Oracle Corp.、合併損益表結構（季度數據）
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截至 3 個月 |
2025年5月31日 |
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2025年2月28日 |
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2024年11月30日 |
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2024年8月31日 |
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2024年5月31日 |
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2024年2月29日 |
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2023年11月30日 |
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2023年8月31日 |
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2023年5月31日 |
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2023年2月28日 |
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2022年11月30日 |
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2022年8月31日 |
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2022年5月31日 |
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2022年2月28日 |
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2021年11月30日 |
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2021年8月31日 |
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2021年5月31日 |
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2021年2月28日 |
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2020年11月30日 |
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2020年8月31日 |
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2020年5月31日 |
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2020年2月29日 |
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2019年11月30日 |
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2019年8月31日 |
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雲服務和許可證支援 |
73.55% | |
77.90% | |
76.86% | |
79.05% | |
71.63% | |
75.02% | |
74.48% | |
76.66% | |
67.71% | |
71.97% | |
70.04% | |
73.54% | |
64.30% | |
72.64% | |
72.92% | |
75.77% | |
65.81% | |
71.91% | |
72.57% | |
74.16% | |
65.57% | |
70.74% | |
70.84% | |
73.82% | |
|
|
雲許可證和本地許可證 |
12.62% | |
7.99% | |
8.50% | |
6.54% | |
12.86% | |
9.46% | |
9.10% | |
6.50% | |
15.55% | |
10.39% | |
11.69% | |
7.90% | |
21.45% | |
12.26% | |
11.94% | |
8.36% | |
19.11% | |
12.65% | |
11.14% | |
9.46% | |
18.75% | |
12.57% | |
11.71% | |
8.81% | |
|
|
硬體 |
5.34% | |
4.98% | |
5.18% | |
4.92% | |
5.89% | |
5.68% | |
5.84% | |
5.73% | |
6.14% | |
6.54% | |
6.92% | |
6.67% | |
7.22% | |
7.59% | |
7.40% | |
7.84% | |
7.85% | |
8.13% | |
8.61% | |
8.69% | |
8.62% | |
8.75% | |
9.06% | |
8.84% | |
|
|
服務業 |
8.48% | |
9.14% | |
9.46% | |
9.49% | |
9.61% | |
9.84% | |
10.57% | |
11.11% | |
10.59% | |
11.10% | |
11.34% | |
11.89% | |
7.04% | |
7.50% | |
7.74% | |
8.03% | |
7.23% | |
7.31% | |
7.67% | |
7.69% | |
7.05% | |
7.94% | |
8.38% | |
8.53% | |
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收入 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
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雲服務和許可證支援 |
-21.03% | |
-20.40% | |
-19.53% | |
-19.52% | |
-17.65% | |
-18.46% | |
-17.57% | |
-17.50% | |
-15.59% | |
-15.97% | |
-15.41% | |
-15.16% | |
-12.12% | |
-12.41% | |
-12.15% | |
-12.48% | |
-10.81% | |
-10.55% | |
-10.86% | |
-10.79% | |
-9.68% | |
-10.12% | |
-10.63% | |
-10.65% | |
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|
