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Oracle Corporation

ORCL Technology Software Infrastructure

Oracle Corporation’s revenue for fiscal 2026 (year ended May 2026) was $67.4 billion, up 17.3% from fiscal 2025.

Revenue
+29.6%
EPS
+51.9%
Free cash flow
−1,390.6%
Total debt
+43.1%

Quarter to August 2026, against a year earlier

116.17 7.56 −6.11%
Market cap
$348.2B
P/E
17.9×
Fwd P/E
19.6×
Dividend yield
1.72%
F-score
4/9
Altman Z
2.29
Beneish M
−2.51
Dividend safety
51/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Cloud and Software
  • Services
  • Hardware

Every year since 2011 →

Insider Decisions last twelve months

Bought, $m 3.48
Sold, $m 85.34
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — 1 — —
Sell 3 1 1 — 1 — 1 — — 3 — —
Insider Ownership 37.29%

Capital & Financial Ratios $m

Size
Market Cap 348,210.00
Revenue ttm 71,776.00
Net income ttm 18,920.00
Free cash flow ttm (28,720.00)
Net debt Q 80,635.00
Valuation
P/E 17.93
Forward P/E 19.60
Price / sales 4.80
Forward P/S Powerpack
Price / FCF 0.00
Price / book 5.54
Financial health
Current ratio Q 1.17
Debt / equity Q 1.75
Interest coverage Q 4.71
Growth
Revenue growth Q +29.61% (above 0%: growing)
Operating income growth Q +57.31% (above 0%: growing)
EPS, this year +6.65%
EPS, next year A +36.31% (at or above 15%: strong)
Revenue, next year A +34.22% (at or above 10%: strong)
EPS, past 5 yrs +5.08%
EPS, next 5 yrs A +27.15% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.9×, against a ten-year median of 5.8×; over the ten years it ranged from 3.8× in 2016 to 14.7× in 2025.
P/E against its own 10 years 16.21%
10-year low 10-year high
P/S against its own 10 years 34.18%
10-year low 10-year high
P/B against its own 10 years 32.60%
10-year low 10-year high
EV/Sales against its own 10 years 51.67%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.72%
Annual rate
2.00
Payout ratio
31.4%
Growth, 2018–26
+12.9%/yr
  1. 0.76 ’18
  2. 0.91 ’19 +20
  3. 0.96 ’20 +5
  4. 1.20 ’21 +25
  5. 1.28 ’22 +7
  6. 1.52 ’23 +19
  7. 1.60 ’24 +5
  8. 1.90 ’25 +19
  9. 2.00 ’26 +5
paid change on the year, % Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 10,661 11,203 31,894 37,077
Receivables 7,874 8,558 10,385 11,394
Inventory — — — —
Other — — — —
22,554 24,579 46,567 55,630
2024 2025 2026 Q'26
Payables 2,357 5,113 10,977 11,063
ST’ Debt — — — —
Other 7,353 8,629 11,447 12,380
31,544 32,643 41,764 47,514

Compound Annual Growth %

10y 5y 3y
Sales 6.16% 10.72% 10.48%
Cash Flow 8.86% 15.02% 23.05%
Earnings 6.67% 4.32% 25.94%
Book Value (1.04%) 48.55% 202.46%

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 1.74 Actual 1.92

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY26 1.63 2.26 Beat by 0.63
Q3 FY26 1.70 1.79 Beat by 0.09
Q4 FY26 1.96 2.11 Beat by 0.15
Q1 FY26 1.74 1.92 Beat by 0.18
Q2 FY26 1.88 — Reports 9 December 2026

EPS $

Aug Nov Feb May Year
’26 1.56 — — — —
’26 1.01 2.10 1.27 1.45 5.83
’25 1.03 1.10 1.02 1.19 4.34
’24 0.86 0.89 0.85 1.11 3.71
’23 0.56 0.63 0.68 1.19 3.07
’22 0.86 (0.46) 0.84 1.16 2.41
’21 0.72 0.80 1.68 1.37 4.55
Fiscal quarters ending in the months shown.

Revenue $m

Aug Nov Feb May Year
’26 19,345 — — — —
’26 14,926 16,058 17,190 19,183 67,357
’25 13,307 14,059 14,130 15,903 57,399
’24 12,453 12,941 13,280 14,287 52,961
’23 11,445 12,275 12,398 13,836 49,954
’22 9,728 10,360 10,513 11,839 42,440
’21 9,367 9,800 10,085 11,227 40,479
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Aug Nov Feb May Year
’26 23,103 — — — —
’26 8,140 2,066 7,151 14,620 31,977
’25 7,427 1,304 5,933 6,157 20,821
’24 6,974 143 5,475 6,081 18,673
’23 6,394 849 4,275 5,647 17,165
’22 5,391 (3,682) 3,845 3,985 9,539
’21 5,953 1,388 3,704 4,842 15,887
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Aug Nov Feb May Year
’26 (5,396) — — — —
’26 (362) (9,967) (11,484) (1,873) (23,686)
’25 5,124 (2,666) 71 (2,923) (394)
’24 5,660 (937) 3,801 3,283 11,807
’23 4,675 (1,586) 1,647 3,734 8,470
’22 4,329 (4,607) 2,744 2,562 5,028
’21 5,517 820 3,290 4,125 13,752
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 28.4% a year for ten years.

