Skip to content
AnalystLens

ORACLE CORPORCL

Sector
Technology
Industry
Services-Prepackaged Software
Exchange
NYSE

Stock Price $ORCL

Latest filings

You are here#12 of 67 in Technology by market cap

Filing record · 2016–202610-K1110-Q328-K98

ORCL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 98 current reports (8-K) between 2016 and 2026.

  1. FY2017 annual report10-K · Jun ’17Jun ’17
  2. Leadership change8-K · Dec ’19Dec ’19
  3. Deal closed8-K · Jun ’22Jun ’22
  4. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Share Class
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $67.36B
YoY changeLargest recent move+17.7%in FY23Latest +17.3%

1 older move runs past ±20% (largest +32.8%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2026Click a bar to open its SEC filing

View full history →
All ORCL Financial Metrics62 metrics

Income Statement17

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

ORACLE CORP Financial Overview 2022–2026

Updated Jul 10, 2026

Oracle's capital expenditures surged 162% to an unprecedented $55.7 billiona in FY2026—a massive outlay that underscores the company's aggressive strategy to capture surging cloud and AI demand. The central investment thesis is clear: Oracle has decisively transformed from a legacy on-premise software provider into a high-growth cloud infrastructure heavyweight, weaponizing its balance sheet to fund relentless data center expansion.

The company's core cloud and software segment steadily expanded its footprint, growing from 85% of total revenues in FY2022 to 87% of total revenues in FY2026. During FY2026, total revenues jumped 17% to $67.4 billionb, heavily driven by 77% growth in its cloud infrastructure unit. Despite these aggressive capital outlays and a $1.8 billion restructuring charge, Oracle defended its profitability, holding its operating margin steady at 31%. However, the immense infrastructure build-out pushed free cash flow to a negative $(23.7) billion for the year, prompting the company to issue $43.0 billion in senior notes to sustain its operations and liquidity.

The market has enthusiastically endorsed this capital-intensive pivot. At the close of FY2025, Oracle commanded a $464.6 billion market capc, trading at a 38.1x P/E ratio with a stock price of $165.53. This valuation premium expanded further as shares climbed to $225.78 by the end of FY2026, reflecting deep investor conviction that the company's high-stakes bets on data center capacity will yield long-term market dominance.

Recent Developments (Q3 and Q4 2026)

Beyond Oracle's infrastructure build-out, the second half of FY2026 was defined by a significant executive transition and aggressive capital raising. On April 6, 2026, Hilary Maxson assumed the Chief Financial Officer role, inheriting a balance sheet newly fortified by a $20.0 billiond at-the-market equity program and $5.0 billion in mandatory convertible preferred stock. Operationally, quarterly growth remained exceptional; in Q3 2026, total revenues surged 22% to $17.19 billion, while cloud revenues jumped 24% to $15.03 billion and net income expanded to $3.72 billion.

Bulls argue this top-line acceleration easily justifies the premium pricing, with shares trading at 40.3x earnings as of June 22, 2026. Conversely, bears warn that a 20% spike in Q3 2026 operating expenses to $11.73 billione—coupled with impending equity dilution—could severely pressure per-share earnings if capacity outpaces near-term demand.

What to watch: financial strategy execution under the new Chief Financial Officer; potential equity dilution from the convertible preferred stock and at-the-market program.

03—Filings

Recent SEC Filings

  1. 8-KORACLE CORP 8-K Report, Corporate Update (Sep 14, 2026)Oracle Corporation (ORCL) filed an 8-K on September 14, 2026, to announce a significant development regarding its Executive Chair and Chief Technology Officer, Larry Ellison. Mr. Ellison has elected to cancel his previously established 10b5-1 trading plan for selling Oracle stock. This decision is noteworthy as no shares were actually sold under the plan before its termination. This announcement is crucial for investors as it signals a potential shift in Mr. Ellison's intentions regarding his personal holdings in Oracle. While 10b5-1 plans are typically set up to allow insiders to sell shares predictably and avoid concerns about insider trading, the cancellation can be interpreted in various ways. Investors will likely be looking for further clarity on the reasons behind this cancellation and what it might imply about Mr. Ellison's confidence in Oracle's future prospects, or potential alternative plans for his stake.
  2. 8-KORACLE CORP 8-K Report, Financial Results (Sep 10, 2026)Oracle reported fiscal Q1 2027 results (quarter ended August 31, 2026) that were driven by very strong cloud growth, particularly Cloud Infrastructure (IaaS), which rose 121% in USD to $7.4 billion. Total revenue grew 30% to a record $19.3 billion, total cloud revenue rose 62% to $11.6 billion, and Software revenue declined 3% to $5.5 billion as customers migrated to the cloud. GAAP diluted EPS was $1.56 (up 55%) and non-GAAP diluted EPS was $1.92 (up 30%). Remaining performance obligations (RPO) climbed to $664 billion, up $209 billion year over year, and operating cash flow reached a record $23.1 billion. However, free cash flow was negative $5.4 billion because capital expenditures of $28.5 billion more than absorbed operating cash flow, and the company raised $20 billion of common stock through an at-the-market program to help fund the buildout. The quarter's main investor tension is between growth and funding. Interest expense rose 55% to $1.4 billion, total debt and other borrowings remain large at roughly $125 billion, and stockholders' equity increased from $43.1 billion to $67.2 billion largely because of the equity issuance. Management raised full-year FY27 revenue guidance to at least $90 billion, but kept non-GAAP EPS guidance at $8.10. For Q2 FY27, management guided total revenue growth of 30% to 34% and non-GAAP EPS of $1.85 to $1.93 in USD. That EPS range implies a year-over-year decline of 18% to 14% once the one-time Ampere gain in the prior-year quarter is included, a point the company highlighted in a footnote. The filing also declared a $0.50 quarterly common dividend payable October 23, 2026, and a $1,625 per-share dividend on the Mandatory Convertible Preferred Stock payable October 15, 2026. Management says new AI cloud contracts of more than $30 billion booked in the quarter require no incremental capital-raising beyond current plans. Investors should weigh the strong demand signals and backlog against elevated capital intensity, negative free cash flow, dilution, and leverage.
  3. 8-KORACLE CORP 8-K Report, Financial Results (Jun 10, 2026)Oracle reported record fiscal fourth-quarter and full-year fiscal 2026 results on June 10, 2026. Q4 total revenue rose 21% to $19.2 billion, and Cloud revenue grew 47% to $9.9 billion, led by 93% growth in Cloud Infrastructure (IaaS). Q4 GAAP diluted EPS was $1.45 (up 21%), and non-GAAP diluted EPS was $2.11 (up 24%). For the full year, revenue reached $67.4 billion (up 17%), GAAP diluted EPS was $5.83, and non-GAAP diluted EPS was $7.63. Remaining Performance Obligations (RPO) climbed to $638 billion, up $85 billion sequentially, though much of that growth comes from large AI contracts in which customers prepaid for GPUs or supplied them directly. Oracle also reported negative free cash flow of $23.7 billion for fiscal 2026 as capital expenditures reached $55.7 billion. The quarter's earnings quality needs context. Q4 and fiscal 2026 results include one-time net investment gains. Excluding those gains, Q4 non-GAAP EPS would be $2.03 and fiscal 2026 non-GAAP EPS would be $6.83. Oracle raised fiscal 2027 non-GAAP EPS guidance to $8.05, which it describes as 18% growth after adjusting for the one-time items, and it confirmed fiscal 2027 total revenue guidance of $90 billion. Q1 fiscal 2027 guidance calls for total revenue growth of 27% to 29% and Cloud growth of 58% to 64% in USD. Financing is the central investor question. Oracle raised $43 billion of debt and $5 billion of equity in fiscal 2026 and expects to raise about $40 billion in fiscal 2027, including the previously announced $20 billion at-the-market equity program. Management says it does not expect to issue additional debt in calendar 2026, and it notes that prepaid and customer-supplied hardware in its large AI contracts now totals $75 billion, which reduces the capital it must raise. The board also declared a $0.50 quarterly common dividend and a $1,625 per-share dividend on the Mandatory Convertible Preferred Stock.
  4. 8-KORACLE CORP 8-K Report, Executive Changes (May 12, 2026)Oracle Corporation (NYSE: ORCL) filed a Form 8-K on May 12, 2026 to disclose the election of Dr. Tomislav Mihaljevic to its Board of Directors. The Board unanimously elected him effective May 6, 2026, and increased the Board's size from 12 to 13 seats. Dr. Mihaljevic is CEO and President of Cleveland Clinic, a position he has held since January 2018, and previously served as a director of GE HealthCare. He has not been assigned to any Board committee at this time. The filing is a routine corporate governance event with no disclosed financial impact. Oracle does not report any material operating, financial, or legal developments in this 8-K. Dr. Mihaljevic will receive a standard annual grant of restricted stock units under Oracle's 1993 Directors' Stock Plan, scheduled for May 31, 2026, which fully vests after one year of continued board service. He will also receive standard non-employee director cash compensation and Oracle's standard indemnification agreement. The filing states he has no related-party transactions requiring disclosure and no family relationships with Oracle's directors or executives. For investors, the appointment is mainly notable for adding healthcare executive experience to the Board, which management links to Oracle's push to provide cloud and technology solutions to healthcare organizations. The Press release also notes that directors serve one-year terms and will next stand for election at the November 2026 annual meeting. Investors should view this as a low-impact governance update rather than a signal of strategic or financial change.
  5. 8-KORACLE CORP 8-K Report, Executive Changes (Apr 6, 2026)On April 6, 2026, Oracle announced the appointment of Hilary Maxson as Chief Financial Officer, effective the same day. Maxson most recently served as Executive Vice President and Group CFO of Schneider Electric (2020 to April 2026), a role that put her on that company's Executive Committee and gave her oversight of global finance, capital allocation, and long-term value strategy. Her earlier experience includes several CFO and finance roles at Schneider and 12 years at AES Corporation. The change is a leadership transition rather than a financial disclosure: the filing contains no new revenue, earnings, or guidance figures. The compensation package signals the board's expectations. Maxson receives a $950,000 base salary and a performance-based bonus target of $2.5 million, prorated through fiscal year-end on May 31, 2026. She is also eligible for up to $250,000 in relocation assistance over 12 months. Her intended equity grant is $26 million, with 80% time-based (vesting 40/30/20/10 over four years) and 20% performance-based (tied to revenue metrics through May 31, 2028, the same type applied to Oracle's CEOs and Executive Chair/CTO). She may elect either 100% stock options or a 50/50 mix of options and RSUs. The press release frames the appointment against strong recent results, citing the strongest quarter in over 15 years, with more than 20% growth in both organic total revenue and non-GAAP EPS, and demand for cloud infrastructure that exceeds supply. Management emphasized capital discipline in funding that build-out, which matters to investors given the scale of AI-related capital spending. Douglas Kehring steps down as Principal Financial Officer and Section 16 officer but remains Executive Vice President, Operations, focused on strategic initiatives. The CEO thanked him for leading finance through the six-month search period.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.