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Oracle (NYSE: ORCL) stock fundamentals

NYSE: ORCL · Information technology · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Oracle (NYSE: ORCL), whose fiscal year ends on 31 May, provides cloud and software, hardware and services for enterprise IT. Its Form 10-K shows FY2026 revenue of USD 67.4 billion; capital expenditure of USD 55.7 billion left free cash flow negative at USD 23.7 billion, by our calculation. Its Form 10-Q shows Q1 FY2027 revenue of USD 19.3 billion.

Data as of Source: Form 10-K for FY2026 and Form 10-Q for Q1 FY2027

Key facts

Data as of

Oracle (NYSE: ORCL) · USD · fiscal year ends 31 May · figures from SEC filings; derived values are marked.

Revenue (USD bn)
67.4
FY2026 (ended ) · Form 10-K
Revenue, TTM (USD bn)
71.8
TTM to · derived
Revenue by quarter, from USD 14.1 bn in Q2 FY2025 to USD 19.3 bn in Q1 FY2027
Net income attributable to shareholders (USD bn)
17.1
FY2026 (ended ) · Form 10-K
Operating margin
30.6%
FY2026 (ended ) · derived
Free cash flow (USD bn)
−23.7
FY2026 (ended ) · derived
Net debt (USD bn)
88.3
at · derived: total debt minus cash and short-term investments
Dividend paid per share (USD)
2.00
FY2026 (ended ) · Form 10-K
Shares outstanding (bn)
3.02
at · Form 10-Q cover page

Fundamentals profile

vs Oracle's own FY2022–FY2026 range (fewer than 5 covered peers) · TTM to Q1 FY2027 · Data as of

Each row places Oracle's value against its own FY2022–FY2026 range. It describes; it does not rate. There is no overall score. How we calculate this

Oracle fundamentals profile compared with its own FY2022–FY2026 range. Each row names its period; values are percentages, multiples or years.
DimensionMetricOracleOwn 5-year medianPositionRange
GrowthRevenue, 3-year CAGR to FY202610.5%Own 5-year median 9.4%Near its 5-year median
Lower (2.4%) Higher (10.6%)
MarginsOperating margin (TTM to Q1 FY2027)32.1%Own 5-year median 29.0%Above its 5-year median
Lower (25.7%) Higher (30.8%)
LeverageNet debt / EBITDA (TTM to Q1 FY2027; below zero means net cash)2.6×Own 5-year median 3.5×Below its 5-year median
Lower (3.3×) Higher (4.2×)
Cash flowFCF margin (TTM to Q1 FY2027)−40.0%Own 5-year median 11.8%Below its 5-year median
Lower (−35.2%) Higher (22.3%)
Dividend historyConsecutive years of cash dividends, to FY2026Every fiscal year in our data, FY2009 to FY2026, had a dividend; our data starts in FY2009.At least 18Own 5-year median not availablenot availablenot available

Source: Oracle Forms 10-Q and 10-K, SEC EDGAR. Derived by StockFactsheet. Data as of

Compared with Oracle's own FY2022–FY2026 range because fewer than 5 covered peers exist. Descriptive only; not a rating.

How much of Oracle's revenue comes from cloud, and how did it grow through Q1 FY2027?

Oracle's revenue rose 29.6% to USD 19.3 billion in Q1 FY2027, the quarter ended 31 Aug 2026, from USD 14.9 billion in Q1 FY2026. Cloud revenues were 60% of total revenues in Q1 FY2027, against 48% in Q1 FY2026, according to its Form 10-Q.[1]

Chart 1

Oracle quarterly revenue, Q2 FY2025 to Q1 FY2027

USD bn · quarters ended to

Revenue by quarter, from USD 14.1 bn in Q2 FY2025 to USD 19.3 bn in Q1 FY2027.0510152019.3Q2FY25Q3Q4Q1FY26Q2Q3Q4Q1FY27stockfactsheet.com
Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of
Report an error in this table

