Saturday 17 October 2026
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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. In the quarter to August 2026, revenue grew 29.6%, EPS grew 51.9%, free cash flow fell 1,390.6% and total debt rose 43.1%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.
128.23
6.24
−4.64%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to May
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 38.30 | 42.40 | 44.41 | 39.71 | 59.74 | 60.78 | 82.04 | 101.74 | 118.86 | 114.50 |
Analyst estimates 2027–2029 Powerpack |
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| High | 53.14 | 53.48 | 60.50 | 66.20 | 106.34 | 89.58 | 127.54 | 198.31 | 345.72 | 250.25 | |||||
| People | |||||||||||||||
| People | Employees | 138,000 | 137,000 | 136,000 | 135,000 | 132,000 | 143,000 | 164,000 | 159,000 | 162,000 | 141,000 | ||||
| Revenue/emp, $m | 0.27 | 0.29 | 0.29 | 0.29 | 0.31 | 0.30 | 0.30 | 0.33 | 0.35 | 0.48 | |||||
| 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 | ||||
| Gross margin, % | 80.28 | 79.53 | 79.76 | 79.68 | 80.59 | 79.08 | 72.85 | 71.41 | 70.51 | 65.82 | |||||
| EBT | 11,680 | 12,424 | 12,268 | 12,063 | 12,999 | 7,649 | 9,126 | 11,741 | 14,160 | 19,554 | |||||
| EBT margin, % | 30.91 | 31.55 | 31.05 | 30.88 | 32.11 | 18.02 | 18.27 | 22.17 | 24.67 | 29.03 | |||||
| Net income | 9,452 | 3,587 | 11,083 | 10,135 | 13,746 | 6,717 | 8,503 | 10,467 | 12,443 | 17,087 | |||||
| Depreciation | 2,451 | 2,785 | 2,919 | 2,968 | 2,916 | 3,122 | 6,108 | 6,139 | 6,174 | 9,294 | |||||
| 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 | ||||
| Earnings | 2.27 | 0.93 | 3.05 | 3.16 | 4.67 | 2.49 | 3.15 | 3.81 | 4.46 | 5.94 | |||||
| Cash flow | 3.43 | 3.73 | 4.00 | 4.09 | 5.39 | 3.53 | 6.37 | 6.81 | 7.47 | 11.18 | |||||
| Capex | (0.49) | (0.42) | (0.46) | (0.49) | (0.72) | (1.67) | (3.23) | (2.50) | (7.61) | (19.46) | |||||
| Free cash flow | 2.94 | 3.31 | 3.55 | 3.60 | 4.67 | 1.86 | 3.14 | 4.30 | (0.14) | (8.28) | |||||
| Book value | 13.18 | 11.37 | 6.15 | 3.96 | 2.02 | (2.14) | 0.58 | 3.37 | 7.52 | 15.05 | |||||
| Shares, m | 4,115 | 4,121 | 3,634 | 3,211 | 2,945 | 2,700 | 2,696 | 2,744 | 2,789 | 2,860 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.00 | 50.24 | 16.38 | 16.74 | 16.93 | 28.77 | 33.53 | 30.76 | 37.35 | 41.78 | ||||
| P/S | 4.94 | 4.89 | 4.65 | 4.36 | 5.79 | 4.58 | 5.72 | 6.07 | 8.09 | 10.54 | |||||
| P/B | 3.44 | 4.11 | 8.22 | 13.40 | 39.37 | 0.00 | 183.56 | 34.81 | 22.15 | 18.63 | |||||
| EV/Sales | 4.47 | 4.61 | 5.01 | 5.03 | 6.52 | 5.76 | 7.24 | 7.31 | 9.38 | 11.88 | |||||
| EV/FCF | 13.95 | 13.29 | 15.34 | 16.98 | 19.18 | 48.61 | 42.72 | 32.79 | (1,367.15) | (33.78) | |||||
| 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 | ||||
| Capex | (2,021) | (1,736) | (1,660) | (1,564) | (2,135) | (4,511) | (8,695) | (6,866) | (21,215) | (55,663) | |||||
| Free cash flow | 12,105 | 13,650 | 12,891 | 11,575 | 13,752 | 5,028 | 8,470 | 11,807 | (394) | (23,686) | |||||
| 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 | ||||
| Total debt | 48,112 | 56,128 | 51,673 | 69,226 | 75,995 | 72,110 | 86,420 | 76,264 | 85,297 | 122,342 | |||||
| Net debt | (17,966) | (11,133) | 13,846 | 26,169 | 29,441 | 50,208 | 76,233 | 65,603 | 74,094 | 90,448 | |||||
| Shareholders’ equity | 54,246 | 46,873 | 22,363 | 12,717 | 5,952 | (5,768) | 1,556 | 9,239 | 20,969 | 43,056 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 7.65 | 2.63 | 8.99 | 9.04 | 11.15 | 5.59 | 6.98 | 7.60 | 8.04 | 7.90 | ||||
| ROIC | 22.25 | 23.20 | 23.36 | 22.33 | 26.86 | 15.37 | 10.52 | 12.82 | 11.62 | 9.65 | |||||
| ROE | 18.53 | 7.09 | 32.02 | 57.78 | 147.26 | 7,301.09 | (403.75) | 193.92 | 82.38 | 57.50 | |||||
Negative figures in brackets.
