Is Oracle financially healthy?

On 31 August 2026 Oracle held 37.08B USD in cash and short-term investments against total debt of 155.93B USD. Its current ratio is 1.17: what falls due within a year against what turns into cash within a year. Over the last twelve months its free cash flow was -28.72B USD: it spent more cash than it brought in.

Oracle's revenue grew 10.7% a year over its last five fiscal years, from 40.48B USD in fiscal year 2021 to 67.36B USD in fiscal year 2026. Over the last twelve months it was up 21.6% on the twelve months before.

Where can I find Oracle's annual report (10-K)?

Oracle files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

Oracle
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ORCL

Arincen ScoreBeta58/100

58/100B

123.790

USD

-2.43

(-1.92%)

Pre Open·122.000USD-1.790(-1.45%)

Last updated: 4 Nov, 19:48 GMT-5 · Delayed 15 min

Fair value235.44Plus-47%177Price 123.79294

Q2 FY2027 · Earnings report

EPS estimate 1.88Revenue estimate 21.33B

Q2 FY2027 · Earnings report

Monday 14 December

EPS estimate 1.88Revenue estimate 21.33B

Fair value235.44Plus-47%177Price 123.79294

Q2 FY2027 · Earnings report

EPS estimate 1.88Revenue estimate 21.33B

Q2 FY2027 · Earnings report

Monday 14 December

EPS estimate 1.88Revenue estimate 21.33B

Overview Financials Signals News Forecast Earnings Dividends Company

Oracle financials

Yes. Oracle earned 18.92B USD of net income over the last twelve months, 26.4% of its revenue. It made a profit in 40 of its 41 fiscal years since 1986. Its last loss was in fiscal year 1991.

Revenue (TTM): 71.78B USD
Net income (TTM): 18.92B USD
Free cash flow (TTM): -28.72B USD
Cash and short-term investments: 37.08B USD
Total debt: 155.93B USD
Shareholders' equity: 66.77B USD

Cash, debt and equity as of 31 Aug 2026.

Oracle earnings

Next earnings · Q2 FY2027

14 Dec 2026

EPS estimate

1.88 USD

Revenue estimate

21.33B USD

Last quarter · Q1 FY2027

EPS1.92Beat +10.3%Revenue19.35BBeat +1.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q3 FY2028	—	2.89	—	—	—	34.57B	—	—	—
Q2 FY2028	—	2.56	—	—	+36.36%	30.97B	—	—	+45.21%
Q1 FY2028	—	2.33	—	—	+21.28%	27.62B	—	—	+42.77%
Q2 FY2027	14 Dec 2026	1.88	—	—	-16.81%	21.33B	—	—	+32.80%
Q1 FY2027	10 Sept 2026	1.74	1.92	+10.34%	+30.61%	19.13B	19.35B	+1.10%	+29.61%
Q4 FY2026	10 Jun 2026	1.96	2.11	+7.65%	+24.12%	19.10B	19.18B	+0.44%	+20.63%
Q3 FY2026	10 Mar 2026	1.70	1.79	+5.29%	+21.77%	16.93B	17.19B	+1.56%	+21.66%
Q2 FY2026	10 Dec 2025	1.64	2.26	+37.80%	+53.74%	16.19B	16.06B	-0.83%	+14.22%
Q1 FY2026	9 Sept 2025	1.48	1.47	-0.68%	+5.76%	15.04B	14.93B	-0.75%	+12.17%
Q4 FY2025	11 Jun 2025	1.64	1.70	+3.66%	+4.29%	15.58B	15.90B	+2.06%	+11.31%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2029	15.67	—	—	+41.32%	181.08B	—	—	+37.71%
FY2028	11.09	—	—	+36.27%	131.50B	—	—	+45.38%
FY2027	8.14	—	—	+6.68%	90.45B	—	—	+34.28%
FY2026	7.49	7.63	+1.90%	+26.53%	67.26B	67.36B	+0.14%	+17.35%
FY2025	5.98	6.03	+0.90%	+8.26%	57.09B	57.40B	+0.54%	+8.38%
FY2024	3.99	5.57	+39.67%	+8.58%	53.82B	52.96B	-1.59%	+6.02%
FY2023	5.04	5.13	+1.87%	+4.48%	49.86B	49.95B	+0.20%	+17.70%

