NYSE : CRM
Salesforce, Inc. — Financial statements
Technology · Software - Application · United States
Last price 229.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 188.61B
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Financial statements
Salesforce, Inc. (CRM) reported revenue of 43.94B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 43.94B | 41.52B | 37.90B | 34.86B | 31.35B | 26.49B |
| Cost of Revenue | 9.98B | 9.27B | 8.64B | 8.54B | 8.36B | 7.03B |
| Gross Profit | 33.96B | 32.26B | 29.25B | 26.32B | 22.99B | 19.47B |
| Selling, General & Admin | 18.14B | 17.34B | 16.09B | 15.41B | 16.08B | 14.45B |
| Research & Development | 6.37B | 5.99B | 5.49B | 4.91B | 5.05B | 4.46B |
| Operating Expenses | 24.50B | 23.34B | 21.59B | 20.32B | 21.13B | 18.92B |
| Operating Income | 9.46B | 8.92B | 7.67B | 6.00B | 1.86B | 548.00M |
| Interest Expense | -1.00B | -349.00M | -300.00M | -312.00M | -310.00M | |
| Interest & Investment Income | 426.00M | 539.00M | 647.00M | 527.00M | 199.00M | |
| Other Non Operating Income (Expenses) | 11.00M | -18.00M | 7.00M | 1.00M | -20.00M | -227.00M |
| EBT Excluding Unusual Items | 8.89B | 9.09B | 8.02B | 6.21B | 1.73B | 321.00M |
| Merger & Restructuring Charges | -720.00M | -586.00M | -461.00M | -988.00M | -828.00M | |
| Gain (Loss) on Sale of Investments | 4.25B | 1.02B | -121.00M | -277.00M | -239.00M | 1.21B |
| Pretax Income | 12.41B | 9.52B | 7.44B | 4.95B | 660.00M | 1.53B |
| Income Tax Expense | 2.75B | 2.06B | 1.24B | 814.00M | 452.00M | 88.00M |
| Net Income | 9.66B | 7.46B | 6.20B | 4.14B | 208.00M | 1.44B |
| Net Income to Common | 9.66B | 7.46B | 6.20B | 4.14B | 208.00M | 1.44B |
| Shares Outstanding (Basic) | 893.00M | 950.00M | 962.00M | 974.00M | 992.00M | 955.00M |
| Shares Outstanding (Diluted) | 895.50M | 956.00M | 974.00M | 984.00M | 997.00M | 974.00M |
| EPS (Basic) | 10.82 | 7.85 | 6.44 | 4.25 | 0.21 | 1.51 |
| EPS (Diluted) | 10.79 | 7.80 | 6.36 | 4.20 | 0.21 | 1.48 |
| Free Cash Flow | 15.15B | 14.40B | 12.43B | 9.50B | 6.31B | 5.28B |
| Free Cash Flow Per Share | 16.92 | 15.06 | 12.77 | 9.65 | 6.33 | 5.42 |
| Dividend Per Share | 1.71 | 1.66 | 1.60 | |||
| Gross Margin | 77.28% | 77.68% | 77.19% | 75.50% | 73.33% | 73.48% |
| Operating Margin | 21.52% | 21.47% | 20.23% | 17.21% | 5.93% | 2.07% |
| Profit Margin | 21.99% | 17.96% | 16.35% | 11.87% | 0.66% | 5.45% |
| Free Cash Flow Margin | 34.49% | 34.68% | 32.81% | 27.25% | 20.14% | 19.94% |
| EBITDA | 12.90B | 12.55B | 11.14B | 9.96B | 5.64B | 3.85B |
| EBITDA Margin | 29.36% | 30.22% | 29.40% | 28.57% | 18.00% | 14.52% |
| D&A For EBITDA | 3.44B | 3.63B | 3.48B | 3.96B | 3.79B | 3.30B |
| EBIT | 9.46B | 8.92B | 7.67B | 6.00B | 1.86B | 548.00M |
| EBIT Margin | 21.52% | 21.47% | 20.23% | 17.21% | 5.93% | 2.07% |
