NYSE · ORCL

Oracle Corporation

Technology · Software - Infrastructure

$150.58▲ 5.18% ($7.42)at close

After hours$150.45▼ 0.09%6:18 PM ET

52-week

$114.50$329.50

What the market price implies · Reverse DCF

To support a price of $150.58, this model requires revenue to grow by 17.99%/yr over the next 10 years, compounded annually.

Historical revenue grew by 12.24%/yr over the past 4 years. The required annual growth rate is 5.75 percentage points higher.

Selected forecast · Base scenario

10.68%/yr · actual 10-year annualized revenue growth

Year 1 growth: 16.74%

Market-implied · Base operating assumptions + edited margins

17.99%/yr · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

Valuation

Recommended · Revenue & margin DCF

Price used

$150.58

Estimated value / share

$74.83

Base scenario

This estimate is 50.3% below the price used.

USD · TTM ending 2026-08-31

Year 1 growth 16.74% · Ending margin 30% · Discount rate 11.6%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-08-31
Data refreshed: Sep 17, 2026, 10:19 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -50.04%Revenue (TTM): 21.62%FCF (TTM): -388.44%P/E: 45th pct

What changed

The stock fell 50.04% over the last year. Revenue grew 21.62% over the trailing twelve months. Operating margin moved from 30.44% to 32.36%. Free cash flow declined 388.44% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 32.36%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Oracle Corporation, a global technology giant, provides a comprehensive suite of enterprise information technology solutions worldwide.

CEOMichael D. Sicilia

SectorTechnology

IndustrySoftware - Infrastructure

Employees141,000

IPO dateMar 12, 1986

https://www.oracle.com

Market multiples

Forward P/E—

EV/EBITDA26.11

Enterprise value$839.08B

Stock splits

Oct 13, 2000↑ Forward

Every 1 shares became 2

+100%

Jan 19, 2000↑ Forward

Every 1 shares became 2

+100%

Mar 1, 1999↑ Forward

Every 2 shares became 3

+50%

Aug 18, 1997↑ Forward

Every 2 shares became 3

+50%

Apr 17, 1996↑ Forward

Every 2 shares became 3

+50%

Feb 23, 1995↑ Forward

Every 2 shares became 3

+50%

Nov 9, 1993↑ Forward

Every 1 shares became 2

+100%

Jul 3, 1989↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth29.61%

Gross margin (FY2026)65.2%▼5.3ppvs FY2025

Operating margin (FY2026)30.85%0.0ppvs FY2025

ROE41.62%▼12.7ppvs FY2026

Analyst consensus

RatingBuy

Target price$236.52▲57.07%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Dec 9, 2026

Q4 FY26 · EPS est $1.90 · Revenue est $21.3B

View

Dividends

$2.00/shareQuarterlyDividend Achiever · 16yrEx-div Oct 9, 2026 · in 22dAt Risk

ORCL pays a dividend with a 1.33% declared yield, 16 consecutive years of growth, growing at 10.76% annually, covered -4.1× by free cash flow.

Declared Yield

1.33%

Annual Div / Share

$2.00

5yr CAGR

+10.76%

Doubles every ~6.8yr

Payout Ratio

31.39%

At Risk

Dividend Growth Rate

3yr CAGR

+9.58%

5yr CAGR

+10.76%

10yr CAGR

+12.79%

Dividend Safety

5/10At Risk

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.00+5.3%

2025$1.90+18.7%

2024$1.60+5.3%

2023$1.52+18.8%

2022$1.28+6.7%

2021$1.20+25.0%

2020$0.96+5.5%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$13/yr

$1/mo

In 5 yrs

$22/yr+67%

$2/mo

In 10 yrs

$37/yr+178%

$3/mo

Today	In 5 yrs	In 10 yrs
$13/yr $1/mo	$22/yr+67% $2/mo	$37/yr+178% $3/mo

Yield-on-cost grows from 1.33% → 3.69% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

ORCL has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Strong dividend growth rate

The 5-year CAGR of 10.76% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

Dividend exceeds free cash flow

Free cash flow covers only -4.09× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.

