Oracle Corporation

Name: Oracle Corporation financial statements and ratios
Creator: Annalist

ORCL · NYSE · Technology, software · United States · US GAAP · Fiscal year ends May

Latest report: Q1 FY2027, the quarter ended 31 August 2026, released 11 September 2026. Snapshot FY2027Q1_fc89ae87.

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Overview

Revenue, quarter

+29.6% year on year

Operating income, quarter

+57.3% year on year

Net income, quarter

+62.6% year on year

Diluted EPS, quarter

+54.5% year on year

Operating margin, last 4 quarters

+1.7pp year on year

Return on equity, last 4 quarters

−29.5pp year on year

Select a figure to see the document it came from.

Key Findings

Findings for the latest quarter, with their history over earlier quarters.

Revenue for the quarter ended 31 August 2026 was US$19.3 billion, 29.6% higher than in the same quarter a year earlier.
Strengthenedin Q1 FY2027 · stated since Q1 FY2025
Rule: Revenue against a year earlier · Sources 10-Q 2026-08
History of this finding, 9 records
1. Q1 FY2027 StrengthenedRevenue for the quarter ended 31 August 2026 was US$19.3 billion, 29.6% higher than in the same quarter a year earlier.Recorded from FY2027Q1_a3ebf2b5 · data update
2. Q4 FY2026 WeakenedRevenue for the quarter ended 31 May 2026 was US$19.2 billion, 20.6% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q3 FY2026 StrengthenedRevenue for the quarter ended 28 February 2026 was US$17.2 billion, 21.7% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q2 FY2026 StrengthenedRevenue for the quarter ended 30 November 2025 was US$16.1 billion, 14.2% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q1 FY2026 ConfirmedRevenue for the quarter ended 31 August 2025 was US$14.9 billion, 12.2% higher than in the same quarter a year earlier.Reconstructed · data update
6. Q4 FY2025 StrengthenedRevenue for the quarter ended 31 May 2025 was US$15.9 billion, 11.3% higher than in the same quarter a year earlier.Reconstructed · data update
7. Q3 FY2025 WeakenedRevenue for the quarter ended 28 February 2025 was US$14.1 billion, 6.4% higher than in the same quarter a year earlier.Reconstructed · data update
8. Q2 FY2025 StrengthenedRevenue for the quarter ended 30 November 2024 was US$14.1 billion, 8.6% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q1 FY2025 NewRevenue for the quarter ended 31 August 2024 was US$13.3 billion, 6.9% higher than in the same quarter a year earlier.Reconstructed · initial
Net income attributable to the company was US$4.8 billion, 62.6% higher than in the same quarter a year earlier.
Strengthenedin Q1 FY2027 · stated since Q2 FY2026
Rule: Net income against a year earlier · Sources 10-Q 2026-08
History of this finding, 11 records
1. Q1 FY2027 StrengthenedNet income attributable to the company was US$4.8 billion, 62.6% higher than in the same quarter a year earlier.Recorded from FY2027Q1_a3ebf2b5 · data update
2. Q4 FY2026 WeakenedNet income attributable to the company was US$4.3 billion, 25.6% higher than in the same quarter a year earlier.Reconstructed · data update
3. Q3 FY2026 WeakenedNet income attributable to the company was US$3.7 billion, 26.7% higher than in the same quarter a year earlier.Reconstructed · data update
4. Q2 FY2026 NewNet income attributable to the company was US$6.1 billion, 94.7% higher than in the same quarter a year earlier.Reconstructed · data update
5. Q2 FY2026 RetiredThe finding changed to higher than a year earlier.Reconstructed · data update
6. Q1 FY2026 NewNet income attributable to the company was US$2.9 billion, 0.1% lower than in the same quarter a year earlier.Reconstructed · data update
7. Q1 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
8. Q4 FY2025 WeakenedNet income attributable to the company was US$3.4 billion, 9.0% higher than in the same quarter a year earlier.Reconstructed · data update
9. Q3 FY2025 WeakenedNet income attributable to the company was US$2.9 billion, 22.3% higher than in the same quarter a year earlier.Reconstructed · data update
10. Q2 FY2025 StrengthenedNet income attributable to the company was US$3.2 billion, 25.9% higher than in the same quarter a year earlier.Reconstructed · data update
11. Q1 FY2025 NewNet income attributable to the company was US$2.9 billion, 21.0% higher than in the same quarter a year earlier.Reconstructed · initial
The operating margin over the last 4 quarters was 32.1%, 1.7 percentage points higher than a year earlier.
Newin Q1 FY2027 · first stated
Rule: Operating margin against a year earlier · Sources 10-Q 2025-11, 10-Q 2026-02, 10-K 2026-05 and 1 more
History of this finding, 12 records
1. Q1 FY2027 NewThe operating margin over the last 4 quarters was 32.1%, 1.7 percentage points higher than a year earlier.Recorded from FY2027Q1_a3ebf2b5 · data update
2. Q1 FY2027 RetiredThe finding changed to higher than a year earlier.Recorded from FY2027Q1_a3ebf2b5 · data update
3. Q4 FY2026 ConfirmedThe operating margin over the last 4 quarters was 30.6%, 0.2 percentage points lower than a year earlier.Reconstructed · data update
4. Q3 FY2026 NewThe operating margin over the last 4 quarters was 30.6%, 0.4 percentage points lower than a year earlier.Reconstructed · data update
5. Q3 FY2026 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
6. Q2 FY2026 NewThe operating margin over the last 4 quarters was 30.3%, unchanged from a year earlier.Reconstructed · data update
7. Q2 FY2026 RetiredThe finding changed to unchanged from a year earlier.Reconstructed · data update
8. Q1 FY2026 WeakenedThe operating margin over the last 4 quarters was 30.4%, 0.6 percentage points higher than a year earlier.Reconstructed · data update
9. Q4 FY2025 WeakenedThe operating margin over the last 4 quarters was 30.8%, 1.8 percentage points higher than a year earlier.Reconstructed · data update
10. Q3 FY2025 ConfirmedThe operating margin over the last 4 quarters was 30.9%, 2.7 percentage points higher than a year earlier.Reconstructed · data update
11. Q2 FY2025 WeakenedThe operating margin over the last 4 quarters was 30.3%, 2.6 percentage points higher than a year earlier.Reconstructed · data update
12. Q1 FY2025 NewThe operating margin over the last 4 quarters was 29.8%, 2.8 percentage points higher than a year earlier.Reconstructed · initial
Return on equity over the last 4 quarters was 41.6%, against 71.2% a year earlier.
Weakenedin Q1 FY2027 · stated since Q3 FY2025
Rule: Return on equity against a year earlier · Sources 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11 and 3 more
History of this finding, 10 records
1. Q1 FY2027 WeakenedReturn on equity over the last 4 quarters was 41.6%, against 71.2% a year earlier.Recorded from FY2027Q1_a3ebf2b5 · data update
2. Q4 FY2026 WeakenedReturn on equity over the last 4 quarters was 54.3%, against 85.4% a year earlier.Reconstructed · data update
3. Q3 FY2026 WeakenedReturn on equity over the last 4 quarters was 58.7%, against 108.8% a year earlier.Reconstructed · data update
4. Q2 FY2026 WeakenedReturn on equity over the last 4 quarters was 70.6%, against 132.0% a year earlier.Reconstructed · data update
5. Q1 FY2026 WeakenedReturn on equity over the last 4 quarters was 71.2%, against 166.5% a year earlier.Reconstructed · data update
6. Q4 FY2025 WeakenedReturn on equity over the last 4 quarters was 85.4%, against 214.1% a year earlier.Reconstructed · data update
7. Q3 FY2025 NewReturn on equity over the last 4 quarters was 108.8%, against 664.8% a year earlier.Reconstructed · data update
8. Q3 FY2025 RetiredThe finding changed to lower than a year earlier.Reconstructed · data update
9. Q2 FY2025 ConfirmedReturn on equity over the last 4 quarters was 132.0%.Reconstructed · data update
10. Q1 FY2025 NewReturn on equity over the last 4 quarters was 166.5%.Reconstructed · initial
Purchases of property, plant and equipment exceeded operating cash flow by US$28.7 billion over the last 4 quarters.
Interpretation. The company spent more on capital expenditure than its operating cash flow, and paid the difference from cash, borrowing or asset sales.
Strengthenedin Q1 FY2027 · stated since Q4 FY2025
Rule: Free cash flow · Sources 10-Q 2025-08, 10-Q 2025-11, 10-Q 2026-02 and 2 more
History of this finding, 10 records
1. Q1 FY2027 StrengthenedPurchases of property, plant and equipment exceeded operating cash flow by US$28.7 billion over the last 4 quarters.Recorded from FY2027Q1_a3ebf2b5 · data update
2. Q4 FY2026 ConfirmedPurchases of property, plant and equipment exceeded operating cash flow by US$23.7 billion over the last 4 quarters.Reconstructed · data update
3. Q3 FY2026 StrengthenedPurchases of property, plant and equipment exceeded operating cash flow by US$24.7 billion over the last 4 quarters.Reconstructed · data update
4. Q2 FY2026 StrengthenedPurchases of property, plant and equipment exceeded operating cash flow by US$13.2 billion over the last 4 quarters.Reconstructed · data update
5. Q1 FY2026 StrengthenedPurchases of property, plant and equipment exceeded operating cash flow by US$5.9 billion over the last 4 quarters.Reconstructed · data update
6. Q4 FY2025 NewPurchases of property, plant and equipment exceeded operating cash flow by US$394 million over the last 4 quarters.Reconstructed · data update
7. Q4 FY2025 RetiredThe finding changed to negative.Reconstructed · data update
8. Q3 FY2025 WeakenedFree cash flow over the last 4 quarters was US$5.8 billion, and operating cash flow was 1.7 times net income attributable to the company.Reconstructed · data update
9. Q2 FY2025 WeakenedFree cash flow over the last 4 quarters was US$9.5 billion, and operating cash flow was 1.7 times net income attributable to the company.Reconstructed · data update
10. Q1 FY2025 NewFree cash flow over the last 4 quarters was US$11.3 billion, and operating cash flow was 1.7 times net income attributable to the company.Reconstructed · initial
Net debt was US$88.3 billion at 31 August 2026, 2.6 times EBITDA over the last 4 quarters.
Confirmedin Q1 FY2027 · first stated
Rule: Net debt or net cash · Sources 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11 and 2 more
History of this finding, 6 records
1. Q1 FY2027 ConfirmedNet debt was US$88.3 billion at 31 August 2026, 2.6 times EBITDA over the last 4 quarters.Recorded from FY2027Q1_3d4ec06d · correction
2. Q1 FY2027 NewNet debt was US$88.3 billion at 31 August 2026, 2.7 times EBITDA over the last 4 quarters.Recorded from FY2027Q1_75737131 · correction
3. Q1 FY2027 RetiredThe rule did not apply to the figures as at Q1 FY2027.Recorded from FY2027Q1_a3ebf2b5 · data update
4. Q4 FY2026 NewCash and short-term investments exceeded total debt by US$24.7 billion at 31 May 2026.Reconstructed · data update
5. Q1 FY2026 RetiredThe rule did not apply to the figures as at Q1 FY2026.Reconstructed · data update
6. Q4 FY2025 NewCash and short-term investments exceeded total debt by US$3.9 billion at 31 May 2025.Reconstructed · initial

