Cloud and software
Cloud services (applications and Oracle Cloud Infrastructure), software licenses and software support. The fiscal 2026 10-K renamed this business from "cloud and license."
Stock research
Oracle Corporation (ORCL) Stock Research
Oracle runs one of the world's most widely used database platforms and has pivoted aggressively into cloud infrastructure and applications.
For the fiscal year ended May 31, 2026, Oracle Corporation reported revenue of $67.4B and net income of $17.0B, with operating cash flow of $32.0B. Source: Form 10-K filed June 22, 2026
Reviewed · SEC data as of
- Revenue
- $67.4B
- FY ending 2026-05-31
- Net income
- $17.0B
- FY ending 2026-05-31
- Diluted EPS
- $5.83
- Net margin
- 25.2%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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How Oracle makes money
Its cloud regions have become a favored home for large AI training workloads.
Hardware
Oracle engineered systems, servers and storage, plus related hardware support.
Services
Consulting, advanced customer services and education that help customers deploy Oracle technology.
- Exchange
- NYSE: ORCL
- Sector
- Information Technology
- SEC industry
- Services-Prepackaged Software (SIC 7372)
- Fiscal year end
- May 31
- Headquarters
- Austin, Texas
- Founded
- 1977
ORCL key financials
Reported figures from Oracle Corporation's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $67.4B | 2025-06-01 – 2026-05-31 | SEC filing |
| Net income | $17.0B | 2025-06-01 – 2026-05-31 | SEC filing |
| Operating cash flow | $32.0B | 2025-06-01 – 2026-05-31 | SEC filing |
| Diluted EPS | $5.83 | 2025-06-01 – 2026-05-31 | SEC filing |
| Net margin | 25.2% | 2025-06-01 – 2026-05-31 | SEC filing |
| Shares outstanding | 2.87B | As of 2025-12-05 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in ORCL
For Oracle Corporation, the most important recurring operating and market variables are:
- ◆Oracle Cloud Infrastructure capacity additions and data-center build-out
- ◆Migration of software support customers to cloud applications and infrastructure
- ◆Renewal of software support contracts on the installed license base
- ◆Capital spending and borrowing to fund data-center expansion
- ◆Size and duration of large cloud infrastructure contracts
Key questions for the ORCL thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
How fast is the mix shifting toward cloud infrastructure?
Cloud revenues were 51% of total revenue in fiscal 2026, up from 43% and 37% in the two prior years, and cloud infrastructure rose to 53% of cloud revenue from 42% and 35%. Infrastructure is more capital-intensive than applications and support, so the shift changes Oracle's margin and capital profile, not only its growth rate.
How durable is the support base?
Oracle says substantially all license customers buy software support and substantially all renew it. Support customers that moved to Oracle Cloud over three years added $5.4 billion of annualized cloud revenue, so check whether migrations add revenue or relabel existing support.
How is the data-center build-out financed?
The fiscal 2026 10-K describes expanding existing data-center capacity and adding new locations, and its financing disclosures list new senior notes, term loans, a revolving credit agreement, commercial paper, an at-the-market equity program and mandatory convertible preferred stock. Compare operating cash flow with capital expenditures and scheduled debt maturities in the liquidity section.
Does ORCL's reported profit turn into cash?
Operating cash flow was $32.0B, 1.88 times net income of $17.0B, for the fiscal year ended May 31, 2026.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of ORCL's revenue is left as profit?
Net income was 25.2% of revenue for the fiscal year ended May 31, 2026, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
When does Oracle Corporation's fiscal year end?
The SEC lists Oracle Corporation's fiscal year end as May 31, not December 31. The latest annual figures here run from June 1, 2025 to May 31, 2026.
Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.
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Read the full researchORCL primary sources
- Latest annual report: Form 10-K filed June 22, 2026
- Latest quarterly report: Form 10-Q filed September 11, 2026
- Oracle investor relations
- Oracle filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in ORCL
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Sheldon Whitehouse | 2026-05-07 | Sale | Self | $15,001 - $50,000 | Filing #4aa0094d-d9da-4a05-aa13-6d9f5d376105 |
| Alan Armstrong | 2026-03-27 | Purchase | Self | $15,001 - $50,000 | Filing #fda235b3-bad7-4637-8fa1-053f354d929c |
| Jared Moskowitz | 2026-03-23 | Sale | Dependent | $1,001 - $15,000 | Filing #20034274 |
| Jared Moskowitz | 2026-03-23 | Sale | Dependent | $1,001 - $15,000 | Filing #20034274 |
| Jared Moskowitz | 2026-03-23 | Sale | Self | $15,001 - $50,000 | Filing #20034274 |
| Gilbert Cisneros | 2026-02-24 | Sale | Self | $1,001 - $15,000 | Filing #20034144 |
| Gilbert Cisneros | 2026-01-30 | Purchase | Self | $1,001 - $15,000 | Filing #20033983 |
| Gilbert Cisneros | 2025-12-24 | Sale | Self | $1,001 - $15,000 | Filing #20033762 |
| Gilbert Cisneros | 2025-12-19 | Sale | Self | $1,001 - $15,000 | Filing #20033762 |
| Gilbert Cisneros | 2025-11-18 | Purchase | Self | $1,001 - $15,000 | Filing #20033619 |
All verified ORCL congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare ORCL with similar companies
Oracle peers
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ORCL — frequently asked questions
What does Oracle Corporation do?
Oracle runs one of the world's most widely used database platforms and has pivoted aggressively into cloud infrastructure and applications. Its filings describe these business lines: Cloud and software, Hardware, Services.
What were ORCL's latest reported annual revenue and net income?
For the fiscal year ended May 31, 2026, Oracle Corporation reported revenue of $67.4B and net income of $17.0B, with operating cash flow of $32.0B. The figures come from Oracle Corporation's SEC XBRL filings.
When does Oracle Corporation's fiscal year end?
The SEC lists Oracle Corporation's fiscal year end as May 31.
Do members of Congress trade ORCL?
The current verified House and Senate snapshot contains 48 transaction rows for ORCL, each linked to the original filing.
Where is Oracle Corporation headquartered?
Oracle Corporation is headquartered in Austin, Texas and was founded in 1977.
Is ORCL a good investment?
This page does not rate ORCL as a buy or sell. It sets out what Oracle Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the ORCL numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
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