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Oracle Corporation (ORCL) stock

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NYSE: ORCL NYSE Application Software Next results ~December 14, 2026

B Fundamentals grade

Oracle Corporation is a US-listed company in the application software industry. Its financial year ends in May.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$100

Valuation models combined (3)

Base case. Range ~$47–$150. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, justified price-to-book), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Oracle Corporation valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Oracle files

Where Oracle stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $71.8bn, up 21.6% on a year earlier, faster than 17.4% a quarter earlier. Free-cash-flow margin fell to -40.0% from -10.0% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 2 financial-health checks. Our valuation models combined value is $71.41 a share, against a share price of $132.

Source: 10-Q filed September 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 14, 2026 (estimated)

Oracle Corporation's trailing-twelve-month revenue grew 21.6% year on year, with a free-cash-flow margin of -40.0%. Where it stands out: operating margin of 32.1% ranks 11 of 181 application software companies we cover. Where it lags: long-term debt as % of assets of 46.7% ranks 88 of 98 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 388.4% while net income grew 52.1%: a 441pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 21.6% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Growth speeding up. The growth rate is 4.3 points higher than a quarter earlier.
  • High operating margin. 32.1% of revenue is left as operating profit, against a median of 1.1% for application software companies we cover.
  • Net cash. Cash exceeds long-term debt by $36.4bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Burning cash. Free cash flow was -40.0% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 59% and a beta of 2.3 against the S&P 500.
  • Weak cash conversion. Free cash flow was -152% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 46.7% ranks 88 of 98 application software companies we cover (median 16.9%).

Latest results: FY2027 Q1

Filed September 11, 2026
Earnings per share
$1.92 against an average estimate of $1.74: beat by 10.4%
Revenue
$19.34bn, up 29.6% on a year earlier
Share reaction
-7.0% in the first session after the results on September 10, 2026, against +0.2% for the S&P 500
Guidance given
total revenues growth 30% to 34% (Q2 FY 2027); total Cloud revenue growth (constant currency) growth 64% to 70% (Q2 FY 2027)
Next report
December 14, 2026; average EPS estimate $1.89

Oracle's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-8.8%
  • 1 week-5.4%
  • 1 month-15.9%
  • This year-38.0%
  • 1 year-54.0%
  • 5 years+32.7%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$71.8B
Operating margin
32.1%
Net margin
26.4%
EPS (TTM, diluted)
$6.44

Growth

Revenue growth
+21.6%
Change in growth rate
+4.3 pts
Share count change
+2.0%

Cash

Free cash flow (TTM)
-$28.7B
FCF margin
-40.0%
Stock pay % of revenue
6.7%

Earnings

Last results
September 10, 2026
Next results (est.)
December 9, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement

    Oracle sets Investor Day for 28 October 2026

    Oracle Corporation said it will hold its Investor Day Meeting on Wednesday, 28 October 2026. The event will take place at Oracle AI World and begin at 10:55 a.m. Central Time. A live stream will be available on the company's Investor Relations homepage.

    Company releaseRead source ↗
  3. Insider trade
  4. Insider trade
  5. Insider trade
  6. Announcement
  7. Announcement
  8. Results
  9. Guidance
  10. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Oracle Corporation valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Oracle Corporation as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.32 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$110 ~$56–$160 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$150 ~$130–$260 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$47 ~$42–$54 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$100 ~$47–$150 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Oracle Corporation with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$34.37$39.42$41.22$45.38$49.08$73.07$67.73$101.53$113.93$162.72$224.17$119.22
Market value$148.0bn$166.3bn$174.7bn$169.4bn$161.7bn$220.8bn$188.7bn$280.8bn$321.6bn$466.3bn$653.2bn$350.1bn
+ Net debt (− = net cash)$23.8bn$36.4bn$39.3bn$35.8bn$34.6bn$54.4bn$54.8bn$81.1bn$76.7bn$82.1bn$98.8bn$94.2bn
Enterprise value$171.8bn$202.6bn$214.0bn$205.2bn$196.3bn$275.2bn$243.5bn$361.9bn$398.4bn$548.5bn$752.0bn$444.3bn
Multiples
Price / sales 4.0x4.4x4.4x4.3x4.1x5.5x4.4x5.6x6.1x8.1x9.7x4.9x
Price / earnings 16.6x17.6x48.7x15.3x16.0x16.1x28.1x33.0x30.7x37.5x38.2x18.5x
Price / free cash flow 11.8x13.7x12.8x13.1x14.0x16.1x37.5x33.2x27.2x———
EV / EBITDA 12.7x14.6x14.8x13.9x12.8x16.4x18.9x23.2x21.6x25.5x26.6x13.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

