Income Statement
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Oracle Corp., consolidated income statement
US$ in millions
Based on: 10-K (reporting date: 2026-05-31), 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31).
Revenues demonstrate a consistent upward trajectory, growing from 40.48 billion USD in 2021 to 67.36 billion USD by 2026. This growth is characterized by a strategic transition in the revenue mix; while software and hardware streams remain relatively stagnant, Cloud revenues exhibit rapid acceleration, increasing from 19.77 billion USD in 2024 to 33.99 billion USD by 2026. Services also show a positive trend, nearly doubling from 3.02 billion USD in 2021 to 5.74 billion USD in 2026.
- Gross Profitability and Cost Structure
- Gross profit grew from 32.62 billion USD in 2021 to 44.34 billion USD in 2026. However, this growth is accompanied by a significant rise in the cost of revenues, which climbed from 7.86 billion USD to 23.02 billion USD over the same period. The most substantial increase is observed in the costs associated with cloud and software, which rose from 4.35 billion USD in 2021 to 17.60 billion USD in 2026, indicating that scaling cloud infrastructure has required substantial capital and operational investment.
- Operating Expenditure Trends
- Research and development expenses show a steady and intentional increase, rising from 6.53 billion USD in 2021 to 10.27 billion USD in 2026, suggesting a prioritization of technical innovation. Sales and marketing costs remained relatively stable, fluctuating between 7.68 billion USD and 8.83 billion USD. A notable spike in restructuring costs occurred in 2026, reaching 1.78 billion USD, compared to a low of 191 million USD in 2022.
- Operating and Net Income Performance
- Operating income experienced a contraction in 2022, falling to 10.93 billion USD, but recovered strongly to reach 20.61 billion USD by 2026. Net income followed a similar pattern of volatility, dipping to 6.72 billion USD in 2022 before ascending to 17.09 billion USD in 2026. The 2026 performance was significantly bolstered by a 2.81 billion USD gain from marketable and non-marketable investments.
- Financial Obligations and Non-Operating Items
- Interest expenses show a clear upward trend, increasing from 2.50 billion USD in 2021 to 4.60 billion USD in 2026, reflecting higher debt servicing requirements. This is partially mitigated by a growth in interest income, which rose from 101 million USD in 2021 to 780 million USD in 2026. The overall impact of non-operating income, excluding noncontrolling interests, saw a dramatic increase to 3.77 billion USD in 2026, primarily due to the aforementioned investment gains.