Records before Q1 FY2027 are reconstructed from the latest snapshot. Ledger: findings.json. Correction of 19 October 2026: Annalist did not capture the debt that Oracle reports as notes and loans, current and non-current. Its total debt was US$7.2 billion at 31 May 2026 against US$129.5 billion with its notes, and nil at 31 August 2026 against US$125.3 billion. Its net debt, credit metrics, Beneish M-score and Piotroski F-score used too little debt. Records 6, 10, 31, 32, 37, 46, 70, 71, 75, 77 and 84 cite figures that the correction changed, and records 49 and 87 retire a net cash position that the corrected figures never show. Records 88 to 93 state the corrected findings, among them net debt of US$88.3 billion at 31 August 2026 and lease-adjusted debt of 3.9 times adjusted EBITDA, in the significant band. Correction of 20 October 2026: The filings of Oracle gave its revenue of fiscal 2021 and 2022 as the figure of the fourth quarter as well as of the year, and Annalist took the fourth quarters as US$40.5 billion and US$42.4 billion. They are now US$11.2 billion and US$11.8 billion. Annalist left the amortisation of intangible assets that Oracle reports on a line of its own out of depreciation and amortisation: US$7.62 billion for fiscal 2026 against US$9.29 billion with it. Dividends per share of 6 quarters derived from the figures of 2 filings are no longer published. Records 99 and 100 state the corrected findings, among them lease-adjusted debt of 3.8 times adjusted EBITDA over the 4 quarters to 31 August 2026. Records 6, 32, 46, 71, 84, 88, 90, 94 and 97 cite figures that the correction changed. Correction of 22 October 2026: Annalist did not capture the income before income taxes that Oracle reports on a line of its own, so the item had no value for any period from fiscal 2021 to the first quarter of fiscal 2027, and the ratios on it were not published. The item now gives US$19.6 billion for fiscal 2026. No finding cites the figures.