61 /100

Moderate moat

How hard Oracle's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Net income has been a median 7.1% of total assets over 10 years.

  • Durability 20 / 20

    Operating margin has been a median 32.9%; its worst year was 22.9%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 8 of 10 years, at a median 25.1% of revenue.

  • Discipline 13 / 20

    The diluted share count fell 0.8% over five years; stock-based pay has been a median 5.6% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (76 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 14, 2026, after the close. Analysts expect revenue of $21.3bn and EPS of $1.89 (range $1.81 to $2.04) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.14 +7% $90.4bn +34%
Next $10.99 +35% $131.8bn +46%

Next year's EPS estimate has moved +0.9% in 90 days, across 39 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.1% on 90 days ago. In the last 30 days, 35 analysts raised Oracle Corporation's forecast and 1 cut it.

Consensus EPS forecast Oracle Corporation, last 90 days
$8.00 $9.00 $10.00 $11.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $8.05 Current fiscal year, 60 days ago: $8.06 Current fiscal year, 30 days ago: $8.14 Current fiscal year, 7 days ago: $8.14 Current fiscal year, Now: $8.14 $8.14 Next fiscal year, 90 days ago: $10.89 Next fiscal year, 60 days ago: $10.93 Next fiscal year, 30 days ago: $11.00 Next fiscal year, 7 days ago: $10.99 Next fiscal year, Now: $10.99 $10.99

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $8.05$10.89
60 days ago $8.06$10.93
30 days ago $8.14$11.00
7 days ago $8.14$10.99
Now $8.14$10.99

Earnings against estimates

Quarter toEstimateActualSurprise
Aug 2026 $1.74 $1.92 +10.4%
May 2026 $1.96 $2.11 +7.5%
Feb 2026 $1.69 $1.79 +5.7%
Nov 2025 $1.64 $2.26 +38.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, September 10, 2026
  • total revenue fiscal year 2027 about $90bn
    “For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10.” source
  • Total revenues Q2 FY 2027 30% growth to 34% growth
    “Total revenues are expected to grow between 30% and 34% in constant currency and USD.” source
  • non-GAAP EPS fiscal year 2027 about $8.10 Non-GAAP
    “For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10.” source
  • Non-GAAP earnings per share growth including one-time gain (constant currency) Q2 FY 2027 -19% growth to -15% growth Non-GAAP
    “Including the investment gain, Q2 FY27 non-GAAP earnings per share is expected to decline between -19% and -15% in constant currency and decline between -18% and -14% in USD.” source
  • Non-GAAP earnings per share growth including one-time gain (USD) Q2 FY 2027 -18% growth to -14% growth Non-GAAP
    “Including the investment gain, Q2 FY27 non-GAAP earnings per share is expected to decline between -19% and -15% in constant currency and decline between -18% and -14% in USD.” source
  • Total Cloud revenue growth (constant currency) Q2 FY 2027 64% growth to 70% growth
    “Total Cloud revenue is expected to grow between 64% and 70% in constant currency and between 65% and 71% in USD.” source
Show 1 more item
  • Total Cloud revenue growth (USD) Q2 FY 2027 65% growth to 71% growth
    “Total Cloud revenue is expected to grow between 64% and 70% in constant currency and between 65% and 71% in USD.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

