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ORCLOracle Corporation

Technology · Software · NYSE

Oracle provides products and services that build, run and support enterprise information technology (IT) frameworks. 10-K, Item 1

Employees
141,000
Headquarters
Austin, TX
CEO
Safra Catz
Next results
around Dec 9, 2026
Compare with peers → Embed
All key numbers (41, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)6.38Sales (ttm)71.8BNet income (ttm)18.9BSales growth+17.3%EPS growth+34.3%Sales Q/Q+29.6%
Free cash flow-28.7BGross margin-Oper. margin32.1%Net margin26.4%FCF margin-40.0%ROE28.3%
ROA6.2%R&D / sales15.3%Dividend2.00Debt/Eq1.88Curr. ratio1.17Cash36.4B
Op. cash flow (ttm)46.9BEBITDA28.2BEBITDA margin41.9%Net debt89.0BQuick ratio1.16Interest cover4.48
ROIC7.7%Payout ratio34.3%Tax rate28.4%Stock pay / sales7.1%Shares out.3.0BShares Y/Y+1.7%
Book / share22.08Cash / share12.03Sales / share23.74Asset turnover0.24Days sales out.56Sales 3Y CAGR+10.5%
Sales 5Y CAGR+10.7%EPS 3Y CAGR+23.8%EPS 5Y CAGR+5.1%Employees141,000Sales / employee509K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025
  • Debt rose 40%$92.6B → $129.5B · Short-term + long-term debt at year end
  • Revenue growth sped up to +17.3%+8.4% → +17.3% · Revenue FY2026 / revenue FY2025 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

ORCL against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
ORCLPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+17.3%31st of 75 · median +14.1%
Net margin
26.4%26th of 75 · median 19.1%
Return on equity
28.3%28th of 69 · median 23.9%
Free cash flow margin
-40.0%71st of 71 · median 22.3%
Debt / equity (less is better)
1.8856th of 61 · median 0.46
ORCL and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
ORCL Oracle Corporation$71.8B +17.3%-26.4%28.3%-40.0%1.88
ACN Accenture$74.2B +6.5%32.0%11.3%26.5%15.7%0.32
IBM IBM$69.9B +7.6%58.0%16.0%31.4%21.0%1.99
CSCO Cisco$63.3B +11.8%64.5%21.0%26.4%20.2%0.59
INTC Intel$59.9B -0.5%39.9%-20.1%-10.5%6.3%0.44
HPQ HP Inc.$59.2B +3.2%19.9%4.1%-6.6%-

Profitability

3 of 3
  • ✓
    Net margin above the peer median26.4% vs 19.1%
  • ✓
    Return on equity above 15%28.3%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 25.0% → 25.4%

Balance sheet

1 of 3
  • !
    Interest covered less than 5 timesOperating income is 4.5× interest expense
  • !
    Debt larger than equityDebt / equity 1.88 on the latest balance sheet (peer median 0.46)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.17
Debt / equity at each year end, FY2017 to FY2026: 1.08 → 3.05
What the debt is made of ↓

Cash and shareholders

3 of 4
  • !
    Free cash flow positive in 8 of 10 years−$23.7B last year
  • ✓
    Share count down over 5 years−3.6%
  • ✓
    Dividend per share up over 5 years$1.04 → $2.00
  • ✓
    Cash from operations above net income$32.0B vs $17.1B
Free cash flow, FY2017 to FY2026: 12.1B → -23.7B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Aug 31, 2026 · schedule of May 31, 2026
Debt: $125.3B Debt$125.3B Long-term debt: $117.7B · 90% Long-term debt$117.7B · 90% Short-term debt: $7.2B · 6% Short-term debt$7.2B · 6% Next 12 months: $7.2B · 6% Next 12 months$7.2B · 6% Year 2: $10.1B · 8% Year 2$10.1B · 8% Year 3: $5.5B · 4% Year 3$5.5B · 4% Year 4: $7.2B · 6% Year 4$7.2B · 6% Year 5: $9.8B · 7% Year 5$9.8B · 7% After year 5: $90.2B · 69% After year 5$90.2B · 69%

