Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Oracle Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	May 31, 2026	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Net income	17,087)	12,443)	10,467)	8,503)	6,717)	13,746)
Net foreign currency translation gains (losses)	(232)	369)	(17)	(204)	(707)	479)
Net unrealized gains (losses) on defined benefit plans	45)	13)	31)	271)	190)	71)
Net unrealized gains (losses) on cash flow hedges	(18)	(125)	77)	102)	—)	—)
Other, net	—)	—)	(1)	1)	—)	(9)
Other comprehensive income (loss), net of tax	(205)	257)	90)	170)	(517)	541)
Comprehensive income	16,882)	12,700)	10,557)	8,673)	6,200)	14,287)

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).

Comprehensive income exhibits a V-shaped trajectory over the observed period, characterized by a significant contraction in 2022 followed by a sustained recovery and growth phase through 2026.

Net Income Trends: A sharp decline in profitability is observed between 2021 and 2022, where net income fell from 13,746 million to 6,717 million. Subsequent years demonstrate a consistent recovery, with net income increasing annually to reach a peak of 17,087 million by 2026. This trajectory indicates a strong rebound in core earnings following the 2022 trough.
Foreign Currency Translation Volatility: Net foreign currency translation results show high instability, alternating between gains and losses. Significant losses were recorded in 2022 (-707 million) and 2026 (-232 million), while a notable gain occurred in 2025 (369 million). This pattern suggests a high sensitivity to exchange rate fluctuations across international operations.
Other Comprehensive Income (OCI) Drivers: Contributions from defined benefit plans peaked in 2023 at 271 million before declining significantly to 13 million by 2025. Cash flow hedges, which emerged as a positive contributor in 2023 (102 million), transitioned into a loss position by 2025 (-125 million). These factors combined to make OCI a volatile component of the overall financial picture, fluctuating from a high of 541 million in 2021 to a low of -517 million in 2022.
Comprehensive Income Correlation: Total comprehensive income closely tracks the movement of net income, establishing that operational profitability is the primary driver of total equity changes. While OCI introduces periodic variance, the magnitude of net income dominates the overall trend, culminating in a comprehensive income of 16,882 million by 2026.

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Oracle Corp. (NYSE:ORCL)

Statement of Comprehensive Income