ORCL Oracle Corp

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 10, 2025

Oracle Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-35992		54-2185193
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2300 Oracle Way, Austin, Texas 78741

(Address of principal executive offices) (Zip Code)

(737) 867-1000

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share 3.125% senior notes due July 2025	ORCL	New York Stock Exchange New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

		Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

---

Section 2—Financial Information

Item 2.02 Results of Operations and Financial Condition

On March 10, 2025, Oracle Corporation (“Oracle”) issued a press release announcing financial results for its fiscal third quarter ended February 28, 2025. A copy of this press release is furnished as Exhibit 99.1 to this report.

Section 8—Other Events

Item 8.01 Other Events

Oracle announced that its Board of Directors has declared a cash dividend of $0.50 per share of outstanding common stock payable on April 23, 2025, to stockholders of record as of the close of business on April 10, 2025.

Section 9—Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

 

Exhibit No.		Description of Exhibit
99.1		Press Release dated March 10, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

---

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

				ORACLE CORPORATION
Dated: March 10, 2025				By:		/s/ MARIA SMITH
						Maria Smith Executive Vice President, Chief Accounting Officer (Principal Accounting Officer)

 

---

Exhibit 99.1

 

For Immediate Release

Contact:		Ken Bond		Deborah Hellinger
		Oracle Investor Relations		Oracle Corporate Communications
		1.650.607.0349		1.212.508.7935
		ken.bond@oracle.com		deborah.hellinger@oracle.com

 

Oracle Announces Fiscal 2025 Third Quarter Financial Results

 

AUSTIN, Texas, March 10, 2025 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2025 Q3 results. Total Remaining Performance Obligations were up 62% year-over-year in USD, and up 63% in constant currency, to $130 billion. Total quarterly revenues were up 6% year-over-year in USD, and up 8% in constant currency, to $14.1 billion. Cloud services and license support revenues were up 10% year-over-year in USD, and up 12% in constant currency, to $11.0 billion. Cloud license and on-premise license revenues were down 10% in USD and down 8% in constant currency, to $1.1 billion.

Q3 GAAP operating income was $4.4 billion. Non-GAAP operating income was $6.2 billion, up 7% in USD, and up 9% in constant currency. GAAP operating margin was 31%, and non-GAAP operating margin was 44%. GAAP net income was $2.9 billion, up 22% in USD, and up 27% in constant currency. Non-GAAP net income was $4.2 billion, up 6% in USD, and up 9% in constant currency. Q3 GAAP earnings per share was $1.02, up 20% in USD and up 25% in constant currency, while non-GAAP earnings per share was $1.47, up 4% in USD, and up 7% in constant currency.

Short-term deferred revenues were $9.0 billion. Over the last twelve months, operating cash flow was $20.7 billion and free cash flow was $5.8 billion.

“Oracle signed sales contracts for more than $48 billion in Q3,” said Oracle CEO, Safra Catz. “This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion. We have now signed cloud agreements with several world leading technology companies including: OpenAI, xAI, Meta, NVIDIA and AMD. We expect that our huge $130 billion sales backlog will help drive a 15% increase in Oracle’s overall revenue in our next fiscal year beginning this June. And we expect RPO to continue to grow rapidly—as we look forward to signing our first Stargate contract—yet another big opportunity for Oracle to expand both its AI training and AI inferencing businesses in the near future.”

“We are on schedule to double our data center capacity this calendar year,” said Oracle Chairman and CTO, Larry Ellison. “Customer demand is at record levels. Our Database MultiCloud revenue from Microsoft, Google and Amazon is up 92% in the last three months alone. GPU consumption for AI training grew 244% in the last 12 months. And we are seeing enormous demand for AI inferencing on our customers’ private data. So, we are connecting OpenAI ChatGPT, xAI Grok and Meta Llama directly to Version 23ai of the Oracle Database with advanced vector capabilities. This new product, called the Oracle AI Data Platform, makes it easy for customers to use any of the world’s leading AI models to analyze all of their private data—while keeping all their data private and secure.”

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.50 per share of outstanding common stock, reflecting a 25% increase over the current quarterly dividend of $0.40. Larry Ellison, Oracle’s Chairman of the Board of Directors, Chief Technology Officer, and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 10, 2025, with a payment date of April 23, 2025.

