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SEGMENT INFORMATION (Tables)
 12 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Summary of Businesses Results

The following table presents summary results for each of our three businesses for each of fiscal 2026, 2025 and 2024:

 

 

 

Year Ended May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2024

 

Cloud and software:

 

 

 

 

 

 

 

 

 

Revenues

 

$

58,530

 

 

$

49,230

 

 

$

44,464

 

Cloud and software expenses

 

 

16,850

 

 

 

10,827

 

 

 

8,783

 

Sales and marketing expenses

 

 

7,212

 

 

 

7,473

 

 

 

7,167

 

Margin(1)

 

$

34,468

 

 

$

30,930

 

 

$

28,514

 

Hardware:

 

 

 

 

 

 

 

 

 

Revenues

 

$

3,084

 

 

$

2,936

 

 

$

3,066

 

Hardware expenses

 

 

832

 

 

 

742

 

 

 

855

 

Sales and marketing expenses

 

 

235

 

 

 

276

 

 

 

296

 

Margin(1)

 

$

2,017

 

 

$

1,918

 

 

$

1,915

 

Services:

 

 

 

 

 

 

 

 

 

Revenues

 

$

5,743

 

 

$

5,233

 

 

$

5,431

 

Expenses

 

 

4,210

 

 

 

4,240

 

 

 

4,515

 

Margin(1)

 

$

1,533

 

 

$

993

 

 

$

916

 

Totals:

 

 

 

 

 

 

 

 

 

Revenues

 

$

67,357

 

 

$

57,399

 

 

$

52,961

 

Expenses

 

 

29,339

 

 

 

23,558

 

 

 

21,616

 

Margin(1)

 

$

38,018

 

 

$

33,841

 

 

$

31,345

 

 

(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, restructuring and other 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 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:

 

 

Year Ended May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2024

 

Total margin for operating segments

 

$

38,018

 

 

$

33,841

 

 

$

31,345

 

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

)

Stock-based compensation for operating segments

 

 

(1,618

)

 

 

(1,597

)

 

 

(1,382

)

Expense allocations and other, net

 

 

(395

)

 

 

(423

)

 

 

(419

)

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

 
Disaggregation of Revenue by Geography

The following table presents a summary of our total revenues by geographic region, which are generally based on the location of our customers:

 

 

Year Ended May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2024

 

Americas

 

$

44,478

 

 

$

36,339

 

 

$

33,122

 

EMEA(1)

 

 

15,297

 

 

 

14,025

 

 

 

13,030

 

Asia Pacific

 

 

7,582

 

 

 

7,035

 

 

 

6,809

 

Total revenues

 

$

67,357

 

 

$

57,399

 

 

$

52,961

 

 

(1)
Comprises Europe, the Middle East and Africa

The following table presents our software revenues by offerings:

 

 

Year Ended May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2024

 

Software license

 

$

4,737

 

 

$

5,201

 

 

$

5,081

 

Software support

 

 

19,804

 

 

 

19,523

 

 

 

19,609

 

Total software revenues

 

$

24,541

 

 

$

24,724

 

 

$

24,690

 

The following table presents our cloud revenues by offerings:

 

 

Year Ended May 31,

 

(in millions)

 

2026

 

 

2025

 

 

2024

 

Cloud applications

 

$

15,888

 

 

$

14,272

 

 

$

12,934

 

Cloud infrastructure

 

 

18,101

 

 

 

10,234

 

 

 

6,840

 

Total cloud revenues

 

$

33,989

 

 

$

24,506

 

 

$

19,774

 

 
Geographic Information

Disclosed in the table below is geographic information for each country that comprised greater than three percent of our total revenues for any of fiscal 2026, 2025 or 2024:

 

 

 

As of and for the Year Ended May 31,

 

 

 

2026

 

 

2025

 

 

2024

 

(in millions)

 

Revenues

 

 

Long-Lived
Assets(1)

 

 

Revenues

 

 

Long-Lived
Assets(1)

 

 

Revenues

 

 

Long-Lived
Assets(1)

 

U.S.

 

$

39,835

 

 

$

102,717

 

 

$

32,075

 

 

$

45,439

 

 

$

29,055

 

 

$

24,798

 

United Kingdom

 

 

2,816

 

 

 

3,903

 

 

 

2,594

 

 

 

2,530

 

 

 

2,423

 

 

 

1,164

 

Germany

 

 

1,993

 

 

 

2,432

 

 

 

1,817

 

 

 

2,013

 

 

 

1,794

 

 

 

1,192

 

Japan

 

 

1,870

 

 

 

3,183

 

 

 

1,759

 

 

 

2,320

 

 

 

1,662

 

 

 

1,144

 

Other countries

 

 

20,843

 

 

 

21,029

 

 

 

19,154

 

 

 

7,841

 

 

 

18,027

 

 

 

3,962

 

Total

 

$

67,357

 

 

$

133,264

 

 

$

57,399

 

 

$

60,143

 

 

$

52,961

 

 

$

32,260

 

 

(1)
Long-lived assets exclude goodwill, intangible assets, non-marketable investments and deferred taxes, which are not allocated to specific geographic locations as it is impracticable to do so.