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Oracle vs Shopify: revenue, profit, margins and growth compared

Oracle brought in $67.4B of revenue in fiscal 2026, Shopify $11.6B in fiscal 2025. Revenue changed by +17.3% at Oracle and +30.1% at Shopify on the year before, so Shopify grew faster. Oracle kept 25.4% of its revenue as net profit, Shopify 10.7%. Free cash flow was -$23.7B at Oracle and $2B at Shopify.

Side by side, latest fiscal year

ORCLSHOP
Fiscal year endedFY2026 (May 31, 2026)FY2025 (December 31, 2025)
Revenue$67.4B$11.6B
Revenue growth+17.3%+30.1%
Net income$17.1B$1.2B
Net margin25.4%10.7%
Free cash flow-$23.7B$2B
Free cash flow margin-35.2%17.4%
Earnings per share (diluted)$5.83$0.94
Cash$31.3B$1.5B
Debtn/an/a
Price to earnings23.5151.3
Market value$394.9B$184.3B
Dividend yield1.46%n/a
Rank by revenue in sector#10 of 530 · Technology#54 of 530 · Technology

Over the years

Revenue
ORCL FY2019: $39.5BORCL FY2020: $39.1BORCL FY2021: $40.5BORCL FY2022: $42.4BORCL FY2023: $50BORCL FY2024: $53BORCL FY2025: $57.4BORCL FY2026: $67.4BSHOP FY2018: $1.1BSHOP FY2019: $1.6BSHOP FY2020: $2.9BSHOP FY2021: $4.6BSHOP FY2022: $5.6BSHOP FY2022: $7.1BSHOP FY2024: $8.9BSHOP FY2025: $11.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ORCL $67.4BSHOP $11.6B
Net income
ORCL FY2019: $11.1BORCL FY2020: $10.1BORCL FY2021: $13.7BORCL FY2022: $6.7BORCL FY2023: $8.5BORCL FY2024: $10.5BORCL FY2025: $12.4BORCL FY2026: $17.1BSHOP FY2018: -$64.6MSHOP FY2019: -$124.8MSHOP FY2020: $319.5MSHOP FY2021: $2.9BSHOP FY2022: -$3.5BSHOP FY2022: $132MSHOP FY2024: $2BSHOP FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ORCL $17.1BSHOP $1.2B
Net margin
ORCL FY2019: 28.1%ORCL FY2020: 25.9%ORCL FY2021: 34.0%ORCL FY2022: 15.8%ORCL FY2023: 17.0%ORCL FY2024: 19.8%ORCL FY2025: 21.7%ORCL FY2026: 25.4%SHOP FY2018: -6.0%SHOP FY2019: -7.9%SHOP FY2020: 10.9%SHOP FY2021: 63.2%SHOP FY2022: -61.8%SHOP FY2022: 1.9%SHOP FY2024: 22.7%SHOP FY2025: 10.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ORCL 25.4%SHOP 10.7%
Revenue growth
ORCL FY2020: -1.1%ORCL FY2021: +3.6%ORCL FY2022: +4.8%ORCL FY2023: +17.7%ORCL FY2024: +6.0%ORCL FY2025: +8.4%ORCL FY2026: +17.3%SHOP FY2019: +47.0%SHOP FY2020: +85.6%SHOP FY2021: +57.4%SHOP FY2022: +21.4%SHOP FY2022: +26.1%SHOP FY2024: +25.8%SHOP FY2025: +30.1%FY19FY20FY21FY22FY23FY24FY25FY26
ORCL +17.3%SHOP +30.1%
Free cash flow
ORCL FY2019: $12.9BORCL FY2020: $11.6BORCL FY2021: $13.8BORCL FY2022: $5BORCL FY2023: $8.5BORCL FY2024: $11.8BORCL FY2025: -$394MORCL FY2026: -$23.7BSHOP FY2018: -$18.6MSHOP FY2019: $13.9MSHOP FY2020: $383.2MSHOP FY2021: $484.9MSHOP FY2022: -$186MSHOP FY2022: $905MSHOP FY2024: $1.6BSHOP FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ORCL -$23.7BSHOP $2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Oracle and Shopify

Which is bigger by revenue, Oracle or Shopify?

Oracle is bigger by revenue: $67.4B in fiscal 2026, against $11.6B for Shopify in fiscal 2025.

Which keeps more of its revenue as profit, Oracle or Shopify?

Oracle had a net margin of 25.4% in fiscal 2026; Shopify had 10.7% in fiscal 2025.

Which grew revenue faster, Oracle or Shopify?

In their latest fiscal years revenue changed by +17.3% at Oracle and +30.1% at Shopify.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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