The debt note's own lines, 2026-05-31

Fixed rate $113.5BFloating $1.0B Not stated $13.5B

Line, as the company names itKindRateFixed or floatingAmount
Senior Notes and Other Long Term BorrowingsTotal of the lines–not stated$128.1B
Fixed-Rate Senior Notes Due February 2056Notes and bonds6.70–6.74%fixed$5.0B
Fixed Rate Senior Notes Due February 2036Notes and bonds5.70–5.78%fixed$5.0B
Fixed-Rate Senior Notes Due April 2050Notes and bonds3.60–3.64%fixed$4.5B
Fixed-rate Senior Notes Due September 2035Notes and bonds5.20–5.25%fixed$4.0B
Fixed-rate Senior Notes Due September 2055Notes and bonds5.95–6.05%fixed$3.5B
Fixed-Rate Senior Notes Due April 2060Notes and bonds3.85–3.89%fixed$3.5B
Fixed Rate Senior Notes Due February 2031Notes and bonds4.95–5.08%fixed$3.5B
Fixed Rate Senior Notes Due April 2030Notes and bonds2.95–3.00%fixed$3.2B
Fixed-Rate Senior Notes Due March 2031Notes and bonds2.88–2.92%fixed$3.2B
Fixed-Rate Senior Notes Due March 2051Notes and bonds3.95–3.98%fixed$3.2B
Fixed-Rate Senior Notes Due February 2029Notes and bonds4.55–4.74%fixed$3.0B
Fixed-rate Senior Notes Due September 2032Notes and bonds4.80–4.87%fixed$3.0B
Fixed-Rate Senior Notes Due April 2040Notes and bonds3.60–3.64%fixed$3.0B
Fixed-Rate Senior Notes Due July 2026Notes and bonds2.65–2.73%fixed$3.0B
Fixed-Rate Senior Notes Due July 2046Notes and bonds4.00–4.03%fixed$3.0B
Fixed Rate Senior Notes Due May 2033Notes and bonds5.35–5.42%fixed$3.0B
Fixed Rate Senior Notes Due September 2030Notes and bonds4.45–4.55%fixed$3.0B
Fixed-Rate Senior Notes Due February 2066Notes and bonds6.85–6.89%fixed$2.8B
Fixed-Rate Senior Notes Due March 2026Notes and bonds1.65%fixed$2.8B
Fixed-Rate Senior Notes Due November 2027Notes and bonds3.25–3.29%fixed$2.8B
Fixed-Rate Senior Notes Due November 2052Notes and bonds6.90–6.94%fixed$2.5B
Fixed Rate Senior Notes Due September 2045Notes and bonds5.88–5.91%fixed$2.5B
Fixed-Rate Senior Notes Due April 2027Notes and bonds2.80–2.87%fixed$2.2B
Fixed Rate Senior Notes Due February 2046Notes and bonds6.55–6.59%fixed$2.2B
Fixed-Rate Senior Notes Due February 2053Notes and bonds5.55–5.62%fixed$2.2B
Fixed-Rate senior notes due July 2040Notes and bonds5.38–5.45%fixed$2.2B
Fixed-Rate Senior Notes Due March 2041Notes and bonds3.65–3.72%fixed$2.2B
Fixed-Rate Senior Notes Due November 2032Notes and bonds6.25–6.32%fixed$2.2B
Fixed-Rate Senior Notes Due November 2047Notes and bonds4.00–4.05%fixed$2.2B
Fixed-rate Senior Notes Due September 2065Notes and bonds6.10–6.17%fixed$2.0B
Fixed Rate Senior Notes Due March 2028Notes and bonds2.30–2.36%fixed$2.0B
Fixed-Rate Senior Notes Due May 2045Notes and bonds4.12–4.20%fixed$2.0B
5.50% senior note due August 2035Notes and bonds5.50–5.55%not stated$1.8B
6.00% senior note due August 2055Notes and bonds6.00–6.04%not stated$1.8B
4.70%, senior note due September 2034Notes and bonds4.70–4.77%not stated$1.8B
5.375% senior note due September 2054Notes and bonds5.38–5.43%not stated$1.8B
Fixed-Rate Senior Notes Due July 2034Notes and bonds4.30%fixed$1.8B
Fixed-Rate Senior Notes Due November 2037Notes and bonds3.80–3.86%fixed$1.8B
4.80%, senior note due August 2028Notes and bonds4.80–4.94%not stated$1.5B
4.20%, senior note due September 2029Notes and bonds4.20–4.27%not stated$1.5B
Fixed-Rate Senior Notes Due February 2033Notes and bonds4.90–4.95%fixed$1.5B
Fixed-Rate Senior Notes Due March 2061Notes and bonds4.10–4.13%fixed$1.5B
5.25%, senior note due February 2032Notes and bonds5.25–5.36%not stated$1.2B
5.50% senior note due September 2064Notes and bonds5.50–5.55%not stated$1.2B
Fixed-Rate Senior Notes Due April 2038Notes and bonds6.50–6.51%fixed$1.2B
Fixed-Rate Senior Notes Due July 2036Notes and bonds3.85–3.89%fixed$1.2B
Fixed-Rate Senior Notes Due July 2039 [MemberNotes and bonds6.12–6.17%fixed$1.2B
Fixed-Rate Senior Notes Due May 2035Notes and bonds3.90–4.00%fixed$1.2B
Fixed-Rate Senior Notes Due May 2055Notes and bonds4.38–4.44%fixed$1.2B
Fixed-Rate Senior Notes Due November 2029Notes and bonds6.15–6.21%fixed$1.2B
6.125% senior note due August 2065Notes and bonds6.12–6.17%not stated$1.0B
Fixed-Rate Senior Notes Due July 2044Notes and bonds4.50%fixed$1.0B
Fixed-Rate Senior Notes Due November 2025Notes and bonds5.80%fixed$1.0B
Fixed-Rate Senior Notes Due July 2025Notes and bonds3.12%fixed$750.0M
Fixed-Rate Senior Notes Due May 2028Notes and bonds4.50–4.60%fixed$750.0M
Fixed-Rate Senior Notes Due May 2030Notes and bonds4.65–4.75%fixed$750.0M
Fixed-Rate Senior Notes Due May 2030Notes and bonds3.25–3.35%fixed$500.0M
Floating-rate senior notes due August 2028Notes and bonds0.76–4.43%floating$500.0M
Floating-Rate Senior Notes Due February 2029Notes and bonds1.11–4.78%floating$500.0M
All 60 lines

