Oracle
Oracle returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q1 | Aug 31, 2026 | — | 11.64% | — | 41.21% | 7.82% | — |
| FY 2026 Q4 | May 31, 2026 | 14.76% | 11.59% | 6.41% | 53.95% | 7.95% | 5.5 pp |
| FY 2026 Q3 | Feb 28, 2026 | — | 11.65% | — | 58.63% | 7.97% | — |
| FY 2026 Q2 | Nov 30, 2025 | — | 12.89% | — | 70.6% | 8.73% | — |
| FY 2026 Q1 | Aug 31, 2025 | — | 14.22% | — | 71.15% | 7.66% | — |
| FY 2025 Q4 | May 31, 2025 | 16.49% | 14.42% | 10.81% | 85.36% | 8.04% | 7.2 pp |
| FY 2025 Q3 | Feb 28, 2025 | — | 14.15% | — | 108.8% | 8.15% | — |
| FY 2025 Q2 | Nov 30, 2024 | — | 14.52% | — | 132.01% | 8.22% | — |
| FY 2025 Q1 | Aug 31, 2024 | — | 14.36% | — | 166.49% | 7.82% | — |
| FY 2024 Q4 | May 31, 2024 | 16.3% | 13.91% | 43.99% | 214.11% | 7.6% | 7 pp |
| FY 2024 Q3 | Feb 29, 2024 | — | 13.4% | — | 664.77% | 7.92% | — |
| FY 2024 Q2 | Nov 30, 2023 | — | 13.55% | — | — | 7.72% | — |
| FY 2024 Q1 | Aug 31, 2023 | — | 13.31% | — | — | 7.02% | — |
| FY 2023 Q4 | May 31, 2023 | 18.63% | 13.02% | 7.76% | — | 6.98% | 9.3 pp |
| FY 2023 Q3 | Feb 28, 2023 | — | 13.69% | — | — | 6.97% | — |
| FY 2023 Q2 | Nov 30, 2022 | — | 14.8% | — | — | 7.48% | — |
| FY 2023 Q1 | Aug 31, 2022 | — | 10.36% | — | — | 4.59% | — |
| FY 2022 Q4 | May 31, 2022 | 17.64% | 11.11% | — | — | 5.59% | 8.3 pp |
| FY 2022 Q3 | Feb 28, 2022 | — | 11.81% | — | 7,412.75% | 6.67% | — |
| FY 2022 Q2 | Nov 30, 2021 | — | 12.48% | — | — | 9.46% | — |
| FY 2022 Q1 | Aug 31, 2021 | — | 15.85% | — | 350.99% | 11.8% | — |
| FY 2021 Q4 | May 31, 2021 | — | 14.83% | — | 158.8% | 11.15% | — |
| FY 2021 Q3 | Feb 28, 2021 | — | 16.75% | — | 110.91% | 11.95% | — |
| FY 2021 Q2 | Nov 30, 2020 | — | 16.96% | — | 88.42% | 9.96% | — |
| FY 2021 Q1 | Aug 31, 2020 | — | 15.62% | — | 73.41% | 9.33% | — |
| FY 2020 Q4 | May 31, 2020 | 22.22% | 14.76% | — | 59.87% | 9.04% | 12.9 pp |
| FY 2020 Q3 | Feb 29, 2020 | — | 16.06% | — | 56.7% | 10.44% | — |
| FY 2020 Q2 | Nov 30, 2019 | — | 15.08% | — | 47.4% | 10.09% | — |
| FY 2020 Q1 | Aug 31, 2019 | — | 13.9% | — | 38.78% | 9.34% | — |
| FY 2019 Q4 | May 31, 2019 | 17.07% | 13.01% | — | 32.83% | 9.01% | 7.8 pp |
| FY 2019 Q3 | Feb 28, 2019 | — | 12.9% | — | 30.07% | 8.68% | — |
| FY 2019 Q2 | Nov 30, 2018 | — | 12.35% | — | 9.21% | 3.1% | — |
| FY 2019 Q1 | Aug 31, 2018 | — | 12.28% | — | 8.26% | 2.96% | — |
| FY 2018 Q4 | May 31, 2018 | 4.62% | 11.95% | — | 7.68% | 2.81% | -4.7 pp |
| FY 2018 Q3 | Feb 28, 2018 | — | 11.64% | — | 7.42% | 2.77% | — |
