Oracle Corporation (NYSE: ORCL) announces the results of the fourth fiscal quarter and full fiscal year 2025. Total quarterly revenues increased 11% year-over-year (in USD and constant currency), totaling $15.9 billion. Cloud services and license support revenues grew 14% (in USD and constant currency), reaching $11.7 billion. Cloud license and on-premise license revenues increased 9% in USD and 8% in constant currency, totaling $2.0 billion.
GAAP operating income in Q4 was $5.1 billion. Non-GAAP operating income was $7.0 billion, up 5% in USD and 4% in constant currency. GAAP net income was $3.4 billion, and non-GAAP net income was $4.9 billion. GAAP earnings per share were $1.19, while non-GAAP earnings per share were $1.70.
Short-term deferred revenues totaled $9.4 billion. Operating cash flow during fiscal year 2025 was $20.8 billion, a 12% increase in USD.
Total fiscal year 2025 revenues grew 8% in USD and 9% in constant currency, reaching $57.4 billion. Cloud services and license support revenues increased 12% in USD and constant currency, reaching $44.0 billion. Cloud and on-premise license revenues grew 2% in USD and 3% in constant currency, totaling $5.2 billion.
GAAP operating income for fiscal year 2025 was $17.7 billion, and non-GAAP operating income was $25.0 billion. GAAP net income was $12.4 billion, while non-GAAP net income was $17.3 billion. GAAP earnings per share were $4.34, and non-GAAP earnings per share were $6.03.
“Fiscal year 2025 was very good—but we believe 2026 will be even better, with much higher revenue growth rates,” said Safra Catz, CEO of Oracle. “We expect our total cloud growth rate—applications plus infrastructure—to increase from 24% in 2025 to over 40% in 2026. The cloud infrastructure growth rate is projected to rise from 50% in 2025 to over 70% in 2026. And remaining performance obligations (RPO) will likely grow over 100% in 2026. Oracle is on track to become not only the largest cloud applications company in the world but also one of the largest cloud infrastructure providers.”
“Multicloud database revenue with Amazon, Google, and Azure grew 115% from Q3 to Q4,” said Larry Ellison, Chairman and CTO of Oracle. “We currently have 23 Multicloud data centers in operation and another 47 under construction for the next 12 months. We expect Multicloud revenue growth to continue at triple-digit rates in 2026. Oracle Cloud@Customer data center revenue grew 104% year-over-year. We have 29 dedicated Cloud@Customer data centers active and another 30 under construction for 2026. Oracle Cloud Infrastructure consumption revenue grew 62% in Q4. We expect even faster growth in 2026. OCI growth rates are skyrocketing—just like the demand.”
The board of directors declared a quarterly cash dividend of $0.50 per outstanding common share. The payment will be made to shareholders of record as of the close of business on July 10, 2025, with a payment date of July 24, 2025.
- A list of customers who acquired Oracle Cloud services during the quarter will be available at: oracle.com/customers/earnings.
- A list of recent technical innovations and announcements can be accessed at: oracle.com/news.
- To learn what market analysts are saying about Oracle’s products and services, visit: oracle.com/corporate/analyst-reports.
Earnings Conference Call and Webcast
Oracle held a teleconference and webcast to discuss the results. The live broadcast and replay are available on Oracle’s Investor Relations website at: www.oracle.com/investor.
