ORCL · 10-K · 2026A · Full report
Remaining performance obligations
ORACLE CORP · 2026-06-22 · Importance 100 · Surprise 100 · From source text
Remaining performance obligations (RPO) increased to $638 billion as of May 31, 2026 from $138 billion a year earlier, a very large year-over-year increase driven primarily by certain significant cloud contracts entered during the period. Oracle attributes the RPO increase to new large cloud agreements, implying materially higher contracted future revenue and multi‑year visibility from cloud customers. The company directs readers to Note 1 for more detail on the composition and timing of RPO. This large backlog expansion signals strong demand for Oracle’s cloud services from enterprise customers.
Key facts
- Remaining performance obligations were $638 billion as of May 31, 2026 and $138 billion as of May 31, 2025. source
- Oracle attributed the increase in remaining performance obligations as of May 31, 2026 primarily to certain significant cloud contracts entered into during the period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | +371.1% | Remaining performance obligations were $638 billion as of May 31, 2026 and $138 billion as of May 31, 2025. |