Oracle growth and profitability

Full income statement

Revenue (TTM): 71.78B USD
Net income (TTM): 18.92B USD
Gross margin: 63.95%
Operating margin: 32.36%
Net margin: 26.36%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2026	67.36B	+17.35%	17.09B	+37.32%	65.20%	30.85%	25.37%	33.49B	+40.05%
FY2025	57.40B	+8.38%	12.44B	+18.88%	70.51%	30.80%	21.68%	23.91B	+11.77%
FY2024	52.96B	+6.02%	10.47B	+23.10%	71.41%	28.99%	19.76%	21.39B	+14.17%
FY2023	49.95B	+17.70%	8.50B	+26.59%	72.85%	26.21%	17.02%	18.74B	+38.54%
FY2022	42.44B	+4.84%	6.72B	-51.13%	79.08%	25.74%	15.83%	13.53B	-26.53%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q1 FY2027	19.35B	4.76B	60.03%	34.78%	24.61%
Q4 FY2026	19.18B	4.30B	65.18%	31.97%	22.44%
Q3 FY2026	17.19B	3.72B	64.56%	32.79%	21.65%
Q2 FY2026	16.06B	6.14B	66.53%	29.46%	38.21%
Q1 FY2026	14.93B	2.93B	67.28%	28.65%	19.61%

How Oracle makes its money

Cloud33.99B 50.5%

Software24.54B 36.4%

Services5.74B 8.5%

Hardware3.08B 4.6%

Revenue67.36B 100.0%

Cost of revenue23.44B 34.8%

Gross profit43.92B 65.2%

Research and development10.27B 15.2%

Selling and administration9.95B 14.8%

Other operating expenses2.92B 4.3%

Operating income20.78B 30.8%

Tax2.47B 3.7%

Other expense1.22B 1.8%

Net income17.09B 25.4%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Oracle revenue breakdown

By product

FY2026

50.5%Cloud36.4%Software8.5%Services4.6%Hardware

Segment	Revenue	Share of revenue	Change on the year
Cloud	33.99B	50.5%	+38.7%
Software	24.54B	36.4%	-0.7%
Services	5.74B	8.5%	+9.7%
Hardware	3.08B	4.6%	+5.0%

By region

FY2025

63.3%Americas24.4%E M E A12.3%Asia Pacific

Region	Revenue	Share of revenue	Change on the year
Americas	36.34B	63.3%	+9.7%
E M E A	14.03B	24.4%	+7.6%
Asia Pacific	7.04B	12.3%	+3.3%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2026	31.98B	-23.69B
FY2025	20.82B	-394.00M
FY2024	18.67B	11.81B
FY2023	17.17B	8.47B
FY2022	9.54B	5.03B
FY2021	15.89B	13.75B
FY2020	13.14B	11.58B
FY2019	14.55B	12.89B
FY2018	15.39B	13.65B
FY2017	14.13B	12.11B

Oracle financial health

Full balance sheet

Cash and short-term investments: 37.08B USD
Total debt: 155.93B USD
Net cash: -118.85B USD
Free cash flow (TTM): -28.72B USD
Current ratio: 1.17
Debt to equity: 2.34
Piotroski score: 5 / 9
Altman Z-score: 1.47

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2026	31.89B	156.19B	-23.69B
FY2025	11.20B	104.10B	-394.00M
FY2024	10.66B	94.47B	11.81B
FY2023	10.19B	90.48B	8.47B
FY2022	21.90B	75.86B	5.03B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2026	261.76B	218.70B	42.51B
FY2025	168.36B	147.39B	20.45B
FY2024	140.98B	131.74B	8.70B
FY2023	134.38B	132.83B	1.07B
FY2022	109.30B	115.07B	-6.22B
FY2021	131.11B	125.16B	5.24B
FY2020	115.44B	102.72B	12.07B
FY2019	108.71B	86.35B	21.79B
FY2018	137.26B	91.04B	46.22B
FY2017	134.99B	80.75B	53.86B

Oracle valuation

Price to earnings ratio (TTM): 19.10
Forward P/E (FY2027): 15.21
Price to sales (TTM): 5.21
Price to book: 5.61
EV / EBITDA (TTM): 13.07

Capital structure

Market capitalization

374.31B USD

Total debt

155.93B USD

−

Cash and short-term investments

37.08B USD

Enterprise value

493.16B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2029 (est.)	7.90	—	—	—	—
FY2028 (est.)	11.16	7.90	—	—	—
FY2027 (est.)	15.21	11.16	—	—	—
Now (TTM)	19.10	13.14	5.21	5.61	13.07
FY2026	41.78	27.75	10.60	16.80	25.06
FY2025	37.11	22.10	8.04	22.57	23.21
FY2024	30.76	19.62	6.07	36.95	18.96
FY2023	33.63	26.58	5.72	266.18	19.55
FY2022	28.88	14.28	4.58	-31.22	18.38

