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CRM logoSalesforce, Inc.(CRM)Earnings, Financials & Key Ratios

CRM•NYSE
$186.99
$179.88B mkt cap·24.0× P/E·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryCRM and customer engagement software
AboutSalesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale. Its service offerings also comprise flexible platform that enables companies of various sizes, locations, and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. In addition, the company's service offerings include Marketing offering that enables companies to plan, personalize, and optimize one-to-one customer marketing journeys; and Commerce offering, which empowers brands to unify the customer experience across mobile, web, social, and store commerce points. Further, its service offerings comprise Tableau, an end-to-end analytics solution serving various enterprise use cases; and MuleSoft, an integration offering that allows its customers to unlock data across their enterprise. The company provides its service offering for customers in financial services, healthcare and life sciences, manufacturing, and other industries. It also offers professional services; and in-person and online courses to certify its customers and partners on architecting, administering, deploying, and developing its service offerings. The company provides its services through direct sales; and consulting firms, systems integrators, and other partners. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.Show more
  • Revenue$41.52B+9.6%
  • EBITDA$8.92B-16.5%
  • Net Income$7.46B+20.3%
  • EPS (Diluted)7.80+22.6%
  • Gross Margin77.68%+0.6%
  • EBITDA Margin21.47%-23.8%
  • Operating Margin21.47%+12.9%
  • Net Margin17.96%+9.8%
  • ROE12.4%+20.8%
  • ROIC10.94%+29.0%
  • Debt/Equity0.11-38.8%
Analysis→Technical→

CRM Key Insights

Salesforce, Inc. (CRM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓FCF machine: 34.7% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 14.3%
  • ✓Healthy 5Y average net margin of 10.5%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CRM Price & Volume

Salesforce, Inc. (CRM) stock price & volume — 10-year historical chart

Loading chart...

CRM Growth Metrics

Salesforce, Inc. (CRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years20.07%
5 Years14.34%
3 Years9.82%
TTM9.58%

Profit CAGR

10 Years-
5 Years12.86%
3 Years229.74%
TTM20.33%

EPS CAGR

10 Years-
5 Years12.23%
3 Years233.65%
TTM22.64%

Return on Capital

10 Years4.28%
5 Years6.15%
3 Years9.49%
Last Year11.88%

CRM Recent Earnings

Salesforce, Inc. (CRM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 9/12 qtrs (75%)
Q1 2026Latest
Feb 25, 2026
EPS
$3.81
Est $3.05
+24.9%
Revenue
$11.2B
Est $11.2B
+0.1%
Q4 2025
Dec 3, 2025
EPS
$3.25
Est $2.86
+13.6%
Revenue
$10.3B
Est $10.3B
-0.1%
Q4 2025
Sep 3, 2025
EPS
$2.91
Est $2.78
+4.7%
Revenue
$10.2B
Est $10.1B
+0.9%
Q2 2025
May 28, 2025
EPS
$2.58
Est $2.55
+1.2%
Revenue
$9.8B
Est $9.8B
+0.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$3.81vs $3.05+24.9%
$11.2Bvs $11.2B+0.1%
Q4 2025Dec 3, 2025
$3.25vs $2.86+13.6%
$10.3Bvs $10.3B-0.1%
Q4 2025Sep 3, 2025
$2.91vs $2.78+4.7%
$10.2Bvs $10.1B+0.9%
Q2 2025May 28, 2025
$2.58vs $2.55+1.2%
$9.8Bvs $9.8B+0.7%
Based on last 12 quarters of dataView full earnings history →

CRM Peer Comparison

Salesforce, Inc. (CRM) competitors in CRM and customer engagement software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SAP logoSAPSAP SEDirect Competitor200.87B172.3924.527.68%19.12%15.67%4.64%0.18
ORCL logoORCLOracle CorporationDirect Competitor533.17B185.4542.738.38%25.3%56.31%4.96
MSFT logoMSFTMicrosoft CorporationDirect Competitor3.06T411.3530.1614.93%39.34%33.13%2.34%0.33
NOW logoNOWServiceNow, Inc.Direct Competitor95.34B92.0155.1020.88%12.59%14.98%4.8%0.25
WDAY logoWDAYWorkday, Inc.Direct Competitor33.95B128.8849.9513.1%7.26%8.88%8.18%0.11
ADBE logoADBEAdobe Inc.Direct Competitor105.57B255.6215.3110.53%29.48%62.31%9.33%0.57
HUBS logoHUBSHubSpot, Inc.Product Competitor12.67B246.08286.1419.17%1.47%2.3%5.59%0.23
DDOG logoDDOGDatadog, Inc.Product Competitor47.43B145.73485.7727.68%3.14%2.89%2.11%0.41

