Oracle Posts Higher Full-Year Revenue, Operating Income, Net Income and Diluted EPS as Cash Generation Strengthens

Bottom line

The filing for ORACLE CORP under 10-K for period-ended-2026-05-31, filed with accession 0001193125-26-277521 and identified by CIK 0001341439 under ticker ORCL, presents a full year in which every headline measure moved higher than the prior year. Revenue from Contract with Customer, Excluding Assessed Tax reached $67,357,000,000 for the twelve months ended May 31, 2026, up from $57,399,000,000 in the twelve months ended May 31, 2025; the separately reported Revenues line printed $67,357,000,000 for the current twelve-month period against $57,399,000,000 for the prior-year comparative. Operating Income (Loss) was $20,606,000,000 for the current period versus $17,678,000,000 for the prior period, with both periods remaining profitable. Net Income (Loss) Attributable to Parent reached $17,087,000,000 in the current year compared with $12,443,000,000 the year before, again a profit-to-profit transition. Earnings Per Share, Diluted printed $5.83 per diluted share USD/SHARES for the current period versus $4.34 per diluted share USD/SHARES for the prior period.

The narrative framing the financial tables describes Oracle as a provider of products and services that "build, run and support enterprise information technology (IT) frameworks," spanning cloud and software, hardware, and services businesses, with cloud offerings delivered through Oracle Cloud Applications (OCA) and Oracle Cloud Infrastructure (OCI). Management positions broad deployment flexibility, including cloud, on-premise, hybrid such as Oracle Exadata Cloud@Customer, and multicloud options, as central to growth strategy, and highlights embedded AI-driven automation, analytics, and generative AI capabilities across the portfolio. Forward-looking-statement language around "anticipates," "believes," "could," "expects," and similar terms is provided, with risk factors cross-referenced to Item 1A and management discussion to Item 7. The filing evidence does not attribute this change to any single cause.

The authorised comparisons confirm a year-over-year increase across revenue (both reported lines), operating income, net income attributable to parent, and diluted earnings per share, alongside a profit-to-profit transition on each profitability measure. No segment-level breakout, cost decomposition, or contribution analysis is supplied for these movements.

No counterpoint figures are presented in the source narrative; only one set of period values and one set of prior-year comparatives appears.

The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison.

Financial performance

Oracle Corporation filed the period report 10-K covering the twelve-month fiscal period the twelve months ended May 31, 2026 under accession 0001193125-26-277521 for CIK 0001341439 and ticker ORCL, and the audited consolidated statements present a full twelve-month view rather than a quarter-only or year-to-date window. - Revenue from Contract with Customer, Excluding Assessed Tax was $67,357,000,000 USD for the twelve-month period the twelve months ended May 31, 2026, against a prior-year comparative of $57,399,000,000 USD for the twelve months ended May 31, 2025. - A second revenue line, captioned Revenues, was $67,357,000,000 USD for the twelve months ended May 31, 2026, compared with $57,399,000,000 USD for the twelve months ended May 31, 2025, reflecting two reporting captions of the same top-line concept. - Operating Income (Loss) was $20,606,000,000 USD for the current twelve-month period, higher than $17,678,000,000 USD for the twelve months ended May 31, 2025. - Net Income (Loss) Attributable to Parent was $17,087,000,000 USD for the twelve months ended May 31, 2026, higher than $12,443,000,000 USD for the twelve months ended May 31, 2025. - Earnings Per Share, Diluted was $5.83 per diluted share USD/SHARES for the twelve months ended May 31, 2026, compared with $4.34 per diluted share USD/SHARES for the twelve months ended May 31, 2025.

Management frames the period around Oracle's three businesses — cloud and software, hardware, and services — and describes Oracle Cloud as designed for rapid deployment, interoperability with multicloud environments, usage-based cost structure, and embedded AI capability for customer workflows. - Management describes its installed base as migrating from on-premise applications and infrastructure toward Oracle Cloud and notes that the cloud share of total revenues has been rising.

On a full-year basis, every top-line and bottom-line metric the filing discloses moved in the same authorized direction: higher revenue, higher operating income, higher net income, and higher diluted EPS, with each metric remaining in profit territory versus the prior-year profit. - Because the filing is the annual report, the only meaningfully defined comparison window in this section is the prior twelve-month comparative; quarterly comparisons and guidance commentary are not the substance of this report's primary financial statements. - The duplication of revenue under two captions (Revenue from Contract with Customer, Excluding Assessed Tax and Revenues) is the reporting taxonomy, not a sign of double counting, and readers should treat both lines as the same top-line measure.

