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.
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- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Aggregate Accruals
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Oracle Corp., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 10-K (reporting date: 2024-05-31), 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).
- Revenue Trends
- Revenues show a general upward trend over the periods, increasing from early 2019 and displaying significant growth by mid-2025. Noticeably, revenues rose consistently with some minor fluctuations, reaching a peak in May 2025 before a slight decrease in August 2025. The Cloud and Software segment (previously titled Cloud services and license support) demonstrated robust growth, particularly from early 2021 onward, contributing substantially to total revenues. The Hardware segment remained relatively stable but declined slightly in importance relative to overall revenues. The Services category also presented growth, especially from 2021, supporting the overall revenue growth.
- Cost of Revenues and Gross Profit
- The cost of revenues generally increased in line with revenue growth, rising gradually over the periods with some sharp increases beginning in 2021, coinciding with higher revenues. Despite rising costs, gross profit also trended upward overall, showing strong profitability and effective margin management. There were some periods where the gross profit declined slightly corresponding to higher costs, but the overall gross profit remained solid, particularly in later years.
- Expenses
- Operating expenses including sales and marketing, research and development, and general and administrative costs showed a gradual increase over time. Sales and marketing expenses fluctuated but maintained a generally increasing trend reflecting expanding business activities. Research and development costs increased steadily, indicating ongoing investment in innovation. General and administrative expenses increased as well, although at a slower rate. Amortization of intangible assets saw a noticeable spike in 2021–2022, possibly due to acquisitions or capitalized intangibles during that period.
- Operating Income
- Operating income rose substantially from 2019 through to mid-2025, with some irregularities. A notable loss occurred around late 2021, followed by a recovery and strong growth in subsequent periods. This suggests temporary operational challenges or restructuring but ultimately a solid growth trajectory in operating income.
- Non-Operating Items and Interest Expense
- Interest expenses increased over time, reflecting higher debt or financing costs. Non-operating income and expenses varied, with some periods of gains and losses, indicating variability in other income components such as investments or currency effects. The impact of these items on overall profitability was limited but noticeable, especially during losses in late 2021.
- Income Before Taxes and Net Income
- Income before income taxes followed a similar pattern to operating income, with strong growth overall but a pronounced dip around late 2021 indicating an adverse event or market condition. The provision for income taxes showed significant variability, including some periods with negative provisions, possibly due to tax benefits or adjustments. Net income reflected strong growth, with peaks and valleys aligning with income before taxes fluctuations. Despite episodic downturns, net income increased substantially by mid-2025, demonstrating improved profitability and effective cost control post-challenges.
- Segment-Specific Observations
- The Cloud and Software segment expanded consistently, becoming the dominant revenue contributor, reflecting a transition from traditional software and hardware models toward cloud-based offerings. Hardware revenues were relatively flat with slight decline, indicating a slower growth or potential de-emphasis. Services maintained steady growth but with less volatility compared to other categories.
- Overall Insights
- The financial data reveals a company undergoing transformation with strong growth in cloud-related segments, steady investment in innovation, and effective expense and cost management. Despite experiencing a significant operational and income disruption near late 2021, recovery was robust, and profitability improved markedly through 2025. Investment in R&D and marketing appears consistent with growth strategies, and the balance between cost increases and revenue growth suggests careful management of margins. Interest expenses and amortization impacts highlight ongoing capital expenditures and financing efforts.