Earnings Conference Call and Webcast

Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/.

About Oracle

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

# # #

Trademarks

Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

"Safe Harbor" Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including the expectations for converting RPOs to revenue, future growth in RPO and data center capacity, the timing of signing the Stargate contract, and future demand for AI inferencing are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; our ability to secure data center capacity; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of March 10, 2025. Oracle undertakes no duty to update any statement in light of new information or future events.

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

 

		Three Months Ended												% Increase		% Increase (Decrease)
		February 28, 2025				% of Revenues		February 29, 2024				% of Revenues		(Decrease) in US $		in Constant Currency (1)
REVENUES
Cloud services and license support		$	11,007			78%		$	9,963			75%		10%		12%
Cloud license and on-premise license			1,129			8%			1,256			9%		(10%)		(8%)
Hardware			703			5%			754			6%		(7%)		(5%)
Services			1,291			9%			1,307			10%		(1%)		1%
Total revenues			14,130			100%			13,280			100%		6%		8%
OPERATING EXPENSES
Cloud services and license support			2,882			20%			2,452			18%		18%		19%
Hardware			197			1%			217			2%		(9%)		(7%)
Services			1,116			8%			1,200			9%		(7%)		(5%)
Sales and marketing			2,119			15%			2,042			15%		4%		6%
Research and development			2,429			17%			2,248			17%		8%		9%
General and administrative			390			3%			377			3%		3%		5%
Amortization of intangible assets			548			4%			749			6%		(27%)		(27%)
Acquisition related and other			28			0%			155			1%		(82%)		(82%)
Restructuring			63			1%			90			1%		(30%)		(28%)
Total operating expenses			9,772			69%			9,530			72%		3%		4%
OPERATING INCOME			4,358			31%			3,750			28%		16%		20%
Interest expense			(892	)		(6%)			(876	)		(6%)		2%		2%
Non-operating expenses, net			(18	)		0%			(9	)		0%		101%		91%
INCOME BEFORE INCOME TAXES			3,448			25%			2,865			22%		20%		25%
Provision for income taxes			512			4%			464			4%		10%		15%
NET INCOME		$	2,936			21%		$	2,401			18%		22%		27%
EARNINGS PER SHARE:
Basic		$	1.05					$	0.87
Diluted		$	1.02					$	0.85
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic			2,799						2,748
Diluted			2,874						2,819

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

 

		Three Months Ended																								% Increase (Decrease) in US $				% Increase (Decrease) in Constant Currency (2)
		February 28, 2025 GAAP				Adj.				February 28, 2025 Non-GAAP				February 29, 2024 GAAP				Adj.				February 29, 2024 Non-GAAP				GAAP		Non-GAAP		GAAP		Non-GAAP
TOTAL REVENUES		$	14,130			$	—			$	14,130			$	13,280			$	—			$	13,280			6%		6%		8%		8%
TOTAL OPERATING EXPENSES		$	9,772			$	(1,837	)		$	7,935			$	9,530			$	(2,042	)		$	7,488			3%		6%		4%		8%
Stock-based compensation (3)			1,198				(1,198	)			—				1,048				(1,048	)			—			14%		*		14%		*
Amortization of intangible assets (4)			548				(548	)			—				749				(749	)			—			(27%)		*		(27%)		*
Acquisition related and other			28				(28	)			—				155				(155	)			—			(82%)		*		(82%)		*
Restructuring			63				(63	)			—				90				(90	)			—			(30%)		*		(28%)		*
OPERATING INCOME		$	4,358			$	1,837			$	6,195			$	3,750			$	2,042			$	5,792			16%		7%		20%		9%
OPERATING MARGIN %		31%								44%				28%								44%				261 bp.		23 bp.		294 bp.		34 bp.
INCOME TAX EFFECTS (5)		$	512			$	542			$	1,054			$	464			$	461			$	925			10%		14%		15%		17%
NET INCOME		$	2,936			$	1,295			$	4,231			$	2,401			$	1,581			$	3,982			22%		6%		27%		9%
DILUTED EARNINGS PER SHARE		$	1.02							$	1.47			$	0.85							$	1.41			20%		4%		25%		7%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING			2,874				—				2,874				2,819				—				2,819			2%		2%		2%		2%

