v3.25.2
EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
May 31, 2025
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Restricted Stock Based Award Activity

 

 

Restricted Stock-Based Awards Outstanding

 

(in millions, except fair value)

 

Number of
Shares

 

 

Weighted-Average
Grant Date Fair Value

 

Balance, May 31, 2022

 

 

128

 

 

$

68.34

 

Granted

 

 

76

 

 

$

66.67

 

Assumed

 

 

5

 

 

$

69.02

 

Vested and issued

 

 

(46

)

 

$

62.97

 

Canceled

 

 

(11

)

 

$

69.25

 

Balance, May 31, 2023

 

 

152

 

 

$

69.09

 

Granted

 

 

47

 

 

$

110.26

 

Vested and issued

 

 

(53

)

 

$

66.97

 

Canceled

 

 

(8

)

 

$

77.52

 

Balance, May 31, 2024

 

 

138

 

 

$

83.43

 

Granted

 

 

38

 

 

$

159.11

 

Vested and issued

 

 

(52

)

 

$

78.30

 

Canceled

 

 

(7

)

 

$

99.44

 

Balance, May 31, 2025

 

 

117

 

 

$

108.91

 
Summary of Stock Option Activity

 

 

Options Outstanding

 

(in millions, except exercise price)

 

Shares Under
Stock Option

 

 

Weighted-Average
Exercise Price

 

Balance, May 31, 2022

 

 

97

 

 

$

40.70

 

Granted and assumed

 

 

—

 

 

$

—

 

Exercised

 

 

(33

)

 

$

31.37

 

Balance, May 31, 2023

 

 

64

 

 

$

45.42

 

Granted and assumed

 

 

2

 

 

$

113.91

 

Exercised

 

 

(15

)

 

$

34.84

 

Balance, May 31, 2024

 

 

51

 

 

$

51.05

 

Granted

 

 

—

 

 

$

—

 

Exercised

 

 

(10

)

 

$

44.84

 

Balance, May 31, 2025

 

 

41

 

 

$

52.58

 

 

 

 

Outstanding
Stock Options
(in millions)

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining Contract Term
(in years)

 

 

Aggregate
Intrinsic Value(1) 
(in millions)

 

Vested

 

 

19

 

 

$

48.46

 

 

 

0.86

 

 

$

2,230

 

Expected to vest(2)

 

 

11

 

 

$

57.10

 

 

 

0.91

 

 

 

1,198

 

Total

 

 

30

 

 

$

51.63

 

 

 

0.88

 

 

$

3,428

 

 

(1)
The aggregate intrinsic value was calculated based on the gross difference between our closing stock price on the last trading day of fiscal 2025 of $165.53 and the exercise prices for all “in-the-money” options outstanding, excluding tax effects.
(2)
The unrecognized compensation expense calculated under the fair value method for shares expected to vest as of May 31, 2025 was approximately $24 million and is expected to be recognized over a weighted-average period of 4.83 years. Approximately 11 million shares outstanding as of May 31, 2025 were not expected to vest.
Stock-Based Compensation Expense

 

 

Year Ended May 31,

 

(in millions)

 

2025

 

 

2024

 

 

2023

 

Cloud services and license support

 

$

609

 

 

$

525

 

 

$

435

 

Hardware

 

 

29

 

 

 

23

 

 

 

18

 

Services

 

 

202

 

 

 

167

 

 

 

137

 

Sales and marketing

 

 

757

 

 

 

667

 

 

 

611

 

Research and development

 

 

2,638

 

 

 

2,225

 

 

 

1,983

 

General and administrative

 

 

439

 

 

 

367

 

 

 

363

 

Total stock-based compensation

 

$

4,674

 

 

$

3,974

 

 

$

3,547

 

Estimated income tax benefit included in provision for income taxes

 

 

(1,050

)

 

 

(913

)

 

 

(802

)

Total stock-based compensation, net of estimated income tax benefit

 

$

3,624

 

 

$

3,061

 

 

$

2,745