Oracle Corporation

ORCL · Technology · $376.0B mkt cap · FY2026 filings · · Narrow moat ·

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Narrow moat
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The five investor questions

100

2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $42.4B to $67.4B, increasing; diluted EPS 2.41 to 5.83, increasing.

100

Median gross margin 61.3% over 2y, very stable.

74

Median ROIC 15.6%, above the 12% hurdle in 80% of years.

16

Net debt/EBITDA 3.3x, interest coverage 4x.

80

Owner earnings changed +6.3%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
223% above value if growth stopped today
$10.5B
$40.38
$65.42
$130.54
223% above value if growth stopped today

What today’s price assumes: owner earnings growing ~26%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).

How to read this

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Among the current top-score group, the median current price is 240% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 15, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

20 years of fundamentals

The business, in plain English

Across the filed record, revenue grew from $22.4B (FY2008) to $67.4B (FY2026) — about 6.3% a year compounded over 18 years.

It earned 12.8% on invested capital in the latest filed year, FY2026. Across the full 19-year measurable filed record, median ROIC was 21.3%. Over the v3 recent window (10 measurable filed years), median ROIC was 15.6%. The Returns on Capital filter above scores it 74/100.

The balance sheet carried $129.5B of total debt in FY2026 against $17.1B of owner earnings — roughly 7.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 16/100.

Put together: Business Trend is the strongest of the five filters (100/100) and Balance-Sheet Safety the weakest (16/100), which is how ORCL lands at 74/100 — a Narrow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2007–FY2026 · 20 fiscal years, normalized from ORCL’s SEC filings

Sales, as filed$67.4B FY2026
$0$25B$50B2007201420212026
Revenue kept after cost of goods61.7% FY2018
0%50%100%2007201420212026
Standard ROIC or separately labeled Operating ROICStandard ROIC 14.8% FY2026

Exact FY and FY-1 financing invested-capital inputs are required.

0%20%2007201420212026
Cash an owner could take out$17.1B FY2026
$0$10B2007201420212026

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How Oracle Corporation makes its money

Oracle Corporation's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$67.4B100%
$20.6B31%
Income before tax$19.6B29%
Income tax$2.5B4%
$17.1B25%
Source: · event May 31, 2026 · retrieved Oct 15, 2026 · annual-row source set

Flagship explainer

What Oracle Corporation owns — and owes

Oracle Corporation's filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$261.8B100%
Cash and equivalents$31.3B12%
$129.5B49%
Stockholders’ equity$42.5B16%
Source: · event May 31, 2026 · retrieved Oct 15, 2026 · annual-row source set

Flagship explainer

What drives Oracle Corporation’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity54%Tax burden87%net income ÷ pretax incomeInterest burden95%pretax ÷ operating incomeOperating margin31%operating income ÷ revenueAsset turnover0.31×revenue ÷ average assetsEquity multiplier6.83×average assets ÷ average equityAs of 2026-05-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$17.1BFY2026
Income before tax$19.6BFY2026
Operating income$20.6BFY2026
$67.4BFY2026
Ending assets$261.8BFY2026
Beginning assets$168.4BFY2025
$42.5BFY2026
$20.5BFY2025
Source: · event May 31, 2026 · retrieved Oct 15, 2026 · annual-row source set
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Flagship explainer

Where Oracle Corporation's cash went

Oracle Corporation’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$32.0B100%
Depreciation and amortization$9.3B29%
Source: · event May 31, 2026 · retrieved Oct 15, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding Oracle Corporation