 

		Three Months Ended February 28, 2025												Three Months Ended February 29, 2024
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP
Cloud services and license support		$	160			$	(160	)		$	—			$	138			$	(138	)		$	—
Hardware			8				(8	)			—				6				(6	)			—
Services			54				(54	)			—				45				(45	)			—
Sales and marketing			200				(200	)			—				179				(179	)			—
Research and development			675				(675	)			—				584				(584	)			—
General and administrative			101				(101	)			—				96				(96	)			—
Total stock-based compensation		$	1,198			$	(1,198	)		$	—			$	1,048			$	(1,048	)		$	—

 

Remainder of fiscal 2025		$	544
Fiscal 2026			1,639
Fiscal 2027			672
Fiscal 2028			635
Fiscal 2029			561
Fiscal 2030			522
Thereafter			558
Total intangible assets, net		$	5,131

 

*	Not meaningful

---

ORACLE CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

 

		Nine Months Ended												% Increase		% Increase (Decrease)
		February 28, 2025				% of Revenues		February 29, 2024				% of Revenues		(Decrease) in US $		in Constant Currency (1)
REVENUES
Cloud services and license support		$	32,331			78%		$	29,149			75%		11%		12%
Cloud license and on-premise license			3,194			8%			3,243			8%		(2%)		0%
Hardware			2,086			5%			2,224			6%		(6%)		(5%)
Services			3,885			9%			4,058			11%		(4%)		(3%)
Total revenues			41,496			100%			38,674			100%		7%		8%
OPERATING EXPENSES
Cloud services and license support			8,226			20%			6,905			18%		19%		20%
Hardware			530			1%			649			2%		(18%)		(17%)
Services			3,430			8%			3,665			9%		(6%)		(6%)
Sales and marketing			6,345			15%			6,161			16%		3%		4%
Research and development			7,206			18%			6,689			17%		8%		8%
General and administrative			1,135			3%			1,146			3%		(1%)		0%
Amortization of intangible assets			1,763			4%			2,267			6%		(22%)		(22%)
Acquisition related and other			72			0%			214			0%		(66%)		(66%)
Restructuring			220			1%			311			1%		(29%)		(29%)
Total operating expenses			28,927			70%			28,007			72%		3%		4%
OPERATING INCOME			12,569			30%			10,667			28%		18%		19%
Interest expense			(2,600	)		(6%)			(2,636	)		(7%)		(1%)		(1%)
Non-operating income (expenses), net			39			0%			(72	)		0%		*		*
INCOME BEFORE INCOME TAXES			10,008			24%			7,959			21%		26%		28%
Provision for income taxes			992			2%			636			2%		56%		59%
NET INCOME		$	9,016			22%		$	7,323			19%		23%		25%
EARNINGS PER SHARE:
Basic		$	3.24					$	2.67
Diluted		$	3.15					$	2.60
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic			2,783						2,741
Diluted			2,865						2,820

 

*	Not meaningful

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

 

		Nine Months Ended																								% Increase (Decrease) in US $				% Increase (Decrease) in Constant Currency (2)
		February 28, 2025 GAAP				Adj.				February 28, 2025 Non-GAAP				February 29, 2024 GAAP				Adj.				February 29, 2024 Non-GAAP				GAAP		Non-GAAP		GAAP		Non-GAAP
TOTAL REVENUES		$	41,496			$	—			$	41,496			$	38,674			$	—			$	38,674			7%		7%		8%		8%
TOTAL OPERATING EXPENSES		$	28,927			$	(5,429	)		$	23,498			$	28,007			$	(5,719	)		$	22,288			3%		5%		4%		6%
Stock-based compensation (3)			3,374				(3,374	)			—				2,927				(2,927	)			—			15%		*		15%		*
Amortization of intangible assets (4)			1,763				(1,763	)			—				2,267				(2,267	)			—			(22%)		*		(22%)		*
Acquisition related and other			72				(72	)			—				214				(214	)			—			(66%)		*		(66%)		*
Restructuring			220				(220	)			—				311				(311	)			—			(29%)		*		(29%)		*
OPERATING INCOME		$	12,569			$	5,429			$	17,998			$	10,667			$	5,719			$	16,386			18%		10%		19%		11%
OPERATING MARGIN %		30%								43%				28%								42%				271 bp.		100 bp.		284 bp.		104 bp.
INCOME TAX EFFECTS (5)		$	992			$	2,042			$	3,034			$	636			$	1,939			$	2,575			56%		18%		59%		19%
NET INCOME		$	9,016			$	3,387			$	12,403			$	7,323			$	3,780			$	11,103			23%		12%		25%		13%
DILUTED EARNINGS PER SHARE		$	3.15							$	4.33			$	2.60							$	3.94			21%		10%		23%		11%
DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING			2,865				—				2,865				2,820				—				2,820			2%		2%		2%		2%

