Oracle Corporation (NYSE: ORCL) announces the results of the fourth quarter fiscal and complete fiscal year of 2025. Total quarterly revenues increased by 11% compared to the previous year (in dollars and constant currency), reaching US$ 15.9 billion. Cloud services and license support revenues increased by 14% (in dollars and constant currency), reaching US$ 11.7 billion. Cloud license and on-premise license revenues grew by 9% in dollars and 8% in constant currency, totaling US$ 2.0 billion.
GAAP operating income for the 4th quarter was US$ 5.1 billion. Non-GAAP operating income was US$ 7.0 billion, an increase of 5% in dollars and 4% in constant currency. GAAP net income was US$ 3.4 billion, and non-GAAP net income was US$ 4.9 billion. GAAP earnings per share were US$ 1.19, while non-GAAP earnings per share were US$ 1.70.
Short-term deferred revenues totaled US$ 9.4 billion. Operating cash flow during the fiscal year 2025 was US$ 20.8 billion, an increase of 12% in dollars.
Total revenues for the fiscal year 2025 grew by 8% in dollars and 9% in constant currency, totaling US$ 57.4 billion. Cloud services and license support revenues increased by 12% in dollars and constant currency, reaching US$ 44.0 billion. Cloud and on-premise license revenues increased by 2% in dollars and 3% in constant currency, totaling US$ 5.2 billion.
GAAP operating income for the fiscal year 2025 was US$ 17.7 billion, and non-GAAP operating income was US$ 25.0 billion. GAAP net income was US$ 12.4 billion, while non-GAAP net income was US$ 17.3 billion. GAAP earnings per share were US$ 4.34, and non-GAAP earnings per share were US$ 6.03.
“The 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 should rise from 50% in 2025 to over 70% in 2026. And remaining performance obligations (RPO) will likely grow by over 100% in 2026. Oracle is on track to become not only the world’s largest cloud applications company, but also one of the largest cloud infrastructure providers.”
“MultiCloud database revenue with Amazon, Google, and Azure grew 115% from the 3rd to the 4th quarter,” said Larry Ellison, Oracle’s chairman and CTO. “Currently, we 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 datacenter revenue grew 104% year over year. We have 29 active dedicated Cloud@Customer datacenters and another 30 under construction for 2026. Oracle Cloud Infrastructure consumption revenue grew 62% in the 4th quarter. We expect even faster growth in 2026. OCI growth rates are soaring – along with demand.”
The board of directors declared a quarterly cash dividend of $0.50 per share of common stock outstanding. The payment will be made to shareholders of record at the close of business on July 10, 2025, with a payment date of July 24, 2025.
- List of customers who purchased Oracle cloud services during the quarter will be available at: oracle.com/customers/earnings.
- List with technical innovations and recent announcements can be accessed at: oracle.com/news.
- To find out what market analysts are saying about Oracle’s products and services, visit: oracle.com/corporate/analyst-reports.
Earnings Conference Call and Webcast
Oracle held an earnings conference call and webcast to discuss the results. The live broadcast and recording are available on Oracle’s Investor Relations website at: www.oracle.com/investor.