| Effective Tax Rate | 22.16% | 21.67% | 16.68% | 16.44% | 68.48% | 5.74% |
| Revenue as Reported | 43.94B | 41.52B | 37.90B | 34.86B | 31.35B | 26.49B |
| Advertising Expenses | 800.00M | 1.00B | 1.10B | 1.00B | 1.00B |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 8.31B | 7.33B | 8.85B | 8.47B | 7.02B | 5.46B |
| Short-Term Investments | 3.09B | 2.24B | 5.18B | 5.72B | 5.49B | 5.07B |
| Cash & Short-Term Investments | 11.40B | 9.56B | 14.03B | 14.19B | 12.51B | 10.54B |
| Accounts Receivable | 6.32B | 14.34B | 11.95B | 11.41B | 10.76B | 9.74B |
| Receivables | 6.32B | 14.34B | 11.95B | 11.41B | 10.76B | 9.74B |
| Prepaid Expenses | 2.29B | 2.24B | 1.78B | 1.56B | 1.36B | 1.12B |
| Other Current Assets | 2.07B | 2.08B | 1.97B | 1.91B | 1.78B | 1.45B |
| Total Current Assets | 22.08B | 28.22B | 29.73B | 29.07B | 26.39B | 22.85B |
| Property, Plant & Equipment | 4.83B | 5.12B | 5.39B | 6.05B | 6.59B | 5.70B |
| Long-Term Investments | 11.32B | 7.59B | 4.85B | 4.85B | 4.67B | 4.78B |
| Goodwill | 59.25B | 57.94B | 51.28B | 48.62B | 48.57B | 47.94B |
| Other Intangible Assets | 6.14B | 6.82B | 4.43B | 5.28B | 7.12B | 8.98B |
| Long-Term Deferred Tax Assets | 3.12B | 3.63B | 4.77B | 3.43B | 2.80B | 2.62B |
| Long-Term Deferred Charges | 2.87B | 2.98B | 2.48B | 2.52B | 2.70B | 2.34B |
| Total Assets | 109.62B | 112.31B | 102.93B | 99.82B | 98.85B | 95.21B |
| Accounts Payable | 4.67B | 4.68B | 3.52B | 3.12B | 3.28B | 2.96B |
| Accrued Expenses | 2.20B | 3.30B | 2.80B | 2.50B | 2.60B | 2.40B |
| Current Portion of Long-Term Debt | 4.00B | 999.00M | 1.18B | 4.00M | ||
| Current Portion of Leases | 678.00M | 823.00M | 916.00M | 890.00M | 847.00M | 800.00M |
| Current Unearned Revenue | 18.79B | 24.32B | 20.74B | 19.00B | 17.38B | 15.63B |
| Other Current Liabilities | 120.00M | 607.00M | ||||
| Total Current Liabilities | 26.34B | 37.12B | 27.98B | 26.63B | 25.89B | 21.79B |
| Long-Term Debt | 39.29B | 10.44B | 8.43B | 8.43B | 9.42B | 10.59B |
| Long-Term Leases | 2.41B | 2.45B | 2.72B | 3.25B | 3.43B | 2.97B |
| Other Long-Term Liabilities | 3.21B | 3.16B | 2.62B | 1.87B | 1.75B | 1.72B |
| Total Liabilities | 71.24B | 53.16B | 41.76B | 40.18B | 40.49B | 37.08B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 66.03B | 68.83B | 64.58B | 59.84B | 55.05B | 50.92B |
| Retained Earnings | 27.11B | 22.22B | 16.37B | 11.72B | 7.58B | 7.38B |
| Treasury Stock | -55.02B | -32.23B | -19.51B | -11.69B | -4.00B | |
| Comprehensive Income & Other | 263.00M | 313.00M | -266.00M | -225.00M | -274.00M | -166.00M |
| Shareholders' Equity | 38.38B | 59.14B | 61.17B | 59.65B | 58.36B | 58.13B |
| Total Liabilities & Equity | 109.62B | 112.31B | 102.93B | 99.82B | 98.85B | 95.21B |
| Total Debt | 42.38B | 17.71B | 12.07B | 13.56B | 14.88B | 14.37B |
| Net Cash (Debt) | -30.97B | -8.15B | 1.96B | 632.00M | -2.37B | -3.83B |
