ORCL
SP100NYSEOracle Corporation
Technology · Software - Infrastructure · United States
Oracle Corporation offers products and services that build, run and support enterprise information technology frameworks worldwide. Its Oracle cloud software as a service offering includes various cloud software applications, including Oracle Fusion cloud enterprise resource planning ERP, Oracle Fusion cloud enterprise performance management EPM, Oracle Fusion cloud supply chain and manufacturing management SCM, Oracle Fusion cloud human capital management HCM, and NetSuite applications suite, Oracle Health applications, as well as Oracle Fusion Sales, Service, and Marketing. The company also offers cloud-based industry solutions for various industries; Oracle cloud license and on-premise license; and Oracle license support services. In addition, it provides cloud and license business' infrastructure technologies, such as the Oracle Database and MySQL Database; Java, a software development language; and middleware, including development tools and others. The company's cloud and license business' infrastructure technologies also comprise cloud-based compute, storage, and networking capabilities; and Oracle autonomous database, as well as AI, Internet-of-Things, machine learning, digital assistant, and blockchain. Further, it provides hardware products and other hardware-related software offerings, including Oracle engineered systems, enterprise servers, storage solutions, industry-specific hardware, virtualization software, operating systems, management software, and related hardware support services, and consulting and advanced customer services. It markets and sells its cloud, license, hardware, support, and services offerings directly to businesses in various industries, government agencies, and educational institutions, as well as through indirect channels. Oracle Corporation has a strategic alliance with Metron, Inc. The company was founded in 1977 and is headquartered in Austin, Texas.
www.oracle.com ↗Shares trade at a moderate 24.0× trailing earnings, easing to 12.8× on forward estimates. Profitability shows a net margin of 25.4% and return on equity of 53.4%. Leverage is high at 4.4× net debt/EBITDA. Revenue grew 20.6% year-on-year. It yields 1.4% in dividends. The mean analyst target of USD251.85 sits 79.5% above the current price (Buy, 40 analysts).
business model
Oracle provides enterprise software and cloud services, generating revenue from cloud infrastructure (OCI), cloud and on-premise applications (including Fusion and NetSuite ERP), database licenses and support, and hardware. It has shifted its model toward recurring cloud subscriptions and consumption-based cloud infrastructure while retaining a large, high-margin database license-support base.
revenue segments
Revenue is reported primarily across Cloud services and license support (the largest and most recurring segment), Cloud license and on-premise license, Hardware, and Services. Cloud infrastructure and cloud applications are the fastest-growing components, with database support providing a stable annuity.
key dependencies
Depends on its dominant installed base of database customers, migration of workloads to OCI, large AI-training capacity commitments, and continued adoption of Fusion and NetSuite applications. Data-center capital expenditure and access to GPUs and power are increasingly important dependencies.
competitors
Competes in cloud infrastructure with Amazon AWS, Microsoft Azure, and Google Cloud; in databases with Microsoft, SAP, and open-source and cloud-native databases; and in enterprise applications with SAP, Salesforce, Workday, and Microsoft. NetSuite competes with mid-market ERP vendors.
moat
Oracle's moat rests on its entrenched database technology, deep mission-critical integration into customer systems, high switching costs for ERP and database workloads, and a large recurring support base. Ownership of both the database and applications layer supports cross-selling.
risks
Risks include heavy capital spending to build AI-oriented cloud capacity that pressures free cash flow, intense competition from larger hyperscalers, customer concentration in large AI-cloud contracts, and the challenge of migrating legacy customers to cloud without eroding license-support revenue.
Financials & metrics
as of 28 Aug 2026Price is closer to the low end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
Tap any metric for an explanation.● provider● computedN/A not available from source
Valuation history is being recorded
We snapshot P/E and price targets daily. This chart fills in over the coming days.
Full financial statements
Income statement
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total revenue | $67.36B | $57.40B | $52.96B | $49.95B | — |
| Cost of revenue | $23.02B | $16.93B | $15.14B | $13.56B | — |
| Gross profit | $44.34B | $40.47B | $37.82B | $36.39B | — |
| Operating expense | $21.89B | $22.42B | $21.75B | $22.62B | — |
| R&D | $10.27B | $9.86B | $8.91B | $8.62B | — |
| Operating income | $22.44B | $18.05B | $16.07B | $13.77B | — |
| Interest expense | $4.60B | $3.58B | $3.51B | $3.50B | — |
| Pretax income | $19.55B | $14.16B | $11.74B | $9.13B | — |
| Tax provision | $2.47B | $1.72B | $1.27B | $623.00M | — |
| Net income | $17.09B | $12.44B | $10.47B | $8.50B | — |
| EBITDA | $33.45B | $23.91B | $21.39B | $18.74B | — |
| Diluted EPS | $5.83 | $4.34 | $3.71 | $3.07 | — |
Balance sheet
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | $261.76B | $168.36B | $140.98B | $134.38B | — |
| Current assets | $46.57B | $24.58B | $22.55B | $21.00B | — |
| Cash & equivalents | $31.29B | $10.79B | $10.45B | $9.77B | — |
| Total liabilities | $218.70B | $147.39B | $131.74B | $132.83B | — |
| Current liabilities | $41.76B | $32.64B | $31.54B | $23.09B | — |
| Total debt | $156.19B | $104.10B | $93.12B | $90.48B | — |
| Long-term debt | $122.34B | $85.30B | $76.26B | $86.42B | — |
| Shareholders' equity | $42.51B | $20.45B | $8.70B | $1.07B | — |
| Retained earnings | -$4.31B | -$15.48B | -$22.63B | -$27.62B | — |
| Working capital | $4.80B | -$8.06B | -$8.99B | -$2.09B | — |
Cash flow
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating cash flow | $31.98B | $20.82B | $18.67B | $17.16B | — |
| Investing cash flow | -$51.85B | -$21.71B | -$7.36B | -$36.48B | — |
| Financing cash flow | $40.28B | $1.10B | -$10.55B | $7.91B | — |
| Capital expenditure | -$55.66B | -$21.21B | -$6.87B | -$8.70B | — |
| Free cash flow | -$23.69B | -$394.00M | $11.81B | $8.47B | — |
| Dividends paid | -$5.79B | -$4.74B | -$4.39B | -$3.67B | — |
| Share buybacks | -$206.00M | -$1.50B | -$3.24B | -$2.50B | — |
| End cash position | $31.29B | $10.79B | $10.45B | $9.77B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 28 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 27 Aug 2026News
Sector peers
Notes & alerts
Sign in to keep a private research note and set price alerts for ORCL.