硬體 |
-1.58% | |
-1.39% | |
-1.22% | |
-1.22% | |
-1.69% | |
-1.63% | |
-1.65% | |
-1.76% | |
-1.89% | |
-1.97% | |
-2.33% | |
-2.18% | |
-2.15% | |
-2.32% | |
-2.21% | |
-2.52% | |
-2.24% | |
-2.28% | |
-2.49% | |
-2.63% | |
-2.76% | |
-2.77% | |
-2.96% | |
-2.95% | |
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服務業 |
-7.21% | |
-7.90% | |
-8.30% | |
-8.62% | |
-8.12% | |
-9.04% | |
-9.68% | |
-9.73% | |
-9.48% | |
-9.80% | |
-9.62% | |
-9.20% | |
-5.98% | |
-6.36% | |
-6.48% | |
-6.62% | |
-5.83% | |
-6.16% | |
-6.44% | |
-6.65% | |
-6.42% | |
-7.17% | |
-7.71% | |
-7.63% | |
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收入成本 |
-29.81% |
|
-29.69% |
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-29.06% |
|
-29.35% |
|
-27.47% |
|
-29.13% |
|
-28.90% |
|
-28.99% |
|
-26.96% |
|
-27.74% |
|
-27.36% |
|
-26.54% |
|
-20.25% |
|
-21.10% |
|
-20.84% |
|
-21.62% |
|
-18.89% |
|
-18.99% |
|
-19.79% |
|
-20.07% |
|
-18.86% |
|
-20.05% |
|
-21.30% |
|
-21.23% |
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|
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毛利 |
70.19% |
|
70.31% |
|
70.94% |
|
70.65% |
|
72.53% |
|
70.87% |
|
71.10% |
|
71.01% |
|
73.04% |
|
72.26% |
|
72.64% |
|
73.46% |
|
79.75% |
|
78.90% |
|
79.16% |
|
78.38% |
|
81.11% |
|
81.01% |
|
80.21% |
|
79.93% |
|
81.14% |
|
79.95% |
|
78.70% |
|
78.77% |
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銷售和行銷 |
-14.50% | |
-15.00% | |
-15.58% | |
-15.30% | |
-14.79% | |
-15.38% | |
-16.17% | |
-16.27% | |
-16.55% | |
-17.34% | |
-18.05% | |
-19.02% | |
-18.88% | |
-19.06% | |
-18.86% | |
-19.06% | |
-18.50% | |
-18.99% | |
-18.73% | |
-19.79% | |
-18.76% | |
-20.92% | |
-21.51% | |
-21.89% | |
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|
研究與開發 |
-16.69% | |
-17.19% | |
-17.58% | |
-17.33% | |
-15.57% | |
-16.93% | |
-17.20% | |
-17.79% | |
-16.09% | |
-17.31% | |
-17.58% | |
-18.29% | |
-16.60% | |
-17.27% | |
-16.93% | |
-17.31% | |
-15.28% | |
-16.07% | |
-16.34% | |
-16.96% | |
-14.17% | |
-15.31% | |
-15.92% | |
-16.89% | |
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|
一般和行政 |
-2.94% | |
-2.76% | |
-2.75% | |
-2.69% | |
-2.82% | |
-2.84% | |
-2.90% | |
-3.16% | |
-2.89% | |
-3.24% | |
-2.98% | |
-3.59% | |
-3.08% | |
-3.19% | |
-3.08% | |
-3.06% | |
-2.72% | |
-3.27% | |
-3.31% | |
-3.15% | |
-2.66% | |
-2.94% | |
-3.36% | |
-3.17% | |
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無形資產攤銷 |
-3.42% | |
-3.88% | |
-4.20% | |
-4.69% | |
-5.20% | |
-5.64% | |
-5.83% | |
-6.13% | |
-6.29% | |
-7.15% | |
-7.39% | |
-8.03% | |
-2.27% | |
-2.65% | |
-2.89% | |
-3.11% | |
-3.05% | |
-3.44% | |
-3.52% | |
-3.68% | |
-3.50% | |
-4.08% | |
-4.23% | |
-4.49% | |
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收購相關及其他 |
-0.02% | |
-0.20% | |
-0.22% | |
-0.10% | |
-0.71% | |
-1.17% | |
-0.36% | |
-0.09% | |
-0.36% | |
-0.30% | |
-0.51% | |
-0.36% | |
-0.04% | |
-0.19% | |
-45.05% | |
-0.22% | |
-0.27% | |
-0.13% | |
-0.78% | |
-0.20% | |
-0.11% | |
-0.07% | |
-0.12% | |
-0.27% | |
|
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重組 |
-0.50% | |
-0.45% | |
-0.60% | |
-0.55% | |
-0.65% | |
-0.68% | |
-0.64% | |
-1.11% | |
-0.95% | |
-0.63% | |
-1.12% | |
-1.26% | |
-0.86% | |