| Net Cash Per Share | -34.59 | -8.52 | 2.01 | 0.64 | -2.38 | -3.94 |
| Filing Date Shares Outstanding | 823.00M | 923.00M | 961.00M | 970.00M | 1.00B | 990.00M |
| Total Common Shares Outstanding | 823.00M | 929.00M | 962.00M | 971.00M | 981.00M | 989.00M |
| Working Capital | -4.25B | -8.90B | 1.75B | 2.44B | 504.00M | 1.06B |
| Book Value Per Share | 46.63 | 63.66 | 63.59 | 61.43 | 59.49 | 58.78 |
| Tangible Book Value | -27.01B | -5.61B | 5.46B | 5.75B | 2.67B | 1.22B |
| Tangible Book Value Per Share | -32.82 | -6.04 | 5.68 | 5.92 | 2.72 | 1.23 |
| Land | 357.00M | 293.00M | 293.00M | 293.00M | 293.00M | |
| Buildings | 500.00M | 492.00M | 490.00M | 489.00M | 487.00M | |
| Machinery | 2.92B | 3.06B | 2.88B | 2.76B | 1.85B | |
| Leasehold Improvements | 1.62B | 1.56B | 1.60B | 1.81B | 1.66B |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 9.66B | 7.46B | 6.20B | 4.14B | 208.00M | 1.44B |
| Depreciation & Amortization | 3.44B | 3.63B | 3.48B | 3.96B | 3.79B | 3.30B |
| Other Amortization | 2.76B | 2.20B | 2.10B | 1.93B | 1.67B | 1.35B |
| Loss (Gain) From Sale of Investments | -4.25B | -1.02B | 121.00M | 277.00M | 239.00M | -1.21B |
| Stock-Based Compensation | 3.67B | 3.51B | 3.18B | 2.79B | 3.28B | 2.78B |
| Change in Accounts Receivable | -474.00M | -2.16B | -490.00M | -659.00M | -995.00M | -1.82B |
| Change in Accounts Payable | 1.23B | 1.01B | 1.09B | -478.00M | 528.00M | 507.00M |
| Change in Unearned Revenue | 1.54B | 2.92B | 1.58B | 1.62B | 1.74B | 2.63B |
| Change in Other Net Operating Assets | -1.83B | -2.56B | -4.16B | -3.34B | -3.35B | -2.97B |
| Operating Cash Flow | 15.75B | 15.00B | 13.09B | 10.23B | 7.11B | 6.00B |
| Capital Expenditures | -596.00M | -594.00M | -658.00M | -736.00M | -798.00M | -717.00M |
| Cash Acquisitions | -10.72B | -9.27B | -2.73B | -82.00M | -439.00M | -14.88B |
| Investment in Securities | -254.00M | 1.27B | 229.00M | -509.00M | -752.00M | 1.06B |
| Investing Cash Flow | -11.57B | -8.59B | -3.16B | -1.33B | -1.99B | -14.54B |
| Long-Term Debt Issued | 6.00B | 7.91B | ||||
| Long-Term Debt Repaid | -584.00M | -1.60B | -1.81B | -423.00M | -1.36B | |
| Net Debt Issued (Repaid) | 30.23B | 5.42B | -1.60B | -1.81B | -423.00M | 6.55B |
| Issuance of Common Stock | 822.00M | 1.04B | 1.54B | 1.95B | 861.00M | 1.29B |
| Repurchase of Common Stock | -35.74B | -12.95B | -7.83B | -7.62B | -4.00B | |
| Common Dividends Paid | -1.51B | -1.59B | -1.54B | |||
| Financing Cash Flow | -6.20B | -8.08B | -9.43B | -7.48B | -3.56B | 7.84B |
| Foreign Exchange Rate Adjustments | -38.00M | 152.00M | -124.00M | 26.00M | -8.00M | -33.00M |
| Net Cash Flow | -2.06B | -1.52B | 376.00M | 1.46B | 1.55B | -731.00M |
| Free Cash Flow | 15.15B | 14.40B | 12.43B | 9.50B | 6.31B | 5.28B |
| Free Cash Flow Margin | 34.49% | 34.68% | 32.81% | 27.25% | 20.14% | 19.94% |
