ORCL Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-02-29), ORCL reported revenue of $13.3B, gross profit of $9.4B (70.9% gross margin), operating income of $3.8B, and net income of $2.4B (18.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ORCL was profitable; revenue grew 2.6% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +2.6% | −4.1% | −1.3 pp |
Consensus estimate data is not available for this report.
ORCL Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $13.3B | 100% |
| Cost of Revenue | −$3.9B | 29.1% |
| Gross Profit | $9.4B | 70.9% |
| Research & Development | −$2.2B | 16.9% |
| Selling, General & Administrative | −$2.4B | 18.2% |
| Other Operating Expenses | −$994M | 7.5% |
| Operating Income | $3.8B | 28.2% |
| Interest Expense | −$876M | 6.6% |
| Other Income, net | −$9M | 0.1% |
| Income Tax Expense | −$464M | 3.5% |
| Net Income | $2.4B | 18.1% |
Source: original SEC filing (filed 2024-03-11). Accession 0000950170-24-029250. Data normalized by EarningsFyi.