diff --git a/django/db/backends/oracle/operations.py b/django/db/backends/oracle/operations.py
index 6ac6b29737..c1afb2ed5e 100644
--- a/django/db/backends/oracle/operations.py
+++ b/django/db/backends/oracle/operations.py
@@ -8,7 +8,7 @@ from django.db.backends.base.operations import BaseDatabaseOperations
 from django.db.backends.utils import strip_quotes, truncate_name
 from django.db.utils import DatabaseError
 from django.utils import timezone
-from django.utils.encoding import force_bytes
+from django.utils.encoding import force_bytes, force_str
 from django.utils.functional import cached_property
 
 from .base import Database
@@ -258,9 +258,16 @@ END;
         # https://cx-oracle.readthedocs.io/en/latest/cursor.html#Cursor.statement
         # The DB API definition does not define this attribute.
         statement = cursor.statement
-        # Unlike Psycopg's `query` and MySQLdb`'s `_executed`, CxOracle's
-        # `statement` doesn't contain the query parameters. refs #20010.
-        return super().last_executed_query(cursor, statement, params)
+        # Unlike Psycopg's `query` and MySQLdb`'s `_executed`, cx_Oracle's
+        # `statement` doesn't contain the query parameters. Substitute
+        # parameters manually.
+        if isinstance(params, (tuple, list)):
+            for i, param in enumerate(params):
+                statement = statement.replace(':arg%d' % i, force_str(param, errors='replace'))
+        elif isinstance(params, dict):
+            for key, param in params.items():
+                statement = statement.replace(':%s' % key, force_str(param, errors='replace'))
+        return statement
 
     def last_insert_id(self, cursor, table_name, pk_name):
         sq_name = self._get_sequence_name(cursor, strip_quotes(table_name), pk_name)
diff --git a/tests/backends/tests.py b/tests/backends/tests.py
index 6138a3626c..7d5dbe7a39 100644
--- a/tests/backends/tests.py
+++ b/tests/backends/tests.py
@@ -51,7 +51,7 @@ class DateQuotingTest(TestCase):
 @override_settings(DEBUG=True)
 class LastExecutedQueryTest(TestCase):
 
-    def test_last_executed_query(self):
+    def test_last_executed_query_without_previous_query(self):
         """
         last_executed_query should not raise an exception even if no previous
         query has been run.
@@ -73,6 +73,36 @@ class LastExecutedQueryTest(TestCase):
         last_sql = cursor.db.ops.last_executed_query(cursor, sql, params)
         self.assertIsInstance(last_sql, str)
 
+    def test_last_executed_query(self):
+        # last_executed_query() interpolate all parameters, in most cases it is
+        # not equal to QuerySet.query.
+        for qs in (
+            Article.objects.filter(pk=1),
+            Article.objects.filter(pk__in=(1, 2), reporter__pk=3),
+        ):
+            sql, params = qs.query.sql_with_params()
+            cursor = qs.query.get_compiler(DEFAULT_DB_ALIAS).execute_sql(CURSOR)
+            self.assertEqual(
+                cursor.db.ops.last_executed_query(cursor, sql, params),
+                str(qs.query),
+            )
+
+    @skipUnlessDBFeature('supports_paramstyle_pyformat')
+    def test_last_executed_query_dict(self):
+        square_opts = Square._meta
+        sql = 'INSERT INTO %s (%s, %s) VALUES (%%(root)s, %%(square)s)' % (
+            connection.introspection.identifier_converter(square_opts.db_table),
+            connection.ops.quote_name(square_opts.get_field('root').column),
+            connection.ops.quote_name(square_opts.get_field('square').column),
+        )
+        with connection.cursor() as cursor:
+            params = {'root': 2, 'square': 4}
+            cursor.execute(sql, params)
+            self.assertEqual(
+                cursor.db.ops.last_executed_query(cursor, sql, params),
+                sql % params,
+            )
+
 
 class ParameterHandlingTest(TestCase):