Oracle stock split: what it means for traders
Oracle’s stock-split history reflects several decades of corporate development and changes in its share structure.
Oracle (ORCL) has carried out several such actions over the years, although its most recent completed split took place in 2000. From time to time, discussion about whether the company might act again resurfaces. Understanding how stock splits work, and how Oracle has managed them in the past, can help provide context for anyone following the stock.
Explore how stock splits function, Oracle’s historical activity, its latest reported earnings, and upcoming publicly available developments.
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Past performance is not a reliable indicator of future results.
What is a stock split?
A stock split increases the number of a company’s outstanding shares by dividing each existing share into multiple new ones. Although the share count rises, the price per share adjusts downwards in proportion to the split. The company’s total market capitalisation remains the same at the moment of the split, and the value of an investor’s overall holding doesn’t change as a direct result.
For example, in a 2-for-1 split, each shareholder receives two shares for every one they hold. The share price typically adjusts to roughly half of its previous level. The underlying business doesn’t change; only the number and pricing of its shares does.
Companies may use forward stock splits to keep their share price within a range they consider accessible to a broad investor base, or to support liquidity. A reverse split does the opposite by consolidating shares to raise the price per share.
Oracle’s 2-for-1 stock split
Oracle has completed several stock splits since the 1980s. Its most recent occurred on 13 October 2000, when the company executed a 2-for-1 split. This doubled the number of shares in circulation and halved the share price at the point of the split, without changing Oracle’s overall market capitalisation.
That event followed another 2-for-1 split in January 2000 and a series of splits in the 1990s. For long-term shareholders, these accumulated adjustments mean that older share purchases now equate to a larger number of split-adjusted shares.
Why did Oracle conduct a share split?
Through the late 1980s, 1990s and into 2000, Oracle expanded its database and enterprise software operations, and its market valuation increased alongside that growth. Forward splits were a common practice among technology companies in that period. They helped keep share prices within ranges that supported liquidity and made shares more accessible to a wider audience.
A stock split doesn’t alter a company’s revenues, margins or fundamentals. Long-term valuation still depends on operational performance rather than the mechanics of the split. Oracle’s use of splits therefore aligned with broader sector norms at the time: adjusting share structure to reflect market conditions without changing the underlying economics.
Will Oracle split again in 2026?
As of 15 December 2025, Oracle hasn’t announced any plans for a stock split in 2025 or 2026. Although there was public discussion earlier in 2025 around the company’s share price and whether a split could be considered, no formal guidance or board decision has been issued.
Any future action would depend on factors such as share-price trends, market conditions and internal corporate considerations. Without an official announcement, there’s no confirmed indication that Oracle intends to carry out a split in 2026.
Oracle stock split history
Oracle’s completed splits span the late 1980s through to 2000. Selected entries include:
| Date | Approx. ratio | Notes |
|---|---|---|
| 25 March 1987 | 2-for-1 | Early forward split |
| 21 December 1987 | 2-for-1 | Second split that year |
| 9 November 1993 | 2-for-1 | Early-1990s cycle |
| 23 February 1995 | 3-for-2 | Fractional split |
| 17 April 1996 | 3-for-2 | Continued fractional use |
| 18 August 1997 | 3-for-2 | Late-1990s split |
| 1 March 1999 | 3-for-2 | Further fractional split |
| 19 January 2000 | 2-for-1 | First of two splits in 2000 |
| 13 October 2000 | 2-for-1 | Most recent completed ORCL split |
These actions increased the total share count over time, meaning earlier purchases now translate into larger split-adjusted holdings. The pattern is consistent with periods of rapid corporate expansion and growing global demand for enterprise software.
Past performance is not a reliable indicator of future results.
Latest earnings: Oracle fiscal 2026 Q2 results
Oracle’s most recent publicly reported figures (as of 15 December 2025) cover its fiscal 2026 second quarter, ending 30 November 2025. Highlights include:
- Total revenue of about $16.1bn, growing at a mid-teens percentage rate year on year.
- Cloud revenue growth in the mid-30s% range, reflecting continued expansion in infrastructure and related services.
