ORCL-PDNYSEServices-Prepackaged SoftwareUS GAAP · USD

Oracle Corporation

Oracle Corp is a U.S.-based enterprise software company that develops and sells database, middleware, applications, cloud infrastructure, and related hardware and services. Its offerings are delivered through cloud, on-premise, and hybrid deployment models and are sold worldwide through direct sales and partners.

Ask about the company
Revenue67.4bn USD
+17.3 %y/y
Operating profit (EBIT)20.6bn USD
+16.6 %y/y
EBIT margin30.6%
−0.2 ppy/y
Net income17.1bn USD
+37.3 %y/y
Free cash flow-23.7bn USD
−5,911.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

020406080bn USD2021: 40.5 bn USD2021: EBIT 15.2 bn USD20212022: 42.4 bn USD2022: EBIT 10.9 bn USD20222023: 50.0 bn USD2023: EBIT 13.1 bn USD20232024: 53.0 bn USD2024: EBIT 15.4 bn USD20242025: 57.4 bn USD2025: EBIT 17.7 bn USD20252026: 67.4 bn USD2026: EBIT 20.6 bn USD202667.420.6
RevenueOperating profit (EBIT)
Ask Clarifo about Oracle Corporation

Business

Share of revenue
Cloud and software86 %

Cloud applications, cloud infrastructure, database, middleware, and software licenses.

Hardware5 %

Servers, engineered systems, storage, and related hardware products.

Services9 %

Consulting and advanced customer services that support Oracle deployments.

Products

Reported · share of revenue
36.5%29.5%26.9%FY2026100 %
  • Software Revenues36.5 %
  • Software Support29.5 %
  • Cloud Infrastructure26.9 %
  • Software License7.1 %

Source: 10-K FY2026, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Oracle sells to businesses of many sizes, government agencies, educational institutions, and resellers. Customers use Oracle technologies to run core enterprise workloads such as finance, supply chain, banking, logistics, application development, and data management.

Large enterprises

Buy cloud infrastructure, databases, ERP, and industry applications to run core business processes.

Government agencies

Use Oracle software and cloud services for administrative, financial, and operational systems.

Educational institutions

Purchase enterprise software and cloud services for campus and back-office operations.

Resellers and partners

Buy and resell Oracle products or implement them for end customers through the partner network.

Developers and digital-native companies

Use OCI and Oracle data services to build and scale applications, including AI workloads.

Strategy

Oracle’s strategy centers on expanding cloud and software adoption while preserving customer choice across cloud, hybrid, and on-premise deployment models. It also emphasizes migrating installed customers to Oracle Cloud, broadening OCI usage, and using acquisitions and R&D to deepen the product portfolio.

Grow cloud services adoptionShort term

Cloud subscriptions and usage-based services deepen customer relationships and recurring revenue.

Migrate the installed baseMedium term

Converting existing customers from on-premise deployments can expand lifetime value and reduce churn.

Maintain deployment flexibilityMedium term

Hybrid and interoperable deployment options help Oracle win enterprise workloads with varied IT requirements.

Invest in product innovationLong term

R&D supports competitiveness in databases, AI infrastructure, and enterprise applications.

Geography

Oracle sells worldwide, with the Americas as its largest region, followed by EMEA and Asia Pacific. The company’s revenue mix is geographically diversified, but its direct sales force and partner network create exposure to regional IT spending cycles, government budgets, and foreign currency movements.

Risks

Oracle faces intense competition in enterprise software, cloud infrastructure, and hardware, where product cycles are fast and customer switching decisions can be large and infrequent. Its business is also exposed to contract renewal risk, cybersecurity and privacy issues, public-sector budget pressure, and the complexity of integrating acquisitions and third-party technologies.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Competition in enterprise software and cloud1Customer renewal and migration risk2Cybersecurity and third-party dependency3Privacy and data regulation4Government and regional budget pressure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Competition in enterprise software and cloudImpact: HighLikelihood: Medium

    Oracle competes against large platform vendors and niche specialists across databases, applications, and infrastructure.

    ExposureCloudSoftwareHardware offerings
  2. Customer renewal and migration riskImpact: HighLikelihood: Medium

    A meaningful part of revenue depends on renewing cloud subscriptions and support contracts and converting installed customers.

    Exposure: Cloud services and license support

  3. Cybersecurity and third-party dependencyImpact: HighLikelihood: Medium

    Security flaws in Oracle or integrated third-party products can cause liability, disruption, and reputational damage.

    ExposureCloud platformsSoftware stackAcquired businesses
  4. Privacy and data regulationImpact: MediumLikelihood: Medium

    Oracle processes customer and user data across many jurisdictions, increasing compliance and operational risk.

    Exposure: Global cloud and software operations

  5. Government and regional budget pressureImpact: MediumLikelihood: Medium

    Public-sector and enterprise IT spending can slow when budgets tighten or procurement cycles lengthen.

    ExposureGovernmentEducationEnterprise customers
Ask Clarifo about Oracle Corporation

Accounting

Judgemental items
Revenue recognition timing

Cloud subscriptions and support are recognized over time, while some software licenses are recognized at a point in time, affecting quarterly comparability.

Impact: Can create revenue mix shifts and quarter-to-quarter volatility

Business combinations and intangible assets

Acquisitions require purchase accounting and valuation of acquired assets and liabilities.

Impact: Can affect amortization, goodwill, and impairment risk

Income taxes

Tax positions and estimates involve judgment across multiple jurisdictions.

Impact: Can move effective tax rate and tax liabilities

Non-marketable investments

Fair value and impairment judgments are required for certain investments.

Impact: Can affect other income and balance sheet values

Server useful lives

Oracle updated estimated server useful lives, which changes depreciation timing.

Impact: Affects operating expense and asset carrying values

Similar listed companies

Publicly listed companies with a comparable business focus.

Salesforce, Inc.

CRM · Services-Prepackaged Software

Open Text Corporation

OTEX · Services-Computer Integrated Systems Design

International Business Machines Corporation

IBM · Computer & office Equipment

Microsoft Corporation

MSFT · Services-Prepackaged Software

Dell Technologies Inc.

DELL · Electronic Computers

Ubiquiti Inc.

UI · Radio & Tv Broadcasting & Communications Equipment

Last updated: 24/09/2026