Oracle Q4 and Fiscal Year 2025: Cloud Acceleration Powers New Growth Era

Cloud Takes Center Stage in Oracle’s Growth Story

Oracle, a global leader in enterprise software and cloud infrastructure, reported its fiscal fourth quarter and full-year 2025 results, highlighting robust expansion in its cloud businesses. In a rapidly digitalizing global market, Oracle’s transition toward cloud solutions—both SaaS and IaaS—continues to drive revenue, profitability, and expectations for the year ahead.

Key Financial Results – Q4 2025

In the fourth quarter of fiscal 2025, Oracle posted total revenue of $15.9 billion, an 11% increase year over year. GAAP net income for the quarter reached $3.4 billion, with GAAP earnings per share (EPS) of $1.19. On a non-GAAP basis, net income was $4.9 billion, or $1.70 per share.
Cloud (IaaS + SaaS) remains the main growth engine, generating $6.7 billion in quarterly revenue, up 27% from last year. Cloud Infrastructure (IaaS) revenue surged 52% to $3.0 billion, while Cloud Applications (SaaS) grew 12% to $3.7 billion. Fusion Cloud ERP revenue rose 22% to $1.0 billion, and NetSuite Cloud ERP revenue advanced 18%, also reaching $1.0 billion.

A key indicator, Remaining Performance Obligations (RPO), soared 41% to $138 billion, underlining Oracle’s strong forward revenue visibility and order backlog.

Full-Year Results: Cloud Drives Annual Records

For fiscal year 2025, Oracle reported total revenue of $57.4 billion, up 8% year over year. Cloud services and license support brought in $44.0 billion (up 12%), and cloud license and on-premises license revenue reached $5.2 billion (up 2%).
GAAP operating income was $17.7 billion; non-GAAP operating income was $25.0 billion. GAAP net income totaled $12.4 billion, with non-GAAP net income at $17.3 billion. GAAP EPS for the year stood at $4.34, while non-GAAP EPS was $6.03.

Operating cash flow reached $20.8 billion—up 12% from the prior year—highlighting Oracle’s strong financial position, which included $10.8 billion in cash and equivalents at year end.

Business Highlights and Growth Drivers

Oracle’s standout performance in cloud infrastructure—particularly IaaS—remains the most significant growth driver. IaaS revenue jumped 52% in Q4, and total cloud revenue expanded 27%. The company’s strategic focus on cloud is yielding clear results as it continues to take share from competitors like AWS, Azure, and Google Cloud.

The quarter also saw a 115% surge in MultiCloud database revenue (in collaboration with Amazon, Google, and Azure), as well as ongoing expansion of Oracle’s MultiCloud datacenter footprint (23 centers live, with 47 more under construction). Oracle Cloud@Customer revenue grew 104% year over year, and total Oracle Cloud Infrastructure (OCI) consumption revenue rose 62% in Q4. Management expects OCI consumption to accelerate further in FY26.

Hardware and services now account for a smaller share of revenue (roughly 5-9%), while Oracle continues to prioritize innovation in cloud services, AI, security, and enterprise data management.

Management Outlook and Forward Guidance

CEO Safra Catz described FY25 as “a very good year,” expressing even greater optimism for FY26:
“We expect our total cloud growth rate—applications plus infrastructure—will increase from 24% in FY25 to over 40% in FY26. Cloud Infrastructure growth rate is expected to increase from 50% in FY25 to over 70% in FY26. And RPO is likely to grow more than 100% in FY26.”

Chairman and CTO Larry Ellison highlighted the momentum in MultiCloud and OCI:
“We expect triple-digit MultiCloud revenue growth to continue in FY26… OCI revenue growth rates are skyrocketing—so is demand.”

Shareholder Actions and Notable Events

The Board of Directors declared a quarterly cash dividend of $0.50 per share, payable in late July 2025. This move reflects Oracle’s strong cash generation and commitment to returning capital to shareholders.

Summary

Oracle’s Q4 and FY25 earnings underscore the company’s successful transformation into a cloud powerhouse. Double-digit growth in cloud revenues, record-setting order backlog, and strong profitability signal Oracle’s ascent as a top-tier global cloud provider. With an ambitious outlook for FY26, expanding datacenter footprint, and a robust dividend policy, Oracle is positioned for continued leadership in the enterprise cloud era.