Tax Expense (Benefit)	–	–	–	$1.07B	$1.17B	-8.5%
Current Foreign Tax Expense (Benefit)	–	–	–	$2.01B	$1.99B	+1.0%
Current Income Tax Expense (Benefit)	–	–	–	$3.38B	$3.35B	+0.9%
Current State and Local Tax Expense (Benefit)	–	–	–	$307M	$196M	+56.6%
Debt Instrument, Face Amount	$130B2026-05-31	$92.9B	+40.0%	$130B	$92.9B	+40.0%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$564M2026-05-31	$348M	+62.1%	$564M	$348M	+62.1%
Debt Securities, Available-for-sale, Current	$708M	$560M	+26.4%	$605M	$417M	+45.1%
Debt, Current	$7.2B2026-05-31	$7.27B	-1.0%	$7.2B	$7.27B	-1.0%
Debt, Long-term and Short-term, Combined Amount	$130B2026-05-31	$92.6B	+39.9%	$130B	$92.6B	+39.9%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$1.78B	-$2.21B	+19.2%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$1.02B	$773M	+31.7%
Deferred Income Tax Assets, Net	$11.6B	$11.7B	-0.9%	$11.5B	$11.9B	-2.8%
Deferred Income Tax Expense (Benefit)	-$73M	$515M	-114.2%	-$917M	-$1.64B	+44.0%
Deferred Income Tax Liabilities, Net	$322M2026-05-31	$1.63B	-80.2%	$322M	$1.63B	-80.2%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	-$152M	-$202M	+24.8%
Deferred Tax Assets, Deferred Income	$970M2026-05-31	$894M	+8.5%	$970M	$894M	+8.5%
Deferred Tax Assets, Gross	$31.8B2026-05-31	$23.8B	+33.3%	$31.8B	$23.8B	+33.3%
Deferred Tax Assets, in Process Research and Development	$5.78B2026-05-31	$4.15B	+39.3%	$5.78B	$4.15B	+39.3%
Deferred Tax Assets, Net	$11.3B	$9.8B	+15.3%	$11.2B	$10.2B	+9.5%
Deferred Tax Assets, Net of Valuation Allowance	$29.3B2026-05-31	$21.9B	+33.9%	$29.3B	$21.9B	+33.9%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	$1.01B2026-05-31	$1.07B	-5.8%	$1.01B	$1.07B	-5.8%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities	$1.2B2026-05-31	$790M	+51.3%	$1.2B	$790M	+51.3%
Deferred Tax Assets, Valuation Allowance	$2.48B2026-05-31	$1.96B	+26.6%	$2.48B	$1.96B	+26.6%
Deferred Tax Expense from Stock Options Exercised	–	–	–	$4B	$2.1B	+90.5%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-31, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31

Data as of 2026-11-01