- Remaining performance obligations above $500bn, supported by multi-year contracts, including workloads linked to artificial intelligence (AI).
- Higher earnings per share, on both GAAP and non-GAAP bases, aided by a gain from the sale of Oracle’s stake in Ampere Computing.
- Elevated capital expenditure, directed towards data-centre build-out and hardware to support cloud infrastructure. This weighed on near-term free cash flow but aligns with the company’s focus on expanding capacity for future demand.
Together, these results illustrate Oracle’s continued shift towards cloud-driven revenue, with AI-related infrastructure forming an increasingly significant part of its long-term pipeline.
Outlook and upcoming developments
Oracle’s recent forward-looking communications emphasise three themes: long-term cloud demand, AI-driven infrastructure requirements and continued investment in capacity.
Large, multi-year contracts continue to influence the company’s elevated remaining performance obligations. As these convert into recognised revenue over time, they play a meaningful role in shaping Oracle’s revenue mix.
Capital expenditure is expected to remain sizeable in the near term as Oracle adds data-centre capacity, acquires specialised hardware and supports its network infrastructure. These costs can weigh on short-term free cash flow but contribute to longer-term operational capability.
Summary
- A stock split increases a company’s share count and lowers its share price proportionally, without altering market value at the moment of the split.
- Oracle’s most recent completed split was a 2-for-1 action in October 2000.
- There’s no confirmed plan for a new Oracle stock split in 2026.
- Fiscal 2026 Q2 results show continued revenue growth and rising cloud demand, supported by large AI-related contracts.
- Oracle’s outlook highlights sustained investment in cloud infrastructure and a long-term focus on capacity expansion.
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FAQ
When did Oracle stock split?
Oracle’s stock-split activity began in the late 1980s, with forward splits in March and December 1987. Further 2-for-1 and 3-for-2 splits followed throughout the 1990s. The company then completed two additional 2-for-1 splits in January and October 2000. Each action increased the number of shares in circulation while leaving Oracle’s market value unchanged at the moment of the split.
When did the Oracle stock split take effect?
Each split took effect on its stated split date, when trading began on a split-adjusted basis. For the most recent cycle, the January 2000 2-for-1 split became effective when the new shares were issued in mid-January, and the next 2-for-1 split took effect on 13 October 2000. From that point, ORCL traded with its adjusted share count and price.
Did Oracle have a stock split before?
Yes. Oracle completed several stock splits before the 2000 actions, including multiple 2-for-1 and 3-for-2 splits across the late 1980s and 1990s. These were used during periods of substantial share-price growth to keep the price per share within a range considered more accessible to a broader investor base. As with any stock split, these actions didn’t change the company’s underlying fundamentals.
How many times has Oracle stock split?
Oracle has executed several stock splits since the 1980s, with public records indicating around ten completed actions. As a result, early share purchases now translate into a larger split-adjusted number of shares.
How much was Oracle stock after the split?
After each split, Oracle’s share price adjusted mechanically according to the split ratio. In a 2-for-1 split, for example, the price usually falls to around half its pre-split level while the number of shares held doubles. This adjustment leaves the value of an investor’s overall position unchanged at that moment. When the 13 October 2000 split took effect, ORCL opened trading at roughly half its previous price in line with this standard process.
Why did Oracle split its stock?
Oracle used stock splits during periods when its share price had risen significantly, particularly through the 1990s and 2000. Forward splits helped maintain a price per share viewed as accessible and supported liquidity. These adjustments didn’t alter the company’s operations or financial performance; they simply changed the structure of its share base.
Will Oracle split again?
As of 15 December 2025, Oracle hasn’t announced plans for another stock split in 2025 or 2026. Although public discussion has occasionally considered the possibility, no formal guidance or board decision has been published. Any future action would depend on internal corporate considerations and prevailing market conditions.
What was the most recent Oracle stock split date?
Oracle’s most recently completed stock split was a 2-for-1 split that became effective on 13 October 2000. The company hasn’t implemented any further splits as of mid-December 2025.
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