 

		Nine Months Ended February 28, 2025												Nine Months Ended February 29, 2024
		GAAP				Adj.				Non-GAAP				GAAP				Adj.				Non-GAAP
Cloud services and license support		$	459			$	(459	)		$	—			$	386			$	(386	)		$	—
Hardware			21				(21	)			—				17				(17	)			—
Services			150				(150	)			—				123				(123	)			—
Sales and marketing			556				(556	)			—				488				(488	)			—
Research and development			1,902				(1,902	)			—				1,642				(1,642	)			—
General and administrative			286				(286	)			—				271				(271	)			—
Total stock-based compensation		$	3,374			$	(3,374	)		$	—			$	2,927			$	(2,927	)		$	—

 

Remainder of fiscal 2025		$	544
Fiscal 2026			1,639
Fiscal 2027			672
Fiscal 2028			635
Fiscal 2029			561
Fiscal 2030			522
Thereafter			558
Total intangible assets, net		$	5,131

 

*	Not meaningful

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED BALANCE SHEETS

($ in millions)

 

		February 28, 2025				May 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents		$	17,406			$	10,454
Marketable securities			417				207
Trade receivables, net			8,051				7,874
Prepaid expenses and other current assets			4,242				4,019
Total Current Assets			30,116				22,554
Non-Current Assets:
Property, plant and equipment, net			31,970				21,536
Intangible assets, net			5,131				6,890
Goodwill, net			62,171				62,230
Deferred tax assets			11,799				12,273
Other non-current assets			20,191				15,493
Total Non-Current Assets			131,262				118,422
TOTAL ASSETS		$	161,378			$	140,976
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Notes payable and other borrowings, current		$	8,167			$	10,605
Accounts payable			2,423				2,357
Accrued compensation and related benefits			1,839				1,916
Deferred revenues			9,019				9,313
Other current liabilities			8,175				7,353
Total Current Liabilities			29,623				31,544
Non-Current Liabilities:
Notes payable and other borrowings, non-current			88,109				76,264
Income taxes payable			9,813				10,817
Deferred tax liabilities			2,208				3,692
Other non-current liabilities			14,364				9,420
Total Non-Current Liabilities			114,494				100,193
Stockholders’ Equity			17,261				9,239
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	161,378			$	140,976

 

 

 

 

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

 

	Nine Months Ended
	February 28, 2025				February 29, 2024
Cash Flows From Operating Activities:
Net income	$	9,016			$	7,323
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		2,715				2,318
Amortization of intangible assets		1,763				2,267
Deferred income taxes		(1,097	)			(1,755	)
Stock-based compensation		3,374				2,927
Other, net		422				631
Changes in operating assets and liabilities:
Increase in trade receivables, net		(312	)			(409	)
Decrease in prepaid expenses and other assets		603				457
Decrease in accounts payable and other liabilities		(633	)			(682	)
Decrease in income taxes payable		(1,222	)			(788	)
Increase in deferred revenues		35				303
Net cash provided by operating activities		14,664				12,592
Cash Flows From Investing Activities:
Purchases of marketable securities and other investments		(838	)			(674	)
Proceeds from sales and maturities of marketable securities and other investments		444				207
Acquisitions, net of cash acquired		—				(59	)
Capital expenditures		(12,135	)			(4,068	)
Net cash used for investing activities		(12,529	)			(4,594	)
Cash Flows From Financing Activities:
Payments for repurchases of common stock		(450	)			(1,050	)
Proceeds from issuances of common stock		520				454
Shares repurchased for tax withholdings upon vesting of restricted stock-based awards		(900	)			(1,865	)
Payments of dividends to stockholders		(3,340	)			(3,289	)
(Repayments of) proceeds from issuances of commercial paper, net		(396	)			936
Proceeds from issuances of senior notes and term loan credit agreements, net of issuance costs		19,548				—
Repayments of senior notes and term loan credit agreements		(9,771	)			(3,500	)
Other, net		(299	)			34
Net cash provided by (used for) financing activities		4,912				(8,280	)
Effect of exchange rate changes on cash and cash equivalents		(95	)			(2	)
Net increase (decrease) in cash and cash equivalents		6,952				(284	)
Cash and cash equivalents at beginning of period		10,454				9,765
Cash and cash equivalents at end of period	$	17,406			$	9,481