| FY 2018 Q2 | Nov 30, 2017 | — | 11.21% | — | 19.01% | 7.56% | — |
| FY 2018 Q1 | Aug 31, 2017 | — | 11.64% | — | 18.79% | 7.56% | — |
| FY 2017 Q4 | May 31, 2017 | 12.73% | 12.35% | 2.63% | 18.46% | 7.55% | 3.4 pp |
| FY 2017 Q3 | Feb 28, 2017 | — | 12.44% | — | 18.48% | 7.74% | — |
| FY 2017 Q2 | Nov 30, 2016 | — | 12.67% | — | 18.69% | 7.67% | — |
| FY 2017 Q1 | Aug 31, 2016 | — | 12.44% | — | 19.01% | 7.71% | — |
| FY 2016 Q4 | May 31, 2016 | 13.92% | 13.23% | -43.48% | 18.55% | 7.98% | 4.6 pp |
| FY 2016 Q3 | Feb 29, 2016 | — | 14.17% | — | 18.82% | 8.68% | — |
| FY 2016 Q2 | Nov 30, 2015 | — | 14.49% | — | 19.68% | 8.98% | — |
| FY 2016 Q1 | Aug 31, 2015 | — | 15.01% | — | 20.12% | 9.07% | — |
| FY 2015 Q4 | May 31, 2015 | 17.44% | 16.17% | -6.83% | 20.8% | 9.88% | 8.1 pp |
| FY 2015 Q3 | Feb 28, 2015 | — | 18.67% | — | 23.33% | 11.68% | — |
| FY 2015 Q2 | Nov 30, 2014 | — | 18.91% | — | 23.92% | 11.87% | — |
| FY 2015 Q1 | Aug 31, 2014 | — | 18.77% | — | 24.09% | 11.76% | — |
| FY 2014 Q4 | May 31, 2014 | 22.94% | 20.37% | 5.29% | 23.94% | 12.73% | 13.6 pp |
| FY 2014 Q3 | Feb 28, 2014 | — | 21.06% | — | 25.25% | 13.39% | — |
| FY 2014 Q2 | Nov 30, 2013 | — | 20.97% | — | 25.54% | 13.41% | — |
| FY 2014 Q1 | Aug 31, 2013 | — | 21.83% | — | 25.51% | 13.6% | — |
| FY 2013 Q4 | May 31, 2013 | 24.4% | 22.27% | 28.92% | 24.74% | 13.64% | 15.1 pp |
| FY 2013 Q3 | Feb 28, 2013 | — | 21.92% | — | 24.52% | 13.75% | — |
| FY 2013 Q2 | Nov 30, 2012 | — | 22.09% | — | 24.89% | 13.85% | — |
| FY 2013 Q1 | Aug 31, 2012 | — | 22.53% | — | 24.16% | 13.53% | — |
| FY 2012 Q4 | May 31, 2012 | 24.66% | 22.42% | 27.51% | 23.92% | 13.14% | 15.4 pp |
| FY 2012 Q3 | Feb 29, 2012 | — | 22.62% | — | 24.5% | — | — |
| FY 2012 Q2 | Nov 30, 2011 | — | 22.71% | — | 24.52% | — | — |
| FY 2012 Q1 | Aug 31, 2011 | — | 22.8% | — | 24.75% | — | — |
| FY 2011 Q4 | May 31, 2011 | 23.74% | 22.65% | 55.82% | 24.22% | 12.8% | 14.4 pp |
| FY 2011 Q3 | Feb 28, 2011 | — | 21.62% | — | 23.66% | — | — |
| FY 2011 Q2 | Nov 30, 2010 | — | 19.82% | — | 21.87% | — | — |
| FY 2011 Q1 | Aug 31, 2010 | — | 19.39% | — | 21.84% | — | — |
| FY 2010 Q4 | May 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Feb 28, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Nov 30, 2009 | — | — | — | — | — | — |
| FY 2010 Q1 | Aug 31, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ORCL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.