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6Mar 16, 2026·SEC
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Salesforce, Inc. (CRM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Salesforce, Inc. (CRM) stock price & volume — 10-year historical chart
Salesforce, Inc. (CRM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Salesforce, Inc. (CRM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $3.81vs $3.05+24.9% | $11.2Bvs $11.2B+0.1% |
| Q4 2025 | Dec 3, 2025 | $3.25vs $2.86+13.6% | $10.3Bvs $10.3B-0.1% |
| Q4 2025 | Sep 3, 2025 | $2.91vs $2.78+4.7% | $10.2Bvs $10.1B+0.9% |
| Q2 2025 | May 28, 2025 | $2.58vs $2.55+1.2% | $9.8Bvs $9.8B+0.7% |
Salesforce, Inc. (CRM) competitors in CRM and customer engagement software — business model, growth, and fundamentals comparison
Salesforce, Inc. (CRM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Salesforce, Inc. (CRM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 10.48B | 13.28B | 17.1B | 21.25B | 26.49B | 31.35B | 34.86B | 37.9B | 41.52B |
| Revenue Growth % | 24.88% | 26.74% | 28.73% | 24.3% | 24.66% | 18.35% | 11.18% | 8.72% | 9.58% |
| Cost of Goods Sold | 2.77B | 3.45B | 4.24B | 5.44B | 7.03B | 8.36B | 8.54B | 8.64B | 9.27B |
| COGS % of Revenue | 26.46% | 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 Expenses | 7.31B | 9.3B | 12.57B | 15.36B | 18.92B | 21.96B | 21.3B | 22.05B | 23.34B |
| OpEx % of Revenue | 69.78% | 69.99% | 73.49% | 72.27% | 71.41% | 70.05% | 61.12% | 58.18% | 56.2% |
| Selling, General & Admin | 5.76B | 7.41B | 9.63B | 11.76B | 14.45B | 16.08B | 15.41B | 16.09B | 17.34B |
| SG&A % of Revenue | 54.96% | 55.79% | 56.35% | 55.34% | 54.56% | 51.29% | 44.21% | 42.47% | 41.77% |
| Research & Development | 1.55B | 1.89B | 2.77B | 3.6B | 4.46B | 5.05B | 4.91B | 5.49B | 5.99B |
| R&D % of Revenue | 14.82% | 14.2% | 16.18% | 16.93% | 16.85% | 16.12% | 14.07% | 14.5% | 14.43% |
| Other Operating Expenses | 0 | 0 | 166M | 0 | 0 | 828M | 988M | 461M | 0 |
| 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% |
| EBITDA | 1.24B | 1.52B | 2.43B | 3.3B | 3.85B | 4.82B | 8.23B | 10.68B | 8.92B |
| 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) | 784M | 982M | 2.13B | 2.85B | 3.3B | 3.79B | 3.22B | 3.48B | 0 |
| EBIT | 454M | 535M | 463M | 455M | 548M | 1.86B | 6B | 7.67B | 8.92B |
| Net Interest Income | -50M | -93M | -14M | -126M | -220M | -287M | 0 | -272M | 0 |
| Interest Income | 37M | 61M | 117M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 87M | 154M | 131M | 126M | 220M | 287M | 0 | 272M | 0 |
| Other Income/Expense | -34M | 448M | 409M | 2.11B | 984M | -370M | -61M | 233M | 603M |
| 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 Tax | 60M | -127M | 580M | -1.51B | 88M | 452M | 814M | 1.24B | 2.06B |
| 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) | 360M | 1.11B | 126M | 4.07B | 1.44B | 208M | 4.14B | 6.2B | 7.46B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 0.18 | 1.48 | 0.15 | 4.48 | 1.51 | 0.21 | 4.25 | 6.44 | 7.85 |
| Diluted Shares Outstanding | 734.6M | 775M | 850M | 930M | 974M | 997M | 984M | 974M | 956M |
| Basic Shares Outstanding | 714.92M | 751M | 829M | 908M | 955M | 992M | 974M | 962M | 950M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 24.8% | 21.28% |
Salesforce, Inc. (CRM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 9.58B | 10.68B | 15.96B | 21.89B | 22.85B | 26.39B | 29.07B | 29.73B | 28.22B |