Credit, liquidity, earnings quality and score findings: Analysis.

Data

Source documents26 documents, latest Form 10-Q, period ended 31 August 2026List

DownloadsExcel workbook · JSON

SnapshotFY2027Q1_fc89ae87

Corporate Events

Acquisitions paid in cash31 May 2023
Paid US$27.7 billion in cash for business acquisitions in fiscal 2023, 25.4% of total assets at the start of the year.
Source 10-K 2025-05
Acquisition8 June 2022
Completed the acquisition of Cerner Corporation.
Source 8-K 2022-06

Earnings, Returns and Balance Sheet

Revenue

By quarter, US dollars

Operating Income

By quarter, US dollars

Net Income Attributable to the Company

By quarter, US dollars

Margins

Last 4 quarters at each quarter end, per cent

Returns

Last 4 quarters, per cent

Free Cash Flow

Operating cash flow less capital expenditure, by quarter, US dollars

Net Debt

Total debt less cash and short-term investments, at quarter end, US dollars

Diluted Earnings per Share

By quarter, as reported

Financial Statements

Figures as filed. Select a figure for its source document and method; a small d marks a quarter derived from cumulative reports.

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Ratios

Select a ratio for its formula and the figures it uses, each with its document; (i) gives its definition.

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Analysis

Credit update

Q1 FY2027

Form 10-Q, period ended 31 August 2026, filed 11 September 2026. Changes are against the previous report, and each figure shows its period.

5changes4thresholds crossed

Changes in This Report 5

StrengthenedRevenue Against a Year Earlier10-Q 2026-08
Revenue for the quarter ended 31 August 2026 was US$19.3 billion, 29.6% higher than in the same quarter a year earlier.
Earlier record, Q4 FY2026
Revenue for the quarter ended 31 May 2026 was US$19.2 billion, 20.6% higher than in the same quarter a year earlier.
StrengthenedNet Income Against a Year Earlier10-Q 2026-08
Net income attributable to the company was US$4.8 billion, 62.6% higher than in the same quarter a year earlier.
Earlier record, Q4 FY2026
Net income attributable to the company was US$4.3 billion, 25.6% higher than in the same quarter a year earlier.
NewOperating Margin Against a Year Earlier10-Q 2026-08
The operating margin over the last 4 quarters was 32.1%, 1.7 percentage points higher than a year earlier.
Earlier record, Q4 FY2026
The operating margin over the last 4 quarters was 30.6%, 0.2 percentage points lower than a year earlier.
WeakenedReturn on Equity Against a Year Earlier10-Q 2026-08
Return on equity over the last 4 quarters was 41.6%, against 71.2% a year earlier.
Earlier record, Q4 FY2026
Return on equity over the last 4 quarters was 54.3%, against 85.4% a year earlier.

1 more change

StrengthenedFree Cash Flow10-Q 2026-08
Purchases of property, plant and equipment exceeded operating cash flow by US$28.7 billion over the last 4 quarters.
Earlier record, Q4 FY2026
Purchases of property, plant and equipment exceeded operating cash flow by US$23.7 billion over the last 4 quarters.

Thresholds Crossed 4

StrengthenedFree Cash Flow
Purchases of property, plant and equipment exceeded operating cash flow by US$28.7 billion over the last 4 quarters.
Interpretation. The company spent more on capital expenditure than its operating cash flow, and paid the difference from cash, borrowing or asset sales.
ConfirmedDebt Against the S&P Benchmark Bands
Lease-adjusted debt was 3.8 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 20.4% of that debt. Both ratios are within the significant band of the S&P standard volatility table.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the significant band is number 4 of 6, and a higher number means more debt against earnings.
ConfirmedLiquidity Cover
Cash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow fall short of the debt due in the next 12 months, capital expenditure and dividends. The company pays the difference with new borrowing, its undrawn credit lines, asset sales or lower spending.
WeakenedAltman Z'' Zone
The Altman Z'' score for fiscal 2026 was 0.80, below the distress threshold of 1.10.
Interpretation. By this model, the balance sheet and earnings look like those of companies that went bankrupt in its original study: below 1.10 means distress, above 2.60 safe. Large share buybacks lower book equity and so lower the score.

Fiscal years and the latest quarter, with flows over the last 4 quarters and balances at the quarter end. Select a value for its formula and the figures it uses.

Credit MetricsSignificant bandDebt to EBITDA 3.80x, FFO to debt 20.4% · Q1 FY2027

Lease-adjusted debt, EBITDA and cash flow on the definitions of S&P and Moody's, as far as the filings allow.