Compare CRM vs Peers

Salesforce, Inc. (CRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAP

Most directly comparable listed peer for CRM.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare CRM against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAP, ORCL, MSFT, NOW

CRM Income Statement

Salesforce, Inc. (CRM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Sales/Revenue10.48B13.28B17.1B21.25B26.49B31.35B34.86B37.9B41.52B
Revenue Growth %24.88%26.74%28.73%24.3%24.66%18.35%11.18%8.72%9.58%
Cost of Goods Sold2.77B3.45B4.24B5.44B7.03B8.36B8.54B8.64B9.27B
COGS % of Revenue26.46%25.98%24.77%25.59%26.52%26.66%24.5%22.81%22.32%
Gross Profit
7.77B▲ 0%
9.83B▲ 26.6%
12.86B▲ 30.8%
15.81B▲ 22.9%
19.47B▲ 23.1%
22.99B▲ 18.1%
26.32B▲ 14.5%
29.25B▲ 11.2%
32.26B▲ 10.3%
Gross Margin %74.11%74.02%75.23%74.41%73.48%73.33%75.5%77.19%77.68%
Gross Profit Growth %25.21%26.57%30.84%22.94%23.09%18.11%14.46%11.16%10.27%
Operating Expenses7.31B9.3B12.57B15.36B18.92B21.96B21.3B22.05B23.34B
OpEx % of Revenue69.78%69.99%73.49%72.27%71.41%70.05%61.12%58.18%56.2%
Selling, General & Admin5.76B7.41B9.63B11.76B14.45B16.08B15.41B16.09B17.34B
SG&A % of Revenue54.96%55.79%56.35%55.34%54.56%51.29%44.21%42.47%41.77%
Research & Development1.55B1.89B2.77B3.6B4.46B5.05B4.91B5.49B5.99B
R&D % of Revenue14.82%14.2%16.18%16.93%16.85%16.12%14.07%14.5%14.43%
Other Operating Expenses00166M00828M988M461M0
Operating Income
454M▲ 0%
535M▲ 17.8%
297M▼ 44.5%
455M▲ 53.2%
548M▲ 20.4%
1.03B▲ 88.0%
5.01B▲ 386.5%
7.21B▲ 43.8%
8.92B▲ 23.8%
Operating Margin %4.33%4.03%1.74%2.14%2.07%3.29%14.38%19.01%21.47%
Operating Income Growth %108.26%17.84%-44.49%53.2%20.44%87.96%386.5%43.78%23.76%
EBITDA1.24B1.52B2.43B3.3B3.85B4.82B8.23B10.68B8.92B
EBITDA Margin %11.81%11.42%14.22%15.53%14.52%15.36%23.62%28.19%21.47%
EBITDA Growth %45.65%22.54%60.32%35.73%16.51%25.22%70.95%29.75%-16.52%
D&A (Non-Cash Add-back)784M982M2.13B2.85B3.3B3.79B3.22B3.48B0
EBIT454M535M463M455M548M1.86B6B7.67B8.92B
Net Interest Income-50M-93M-14M-126M-220M-287M0-272M0
Interest Income37M61M117M000000
Interest Expense87M154M131M126M220M287M0272M0
Other Income/Expense-34M448M409M2.11B984M-370M-61M233M603M
Pretax Income
420M▲ 0%
983M▲ 134.0%
706M▼ 28.2%
2.56B▲ 262.7%
1.53B▼ 40.2%
660M▼ 56.9%
4.95B▲ 650.0%
7.44B▲ 50.3%
9.52B▲ 28.0%
Pretax Margin %4.01%7.4%4.13%12.05%5.78%2.11%14.2%19.63%22.93%
Income Tax60M-127M580M-1.51B88M452M814M1.24B2.06B
Effective Tax Rate %14.29%-12.92%82.15%-59%5.74%68.48%16.44%16.68%21.67%
Net Income
360M▲ 0%
1.11B▲ 208.3%
126M▼ 88.6%
4.07B▲ 3131.7%
1.44B▼ 64.5%
208M▼ 85.6%
4.14B▲ 1888.5%
6.2B▲ 49.8%
7.46B▲ 20.3%
Net Margin %3.44%8.36%0.74%19.16%5.45%0.66%11.87%16.35%17.96%
Net Income Growth %11.46%208.33%-88.65%3131.75%-64.54%-85.6%1888.46%49.83%20.33%
Net Income (Continuing)360M1.11B126M4.07B1.44B208M4.14B6.2B7.46B
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
0.17▲ 0%
1.43▲ 741.2%
0.15▼ 89.5%
4.38▲ 2820.0%
1.48▼ 66.2%
0.21▼ 85.8%
4.20▲ 1900.0%
6.36▲ 51.4%
7.80▲ 22.6%
EPS Growth %-34.62%741.18%-89.51%2820%-66.21%-85.81%1900%51.43%22.64%
EPS (Basic)0.181.480.154.481.510.214.256.447.85
Diluted Shares Outstanding734.6M775M850M930M974M997M984M974M956M
Basic Shares Outstanding714.92M751M829M908M955M992M974M962M950M
Dividend Payout Ratio-------24.8%21.28%