 

 

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

FREE CASH FLOW - TRAILING 4-QUARTERS (1)

($ in millions)

 

		Fiscal 2024													Fiscal 2025
		Q1			Q2			Q3			Q4				Q1			Q2			Q3			Q4
GAAP Operating Cash Flow		$	17,745		$	17,039		$	18,239		$	18,673			$	19,126		$	20,287		$	20,745
Capital Expenditures			(8,290	)		(6,935	)		(5,981	)		(6,866	)			(7,855	)		(10,745	)		(14,933	)
Free Cash Flow		$	9,455		$	10,104		$	12,258		$	11,807			$	11,271		$	9,542		$	5,812
Operating Cash Flow % Growth over prior year		68%			13%			18%			9%				8%			19%			14%
Free Cash Flow % Growth over prior year		76%			20%			68%			39%				19%			(6%)			(53%)
GAAP Net Income		$	9,375		$	10,137		$	10,642		$	10,467			$	10,976		$	11,624		$	12,160
Operating Cash Flow as a % of Net Income		189%			168%			171%			178%				174%			175%			171%
Free Cash Flow as a % of Net Income		101%			100%			115%			113%				103%			82%			48%

 

---

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

SUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1)

($ in millions)

 

		Fiscal 2024																Fiscal 2025
		Q1			Q2			Q3			Q4			TOTAL				Q1			Q2			Q3			Q4	TOTAL
REVENUES BY OFFERINGS
Cloud services		$	4,635		$	4,775		$	5,054		$	5,311		$	19,774			$	5,623		$	5,937		$	6,210			$	17,769
License support			4,912			4,864			4,909			4,923			19,609				4,896			4,869			4,797				14,562
Cloud services and license support			9,547			9,639			9,963			10,234			39,383				10,519			10,806			11,007				32,331
Cloud license and on-premise license			809			1,178			1,256			1,838			5,081				870			1,195			1,129				3,194
Hardware			714			756			754			842			3,066				655			728			703				2,086
Services			1,383			1,368			1,307			1,373			5,431				1,263			1,330			1,291				3,885
Total revenues		$	12,453		$	12,941		$	13,280		$	14,287		$	52,961			$	13,307		$	14,059		$	14,130			$	41,496
AS REPORTED REVENUE GROWTH RATES
Cloud services		30%			25%			25%			20%			25%				21%			24%			23%				23%
License support		2%			2%			1%			0%			1%				0%			0%			(2%)				(1%)
Cloud services and license support		13%			12%			12%			9%			12%				10%			12%			10%				11%
Cloud license and on-premise license		(10%)			(18%)			(3%)			(15%)			(12%)				7%			1%			(10%)				(2%)
Hardware		(6%)			(11%)			(7%)			(1%)			(6%)				(8%)			(4%)			(7%)				(6%)
Services		2%			(2%)			(5%)			(6%)			(3%)				(9%)			(3%)			(1%)				(4%)
Total revenues		9%			5%			7%			3%			6%				7%			9%			6%				7%
CONSTANT CURRENCY REVENUE GROWTH RATES (2)
Cloud services		29%			24%			24%			20%			24%				22%			24%			25%				24%
License support		0%			0%			1%			1%			0%				0%			0%			0%				0%
Cloud services and license support		12%			11%			11%			10%			11%				11%			12%			12%				12%
Cloud license and on-premise license		(11%)			(19%)			(3%)			(14%)			(12%)				8%			3%			(8%)				0%
Hardware		(8%)			(12%)			(7%)			0%			(7%)				(8%)			(3%)			(5%)				(5%)
Services		1%			(3%)			(5%)			(6%)			(3%)				(8%)			(3%)			1%				(3%)
Total revenues		8%			4%			7%			4%			6%				8%			9%			8%				8%
CLOUD SERVICES AND LICENSE SUPPORT REVENUES BY ECOSYSTEM
Applications cloud services and license support		$	4,471		$	4,474		$	4,584		$	4,642		$	18,172			$	4,769		$	4,784		$	4,811			$	14,363
Infrastructure cloud services and license support			5,076			5,165			5,379			5,592			21,211				5,750			6,022			6,196				17,968
Total cloud services and license support revenues		$	9,547		$	9,639		$	9,963		$	10,234		$	39,383			$	10,519		$	10,806		$	11,007			$	32,331
AS REPORTED REVENUE GROWTH RATES
Applications cloud services and license support		11%			10%			10%			6%			9%				7%			7%			5%				6%