The filing does not present any quarter-versus-quarter figures in the audited statements, so a quarter-over-quarter move cannot be inferred from this report alone. - The filing does not present peer or industry benchmark figures for Oracle, so a market-share or peer-relative claim cannot be made from this evidence.

No guidance range for the next fiscal year is included in the audited statements section of this filing; forward-period expectations are addressed elsewhere in the annual report rather than in the financial statements themselves. - The filing evidence does not attribute this change to any single cause.

Operating drivers and segments

- Oracle reports a single operating-results measure for the twelve-month period: Operating Income (Loss) was $20,606,000,000 USD for the twelve months ended May 31, 2026, compared with $17,678,000,000 USD for the twelve months ended May 31, 2025, an authorized increase from a profit to a higher profit. - Top-line growth is reported on the same consolidated basis, with Revenue from Contract with Customer, Excluding Assessed Tax of $67,357,000,000 USD for the twelve months ended May 31, 2026 versus $57,399,000,000 USD for the twelve months ended May 31, 2025, an authorized increase. A second headline label, Revenues, also rose to $67,357,000,000 USD from $57,399,000,000 USD, an authorized increase. - The filing does not break out segment revenue or segment operating margin within the cited financial-statement excerpts; cloud versus license versus hardware, and geographic splits, are not quantified in the filing evidence for this section.

- Management frames the operating story around Oracle Cloud, comprising Oracle Cloud Applications (OCA) and Oracle Cloud Infrastructure (OCI), which are described as "comprehensive and integrated applications and infrastructure services." OCA is presented as a suite covering Enterprise Resource Planning (which includes Enterprise Performance Management and Supply Chain and Manufacturing Management), Human Capital Management, Customer Experience, NetSuite Applications Suite (marketed to small and medium-sized organizations), and Oracle Health applications. - Management emphasizes deployment flexibility — cloud-based, on-premise and hybrid models — and highlights Oracle Exadata Cloud@Customer and multicloud options, with the stated belief that this breadth "is important to our growth strategy" and "better addresses customer needs relative to our competitors." - AI capabilities are highlighted as a cross-cutting layer, described as embedded automation, analytics and generative AI features within applications and infrastructure offerings. Management also flags forward-looking language cautioning that results could differ materially because of risks discussed under Item 1A (Risk Factors) and Item 7 (Management's Discussion and Analysis).

Cash flow and capital

- Oracle's operating cash engine continued to deliver for ORACLE CORP in the twelve months ended May 31, 2026, with Net Cash Provided by (Used in) Operating Activities of $31,977,000,000 USD, a higher reading than the $20,821,000,000 USD recorded in the twelve months ended May 31, 2025. The current-period result remains positive, and the year-over-year change in this line is authorized as an increase. Because the 10-K itself does not walk through a specific driver narrative for the gap, the section treats the cause as The filing evidence does not attribute this change to any single cause..

- Investing activity stayed in outflow territory on both sides of the comparison. Net Cash Provided by (Used in) Investing Activities came in at -$51,854,000,000 USD for the twelve months ended May 31, 2026, against -$21,711,000,000 USD for the twelve months ended May 31, 2025, with the current figure also negative and authorized to move lower versus the prior year. Within that envelope, capital spending rose: Payments to Acquire Property, Plant, and Equipment reached $55,663,000,000 USD for the twelve months ended May 31, 2026, up from $21,215,000,000 USD a year earlier, reinforcing a heavier build-out cadence alongside the larger operating-cash generation.

- Financing activity remained a net positive use of cash on both sides of the comparison. Net Cash Provided by (Used in) Financing Activities was $40,284,000,000 USD for the twelve months ended May 31, 2026 versus $1,098,000,000 USD for the twelve months ended May 31, 2025, with the authorized direction again pointing to an increase. The makeup shows two offsetting shifts: Payments for Repurchase of Common Stock declined to $95,000,000 USD from $600,000,000 USD, while Payments of Ordinary Dividends, Common Stock stepped up to $5,787,000,000 USD from $4,743,000,000 USD.

