ORCL · 10-K · 2026A

ORACLE CORP

Filed 2026-06-22 · Technology · View original filing on EDGAR

Ranked Events

• Remaining performance obligationsImportance 100 · Surprise 100
  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…
• Operating Cash Flow TrendsImportance 89 · Surprise 82
  Net cash provided by operating activities for fiscal 2026 was $31,977 million, a 54% increase versus the prior year, driven by higher net income adjusted for non-cash charges and favorable working capital changes.…
• Cloud and Software GrowthImportance 89 · Surprise 82
  Cloud infrastructure revenue grew 77% reported (75% constant currency) in fiscal 2026, contributing 84% of the constant currency growth in cloud revenues for the year. Cloud applications grew 11% (10% constant…
• Interest Expense and IndebtednessImportance 86 · Surprise 84
  Interest expense increased to $4,599 million in fiscal 2026, a 29% increase versus fiscal 2025, primarily due to higher average borrowings driven by the issuance of $43.0 billion of senior notes in fiscal 2026 and an…
• Free cash flow / cash conversionImportance 82 · Surprise 82
  Oracle calculates non‑GAAP free cash flow as net cash provided by operating activities less capital expenditures and reported free cash flow of $(23,686) million for the year ended May 31, 2026. The company’s free cash…
• Capital Return ProgramImportance 76 · Surprise 82
  The Board's common stock repurchase program had approximately $6.3 billion remaining authorization as of May 31, 2026. Oracle repurchased 0.4 million shares for $93 million in fiscal 2026 versus 3.9 million shares for…
• Geographic Revenue ShiftImportance 73 · Surprise 66
  Total revenues grew $10.0 billion to $67.4 billion in fiscal 2026, with cloud and software accounting for $9.3 billion of that increase. The Americas region was the dominant driver, contributing 88% of…
• Senior notes issuance / indebtednessImportance 71 · Surprise 60
  During fiscal 2026 Oracle materially increased its debt and liquidity arrangements: it issued $43.0 billion par value of senior notes across maturities from 2029 to 2066, and issued $5.0 billion of 6.50% Series D…
• Unrecognized income tax benefitsImportance 64 · Surprise 42
  As of May 31, 2026 Oracle recorded $13.2 billion of gross unrecognized income tax benefits, including related interest and penalties, on its consolidated balance sheet. The company states the nature of these amounts is…
• Liquidity and Cash PositionImportance 64 · Surprise 42
  Cash and cash equivalents consist primarily of deposits at major banks, money market funds and securities with original maturities of 90 days or less. The increase in cash, cash equivalents and marketable securities as…
• Capital expenditures / datacenter expansionImportance 58 · Surprise 42
  Cloud and software expenses increased materially, with management attributing the constant-currency increase in expenses primarily to a $5.7 billion increase in infrastructure expenses in fiscal 2026 versus fiscal…
• Amortization of Intangible AssetsImportance 55 · Surprise 66
  Amortization of intangible assets declined by $636 million (a 28% decrease) in fiscal 2026 compared with fiscal 2025 as certain acquired intangible assets became fully amortized. The reduction in amortization expense…
• Revenue Performance and MixImportance 54 · Surprise 40
  Total revenues increased $10.0 billion (17% reported, 16% constant currency) to $67,357 million in fiscal 2026 from $57,399 million in fiscal 2025. The increase was driven by a $9.3 billion rise in cloud and software…
• Provision for Income TaxesImportance 53 · Surprise 60
  Provision for income taxes increased in fiscal 2026 primarily due to a $933 million unfavorable impact from the enactment of the U.S. One, Big, Beautiful Bill Act (signed July 4, 2025) which required a remeasurement of…
• Customer Prepayments and Contract StructureImportance 52 · Surprise 42
  Management reports that operating cash flows benefited from $4.6 billion of cash inflows from customer prepayments that include a significant financing component. These prepayments are part of favorable working capital…
• Cash DividendsImportance 47 · Surprise 6
  In fiscal 2026 Oracle declared and paid aggregate cash dividends totaling $63 million on Mandatory Convertible Preferred Stock ($1,263.89 per depositary share) and $5.7 billion on common stock ($2.00 per common share).…
• Restructuring and Other ExpensesImportance 46 · Surprise 42
  Restructuring and other expenses increased by $1.5 billion in fiscal 2026 versus fiscal 2025, primarily due to higher restructuring expenses tied to the Fiscal 2026 Oracle Restructuring Plan (2026 Restructuring Plan).…
• Total Operating Expense TrendsImportance 44 · Surprise 24
  Total GAAP operating expenses increased by $7.0 billion in fiscal 2026 versus fiscal 2025, driven primarily by a $6.0 billion increase in cloud and software expenses (mainly infrastructure), a $1.5 billion increase in…
• Non-Operating Income — Ampere SaleImportance 43 · Surprise 60
  Non-operating income, net increased by $3.5 billion in fiscal 2026 relative to fiscal 2025, primarily due to a $2.7 billion gain from the sale of Oracle’s investment in Ampere Computing Holdings LLC (Ampere). The…
• Research and Development ExpensesImportance 42 · Surprise 14
  Research and development expenses increased $412 million (3% reported and constant currency) to $7,467 million in fiscal 2026 from $7,222 million in fiscal 2025. The constant currency increase was primarily driven by a…

Revenue by Product (in millions)

Revenue by Geography (in millions)