Oracle against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Palantir Technologies, Palo Alto Networks, CrowdStrike Holdings, Cloudflare, Fortinet, and Synopsys, the US Software - Infrastructure companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Below its median19.1
18.274.0
Gross marginLowest in 5 years65.2%
65.2%79.1%
Against its peers: 7 of 7Peers' median 75.8%
Operating marginHighest in 5 years30.8%
25.7%30.8%
Against its peers: 2 of 7Peers' median 9.5%
Net marginHighest in 5 years25.4%
15.8%25.4%
Against its peers: 3 of 7Peers' median 10.8%
Return on equityLowest in 5 years40.2%
40.2%792.5%
Against its peers: 2 of 7Peers' median 2.9%
Free cash flow marginLowest in 5 years-35.2%
-35.2%22.3%
Against its peers: 7 of 7Peers' median 30.0%
Revenue growthAbove its median17.4%
4.8%17.7%
Against its peers: 5 of 7Peers' median 23.1%
EPS growthHighest in 5 years34.3%
-47.0%34.3%
Against its peers: 2 of 5Peers' median -18.5%
Debt to EBITDAAt its median4.66×
4.35×5.61×
Against its peers: 5 of 7Peers' median 3.15×
Current ratioAbove its median1.12
0.721.62
Against its peers: 6 of 7Peers' median 1.69

Figure	FY2026	5-year low – high	Against its history	Against its peers
P/E (today)	19.1	18.274.0	Below its median	—
Gross margin	65.2%	65.2%79.1%	Lowest in 5 years	7 of 7
Operating margin	30.8%	25.7%30.8%	Highest in 5 years	2 of 7
Net margin	25.4%	15.8%25.4%	Highest in 5 years	3 of 7
Return on equity	40.2%	40.2%792.5%	Lowest in 5 years	2 of 7
Free cash flow margin	-35.2%	-35.2%22.3%	Lowest in 5 years	7 of 7
Revenue growth	17.4%	4.8%17.7%	Above its median	5 of 7
EPS growth	34.3%	-47.0%34.3%	Highest in 5 years	2 of 5
Debt to EBITDA	4.66×	4.35×5.61×	At its median	5 of 7
Current ratio	1.12	0.721.62	Above its median	6 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Oracle dividends

Annual dividend: 2.00 USD
Dividend yield (indicated): 1.62%
Payout ratio: 30.86%
Years of dividend growth: 1
Frequency: Quarterly
Last payment: 0.50 USD
Last ex-dividend date: 9 Oct 2026
Last payment date: 23 Oct 2026

Dividends per share

Year	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Dividends per share	1.90	1.60	1.52	1.28	1.20	0.96	0.91	0.76	0.72	0.60

Oracle ownership

Institutions: 45.13%
Institutional holders: 3,737 (+53)
Free float: 61.52%

InstitutionsOthers

As of 30 Jun 2026

Insider trading

Quarter	Purchases	Sales	Shares acquired	Shares disposed of
Q3 2026	1	3	618.41K	891.31K
Q2 2026	0	12	1.45M	1.57M
Q1 2026	0	2	128.64K	190.11K
Q4 2025	0	11	1.42M	168.10K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2026	2.88B	2.92B	+1.71%
FY2025	2.79B	2.87B	+1.52%
FY2024	2.74B	2.82B	+2.06%
FY2023	2.70B	2.77B	-0.72%
FY2022	2.70B	2.79B	-7.81%

Common questions about Oracle's financials

Source: Financial Modeling Prep

Oracle
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ORCL

Oracle financials

Oracle earnings

Revenue

EPS

Oracle growth and profitability

Revenue / Net income

How Oracle makes its money

Oracle revenue breakdown

By product

By region

Operating and free cash flow

Oracle financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Oracle valuation

Capital structure

Valuation over time

Oracle against its own history

Oracle dividends

Dividends per share

Oracle ownership

Insider trading

Shares outstanding

Common questions about Oracle's financials

Is Oracle profitable?

Is Oracle financially healthy?

Is Oracle growing?

Where can I find Oracle's annual report (10-K)?

Need help?

Oracle DQuotes are delayed by 15 minutes

ORCL

Oracle financials

Oracle earnings

Revenue

EPS

Oracle growth and profitability

Revenue / Net income

How Oracle makes its money

Oracle revenue breakdown

By product

By region

Operating and free cash flow

Oracle financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Oracle valuation

Capital structure

Valuation over time

Oracle against its own history

Oracle dividends

Dividends per share

Oracle ownership

Insider trading

Shares outstanding

Common questions about Oracle's financials

Is Oracle profitable?

Is Oracle financially healthy?

Is Oracle growing?

Where can I find Oracle's annual report (10-K)?

Need help?

Oracle
D
Quotes are delayed by 15 minutes