Oracle
ORCL · NYSEServices-Prepackaged Software · Fiscal year ends May 31
Oracle reported revenue of $67.4B in the fiscal year ended May 2026, up 17.3% from the year before. Operating income was $20.6B, an operating margin of 30.6%, and net income was $17.1B. Operating cash flow of $32B less capital expenditure of $55.7B left free cash flow of −$23.7B. Net debt was $98.3B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue | $42.4B | $50B | $53B | $57.4B | $67.4B |
| Research & development | $7.2B | $8.6B | $8.9B | $9.9B | $10.3B |
| Operating income | $10.9B | $13.1B | $15.4B | $17.7B | $20.6B |
| Interest expense | $2.8B | $3.5B | $3.5B | $3.6B | $4.6B |
| Income tax | $932M | $623M | $1.3B | $1.7B | $2.5B |
| Net income | $6.7B | $8.5B | $10.5B | $12.4B | $17.1B |
| Diluted EPS | 2.41 | 3.07 | 3.71 | 4.34 | 5.83 |
| Diluted shares | 2,786M | 2,766M | 2,823M | 2,866M | 2,914M |
Balance sheet
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $21.4B | $9.8B | $10.5B | $10.8B | $31.3B |
| Receivables | $6B | $6.9B | $7.9B | $8.6B | $10.4B |
| Inventory | $314M | $298M | $334M | $303M | – |
| Current assets | $31.6B | $21B | $22.6B | $24.6B | $46.6B |
| Net PP&E | $9.7B | $17.1B | $21.5B | $43.5B | $100B |
| Goodwill | $43.8B | $62.3B | $62.2B | $62.2B | $62.3B |
| Total assets | $109B | $134B | $141B | $168B | $262B |
| Payables | $1.3B | $1.2B | $2.4B | $5.1B | $11B |
| Deferred revenue | $8.4B | $9B | $9.3B | $9.4B | $9.9B |
| Current liabilities | $19.5B | $23.1B | $31.5B | $32.6B | $41.8B |
| Short-term debt | $3.7B | $4.1B | $10.6B | $7.3B | $7.2B |
| Long-term debt | $0 | $86.4B | $76.3B | $85.3B | $122B |
| Shareholders' equity | −$6.2B | $1.1B | $8.7B | $20.5B | $42.5B |
| Backlog (remaining obligations) | $46.6B | $67.9B | $97.9B | $138B | $638B |
Cash flow
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $9.5B | $17.2B | $18.7B | $20.8B | $32B |
| Capital expenditure | $4.5B | $8.7B | $6.9B | $21.2B | $55.7B |
| Free cash flow | $5B | $8.5B | $11.8B | −$394M | −$23.7B |
| Depreciation & amortisation | $2B | $2.5B | $3.1B | $3.9B | $7.6B |
| Stock-based compensation | $2.6B | $3.5B | $4B | $4.7B | $4.8B |
| Acquisitions | $148M | $27.7B | $63M | $0 | – |
| Share buybacks | $16.2B | $1.3B | $1.2B | $600M | $95M |
| Dividends paid | $3.5B | $3.7B | $4.4B | $4.7B | $5.8B |
| Dividend per share | 1.28 | 1.36 | 1.60 | 1.70 | 2.00 |
Key ratios
| Fiscal year | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 17.7% | 6.0% | 8.4% | 17.3% |
| Operating income growth (YoY) | – | 19.8% | 17.3% | 15.1% | 16.6% |
| EPS growth (YoY) | – | 27.4% | 20.8% | 17.0% | 34.3% |
| Operating margin | 25.7% | 26.2% | 29.0% | 30.8% | 30.6% |
| Net margin | 15.8% | 17.0% | 19.8% | 21.7% | 25.4% |
| Return on equityBlank when equity is negative | – | 792.5% | 120.3% | 60.8% | 40.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 12.2% | 11.8% | 14.0% | 13.0% | 9.4% |
| Free cash flow margin | 11.8% | 17.0% | 22.3% | −0.7% | −35.2% |
| Cash conversion (CFO ÷ net income) | 1.42x | 2.02x | 1.78x | 1.67x | 1.87x |
| Receivable days | 51 | 51 | 54 | 54 | 56 |
| Interest cover | 3.97x | 3.74x | 4.37x | 4.94x | 4.48x |
| Debt ÷ equity | – | 84.3x | 9.98x | 4.53x | 3.05x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$17.6B | $80.7B | $76.4B | $81.8B | $98.3B |
| Current ratio | 1.62x | 0.91x | 0.72x | 0.75x | 1.12x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.