XML 37 R29.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT INFORMATION (Tables)
 6 Months Ended
Nov. 30, 2025
Segment Reporting [Abstract]  
Summary of Businesses Results

The following table presents summary results for each of our three businesses:

 

 

 

Three Months Ended
November 30,

 

 

Six Months Ended
November 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cloud and software:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

13,854

 

 

$

12,001

 

 

$

26,760

 

 

$

23,389

 

Cloud and software expenses

 

 

3,807

 

 

 

2,555

 

 

 

7,225

 

 

 

4,977

 

Sales and marketing expenses

 

 

1,870

 

 

 

1,888

 

 

 

3,668

 

 

 

3,659

 

Margin(1)

 

$

8,177

 

 

$

7,558

 

 

$

15,867

 

 

$

14,753

 

Hardware:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

776

 

 

$

728

 

 

$

1,446

 

 

$

1,383

 

Hardware products and support expenses

 

 

205

 

 

 

161

 

 

 

374

 

 

 

313

 

Sales and marketing expenses

 

 

59

 

 

 

69

 

 

 

113

 

 

 

135

 

Margin(1)

 

$

512

 

 

$

498

 

 

$

959

 

 

$

935

 

Services:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,428

 

 

$

1,330

 

 

$

2,777

 

 

$

2,594

 

Services expenses

 

 

1,084

 

 

 

1,080

 

 

 

2,101

 

 

 

2,145

 

Margin(1)

 

$

344

 

 

$

250

 

 

$

676

 

 

$

449

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

16,058

 

 

$

14,059

 

 

$

30,983

 

 

$

27,366

 

Expenses

 

 

7,025

 

 

 

5,753

 

 

 

13,481

 

 

 

11,229

 

Margin(1)

 

$

9,033

 

 

$

8,306

 

 

$

17,502

 

 

$

16,137

 

 

(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, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or certain other
non-operating income, 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 condensed 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:

 

 

 

Three Months Ended
November 30,

 

 

Six Months Ended
November 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Total margin for operating segments

 

$

9,033

 

 

$

8,306

 

 

$

17,502

 

 

$

16,137

 

Research and development

 

 

(2,561

)

 

 

(2,471

)

 

 

(5,051

)

 

 

(4,777

)

General and administrative

 

 

(409

)

 

 

(387

)

 

 

(786

)

 

 

(745

)

Amortization of intangible assets

 

 

(407

)

 

 

(591

)

 

 

(826

)

 

 

(1,215

)

Acquisition related and other

 

 

(21

)

 

 

(31

)

 

 

(35

)

 

 

(44

)

Restructuring

 

 

(406

)

 

 

(84

)

 

 

(808

)

 

 

(157

)

Stock-based compensation for operating segments

 

 

(394

)

 

 

(414

)

 

 

(783

)

 

 

(765

)

Expense allocations and other, net

 

 

(104

)

 

 

(108

)

 

 

(205

)

 

 

(223

)

Interest expense

 

 

(1,057

)

 

 

(866

)

 

 

(1,980

)

 

 

(1,708

)

Non-operating income, net

 

 

2,668

 

 

 

36

 

 

 

2,741

 

 

 

57

 

Income before income taxes

 

$

6,342

 

 

$

3,390

 

 

$

9,769

 

 

$

6,560

 
Disaggregation of Revenue by Geography

The following table is a summary of our total revenues by geographic region:

 

 

 

Three Months Ended
November 30,

 

 

Six Months Ended
November 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Americas

 

$

10,467

 

 

$

8,933

 

 

$

20,129

 

 

$

17,305

 

EMEA(1)

 

 

3,760

 

 

 

3,381

 

 

 

7,240

 

 

 

6,609

 

Asia Pacific

 

 

1,831

 

 

 

1,745

 

 

 

3,614

 

 

 

3,452

 

Total revenues

 

$

16,058

 

 

$

14,059

 

 

$

30,983

 

 

$

27,366

 

 

(1)
Comprised of Europe, the Middle East and Africa

The following table presents our software revenues by offerings:

 

 

 

Three Months Ended
November 30,

 

 

Six Months Ended
November 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Software license

 

$

939

 

 

$

1,195

 

 

$

1,705

 

 

$

2,065

 

Software support

 

 

4,938

 

 

 

4,869

 

 

 

9,893

 

 

 

9,765

 

Total software revenues

 

$

5,877

 

 

$

6,064

 

 

$

11,598

 

 

$

11,830

 

 

The following table presents our cloud revenues by offerings:

 

 

 

Three Months Ended
November 30,

 

 

Six Months Ended
November 30,

 

(in millions)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cloud applications

 

$

3,898

 

 

$

3,503

 

 

$

7,736

 

 

$

6,971

 

Cloud infrastructure

 

 

4,079

 

 

 

2,434

 

 

 

7,426

 

 

 

4,588

 

Total cloud revenues

 

$

7,977

 

 

$

5,937

 

 

$

15,162

 

 

$

11,559