Oracle (ORCL) Operating Margin (2009 - 2026)
Oracle (ORCL) posted Operating Margin of 31.97% for Q2 2026, up 0.58% on a QoQ basis from 31.79% in Q1 2026, and down 16.0% year-over-year from 38.06% in Q2 2025.
Oracle (ORCL) Operating Margin (2009 - 2026) Analysis & Trends
Oracle (ORCL) has reported Operating Margin for 18 consecutive years, with 31.97% the latest figure, recorded in Q2 2026.
- Operating Margin for Q2 2026 came in at 31.97%, down 16.0% year-over-year; the trailing twelve-month figure through May 2026 was 30.59% (down 21.0% YoY), and the FY2026 annual result was 30.59%, down 21.0% from the prior year.
- Operating Margin was 31.97% for Q2 2026 at Oracle, up from 31.79% in the prior quarter.
- Over five years, Operating Margin peaked at 38.02% in Q2 2022 and troughed at 57.4% in Q2 2024.
- A 5-year average of 20.44% and a median of 29.06% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2023 — Operating Margin slumped 8888 bps — and 2025, when it jumped 8953 bps.
- Year by year, Operating Margin stood at 25.02% in 2022, then increased by 12 bps to 27.99% in 2023, then climbed by 7 bps to 30.02% in 2024, then decreased by 2 bps to 29.46% in 2025, then gained by 9 bps to 31.97% in 2026.
- Per Business Quant, the three latest ORCL Operating Margin figures stand at 31.97% (Q2 2026), 31.79% (Q1 2026), and 29.46% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 46.33% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 31.97% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 46.18% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 15.30% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 1.06% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 31.36% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | -9.69% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 8.43% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | -2.84% |
| 10 | CoreWeave | 45.15 Bn | 42.89 Bn | 2.01 Bn | -6.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 31.97% |
| Feb 28, 2026 | 31.79% |
| Nov 30, 2025 | 29.46% |
| Aug 31, 2025 | 28.65% |
| May 31, 2025 | 32.13% |
| Feb 28, 2025 | 30.84% |
| Nov 30, 2024 | 30.02% |
| Aug 31, 2024 | 29.99% |
| May 31, 2024 | -57.40% |
| Feb 29, 2024 | 28.24% |
| Nov 30, 2023 | 27.99% |
| Aug 31, 2023 | 26.47% |
| May 31, 2023 | -50.85% |
| Feb 28, 2023 | 26.29% |
| Nov 30, 2022 | 25.02% |
| Aug 31, 2022 | 22.92% |
| May 31, 2022 | 38.02% |
| Feb 28, 2022 | 36.35% |
| Nov 30, 2021 | -7.95% |
| Aug 31, 2021 | 35.23% |