Oracle (ORCL) financial statements
Oracle reported revenue of $67.4B in fiscal 2026, up 6.6% a year over 9 years.
Net income was $17.1B and the operating margin 30.6%, against 34.2% in 2017.
Free cash flow was -$23.7B, and the company returned $5.8B in dividends and $95M in net buybacks.
The diluted share count fell 31% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Oracle's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $37.8B | $39.4B | $39.5B | $39.1B | $40.5B | $42.4B | $50.0B | $53.0B | $57.4B | $67.4B |
| Cost of revenue | $2.8B | $2.9B | — | — | — | — | — | — | — | — |
| Gross profit | $23.0B | $24.3B | — | — | — | — | — | — | — | — |
| Research and development | $6.2B | $6.1B | $6.0B | $6.1B | $6.5B | $7.2B | $8.6B | $8.9B | $9.9B | $10.3B |
| Selling, general and admin | $9.3B | $9.7B | $9.8B | $9.3B | $8.9B | $9.4B | $10.4B | $9.8B | $10.3B | $9.9B |
| Operating income | $12.9B | $13.3B | $13.5B | $13.9B | $15.2B | $10.9B | $13.1B | $15.4B | $17.7B | $20.6B |
| Interest expense | $1.8B | $2.0B | $2.1B | $2.0B | $2.5B | $2.8B | $3.5B | $3.5B | $3.6B | $4.6B |
| Pre-tax income | $11.5B | $12.9B | $3.8B | $3.9B | $4.4B | -$629M | $1.5B | $3.0B | $4.4B | $8.7B |
| Income tax | $2.2B | $8.8B | $1.2B | $1.9B | -$747M | $932M | $623M | $1.3B | $1.7B | $2.5B |
| Net income | $9.5B | $3.6B | $11.1B | $10.1B | $13.7B | $6.7B | $8.5B | $10.5B | $12.4B | $17.1B |
| EPS (diluted) | $2.24 | $0.85 | $2.97 | $3.08 | $4.55 | $2.41 | $3.07 | $3.71 | $4.34 | $5.83 |
| Diluted shares | 4.22B | 4.24B | 3.73B | 3.29B | 3.02B | 2.79B | 2.77B | 2.82B | 2.87B | 2.91B |
| Gross margin | 60.9% | 61.7% | — | — | — | — | — | — | — | — |
| Operating margin | 34.2% | 33.7% | 34.3% | 35.6% | 37.6% | 25.7% | 26.2% | 29.0% | 30.8% | 30.6% |
| Net margin | 25.0% | 9.1% | 28.1% | 25.9% | 34.0% | 15.8% | 17.0% | 19.8% | 21.7% | 25.4% |
Balance sheet
Fiscal years, from Oracle's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $66.1B | $67.3B | $37.8B | $43.1B | $46.6B | $21.9B | $10.2B | $10.7B | $11.2B | $31.9B |
| Receivables | $5.3B | $5.1B | $5.1B | $5.6B | $5.4B | $6.0B | $6.9B | $7.9B | $8.6B | $10.4B |
| Inventory | $300M | $398M | $320M | $211M | $142M | $314M | $298M | $334M | $303M | — |
| Total current assets | $74.5B | $76.2B | $46.4B | $52.1B | $55.6B | $31.6B | $21.0B | $22.6B | $24.6B | $46.6B |
| Property, plant and equipment | $5.3B | $5.9B | $6.3B | $6.2B | $7.0B | $9.7B | $17.1B | $21.5B | $43.5B | $100.0B |
| Goodwill | $43.0B | $43.8B | $43.8B | $43.8B | $43.9B | $43.8B | $62.3B | $62.2B | $62.2B | $62.3B |
| Total assets | $135.0B | $137.9B | $108.7B | $115.4B | $131.1B | $109.3B | $134.4B | $141.0B | $168.4B | $261.8B |
| Total current liabilities | $24.2B | $19.1B | $18.6B | $17.2B | $24.2B | $19.5B | $23.1B | $31.5B | $32.6B | $41.8B |
| Total liabilities | $79.9B | $91.0B | $86.3B | $102.7B | $125.2B | $115.1B | $132.8B | $131.7B | $147.4B | $218.7B |
| Shareholders' equity | $53.9B | $46.4B | $21.8B | $12.1B | $5.2B | -$6.2B | $1.1B | $8.7B | $20.5B | $42.5B |
| Net debt | -$12.0B | -$17.1B | -$16.0B | -$34.9B | -$21.8B | -$17.6B | -$5.7B | $151M | -$3.5B | -$24.1B |
Cash flow
Fiscal years, from Oracle's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.1B | $15.4B | $14.6B | $13.1B | $15.9B | $9.5B | $17.2B | $18.7B | $20.8B | $32.0B |
| Capital spending | $2.0B | $1.7B | $1.7B | $1.6B | $2.1B | $4.5B | $8.7B | $6.9B | $21.2B | $55.7B |
| Free cash flow | $12.1B | $13.7B | $12.9B | $11.6B | $13.8B | $5.0B | $8.5B | $11.8B | -$394M | -$23.7B |
| Stock-based compensation | $1.4B | $1.6B | $1.7B | $1.6B | $1.8B | $2.6B | $3.5B | $4.0B | $4.7B | $4.8B |
| Dividends paid | $2.6B | $3.1B | $2.9B | $3.1B | $3.1B | $3.5B | $3.7B | $4.4B | $4.7B | $5.8B |
| Share buybacks (net) | -$3.6B | -$11.3B | -$36.1B | -$19.2B | -$20.9B | -$16.2B | -$1.3B | -$1.2B | -$600M | -$95M |
| Net borrowing | $13.6B | -$9.8B | -$4.5B | -$4.5B | -$2.6B | -$8.2B | -$20.6B | -$3.7B | -$14.0B | -$9.2B |
| Free cash flow margin | 32.0% | 34.7% | 32.6% | 29.6% | 34.0% | 11.8% | 17.0% | 22.3% | -0.7% | -35.2% |
| Dividends per share | $0.62 | $0.74 | $0.79 | $0.93 | $1.01 | $1.24 | $1.33 | $1.56 | $1.65 | $1.99 |
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Open ORCL in InvestinglyQuestions
What was Oracle's revenue in 2026?
$67.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Oracle generate?
-$23.7B in fiscal 2026 (operating cash flow minus capital spending).
From Oracle's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.