From the debt note in the 10-K's XBRL (0001193125-26-277521), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2026

Revenue 67.4B Net income 17.1B
FY2017 revenue 37.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-19-023119 FY2017 net income 9.5B · NetIncomeLoss, 0001564590-19-023119 37.8B FY2017 FY2018 revenue 39.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-20-030125 FY2018 net income 3.6B · NetIncomeLoss, 0001564590-20-030125 39.4B FY2018 FY2019 revenue 39.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-21-033616 FY2019 net income 11.1B · NetIncomeLoss, 0001564590-21-033616 39.5B FY2019 FY2020 revenue 39.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001564590-22-023675 FY2020 net income 10.1B · NetIncomeLoss, 0001564590-22-023675 39.1B FY2020 FY2021 revenue 40.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950170-23-028914 FY2021 net income 13.7B · NetIncomeLoss, 0000950170-23-028914 40.5B FY2021 FY2022 revenue 42.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950170-24-075605 FY2022 net income 6.7B · NetIncomeLoss, 0000950170-24-075605 42.4B FY2022 FY2023 revenue 50.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000950170-25-087926 FY2023 net income 8.5B · NetIncomeLoss, 0000950170-25-087926 50.0B FY2023 FY2024 revenue 53.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-26-277521 FY2024 net income 10.5B · NetIncomeLoss, 0001193125-26-277521 53.0B FY2024 FY2025 revenue 57.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-26-277521 FY2025 net income 12.4B · NetIncomeLoss, 0001193125-26-277521 57.4B FY2025 FY2026 revenue 67.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001193125-26-277521 FY2026 net income 17.1B · NetIncomeLoss, 0001193125-26-277521 67.4B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $67.4B of revenue came from

by segment, year to May 31, 2026
  • Cloud And Software Business $58.5B · 87%
  • Services Business $5.7B · 9%
  • Hardware Business $3.1B · 5%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

ORCL's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Revenue67.4B
FY2017: 37.8BFY2018: 39.4BFY2019: 39.5BFY2020: 39.1BFY2021: 40.5BFY2022: 42.4BFY2023: 50.0BFY2024: 53.0BFY2025: 57.4BFY2026: 67.4B FY2018FY2020FY2022FY2024FY2026
Net income17.1B
FY2017: 9.5BFY2018: 3.6BFY2019: 11.1BFY2020: 10.1BFY2021: 13.7BFY2022: 6.7BFY2023: 8.5BFY2024: 10.5BFY2025: 12.4BFY2026: 17.1B FY2018FY2020FY2022FY2024FY2026
Free cash flow-23.7B
FY2017: 12.1BFY2018: 13.7BFY2019: 12.9BFY2020: 11.6BFY2021: 13.8BFY2022: 5.0BFY2023: 8.5BFY2024: 11.8BFY2025: -394.0MFY2026: -23.7B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)5.83
FY2017: 2.24FY2018: 0.85FY2019: 2.97FY2020: 3.08FY2021: 4.55FY2022: 2.41FY2023: 3.07FY2024: 3.71FY2025: 4.34FY2026: 5.83 FY2018FY2020FY2022FY2024FY2026
Dividend per share2.00
FY2017: 0.64FY2018: 0.76FY2019: 0.81FY2020: 0.96FY2021: 1.04FY2022: 1.28FY2023: 1.36FY2024: 1.60FY2025: 1.70FY2026: 2.00 FY2018FY2020FY2022FY2024FY2026
Diluted shares2.9B
FY2017: 4.2BFY2018: 4.2BFY2019: 3.7BFY2020: 3.3BFY2021: 3.0BFY2022: 2.8BFY2023: 2.8BFY2024: 2.8BFY2025: 2.9BFY2026: 2.9B FY2018FY2020FY2022FY2024FY2026

The segments changed

10-K filed 2026-06-22

Compared with the 10-K of Jun 18, 2025: new segment Cloud And Software Business; no longer reported: Cloud And License Business.