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

5 holding0 exited13 not holding18/19 resolved1 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
First Eagle17,033,756 shares$2.5B · 2% of eligible reported 13FAdded to position · +8,598,578 shares (102%)
Gardner Russo & Quinn2,715 shares$397883 · 0% of eligible reported 13FTrimmed · -885 shares (−25%)
Mairs & Power13,643 shares$2M · 0% of eligible reported 13FTrimmed · -17,075 shares (−56%)
Oakmark / Harris Associates650,879 shares$95.4M · 0% of eligible reported 13FTrimmed · -89,646 shares (−12%)
Polen Capital3,574,259 shares$524M · 5% of eligible reported 13FTrimmed · -1,449,998 shares (−29%)
Abrams CapitalNo position reportedNo position reported
Akre CapitalNo position reportedNo position reported
Baupost GroupNo position reportedNo position reported
Berkshire HathawayNo position reportedNo position reported
Brave Warrior AdvisorsNo position reportedNo position reported
Dodge & CoxNo position reportedNo position reported
FundsmithNo position reportedNo position reported
Gates Foundation TrustNo position reportedNo position reported
Markel / Markel-GaynerNo position reportedNo position reported
Sequoia / Ruane CunniffNo position reportedNo position reported
Southeastern Asset ManagementNo position reportedNo position reported
Tweedy, BrowneNo position reportedNo position reported
Yacktman Asset ManagementNo position reportedNo position reported
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source:
37 SEC filings
  1. 13F-HR · Q1 2026Filing detailsAccession 0000813917-26-000038 · filed May 15, 2026
  2. 13F-HR · Q2 2026Filing detailsAccession 0000813917-26-000042 · filed Aug 14, 2026
  3. 13F-HR · Q1 2026Filing detailsAccession 0000860643-26-000003 · filed May 13, 2026
  4. 13F-HR · Q2 2026Filing detailsAccession 0000860643-26-000005 · filed Aug 13, 2026
  5. 13F-HR · Q1 2026Filing detailsAccession 0000905567-26-000002 · filed May 1, 2026
  6. 13F-HR · Q2 2026Filing detailsAccession 0000905567-26-000003 · filed Aug 11, 2026
  7. 13F-HR · Q1 2026Filing detailsAccession 0000919574-26-003132 · filed May 15, 2026
  8. 13F-HR · Q2 2026Filing detailsAccession 0000919574-26-005176 · filed Aug 14, 2026
  9. 13F-HR · Q1 2026Filing detailsAccession 0001061768-26-000007 · filed May 14, 2026
  10. 13F-HR · Q2 2026Filing detailsAccession 0001061768-26-000010 · filed Aug 13, 2026
  11. 13F-HR · Q1 2026Filing detailsAccession 0001096343-26-000044 · filed May 1, 2026
  12. 13F-HR · Q2 2026Filing detailsAccession 0001096343-26-000065 · filed Jul 31, 2026
  13. 13F-HR · Q1 2026Filing detailsAccession 0001104659-26-062592 · filed May 15, 2026
  14. 13F-HR · Q2 2026Filing detailsAccession 0001104659-26-097175 · filed Aug 14, 2026
  15. 13F-HR · Q1 2026Filing detailsAccession 0001112520-26-000009 · filed May 14, 2026
  16. 13F-HR · Q2 2026Filing detailsAccession 0001112520-26-000014 · filed Aug 14, 2026
  17. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001819 · filed May 14, 2026
  18. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001911 · filed May 14, 2026
  19. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-001966 · filed May 14, 2026
  20. 13F-HR · Q1 2026Filing detailsAccession 0001172661-26-002294 · filed May 15, 2026
  21. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003035 · filed Aug 4, 2026
  22. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003402 · filed Aug 13, 2026
  23. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003496 · filed Aug 14, 2026
  24. 13F-HR · Q2 2026Filing detailsAccession 0001172661-26-003728 · filed Aug 14, 2026
  25. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-208439 · filed May 6, 2026
  26. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-223352 · filed May 14, 2026
  27. 13F-HR · Q1 2026Filing detailsAccession 0001193125-26-226661 · filed May 15, 2026
  28. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-340443 · filed Aug 7, 2026
  29. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-349535 · filed Aug 13, 2026
  30. 13F-HR · Q2 2026Filing detailsAccession 0001193125-26-352200 · filed Aug 14, 2026
  31. 13F-HR/A · Q1 2026 · Amendment RESTATEMENTFiling detailsAccession 0001325447-26-000018 · filed May 14, 2026
  32. 13F-HR · Q2 2026Filing detailsAccession 0001325447-26-000020 · filed Aug 5, 2026
  33. 13F-HR/A · Q2 2026 · Amendment NEW HOLDINGSFiling detailsAccession 0001325447-26-000033 · filed Aug 24, 2026
  34. 13F-HR · Q1 2026Filing detailsAccession 0001398344-26-009296 · filed May 15, 2026
  35. 13F-HR · Q2 2026Filing detailsAccession 0001398344-26-014641 · filed Aug 14, 2026
  36. 13F-HR · Q1 2026Filing detailsAccession 0001569205-26-000005 · filed May 15, 2026
  37. 13F-HR · Q2 2026Filing detailsAccession 0001569205-26-000012 · filed Aug 14, 2026
· event Jun 30, 2026 · retrieved Oct 15, 2026

Flagship explainer

What Oracle Corporation insiders reported

Records still being gathered — partial as of retrieval Oct 15, 2026.

Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.

