# Oracle left 64m shares out of its diluted count, against 2m a year earlier

![Oracle left 64m shares out of its diluted count, against 2m a year earlier](https://aiswingx.com/static/covers/orcl-diluted-shares-fy27q1_cover.jpg?v=1790450945)

**The earnings per share note in the first-quarter fiscal 2027 10-Q: 64m shares were excluded from the diluted calculation. The company says mandatory convertible preferred stock is among them and that these shares could be dilutive in the future**

Oracle Corporation (ORCL) excluded 64m shares from its diluted earnings per share calculation for the first quarter of fiscal 2027. The figure for the same quarter a year earlier was 2m. The same quarter's income statement also carries a line that was not there a year ago.

- 종목: ORCL (Oracle Corporation)
- 분기: 2027Q1 · 10-Q
- 작성: 2026-09-26 19:29 UTC
- 원문: https://aiswingx.com/p/orcl-diluted-shares-fy27q1

## 숫자 하나
64m shares excluded from the diluted calculation in the first quarter of fiscal 2027, against 2m a year earlier. Preferred stock dividends of $81m appear for the first time, on 50,000 shares of 6.50% Series D Mandatory Convertible Preferred Stock carried at $4,954m. Added to $1,428m of interest expense, the quarter's cost of capital is $1,509m, or 7.8% of revenue.

## 비유 하나
(구독자 전용)

## 출처 하나
Oracle Corporation Form 10-Q (first quarter of fiscal 2027, ended 31 August 2026, filed 2026-09-11, accession 0001193125-26-389274): condensed consolidated statements of operations; the earnings per share note and its footnote (1); the equity section of the condensed consolidated balance sheets; dividends paid in the condensed consolidated statements of cash flows; the dividend declaration in subsequent events; the depositary share description on the cover page. Quarterly figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

Oracle Corporation (ORCL) sells corporate databases and cloud infrastructure. Its first quarter of fiscal 2027 ended on 31 August 2026, and the 10-Q was filed on 11 September 2026.

The bottom line of the earnings per share note:

| Item | Q1 FY2026 | Q1 FY2027 |
|---|---|---|
| **Shares excluded from the diluted calculation** | **2m** | **64m** |

That is **32 times** the figure of a year earlier. The footnote to the note states that these shares **"could be dilutive in the future."**

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## FAQ

**Q. Is leaving shares out of the diluted count unusual?**

It is the procedure the accounting rules set out. What changes from period to period is how much is left out. The subscriber section gives both quarters and what the exclusion contains.

**Q. What is the line that was not there a year ago?**

The subscriber section carries the new income statement item, its amount, and how the earnings attributable to common shareholders changed.

**Q. What are the terms of that preferred stock?**

The share count, the rate, the carrying amount and the per-share dividend the company declared are reproduced in the subscriber section.

**Q. What happened to earnings per share in the end?**

Basic and diluted earnings per share and the share counts behind them are placed beside the prior year in the subscriber section.

**Q. Where can I check this myself?**

On SEC EDGAR, open Oracle Corporation's first-quarter fiscal 2027 Form 10-Q (accession 0001193125-26-389274) and read the earnings per share note and its footnote.