| Free Cash Flow Per Share | 16.92 | 15.06 | 12.77 | 9.65 | 6.33 | 5.42 |
| Levered Free Cash Flow | 17.73B | 16.37B | 14.21B | 11.38B | 10.21B | 8.72B |
| Unlevered Free Cash Flow | 18.36B | 16.59B | 14.40B | 11.57B | 10.40B | 8.72B |
| Cash Interest Paid | 401.00M | 276.00M | 233.00M | 254.00M | 275.00M | 187.00M |
| Cash Income Tax Paid | 753.00M | 1.28B | 2.06B | 1.03B | 510.00M | 196.00M |
| Change in Working Capital | 465.00M | -781.00M | -1.98B | -2.85B | -2.07B | -1.66B |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 188.30B | 198.92B | 327.01B | 272.10B | 166.46B | 229.14B |
| Enterprise Value | 219.28B | 199.23B | 326.43B | 273.99B | 169.18B | 234.09B |
| Last Close Price | 229.17 | 210.84 | 337.17 | 275.82 | 164.82 | 228.27 |
| PE Ratio | 21.20 | 26.68 | 52.77 | 65.79 | 800.28 | 158.69 |
| Forward PE | 15.60 | 16.77 | 31.67 | 30.40 | 29.97 | 55.99 |
| PS Ratio | 4.33 | 4.79 | 8.63 | 7.81 | 5.31 | 8.65 |
| PB Ratio | 4.91 | 3.36 | 5.35 | 4.56 | 2.85 | 3.94 |
| P/TBV Ratio | 59.87 | 47.34 | 62.44 | 188.44 | ||
| P/FCF Ratio | 12.54 | 13.81 | 26.30 | 28.65 | 26.37 | 43.37 |
| P/OCF Ratio | 12.07 | 13.27 | 24.98 | 26.59 | 23.41 | 38.19 |
| PEG Ratio | 0.88 | 0.99 | 2.03 | 1.24 | 1.49 | 2.41 |
| EV/Sales Ratio | 5.03 | 4.80 | 8.61 | 7.86 | 5.40 | 8.84 |
| EV/EBITDA Ratio | 17.14 | 15.88 | 29.29 | 27.52 | 29.98 | 60.87 |
| EV/EBIT Ratio | 23.38 | 22.34 | 42.58 | 45.67 | 91.06 | 427.17 |
| EV/FCF Ratio | 14.59 | 13.83 | 26.25 | 28.85 | 26.80 | 44.31 |
| Debt / Equity Ratio | 1.10 | 0.30 | 0.20 | 0.23 | 0.26 | 0.25 |
| Debt / EBITDA Ratio | 3.14 | 1.35 | 1.02 | 1.23 | 2.24 | 2.92 |
| Debt / FCF Ratio | 2.80 | 1.23 | 0.97 | 1.43 | 2.36 | 2.72 |
| Net Debt / Equity Ratio | 0.81 | 0.14 | -0.03 | -0.01 | 0.04 | 0.07 |
| Net Debt / EBITDA Ratio | 2.40 | 0.65 | -0.18 | -0.06 | 0.42 | 1.00 |
| Net Debt / FCF Ratio | 2.04 | 0.57 | -0.16 | -0.07 | 0.38 | 0.73 |
| Asset Turnover | 0.42 | 0.39 | 0.37 | 0.35 | 0.32 | 0.33 |
| Quick Ratio | 0.67 | 0.64 | 0.93 | 0.96 | 0.90 | 0.93 |
| Current Ratio | 0.84 | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 |
| Return on Equity (ROE) | 19.38% | 12.40% | 10.26% | 7.01% | 0.36% | 2.90% |
| Return on Assets (ROA) | 5.70% | 5.18% | 4.73% | 3.77% | 1.20% | 0.42% |
| Return on Invested Capital (ROIC) | 10.96% | 11.04% | 10.80% | 8.37% | 0.95% | 1.05% |
| Return on Capital Employed (ROCE) | 11.40% | 11.90% | 10.20% | 8.20% | 2.50% | 0.70% |
| Earnings Yield | 4.72% | 3.75% | 1.90% | 1.52% | 0.12% | 0.63% |
| FCF Yield | 7.97% | 7.24% | 3.80% | 3.49% | 3.79% | 2.31% |
| Dividend Yield | 0.77% | 0.78% | 0.47% | |||
| Payout Ratio | 16.31% | 21.28% | 24.80% | |||
| Buyback Yield / Dilution | 7.44% | 1.85% | 1.02% | 1.30% | -2.36% | -4.73% |
| Total Shareholder Return | 8.20% | 2.62% | 1.49% | 1.30% | -2.36% | -4.73% |