Moat Score history

31 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale74.0 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Oct 15, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
  4. Methodology upgraded moat-index@1.1.0tomoat-index@1.2.0 — readings across versions aren’t comparedJul 17, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.

Records still being gathered — partial as of retrieval Oct 15, 2026.

Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (51 versus 3). The filing codes alone do not establish that every such row arose from a compensation plan.

Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.

InsiderShares owned afterDateFiling detail
RUSCKOWSKI STEPHEN HDirectorOpen-market or private purchase (P)Table I · Acquired · Common Stock25,000$139.352$3,483,80025,390Sep 29, 2026
1 filed lot
  • Table I · Common Stock: 25,000 shares at $139.352 · code P · owned after 25,390 ·
Smith MariaEVP, Chief Accounting OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock2,631$151.70$399,12364,357Sep 22, 2026
1 filed lot
  • Table I · Common Stock: 2,631 shares at $151.70 · code S · owned after 64,357 ·
Sicilia Michael D.Chief Executive OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock22,562$151.59$3,420,174182,929.279Sep 22, 2026
1 filed lot
  • Table I · Common Stock: 22,562 shares at $151.59 · code S · owned after 182,929.279 ·
Smith MariaEVP, Chief Accounting OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock9,105$147.61$1,343,989See lot detailSep 21, 2026
2 filed lots
  • Table I · Common Stock: 6,230 shares at $147.61 · code F · owned after 69,863 ·
  • Table I · Common Stock: 2,875 shares at $147.61 · code F · owned after 66,988 ·
Sicilia Michael D.Chief Executive OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock52,806$147.61$7,794,694See lot detailSep 21, 2026
2 filed lots
  • Table I · Common Stock: 17,311 shares at $147.61 · code F · owned after 240,986.279 ·
  • Table I · Common Stock: 35,495 shares at $147.61 · code F · owned after 205,491.279 ·
Magouyrk Clayton M.Chief Executive OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock51,102$147.61$7,543,166See lot detailSep 21, 2026
2 filed lots
  • Table I · Common Stock: 16,437 shares at $147.61 · code F · owned after 284,813 ·
  • Table I · Common Stock: 34,665 shares at $147.61 · code F · owned after 250,148 ·
Levey StuartEVP, Chief Legal OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock10,245$147.61$1,512,26428,523Sep 21, 2026
1 filed lot
  • Table I · Common Stock: 10,245 shares at $147.61 · code F · owned after 28,523 ·
Hura MarkPres., Global Field OperationsPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock29,261$147.61$4,319,216See lot detailSep 21, 2026
2 filed lots
  • Table I · Common Stock: 8,456 shares at $147.61 · code F · owned after 308,822 ·
  • Table I · Common Stock: 20,805 shares at $147.61 · code F · owned after 288,017 ·
HENLEY JEFFREYDirector, Vice ChairmanPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock20,346$147.61$3,003,273See lot detailSep 21, 2026
2 filed lots
  • Table I · Common Stock: 5,884 shares at $147.61 · code F · owned after 507,604 ·
  • Table I · Common Stock: 14,462 shares at $147.61 · code F · owned after 493,142 ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event5,506—Exercise or conversion of derivative security (M)—76,093Sep 20, 2026
1 filed lot
  • Table I · Common Stock: 5,506 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 76,093 · Paired event: 5,506 Restricted Stock Unit → 5,506 Common Stock ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event5,506—Exercise or conversion of derivative security (M)—0Sep 20, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 5,506 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 5,506 Restricted Stock Unit → 5,506 Common Stock ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event73,411—Exercise or conversion of derivative security (M)—258,297.279Sep 20, 2026
1 filed lot
  • Table I · Common Stock: 73,411 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 258,297.279 · Paired event: 73,411 Restricted Stock Unit → 73,411 Common Stock ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event73,411—Exercise or conversion of derivative security (M)—0Sep 20, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 73,411 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 73,411 Restricted Stock Unit → 73,411 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event88,093—Exercise or conversion of derivative security (M)—301,250Sep 20, 2026
1 filed lot
  • Table I · Common Stock: 88,093 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 301,250 · Paired event: 88,093 Restricted Stock Unit → 88,093 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event88,093—Exercise or conversion of derivative security (M)—0Sep 20, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 88,093 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 88,093 Restricted Stock Unit → 88,093 Common Stock ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event47,717—Exercise or conversion of derivative security (M)—317,278Sep 20, 2026
1 filed lot
  • Table I · Common Stock: 47,717 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 317,278 · Paired event: 47,717 Restricted Stock Unit → 47,717 Common Stock ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event47,717—Exercise or conversion of derivative security (M)—0Sep 20, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 47,717 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 47,717 Restricted Stock Unit → 47,717 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event33,035—Exercise or conversion of derivative security (M)—513,488Sep 20, 2026
1 filed lot
  • Table I · Common Stock: 33,035 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 513,488 · Paired event: 33,035 Restricted Stock Unit → 33,035 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event33,035—Exercise or conversion of derivative security (M)—0Sep 20, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 33,035 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 0 · Paired event: 33,035 Restricted Stock Unit → 33,035 Common Stock ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event11,934—Exercise or conversion of derivative security (M)—70,587Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 11,934 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 70,587 · Paired event: 11,934 Restricted Stock Unit → 11,934 Common Stock ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event11,934—Exercise or conversion of derivative security (M)—23,868Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 11,934 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 23,868 · Paired event: 11,934 Restricted Stock Unit → 11,934 Common Stock ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event35,802—Exercise or conversion of derivative security (M)—184,886.279Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 35,802 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 184,886.279 · Paired event: 35,802 Restricted Stock Unit → 35,802 Common Stock ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event35,802—Exercise or conversion of derivative security (M)—71,604Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 35,802 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 71,604 · Paired event: 35,802 Restricted Stock Unit → 35,802 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event41,769—Exercise or conversion of derivative security (M)—213,157Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 41,769 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 213,157 · Paired event: 41,769 Restricted Stock Unit → 41,769 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event41,769—Exercise or conversion of derivative security (M)—83,538Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 41,769 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 83,538 · Paired event: 41,769 Restricted Stock Unit → 41,769 Common Stock ·