Lease-adjusted debt was 3.8 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 20.4% of that debt. Both ratios are within the significant band of the S&P standard volatility table.
Interpretation. Debt to EBITDA shows how many years of EBITDA the debt equals, and FFO to debt the share of the debt that 1 year of cash flow after interest and taxes would repay. The S&P table sorts both into 6 bands; the significant band is number 4 of 6, and a higher number means more debt against earnings.
Confirmedin Q1 FY2027 · first stated
Rule: Debt against the S&P benchmark bands · Sources 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11 and 2 more
History of this finding, 10 records
1. Q1 FY2027 ConfirmedLease-adjusted debt was 3.8 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 20.4% of that debt. Both ratios are within the significant band of the S&P standard volatility table.Recorded from FY2027Q1_3d4ec06d · correction
2. Q1 FY2027 ConfirmedLease-adjusted debt was 3.9 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 19.5% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the aggressive band.Recorded from FY2027Q1_24c29f1d · methodology
3. Q1 FY2027 ConfirmedLease-adjusted debt was 3.9 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 19.5% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the aggressive band.Recorded from FY2027Q1_24c29f1d · methodology
4. Q1 FY2027 NewLease-adjusted debt was 3.9 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 19.5% of that debt. Debt to EBITDA is within the significant band of the S&P standard volatility table and FFO to debt within the aggressive band.Recorded from FY2027Q1_75737131 · data update
5. Q1 FY2027 RetiredThe finding changed to the significant band.Recorded from FY2027Q1_75737131 · data update
6. FY2026 ConfirmedLease-adjusted debt was 1.0 times adjusted EBITDA for fiscal 2026, and funds from operations equalled 72.2% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Recorded from FY2027Q1_a3ebf2b5 · data update
7. Q4 FY2026 ConfirmedLease-adjusted debt was 1.0 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 73.6% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Reconstructed · data update
8. FY2025 ConfirmedLease-adjusted debt was 0.7 times adjusted EBITDA for fiscal 2025, and funds from operations equalled 96.4% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Reconstructed · data update
9. Q4 FY2025 ConfirmedLease-adjusted debt was 0.7 times adjusted EBITDA over the last 4 quarters, and funds from operations equalled 106.6% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Reconstructed · data update
10. FY2024 NewLease-adjusted debt was 0.8 times adjusted EBITDA for fiscal 2024, and funds from operations equalled 88.6% of that debt. Both ratios are within the minimal band of the S&P standard volatility table.Reconstructed · initial

Position in the S&P Standard Volatility Table, Last 4 Quarters to Q1 FY2027

S&P sorts companies into 6 bands by debt against earnings and cash flow, from the least debt to the most.

Debt equals 3.8 years of adjusted EBITDA; a year of funds from operations equals 20.4% of it.

Band	Minimal	Modest	Intermediate	Significant	Aggressive	Highly leveraged
Debt to EBITDA	below 1.5x	1.5x to 2x	2x to 3x	3.80x3x to 4x	4x to 5x	5x and above
FFO to debt	60% and above	45% to 60%	30% to 45%	20.4%20% to 30%	12% to 20%	below 12%

By Fiscal Year

Ratio	FY202231 May 2022	FY202331 May 2023	FY202431 May 2024	FY202531 May 2025	FY202631 May 2026	Q1 FY2027latest quarter
Lease-adjusted debtBorrowings plus the obligations of long-term leases, such as rents of stores, offices and warehouses, which credit analysts count as debt.Total debt + operating lease liabilities
Adjusted EBITDAOperating profit before depreciation, amortisation, goodwill impairment, pay in shares and lease costs: the earnings that credit analysts set against lease-adjusted debt.EBIT + depreciation and amortisation + goodwill impairment + share-based compensation + operating lease cost
Funds from operationsAdjusted EBITDA less interest and tax paid in cash: the cash the business produces each year for investment, dividends and debt repayment.Adjusted EBITDA - cash interest - lease interest - cash taxes
Debt to EBITDALease-adjusted debt measured in years of adjusted EBITDA. A figure of 3 means debt equals 3 years of those earnings; a lower figure means less debt against earnings.Lease-adjusted debt / adjusted EBITDA	aggressive	aggressive	significant	significant	aggressive	significant
FFO to debtFunds from operations as a share of lease-adjusted debt. A figure of 25% means a year of those funds equals a quarter of the debt; a higher figure means less debt.Funds from operations / lease-adjusted debt	aggressive	aggressive	significant	significant	aggressive	significant
Net debt to adjusted EBITDADebt to EBITDA after cash and short-term investments are set against the debt.(Lease-adjusted debt - cash - short-term investments) / adjusted EBITDA
Operating cash flow to debtOperating cash flow, with lease costs added back, as a share of lease-adjusted debt. A higher share means the debt could be repaid sooner from operating cash.Lease-adjusted operating cash flow / lease-adjusted debt
Free operating cash flow to debtOperating cash flow less capital spending, as a share of lease-adjusted debt: the cash left for the debt after the company maintains and expands its assets.(Lease-adjusted operating cash flow - capital expenditure) / lease-adjusted debt
Discretionary cash flow to debtCash left after capital spending, dividends and share repurchases, as a share of lease-adjusted debt. A negative figure means the company paid out more than it generated.(Lease-adjusted operating cash flow - capital expenditure - dividends - repurchases of common stock) / lease-adjusted debt
Retained cash flow to net debtFunds from operations left after dividends, as a share of debt net of cash.(FFO - dividends) / (lease-adjusted debt - cash - short-term investments)
FFO cash interest coverThe number of times cash earnings cover cash interest, lease interest included.(FFO + cash interest + lease interest) / (cash interest + lease interest)
EBITDA interest coverThe number of times adjusted EBITDA covers interest, lease interest included.Adjusted EBITDA / (interest expense + lease interest)
EBITA interest coverOperating profit before the amortisation of acquired intangible assets and goodwill impairment, divided by interest expense.(EBIT + amortisation of intangible assets + goodwill impairment) / interest expense
Liquid assets to debtCash and short-term investments as a share of lease-adjusted debt: the part of the debt that cash on hand could repay at once.(Cash + short-term investments) / lease-adjusted debt