Infrastructure cloud services and license support		15%			14%			13%			12%			14%				13%			17%			15%				15%
Total cloud services and license support revenues		13%			12%			12%			9%			12%				10%			12%			10%				11%
CONSTANT CURRENCY REVENUE GROWTH RATES (2)
Applications cloud services and license support		11%			9%			10%			6%			9%				7%			7%			6%				7%
Infrastructure cloud services and license support		14%			12%			13%			13%			13%				14%			17%			18%				16%
Total cloud services and license support revenues		12%			11%			11%			10%			11%				11%			12%			12%				12%
GEOGRAPHIC REVENUES
Americas		$	7,841		$	8,067		$	8,270		$	8,945		$	33,122			$	8,372		$	8,933		$	9,000			$	26,305
Europe/Middle East/Africa			3,005			3,170			3,316			3,539			13,030				3,228			3,381			3,421				10,029
Asia Pacific			1,607			1,704			1,694			1,803			6,809				1,707			1,745			1,709				5,162
Total revenues		$	12,453		$	12,941		$	13,280		$	14,287		$	52,961			$	13,307		$	14,059		$	14,130			$	41,496

 

---

APPENDIX A

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude certain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:

• Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses, income tax effects and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.

• Amortization of intangible assets: We have excluded the effect of amortization of intangible assets from our non-GAAP operating expenses, income tax effects and net income measures. Amortization of intangible assets is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods.

• Acquisition related and other expenses; and restructuring expenses: We have excluded the effect of acquisition related and other expenses and the effect of restructuring expenses from our non-GAAP operating expenses, income tax effects and net income measures. We incurred expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related and other expenses consisted of personnel related costs for transitional and certain other employees, certain business combination adjustments including certain adjustments after the measurement period has ended, and certain other operating items, net. Restructuring expenses consisted of employee severance and other exit costs. We believe it is useful for investors to understand the effects of these items on our total operating expenses. Although acquisition related and other expenses and restructuring expenses may diminish over time with respect to past acquisitions and/or strategic initiatives, we generally will incur certain of these expenses in connection with any future acquisitions and/or strategic initiatives.

---

v3.25.0.1

Document and Entity Information	Mar. 10, 2025
Document And Entity Information [Line Items]
Entity Registrant Name	Oracle Corporation
Amendment Flag	false
Entity Central Index Key	0001341439
Document Type	8-K
Document Period End Date	Mar. 10, 2025
Entity Incorporation State Country Code	DE
Entity File Number	001-35992
Entity Tax Identification Number	54-2185193
Entity Address, Address Line One	2300 Oracle Way
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78741
City Area Code	(737)
Local Phone Number	867-1000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock [Member]
Document And Entity Information [Line Items]
Security 12b Title	Common Stock, par value $0.01 per share
Trading Symbol	ORCL
Security Exchange Name	NYSE
Senior Notes [Member]
Document And Entity Information [Line Items]
Security 12b Title	3.125% senior notes due July 2025
Trading Symbol	ORCL
Security Exchange Name	NYSE

---