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Oracle (ORCL) financial statements: income, balance sheet and cash flow

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) reported revenue of USD 19.3 billion and net income of USD 4.76 billion for Q1 FY2027, the quarter ended 31 Aug 2026. Capital expenditure of USD 28.5 billion exceeded cash from operations of USD 23.1 billion, which the 10-Q says includes customer prepayments. Free cash flow, their difference, was negative USD 5.40 billion by our calculation.

Data as of Source: Form 10-Q for Q1 FY2027, filed

Key facts

Data as of

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

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
Operating income, TTM (USD bn)
23.1
TTM to · derived
Net income, TTM (USD bn)
18.9
TTM to · derived
Free cash flow, TTM (USD bn)
−28.7
TTM to · derived
Total assets (USD bn)
303
at · Form 10-Q
Net debt (USD bn)
88.3
at · derived: total debt minus cash and short-term investments

What the numbers show

In Q1 FY2027, the quarter ended 31 Aug 2026, Oracle's income statement shows operating income of USD 6.73 billion on revenue of USD 19.3 billion. Net interest, interest expense less interest income, was a cost of USD 1.12 billion by our calculation, against USD 820 million in Q1 FY2026. The 10-Q attributes the higher interest expense mainly to higher average borrowings from FY2026 senior notes. Net income was 24.6% of revenue, against 19.6% a year earlier, our calculation.

From FY2022 to FY2026, operating income grew at a compound annual rate of 17.2% and revenue at 12.2%, our calculations; the span includes Cerner, acquired in June 2022 (FY2023). SG&A (sales and marketing plus general and administrative) grew 1.5% a year on the same basis, and operating margin was 30.6% in FY2026, our calculation. Net income grew at 26.3% a year, our calculation. The 10-Q for Q2 FY2026 says non-operating income rose mainly on a gain from selling Oracle's investments in Ampere; net margin that quarter was 38.2%, our calculation.

On Oracle's balance sheet, property, plant and equipment (PP&E) rose from USD 9.72 billion at 31 May 2022 to USD 128 billion at 31 Aug 2026. In the quarterly table it rose at every quarter-end from USD 26.4 billion at 30 Nov 2024 through 31 Aug 2026. Total assets went from USD 109 billion to USD 303 billion over the same dates.

Oracle Corporation stockholders' equity, which excludes noncontrolling interests, went from negative USD 6.22 billion at 31 May 2022 to USD 66.8 billion at 31 Aug 2026. It was USD 42.5 billion three months earlier. The Q1 FY2027 10-Q shows proceeds that quarter from new shares sold into the market through an at-the-market program. Total liabilities were USD 236 billion and total debt USD 125 billion (notes payable and other borrowings), our calculations. The Oracle stock fundamentals page explains how that debt and the net debt position changed over the past year.

In the cash flow statement, quarterly capital expenditure went from USD 3.97 billion in Q2 FY2025 to USD 28.5 billion in Q1 FY2027. Free cash flow, always our calculation, was negative in 7 of those 8 quarters. Cash from operations rose to USD 23.1 billion in Q1 FY2027, from USD 8.14 billion a year earlier. The 10-Q says the rise is partly due to working-capital changes that include customer prepayments with a significant financing component, received in Q1 FY2027 but not in Q1 FY2026. Only the Q1 cash from operations and capital expenditure cells come straight from a 10-Q; other quarters, marked D, are derived from year-to-date totals.

Diluted EPS was USD 1.56 per share in Q1 FY2027, against USD 1.01 per share in Q1 FY2026. The diluted share count rose from 2,909 million shares to 3,000 million shares. From FY2022 to FY2026, diluted EPS grew 24.7% a year by our calculation, against 26.3% for net income.

