What is Oracle's backlog?

Oracle reported $664B of remaining performance obligations at 31 Aug 2026, up 46% from a year earlier and up 4% from the previous quarter. That is 9.3 years of trailing revenue already under contract. Book-to-bill last quarter: 2.34.

How fast does Oracle's backlog turn into revenue?

Over the last twelve months Oracle recognised revenue equal to about 13% of the backlog it started each quarter with.

Who are Oracle's biggest backlog customers?

Disclosed counterparties: OpenAI ($300.0B), Meta ($20.0B).

Oracle (ORCL) backlog: remaining performance obligations

How much revenue Oracle already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view Oracle competitor analysis

Oracle reported $664B of remaining performance obligations at 31 Aug 2026, up 46% from a year earlier and up 4% from the previous quarter. That is 9.3 years of trailing revenue already under contract. Book-to-bill last quarter: 2.34.
Net new backlog added in the latest quarter: $26.0B.
Over the last twelve months it turned about 13% of its opening backlog into revenue (12-month conversion).
13% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 4.6% of the backlog.
Twelve-month book-to-bill: 3.91, i.e. 3.91 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +24 points — orders are running ahead of revenue.
By backlog size it ranks 3rd among US filers the cockpit tracks.
Disclosed counterparties: OpenAI ($300.0B), Meta ($20.0B).

Oracle backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
31 Aug 2026	$664B	$71.8B	9.3 yrs	$30.8B
31 May 2026	$638B	$67.4B	9.5 yrs	$15.4B
28 Feb 2026	$553B	$64.1B	8.6 yrs	$11.2B
30 Nov 2025	$523B	$61.0B	8.6 yrs	$11.2B
31 Aug 2025	$455B	$59.0B	7.7 yrs	$13.4B
31 May 2025	$138B	$57.4B	2.4 yrs	$10.7B
28 Feb 2025	$130B	$55.8B	2.3 yrs	$10.4B
30 Nov 2024	$97.3B	$54.9B	1.8 yrs	$10.8B
31 Aug 2024	$99.1B	$53.8B	1.8 yrs	$12.9B
31 May 2024	$97.9B	$53.0B	1.8 yrs	$10.5B
29 Feb 2024	$80.2B	$52.5B	1.5 yrs	$10.2B
30 Nov 2023	$65.5B	$51.6B	1.3 yrs	$10.1B

Who Oracle's backlog is with

Who the backlog is with: the curated counterparty ledger (company filings and releases)
Counterparty	Disclosed contract value	Type	Credit rating
OpenAI	$300.0B	ailab
Meta	$20.0B	bigtech	AA-

Backlog compared with peers

Hyperscalers

Company	Backlog	1-year growth	Coverage	As of
Microsoft MSFT	$683B	+72%	2.0 yrs	30 Sep 2026
Oracle ORCL	$664B	+46%	9.3 yrs	31 Aug 2026
Alphabet Inc. (Class A) GOOGL	$568B	+260%	1.2 yrs	30 Sep 2026

Questions

What is Oracle's backlog?: Oracle reported $664B of remaining performance obligations at 31 Aug 2026, up 46% from a year earlier and up 4% from the previous quarter. That is 9.3 years of trailing revenue already under contract. Book-to-bill last quarter: 2.34.
How fast does Oracle's backlog turn into revenue?: Over the last twelve months Oracle recognised revenue equal to about 13% of the backlog it started each quarter with.
Who are Oracle's biggest backlog customers?: Disclosed counterparties: OpenAI ($300.0B), Meta ($20.0B).

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.