As of Q2'26 (2025-11-30), Oracle's latest reported operating expenses show R&D Expenses at USD 2.56B and SG&A Expenses at USD 2.56B. Both categories have reached their highest levels in the period, with total operating expenses for the quarter amounting to approximately USD 5.12B. From Q3'23 to Q2'26, Oracle's operating expenses have demonstrated a generally upward trend, with both R&D and SG&A expenses experiencing periodic fluctuations but ultimately increasing over time. Notably, both expense categories saw significant peaks in Q4'25, with R&D at USD 2.65B and SG&A at USD 2.77B, before a slight pullback and subsequent rise to new highs in Q2'26. This pattern suggests ongoing investment in both research and development as well as selling, general, and administrative functions, reflecting Oracle's continued focus on growth and operational expansion over the observed period.