Income statement

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

Annual

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Table 1 Oracle income statement, annual, FY2022–FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends 31 May
USD mFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended CAGRFY22–FY26
Revenue67,35757,39952,96149,95442,440increased 12.2%
Revenue YoY %increased 17.3%increased 8.4%increased 6.0%increased 17.7%increased 4.8%not available
R&D10,2729,8608,9158,6237,219increased 9.2%
SG&A9,949 D10,253 D9,822 D10,412 D9,364 Dincreased 1.5%
Operating income20,60617,67815,35313,09310,926increased 17.2%
Operating margin %30.6%30.8%29.0%26.2%25.7%not available
Net interest−3,819 D−3,000 D−3,063 D−3,220 D−2,661 Dn/m
Pre-tax income19,554 D14,160 D11,741 D9,126 D7,649 Dincreased 26.4%
Income tax2,4671,7171,274623932increased 27.6%
Net income17,08712,44310,4678,5036,717increased 26.3%
Net margin %25.4%21.7%19.8%17.0%15.8%not available
Per share
Diluted EPS (USD)5.834.343.713.072.41increased 24.7%
Diluted shares (m)2,9142,8662,8232,7662,786not available
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Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Combined from line items reported in the same filing (see Methodology).
  • D Net interest = interest income − interest expense, both from the same filing.
  • D Combined from line items reported in the same filing (see Methodology).
  • Not available
  • Not meaningful

CAGR: compound annual growth rate from FY2022 to FY2026, our calculation; n/m when the endpoints differ in sign or the base is zero or negative.

Totals may not add up because of rounding.

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

Quarterly

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Table 2 Oracle income statement, quarterly, 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%
R&D2,4012,614 D2,6072,5612,4912,654 D2,4292,471
SG&A2,187 D2,512 D2,441 D2,558 D2,439 D2,773 D2,509 D2,577 D
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 interest−1,122 D−1,150 D−984 D−865 D−820 D−818 D−757 D−717 D
Income tax8471,065 D695207500725 D512239
Net income4,7604,304 D3,7216,1352,9273,427 D2,9363,151
Net margin %24.6%22.4%21.6%38.2%19.6%21.5%20.8%22.4%
Per share
Diluted EPS (USD)1.56not available1.272.101.01not available1.021.10
Diluted shares (m)3,000not available2,9122,9222,909not available2,8742,869
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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.
  • D Combined from line items reported in the same filing (see Methodology).
  • D Net interest = interest income − interest expense, both from the same filing.
  • Not available

Totals may not add up because of rounding.

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

Balance sheet

Annual

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Table 3 Oracle assets, annual, FY2022–FY2026 (USD millions) USD millions
USD mFY2026at FY2025at FY2024at FY2023at FY2022at
Cash and short-term investments31,894 D11,203 D10,661 D10,187 D21,902 D
Receivables10,3858,5587,8746,9155,953
Inventorynot available303334298314
Total current assets46,56724,57922,55421,00431,633
PP&E (net)99,95743,52221,53617,0699,716
Goodwill and intangibles62,261 D62,207 D62,230 D62,261 D43,811 D
Total assets261,759168,361140,976134,384109,297
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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 Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
  • Not available

Totals may not add up because of rounding.

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Table 4 Oracle liabilities and shareholders' equity, annual, FY2022–FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mFY2026at FY2025at FY2024at FY2023at FY2022at
Current liabilities41,76432,64331,54423,09019,511
Total debt129,541 D92,568 D86,869 D90,481 D75,859 D
Total liabilities218,703 D147,392 D131,737 D132,828 D115,065 D
Shareholders' equity42,50820,4518,7041,073−6,220
Net debt / (net cash)97,647 D81,365 D76,208 D80,294 D53,957 D
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Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Total liabilities = total liabilities and equity − total equity, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Quarterly

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Table 5 Oracle assets, quarterly, Q2 FY2025–Q1 FY2027 (USD millions) USD millions
USD mQ1 FY2027at Q4 FY2026at Q3 FY2026at Q2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at
Cash and short-term investments37,077 D31,894 D39,132 D19,766 D11,005 D11,203 D17,823 D11,311 D
Receivables11,39410,38510,7199,4408,8438,5588,0518,177
Inventorynot availablenot availablenot availablenot availablenot available303not availablenot available
Total current assets55,63046,56754,87434,36624,63424,57930,11623,503
PP&E (net)127,84599,95783,61767,87553,19443,52231,97026,432
Goodwill and intangibles62,267 D62,261 D62,274 D62,207 D62,211 D62,207 D62,171 D62,204 D
Total assets303,259261,759245,240204,984180,449168,361161,378148,483
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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 Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
  • Not available

Totals may not add up because of rounding.