Swipe for earlier periods

Table 1 Oracle quarterly revenue, margins and profit, Q2 FY2025–Q1 FY2027 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends 31 May
USD mQ1 FY2027ended Q4 FY2026ended Q3 FY2026ended Q2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended
Revenue19,34519,184 D17,19016,05814,92615,903 D14,13014,059
Revenue YoY %increased 29.6%increased 20.6%increased 21.7%increased 14.2%increased 12.2%increased 11.3%increased 6.4%increased 8.6%
Operating income6,7286,133 D5,4644,7314,2775,109 D4,3584,220
Operating margin %34.8%32.0%31.8%29.5%28.7%32.1%30.8%30.0%
Net income attributable to shareholders4,7604,304 D3,7216,1352,9273,427 D2,9363,151
(opens in new tab)

Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Item 1 of Oracle's FY2026 Form 10-K says cloud revenues were 51% of total revenues in FY2026, against 43% in FY2025 and 37% in FY2024.[2] Over the 8 quarters from Q2 FY2025 to Q1 FY2027, year-on-year growth ranged from 6.4% in Q3 FY2025 to 29.6% in Q1 FY2027. The Q1 FY2027 10-Q puts remaining performance obligations, contracted revenue not yet recognised, at USD 664 billion at 31 Aug 2026.[1]

By our calculation, operating margin was 34.8% in Q1 FY2027, against 28.7% in Q1 FY2026. Over the trailing 12 months (TTM) to 31 Aug 2026, it was 32.1%, above the FY2022 to FY2026 range of 25.7% to 30.8%. Operating income for Q1 FY2027 was USD 6.73 billion, and net income was USD 4.76 billion.

The Oracle financial statements page sets out the income statement, balance sheet and cash flow statement by quarter and by fiscal year. For another company in the same sector, see NVIDIA stock fundamentals.

Why was Oracle's free cash flow negative in FY2026, the year ended 31 May 2026?

Oracle's free cash flow was negative in FY2026, the year ended 31 May 2026, at USD 23.7 billion by our calculation. Capital expenditure of USD 55.7 billion was larger than cash from operations of USD 32.0 billion, according to its Form 10-K.[2] Capital expenditure was USD 21.2 billion in FY2025 and USD 4.51 billion in FY2022.

Report an error in this table

Swipe for earlier periods

Table 2 Oracle cash flow, dividends paid and buybacks, FY2022–FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended
Cash from operations31,97720,82118,67317,1659,539
Capital expenditure−55,663−21,215−6,866−8,695−4,511
Free cash flow−23,686 D−394 D11,807 D8,470 D5,028 D
Dividends paid−5,787−4,743−4,391−3,668−3,457
Share buybacks−95−600−1,202−1,300−16,248
(opens in new tab)

Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Oracle's FY2026 10-K says it has expanded the Oracle Cloud by increasing existing data centre capacity and adding data centres in new geographic locations.[2] Capital expenditure was USD 6.87 billion in FY2024, when free cash flow was USD 11.8 billion. Free cash flow turned negative in FY2025, at USD 394 million, the first outflow in the 5 fiscal years from FY2022. Cash from operations rose every year from FY2022 to FY2026, but in FY2025 and FY2026 it was below capital expenditure.

Oracle's dividends paid rose every year, from USD 3.46 billion in FY2022 to USD 5.79 billion in FY2026. The FY2026 amount is dividends paid to stockholders (common and preferred).[2] Buybacks fell every year, from USD 16.2 billion in FY2022 to USD 95 million in FY2026. With free cash flow negative in FY2025 and FY2026, FCF cover, which compares free cash flow with dividends paid, is not meaningful for either year.

How did Oracle's net debt change between 31 Aug 2025 and 31 Aug 2026?

Oracle's net debt was USD 88.3 billion at 31 Aug 2026 by our calculation, against USD 80.3 billion at 31 Aug 2025. It reached USD 97.6 billion at 31 May 2026. Total debt then fell from USD 130 billion to USD 125 billion by 31 Aug 2026, and cash and short-term investments rose to USD 37.1 billion.

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Swipe for earlier periods

Table 3 Oracle cash, debt and net debt, Q1 FY2026–Q1 FY2027 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ1 FY2027at Q4 FY2026at Q3 FY2026at Q2 FY2026at Q1 FY2026at
Cash and short-term investments37,077 D31,894 D39,132 D19,766 D11,005 D
Total debt125,337 D129,541 D134,605 D108,075 D91,315 D
Net debt / (net cash)88,260 D97,647 D95,473 D88,309 D80,310 D
(opens in new tab)

Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Total debt rose from USD 91.3 billion at 31 Aug 2025 to USD 135 billion at 28 Feb 2026. Over the same 2 quarters, cash and short-term investments went from USD 11.0 billion to USD 39.1 billion. Both are our sums of lines tagged in each 10-Q or 10-K, so they carry the D marker, as net debt does. How we calculate net debt lists the lines behind each.

