ORCL · Forward model · Services
What has to happen in Services
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Services
Basis quarter$1.41B
Final quarter$1.73B
Implied CAGR+4%
Final revenue mix3%
Consulting and support services that implement and migrate customers onto everything else: $5.7B in FY2026, up 10%, and newly profitable at a 26.7% segment margin against 19% two years ago. It is a trailing indicator of cloud adoption — it grows when customers are actively moving, which is why it turned up at the same time OCI did.
Last four quarters
2026 Q2
$1.43B
Reported
2026 Q3
$1.44B
Reported
2026 Q4
$1.52B
Reported
2027 Q1
$1.41B
Reported
ConsultingAdvanced customer supportEducation
Sequential growth
0.0%/qtr
decaying toward +1.5%
Q1 has landed roughly flat against the prior Q4 in each of the last two years, at +0.1% and -7.6%.
Services
Latest: $1.73B (2032Q1E)
| Period | Value |
|---|---|
| 2025Q1 | $1.26B |
| 2025Q2 | $1.33B |
| 2025Q3 | $1.29B |
| 2025Q4 | $1.35B |
| 2026Q1 | $1.35B |
| 2026Q2 | $1.43B |
| 2026Q3 | $1.44B |
| 2026Q4 | $1.52B |
| 2027Q1 | $1.41B |
| 2027Q2E | $1.41B |
| 2027Q3E | $1.42B |
| 2027Q4E | $1.42B |
| 2028Q1E | $1.43B |
| 2028Q2E | $1.44B |
| 2028Q3E | $1.45B |
| 2028Q4E | $1.47B |
| 2029Q1E | $1.48B |
| 2029Q2E | $1.50B |
| 2029Q3E | $1.52B |
| 2029Q4E | $1.53B |
| 2030Q1E | $1.55B |
| 2030Q2E | $1.57B |
| 2030Q3E | $1.59B |
| 2030Q4E | $1.62B |
| 2031Q1E | $1.64B |
| 2031Q2E | $1.66B |
| 2031Q3E | $1.68B |
| 2031Q4E | $1.71B |
| 2032Q1E | $1.73B |
Assumptions & reasoning
- The margin here is disclosed and it has moved hard: segment operating income went from $916M on $5,431M in FY2024 to $1,533M on $5,743M in FY2026, nearly doubling the margin on 6% more revenue.
- Services growth turned from -3% in FY2024 to +10% in FY2026, inflecting in the same year OCI did. Treat it as confirmation of migration activity rather than as an independent driver.