Reconciliation of the Credit Figures

Item	FY202231 May 2022	FY202331 May 2023	FY202431 May 2024	FY202531 May 2025	FY202631 May 2026	Q1 FY2027latest quarter
Total debt	$75.9bn	$90.5bn	$86.9bn	$92.6bn	$130bn	$125bn
Operating lease liabilities	$3.7bn	$4.8bn	$7.5bn	$13.4bn	$30.2bn	$34.6bn
Lease-adjusted debt	$79.5bn	$95.3bn	$94.4bn	$106bn	$160bn	$160bn
EBIT	$10.9bn	$13.1bn	$15.4bn	$17.7bn	$20.6bn	$23.1bn
Depreciation and amortisation	$3.1bn	$6.1bn	$6.1bn	$6.2bn	$9.3bn	$10.9bn
Goodwill impairment	$0	$0	$0	$0	$0	$0
Share-based compensation	$2.6bn	$3.5bn	$4.0bn	$4.7bn	$4.8bn	$4.8bn
Operating lease cost	$766m	$883m	$1.2bn	$1.7bn	$2.8bn	$3.3bn
Adjusted EBITDA	$17.4bn	$23.6bn	$26.6bn	$30.2bn	$37.5bn	$42.1bn
Cash interest	−$2.7bn	−$3.2bn	−$3.7bn	−$3.4bn	−$3.9bn	−$5.1bn
Lease interest	−$93.4m	−$170m	−$316m	−$556m	−$1.2bn	−$1.5bn
Cash taxes	−$2.6bn	−$3.0bn	−$3.6bn	−$4.0bn	−$3.7bn	−$2.8bn
Funds from operations	$12.0bn	$17.2bn	$19.1bn	$22.3bn	$28.7bn	$32.7bn

Method

Lease-adjusted debt is total debt plus operating lease liabilities, before the deduction of cash. Adjusted EBITDA adds goodwill impairment, share-based compensation and operating lease cost to EBIT and depreciation and amortisation; restructuring and litigation charges, other impairments and profits on disposals stay in EBIT. FFO deducts cash interest, lease interest and cash taxes.
Lease interest is the average operating lease liability times the weighted average discount rate of the leases, or the implied cost of debt where the rate is not reported.
S&P applies its table to its own adjusted figures, which also deduct surplus cash and adjust for pensions and other items, so the band of an S&P calculation can differ.

Liquidity and MaturitiesUses above sourcesLiquidity cover 0.94x, Debt due within 12 months $7.6bn · Q1 FY2027

Cash and operating cash flow against debt due within 12 months, capital expenditure and dividends, with the debt maturities of the latest annual report.

Cash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.
Interpretation. Cash on hand and 1 year of operating cash flow fall short of the debt due in the next 12 months, capital expenditure and dividends. The company pays the difference with new borrowing, its undrawn credit lines, asset sales or lower spending.
Confirmedin Q1 FY2027 · stated since Q4 FY2025
Rule: Liquidity cover · Sources 10-Q 2026-08, 10-Q 2025-08, 10-Q 2025-11 and 2 more
History of this finding, 9 records
1. Q1 FY2027 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2027Q1_24c29f1d · methodology
2. Q1 FY2027 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2027Q1_24c29f1d · methodology
3. Q1 FY2027 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2027Q1_75737131 · data update
4. FY2026 ConfirmedCash, short-term investments and operating cash flow for fiscal 2026 equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Recorded from FY2027Q1_a3ebf2b5 · data update
5. Q4 FY2026 ConfirmedCash, short-term investments and operating cash flow over the last 4 quarters equalled 0.9 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
6. FY2025 ConfirmedCash, short-term investments and operating cash flow for fiscal 2025 equalled 1.0 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
7. Q4 FY2025 NewCash, short-term investments and operating cash flow over the last 4 quarters equalled 1.0 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · data update
8. Q4 FY2025 RetiredThe finding changed to sources of cash that fall short of the uses.Reconstructed · data update
9. FY2024 NewCash, short-term investments and operating cash flow for fiscal 2024 equalled 1.3 times the sum of debt due within 12 months, capital expenditure and dividends.Reconstructed · initial

Sources and Uses, Last 4 Quarters to Q1 FY2027

Sources	Amount
Cash and short-term investments	$37.1bn
Operating cash flow	$46.9bn
Sources	$84.0bn

Uses	Amount
Debt due within 12 months	$7.6bn
Capital expenditure	$75.7bn
Dividends paid	$5.9bn
Uses	$89.2bn

Liquidity cover 0.94x

Debt Maturities at 31 May 2026

Principal due by fiscal year, US dollars

FY2027	FY2028	FY2029	FY2030	FY2031	After FY2031	Total
$7.2bn	$10.1bn	$5.5bn	$7.2bn	$9.8bn	$90.2bn	$130bn

By Fiscal Year

Ratio	FY202231 May 2022	FY202331 May 2023	FY202431 May 2024	FY202531 May 2025	FY202631 May 2026	Q1 FY2027latest quarter
Liquidity coverCash on hand plus a year of operating cash flow, against the cash needed in the next 12 months for maturing debt, capital spending and dividends. Above 1, these sources cover the uses without new borrowing.(Cash + short-term investments + operating cash flow) / (debt due within 12 months + capital expenditure + dividends); the flows of the fiscal year or of the last 4 quarters are taken as those of the next 12 months, and undrawn facilities are not included
Debt due within 12 monthsBorrowings due within the next 12 months, which the company must repay or refinance.The larger of long-term debt maturing within 12 months in the maturity schedule and the current portion of long-term debt, + short-term borrowings
Maturity concentrationThe largest amount of debt due in a single year of the next 5, as a share of the debt in the schedule. A high share means the repayments are concentrated in 1 year.Largest single year of debt maturing within 5 years / total debt in the maturity schedule						n/a

Method

Debt due within 12 months is the larger of the first year of the maturity schedule and the current portion of long-term debt, plus short-term borrowings. The schedule of a quarterly report can cover the rest of the fiscal year only and leaves out finance leases.
Capital expenditure and dividends of the fiscal year, or of the last 4 quarters, are taken as those of the next 12 months. Undrawn credit facilities are not included.

Earnings QualityCash-flow accruals −11.6%, Operating cash flow to EBITDA 1.38x · Q1 FY2027

Accruals and the cash backing of reported earnings.

