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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2024
Revenues:      
Cloud $ 33,989 $ 24,506 $ 19,774
Software 24,541 24,724 24,690
Hardware 3,084 2,936 3,066
Services 5,743 5,233 5,431
Total revenues 67,357 57,399 52,961
Operating expenses:      
Cloud and software [1] 17,597 11,569 9,427
Hardware [1] 868 782 891
Services [1] 4,556 4,576 4,825
Sales and marketing [1] 8,331 8,651 8,274
Research and development 10,272 9,860 8,915
General and administrative 1,618 1,602 1,548
Amortization of intangible assets 1,671 2,307 3,010
Restructuring and other 1,838 374 718
Total operating expenses 46,751 39,721 37,608
Operating income 20,606 17,678 15,353
Interest expense (4,599) (3,578) (3,514)
Non-operating income (expenses), net 3,547 60 (98)
Income before income taxes 19,554 14,160 11,741
Provision for income taxes 2,467 1,717 1,274
Net income 17,087 12,443 10,467
Preferred stock dividends 103 0 0
Net income available to common shareholders, Basic 16,984 12,443 10,467
Net income available to common shareholders, Diluted $ 16,984 $ 12,443 $ 10,467
Earnings per share attributable to common shareholders:      
Basic $ 5.94 $ 4.46 $ 3.82
Diluted $ 5.83 $ 4.34 $ 3.71
Weighted average common shares outstanding:      
Basic 2,860 2,789 2,744
Diluted 2,914 2,866 2,823
[1] Exclusive of amortization of intangible assets, which is shown separately.