Implied
28.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to May

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Aug ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 37,792 39,383 39,506 39,068 40,479 42,440 49,954 52,961 57,399 67,357 71,776 +6.6% 90,409 131,737 184,052 +39.8%
Gross margin, % 80.28 79.53 79.76 79.68 80.59 79.08 72.85 71.41 70.51 65.82 63.96 (14.5) pt
EBT 11,680 12,424 12,268 12,063 12,999 7,649 9,126 11,741 14,160 19,554 21,734 +5.9%
EBT margin, % 30.91 31.55 31.05 30.88 32.11 18.02 18.27 22.17 24.67 29.03 30.28 (1.9) pt
Net income 9,452 3,587 11,083 10,135 13,746 6,717 8,503 10,467 12,443 17,087 18,920 +6.8%
Per share, $
Per share, $ Revenue 9.18 9.56 10.87 12.17 13.75 15.72 18.53 19.30 20.58 23.55 24.20 +11.0%
Earnings 2.27 0.93 3.05 3.16 4.67 2.49 3.15 3.81 4.46 5.94 6.48 +11.3%
Cash flow 3.43 3.73 4.00 4.09 5.39 3.53 6.37 6.81 7.47 11.18 15.83 +14.0%
Capex (0.49) (0.42) (0.46) (0.49) (0.72) (1.67) (3.23) (2.50) (7.61) (19.46) (25.51) +50.5%
Free cash flow 2.94 3.31 3.55 3.60 4.67 1.86 3.14 4.30 (0.14) (8.28) (9.68) n/m
Book value 13.18 11.37 6.15 3.96 2.02 (2.14) 0.58 3.37 7.52 15.05 22.66 +1.5%
Shares, m 4,115 4,121 3,634 3,211 2,945 2,700 2,696 2,744 2,789 2,860 2,891 (4.0%)
Valuation, ×
Valuation, × P/E 20.00 50.24 16.38 16.74 16.93 28.77 33.53 30.76 37.35 41.78 17.93 29.2
P/S 4.94 4.89 4.65 4.36 5.79 4.58 5.72 6.07 8.09 10.54 4.80 6.0
P/B 3.44 4.11 8.22 13.40 39.37 0.00 183.56 34.81 22.15 18.63 5.54 32.8
EV/Sales 4.47 4.61 5.01 5.03 6.52 5.76 7.24 7.31 9.38 11.88 5.92 6.7
EV/FCF 13.95 13.29 15.34 16.98 19.18 48.61 42.72 32.79 (1,367.15) (33.78) (14.80) (119.8)
Cash, $m
Cash, $m Operating cash flow 14,126 15,386 14,551 13,139 15,887 9,539 17,165 18,673 20,821 31,977 46,940 +9.5%
Capex (2,021) (1,736) (1,660) (1,564) (2,135) (4,511) (8,695) (6,866) (21,215) (55,663) (75,660) +44.5%
Free cash flow 12,105 13,650 12,891 11,575 13,752 5,028 8,470 11,807 (394) (23,686) (28,720) n/m
Balance, $m
Balance, $m Working capital 50,337 57,035 27,756 34,940 31,403 12,122 (2,086) (8,990) (8,064) 4,803 8,116 (23.0%)
Net debt (17,966) (11,133) 13,846 26,169 29,441 50,208 76,233 65,603 74,094 90,448 80,635 n/m
Shareholders’ equity 54,246 46,873 22,363 12,717 5,952 (5,768) 1,556 9,239 20,969 43,056 67,196 (2.5%)
Returns, %
Returns, % ROA 7.65 2.63 8.99 9.04 11.15 5.59 6.98 7.60 8.04 7.90 7.75 +0.3 pt
ROIC 22.25 23.20 23.36 22.33 26.86 15.37 10.52 12.82 11.62 9.65 9.75 (12.6) pt
ROE 18.53 7.09 32.02 57.78 147.26 7,301.09 (403.75) 193.92 82.38 57.50 43.12 +39.0 pt
People
People Employees 138,000 137,000 136,000 135,000 132,000 143,000 164,000 159,000 162,000 141,000 — +0.2%
Revenue/emp, $m 0.27 0.29 0.29 0.29 0.31 0.30 0.30 0.33 0.35 0.48 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to May 2026 · latest quarter Aug 2026

Business profile

Updated

Oracle provides the technology that organizations use to run core business systems and IT operations. Its offerings span enterprise applications, databases, cloud infrastructure, hardware, technical support and professional services. It delivers these through cloud-based, on-premise and hybrid models, so a customer can use Oracle-managed cloud services, run software in its own data center, or combine the two.