Operating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 11.6% of average total assets.
Interpretation. The profit came in as cash: operating cash flow was larger than net income. Profit backed by cash tends to repeat more than profit made of accounting entries (Sloan, 1996).
Confirmedin Q1 FY2027 · stated since Q1 FY2025
Rule: Cash backing of earnings · Sources 10-Q 2025-08, 10-Q 2026-08, 10-Q 2025-11 and 2 more
History of this finding, 10 records
1. Q1 FY2027 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 11.6% of average total assets.Recorded from FY2027Q1_24c29f1d · methodology
2. Q1 FY2027 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 11.6% of average total assets.Recorded from FY2027Q1_a3ebf2b5 · data update
3. Q4 FY2026 StrengthenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.9% of average total assets.Reconstructed · data update
4. Q3 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.6% of average total assets.Reconstructed · data update
5. Q2 FY2026 WeakenedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 3.9% of average total assets.Reconstructed · data update
6. Q1 FY2026 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.6% of average total assets.Reconstructed · data update
7. Q4 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.4% of average total assets.Reconstructed · data update
8. Q3 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.8% of average total assets.Reconstructed · data update
9. Q2 FY2025 ConfirmedOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 6.1% of average total assets.Reconstructed · data update
10. Q1 FY2025 NewOperating cash flow over the last 4 quarters exceeded net income attributable to the company by an amount equal to 5.8% of average total assets.Reconstructed · initial

Net Income and Operating Cash Flow

Last 4 quarters at each quarter end, US dollars

By Fiscal Year

Ratio	FY202231 May 2022	FY202331 May 2023	FY202431 May 2024	FY202531 May 2025	FY202631 May 2026	Q1 FY2027latest quarter
Cash-flow accrualsNet income less operating cash flow, against average assets: the part of profit not received in cash in the same period. Research associates high accruals with lower earnings in later years; a negative figure means cash exceeded profit.(Net income attributable to the company - operating cash flow) / average total assets
Balance sheet accrualsThe same gap between profit and cash, measured from the changes in the balance sheet (Sloan, 1996).[(Change in current assets - change in cash) - (change in current liabilities - change in short-term debt - change in taxes payable) - depreciation and amortisation] / average total assets (Sloan, 1996)
Total accrualsAccruals that also cover long-term operating and financial assets and liabilities (Richardson, Sloan, Soliman and Tuna, 2005). Acquisitions raise the figure.Change in net operating working capital, net non-current operating assets and net financial assets / average total assets (Richardson, Sloan, Soliman and Tuna, 2005)
Operating cash flow to EBITDAOperating cash flow against EBITDA: the part of operating profit before depreciation that turns into cash after interest, tax and changes in stock, receivables and payables.Operating cash flow / (operating income + depreciation and amortisation)
Free cash flow to net incomeFree cash flow against net income. Below 1, investment and working capital take up part of the profit.(Operating cash flow - capital expenditure) / net income attributable to the company
Working capital investment to revenueCash put into receivables and stock, less extra credit from suppliers and customers, as a share of revenue. A positive figure means growth or slower collection uses cash.(Increase in receivables + increase in inventories - increase in payables - increase in contract liabilities) / revenue

Method

Cash-flow accruals are net income attributable to the company less operating cash flow, over average total assets. Balance sheet accruals follow Sloan (1996) and total accruals Richardson, Sloan, Soliman and Tuna (2005).
Balance sheet and total accruals include the assets and liabilities that acquisitions bring in and disposals take out; cash-flow accruals exclude them.

Forensic and Distress ScoresDistress zoneAltman Z'' 0.80, Beneish −2.61 · Piotroski 5 of 9 · Last 4 quarters 0.97 at Q1 FY2027 · FY2026

Published distress and misstatement models, with their original coefficients and thresholds.

The Altman Z'' score for fiscal 2026 was 0.80, below the distress threshold of 1.10.
Interpretation. By this model, the balance sheet and earnings look like those of companies that went bankrupt in its original study: below 1.10 means distress, above 2.60 safe. Large share buybacks lower book equity and so lower the score.
Weakenedin FY2026 · stated since FY2024
Rule: Altman Z'' zone · Sources 10-Q 2026-08, 10-K 2026-05
History of this finding, 3 records
1. FY2026 WeakenedThe Altman Z'' score for fiscal 2026 was 0.80, below the distress threshold of 1.10.Reconstructed · data update
2. FY2025 WeakenedThe Altman Z'' score for fiscal 2025 was 0.24, below the distress threshold of 1.10.Reconstructed · data update
3. FY2024 NewThe Altman Z'' score for fiscal 2024 was minus 0.14, below the distress threshold of 1.10.Reconstructed · initial
The Beneish M-score for fiscal 2026 was minus 2.61, below the model threshold of minus 1.78.
Interpretation. The model finds no sign of earnings manipulation. Beneish (1999) set a threshold of minus 1.78, above which a company resembles the companies that manipulated their earnings.
Confirmedin FY2026 · stated since FY2024
Rule: Beneish M-score against its threshold · Sources 10-K 2026-05, 10-Q 2026-08
History of this finding, 4 records
1. FY2026 ConfirmedThe Beneish M-score for fiscal 2026 was minus 2.61, below the model threshold of minus 1.78.Recorded from FY2027Q1_75737131 · correction
2. FY2026 ConfirmedThe Beneish M-score for fiscal 2026 was minus 2.59, below the model threshold of minus 1.78.Reconstructed · data update
3. FY2025 WeakenedThe Beneish M-score for fiscal 2025 was minus 2.58, below the model threshold of minus 1.78.Reconstructed · data update
4. FY2024 NewThe Beneish M-score for fiscal 2024 was minus 2.74, below the model threshold of minus 1.78.Reconstructed · initial
The Piotroski F-score for fiscal 2026 was 5 of 9. The 4 signals not met were long-term debt to assets lower than a year earlier, no common equity issued, margin higher than a year earlier and asset turnover higher than a year earlier.
Interpretation. The score counts how many of 9 tests of profit, debt, liquidity and efficiency the company passes. A score of 4 to 6 is the middle group: Piotroski (2000) placed 7 to 9 in the strongest group and 0 to 3 in the weakest.
Confirmedin FY2026 · first stated
Rule: Piotroski F-score · Sources 10-K 2025-05, 10-K 2026-05, 10-Q 2026-08
History of this finding, 6 records
1. FY2026 ConfirmedThe Piotroski F-score for fiscal 2026 was 5 of 9. The 4 signals not met were long-term debt to assets lower than a year earlier, no common equity issued, margin higher than a year earlier and asset turnover higher than a year earlier.Recorded from FY2027Q1_75737131 · correction
2. FY2026 NewThe Piotroski F-score for fiscal 2026 was 6 of 9. The 3 signals not met were no common equity issued, margin higher than a year earlier and asset turnover higher than a year earlier.Reconstructed · data update
3. Q4 FY2026 RetiredThe finding changed to a middle score.Reconstructed · data update
4. FY2025 NewThe Piotroski F-score for fiscal 2025 was 8 of 9. The signal not met was no common equity issued.Reconstructed · data update
5. Q4 FY2025 RetiredThe finding changed to a high score.Reconstructed · data update
6. FY2024 NewThe Piotroski F-score for fiscal 2024 was 6 of 9. The 3 signals not met were current ratio higher than a year earlier, no common equity issued and asset turnover higher than a year earlier.Reconstructed · initial