| Cash & Short-Term Investments | 4.52B | 4.34B | 7.95B | 11.97B | 10.54B | 12.51B | 14.19B | 14.03B | 9.56B |
| Cash Only | 2.54B | 2.67B | 4.14B | 6.2B | 5.46B | 7.02B | 8.47B | 8.85B | 7.33B |
| Short-Term Investments | 1.98B | 1.67B | 3.8B | 5.77B | 5.07B | 5.49B | 5.72B | 5.18B | 2.24B |
| Accounts Receivable | 3.92B | 4.92B | 6.17B | 7.79B | 9.74B | 10.76B | 11.41B | 11.95B | 14.34B |
| Days Sales Outstanding | 136.56 | 135.32 | 131.8 | 133.72 | 134.18 | 125.21 | 119.52 | 115.05 | 126.04 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 671M | 788M | 926M | 1.15B | 1.45B | 1.78B | 1.91B | 1.97B | 4.32B |
| Total Non-Current Assets | 12.4B | 20.05B | 39.16B | 44.41B | 72.36B | 72.45B | 70.75B | 73.2B | 84.08B |
| Property, Plant & Equipment | 1.95B | 2.05B | 5.42B | 5.66B | 5.7B | 6.59B | 6.05B | 5.39B | 5.12B |
| Fixed Asset Turnover | 5.38x | 6.48x | 3.16x | 3.75x | 4.65x | 4.76x | 5.76x | 7.03x | 8.11x |
| Goodwill | 7.31B | 12.85B | 25.13B | 26.32B | 47.94B | 48.57B | 48.62B | 51.28B | 57.94B |
| Intangible Assets | 973M | 2.62B | 4.72B | 4.11B | 8.98B | 7.13B | 5.28B | 4.43B | 6.82B |
| Long-Term Investments | 677M | 1.3B | 1.96B | 3.91B | 4.78B | 4.67B | 4.85B | 4.85B | 7.59B |
| Other Non-Current Assets | 1.45B | 1.23B | 1.35B | 1.72B | 2.34B | 2.7B | 2.52B | 2.48B | 2.98B |
| 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 Turnover | 0.48x | 0.43x | 0.31x | 0.32x | 0.28x | 0.32x | 0.35x | 0.37x | 0.37x |
| Asset Growth % | 25.02% | 39.82% | 79.35% | 20.27% | 43.6% | 3.82% | 0.99% | 3.11% | 9.11% |
| Total Current Liabilities | 10.07B | 11.26B | 14.85B | 17.73B | 21.79B | 25.89B | 26.63B | 27.98B | 37.12B |
| Accounts Payable | 76M | 2.69B | 3.43B | 4.36B | 0 | 0 | 0 | 0 | 0 |
| Days Payables Outstanding | 10 | 284.62 | 295.88 | 292.31 | - | - | - | - | - |
| Short-Term Debt | 1.02B | 3M | 0 | 0 | 4M | 1.18B | 999M | 0 | 4.55B |
| Deferred Revenue (Current) | 7B | 8.56B | 10.66B | 12.61B | 15.63B | 17.38B | 19B | 20.74B | 24.32B |
| Other Current Liabilities | 898.46M | 954M | 0 | 0 | 5.47B | 6.74B | 6.11B | 6.66B | 8.25B |
| Current Ratio | 0.95x | 0.95x | 1.08x | 1.23x | 1.05x | 1.02x | 1.09x | 1.06x | 0.76x |
| Quick Ratio | 0.95x | 0.95x | 1.08x | 1.23x | 1.05x | 1.02x | 1.09x | 1.06x | 0.76x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.54B | 3.88B | 6.4B | 7.08B | 15.29B | 14.6B | 13.55B | 13.78B | 16.05B |
| Long-Term Debt | 695M | 3.17B | 2.67B | 2.67B | 10.59B | 9.42B | 8.43B | 8.43B | 2.19B |
| Capital Lease Obligations | 677.42M | 193M | 2.44B | 2.84B | 2.7B | 2.9B | 2.64B | 2.38B | 0 |
| Deferred Tax Liabilities | 115.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 52.86M | 704M | 1.28B | 1.56B | 2B | 2.28B | 2.48B | 2.96B | 13.86B |
| Total Liabilities | 11.61B | 15.13B | 21.24B | 24.81B | 37.08B | 40.49B | 40.18B | 41.76B | 53.16B |
| Total Debt | 2.5B | 3.58B | 5.87B | 6.28B | 13.98B | 14.09B | 12.59B | 11.39B | 6.74B |
| Net Debt | -43.04M | 507M | 1.72B | 86M | 8.52B | 7.07B | 4.12B | 2.54B | -590M |
| Debt / Equity | 0.24x | 0.23x | 0.17x | 0.15x | 0.24x | 0.24x | 0.21x | 0.19x | 0.11x |
| Debt / EBITDA | 2.02x | 2.36x | 2.41x | 1.90x | 3.64x | 2.93x | 1.53x | 1.07x | 0.76x |
| Net Debt / EBITDA | -0.03x | 0.33x | 0.71x | 0.03x | 2.22x | 1.47x | 0.50x | 0.24x | -0.07x |
| Interest Coverage | 5.22x | 3.47x | 2.27x | 3.61x | 2.49x | 3.59x | - | 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 Share | 14.12 | 20.14 | 39.86 | 44.62 | 59.68 | 58.53 | 60.62 | 62.81 | 61.86 |
