Filing Flows

Filing Flows › Companies › Oracle › Cash flow

Oracle cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$5.4B in Q1 FY27 · −$28.7B over twelve months

Operating cash flow$23.1B
Capital spending−$28.5B
Free cash flow−$5.4B
Cash / net income4.9×

Analysis

In Q1 FY27, Oracle generated $23.1B of operating cash flow and spent $28.5B on capital projects, leaving free cash flow of −$5.4B. That is $5.0B less than in Q1 FY26 (−$362M).

Over the twelve months to Aug 31, 2026, operating cash flow was $46.9B; the largest uses were capital spending ($75.7B), net borrowing (+) / repaid (−) ($10.1B), dividends ($5.9B); besides operations, cash came from other financing ($47.9B), shares issued ($21.4B); the cash balance rose by $28.5B.

Operating cash flow was $23.1B against net income of $4.8B — 4.9× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$3.4B, stock-based pay +$1.1B, payables −$1.1B.

Free cash flow

Oracle: free cash flow by quarterOracle: free cash flow by quarter−$2.7BQ2 FY25$71.0MQ3 FY25−$2.9BQ4 FY25−$362MQ1 FY26−$10.0BQ2 FY26−$11.5BQ3 FY26−$1.9BQ4 FY26−$5.4BQ1 FY27
Operating cash flow less capital spending.
Oracle: operating cash flow against capital spendingOracle: operating cash flow against capital spendingOperating cash flowCapital spending$1.3B$4.0BQ2 FY25$5.9B$5.9BQ3 FY25$6.2B$9.1BQ4 FY25$8.1B$8.5BQ1 FY26$2.1B$12.0BQ2 FY26$7.2B$18.6BQ3 FY26$14.6B$16.5BQ4 FY26$23.1B$28.5BQ1 FY27
Latest (Q1 FY27): Operating cash flow $23.1B, Capital spending $28.5B.

Capital allocation, year by year

Oracle: where the cash came from (up) and went (down), by fiscal yearOracle: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $9.5BFY22: Net borrowing −$8.2BFY22: Shares issued $801MFY22: Capital spending −$4.5BFY22: Acquisitions −$148MFY22: Buybacks −$16.2BFY22: Dividends −$3.5B$10.3BFY22FY23: Operating cash flow $17.2BFY23: Net borrowing $13.4BFY23: Shares issued $2.2BFY23: Capital spending −$8.7BFY23: Acquisitions −$27.7BFY23: Buybacks −$1.3BFY23: Dividends −$3.7B$32.8BFY23FY24: Operating cash flow $18.7BFY24: Net borrowing −$3.7BFY24: Shares issued $1.3BFY24: Capital spending −$6.9BFY24: Acquisitions −$63.0MFY24: Buybacks −$1.2BFY24: Dividends −$4.4B$20.0BFY24FY25: Operating cash flow $20.8BFY25: Net borrowing $5.6BFY25: Shares issued $1.1BFY25: Capital spending −$21.2BFY25: Buybacks −$600MFY25: Dividends −$4.7B$27.5BFY25FY26: Operating cash flow $32.0BFY26: Net borrowing $36.9BFY26: Shares issued $7.6BFY26: Capital spending −$55.7BFY26: Buybacks −$95.0MFY26: Dividends −$5.8B$76.4BFY26
Over these 5 years operating cash flow totalled $98.2B; the largest uses were capital spending ($97.0B) and acquisitions ($27.9B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$37.1B
Debt$7.2B
Net cash$29.9B
Due within a year$7.2B

Oracle's operations bring cash in ($46.9B over twelve months), and it spends more than that on capital projects: a gap of $28.7B funded from its $37.1B of cash and investments and from borrowing ($7.2B of debt, $7.2B due within a year). That is a choice to invest, not a cash runway running down.

Oracle: debt maturities by year (FY26)Oracle: debt maturities by year (FY26)$7.2BYear 1$10.1BYear 2$5.5BYear 3$7.2BYear 4$9.8BYear 5$90.2BAfter year 5
Principal due in each year as disclosed in the annual report, against $37.1B of cash and investments now.

Where the cash came from and went

Oracle: sources (+) and uses (−) of cash, Q1 FY27Oracle: sources (+) and uses (−) of cash, Q1 FY27Capital spending−$28.5BOperating cash flow$23.1BShares issued$19.9BCash drawn (+) / kept (−)−$7.6BNet borrowing (+) / repaid (−)−$4.2BDividends−$1.6BOther financing−$1.1BOther investing−$81.0MExchange rates$11.0M
Oracle: sources (+) and uses (−) of cash, TTM to Q1 FY27Oracle: sources (+) and uses (−) of cash, TTM to Q1 FY27Capital spending−$75.7BOther financing$47.9BOperating cash flow$46.9BCash drawn (+) / kept (−)−$28.5BShares issued$21.4BNet borrowing (+) / repaid (−)−$10.1BDividends−$5.9BOther investing$3.9BExchange rates$80.0M

From profit to cash

Oracle: net income to operating cash flow, Q1 FY27Oracle: net income to operating cash flow, Q1 FY27Net income$4.8BDepreciation & amortization$3.4BStock-based pay$1.1BDeferred taxes−$73.0MGains on investments−$53.0MOther non-cash−$4.0MReceivables−$1.0BPayables−$1.1BPrepaid and other assets$114MIncome taxes payable$546MOperating cash flow$23.1B
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27$23.1B−$28.5B—−$1.6B−$4.2B$19.9B−$7.6B−$5.4B
Q4 FY26$14.6B−$16.5B—−$1.5B−$3.2B$132M$7.2B−$1.9B
Q3 FY26$7.2B−$18.6B—−$1.4B$26.5B$9.0M−$19.2B−$11.5B
Q2 FY26$2.1B−$12.0B—−$1.4B−$1.2B$1.3B−$8.8B−$10.0B
Q1 FY26$8.1B−$8.5B−$95.0M−$1.4B−$1.4B$1.2B$341M−$362M
Q4 FY25$6.2B−$9.1B−$150M−$1.4B−$3.8B$133M$6.6B−$2.9B
Q3 FY25$5.9B−$5.9B−$150M−$1.1B$7.6B$213M−$6.5B$71.0M
Q2 FY25$1.3B−$4.0B−$150M−$1.1B−$2.1B$128M−$325M−$2.7B

Oracle: income statement and cash flow

Oracle, Q1 FY27: revenue $19.3B (+30% year over year), operating margin 34.8%. The chart follows the revenue to costs, profit and cash.

Oracle: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.