NYSE · ORCL

Oracle Corporation

Technology · Software - Infrastructure

$150.58▲ 5.18% ($7.42)at close

After hours$150.45▼ 0.09%6:18 PM ET

52-week

$114.50$329.50

What the market price implies · Reverse DCF

To support a price of $150.58, this model requires revenue to grow by 17.99%/yr over the next 10 years, compounded annually.

Historical revenue grew by 12.24%/yr over the past 4 years. The required annual growth rate is 5.75 percentage points higher.

Selected forecast · Base scenario

10.68%/yr · actual 10-year annualized revenue growth

Year 1 growth: 16.74%

Market-implied · Base operating assumptions + edited margins

17.99%/yr · flat 10-year annualized revenue growth

Valuation

Recommended · Revenue & margin DCF

Price used

$150.58

Estimated value / share

$74.83

Base scenario

This estimate is 50.3% below the price used.

USD · TTM ending 2026-08-31

Year 1 growth 16.74% · Ending margin 30% · Discount rate 11.6%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-08-31
Data refreshed: Sep 17, 2026, 10:19 PM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

1Y Price: -50.04%Revenue (TTM): 21.62%FCF (TTM): -388.44%P/E: 45th pct

What changed

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 32.36%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Return analysis

Company profile

Oracle Corporation, a global technology giant, provides a comprehensive suite of enterprise information technology solutions worldwide.

CEOMichael D. Sicilia

SectorTechnology

IndustrySoftware - Infrastructure

Employees141,000

IPO dateMar 12, 1986

https://www.oracle.com

Market multiples

Forward P/E—

EV/EBITDA26.11

Enterprise value$839.08B

Stock splits

Oct 13, 2000↑ Forward

Every 1 shares became 2

+100%

Jan 19, 2000↑ Forward

Every 1 shares became 2

+100%

Mar 1, 1999↑ Forward

Every 2 shares became 3

+50%

Aug 18, 1997↑ Forward

Every 2 shares became 3

+50%

Apr 17, 1996↑ Forward

Every 2 shares became 3

+50%

Feb 23, 1995↑ Forward

Every 2 shares became 3

+50%

Nov 9, 1993↑ Forward

Every 1 shares became 2

+100%

Jul 3, 1989↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth29.61%

Gross margin (FY2026)65.2%▼5.3ppvs FY2025

Operating margin (FY2026)30.85%0.0ppvs FY2025

ROE41.62%▼12.7ppvs FY2026

Analyst consensus

RatingBuy

Target price$236.52▲57.07%

Buy

Hold

Sell

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Dec 9, 2026

Q4 FY26 · EPS est $1.90 · Revenue est $21.3B

View

Dividends

$2.00/shareQuarterlyDividend Achiever · 16yrEx-div Oct 9, 2026 · in 22dAt Risk

ORCL pays a dividend with a 1.33% declared yield, 16 consecutive years of growth, growing at 10.76% annually, covered -4.1× by free cash flow.

Declared Yield

1.33%

Annual Div / Share

$2.00

5yr CAGR

+10.76%

Doubles every ~6.8yr

Payout Ratio

31.39%

At Risk

Dividend Growth Rate

3yr CAGR

+9.58%

5yr CAGR

+10.76%

10yr CAGR

+12.79%

Dividend Safety

5/10At Risk

Dividend History

Annualized dividend cycles per share

YearAnnual DivYoY

2026$2.00+5.3%

2025$1.90+18.7%

2024$1.60+5.3%

2023$1.52+18.8%

2022$1.28+6.7%

2021$1.20+25.0%

2020$0.96+5.5%

Income Projection

Invest

USD

Growth rate:

Reinvest dividends

Today

$13/yr

$1/mo

In 5 yrs

$22/yr+67%

$2/mo

In 10 yrs

$37/yr+178%

$3/mo

Today	In 5 yrs	In 10 yrs
$13/yr $1/mo	$22/yr+67% $2/mo	$37/yr+178% $3/mo

Yield-on-cost grows from 1.33% → 3.69% over 10yr

Analysis

Dividend Strengths

Dividend Achiever

ORCL has raised its dividend for 16 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.

Strong dividend growth rate

The 5-year CAGR of 10.76% meaningfully outpaces inflation, compounding real income growth for long-term holders.

Risks to Watch

Dividend exceeds free cash flow

Free cash flow covers only -4.09× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.