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SEGMENT INFORMATION (Tables)
 9 Months Ended
Feb. 28, 2026
Segment Reporting [Abstract]  
Summary of Businesses Results

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

 

 

 

Three Months Ended
February 28,

 

 

Nine Months Ended
February 28,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cloud and software:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

15,033

 

 

$

12,136

 

 

$

41,793

 

 

$

35,525

 

Cloud and software expenses

 

 

4,574

 

 

 

2,690

 

 

 

11,799

 

 

 

7,667

 

Sales and marketing expenses

 

 

1,752

 

 

 

1,817

 

 

 

5,420

 

 

 

5,477

 

Margin(1)

 

$

8,707

 

 

$

7,629

 

 

$

24,574

 

 

$

22,381

 

Hardware:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

714

 

 

$

703

 

 

$

2,160

 

 

$

2,086

 

Hardware products and support expenses

 

 

172

 

 

 

187

 

 

 

546

 

 

 

499

 

Sales and marketing expenses

 

 

57

 

 

 

66

 

 

 

170

 

 

 

201

 

Margin(1)

 

$

485

 

 

$

450

 

 

$

1,444

 

 

$

1,386

 

Services:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

1,443

 

 

$

1,291

 

 

$

4,220

 

 

$

3,885

 

Services expenses

 

 

1,043

 

 

 

1,029

 

 

 

3,143

 

 

 

3,174

 

Margin(1)

 

$

400

 

 

$

262

 

 

$

1,077

 

 

$

711

 

Totals:

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

17,190

 

 

$

14,130

 

 

$

48,173

 

 

$

41,496

 

Expenses

 

 

7,598

 

 

 

5,789

 

 

 

21,078

 

 

 

17,018

 

Margin(1)

 

$

9,592

 

 

$

8,341

 

 

$

27,095

 

 

$

24,478

 

 

(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 (expenses), 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
February 28,

 

 

Nine Months Ended
February 28,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Total margin for operating segments

 

$

9,592

 

 

$

8,341

 

 

$

27,095

 

 

$

24,478

 

Research and development

 

 

(2,607

)

 

 

(2,429

)

 

 

(7,658

)

 

 

(7,206

)

General and administrative

 

 

(389

)

 

 

(390

)

 

 

(1,174

)

 

 

(1,135

)

Amortization of intangible assets

 

 

(413

)

 

 

(548

)

 

 

(1,239

)

 

 

(1,763

)

Acquisition related and other

 

 

(20

)

 

 

(28

)

 

 

(55

)

 

 

(72

)

Restructuring

 

 

(153

)

 

 

(63

)

 

 

(961

)

 

 

(220

)

Stock-based compensation for operating segments

 

 

(449

)

 

 

(422

)

 

 

(1,231

)

 

 

(1,186

)

Expense allocations and other, net

 

 

(97

)

 

 

(103

)

 

 

(304

)

 

 

(327

)

Interest expense

 

 

(1,180

)

 

 

(892

)

 

 

(3,160

)

 

 

(2,600

)

Non-operating income (expenses), net

 

 

132

 

 

 

(18

)

 

 

2,872

 

 

 

39

 

Income before income taxes

 

$

4,416

 

 

$

3,448

 

 

$

14,185

 

 

$

10,008

 

 
Disaggregation of Revenue by Geography

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

 

 

 

Three Months Ended
February 28,

 

 

Nine Months Ended
February 28,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Americas

 

$

11,361

 

 

$

9,000

 

 

$

31,490

 

 

$

26,305

 

EMEA(1)

 

 

3,964

 

 

 

3,421

 

 

 

11,204

 

 

 

10,029

 

Asia Pacific

 

 

1,865

 

 

 

1,709

 

 

 

5,479

 

 

 

5,162

 

Total revenues

 

$

17,190

 

 

$

14,130

 

 

$

48,173

 

 

$

41,496

 

 

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

The following table presents our software revenues by offerings:

 

 

 

Three Months Ended
February 28,

 

 

Nine Months Ended
February 28,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Software license

 

$

1,150

 

 

$

1,129

 

 

$

2,856

 

 

$

3,194

 

Software support

 

 

4,969

 

 

 

4,797

 

 

 

14,861

 

 

 

14,562

 

Total software revenues

 

$

6,119

 

 

$

5,926

 

 

$

17,717

 

 

$

17,756

 

The following table presents our cloud revenues by offerings:

 

 

 

Three Months Ended
February 28,

 

 

Nine Months Ended
February 28,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cloud applications

 

$

4,026

 

 

$

3,558

 

 

$

11,762

 

 

$

10,529

 

Cloud infrastructure

 

 

4,888

 

 

 

2,652

 

 

 

12,314

 

 

 

7,240

 

Total cloud revenues

 

$

8,914

 

 

$

6,210

 

 

$

24,076

 

 

$

17,769