-0.18% | |
-0.31% | |
-0.39% | |
-0.85% | |
-0.65% | |
-0.98% | |
-1.86% | |
-0.67% | |
-0.61% | |
-0.44% | |
-0.85% | |
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營業利潤 （虧損） |
32.13% |
|
30.84% |
|
30.02% |
|
29.99% |
|
32.79% |
|
28.24% |
|
27.99% |
|
26.47% |
|
29.91% |
|
26.29% |
|
25.02% |
|
22.92% |
|
38.02% |
|
36.35% |
|
-7.95% |
|
35.23% |
|
40.45% |
|
38.45% |
|
36.56% |
|
34.28% |
|
41.26% |
|
36.01% |
|
33.11% |
|
31.21% |
|
|
|
利息支出 |
-6.15% | |
-6.31% | |
-6.16% | |
-6.33% | |
-6.15% | |
-6.60% | |
-6.86% | |
-7.00% | |
-6.90% | |
-7.32% | |
-6.97% | |
-6.88% | |
-5.95% | |
-6.34% | |
-6.55% | |
-7.25% | |
-6.21% | |
-5.80% | |
-6.12% | |
-6.55% | |
-5.56% | |
-4.65% | |
-4.84% | |
-5.36% | |
|
|
營業外收入（費用），淨額 |
0.14% | |
-0.13% | |
0.26% | |
0.15% | |
-0.18% | |
-0.07% | |
-0.11% | |
-0.39% | |
-0.56% | |
-1.08% | |
-0.58% | |
-1.57% | |
-1.46% | |
-3.00% | |
0.07% | |
-0.42% | |
2.78% | |
-0.17% | |
-0.11% | |
-0.02% | |
-0.32% | |
0.04% | |
0.96% | |
1.07% | |
|
|
所得稅前收入（虧損） |
26.11% |
|
24.40% |
|
24.11% |
|
23.81% |
|
26.46% |
|
21.57% |
|
21.02% |
|
19.07% |
|
22.46% |
|
17.89% |
|
17.47% |
|
14.47% |
|
30.61% |
|
27.01% |
|
-14.44% |
|
27.56% |
|
37.02% |
|
32.48% |
|
30.33% |
|
27.70% |
|
35.39% |
|
31.40% |
|
29.23% |
|
26.93% |
|
|
|
（準備）從所得稅中獲益 |
-4.57% | |
-3.62% | |
-1.70% | |
-1.80% | |
-4.47% | |
-3.49% | |
-1.68% | |
0.36% | |
1.52% | |
-2.60% | |
-3.28% | |
-0.94% | |
-3.68% | |
-4.96% | |
2.40% | |
-2.30% | |
-1.10% | |
17.30% | |
-5.41% | |
-3.67% | |
-5.55% | |
-5.16% | |
-5.19% | |
-3.74% | |
|
|
淨收入（虧損） |
21.55% |
|
20.78% |
|
22.41% |
|
22.01% |
|
22.00% |
|
18.08% |
|
19.34% |
|
19.43% |
|
23.98% |
|
15.29% |
|
14.18% |
|
13.53% |
|
26.93% |
|
22.06% |
|
-12.04% |
|
25.26% |
|
35.91% |
|
49.79% |
|
24.92% |
|
24.03% |
|
29.85% |
|
26.25% |
|
24.04% |
|
23.18% |
|
根據報告：
10-K (報告日期： 2025-05-31), 10-Q (報告日期： 2025-02-28), 10-Q (報告日期： 2024-11-30), 10-Q (報告日期： 2024-08-31), 10-K (報告日期： 2024-05-31), 10-Q (報告日期： 2024-02-29), 10-Q (報告日期： 2023-11-30), 10-Q (報告日期： 2023-08-31), 10-K (報告日期： 2023-05-31), 10-Q (報告日期： 2023-02-28), 10-Q (報告日期： 2022-11-30), 10-Q (報告日期： 2022-08-31), 10-K (報告日期： 2022-05-31), 10-Q (報告日期： 2022-02-28), 10-Q (報告日期： 2021-11-30), 10-Q (報告日期： 2021-08-31), 10-K (報告日期： 2021-05-31), 10-Q (報告日期： 2021-02-28), 10-Q (報告日期： 2020-11-30), 10-Q (報告日期： 2020-08-31), 10-K (報告日期： 2020-05-31), 10-Q (報告日期： 2020-02-29), 10-Q (報告日期： 2019-11-30), 10-Q (報告日期： 2019-08-31).
整體來看，Oracle公司在所分析的期間內展現出持續的營收結構轉變與盈利能力的波動。雲服務與許可證支援部分占比大幅波動但維持較高比例，尤其在2022年與2023年達到高點，顯示公司主要收入來源仍以服務相關業務為核心，且逐步擴大。與此同時，雲許可證與本地許可證的比例則相對較低且有波動，明示傳統軟體許可證的貢獻逐年減少，轉向服務及雲端解決方案。
在硬體收入比例逐年下降的趨勢明顯，反映出公司逐步退出傳統硬體市場，專注於雲端與軟體服務。同時，服務業收入比例雖保持在較低水準，但稍有增加的跡象，可能反映服務營收佔比逐漸提升，促使營收結構更偏向高毛利的雲端服務。值得注意的是，毛利率整體維持在70%以上，但在2021年出現短暫下降，之後逐步回升，顯示公司營運的穩定性逐步改善。
在營運支出部分，銷售與行銷成本呈逐步下降趨勢，反映出公司對推廣成本的控制能力或行銷策略的調整。研究與開發支出則波動較大，但整體佔比波動範圍較小，顯示公司持續投入於產品創新與技術研發，對維持競爭力具有積極影響。行政支出相對穩定，未顯示重大變動，表示公司管理架構較為穩定。
利潤層面，營業利潤率在2019年至2020年初顯示穩定成長，最高達到41.26%，但2021年起出現明顯的轉折，營運獲利率一度大幅轉為虧損(-7.95%)，隨後逐步回升至約30%以上，彰顯公司在2021年及之後透過成本控制或營收調整逐步改善盈利能力。另外，所得稅前淨利與淨利的波動較大，特別在2021年出現明顯下降，但整體趨勢是逐步恢復到較高水平，顯示公司的經營風險有所降低。
整體而言，Oracle在經歷傳統硬體業務逐步縮減後，成功轉型為以雲端服務為核心的公司，並在收入結構和毛利率上展現出一定的穩定性。然而，營運利潤率的波動也反映出其面對市場競爭與成本控制的挑戰。未來公司若能持續強化雲端服務的市場佔有率並控制成本，有望在盈利穩定性與成長動能上做出進一步提升。