The mix tilts visibly from buybacks toward ordinary dividends, while total cash returned to shareholders still moves higher overall because the dividend rise outweighs the buyback pullback. - The period-end cash position stands at $31,289,000,000 USD of Cash and Cash Equivalents, at Carrying Value as of the balance sheet date of May 31, 2026. Cross-period arithmetic and any free-cash-flow bridging between operating cash, capital outlays and balance-sheet cash are out of scope here; readers seeking cross-company context on capital return swings can compare with peer stories such as the AES Corp interim filing summary or the Costco Wholesale earnings update, which cover dividend and capex dynamics in adjacent filings, while The filing evidence contains no peer or industry comparison.

for this specific filing. - No balance-sheet liability ratios, leverage commentary or working-capital trend are drawn here, because the section's catalog only authorises the cash-flow and capital-allocation fact keys above and the period-end cash balance; any further inference on debt mix or liquidity composition would require figures outside the supplied evidence.

Peer and historical context

- On a year-over-year basis for the twelve-month period, ORACLE CORP (ORCL) reported higher revenue, higher operating income and higher net income relative to the prior fiscal year, consistent with the authorized transition from a profit to a profit across all three profitability lines in the catalog. - Cash generation also strengthened: Net Cash Provided by (Used in) Operating Activities for the twelve months ended May 31, 2026 was higher than for the twelve months ended May 31, 2025, again matching the catalog's authorized direction. None of the filed statements are described in the filing evidence as having moved the other way on these dimensions. - The two revenue lines recorded side-by-side in the filing — Revenue from Contract with Customer, Excluding Assessed Tax and the broader Revenues caption — both moved higher, so the topline lift is visible across how the company books sales rather than confined to a single caption. - The filing evidence contains no peer or industry comparison, so any cross-company read (versus enterprise-software peers or broader indices) cannot be made from this filing alone. The filing evidence contains no peer or industry comparison. - The filing evidence does not disclose segment-level detail for this dimension, so the historical comparison cannot be broken out between cloud, license, hardware or services inside the twelve-month view. The filing evidence does not disclose segment-level detail for this dimension. - The filing evidence does not attribute this change to any single cause.

Against its own prior-year footprint, ORACLE CORP (ORCL) posted a fuller-year picture that is uniformly stronger on the dimensions the catalog authorizes for comparison. Revenue from Contract with Customer, Excluding Assessed Tax for the twelve months ended May 31, 2026 reached $67,357,000,000 USD, up from $57,399,000,000 USD in the twelve months ended May 31, 2025, and the parallel Revenues caption moved in the same direction — from $57,399,000,000 USD to $67,357,000,000 USD. Operating Income (Loss) climbed to $20,606,000,000 USD from $17,678,000,000 USD, and Net Income (Loss) Attributable to Parent rose to $17,087,000,000 USD from $12,443,000,000 USD, keeping the company in profit on both sides of the comparison. Operating cash flow tracked the same arc: Net Cash Provided by (Used in) Operating Activities increased to $31,977,000,000 USD from $20,821,000,000 USD. The filing evidence does not attribute this change to any single cause.

Looking further back, the filings indexed elsewhere on the site show how uneven that same twelve-month shape has been for other reporters: SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views in Form (Accession and Costco Wholesale Posts Higher Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and the Eight-Month Year-to-Date Windows illustrate how peers with very different business models have nonetheless printed full-year directional moves that contrast with one another, reinforcing that the twelve-month direction is itself a meaningful axis of comparison even before any like-for-like peer set is fixed. The catalog does not list peer financials for direct benchmarking against ORCL, so any single-name read against a named competitor would go beyond what the filing evidence supports; The filing evidence contains no peer or industry comparison. and The filing evidence does not disclose segment-level detail for this dimension. apply, and the historical view here is therefore restricted to ORACLE CORP's own year-over-year change set out above.

Scenario analysis

In the base path, the company carries forward the same directional pattern that the reported period exhibits. Full-year revenue from contracts with customers sits at $67,357,000,000 USD, above the prior-year figure of $57,399,000,000 USD. The second revenue line, revenues, also prints higher at $67,357,000,000 USD against $57,399,000,000 USD the year before. Net income attributable to parent rises to $17,087,000,000 USD from $12,443,000,000 USD. Diluted earnings per share register as higher than the prior full-year reading on a profit-to-profit transition. The base case assumes that the cloud-infrastructure build-out described in the filing — Oracle Cloud Infrastructure, Oracle Autonomous AI Database, multicloud deployment options and dedicated-region capacity — continues to convert into recognized revenue at a pace consistent with the period just reported, and that operating cash generation expands alongside the top line.