Levey StuartEVP, Chief Legal OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event20,885—Exercise or conversion of derivative security (M)—38,768Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 20,885 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 38,768 · Paired event: 20,885 Restricted Stock Unit → 20,885 Common Stock ·
Levey StuartEVP, Chief Legal OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event20,885—Exercise or conversion of derivative security (M)—41,769Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 20,885 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 41,769 · Paired event: 20,885 Restricted Stock Unit → 20,885 Common Stock ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event19,393—Exercise or conversion of derivative security (M)—269,561Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 19,393 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 269,561 · Paired event: 19,393 Restricted Stock Unit → 19,393 Common Stock ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event19,393—Exercise or conversion of derivative security (M)—38,786Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 19,393 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 38,786 · Paired event: 19,393 Restricted Stock Unit → 19,393 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event13,426—Exercise or conversion of derivative security (M)—480,453Sep 19, 2026
1 filed lot
  • Table I · Common Stock: 13,426 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 480,453 · Paired event: 13,426 Restricted Stock Unit → 13,426 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event13,426—Exercise or conversion of derivative security (M)—26,852Sep 19, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 13,426 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 26,852 · Paired event: 13,426 Restricted Stock Unit → 13,426 Common Stock ·
Sicilia Michael D.Chief Executive OfficerOpen-market or private sale (S)Table I · Disposed · Common Stock10,882$139.94$1,522,827149,084.279Sep 16, 2026
1 filed lot
  • Table I · Common Stock: 10,882 shares at $139.94 · code S · owned after 149,084.279 ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event13,168—Exercise or conversion of derivative security (M)—65,527Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 13,168 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 65,527 · Paired event: 13,168 Restricted Stock Unit → 13,168 Common Stock ·
Smith MariaEVP, Chief Accounting OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock6,874$144.79$995,28658,653Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 6,874 shares at $144.79 · code F · owned after 58,653 ·
Smith MariaEVP, Chief Accounting OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event13,168—Exercise or conversion of derivative security (M)—13,169Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 13,168 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 13,169 · Paired event: 13,168 Restricted Stock Unit → 13,168 Common Stock ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event52,673—Exercise or conversion of derivative security (M)—185,434.279Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 52,673 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 185,434.279 · Paired event: 52,673 Restricted Stock Unit → 52,673 Common Stock ·
Sicilia Michael D.Chief Executive OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock25,468$144.79$3,687,512159,966.279Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 25,468 shares at $144.79 · code F · owned after 159,966.279 ·
Sicilia Michael D.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event52,673—Exercise or conversion of derivative security (M)—52,674Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 52,673 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 52,674 · Paired event: 52,673 Restricted Stock Unit → 52,673 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event61,452—Exercise or conversion of derivative security (M)—195,570Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 61,452 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 195,570 · Paired event: 61,452 Restricted Stock Unit → 61,452 Common Stock ·
Magouyrk Clayton M.Chief Executive OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock24,182$144.79$3,501,312171,388Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 24,182 shares at $144.79 · code F · owned after 171,388 ·
Magouyrk Clayton M.Chief Executive OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event61,452—Exercise or conversion of derivative security (M)—61,453Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 61,452 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 61,453 · Paired event: 61,452 Restricted Stock Unit → 61,452 Common Stock ·
Levey StuartEVP, Chief Legal OfficerExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event26,337—Exercise or conversion of derivative security (M)—29,766Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 26,337 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 29,766 · Paired event: 26,337 Restricted Stock Unit → 26,337 Common Stock ·
Levey StuartEVP, Chief Legal OfficerPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock11,883$144.79$1,720,54017,883Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 11,883 shares at $144.79 · code F · owned after 17,883 ·
Levey StuartEVP, Chief Legal OfficerExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event26,337—Exercise or conversion of derivative security (M)—26,337Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 26,337 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 26,337 · Paired event: 26,337 Restricted Stock Unit → 26,337 Common Stock ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event28,531—Exercise or conversion of derivative security (M)—262,608Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 28,531 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 262,608 · Paired event: 28,531 Restricted Stock Unit → 28,531 Common Stock ·
Hura MarkPres., Global Field OperationsPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock12,440$144.79$1,801,188250,168Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 12,440 shares at $144.79 · code F · owned after 250,168 ·
Hura MarkPres., Global Field OperationsExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event28,531—Exercise or conversion of derivative security (M)—28,532Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 28,531 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 28,532 · Paired event: 28,531 Restricted Stock Unit → 28,531 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event19,752—Exercise or conversion of derivative security (M)—475,662Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 19,752 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 475,662 · Paired event: 19,752 Restricted Stock Unit → 19,752 Common Stock ·
HENLEY JEFFREYDirector, Vice ChairmanPayment of exercise price or tax liability (F)Table I · Disposed · Common Stock8,635$144.79$1,250,262467,027Sep 15, 2026
1 filed lot
  • Table I · Common Stock: 8,635 shares at $144.79 · code F · owned after 467,027 ·
HENLEY JEFFREYDirector, Vice ChairmanExercise or conversion of derivative security (M)Table II · Disposed · Restricted Stock Unit · 1 paired event19,752—Exercise or conversion of derivative security (M)—19,753Sep 15, 2026
1 filed lot
  • Table II · Restricted Stock Unit: 19,752 shares at — (Exercise or conversion of derivative security (M)) · code M · owned after 19,753 · Paired event: 19,752 Restricted Stock Unit → 19,752 Common Stock ·