CRM Balance Sheet

Salesforce, Inc. (CRM) balance sheet — assets, liabilities & shareholders' equity

Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Total Current Assets9.58B10.68B15.96B21.89B22.85B26.39B29.07B29.73B28.22B
Cash & Short-Term Investments4.52B4.34B7.95B11.97B10.54B12.51B14.19B14.03B9.56B
Cash Only2.54B2.67B4.14B6.2B5.46B7.02B8.47B8.85B7.33B
Short-Term Investments1.98B1.67B3.8B5.77B5.07B5.49B5.72B5.18B2.24B
Accounts Receivable3.92B4.92B6.17B7.79B9.74B10.76B11.41B11.95B14.34B
Days Sales Outstanding136.56135.32131.8133.72134.18125.21119.52115.05126.04
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets671M788M926M1.15B1.45B1.78B1.91B1.97B4.32B
Total Non-Current Assets12.4B20.05B39.16B44.41B72.36B72.45B70.75B73.2B84.08B
Property, Plant & Equipment1.95B2.05B5.42B5.66B5.7B6.59B6.05B5.39B5.12B
Fixed Asset Turnover5.38x6.48x3.16x3.75x4.65x4.76x5.76x7.03x8.11x
Goodwill7.31B12.85B25.13B26.32B47.94B48.57B48.62B51.28B57.94B
Intangible Assets973M2.62B4.72B4.11B8.98B7.13B5.28B4.43B6.82B
Long-Term Investments677M1.3B1.96B3.91B4.78B4.67B4.85B4.85B7.59B
Other Non-Current Assets1.45B1.23B1.35B1.72B2.34B2.7B2.52B2.48B2.98B
Total Assets
21.98B▲ 0%
30.74B▲ 39.8%
55.13B▲ 79.3%
66.3B▲ 20.3%
95.21B▲ 43.6%
98.85B▲ 3.8%
99.82B▲ 1.0%
102.93B▲ 3.1%
112.31B▲ 9.1%
Asset Turnover0.48x0.43x0.31x0.32x0.28x0.32x0.35x0.37x0.37x
Asset Growth %25.02%39.82%79.35%20.27%43.6%3.82%0.99%3.11%9.11%
Total Current Liabilities10.07B11.26B14.85B17.73B21.79B25.89B26.63B27.98B37.12B
Accounts Payable76M2.69B3.43B4.36B00000
Days Payables Outstanding10284.62295.88292.31-----
Short-Term Debt1.02B3M004M1.18B999M04.55B
Deferred Revenue (Current)7B8.56B10.66B12.61B15.63B17.38B19B20.74B24.32B
Other Current Liabilities898.46M954M005.47B6.74B6.11B6.66B8.25B
Current Ratio0.95x0.95x1.08x1.23x1.05x1.02x1.09x1.06x0.76x
Quick Ratio0.95x0.95x1.08x1.23x1.05x1.02x1.09x1.06x0.76x
Cash Conversion Cycle---------
Total Non-Current Liabilities1.54B3.88B6.4B7.08B15.29B14.6B13.55B13.78B16.05B
Long-Term Debt695M3.17B2.67B2.67B10.59B9.42B8.43B8.43B2.19B
Capital Lease Obligations677.42M193M2.44B2.84B2.7B2.9B2.64B2.38B0
Deferred Tax Liabilities115.72M00000000
Other Non-Current Liabilities52.86M704M1.28B1.56B2B2.28B2.48B2.96B13.86B
Total Liabilities11.61B15.13B21.24B24.81B37.08B40.49B40.18B41.76B53.16B
Total Debt2.5B3.58B5.87B6.28B13.98B14.09B12.59B11.39B6.74B
Net Debt-43.04M507M1.72B86M8.52B7.07B4.12B2.54B-590M
Debt / Equity0.24x0.23x0.17x0.15x0.24x0.24x0.21x0.19x0.11x
Debt / EBITDA2.02x2.36x2.41x1.90x3.64x2.93x1.53x1.07x0.76x
Net Debt / EBITDA-0.03x0.33x0.71x0.03x2.22x1.47x0.50x0.24x-0.07x
Interest Coverage5.22x3.47x2.27x3.61x2.49x3.59x-26.49x-
Total Equity
10.38B▲ 0%
15.61B▲ 50.4%
33.88B▲ 117.1%
41.49B▲ 22.5%
58.13B▲ 40.1%
58.36B▲ 0.4%
59.65B▲ 2.2%
61.17B▲ 2.6%
59.14B▼ 3.3%
Equity Growth %38.34%50.4%117.14%22.45%40.1%0.39%2.21%2.56%-3.32%
Book Value per Share14.1220.1439.8644.6259.6858.5360.6262.8161.86
Total Shareholders' Equity10.38B15.61B33.88B41.49B58.13B58.36B59.65B61.17B59.14B
Common Stock1M1M1M1M1M1M1M1M1M
Retained Earnings635M1.74B1.86B5.93B7.38B7.58B11.72B16.37B22.22B
Treasury Stock00000-4B-11.69B-19.51B0
Accumulated OCI-12M-58M-93M-42M-166M-274M-225M-266M313M
Minority Interest000000000