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Table 6 Oracle liabilities and shareholders' equity, quarterly, Q2 FY2025–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 Q4 FY2025at Q3 FY2025at Q2 FY2025at
Current liabilities47,51441,76440,73737,79539,87432,64329,62329,052
Total debt125,337 D129,541 D134,605 D108,075 D91,315 D92,568 D96,276 D88,624 D
Total liabilities236,063 D218,703 D206,189 D174,527 D155,783 D147,392 D144,117 D134,247 D
Shareholders' equity66,77242,50838,49529,95124,15420,45116,73013,746
Net debt / (net cash)88,260 D97,647 D95,473 D88,309 D80,310 D81,365 D78,453 D77,313 D
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Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Total liabilities = total liabilities and equity − total equity, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Cash flow

Chart 2

Oracle quarterly free cash flow, Q2 FY2025 to Q1 FY2027

USD bn · quarters ended to

Free cash flow by quarter, from USD −2.67 bn in Q2 FY2025 to USD −5.40 bn in Q1 FY2027.−15−10−505−2.7−2.9−0.4−10.0−11.5−1.9−5.4Q2FY25Q3Q4Q1FY26Q2Q3Q4Q1FY27stockfactsheet.com
Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 7 Oracle cash flow, annual, 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
Cash from investing−51,854−21,711−7,360−36,48411,220
Cash from financing40,2841,098−10,5547,910−29,126
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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.

Quarterly

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Table 8 Oracle cash flow, quarterly, Q2 FY2025–Q1 FY2027 (USD millions) USD millions · outflows shown with a minus sign
USD mQ1 FY2027ended Q4 FY2026ended Q3 FY2026ended Q2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended
Cash from operations23,10314,620 D7,151 D2,066 D8,1406,157 D5,933 D1,304 D
Capital expenditure−28,499−16,493 D−18,635 D−12,033 D−8,502−9,080 D−5,862 D−3,970 D
Free cash flow−5,396 D−1,873 D−11,484 D−9,967 D−362 D−2,923 D71 D−2,666 D
Dividends paid−1,565−1,502 D−1,437 D−1,435 D−1,413−1,403 D−1,119 D−1,118 D
Share buybacksnot available0 D0 D0 D−95−150 D−150 D−150 D
Cash from investing−28,580−15,878 D−19,544 D−7,714 D−8,718−9,182 D−5,976 D−3,788 D
Cash from financing13,111−5,911 D31,498 D14,487 D210−3,814 D6,559 D2,938 D
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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.
  • D Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • D Free cash flow = cash from operations minus capital expenditure.
  • Not available

Totals may not add up because of rounding.

Per share and dividends

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Table 9 Oracle per-share data and dividends, annual, FY2022–FY2026 USD per share, split-adjusted · shares in millions
USDFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended
Basic EPS (USD)5.944.463.823.152.49
Diluted EPS (USD)5.834.343.713.072.41
Dividends paid per share (USD)2.00 11.70 11.60 11.36 11.28 1
Diluted shares (m)2,9142,8662,8232,7662,786
Shares outstanding at year end (m)2,8802,8072,7552,7132,665
FCF cover (×)n/mn/m2.7×2.3×1.5×
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Source: Oracle Forms 10-Q and 10-K, SEC EDGAR Data as of

  • Not meaningful

1 Dividends paid per share, used where dividends declared per share are not reported.

Notes on these figures

  • R Restated
    • None in the periods shown.
  • D Derived by StockFactsheet
    • Combined from line items reported in the same filing (see Methodology).
    • Net interest = interest income − interest expense, both from the same filing.
    • Combined from line items reported in the same filing (see Methodology).
    • Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
    • Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
    • Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
    • Total debt = short-term debt + long-term debt, from the same filing.
    • Total liabilities = total liabilities and equity − total equity, from the same filing.
    • Net debt = total debt minus cash and short-term investments; a negative value is net cash.
    • Free cash flow = cash from operations minus capital expenditure.
    • Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • Template: standard statement set (not bank or insurer).
  • Arrows show direction of change only, not whether a change is good or bad.

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 FY2025 to Q1 FY2027) and 10-K (FY2022 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. CAGR = compound annual growth across the annual table.
Restatements
None in the periods shown.
Comparator
None: this page shows the company's own figures only.
Currency
As reported (USD); no FX conversion.
Read the full methodology

CSV downloads

One file per statement, with the annual and quarterly figures on this page in full units.

Sources and data

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

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  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] 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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StockFactsheet (2026). "Oracle (ORCL) financial statements: income, balance sheet and cash flow." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/orcl/financials/

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