Source-event as of . Retrieved .

Track record

How Oracle Corporation’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.

Point-in-time scores 2011–2025, one methodology version · reconstructed from filings on file each Dec 31 — never with hindsight

Point-in-time Moat Score (dot colored by tier)Indexed price (total-return (dividends reinvested))Rated Wide-moat that year

How to read this: each dot is what the engine would have scored ORCL on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.

0406080100WideNarrowShallowNo moatPoint-in-time Moat Score1002005001,000Indexed price · log scale (2012 = 100)201120142017202020232026

Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.

What followed, in the years it rated Wide

In the 5 years ORCL rated Wide-moat (2011, 2012, 2013, 2014 and 2015), the median forward total return that followed — measured only after each year’s filings were public — was:

  • 1 year 10% vs the S&P 500’s 12% (price basis) · median over 5 years
  • 3 years 9% vs the S&P 500’s 31% (price basis) · median over 5 years
  • 5 years 42% vs the S&P 500’s 77% (price basis) · median over 5 years

These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.

Technology context

#89 of 751 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #87SSTK SHUTTERSTOCK, INC.74.3 out of 100, Narrow moatNarrow moat
  2. #88APP AppLovin Corporation74.2 out of 100, Narrow moatNarrow moat
  3. #90STX Seagate Technology Holdings plc73.6 out of 100, Narrow moatNarrow moat
  4. #91OSPN OneSpan Inc.73.3 out of 100, Narrow moatNarrow moat

Compare ORCL with its nearest peers →All Technology companies on the Index →

Common questions about ORCL

Does Oracle Corporation have an economic moat?
Based on its FY2026 SEC filings, the Moat Index scores Oracle Corporation (ORCL) 74.0 out of 100 — a Narrow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 100, pricing power 100, returns on capital 74, balance-sheet safety 16, capital allocation 80.
Is ORCL trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $40.38 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $130.54, that is 223% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has ORCL's Moat Score changed over time?
The record logs 31 readings since Jul 17, 2026; the latest reads 74.0 out of 100 (narrow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 17, 2026, Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.