By Fiscal Year

Ratio	FY202231 May 2022	FY202331 May 2023	FY202431 May 2024	FY202531 May 2025	FY202631 May 2026	Q1 FY2027latest quarter
Altman Z'' scoreA measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.6.56 x working capital / total assets + 3.26 x retained earnings / total assets + 6.72 x EBIT / total assets + 1.05 x total equity / total liabilities (Altman, 1995); distress zone below 1.10, safe zone above 2.60	distress zone	distress zone	distress zone	distress zone	distress zone	distress zone
Beneish M-scoreA screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.-4.84 + 0.920 DSRI + 0.528 GMI + 0.404 AQI + 0.892 SGI + 0.115 DEPI - 0.172 SGAI + 4.679 TATA - 0.327 LVGI (Beneish, 1999); model threshold -1.78	below threshold	below threshold	below threshold	below threshold	below threshold	n/a
Dechow F-scoreThe probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.Predicted probability of a misstatement (model 1 of Dechow, Ge, Larson and Sloan, 2011) / 0.0037, the unconditional probability; 1 equals the base rate	n/a					n/a
Piotroski F-scoreA count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.Number of 9 binary signals met on profitability, cash flow, debt, liquidity, equity issuance, margin and asset turnover (Piotroski, 2000)	n/a					n/a

Altman Z'' Score

fiscal 2026

A measure of the risk of financial distress, built from working capital, retained earnings, operating profit and equity. Above 2.60 the model counts a company as safe and below 1.10 as in distress; between the 2 is a grey zone.

0.80Distress zone, below 1.10

Grey zone, 1.10 to 2.60

Safe zone, above 2.60

The score of 0.80 is in the distress zone of the model, below 1.10. The largest part is operating profit, at 0.53; an accumulated deficit lowers the score by 0.05.

Part	Value	Coefficient	Contribution
Working capital / total assetsCurrent assets less current liabilities, against total assets: the short-term funds available for operations.	0.018	6.560	0.120
Retained earnings / total assetsProfits kept in the business over its life, against total assets.	−0.016	3.260	−0.054
EBIT / total assetsOperating profit against total assets: the earning power of the assets.	0.079	6.720	0.529
Total equity / total liabilitiesBook equity against liabilities: how far the assets could fall in value before liabilities exceed them.	0.197	1.050	0.207
Score			0.802

Altman, Hartzell and Peck (1995), for non-manufacturing companies. The model omits the ratio of sales to total assets of the 1968 model and uses book equity. Working capital below zero and equity reduced by share repurchases lower the score.

Beneish M-score

fiscal 2026

A screen for earnings manipulation, built from 8 changes in the accounts, such as receivables growing faster than sales. Above minus 1.78 the model groups a company with the companies in the Beneish sample that manipulated their earnings.

−2.61Below the threshold, −1.78 and below

Above the threshold, above −1.78

The score of minus 2.61 is below the model threshold of minus 1.78. Of the 8 measures, sales growth raises the score most.

Part	Value	Coefficient	Contribution
Intercept			−4.840
Days sales in receivables indexReceivables against sales, against a year earlier. A rise can mean sales recorded before customers pay.	1.034	0.920	0.951
Gross margin indexGross margin a year earlier against the current gross margin. Above 1, margins fell, which the model treats as a risk factor.	1.000	0.528	0.528
Asset quality indexAssets other than current assets and property, plant and equipment, as a share of total assets, against a year earlier. A rise can mean more costs recorded as assets.	0.739	0.404	0.299
Sales growth indexSales against a year earlier. The model treats fast growth as a risk factor.	1.173	0.892	1.047
Depreciation indexThe rate of depreciation a year earlier against the current rate. Above 1, depreciation slowed, which raises profit.	1.152	0.115	0.132
Selling, general and administrative expenses indexOverheads against sales, against a year earlier.	1.000	−0.172	−0.172
Total accruals to total assetsNet income less operating cash flow, against total assets: profit not backed by cash. It carries the largest coefficient in the model.	−0.057	4.679	−0.266
Leverage indexDebt against total assets, against a year earlier.	0.895	−0.327	−0.293
Score			−2.614

Beneish (1999), estimated on 74 companies identified as earnings manipulators in SEC enforcement releases and the press for 1982 to 1992, against 2,332 Compustat companies. The model classes a score above minus 1.78 with the first group. An index whose inputs are not reported counts as 1.

Dechow F-score

fiscal 2026

The probability of a material misstatement in the accounts, estimated from accruals, receivables, stock, cash sales, profitability and new financing, against the average. A score of 1 means average risk and 2 means twice the average.

A score of 0.78 means a probability of a misstatement 0.78 times the average rate in the Dechow sample: 0.29% against 0.37%.

Part	Value	Coefficient	Contribution
Intercept			−7.893
Total accruals (Richardson, Sloan, Soliman and Tuna)Total accruals: the growth of operating and financial assets net of liabilities, against average assets.	−0.016	0.790	−0.012
Change in receivables / average total assetsThe growth of receivables against average assets.	0.008	2.518	0.021
Change in inventories / average total assetsThe growth of stock against average assets.	−0.001	1.191	−0.002
Assets other than cash and property, plant and equipment / total assetsAssets other than cash and property, plant and equipment, as a share of total assets: assets whose value depends more on judgement.	0.499	1.979	0.987
Change in cash salesThe growth of sales collected in cash.	0.155	0.171	0.027
Change in return on assetsThe change in return on assets against a year earlier. A fall raises the score.	−0.001	−0.932	0.001
Debt or equity issued in the year, 1 or 01 when the company issued shares or debt in the year.	1.000	1.029	1.029
Predicted value			−5.842
Probability of a misstatement			0.29%

Model 1 of Dechow, Ge, Larson and Sloan (2011), estimated on misstatements named in SEC Accounting and Auditing Enforcement Releases. The score is the predicted probability of a misstatement over 0.37%, the unconditional probability in their sample, so 1.00 equals that base rate.