43 analysts, Oct 2026
Buy3581%
Hold716%
Sell12%

Monthly trend

  1. Oct 2026728743
  2. Sep 2026728743
  3. Aug 2026828744
  4. Jul 2026829644

Counts of recommendations published by analysts covering Oracle Corporation, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
1.54
at average volume
Short interest, 1 month
−7%
to October 15, 2026
Held by institutions
43%
of shares
Held by insiders
38.4%
of shares
Employees
141,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −54.0%

$259.14 on October 31, 2025 to $119.22

ThenNowEffect
Revenue (last 12 months) $59.0bn $71.8bn +21.6%
Net margin 21.1% 26.4% +25.0%
P/E multiple 60.0x 18.5x −69.2%
Share count 2881m 2937m −1.9%

Biggest factor: p/e multiple.

Last 3 years +14.3%

$104.30 on November 3, 2023 to $119.22

ThenNowEffect
Revenue (last 12 months) $51.0bn $71.8bn +40.8%
Net margin 18.4% 26.4% +43.3%
P/E multiple 31.0x 18.5x −40.3%
Share count 2785m 2937m −5.2%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ORCL+37%−5%+31%+60%+18%−38%
Industry peers (median)−8%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ORCL58%33%58%58%50%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ORCL−16%−31%−21%−14%−46%−54%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 65% from September 10, 2025 to July 24, 2026. Getting back needed a 182% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$114.57 – $254.45
From 52-week high
−53.1%
vs 50-day average
−15.4%
vs 200-day average
−23.4%
Volatility (1 year)
59%
Beta vs S&P 500
2.30

