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ORCL

Oracle Corporation

ORCL

Oracle Corporation • NYSE
$201.44 ▼ -1.72% (-3.52)
Market Cap $565.10 B
52w High $345.72
52w Low $118.86
Dividend Yield 1.90%
P/E 46.63
Volume 13.71M
Outstanding Shares 2.81B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $14.926B ▼ $5.765B ▼ $2.927B ▼ 19.61% ▼ $1.04 ▼ $4.77B ▼
Q4-2025 $15.903B ▲ $6.053B ▲ $3.427B ▲ 21.549% ▲ $1.22 ▲ $6.826B ▲
Q3-2025 $14.13B ▲ $5.577B ▼ $2.936B ▼ 20.778% ▼ $1.05 ▼ $5.891B ▲
Q2-2025 $14.059B ▲ $5.754B ▲ $3.151B ▲ 22.413% ▲ $1.13 ▲ $5.755B ▲
Q1-2025 $13.307B $5.41B $2.929B 22.011% $1.06 $5.439B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $11.005B ▼ $180.449B ▲ $155.783B ▲ $24.154B ▲
Q4-2025 $11.203B ▼ $168.361B ▲ $147.392B ▲ $20.451B ▲
Q3-2025 $17.823B ▲ $161.378B ▲ $144.117B ▲ $16.73B ▲
Q2-2025 $11.311B ▲ $148.483B ▲ $134.247B ▲ $13.746B ▲
Q1-2025 $10.911B $144.214B $132.945B $10.816B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $2.927B ▼ $8.14B ▲ $-8.718B ▲ $210M ▲ $-341M ▲ $-362M ▲
Q4-2025 $3.427B ▲ $6.157B ▲ $-9.182B ▼ $-3.814B ▼ $-6.62B ▼ $-2.923B ▼
Q3-2025 $2.936B ▼ $5.933B ▲ $-5.976B ▼ $6.559B ▲ $6.465B ▲ $71M ▲
Q2-2025 $3.151B ▲ $1.304B ▼ $-3.788B ▼ $2.938B ▲ $325M ▲ $-2.666B ▼
Q1-2025 $2.929B $7.427B $-2.765B $-4.585B $162M $5.124B

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Hardware Business
Hardware Business
 $730.00M ▲$700.00M ▼$850.00M ▲$670.00M ▼
Services Business
Services Business
 $1.33Bn ▲$1.29Bn ▼$1.35Bn ▲$1.35Bn ▲
Cloud And License Business
Cloud And License Business
 $12.00Bn ▲$12.14Bn ▲$13.70Bn ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Oracle’s revenue has grown steadily over the past several years, with clear momentum as the cloud and applications businesses scale. Profitability remains solid: gross margins are high and operating profits have expanded as the company benefits from its large installed base and higher‑margin software and cloud services. There was some earnings volatility a few years ago, likely tied to acquisitions and the cloud transition, but net income has since rebuilt to stronger levels. Overall, the income statement shows a mature, highly profitable software business that is successfully shifting more of its mix to cloud, with healthy earnings power but some dependence on continued execution in that transition.

Balance Sheet

Balance Sheet The balance sheet is asset‑heavy and increasingly reflects Oracle’s cloud and data center build‑out, as well as past acquisitions. Debt is substantial and has risen over time, which amplifies financial leverage and adds sensitivity to interest costs, but it is partly offset by stable cash generation and a now‑positive equity base. Shareholders’ equity moved from negative to clearly positive again, suggesting Oracle has absorbed earlier balance sheet strain and rebuilt its capital base, though it remains more leveraged than many software peers. In short, the balance sheet supports growth but is not conservative; the main risk factor here is the elevated debt load, which requires ongoing strong cash flow to remain comfortable.

Cash Flow

Cash Flow Oracle’s cash flow from operations is a major strength: it has grown meaningfully over the period and comfortably covers day‑to‑day needs. Historically, free cash flow was solidly positive, but the latest year shows a dip into slightly negative territory because of a sharp increase in capital spending, likely for cloud infrastructure and AI‑ready data centers. This indicates a deliberate choice to reinvest aggressively rather than a deterioration in the underlying business. The key question going forward is whether these heavy investments translate into higher, more durable cash flows once the current build‑out phase moderates.

Competitive Edge

Competitive Edge Oracle holds a durable position in enterprise technology, anchored by mission‑critical databases and deeply embedded ERP and back‑office systems. High switching costs, long‑term customer relationships, and a broad, integrated product stack create a strong moat that makes it difficult for rivals to displace Oracle in core workloads. At the same time, it faces intense competition from hyperscale cloud providers and specialized database and analytics vendors, which pressure growth and force continuous innovation. Overall, Oracle remains a powerful incumbent with strong defenses, but it must keep proving its value as customers modernize and distribute workloads across multiple clouds.

Innovation and R&D

Innovation and R&D Innovation is focused on three pillars: the autonomous database, the Oracle Cloud Infrastructure platform, and the Fusion cloud applications suite, all increasingly infused with AI. Oracle is pushing hard into generative AI, AI‑enhanced databases, and AI‑powered application features, aiming to make its stack smarter and more automated for large enterprises. Its Cloud@Customer and multi‑cloud partnerships are notable differentiators for organizations with strict data, regulatory, or latency needs. The main opportunity is to convert these innovations into faster cloud adoption and higher wallet share per customer; the main risk is that larger cloud competitors move faster or capture more of the AI workload growth.

Summary

Oracle today looks like a mature, profitable enterprise software giant in the middle of an aggressive cloud and AI expansion phase. The income statement shows healthy growth and strong margins, backed by robust operating cash flows, while the balance sheet carries elevated but manageable debt. Heavy recent capital spending underscores Oracle’s commitment to building out cloud and AI infrastructure, trading short‑term free cash flow for potential long‑term gains. Its competitive moat—rooted in embedded systems, high switching costs, and an integrated stack—remains strong but is tested by rapid change in cloud and AI markets. Going forward, the central dynamics to watch are the payoff from its cloud and AI investments, its ability to maintain pricing power and customer stickiness, and how comfortably it manages leverage as the industry evolves.

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