ORACLE CORP Earnings Per Share Disclosure
Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options and shares issuable under the Purchase Plan as applicable pursuant to the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:
|
|
Year Ended May 31, |
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(in millions, except per share data) |
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2025 |
|
|
2024 |
|
|
2023 |
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Net income |
|
$ |
12,443 |
|
|
$ |
10,467 |
|
|
$ |
8,503 |
|
Weighted-average common shares outstanding |
|
|
2,789 |
|
|
|
2,744 |
|
|
|
2,696 |
|
Dilutive effect of employee stock plans |
|
|
77 |
|
|
|
79 |
|
|
|
70 |
|
Dilutive weighted-average common shares outstanding |
|
|
2,866 |
|
|
|
2,823 |
|
|
|
2,766 |
|
Basic earnings per share |
|
$ |
4.46 |
|
|
$ |
3.82 |
|
|
$ |
3.15 |
|
Diluted earnings per share |
|
$ |
4.34 |
|
|
$ |
3.71 |
|
|
$ |
3.07 |
|
Anti-dilutive stock awards excluded from calculation(1) |
|
|
23 |
|
|
|
27 |
|
|
|
50 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 18, 2025 | Showing above |
| 2024 | Jun 20, 2024 | |
| 2023 | Jun 20, 2023 | |
| 2022 | Jun 21, 2022 | |
| 2021 | Jun 21, 2021 | |
| 2020 | Jun 22, 2020 | |
| 2019 | Jun 21, 2019 | |
| 2018 | Jun 22, 2018 | |
| 2017 | Jun 27, 2017 | |
| 2016 | Jun 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.