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±12.3%
After a week
6 up, 6 down
typical move ±13.0%
After a month
5 up, 7 down
typical move ±17.4%
Results releasedNext dayS&P 500 next day5 days21 days
September 10, 2026 −7.0% +0.2% −6.8% −12.2%
June 10, 2026 −10.5% +0.1% −10.8% −35.9%
March 10, 2026 +7.6% −0.3% +2.1% −8.7%
December 10, 2025 −10.2% +0.9% −19.4% −7.4%
September 9, 2025 +37.7% +0.5% +28.6% +21.0%
June 11, 2025 +12.6% +0.1% +18.8% +29.5%
March 10, 2025 −7.1% −3.5% −0.7% −19.8%
December 9, 2024 −7.3% −0.8% −10.7% −19.2%
September 9, 2024 +9.9% +1.6% +20.1% +23.0%
June 11, 2024 +12.8% +1.1% +16.2% +16.6%
March 11, 2024 +13.4% +1.0% +13.7% +8.6%
December 11, 2023 −11.3% +0.8% −7.6% −7.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Oracle Corporation in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Oracle Corporation
$50B $60B $70B $80B FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue (TTM), FY24 Q2: $51.6B Revenue (TTM), FY24 Q3: $52.5B Revenue (TTM), FY24 Q4: $53B Revenue (TTM), FY25 Q1: $53.8B Revenue (TTM), FY25 Q2: $54.9B Revenue (TTM), FY25 Q3: $55.8B Revenue (TTM), FY25 Q4: $57.4B Revenue (TTM), FY26 Q1: $59B Revenue (TTM), FY26 Q2: $61B Revenue (TTM), FY26 Q3: $64.1B Revenue (TTM), FY26 Q4: $67.4B Revenue (TTM), FY27 Q1: $71.8B $71.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q2 $51.6B
FY24 Q3 $52.5B
FY24 Q4 $53B
FY25 Q1 $53.8B
FY25 Q2 $54.9B
FY25 Q3 $55.8B
FY25 Q4 $57.4B
FY26 Q1 $59B
FY26 Q2 $61B
FY26 Q3 $64.1B
FY26 Q4 $67.4B
FY27 Q1 $71.8B
Revenue growth, TTM YoY Oracle Corporation
0% 10% 20% 30% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Revenue growth, TTM YoY, FY24 Q2: 12.1% Revenue growth, TTM YoY, FY24 Q3: 9.5% Revenue growth, TTM YoY, FY24 Q4: 6.0% Revenue growth, TTM YoY, FY25 Q1: 5.6% Revenue growth, TTM YoY, FY25 Q2: 6.4% Revenue growth, TTM YoY, FY25 Q3: 6.2% Revenue growth, TTM YoY, FY25 Q4: 8.4% Revenue growth, TTM YoY, FY26 Q1: 9.7% Revenue growth, TTM YoY, FY26 Q2: 11.1% Revenue growth, TTM YoY, FY26 Q3: 14.9% Revenue growth, TTM YoY, FY26 Q4: 17.4% Revenue growth, TTM YoY, FY27 Q1: 21.6% 21.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 12.1%
FY24 Q3 9.5%
FY24 Q4 6.0%
FY25 Q1 5.6%
FY25 Q2 6.4%
FY25 Q3 6.2%
FY25 Q4 8.4%
FY26 Q1 9.7%
FY26 Q2 11.1%
FY26 Q3 14.9%
FY26 Q4 17.4%
FY27 Q1 21.6%
Operating margin (TTM) Oracle Corporation
26% 28% 30% 32% 34% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 Operating margin (TTM), FY24 Q2: 27.7% Operating margin (TTM), FY24 Q3: 28.2% Operating margin (TTM), FY24 Q4: 29.0% Operating margin (TTM), FY25 Q1: 29.8% Operating margin (TTM), FY25 Q2: 30.3% Operating margin (TTM), FY25 Q3: 30.9% Operating margin (TTM), FY25 Q4: 30.8% Operating margin (TTM), FY26 Q1: 30.4% Operating margin (TTM), FY26 Q2: 30.3% Operating margin (TTM), FY26 Q3: 30.6% Operating margin (TTM), FY26 Q4: 30.6% Operating margin (TTM), FY27 Q1: 32.1% 32.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q2 27.7%
FY24 Q3 28.2%
FY24 Q4 29.0%
FY25 Q1 29.8%
FY25 Q2 30.3%
FY25 Q3 30.9%
FY25 Q4 30.8%
FY26 Q1 30.4%
FY26 Q2 30.3%
FY26 Q3 30.6%
FY26 Q4 30.6%
FY27 Q1 32.1%
FCF margin (TTM) Oracle Corporation
-60% -40% -20% 0% 20% 40% FY24 Q2 FY25 Q1 FY25 Q4 FY27 Q1 FCF margin (TTM), FY24 Q2: 19.6% FCF margin (TTM), FY24 Q3: 23.3% FCF margin (TTM), FY24 Q4: 22.3% FCF margin (TTM), FY25 Q1: 20.9% FCF margin (TTM), FY25 Q2: 17.4% FCF margin (TTM), FY25 Q3: 10.4% FCF margin (TTM), FY25 Q4: -0.7% FCF margin (TTM), FY26 Q1: -10.0% FCF margin (TTM), FY26 Q2: -21.6% FCF margin (TTM), FY26 Q3: -38.6% FCF margin (TTM), FY26 Q4: -35.2% FCF margin (TTM), FY27 Q1: -40.0% -40.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q2 19.6%
FY24 Q3 23.3%
FY24 Q4 22.3%
FY25 Q1 20.9%
FY25 Q2 17.4%
FY25 Q3 10.4%
FY25 Q4 -0.7%
FY26 Q1 -10.0%
FY26 Q2 -21.6%
FY26 Q3 -38.6%
FY26 Q4 -35.2%
FY27 Q1 -40.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Oracle took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $67.4B
  2. Research and development $10.3B · 15.3%
  3. Selling, general and admin $9.9B · 14.8%
  4. Other operating costs $26.5B · 39.4%
  5. Operating income $20.6B · 30.6%
  6. Income tax $2.5B · 3.7%
  7. Interest and other $1.1B · 1.6%
  8. Net income $17.1B · 25.4%