| Total Shareholders' Equity | 10.38B | 15.61B | 33.88B | 41.49B | 58.13B | 58.36B | 59.65B | 61.17B | 59.14B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 635M | 1.74B | 1.86B | 5.93B | 7.38B | 7.58B | 11.72B | 16.37B | 22.22B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -4B | -11.69B | -19.51B | 0 |
| Accumulated OCI | -12M | -58M | -93M | -42M | -166M | -274M | -225M | -266M | 313M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Salesforce, Inc. (CRM) cash flow — operating, investing & free cash flow history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.74B | 3.4B | 4.33B | 4.8B | 6B | 7.11B | 10.23B | 13.09B | 15B |
| 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 Income | 127.48M | 1.11B | 126M | 4.07B | 1.44B | 208M | 4.14B | 6.2B | 7.46B |
| Depreciation & Amortization | 752.6M | 962M | 2.13B | 2.85B | 3.3B | 3.79B | 3.96B | 3.48B | 3.63B |
| Stock-Based Compensation | 997.01M | 1.28B | 1.78B | 2.19B | 2.78B | 3.28B | 2.79B | 3.18B | 3.51B |
| Deferred Taxes | 0 | -542M | -261M | -2B | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 495.93M | 757M | 876M | -1.11B | 137M | 1.91B | 2.2B | 2.22B | 902M |
| Working Capital Changes | 364.94M | -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 Inventory | 24.14M | 155M | 120M | -963M | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 308.23M | 74M | 15M | 1.1B | 507M | 528M | -478M | 1.09B | 1.01B |
| 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 Revenue | 5.1% | 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 Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 221M | 2.01B | 164M | 1.19B | 7.84B | -3.56B | -7.48B | -9.43B | -8.08B |
| Debt Issued (Net) | -429M | 1.31B | -676M | -107M | 6.55B | -423M | -1.81B | -1.6B | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.54B | -1.59B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -4B | -7.62B | -7.83B | -12.6B |
| Other Financing | 650M | 704M | 840M | 1.3B | 1.29B | 861M | 1.95B | 1.54B | 6.1B |
| 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 Share | 3.00 | 3.62 | 4.34 | 4.40 | 5.42 | 6.33 | 9.65 | 12.77 | 15.06 |
| FCF Conversion (FCF/Net Income) | 7.61x | 3.06x | 34.37x | 1.18x | 4.16x | 34.19x | 2.47x | 2.11x | 2.01x |
| Interest Paid | 40M | 94M | 106M | 96M | 187M | 275M | 254M | 233M | 0 |
| Taxes Paid | 53M | 83M | 129M | 216M | 196M | 510M | 1.03B | 2.06B | 0 |
Salesforce, Inc. (CRM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 73.92% | 74.11% | 74.02% | 75.23% | 74.41% | 73.48% | 73.33% | 75.5% | 77.19% | 77.68% |
| Net Margin | 3.85% | 3.44% | 8.36% | 0.74% | 19.16% | 5.45% | 0.66% | 11.87% | 16.35% | 17.96% |
| Debt / Equity | 0.37x | 0.24x | 0.23x | 0.17x | 0.15x | 0.24x | 0.24x | 0.21x | 0.19x | 0.11x |
| Interest Coverage | 2.45x | 5.22x | 3.47x | 2.27x | 3.61x | 2.49x | 3.59x | - | 26.49x | - |
| FCF Conversion | 6.69x | 7.61x | 3.06x | 34.37x | 1.18x | 4.16x | 34.19x | 2.47x | 2.11x | 2.01x |
| Revenue Growth | 25.87% | 24.88% | 26.74% | 28.73% | 24.3% | 24.66% | 18.35% | 11.18% | 8.72% | 9.58% |
Salesforce, Inc. (CRM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 16, 2026·SEC
Mar 13, 2026·SEC
Mar 12, 2026·SEC
Mar 2, 2026·SEC
Salesforce, Inc. (CRM) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
Salesforce, Inc. (CRM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates