ORCL
Oracle Q4 FY26 earnings
Revenue $19.2B, up 21% from a year ago. Net income $4.3B.
Oracle grew revenue 21% to $19.2B in the May quarter, closing fiscal 2026. Cloud Infrastructure was $5.8B, 30% of revenue, marked as derived on the card; net income was $4.3B, up 26%.
Remaining performance obligations: $638B, from $36.2B in 2019.
Oracle's contracted-but-unrecognized revenues reached $638B at May 2026, from $36.2B seven years earlier. The figure is Oracle's own, stated in whole billions; the filing names no customer behind the step.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Cloud Infrastructure † | $5.8B | 30.2% | |
| Software Support † | $4.9B | 25.8% | |
| Cloud Applications † | $4.1B | 21.5% | |
| Software License † | $1.9B | 9.8% | |
| Services † | $1.5B | 7.9% | +13% |
| Hardware † | $924M | 4.8% | +9% |
† The filing doesn't print this line. We calculated it from the filed figures; it adds up to the dollar.
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $19.2B | +21% | |
| Operating expenses | $13.0B | 68.0% | +21% |
| Operating income | $6.1B | 32.0% | +20% |
| Income tax | $1.1B | 5.6% | +47% |
| Net income | $4.3B | 22.4% | +26% |
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| May 31, 2026 | $19.2B | $4.3B | 22.4% |
| Feb 28, 2026 | $17.2B | $3.7B | 21.6% |
| Nov 30, 2025 | $16.1B | $6.1B | 38.2% |
| Aug 31, 2025 | $14.9B | $2.9B | 19.6% |
| May 31, 2025 | $15.9B | $3.4B | 21.5% |
| Feb 28, 2025 | $14.1B | $2.9B | 20.8% |
| Nov 30, 2024 | $14.1B | $3.2B | 22.4% |
| Aug 31, 2024 | $13.3B | $2.9B | 22.0% |