Shares of revenue. Source: Oracle's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 May 2010 2011 May 2011 2012 May 2012 2013 May 2013 2014 May 2014 2015 May 2015 2016 May 2016 2017 May 2017 2018 May 2018 2019 May 2019 2020 May 2020 2021 May 2021 2022 May 2022 2023 May 2023 2024 May 2024 2025 May 2025 2026 May 2026 LTM Aug 2026
Income
Revenue 26.8 35.6 37.1 37.2 38.3 38.2 37.0 37.8 39.4 39.5 39.1 40.5 42.4 50.0 53.0 57.4 67.4 71.8
Gross profit 25.9 33.6 — — — 23.7 22.4 23.0 24.3 — — — — — — — — —
EBITDA 9.4 12.4 14.2 15.2 15.4 14.6 13.5 13.9 14.4 14.8 15.3 16.8 12.9 15.6 18.5 21.5 28.2 32.5
Operating income 9.1 12.0 13.7 14.7 14.8 13.9 12.6 12.9 13.3 13.5 13.9 15.2 10.9 13.1 15.4 17.7 20.6 23.1
Net income 6.1 8.5 10.0 10.9 11.0 9.9 8.9 9.5 3.6 11.1 10.1 13.7 6.7 8.5 10.5 12.4 17.1 18.9
Diluted EPS $1.21 $1.67 $1.96 $2.26 $2.38 $2.21 $2.07 $2.24 $0.85 $2.97 $3.08 $4.55 $2.41 $3.07 $3.71 $4.34 $5.83 $6.44
Growth (year on year)
Revenue +15.3% +32.8% +4.2% +0.2% +2.9% −0.1% −3.1% +2.0% +4.2% +0.3% −1.1% +3.6% +4.8% +17.7% +6.0% +8.4% +17.3% +21.6%
EBITDA +9.0% +32.5% +14.4% +7.3% +0.9% −5.1% −7.6% +3.3% +3.7% +2.3% +3.5% +9.6% −23.0% +21.1% +18.3% +16.6% +31.0% +45.2%
Operating income +8.9% +32.8% +13.9% +7.1% +0.5% −6.0% −9.1% +2.5% +2.7% +2.0% +2.7% +9.5% −28.2% +19.8% +17.3% +15.1% +16.6% +28.3%
Net income +8.1% +39.3% +16.8% +9.5% +0.3% −9.3% −10.4% +6.2% −62.1% +209.0% −8.6% +35.6% −51.1% +26.6% +23.1% +18.9% +37.3% +52.1%
Diluted EPS +11.0% +38.0% +17.4% +15.3% +5.3% −7.1% −6.3% +8.2% −62.1% +249.4% +3.7% +47.7% −47.0% +27.4% +20.8% +17.0% +34.3% +49.2%
Margins
Gross margin 96.7% 94.2% — — — 62.0% 60.5% 60.9% 61.7% — — — — — — — — —
EBITDA margin 34.9% 34.8% 38.2% 41.0% 40.1% 38.1% 36.4% 36.8% 36.6% 37.4% 39.1% 41.4% 30.4% 31.3% 34.9% 37.5% 41.9% 45.3%
Operating margin 33.8% 33.8% 36.9% 39.5% 38.6% 36.3% 34.0% 34.2% 33.7% 34.3% 35.6% 37.6% 25.7% 26.2% 29.0% 30.8% 30.6% 32.1%
