Oracle (ORCL) Cash Flow: Operating & Free Cash Flow

Oracle Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Oracle Corporation (ORCL) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Operating Activities
Net Income	17.09	12.44	10.47	8.50	6.72	13.75	10.14	11.08	3.59	9.34
Depreciation & Amortization	9.29	6.17	6.14	6.11	3.12	2.92	2.97	2.92	2.79	2.45
Deferred Income Tax	-0.92	-1.64	-2.14	-2.17	-1.15	-2.43	-0.85	-1.19	-0.85	-0.49
Stock Based Compensation	4.81	4.67	3.97	3.55	2.61	1.84	1.59	1.65	1.61	1.35
Change in Working Capital	4.14	-1.50	-0.49	0.51	-1.99	-0.15	-0.94	-0.07	8.14	0.74
Change in Accounts Receivable	-2.19	-0.65	-0.97	-0.15	-0.87	0.33	-0.45	-0.08	0.27	0.15
Change in Inventory	0.00	0.00	0.00	0.00	0.00	-0.86	0.22	0.00	0.00	-0.09
Change in Accounts Payable	-0.50	-0.61	-0.72	-0.28	-0.73	-0.02	-0.50	-0.10	-0.26	-0.04
Change in Other Working Capital	-2.43	0.27	0.72	0.95	0.01	0.62	-0.22	0.11	8.13	0.72
Other Operating Activities	-2.43	-0.97	0.72	0.66	-0.93	-2.46	0.24	0.16	0.12	0.74
Net Cash from Operating Activities	31.98	20.82	18.67	17.17	9.54	15.89	13.14	14.55	15.39	14.13
Investing Activities
Capital Expenditures	-55.66	-21.22	-6.87	-8.70	-4.51	-2.14	-1.56	-1.66	-1.74	-2.02
Acquisitions	0.00	0.00	-0.06	-27.72	-0.15	-0.04	-0.12	-0.36	-1.72	-11.22
Purchases of Investments	-2.04	-1.27	-1.07	-1.18	-10.27	-37.98	-5.73	-1.40	-25.28	-25.87
Sales/Maturities of Investments	5.85	0.78	0.57	1.11	26.15	27.06	17.26	29.98	23.12	17.62
Net Cash from Investing Activities	-51.85	-21.71	-7.36	-36.48	11.22	-13.10	9.84	26.56	-5.63	-21.49
Financing Activities
Debt Repayment	-9.23	-15.84	-3.67	12.94	-8.25	-2.63	15.39	-4.50	2.64	13.64
Common Stock Issued	1.45	0.65	0.74	1.19	0.48	1.79	1.59	2.16	2.40	2.18
Common Stock Repurchased	-0.21	-1.50	-3.24	-2.50	-17.34	-21.60	-19.91	-36.64	-11.85	-3.84
Dividends Paid	-5.79	-4.74	-4.39	-3.67	-3.46	-3.06	-3.07	-2.93	-3.14	-2.63
Other Financing Activities	-0.34	-0.33	0.00	-0.06	-0.56	0.20	-0.13	-0.14	-0.03	-0.26
Net Cash from Financing Activities	40.28	1.10	-10.55	7.91	-29.13	-10.38	-6.13	-42.06	-9.98	9.09
Summary
Effect of Forex Changes on Cash	0.10	0.12	-0.07	-0.21	-0.35	0.45	-0.13	-0.16	0.06	-0.09
Net Change in Cash	20.50	0.33	0.69	-11.62	-8.72	-7.14	16.73	-1.11	-0.16	1.63
Cash at Beginning of Period	10.79	10.45	9.77	21.38	30.10	37.24	20.51	21.62	21.78	20.15
Cash at End of Period	31.29	10.79	10.45	9.77	21.38	30.10	37.24	20.51	21.62	21.78
Free Cash Flow	-23.69	-0.39	11.81	8.47	5.03	13.75	11.58	12.89	13.65	12.11
Supplemental Disclosures
Interest Paid	-	3.37	3.66	3.25	2.74	2.41	-	-	-	-
Income Taxes Paid	-	4.02	3.56	3.01	2.57	3.19	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Oracle Cash Flow

What is Oracle's free cash flow?

Oracle had negative free cash flow of $23.69B in fiscal 2026 (fiscal year ended May 31, 2026), operating cash flow of $31.98B minus $55.66B of capital expenditures.

How much does Oracle spend on capital expenditures?

Oracle spent $55.66B on capital expenditures in fiscal 2026, compared with $21.21B a year earlier. That equals 174.1% of operating cash flow.

Does Oracle pay dividends or buy back shares?

Yes. In fiscal 2026 Oracle returned $5.79B in dividends and $206.00M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition