SEGMENT INFORMATION (Tables)
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12 Months Ended |
May 31, 2025 |
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| Segment Reporting [Abstract] |
|
| Summary of Businesses Results |
The following table presents summary results for each of our three businesses for each of fiscal 2025, 2024 and 2023:
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Year Ended May 31, |
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(in millions) |
|
2025 |
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|
2024 |
|
|
2023 |
|
Cloud and license: |
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|
|
|
|
|
|
|
|
Revenues |
|
$ |
49,230 |
|
|
$ |
44,464 |
|
|
$ |
41,086 |
|
Cloud services and license support expenses |
|
|
10,827 |
|
|
|
8,783 |
|
|
|
7,222 |
|
Sales and marketing expenses |
|
|
7,473 |
|
|
|
7,167 |
|
|
|
7,738 |
|
Margin(1) |
|
$ |
30,930 |
|
|
$ |
28,514 |
|
|
$ |
26,126 |
|
Hardware: |
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|
|
|
|
|
|
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Revenues |
|
$ |
2,936 |
|
|
$ |
3,066 |
|
|
$ |
3,274 |
|
Hardware products and support expenses |
|
|
742 |
|
|
|
855 |
|
|
|
1,011 |
|
Sales and marketing expenses |
|
|
276 |
|
|
|
296 |
|
|
|
331 |
|
Margin(1) |
|
$ |
1,918 |
|
|
$ |
1,915 |
|
|
$ |
1,932 |
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Services: |
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|
|
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|
|
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Revenues |
|
$ |
5,233 |
|
|
$ |
5,431 |
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|
$ |
5,594 |
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Services expenses |
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|
4,240 |
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|
|
4,515 |
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|
|
4,490 |
|
Margin(1) |
|
$ |
993 |
|
|
$ |
916 |
|
|
$ |
1,104 |
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Totals: |
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|
|
|
|
|
|
|
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Revenues |
|
$ |
57,399 |
|
|
$ |
52,961 |
|
|
$ |
49,954 |
|
Expenses |
|
|
23,558 |
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|
|
21,616 |
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|
|
20,792 |
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Margin(1) |
|
$ |
33,841 |
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|
$ |
31,345 |
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|
$ |
29,162 |
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(1)The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of research and development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other non-operating income (expenses), net. Refer to the table below for a reconciliation of our total margin for operating segments to our income before income taxes as reported per our consolidated statements of operations. |
| Reconciliation of Total Margin for Operating Segment to Income before Income Taxes |
The following table reconciles total margin for operating segments to income before income taxes:
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Year Ended May 31, |
|
(in millions) |
|
2025 |
|
|
2024 |
|
|
2023 |
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Total margin for operating segments |
|
$ |
33,841 |
|
|
$ |
31,345 |
|
|
$ |
29,162 |
|
Research and development |
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|
(9,860 |
) |
|
|
(8,915 |
) |
|
|
(8,623 |
) |
General and administrative |
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|
(1,602 |
) |
|
|
(1,548 |
) |
|
|
(1,579 |
) |
Amortization of intangible assets |
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|
(2,307 |
) |
|
|
(3,010 |
) |
|
|
(3,582 |
) |
Acquisition related and other |
|
|
(75 |
) |
|
|
(314 |
) |
|
|
(190 |
) |
Restructuring |
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|
(299 |
) |
|
|
(404 |
) |
|
|
(490 |
) |
Stock-based compensation for operating segments |
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|
(1,597 |
) |
|
|
(1,382 |
) |
|
|
(1,201 |
) |
Expense allocations and other, net |
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|
(423 |
) |
|
|
(419 |
) |
|
|
(404 |
) |
Interest expense |
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(3,578 |
) |
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|
(3,514 |
) |
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|
(3,505 |
) |
Non-operating income (expenses), net |
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|
60 |
|
|
|
(98 |
) |
|
|
(462 |
) |
Income before income taxes |
|
$ |
14,160 |
|
|
$ |
11,741 |
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|
$ |
9,126 |
|
|
| Disaggregation of Revenue by Geography and Ecosystem |
The following table is a summary of our total revenues by geographic region:
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Year Ended May 31, |
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(in millions) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
Americas |
|
$ |
36,339 |
|
|
$ |
33,122 |
|
|
$ |
31,226 |
|
EMEA(1) |
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|
14,025 |
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|
|
13,030 |
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|
|
12,109 |
|
Asia Pacific |
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|
7,035 |
|
|
|
6,809 |
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|
|
6,619 |
|
Total revenues |
|
$ |
57,399 |
|
|
$ |
52,961 |
|
|
$ |
49,954 |
|
(1)Comprised of Europe, the Middle East and Africa
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Year Ended May 31, |
|
(in millions) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
Cloud services |
|
$ |
24,506 |
|
|
$ |
19,774 |
|
|
$ |
15,881 |
|
License support |
|
|
19,523 |
|
|
|
19,609 |
|
|
|
19,426 |
|
Total cloud services and license support revenues |
|
$ |
44,029 |
|
|
$ |
39,383 |
|
|
$ |
35,307 |
|
The following table presents our cloud services and license support revenues by applications and infrastructure ecosystems
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Year Ended May 31, |
|
(in millions) |
|
2025 |
|
|
2024 |
|
|
2023 |
|
Applications cloud services and license support |
|
$ |
19,383 |
|
|
$ |
18,172 |
|
|
$ |
16,651 |
|
Infrastructure cloud services and license support |
|
|
24,646 |
|
|
|
21,211 |
|
|
|
18,656 |
|
Total cloud services and license support revenues |
|
$ |
44,029 |
|
|
$ |
39,383 |
|
|
$ |
35,307 |
|
|
| Geographic Information |
Disclosed in the table below is geographic information for each country that comprised greater than three percent of our total revenues for any of fiscal 2025, 2024 or 2023:
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As of and for the Year Ended May 31, |
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2025 |
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|
2024 |
|
|
2023 |
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(in millions) |
|
Revenues |
|
|
Long-Lived
Assets(1) |
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|
Revenues |
|
|
Long-Lived
Assets(1) |
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|
Revenues |
|
|
Long-Lived
Assets(1) |
|
U.S. |
|
$ |
32,075 |
|
|
$ |
45,439 |
|
|
$ |
29,055 |
|
|
$ |
24,798 |
|
|
$ |
27,535 |
|
|
$ |
19,322 |
|
United Kingdom |
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|
2,594 |
|
|
|
2,530 |
|
|
|
2,423 |
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|
|
1,164 |
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|
|
2,159 |
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|
|
905 |
|
Germany |
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|
1,817 |
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|
2,013 |
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|
1,794 |
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|
|
1,192 |
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|
|
1,755 |
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|
|
940 |
|
Japan |
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|
1,759 |
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|
|
2,320 |
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|
|
1,662 |
|
|
|
1,144 |
|
|
|
1,681 |
|
|
|
770 |
|
Other countries |
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|
19,154 |
|
|
|
7,841 |
|
|
|
18,027 |
|
|
|
3,962 |
|
|
|
16,824 |
|
|
|
3,626 |
|
Total |
|
$ |
57,399 |
|
|
$ |
60,143 |
|
|
$ |
52,961 |
|
|
$ |
32,260 |
|
|
$ |
49,954 |
|
|
$ |
25,563 |
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(1)Long-lived assets exclude goodwill, intangible assets, non-marketable investments and deferred taxes, which are not allocated to specific geographic locations as it is impracticable to do so.
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