AI Takeaway
Oracle delivered strong FY2026 results with revenue surging 17.3% to $67.4B and net income jumping 37.3% to $17.1B, driven by robust cloud infrastructure demand, while total assets expanded 55.5% to $261.8B reflecting significant capital deployment.
Revenue
$67.36B
++17.35% YoY
EPS (Basic)
$5.94
++33.18% YoY
Operating Income
$20.61B
++16.56% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
Oracle's total revenue grew 17.3% year-over-year to $67.4B in FY2026 (from $57.4B in FY2025), reflecting strong momentum in cloud services and infrastructure offerings as enterprise customers accelerate digital transformation workloads.
Source: Source: 10-K Income Statement
Net income rose 37.3% to $17.1B, outpacing revenue growth and indicating meaningful operating leverage and/or favorable tax or non-operating items; net margin expanded to 25.4% from approximately 21.7% in the prior year.
Source: Source: 10-K Income Statement
Operating cash flow surged 53.6% to $32.0B, demonstrating Oracle's strong cash conversion and the scalability of its cloud business model, providing substantial capital for reinvestment and debt service.
Source: Source: 10-K Cash Flow Statement
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Upgrade to unlockOracle's investing outflows reached $51.9B in FY2026, nearly double the prior year, funded in part by $40.3B in financing inflows suggesting substantial new debt. If cloud revenue growth decelerates, the company may face difficulty servicing elevated debt obligations while maintaining its dividend and investment programs.
Source: Source: 10-K Cash Flow Statement & Balance Sheet
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Upgrade to unlockReported EPS of $2.03 versus the $2.00 analyst consensus — a +1.4% beat for FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $67.36B | $57.4B | +17.35% |
Operating Income | $20.61B | $17.68B | +16.56% |
Net Income | $17.09B | $12.44B | +37.32% |
EPS (Basic) | $5.94 | $4.46 | +33.18% |
EPS (Diluted) | $5.83 | $4.34 | +34.33% |
R&D Expense | $10.27B | $9.86B | +4.18% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $261.76B | $168.36B | +55.47% |
Current Assets | $46.57B | $24.58B | +89.46% |
Current Liabilities | $41.76B | $32.64B | +27.94% |
Stockholders' Equity | $42.51B | $20.45B | +107.85% |
Cash & Equivalents | $31.29B | $10.79B | +190.09% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $31.98B | $20.82B | +53.58% |
Investing Cash Flow | $-51.85B | $-21.71B | -138.84% |
Financing Cash Flow | $40.28B | $1.1B | +3568.85% |
Share Buybacks | $95M | $600M | -84.17% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 30.6% | 30.8% | -0.21% |
Net Margin | 25.4% | — | — |
ROE | 40.2% | — | — |
ROA | 6.5% | — | — |
Current Ratio | $1.115 | — | — |
Oracle reported strong financial performance in Q3 FY2026 with significant revenue and net income growth, driven by robust operational efficiency and strategic investments.
Oracle's Q2 FY2026 results show significant growth in net income and EPS, driven by strong revenue increases and strategic financial management.
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Oracle's revenue grew 17.3% year-over-year to $67.4B in FY2026, up from $57.4B in FY2025. This growth was driven by strong demand for cloud infrastructure and software services as enterprises accelerate their digital and AI workloads.
The headline takeaways from Oracle's FY2026 10-K are: revenue of $67.4B (+17.3%), net income of $17.1B (+37.3%), and operating cash flow of $32.0B (+53.6%). The company also made massive capital investments with $51.9B in investing outflows, signaling an aggressive push into AI-driven cloud infrastructure.
Yes, Oracle is highly profitable in FY2026, reporting net income of $17.1B and a net margin of 25.4%. Diluted EPS reached $5.83, up 34.3% from $4.34 in the prior year, reflecting strong earnings growth.
Based on the financial data, key risks include Oracle's aggressive capital expenditure program ($51.9B in investing outflows) funded by significant new debt, potential operating margin pressure from infrastructure costs, and execution risk in scaling its cloud data center capacity to meet demand. The current ratio of 1.12 also indicates limited short-term liquidity headroom.
Oracle's total assets surged 55.5% to $261.8B in FY2026, driven by a near-tripling of cash and equivalents to $31.3B and heavy capital investment in cloud infrastructure. The company raised $40.3B through financing activities (likely new debt issuance) to fund these investments, dramatically expanding its balance sheet.