v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2025
May 31, 2024
May 31, 2023
Revenues:      
Cloud services and license support $ 44,029 $ 39,383 $ 35,307
Cloud license and on-premise license 5,201 5,081 5,779
Hardware 2,936 3,066 3,274
Services 5,233 5,431 5,594
Total revenues 57,399 52,961 49,954
Operating expenses:      
Cloud services and license support [1] 11,569 9,427 7,763
Hardware [1] 782 891 1,040
Services [1] 4,576 4,825 4,761
Sales and marketing [1] 8,651 8,274 8,833
Research and development 9,860 8,915 8,623
General and administrative 1,602 1,548 1,579
Amortization of intangible assets 2,307 3,010 3,582
Acquisition related and other 75 314 190
Restructuring 299 404 490
Total operating expenses 39,721 37,608 36,861
Operating income 17,678 15,353 13,093
Interest expense (3,578) (3,514) (3,505)
Non-operating income (expenses), net 60 (98) (462)
Income before income taxes 14,160 11,741 9,126
Provision for income taxes 1,717 1,274 623
Net income $ 12,443 $ 10,467 $ 8,503
Earnings per share:      
Basic $ 4.46 $ 3.82 $ 3.15
Diluted $ 4.34 $ 3.71 $ 3.07
Weighted average common shares outstanding:      
Basic 2,789 2,744 2,696
Diluted 2,866 2,823 2,766
[1] Exclusive of amortization of intangible assets, which is shown separately.