Net margin 22.9% 24.0% 26.9% 29.4% 28.6% 26.0% 24.0% 25.0% 9.1% 28.1% 25.9% 34.0% 15.8% 17.0% 19.8% 21.7% 25.4% 26.4%
Free-cash-flow margin 31.5% 30.2% 35.3% 36.5% 37.5% 34.5% 33.7% 32.0% 34.7% 32.6% 29.6% 34.0% 11.8% 17.0% 22.3% −0.7% −35.2% −40.0%
Cash flow
Cash from operations 8.7 11.2 13.7 14.2 14.9 14.6 13.7 14.1 15.4 14.6 13.1 15.9 9.5 17.2 18.7 20.8 32.0 46.9
Capital spending 0.2 0.5 0.6 0.7 0.6 1.4 1.2 2.0 1.7 1.7 1.6 2.1 4.5 8.7 6.9 21.2 55.7 75.7
Free cash flow 8.5 10.8 13.1 13.6 14.3 13.2 12.5 12.1 13.7 12.9 11.6 13.8 5.0 8.5 11.8 −0.4 −23.7 −28.7
Stock-based pay 0.4 0.5 0.7 0.8 0.8 0.9 1.0 1.4 1.6 1.7 1.6 1.8 2.6 3.5 4.0 4.7 4.8 4.8
Free cash flow after stock pay 8.0 10.3 12.4 12.8 13.5 12.3 11.5 10.8 12.0 11.2 10.0 11.9 2.4 4.9 7.8 −5.1 −28.5 −33.5
Balance sheet
Cash 9.9 16.2 15.0 14.6 17.8 21.7 20.2 21.8 21.6 20.5 37.2 30.1 21.4 9.8 10.5 10.8 31.3 36.4
Total debt 14.7 15.9 16.5 18.5 24.1 42.2 44.0 58.1 60.9 56.3 71.8 84.5 76.2 90.9 87.2 92.9 130.1 130.5
Net debt (negative = net cash) 4.7 −0.2 1.5 3.9 6.3 20.4 23.8 36.4 39.3 35.8 34.6 54.4 54.8 81.1 76.7 82.1 98.8 94.2
Diluted shares 5,073m 5,128m 5,095m 4,844m 4,604m 4,503m 4,305m 4,217m 4,238m 3,732m 3,294m 3,022m 2,786m 2,766m 2,823m 2,866m 2,914m 2,937m
Returned to shareholders
Dividends 1.0 1.1 1.2 1.4 2.2 2.3 2.5 2.6 3.1 2.9 3.1 3.1 3.5 3.7 4.4 4.7 5.8 5.9
Buybacks 1.0 1.2 5.9 11.0 9.8 8.1 10.4 3.6 11.3 36.1 19.2 20.9 16.2 1.3 1.2 0.6 0.1 —
Total returned 2.0 2.2 7.1 12.5 12.0 10.3 13.0 6.2 14.5 39.1 22.3 24.0 19.7 5.0 5.6 5.3 5.9 5.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 2 checks passed · August 31, 2026
What it owns · $303.3bn
Short-term assets $55.6bnLonger-term assets $247.6bn
What it owes, and who funded it · $114.3bn
Short-term liabilities $47.5bnShareholders' equity $66.8bn
  • Short-term assets cover short-term liabilities $55.6bn of assets due within a year against $47.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $23.1bn against $5.1bn of interest.

