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

3 months ended:	May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	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
Cloud services and license support	11,697)	11,007)	10,806)	10,519)	10,234)	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)
Cloud license and on-premise license	2,007)	1,129)	1,195)	870)	1,838)	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)
Hardware	850)	703)	728)	655)	842)	754)	756)	714)	850)	811)	850)	763)	855)	798)	767)	763)	881)	820)	844)	814)	900)	857)	871)	815)
Services	1,349)	1,291)	1,330)	1,263)	1,373)	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)
Revenues	15,903)	14,130)	14,059)	13,307)	14,287)	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)
Cloud services and license support	(3,344)	(2,882)	(2,746)	(2,597)	(2,522)	(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)
Hardware	(251)	(197)	(172)	(162)	(242)	(217)	(213)	(219)	(261)	(244)	(286)	(249)	(254)	(244)	(229)	(245)	(252)	(230)	(244)	(246)	(288)	(271)	(285)	(272)
Services	(1,146)	(1,116)	(1,167)	(1,147)	(1,160)	(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)
Cost of revenues	(4,741)	(4,195)	(4,085)	(3,906)	(3,924)	(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)
Gross profit	11,162)	9,935)	9,974)	9,401)	10,363)	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)
Sales and marketing	(2,306)	(2,119)	(2,190)	(2,036)	(2,113)	(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)
Research and development	(2,654)	(2,429)	(2,471)	(2,306)	(2,225)	(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)
General and administrative	(467)	(390)	(387)	(358)	(403)	(377)	(375)	(393)	(400)	(402)	(366)	(411)	(365)	(335)	(319)	(298)	(305)	(330)	(324)	(295)	(278)	(288)	(323)	(292)
Amortization of intangible assets	(544)	(548)	(591)	(624)	(743)	(749)	(755)	(763)	(870)	(886)	(907)	(919)	(269)	(279)	(299)	(303)	(342)	(347)	(345)	(345)	(365)	(400)	(407)	(414)
Acquisition related and other	(3)	(28)	(31)	(13)	(101)	(155)	(47)	(11)	(50)	(37)	(62)	(41)	(5)	(20)	(4,667)	(21)	(30)	(13)	(76)	(19)	(12)	(7)	(12)	(25)
Restructuring	(79)	(63)	(84)	(73)	(93)	(90)	(83)	(138)	(131)	(78)	(137)	(144)	(102)	(19)	(32)	(38)	(95)	(66)	(96)	(174)	(70)	(60)	(42)	(78)
Operating income (loss)	5,109)	4,358)	4,220)	3,991)	4,685)	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)
Interest expense	(978)	(892)	(866)	(842)	(878)	(876)	(888)	(872)	(954)	(908)	(856)	(787)	(704)	(667)	(679)	(705)	(697)	(585)	(600)	(614)	(580)	(456)	(465)	(494)
Non-operating income (expenses), net	22)	(18)	36)	20)	(26)	(9)	(14)	(49)	(77)	(134)	(71)	(180)	(173)	(315)	7)	(41)	312)	(17)	(11)	(2)	(33)	4)	92)	99)
Income (loss) before income taxes	4,153)	3,448)	3,390)	3,169)	3,781)	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)
(Provision for) benefit from income taxes	(726)	(512)	(239)	(240)	(638)	(464)	(217)	45)	210)	(322)	(403)	(108)	(436)	(521)	249)	(224)	(124)	1,745)	(530)	(344)	(579)	(505)	(499)	(345)
Net income (loss)	3,427)	2,936)	3,151)	2,929)	3,143)	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)

The financial data over the observed periods indicates several key trends across revenue streams, costs, and profitability for the company.

Revenue Trends: The total revenues show a general upward trajectory over the quarters. The overall revenues increased from $9,218 million in August 2019 to $15,903 million in May 2025, with some fluctuations noticeable in intermediate quarters. The primary driver of revenue growth is the "Cloud services and license support" segment, which rose from $6,805 million to $11,697 million over the same period. This consistent growth underscores a strong demand or enhanced market share in cloud services.; The "Cloud license and on-premise license" category, however, exhibits volatility with sharp rises and falls quarter to quarter but ends slightly higher at $2,007 million in May 2025 from $812 million in August 2019. Hardware revenues remained more stable with modest fluctuations, generally declining slightly overall, starting at $815 million and ending at $850 million. Services revenue showed growth but with considerable variability; after a stable early period, it surged notably from around $700-800 million to approximately $1,300-$1,400 million in recent quarters.
Cost of Revenues and Gross Profit: The cost of revenues increased significantly over time, moving from approximately -$1,957 million in August 2019 to a high of about -$4,741 million in May 2025. The largest component of cost increase stems from "Cloud services and license support," more than tripling from about -$982 million to -$3,344 million, paralleling the revenue expansion in that segment.; Hardware costs have remained relatively stable or slightly decreased in proportion, while services costs exhibited a sharp increase, reflecting the rise in this revenue category. Despite rising costs, gross profit has increased substantially, growing from $7,261 million to $11,162 million, showing the company's ability to maintain profitability amid increased expenditures.
Operating Expenses: Sales and marketing expenses fluctuated without a clearly defined upward or downward trend but remained a significant cost, peaking near -$2,306 million. Research and development expenses steadily increased from around -$1,557 million to approximately -$2,654 million, highlighting ongoing investment in innovation and product development. General and administrative costs also showed an increasing trend, albeit less steep, indicating rising overheads.; Amortization of intangible assets showed a notable jump starting around August 2022, increasing from roughly -$269 million to a peak near -$919 million before tapering, suggesting acquisitions or capitalized intangibles impacting expense recognition. Acquisition-related and restructuring expenses were mostly minor except for a dramatic spike in November 2021, reflecting a significant one-time event or write-off during that period.
Profitability: Operating income largely mirrors revenue and cost trends, generally increasing from $2,877 million to a peak of $5,109 million in May 2025, with a pronounced dip to negative territory in November 2021 (-$824 million) corresponding to the one-time acquisition expense spike.; Interest expense increased gradually, pointing to potential higher debt levels or rising borrowing costs, moving from approximately -$494 million to about -$978 million over the horizon. Non-operating income was mostly negative or negligible with sporadic gains, implying limited contribution to overall profitability. Income before taxes follows the operating income pattern, with tax provisions varying substantially including episodes of tax benefits, likely from tax planning or one-time adjustments. Net income shows robust growth with exceptions aligned to operating income dips, increasing from $2,137 million in August 2019 to $3,427 million in May 2025, confirming strong bottom-line performance overall.

In summary, the data reveals strong growth in cloud services revenues fueling overall revenue increases, alongside rising costs that are effectively managed to maintain growing profitability. Increased investment in R&D and marketing suggests a strategic focus on future growth and market competitiveness. Some volatility from acquisition-related expenses and interest costs is also evident, affecting some quarters significantly. The overall financial health appears positive with sustained growth in revenues, gross profit, and net income.

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Oracle Corp. (NYSE:ORCL)

Income StatementQuarterly Data

Income Statement
Quarterly Data