CRM Cash Flow Statement

Salesforce, Inc. (CRM) cash flow — operating, investing & free cash flow history

Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Cash from Operations2.74B3.4B4.33B4.8B6B7.11B10.23B13.09B15B
Operating CF Margin %26.13%25.58%25.33%22.59%22.65%22.68%29.36%34.55%36.11%
Operating CF Growth %26.63%24.11%27.46%10.85%24.97%18.52%43.92%27.93%14.54%
Net Income127.48M1.11B126M4.07B1.44B208M4.14B6.2B7.46B
Depreciation & Amortization752.6M962M2.13B2.85B3.3B3.79B3.96B3.48B3.63B
Stock-Based Compensation997.01M1.28B1.78B2.19B2.78B3.28B2.79B3.18B3.51B
Deferred Taxes0-542M-261M-2B00000
Other Non-Cash Items495.93M757M876M-1.11B137M1.91B2.2B2.22B902M
Working Capital Changes364.94M-172M-330M-1.19B-1.66B-2.07B-2.85B-1.98B-503M
Change in Receivables-720.02M-923M-1B-1.56B-1.82B-995M-659M-490M-2.16B
Change in Inventory24.14M155M120M-963M00000
Change in Payables308.23M74M15M1.1B507M528M-478M1.09B1.01B
Cash from Investing-2.01B-5.31B-2.98B-3.97B-14.54B-1.99B-1.33B-3.16B-8.59B
Capital Expenditures-534.03M-595M-643M-710M-717M-798M-736M-658M-594M
CapEx % of Revenue5.1%4.48%3.76%3.34%2.71%2.55%2.11%1.74%1.43%
Acquisitions-25.39M-5.12B-369M-1.28B-14.88B-439M-82M-2.73B-9.27B
Investments---------
Other Investing000000000
Cash from Financing221M2.01B164M1.19B7.84B-3.56B-7.48B-9.43B-8.08B
Debt Issued (Net)-429M1.31B-676M-107M6.55B-423M-1.81B-1.6B0
Equity Issued (Net)00000-1000K-1000K-1000K-1000K
Dividends Paid0000000-1.54B-1.59B
Share Repurchases00000-4B-7.62B-7.83B-12.6B
Other Financing650M704M840M1.3B1.29B861M1.95B1.54B6.1B
Net Change in Cash
936.93M▲ 0%
126M▼ 86.6%
1.48B▲ 1071.4%
2.05B▲ 38.9%
-731M▼ 135.7%
1.55B▲ 312.3%
1.46B▼ 6.2%
376M▼ 74.2%
-1.52B▼ 504.5%
Free Cash Flow
2.2B▲ 0%
2.8B▲ 27.2%
3.69B▲ 31.6%
4.09B▲ 10.9%
5.28B▲ 29.1%
6.31B▲ 19.5%
9.5B▲ 50.5%
12.43B▲ 30.9%
14.4B▲ 15.8%
FCF Margin %21.03%21.1%21.57%19.25%19.94%20.14%27.25%32.81%34.68%
FCF Growth %29.78%27.18%31.57%10.93%29.14%19.5%50.45%30.91%15.83%
FCF per Share3.003.624.344.405.426.339.6512.7715.06
FCF Conversion (FCF/Net Income)7.61x3.06x34.37x1.18x4.16x34.19x2.47x2.11x2.01x
