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Oracle vs. Salesforce
Revenue, growth, margins, cash flow and cash returned, side by side from each company's latest annual report.
Salesforce sells subscription software for sales, customer service, marketing and data, including Slack, MuleSoft and Tableau. Oracle sells cloud infrastructure, where customers rent computing power and storage, cloud applications such as Fusion and NetSuite, and support for its software licenses. Below are the figures each one reported in its latest annual report (Form 10-K), side by side, with links to the filing behind every number. Salesforce's fiscal year ends on January 31 and Oracle's on May 31, so the two years overlap by eight months. Why fiscal years differ.
Comparing Oracle fiscal 2026 (ended May 31, 2026) with Salesforce fiscal 2026 (ended Jan 31, 2026)
OracleSalesforce
Each pair of bars shows both companies on one scale. Their fiscal years end on different dates, so the periods overlap but aren't identical.
Revenue and growth
| Company | Prior year | Latest year | Change |
|---|---|---|---|
| Oracle (FY2025 to FY2026) | $57.4B | $67.4B | +17.3% |
| Salesforce (FY2025 to FY2026) | $37.9B | $41.5B | +9.6% |
Oracle reports total revenues: cloud services, software licenses and support, hardware and services. Salesforce reports total revenues: subscriptions to its cloud software, plus support, professional services and training.
Margins
| Company | Revenue | Operating income | Operating margin | Net income | Net margin |
|---|---|---|---|---|---|
| Oracle FY2026 | $67.4B | $20.6B | 30.6% | $17.1B | 25.4% |
| Salesforce FY2026 | $41.5B | $8.3B | 20.1% | $7.5B | 18.0% |
Margin is the profit line divided by revenue, worked out by Ticker Sage from the linked figures. What profit margins measure.
Cash flow and cash returned
| Company | Cash from operations | Capital spending | Free cash flow | Buybacks | Dividends paid |
|---|---|---|---|---|---|
| Oracle FY2026 | $32.0B | $55.7B | −$23.7B | $95M | $5.8B |
| Salesforce FY2026 | $15.0B | $594M | $14.4B | $12.6B | $1.6B |
Capital spending is property and equipment for both companies, as each company labels it in the cash flow statement. Free cash flow isn't a GAAP line; Ticker Sage works it out the same way for both. How free cash flow works · How buybacks work · How dividends work.
How each one makes money
Oracle
Oracle reports three businesses. Cloud and software covers cloud services (Oracle Cloud Infrastructure, where customers rent computing power and storage, and cloud applications such as Fusion and NetSuite), software license support, and new software licenses. Hardware covers servers and storage systems. Services covers consulting and advanced customer services.
It runs its cloud from a global network of data centers it operates or leases. Its fiscal year ends on May 31, so FY2026 means the year to May 31, 2026.
Salesforce
Most revenue comes from subscriptions, which customers pay for over the contract term. It groups subscription revenue into Service, Sales, Platform (including Slack), Integration and Analytics (including MuleSoft and Tableau), and Marketing and Commerce. Professional services help customers set up and use its products.
Its fiscal year ends on January 31, so fiscal 2026 means the year to Jan 31, 2026.
Main risks each one lists
Oracle
- Expanding data center capacity needs heavy investment and long-term commitments, and demand may not match the capacity built.
- It competes with large cloud providers and software companies on price, features and speed.
- Some components and technologies come from a single vendor, so shortages or price rises can delay its cloud and hardware.
- It has taken on substantial debt and lease obligations, which brings interest costs and refinancing risk.
- Cyberattacks, data breaches or service disruptions could hurt customers and its reputation.
Salesforce
- Breaches of its systems or customers' data could be very costly.
- Outages at its own or third-party data centers could hurt customers.
- It buys companies to grow, which brings integration risk.
- Customers may not renew or may cut subscriptions.
- Markets are competitive and changing fast with AI.
How they differ
- Size. Oracle reported $67.4B of revenue for fiscal 2026, and Salesforce $41.5B for fiscal 2026.
- Growth. Oracle's revenue grew 17.3% in its latest year and Salesforce's 9.6%.
- Margins. Salesforce kept 18.0% of revenue as net income and Oracle 25.4%.
- Fiscal calendar. Salesforce's year ends in January, Oracle's in May, so news in one company's latest 10-K can be up to four months newer than in the other's.
- Infrastructure. Oracle rents out computing power and storage through Oracle Cloud Infrastructure and also sells servers and storage systems.
- Subscriptions. Most Salesforce revenue comes from subscriptions paid over the contract term.
- Where the money goes. In the latest year Salesforce spent $12.6B on buybacks and $1.6B on dividends, and Oracle $95M and $5.8B.
Differences in size, growth or margin describe the past year only. None of this says which business will do better.
Sources
- Oracle Form 10-K for fiscal 2026, filed Jun 22, 2026
- Salesforce Form 10-K for fiscal 2026, filed Mar 2, 2026
Oracle company file → · Salesforce company file →
Common questions
Which is bigger by revenue, Salesforce or Oracle?
Oracle reported $67.4B of revenue for fiscal 2026 and Salesforce $41.5B for fiscal 2026. Their fiscal years end on different dates.
Does Salesforce own Slack?
Yes. Slack is part of Salesforce's Platform subscription revenue.
How do their profit margins compare?
In the latest fiscal year Salesforce's net margin was 18.0% and Oracle's was 25.4%, worked out from the net income and revenue in each 10-K.
Where do these numbers come from?
From each company's latest Form 10-K filed with the SEC. Every figure on this page links to the filing it came from.
Disclosures
- Editor holdings
- The editor holds no position in any company named on this page. As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- Each company's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold any security, and it doesn't consider your situation.
More in Learn · Methodology & Disclosures explains where every number comes from.