Oracle Cloud includes Oracle Cloud Applications and Oracle Cloud Infrastructure. The applications cover business functions such as finance, supply chains, human resources, customer experience, healthcare and industry-specific operations. Its infrastructure business provides computing, storage, networking, databases and related services for conventional enterprise workloads and AI workloads. Oracle AI Database, Java and middleware software can be bought as licenses or consumed through cloud services.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Cloud and Software 58,530 86.90%
Services 5,743 8.53%
Hardware 3,084 4.58%
Gross margin 65.82%
Operating margin 30.59%
Pre-tax margin 29.03%

Revenue by segment since 2011

Oracle Corporation vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PLTR Palantir Technologies Inc. $373.5B 102× 118× +95.87% (above 0%: growing) +135.80% (above 0%: growing) +138.89% (above 0%: growing) 83.43% 46.89% Compare
ORCL Oracle Corporation $348.2B 17.9× 19.6× +29.61% (above 0%: growing) +51.92% (above 0%: growing) −1,390.61% (below 0%: shrinking) 60.03% 34.78%
PANW Palo Alto Networks, Inc. $257.6B 597× 232× +34.46% (above 0%: growing) n/m +34.26% (above 0%: growing) 67.57% 5.04% Compare
CRWD CrowdStrike $222.4B 6,187× 2,504× +25.83% (above 0%: growing) n/m +32.03% (above 0%: growing) 74.57% (2.26%) Compare
FTNT Fortinet, Inc. $90.0B 39.5× 42.2× +20.49% (above 0%: growing) +38.10% (above 0%: growing) +55.38% (above 0%: growing) 78.95% 33.89% Compare
NET Cloudflare, Inc. $87.1B — (loss-making) — (loss-making) +39.23% (above 0%: growing) n/m +9.48% (above 0%: growing) 71.21% (8.68%) Compare
SNPS Synopsys, Inc. $84.4B 77.5× 114× +42.37% (above 0%: growing) +88.74% (above 0%: growing) +18.01% (above 0%: growing) 72.57% 14.43% Compare
XYZ Block, Inc. $50.8B 112× 44.1× +9.88% (above 0%: growing) +23.20% (above 0%: growing) −30.59% (below 0%: shrinking) 48.15% 6.38% Compare
NBIS Nebius Group N.V. $32.7B 466× 34.8× +454.04% (above 0%: growing) n/m −399.28% (below 0%: shrinking) 77.06% (30.21%) Compare
Median of peers $88.5B 112× 114× +36.85% +63.42% +25.02% 73.57% 5.71%

All 183 Software Infrastructure stocks →

From the latest earnings call

Updated

  • Clayton Magouyrk said Oracle closed more than $30 billion of additional AI contracts in Q1 without requiring additional Oracle capital.
  • Hilary Maxson said Oracle expects Q2 FY2027 revenue growth of 30% to 34% and non-GAAP EPS of $1.85 to $1.93.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Wells Fargo Nov 2, 2026 Target cut Outperform 280.00 → 250.00
Stephens Nov 2, 2026 Target raised — 185.00 → 213.00
Morgan Stanley Oct 31, 2026 Reiterated Hold 210.00
Oppenheimer Oct 29, 2026 Target raised — 235.00 → 275.00
Barclays Oct 27, 2026 Reiterated Buy 252.00
Cantor Fitzgerald Oct 25, 2026 Reiterated — 284.00
Goldman Sachs Oct 25, 2026 Target cut Buy 240.00 → 206.00
JPMorgan Oct 19, 2026 Target cut Outperform 210.00 → 200.00
Mizuho Oct 14, 2026 Reiterated Outperform 320.00
Yorkville Ives Oct 12, 2026 Initiated Hold 155.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 44.60%
Held by the ten largest 21.68%
Holder Shares Stake Change
Vanguard 187.07m 6.49% +1.60m
BlackRock 145.35m 5.05% +2.04m
State Street 78.65m 2.73% +2.34m
Capital Group 40.54m 1.41% +7.25m
Geode Capital Management 39.25m 1.36% +300.74k
Morgan Stanley 30.55m 1.06% +1.42m
UBS 28.08m 0.97% +99.88k
Fidelity (FMR) 26.03m 0.90% +3.15m
Norges Bank 25.00m 0.87% +25.00m
Bank of America 23.95m 0.83% +8.57m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 25 September 2026

Ownership

Directors and executive officers, together 38.40%
Lawrence J. Ellison 38.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Oracle Corporation (ORCL) Latest News

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2 Nov

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ORCL metrics, ten years each

stockrow.com/ORCL · Data as of Aug 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com