Piotroski F-score

fiscal 2026

A count of 9 yes or no tests on profitability, cash flow, debt, liquidity, new shares, margins and the use of assets. A score of 7 to 9 indicates improving strength and 0 to 3 indicates weakness.

5 of the 9 tests are met, in the middle group of 4 to 6.

Signal	FY2026	FY2025
Return on assets above zero	Met	Met
Operating cash flow above zero	Met	Met
Return on assets higher than a year earlier	Met	Met
Operating cash flow above net income	Met	Met
Long-term debt to assets lower than a year earlier	Not met	Met
Current ratio higher than a year earlier	Met	Met
No common equity issued	Not met	Not met
Margin higher than a year earlier	Not met	Met
Asset turnover higher than a year earlier	Not met	Met

Piotroski (2000), 9 signals on profitability, funding and operating efficiency, designed for companies with high book-to-market ratios. Piotroski grouped scores of 8 and 9 as high and 0 and 1 as low; the findings group 7 to 9 and 0 to 3.

Source Documents

Documents of this snapshot, latest first.

Document	Date	Id
Form 10-Q, period ended 31 August 2026	11 Sep 2026	10-Q:0001193125-26-389274
Form 10-K, period ended 31 May 2026	22 Jun 2026	10-K:0001193125-26-277521
Form 10-Q, period ended 28 February 2026	11 Mar 2026	10-Q:0001193125-26-101045
Form 10-Q, period ended 30 November 2025	11 Dec 2025	10-Q:0001193125-25-315925
Form 10-Q, period ended 31 August 2025	10 Sep 2025	10-Q:0001193125-25-200095
Form 10-K, period ended 31 May 2025	18 Jun 2025	10-K:0000950170-25-087926
Form 10-Q, period ended 28 February 2025	11 Mar 2025	10-Q:0000950170-25-037143
Form 10-Q, period ended 30 November 2024	10 Dec 2024	10-Q:0000950170-24-134973
Form 10-Q, period ended 31 August 2024	10 Sep 2024	10-Q:0000950170-24-104905
Form 10-K, period ended 31 May 2024	20 Jun 2024	10-K:0000950170-24-075605
Form 10-Q, period ended 29 February 2024	12 Mar 2024	10-Q:0000950170-24-029904
Form 10-Q, period ended 30 November 2023	12 Dec 2023	10-Q:0000950170-23-069682
Form 10-Q, period ended 31 August 2023	12 Sep 2023	10-Q:0000950170-23-047713
Form 10-K, period ended 31 May 2023	20 Jun 2023	10-K:0000950170-23-028914
Form 10-Q, period ended 28 February 2023	10 Mar 2023	10-Q:0001564590-23-003413
Form 10-Q, period ended 30 November 2022	13 Dec 2022	10-Q:0001564590-22-039278
Form 10-Q, period ended 31 August 2022	13 Sep 2022	10-Q:0001564590-22-031545
Form 10-K, period ended 31 May 2022	21 Jun 2022	10-K:0001564590-22-023675
Form 8-K, period ended 8 June 2022	8 Jun 2022	8-K:0001193125-22-169835
Form 10-Q, period ended 28 February 2022	11 Mar 2022	10-Q:0001564590-22-009859
Form 10-Q, period ended 30 November 2021	10 Dec 2021	10-Q:0001564590-21-060022
Form 10-Q, period ended 31 August 2021	13 Sep 2021	10-Q:0001564590-21-047772
Form 10-K, period ended 31 May 2021	21 Jun 2021	10-K:0001564590-21-033616
Form 10-Q, period ended 28 February 2021	11 Mar 2021	10-Q:0001564590-21-012539
Form 10-Q, period ended 30 November 2020	11 Dec 2020	10-Q:0001564590-20-056896
Form 10-Q, period ended 31 August 2020	15 Sep 2020	10-Q:0001564590-20-043448

Checks

258255 of 258 checks passed, 3 warnings

Fiscal calendar66 passedFiscal years last 350 to 380 days, quarters 80 to 125 days, and each period starts on the day after the one before. Checked at error level.

Quarters and fiscal year128 of 129 passedThe 4 quarters of every item add up to its fiscal year, or a later filing restated the year. Checked at error level; a difference that a later report explains is a warning, which does not stop publication.

Proceeds from issuance of common stock, FY2026: $279m against $1,449m

Figures of another period0 of 2 passedA quarterly figure that equals the figure of a longer period is left out. Checked at warning level.

Revenue, Q4 FY2021: $40,479m

Revenue, Q4 FY2022: $42,440m

Filer identity1 passedThe documents are those of the company of this page. Checked at error level.

Balance sheet identity25 passedTotal assets equal total liabilities and equity at each balance sheet date. Checked at error level.

Lease liabilities8 passedLease payments due, less imputed interest, equal the lease liabilities. Checked at warning level.

Debt maturities6 passedThe debt maturity schedule adds up to the long-term debt. Checked at warning level.

Quarters and 9 months15 passedThe 3 reported quarters of a fiscal year add up to the reported 9-month figure. Checked at error level.

Earnings per share6 passedNet income divided by average shares agrees with reported basic earnings per share. Checked at warning level.

Data Quality

How many values of this snapshot the checks prove, and how many Annalist derives, withholds and tracks as restated. Every company.

Values published	1,416
Proven by a check	48.7%, 690 values
Confirmed by a second document	0.0%, 0 values
Derived from reported figures	21.0%, 298 values
Values withheld	0
Restated figures tracked	8
Changes compared on one basis	0
Company lines mapped	1 of 1 reviewed

Citation

Annalist, Oracle Corporation, snapshot oracle/FY2027Q1_fc89ae87 (as of FY2027 Q1); <item label>, <period>; source <document id> (<document url>)

Snapshot FY2027Q1_fc89ae87 · dataset SHA-256 fc89ae8768faf3e74cecf26ea3df59261be24ec49c60539b06914b52ca6cdd02 · findings rules 0.4

Data: info.json · dataset.json · validation.json · documents.json