When a company changes its segments, the years before are usually recast, so growth by segment is not comparable with what earlier 10-Ks showed. Found by comparing the segments with revenue in the last two 10-Ks (XBRL) and by the 10-K's own words, without AI.

Revenue by business segment

year to May 31, 2026
RevenueSharevs year before
Cloud And Software Business 58.5B86.9% +18.9%
Services Business 5.7B8.5% +9.7%
Hardware Business 3.1B4.6% +5.0%

10-K 0001193125-26-277521, segment and revenue notes (XBRL).

Revenue by product or service

year to May 31, 2026
RevenueSharevs year before
Cloud Revenues 34.0B50.5% +38.7%
Software Revenues 24.5B36.4% -0.7%
Software Support 19.8B29.4% +1.4%
Cloud Infrastructure 18.1B26.9% +76.9%
Cloud Applications 15.9B23.6% +11.3%
Software License 4.7B7.0% -8.9%

10-K 0001193125-26-277521, segment and revenue notes (XBRL).

Revenue by region

year to May 31, 2026
RevenueSharevs year before
Americas 44.5B66.0% +22.4%
U.S. 39.8B59.1% +24.2%
Other countries 20.8B30.9% +8.8%
EMEA 15.3B22.7% +9.1%
Asia Pacific 7.6B11.3% +7.8%
United Kingdom 2.8B4.2% +8.6%
Germany 2.0B3.0% +9.7%
Japan 1.9B2.8% +6.3%

10-K 0001193125-26-277521, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue37.8B39.4B39.5B39.1B40.5B42.4B50.0B53.0B57.4B67.4B
Cost of revenue2.8B2.9B--------
Gross profit23.0B24.3B--------
R&D6.2B6.1B6.0B6.1B6.5B7.2B8.6B8.9B9.9B10.3B
SG&A1.2B1.3B1.3B1.2B1.3B1.3B1.6B1.5B1.6B1.6B
Operating income12.9B13.3B13.5B13.9B15.2B10.9B13.1B15.4B17.7B20.6B
Interest expense1.8B2.0B2.1B2.0B2.5B2.8B3.5B3.5B3.6B4.6B
Pretax income11.5B12.9B3.8B3.9B4.4B-629.0M1.5B3.0B4.4B8.7B
Income tax2.2B8.8B1.2B1.9B-747.0M932.0M623.0M1.3B1.7B2.5B
Net income9.5B3.6B11.1B10.1B13.7B6.7B8.5B10.5B12.4B17.1B
EPS (diluted)2.240.852.973.084.552.413.073.714.345.83
Diluted shares4.2B4.2B3.7B3.3B3.0B2.8B2.8B2.8B2.9B2.9B
Depreciation & amortization1.0B1.2B1.2B1.4B1.5B2.0B2.5B3.1B3.9B7.6B
EBITDA13.9B14.4B14.8B15.3B16.8B12.9B15.6B18.5B21.5B28.2B
Gross margin60.9%61.7%--------
Operating margin34.2%33.7%34.3%35.6%37.6%25.7%26.2%29.0%30.8%30.6%
Net margin25.0%9.1%28.1%25.9%34.0%15.8%17.0%19.8%21.7%25.4%
Revenue growth-+4.2%+0.3%-1.1%+3.6%+4.8%+17.7%+6.0%+8.4%+17.3%
EPS growth--62.1%+249%+3.7%+47.7%-47.0%+27.4%+20.8%+17.0%+34.3%

Cash flow

From EDGAR

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)1.4B1.6B1.7B1.6B1.8B2.6B3.5B4.0B4.7B4.8B
Stock-based pay / revenue3.6%4.1%4.2%4.1%4.5%6.2%7.1%7.5%8.1%7.1%
Operating lease cost---599.0M654.0M766.0M883.0M1.2B1.7B2.8B
Operating lease cash paid---663.0M696.0M808.0M894.0M1.2B1.7B2.5B
Finance lease principal paid--------27.0M-
Right-of-use assets---2.0B2.6B3.5B4.6B7.3B13.1B29.7B
Operating lease liabilities---2.1B2.8B3.7B4.8B7.5B13.4B30.2B
Finance lease liabilities-------02.9B7.7B

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on ORCL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ORCL/export.csv") into a cell.