Oracle's cash flow statement for Q1 FY2027 lists USD 19,909 million of proceeds from issuances of common stock via an at-the-market program, net of issuance costs.[1] The same statement lists USD 4,202 million of repayments of senior notes, term loan credit agreements and other borrowings.[1]

By our calculation, net debt to EBITDA for the TTM to 31 Aug 2026 was 2.6×. In the 5 fiscal years from FY2022 to FY2026 it ranged from 3.3× to 4.2×, with a median of 3.5×.

How we got these numbers

Every figure comes from Oracle's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q2 FY2024 to Q1 FY2027) and 10-K (FY2019 to FY2026)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. EBITDA = operating income + depreciation and amortisation (our calculation). Net debt = total debt − cash and short-term investments. CAGR = compound annual growth over three fiscal years.
Restatements
None in the periods shown.
Comparator
Each profile row compares the current value with Oracle's own last five fiscal years, FY2022 to FY2026: the median of those five years and their range, from the lowest to the highest. A current value outside that range is drawn just past the end of the strip. Fewer than 5 covered peers exist, so there is no sector median yet.
Currency
As reported (USD); no FX conversion.
Read the full methodology

Latest filings and disclosures

SEC filings behind Oracle's figures, newest first.

(opens in new tab)
  1. Filing Form 10-Q, quarter ended 31 Aug 2026 sec.gov
  2. Filing Form 10-K, fiscal year ended 31 May 2026 sec.gov
  3. Filing Form 10-Q, quarter ended 28 Feb 2026 sec.gov
  4. Filing Form 10-Q, quarter ended 30 Nov 2025 sec.gov
  5. Filing Form 10-Q, quarter ended 31 Aug 2025 sec.gov
  6. Filing Form 10-K, fiscal year ended 31 May 2025 sec.gov
  7. Filing Form 10-Q, quarter ended 28 Feb 2025 sec.gov
  8. Filing Form 10-Q, quarter ended 30 Nov 2024 sec.gov
All filings on SEC EDGAR

Company identifiers

Data as of
(opens in new tab)
Legal name
Oracle Corporation
Exchange
NYSE
Ticker
ORCL
Sector
Information technology
Country
United States
Fiscal year end
31 May (FY2026 ended 31 May 2026)
Reporting currency
USD
Accounting standard
US GAAP
SEC CIK
0001341439
Latest filing in this page's data
Form 10-Q, quarter ended 31 Aug 2026 · filed

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-Q, quarter ended 31 Aug 2026 Oracle Corporation · · sec.gov
  2. [2] Filing Form 10-K, fiscal year ended 31 May 2026 Oracle Corporation · · sec.gov
  3. [3] Filing Form 10-Q, quarter ended 28 Feb 2026 Oracle Corporation · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 30 Nov 2025 Oracle Corporation · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 31 Aug 2025 Oracle Corporation · · sec.gov
  6. [6] Filing Form 10-K, fiscal year ended 31 May 2025 Oracle Corporation · · sec.gov
  7. [7] Filing Form 10-Q, quarter ended 28 Feb 2025 Oracle Corporation · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 30 Nov 2024 Oracle Corporation · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 31 May 2024 Oracle Corporation · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 31 May 2023 Oracle Corporation · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 31 May 2022 Oracle Corporation · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 31 Aug 2024 Oracle Corporation · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 29 Feb 2024 Oracle Corporation · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 30 Nov 2023 Oracle Corporation · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 31 May 2021 Oracle Corporation · · sec.gov
  16. [16] Filing Form 10-K, fiscal year ended 31 May 2020 Oracle Corporation · · sec.gov
  17. [17] Filing Form 10-K, fiscal year ended 31 May 2019 Oracle Corporation · · sec.gov
  18. [18] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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Cite this page

StockFactsheet (2026). "Oracle (NYSE: ORCL) stock fundamentals." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/orcl/

Not investment advice

For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

Author and editor

OffScriptBySami

Founder and editor, StockFactsheet

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How this page was made
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  3. Automated checks and review steps passed ()
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Update history

  1. Published First published version.