Interest Paid40M94M106M96M187M275M254M233M0
Taxes Paid53M83M129M216M196M510M1.03B2.06B0

CRM Key Ratios

Salesforce, Inc. (CRM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2017201820192020202120222023202420252026
Return on Equity (ROE)5.17%4.03%8.54%0.51%10.8%2.9%0.36%7.01%10.26%12.4%
Return on Invested Capital (ROIC)2.24%3.58%2.99%0.85%0.88%0.76%1.17%5.82%8.48%10.94%
Gross Margin73.92%74.11%74.02%75.23%74.41%73.48%73.33%75.5%77.19%77.68%
Net Margin3.85%3.44%8.36%0.74%19.16%5.45%0.66%11.87%16.35%17.96%
Debt / Equity0.37x0.24x0.23x0.17x0.15x0.24x0.24x0.21x0.19x0.11x
Interest Coverage2.45x5.22x3.47x2.27x3.61x2.49x3.59x-26.49x-
FCF Conversion6.69x7.61x3.06x34.37x1.18x4.16x34.19x2.47x2.11x2.01x
Revenue Growth25.87%24.88%26.74%28.73%24.3%24.66%18.35%11.18%8.72%9.58%

CRM SEC Filings & Documents

Salesforce, Inc. (CRM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 16, 2026·SEC

Material company update

Mar 13, 2026·SEC

Material company update

Mar 12, 2026·SEC

10-K Annual Reports

1
FY 2026

Mar 2, 2026·SEC

10-Q Quarterly Reports

2
FY 2025

Dec 4, 2025·SEC

FY 2025

Sep 4, 2025·SEC

CRM Frequently Asked Questions

Salesforce, Inc. (CRM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Salesforce, Inc. (CRM) reported $41.52B in revenue for fiscal year 2026. This represents a 81336% increase from $51.0M in 2003.

Salesforce, Inc. (CRM) grew revenue by 9.6% over the past year. This is steady growth.

Yes, Salesforce, Inc. (CRM) is profitable, generating $7.46B in net income for fiscal year 2026 (18.0% net margin).

Dividend & Returns

Yes, Salesforce, Inc. (CRM) pays a dividend with a yield of 0.89%. This makes it attractive for income-focused investors.

Salesforce, Inc. (CRM) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

Salesforce, Inc. (CRM) generated $14.40B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CRM

Salesforce, Inc. (CRM) financial analysis — history, returns, DCA and operating performance tools

Full CRM Stock Analysis

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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