Fiscal years to May 2026 · latest quarter Aug 2026
Charts ten years each
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. | $481.8B | 148× | 100× | +92.83% (above 0%: growing) | +214.29% (above 0%: growing) | +126.03% (above 0%: growing) | 84.66% | 47.12% | Compare |
| ORCL Oracle Corporation | $406.6B | 19.8× | 33.3× | +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. | $302.9B | 645× | 135× | +34.46% (above 0%: growing) | n/m | +34.26% (above 0%: growing) | 67.57% | 5.04% | Compare |
| CRWD CrowdStrike | $250.4B | 6,460× | 1,100× | +25.83% (above 0%: growing) | n/m | +32.03% (above 0%: growing) | 74.57% | (2.26%) | Compare |
| FTNT Fortinet, Inc. | $133.5B | 59.1× | 52.1× | +25.64% (above 0%: growing) | +45.61% (above 0%: growing) | +239.88% (above 0%: growing) | 80.24% | 33.66% | Compare |
| NET Cloudflare, Inc. | $112.6B | — (loss-making) | — (loss-making) | +35.87% (above 0%: growing) | n/m | +69.42% (above 0%: growing) | 71.76% | (29.55%) | Compare |
| SNPS Synopsys, Inc. | $89.7B | 79.8× | 173× | +42.37% (above 0%: growing) | +88.74% (above 0%: growing) | +18.01% (above 0%: growing) | 72.57% | 14.43% | Compare |
| NBIS Nebius Group N.V. | $51.2B | 636× | 34.8× | +454.04% (above 0%: growing) | n/m | −399.28% (below 0%: shrinking) | 77.06% | (30.21%) | Compare |
| XYZ Block, Inc. | $48.0B | 134× | 29.7× | +9.30% (above 0%: growing) | −82.95% (below 0%: shrinking) | +181.80% (above 0%: growing) | 47.84% | 6.75% | Compare |
| Median of peers | $123.1B | 148× | 100× | +35.17% | +67.18% | +51.84% | 73.57% | 5.90% |
ORCL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Oracle Corporation (ORCL) key facts
- Strength: Oracle Corporation’s revenue for fiscal 2026 (year ended May 2026) was $67.4 billion, up 17.3% from fiscal 2025.
- Strength: Net income was $17.1 billion, or $5.94 per share (basic), a net margin of 25.2%.
- Oracle Corporation (ORCL) is a Software Infrastructure company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ORCL traded at $128.23, a market capitalization of $406.6 billion.
- At that price the stock trades at 19.8× trailing-twelve-month earnings and 5.3× sales; its P/E is higher than 36% of its own readings over the past ten years.
- Oracle Corporation pays an annual dividend of $2.00 per share, a yield of 1.56%, with a payout ratio of 31.4%.
- Return on equity was 57.5% and debt-to-equity 1.75.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.29 (grey zone) for fiscal 2026.
Financial Analysis (summary)
Updated
Oracle reported $67.4 billion of revenue and $17.1 billion of net income in FY2026, while operating cash flow was $32.0 billion and free cash flow was −$23.7 billion in FY2026. Capital expenditure was $55.7 billion in FY2026, exceeding operating cash flow for the year.
In Q1 FY2027, revenue was $19.3 billion, operating income was $6.7 billion and net income was $4.8 billion. Net debt was $80.6 billion in Q1 FY2027, while free cash flow was −$5.4 billion in Q1 FY2027. The P/E was 21.5× as of September 24, 2026.