Stock Analysis on Net

Oracle Corp. (NYSE:ORCL)

Income Statement
Quarterly Data

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.

Oracle Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017
Cloud services and license support 9,963 9,639 9,547 9,369 8,923 8,598 8,417 7,612 7,637 7,554 7,371 7,389 7,252 7,112 6,947 6,846 6,930 6,811 6,805 6,799 6,662 6,637 6,609 6,771 6,593 6,472 6,418
Cloud license and on-premise license 1,256 1,178 809 2,152 1,288 1,435 904 2,539 1,289 1,237 813 2,145 1,276 1,092 886 1,958 1,231 1,126 812 2,520 1,251 1,217 867 2,483 1,388 1,353 966
Hardware 754 756 714 850 811 850 763 855 798 767 763 881 820 844 814 900 857 871 815 994 915 891 904 1,116 994 940 943
Services 1,307 1,368 1,383 1,465 1,376 1,392 1,361 833 789 802 781 812 737 752 720 736 778 806 786 824 786 817 813 882 796 856 860
Revenues 13,280 12,941 12,453 13,836 12,398 12,275 11,445 11,839 10,513 10,360 9,728 11,227 10,085 9,800 9,367 10,440 9,796 9,614 9,218 11,137 9,614 9,562 9,193 11,252 9,771 9,621 9,187
Cloud services and license support (2,452) (2,274) (2,179) (2,157) (1,980) (1,891) (1,735) (1,435) (1,305) (1,259) (1,214) (1,214) (1,064) (1,064) (1,011) (1,011) (991) (1,022) (982) (976) (937) (956) (913) (964) (896) (894) (858)
Hardware (217) (213) (219) (261) (244) (286) (249) (254) (244) (229) (245) (252) (230) (244) (246) (288) (271) (285) (272) (363) (339) (332) (326) (463) (394) (351) (373)
Services (1,200) (1,253) (1,212) (1,312) (1,215) (1,181) (1,053) (708) (669) (671) (644) (655) (621) (631) (623) (670) (702) (741) (703) (726) (700) (713) (714) (754) (712) (720) (702)
Cost of revenues (3,869) (3,740) (3,610) (3,730) (3,439) (3,358) (3,037) (2,397) (2,218) (2,159) (2,103) (2,121) (1,915) (1,939) (1,880) (1,969) (1,964) (2,048) (1,957) (2,065) (1,976) (2,001) (1,953) (2,181) (2,002) (1,965) (1,933)
Gross profit 9,411 9,201 8,843 10,106 8,959 8,917 8,408 9,442 8,295 8,201 7,625 9,106 8,170 7,861 7,487 8,471 7,832 7,566 7,261 9,072 7,638 7,561 7,240 9,071 7,769 7,656 7,254
Sales and marketing (2,042) (2,093) (2,026) (2,290) (2,150) (2,216) (2,177) (2,235) (2,004) (1,954) (1,854) (2,077) (1,915) (1,836) (1,854) (1,959) (2,049) (2,068) (2,018) (2,318) (2,051) (2,101) (2,039) (2,324) (2,033) (2,082) (1,992)
Research and development (2,248) (2,226) (2,216) (2,226) (2,146) (2,158) (2,093) (1,965) (1,816) (1,754) (1,684) (1,716) (1,621) (1,601) (1,589) (1,479) (1,500) (1,531) (1,557) (1,561) (1,426) (1,475) (1,564) (1,544) (1,498) (1,475) (1,574)
General and administrative (377) (375) (393) (400) (402) (366) (411) (365) (335) (319) (298) (305) (330) (324) (295) (278) (288) (323) (292) (329) (316) (299) (321) (308) (340) (321) (320)
Amortization of intangible assets (749) (755) (763) (870) (886) (907) (919) (269) (279) (299) (303) (342) (347) (345) (345) (365) (400) (407) (414) (424) (407) (424) (434) (415) (394) (400) (411)
Acquisition related and other (155) (47) (11) (50) (37) (62) (41) (5) (20) (4,667) (21) (30) (13) (76) (19) (12) (7) (12) (25) (16) 4 (18) (14) (20) (3) (17) (12)
Restructuring (90) (83) (138) (131) (78) (137) (144) (102) (19) (32) (38) (95) (66) (96) (174) (70) (60) (42) (78) (167) (43) (143) (90) (81) (91) (292) (124)
Operating income (loss) 3,750 3,622 3,296 4,139 3,260 3,071 2,623 4,501 3,822 (824) 3,427 4,541 3,878 3,583 3,211 4,308 3,528 3,183 2,877 4,257 3,399 3,101 2,778 4,379 3,410 3,069 2,821
Interest expense (876) (888) (872) (954) (908) (856) (787) (704) (667) (679) (705) (697) (585) (600) (614) (580) (456) (465) (494) (525) (509) (519) (529) (548) (533) (475) (469)
Non-operating income (expenses), net (9) (14) (49) (77) (134) (71) (180) (173) (315) 7 (41) 312 (17) (11) (2) (33) 4 92 99 134 198 192 291 308 423 273 233
Income (loss) before income taxes 2,865 2,720 2,375 3,108 2,218 2,144 1,656 3,624 2,840 (1,496) 2,681 4,156 3,276 2,972 2,595 3,695 3,076 2,810 2,482 3,866 3,088 2,774 2,540 4,139 3,300 2,867 2,585
(Provision for) benefit from income taxes (464) (217) 45 210 (322) (403) (108) (436) (521) 249 (224) (124) 1,745 (530) (344) (579) (505) (499) (345) (126) (343) (441) (275) (733) (7,324) (634) (375)
Net income (loss) 2,401 2,503 2,420 3,318 1,896 1,741 1,548 3,188 2,319 (1,247) 2,457 4,032 5,021 2,442 2,251 3,116 2,571 2,311 2,137 3,740 2,745 2,333 2,265 3,406 (4,024) 2,233 2,210

Based on: 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-K (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Oracle Corp. revenues increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Oracle Corp. operating income (loss) increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Oracle Corp. income (loss) before income taxes increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Oracle Corp. net income (loss) increased from Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.