From Oracle Corporation's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$95M
Dividends (TTM)
$5.9B
Returned to shareholders
-25%
of free cash flow
Buybacks, last 3 fiscal years
$1.9B
Diluted share count
+2.0%
year over year
Total shareholder yield
1.7%
dividends 1.6% + buybacks 0.0% of market value
Dividend payout ratio
31%
of net income paid out
R&D spending
14.2%
of revenue
Days sales outstanding
58 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated ORCL CRM SAP ADBE INTU WDAY Median
Revenue, last 12 months $71.8bn $43.9bn $41.6bn $26.0bn $21.4bn $10.2bn $482m
Revenue growth, last 12 months 21.6% 11.2% 12.5% 12.0% 13.9% 13.3% 12.0%
Revenue growth, 3-year average 12.1% 9.9% — 11.2% 14.3% 14.8% 11.1%
Revenue growth, latest quarter 29.6% 10.8% — 12.9% 13.7% 12.8% 11.9%
Gross margin 61.5% 77.3% 72.9% 89.3% 82.1% 61.1% 69.2%
Operating margin 32.1% 19.9% 26.1% 35.7% 27.4% 10.7% 1.1%
Operating margin, 3-year average 30.8% 19.4% 23.4% 34.4% 25.3% 7.0% −0.8%
Net margin 26.4% 22.0% 19.5% 28.0% 21.3% 12.3% 2.1%
Cash from operations / revenue 65.4% 35.8% 24.9% 41.6% 41.2% 30.3% 18.2%
Free-cash-flow margin −40.0% 34.5% — 40.8% 40.4% 28.0% 15.0%
Free-cash-flow margin, 3-year average −9.7% 32.5% — 37.8% 33.9% 27.3% 16.2%
Stock pay / revenue 6.7% 8.3% 4.6% 8.0% 9.6% 16.2% 9.3%
Change in share count 2.0% −7.4% −0.4% −6.2% −2.1% −4.3% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 21.6% 12.0% 49 of 184
Change in growth rate Growth +4.3pp +0.2pp 36 of 184
Operating margin Profitability 32.1% 1.1% 11 of 181
Net margin Profitability 26.4% 2.1% 15 of 185
Free-cash-flow margin Cash generation -40.0% 15.2% 148 of 180
Stock pay as % of revenue Cash generation 6.7% 9.3% 58 of 177
Long-term debt as % of assets Balance sheet 46.7% 16.9% 88 of 98
Change in share count Balance sheet 2.0% 1.7% 84 of 163
Days sales outstanding Balance sheet 58 days 57 days 86 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to May 31, 2026
Products and services
Line of business Revenue YoY
Cloud Revenues $34B ▲ 38.7%
Software Revenues $24.5B ▼ 0.7%
Software Support $19.8B ▲ 1.4%
Cloud Infrastructure $18.1B ▲ 76.9%
Cloud Applications $15.9B ▲ 11.3%
Software License $4.7B ▼ 8.9%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue YoY
Americas $44.5B ▲ 22.4%
United States $39.8B ▲ 24.2%
Other Countries $20.8B ▲ 8.8%
EMEA $15.3B ▲ 9.1%
Asia Pacific $7.6B ▲ 7.8%
United Kingdom $2.8B ▲ 8.6%
Germany $2B ▲ 9.7%
Japan $1.9B ▲ 6.3%

