Oracle Q2 FY26: where the revenue came from and where it went
The whole income statement of Oracle for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Sep 1 – Nov 30, 2025
- Reported
- Dec 11, 2025
Revenue$16.06B
+14% year over year
Gross profit$10.68B
67% margin
Operating profit$4.73B
29% margin
Net profit$6.14B
38% margin
Net profit is larger than what operations earned, because the statement adds $1.61B below it, under Other income, net.
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 16.06 | 100% | +14% |
| Cloud and Software | 13.85 | 86% | +15% |
| Services Business | 1.43 | 9% | +7% |
| Hardware Business | 0.78 | 5% | +7% |
| Cost of revenue | −5.37 | 33% | |
| Gross profit | 10.68 | 67% margin | +0pp |
| R&D | −2.56 | 16% | −2pp |
| Sales & marketing | −2.15 | 13% | −2pp |
| G&A | −0.41 | 3% | +0pp |
| Other | −0.83 | 5% | +0pp |
| Operating profit | 4.73 | 29% margin | −1pp |
| Other income, net | 1.61 | ||
| Tax | −0.21 | ||
| Net profit | 6.14 | 38% margin | +16pp |
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