A constructive read layers faster enterprise adoption of OCI and the Oracle Autonomous AI Database on top of the reported trajectory. Customer demand shifts toward the higher-value offerings the filing emphasizes, including GPU-based compute for AI training and inference, Oracle Alloy for partners, and Oracle Sovereign Cloud for regulated industries. Multicloud arrangements with third-party hyperscalers deepen, lifting consumption revenue per customer. In this path, revenue from contracts with customers compounds faster than the reported full-year growth, the second revenue line follows similarly, and net income attributable to parent expands at a stronger pace on continued operating income growth, while capital expenditure for property, plant and equipment rises as OCI regions and data-center footprint extend. Share repurchases continue and ordinary dividend payments step up alongside earnings.

A softer path assumes that customer migration to OCI slows, that AI-related workloads yield lower consumption revenue than expected, and that capital intensity from the OCI build-out pressures margins before scale benefits arrive. Competition from other hyperscalers and pricing pressure on cloud services weigh on contract revenue. In this scenario, revenue from contracts with customers grows more slowly than the reported print, the second revenue line tracks similarly, and net income attributable to parent moderates even though it remains a profit on a year-over-year profit-to-profit transition. Operating cash flow still expands but at a more measured pace, capital expenditure stays elevated, and the pace of share repurchases eases while ordinary dividend payments continue to rise modestly.

Risks and what to watch

- Risk factors are presented by management under Item 1A and quantitative and qualitative market risk disclosures under Item 7A. The cited note Note 13 lists commitments and contingencies that could affect future cash outflows. The filing evidence does not quantify the probability or potential magnitude of these risks, so the catalogue here is descriptive only.

- Counter-evidence to a uniformly optimistic read of the full-year picture sits in the cash flow statement. Capital intensity increased, with payments to acquire property, plant, and equipment higher than the prior period. Financing activity also stepped up, with payments for repurchase of common stock lower than the prior period and payments of ordinary dividends on common stock higher than the prior period.

Investing activity used more cash than the prior period. These directional readings temper the headline growth in revenue and earnings and remind readers that capital returns and infrastructure spend are being scaled alongside the operating business. - Segment detail is a known unknown for this view.

The filing evidence does not disclose segment-level detail for this dimension. The cited filing groups cloud and license outcomes under broad captions rather than disclosing stand-alone segment economics at the granularity analysts typically model, which limits the ability to attribute the year's gains to any single product family described in the narrative. - Causality is similarly limited.

The filing evidence does not attribute this change to any single cause. The commentary on Oracle Autonomous AI Database and Oracle AI Database reads as product capability description rather than quantified driver analysis, so the filing does not tie the full-year revenue or earnings outcome to a single identified cause. - Peer context is also missing.

The filing evidence contains no peer or industry comparison. The filing evidence contains no peer or industry comparison, so the year's results should be read against the company's own prior period rather than against a sector benchmark contained in the filing. - Governance and control items are addressed under Item 9A, with related-party and beneficial ownership matters addressed under Item 12 and executive compensation under Item 11.

The filing does not flag any disagreements with accountants under Item 9. - Unknowns to carry into the next period include the trajectory of cloud consumption versus on-premise license demand, the cadence of capital returns between buybacks and dividends, and the realization of any contingent items referenced in the cited commitments note. Readers comparing large technology peers may also want to consult adjacent coverage such as the SMITH A O CORP (AOS) Reports Softer Revenue, Operating Income, Net Income, and Diluted EPS on Both the Quarter and Six-Month Year-to-Date Views in Form (Accession insight to see how another industrial technology name framed softer top-line and bottom-line outcomes, a useful structural parallel when assessing whether Oracle's mix is shifting.

- Metrics to watch next period are the revenue line under both reported captions, which closed higher than the prior period at $67,357,000,000 USD against $57,399,000,000 USD and at $67,357,000,000 USD against $57,399,000,000 USD; net income attributable to parent, which moved higher to $17,087,000,000 USD from $12,443,000,000 USD; operating income, which also moved higher; and the cash-flow directional readings cited above, since each represents a capital-allocation or reinvestment choice that will compound into the next twelve-month window the twelve months ended May 31, 2026 and be reported under 10-K for ORACLE CORP (ORCL, CIK 0001341439, accession 0001193125-26-277521).