These categories overlap or exclude eliminations, so shares aren't shown.

From Oracle Corporation's 10-K filed June 22, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$190B
Institutions reporting
3,477
Shares held vs prior quarter
▲ 7.4%
Positions opened / closed
202 / 165

Top buyers and sellers, Q2 2026: 1,743 institutions bought and 1,477 sold ; the biggest buyer was SG Americas Securities, LLC (+8.9M shares) and the biggest seller Jpmorgan Chase & Co (−9.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $21.3B 145.4M 11.2% ▲ 1.4%
Vanguard Capital Management LLC $16.4B 111.8M 8.6% ▲ 0.6%
State Street Corp $11.5B 78.6M 6.1% ▲ 3.1%
Vanguard Portfolio Management LLC $8.4B 57.3M 4.4% ▲ 1.0%
Capital Research Global Investors $5.8B 39.7M 3.1% ▲ 23.7%
Geode Capital Management, LLC $5.7B 39.2M 3.0% ▲ 0.8%
Morgan Stanley $4.5B 30.6M 2.4% ▲ 4.9%
FMR LLC $3.8B 26.0M 2.0% ▲ 13.7%
Norges Bank $3.7B 25.0M 1.9% —
Bank Of America Corp $3.5B 24.0M 1.8% ▲ 55.7%
Jpmorgan Chase & Co $3.4B 22.9M 1.8% ▼ 29.5%
Goldman Sachs Group Inc $3.1B 21.3M 1.6% ▲ 41.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Oracle Corporation's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $3.5M 1 trade by 1 insider, last 12 months Insider sales History → $85.3M 20 trades by 8 insiders · 92% under pre-set plans
Net ▼ $81.9M net selling
Insider Date Trade Shares Price Value
Rusckowski Stephen H Director September 29, 2026 Buy 25,000 $139.35 $3.5M
Sicilia Michael D. Chief Executive Officer September 22, 2026 Sell pre-set plan 22,562 $151.59 $3.4M
Smith Maria EVP, Chief Accounting Officer September 22, 2026 Sell 2,631 $151.70 $399,123
Sicilia Michael D. Chief Executive Officer September 16, 2026 Sell pre-set plan 10,882 $139.94 $1.5M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 800 $165.57 $132,456
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 13,529 $164.91 $2.2M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 26,603 $164.00 $4.4M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 15,122 $163.00 $2.5M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 16,809 $162.18 $2.7M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 48,353 $160.86 $7.8M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 62,582 $160.08 $10M
Henley Jeffrey Vice Chairman June 24, 2026 Sell pre-set plan 16,802 $159.07 $2.7M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 121 trades and filings

In the last 12 months, 2 members of Congress disclosed 2 purchases and 6 sales of Oracle Corporation shares.

  • Jared Moskowitz(D-FL 23):Sale (full), $1,001 - $15,000, traded March 23, 2026, filed April 30, 2026
  • Jared Moskowitz(D-FL 23):Sale (full), $1,001 - $15,000, traded March 23, 2026, filed April 30, 2026
  • Jared Moskowitz(D-FL 23):Sale (full), $15,001 - $50,000, traded March 23, 2026, filed April 30, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 9, 2026 estimated from the company's past filing pattern, not announced

  • September 10, 2026
  • June 10, 2026
  • March 10, 2026
  • December 10, 2025
  • September 9, 2025
  • June 11, 2025

Recent SEC filings

Data status

When each part of this page on Oracle Corporation was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Oracle Corporation in brief

What does Oracle Corporation do?
Oracle Corporation is a US-listed company in the application software industry. Its financial year ends in May.
What is Oracle Corporation's stock ticker?
Oracle Corporation trades under the ticker ORCL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Oracle Corporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Oracle Corporation reported revenue of $71.8B, 21.6% higher than a year earlier, according to its SEC filings.
What is Oracle Corporation's free cash flow?
Oracle Corporation's free-cash-flow margin is -40.0% of revenue over the trailing twelve months, ranking 148 of the 180 application software companies we cover.
Who are Oracle Corporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Oracle Corporation buying back stock, and does it pay a dividend?
Oracle Corporation spent $95M on share repurchases over the trailing twelve months, and its diluted share count still rose 2.0% over the year.
What is Oracle Corporation's market cap?
On November 2, 2026, Oracle Corporation's market capitalisation was about $350B, with a price-to-earnings ratio of 18.5 and net debt of $94.2B. Market figures come from third-party market data and may be delayed.
Does Oracle Corporation pay a dividend?
Yes: Oracle Corporation paid $5.9B in dividends over the trailing twelve months, a dividend yield of 1.65% and a payout ratio of 31.4%.
Who are Oracle Corporation's competitors?
In our Application Software peer group, the companies closest to Oracle Corporation are Salesforce, SAP SE, Adobe Inc., Intuit and Workday, Inc. The side-by-side comparison below sets their revenue, margins and growth against Oracle Corporation's.
Are insiders buying or selling Oracle Corporation stock?
Over the last 12 months, Oracle Corporation's directors and officers reported 1 open-market purchases and 20 sales on Form 4. The insider trading page charts every trade.
When is Oracle Corporation's next earnings date?
Around December 14, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Oracle Corporation announces its own schedule.