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Operating Income by Segment
Shows the profitability of each business unit, highlighting which segments are driving Oracle's earnings and where there might be opportunities or challenges.Oracle’s operating income is now overwhelmingly driven by its cloud/software grouping after a mid‑2025 reclassification—this explains the disappearance of standalone “Cloud” and the jump in “Cloud and Software” profits, reflecting consolidation of database/cloud economics and rising operating leverage as capacity and GPU utilization scale. Services remain a much smaller but recovering contributor and hardware provides steady, modest profits. That mix underpins management’s bullish growth and huge RPO, but heavy FY27 CapEx, component inflation and near‑term gross‑margin pressure from the data‑center ramp could compress margins until new sites hit full contractual revenue.
Date | Services | Cloud | Hardware | Cloud and Softwware | Cloud and Software |
|---|---|---|---|---|---|
Sep 30, 2026 | $362.00M | $0.00 | $493.00M | $10.76B | |
Jun 30, 2026 | $368.00M | $0.00 | $631.00M | $11.51B | |
Mar 31, 2026 | $310.00M | $0.00 | $531.00M | $10.26B | |
Dec 31, 2025 | $259.00M | $0.00 | $561.00M | $9.86B | |
Sep 30, 2025 | $250.00M | $0.00 | $492.00M | $3.58B | $9.30B |
Jun 30, 2025 | $203.00M | $8.36B | $598.00M | $0.00 | $0.00 |
Mar 31, 2025 | $175.00M | $8.13B | $506.00M | $0.00 | $0.00 |
Dec 31, 2024 | $163.00M | $8.06B | $556.00M | $0.00 | $0.00 |
Sep 30, 2024 | $183.00M | $8.21B | $566.00M | $0.00 | $0.00 |
Jun 30, 2024 | $213.00M | $7.71B | $601.00M | $0.00 | $0.00 |