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Oracle (ORCL) Q4 FY26 vs Q3 FY26 (quarter over quarter)

Oracle's revenue rose $2.0B (+12%) from $17.2B in Q3 FY26 to $19.2B in Q4 FY26. Operating margin 32.0% against 31.8% (+0.2 pts).

Oracle, Q4 FY26: revenue $19.2B (+21% year over year), operating margin 32.0%, net earnings $4.3B, operating cash flow $14.6B. The chart draws each line against Q3 FY26, the increases inside each band.

Oracle: what changed, Q4 FY26 vs Q3 FY26Oracle: what changed, Q4 FY26 vs Q3 FY26Negative free cash flow (OCF …−$9.6BOperating cash flow$7.5BWorking capital & other$6.7BCapital expenditures−$2.1BCosts & expenses$1.3BOther operating costs$1.2BPre-tax earnings$953MOperating profit$669MNet earnings$583MIncome tax$370M

Margins

Q4 FY26Q3 FY26Change
Operating margin32.0%31.8%+0.2 pts
Net margin22.4%21.6%+0.8 pts

Every line

LineQ4 FY26Q3 FY26Change%
Revenue$19.2B$17.2B$2.0B+12%
Operating profit$6.1B$5.5B$669M+12%
Costs & expenses$13.1B$11.7B$1.3B+11%
Pre-tax earnings$5.4B$4.4B$953M+22%
Other expense, net$764M$1.0B−$284M-27%
Research & development$2.6B$2.6B$7.0M+0.3%
Sales & marketing$2.1B$2.1B$16.0M+0.8%
General & admin$444M$389M$55.0M+14%
Other operating costs$7.9B$6.7B$1.2B+19%
Net earnings$4.3B$3.7B$583M+16%
Income tax$1.1B$695M$370M+53%
Depreciation & amortization$2.8B$2.6B$281M+11%
Share-based compensation$1.2B$1.3B−$125M-9%
Working capital & other$6.3B−$464M$6.7B—
Operating cash flow$14.6B$7.2B$7.5B+104%
Capital expenditures$16.5B$18.6B−$2.1B-11%
Negative free cash flow (OCF − capex)$1.9B$11.5B−$9.6B-84%

Questions

How much did Oracle's revenue grow quarter over quarter in Q4 FY26?

Oracle's revenue rose $2.0B (+12%) from $17.2B in Q3 FY26 to $19.2B in Q4 FY26. Operating margin 32.0% against 31.8% (+0.2 pts).

Q4 FY26 results → · Compare in the interactive Sankey →