SEGMENT INFORMATION (Tables)
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12 Months Ended |
May 31, 2026 |
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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 2026, 2025 and 2024:
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Year Ended May 31, |
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(in millions) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Cloud and software: |
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|
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|
|
|
|
Revenues |
|
$ |
58,530 |
|
|
$ |
49,230 |
|
|
$ |
44,464 |
|
Cloud and software expenses |
|
|
16,850 |
|
|
|
10,827 |
|
|
|
8,783 |
|
Sales and marketing expenses |
|
|
7,212 |
|
|
|
7,473 |
|
|
|
7,167 |
|
Margin(1) |
|
$ |
34,468 |
|
|
$ |
30,930 |
|
|
$ |
28,514 |
|
Hardware: |
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|
|
|
|
|
|
|
Revenues |
|
$ |
3,084 |
|
|
$ |
2,936 |
|
|
$ |
3,066 |
|
Hardware expenses |
|
|
832 |
|
|
|
742 |
|
|
|
855 |
|
Sales and marketing expenses |
|
|
235 |
|
|
|
276 |
|
|
|
296 |
|
Margin(1) |
|
$ |
2,017 |
|
|
$ |
1,918 |
|
|
$ |
1,915 |
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Services: |
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|
|
|
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|
|
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Revenues |
|
$ |
5,743 |
|
|
$ |
5,233 |
|
|
$ |
5,431 |
|
Expenses |
|
|
4,210 |
|
|
|
4,240 |
|
|
|
4,515 |
|
Margin(1) |
|
$ |
1,533 |
|
|
$ |
993 |
|
|
$ |
916 |
|
Totals: |
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|
|
|
|
|
|
|
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Revenues |
|
$ |
67,357 |
|
|
$ |
57,399 |
|
|
$ |
52,961 |
|
Expenses |
|
|
29,339 |
|
|
|
23,558 |
|
|
|
21,616 |
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Margin(1) |
|
$ |
38,018 |
|
|
$ |
33,841 |
|
|
$ |
31,345 |
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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, restructuring and other 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) |
|
2026 |
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|
2025 |
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|
2024 |
|
Total margin for operating segments |
|
$ |
38,018 |
|
|
$ |
33,841 |
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|
$ |
31,345 |
|
Research and development |
|
|
(10,272 |
) |
|
|
(9,860 |
) |
|
|
(8,915 |
) |
General and administrative |
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|
(1,618 |
) |
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|
(1,602 |
) |
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|
(1,548 |
) |
Amortization of intangible assets |
|
|
(1,671 |
) |
|
|
(2,307 |
) |
|
|
(3,010 |
) |
Restructuring and other |
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|
(1,838 |
) |
|
|
(374 |
) |
|
|
(718 |
) |
Stock-based compensation for operating segments |
|
|
(1,618 |
) |
|
|
(1,597 |
) |
|
|
(1,382 |
) |
Expense allocations and other, net |
|
|
(395 |
) |
|
|
(423 |
) |
|
|
(419 |
) |
Interest expense |
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|
(4,599 |
) |
|
|
(3,578 |
) |
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|
(3,514 |
) |
Non-operating income (expenses), net |
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|
3,547 |
|
|
|
60 |
|
|
|
(98 |
) |
Income before income taxes |
|
$ |
19,554 |
|
|
$ |
14,160 |
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|
$ |
11,741 |
|
|
| Disaggregation of Revenue by Geography |
The following table presents a summary of our total revenues by geographic region, which are generally based on the location of our customers:
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Year Ended May 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Americas |
|
$ |
44,478 |
|
|
$ |
36,339 |
|
|
$ |
33,122 |
|
EMEA(1) |
|
|
15,297 |
|
|
|
14,025 |
|
|
|
13,030 |
|
Asia Pacific |
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|
7,582 |
|
|
|
7,035 |
|
|
|
6,809 |
|
Total revenues |
|
$ |
67,357 |
|
|
$ |
57,399 |
|
|
$ |
52,961 |
|
(1)Comprises Europe, the Middle East and Africa The following table presents our software revenues by offerings:
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Year Ended May 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
|
|
2024 |
|
Software license |
|
$ |
4,737 |
|
|
$ |
5,201 |
|
|
$ |
5,081 |
|
Software support |
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|
19,804 |
|
|
|
19,523 |
|
|
|
19,609 |
|
Total software revenues |
|
$ |
24,541 |
|
|
$ |
24,724 |
|
|
$ |
24,690 |
|
The following table presents our cloud revenues by offerings:
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Year Ended May 31, |
|
(in millions) |
|
2026 |
|
|
2025 |
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|
2024 |
|
Cloud applications |
|
$ |
15,888 |
|
|
$ |
14,272 |
|
|
$ |
12,934 |
|
Cloud infrastructure |
|
|
18,101 |
|
|
|
10,234 |
|
|
|
6,840 |
|
Total cloud revenues |
|
$ |
33,989 |
|
|
$ |
24,506 |
|
|
$ |
19,774 |
|
|
| 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 2026, 2025 or 2024:
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As of and for the Year Ended May 31, |
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2026 |
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2025 |
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|
2024 |
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(in millions) |
|
Revenues |
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|
Long-Lived
Assets(1) |
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|
Revenues |
|
|
Long-Lived
Assets(1) |
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|
Revenues |
|
|
Long-Lived
Assets(1) |
|
U.S. |
|
$ |
39,835 |
|
|
$ |
102,717 |
|
|
$ |
32,075 |
|
|
$ |
45,439 |
|
|
$ |
29,055 |
|
|
$ |
24,798 |
|
United Kingdom |
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|
2,816 |
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|
|
3,903 |
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|
|
2,594 |
|
|
|
2,530 |
|
|
|
2,423 |
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|
|
1,164 |
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Germany |
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|
1,993 |
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|
|
2,432 |
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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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Japan |
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|
1,870 |
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|
|
3,183 |
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|
|
1,759 |
|
|
|
2,320 |
|
|
|
1,662 |
|
|
|
1,144 |
|
Other countries |
|
|
20,843 |
|
|
|
21,029 |
|
|
|
19,154 |
|
|
|
7,841 |
|
|
|
18,027 |
|
|
|
3,962 |
|
Total |
|
$ |
67,357 |
|
|
$ |
133,264 |
|
|
$ |
57,399 |
|
|
$ |
60,143 |
|
|
$ |
52,961 |
|
|
$ |
32,260 |
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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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