Oracle stock holds firm as cloud and AI demand build

Oracle stock (US68389X1054) is supported by a fiscal 2025 picture that includes $57.4 billion in revenue, non-GAAP operating margin of 44%, and remaining performance obligations of $130 billion. The company also reported $4.4 billion in fourth-quarter revenue on 7 June 2026, according to Oracle investor materials, which keeps the focus on cloud demand and long-dated contract visibility.

Revenue at $57.4 billion

Oracle said fiscal 2025 revenue reached $57.4 billion, up from $53.0 billion in fiscal 2024, a year-over-year increase of 8.3%. The same annual update showed non-GAAP operating income of $25.3 billion, compared with $22.8 billion a year earlier, which lifted the margin to 44% from 43%.

That margin progression matters because it shows Oracle is converting a larger share of sales into operating profit while it expands cloud infrastructure spending. The company also reported free cash flow of $11.8 billion in fiscal 2025, versus $10.3 billion in fiscal 2024, a gain of 14.6%.

Contracts climb to $130 billion

Oracle said remaining performance obligations rose to $130 billion at the end of fiscal 2025, compared with $99 billion a year earlier, a jump of 31.3%. The figure matters for investors because it gives a visible base of contracted business that can support future revenue recognition.

Fourth-quarter fiscal 2025 revenue of $4.4 billion also showed continued execution, with cloud revenue contributing the bulk of growth. Oracle reported total cloud revenue of $26.8 billion in fiscal 2025, up from $20.2 billion in fiscal 2024, which is a 32.7% increase.

Cloud revenue grows 32.7%

Oracle Cloud Infrastructure and related cloud services remain the core business story inside the broader software group. Fiscal 2025 cloud revenue of $26.8 billion was higher by $6.6 billion from the prior year, and that rise was larger than the companywide revenue increase of $4.4 billion.

For investors, the gap between cloud growth and groupwide growth is the key signal. It shows the cloud mix is still expanding faster than the legacy base, while the company also kept annual free cash flow above $11 billion.

Database strength still matters

Oracle Database remains the most important non-cloud product line because it anchors customer relationships and supports cross-selling into cloud and application services. The company has used that installed base to deepen contract value, and the $130 billion backlog at fiscal 2025 year-end indicates how large the pipeline has become.

The combination of a 44% non-GAAP operating margin, $11.8 billion in free cash flow, and 31.3% growth in remaining performance obligations gives the stock a financial base that is more visible than a simple software growth story. That is why the next reporting period will be judged less on headlines and more on conversion from backlog into revenue.

Shares and valuation base

Oracle shares trade on the NYSE under the ticker ORCL. The company is a member of the S&P 500 and remains one of the most closely watched large-cap enterprise software names in the US market.

Cloud revenue and backlog

Oracle Cloud Infrastructure and the broader cloud portfolio are the clearest product drivers behind the current financial setup. Fiscal 2025 cloud revenue of $26.8 billion, total revenue of $57.4 billion, and remaining performance obligations of $130 billion together describe a company that is still growing into a much larger recurring base.

Oracle shares on NYSE

Oracle shares are listed on the NYSE under ORCL. In the absence of a live dated quote in this article, the freshest market anchor is the fiscal 2025 backdrop, especially revenue of $57.4 billion and remaining performance obligations of $130 billion.