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Salesforce Com Inc Financials

CRM
Source SEC Filings (10-K/10-Q) Updated Apr 30, 2026 Currency USD FYE January

This page shows Salesforce Com Inc (CRM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CRM FY2026

Salesforce has shifted into a cash-rich software model, with margin gains driven mainly below gross profit.

Over the period, operating margin moved from 2.1% to 20.1% while gross margin changed far less. That spread, plus free cash flow of $14.4B on only $594M of capex, says most of the earnings improvement came after gross profit, with tighter overhead and low reinvestment doing much of the work.

Operating cash flow in FY2026 was $15.0B against net income of $7.5B, so reported earnings are turning into cash instead of being absorbed by accruals or heavy capital needs. That is why the business can fund shareholder returns largely from internally generated cash.

Goodwill reached $57.9B versus equity of $59.1B, which means the balance sheet was built largely through acquisitions rather than from tangible operating assets. Book value here reflects what past deals added to the franchise, not a warehouse of hard assets.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 58 / 100
Financial Profile 58/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Salesforce Com Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
64

Salesforce Com Inc has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 19.0% the prior year.

Growth
49

Salesforce Com Inc's revenue grew 9.6% year-over-year to $41.5B, a solid pace of expansion. This earns a growth score of 49/100.

Leverage
79

Salesforce Com Inc carries a low D/E ratio of 1.15, meaning only $1.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 79/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
10

Salesforce Com Inc's current ratio of 0.79 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
100

Salesforce Com Inc converts 34.7% of revenue into free cash flow ($14.4B). This strong cash generation earns a score of 100/100.

Returns
45

Salesforce Com Inc's ROE of 21.8% shows moderate profitability relative to equity, earning a score of 45/100. This is up from 10.2% the prior year.

Altman Z-Score Grey Zone
2.19

Salesforce Com Inc scores 2.19, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($156.5B) relative to total liabilities ($72.4B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Salesforce Com Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.01x

For every $1 of reported earnings, Salesforce Com Inc generates $2.01 in operating cash flow ($15.0B OCF vs $7.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
25.7x

Salesforce Com Inc earns $25.7 in operating income for every $1 of interest expense ($8.3B vs $324.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$41.5B
YoY+9.6%
5Y CAGR+14.3%
10Y CAGR+20.1%

Salesforce Com Inc generated $41.5B in revenue in fiscal year 2026. This represents an increase of 9.6% from the prior year.

EBITDA
$9.5B
YoY+16.2%
5Y CAGR+55.9%
10Y CAGR+31.0%

Salesforce Com Inc's EBITDA was $9.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.2% from the prior year.

Net Income
$7.5B
YoY+20.3%
5Y CAGR+12.9%

Salesforce Com Inc reported $7.5B in net income in fiscal year 2026. This represents an increase of 20.3% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
$14.4B
YoY+15.8%
5Y CAGR+28.6%
10Y CAGR+26.4%

Salesforce Com Inc generated $14.4B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 15.8% from the prior year.

Cash & Debt
$8.9B
YoY-18.2%
5Y CAGR+0.9%
10Y CAGR+17.4%

Salesforce Com Inc held $8.9B in cash against $39.3B in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
923M
YoY-4.0%
5Y CAGR+0.0%
10Y CAGR+3.1%

Salesforce Com Inc had 923M shares outstanding in fiscal year 2026. This represents a decrease of 4.0% from the prior year.

Margins & Returns

Gross Margin
77.7%
YoY+0.5pp
5Y CAGR+3.3pp
10Y CAGR+2.5pp

Salesforce Com Inc's gross margin was 77.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.

Operating Margin
20.1%
YoY+1.1pp
5Y CAGR+17.9pp
10Y CAGR+18.3pp

Salesforce Com Inc's operating margin was 20.1% in fiscal year 2026, reflecting core business profitability. This is up 1.1 percentage points from the prior year.

Net Margin
18.0%
YoY+1.6pp
5Y CAGR-1.2pp
10Y CAGR+18.7pp

Salesforce Com Inc's net profit margin was 18.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.

Return on Equity
21.8%
YoY+11.6pp
5Y CAGR+12.2pp
10Y CAGR+22.6pp

Salesforce Com Inc's ROE was 21.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 11.6 percentage points from the prior year.

Capital Allocation

R&D Spending
$6.0B
YoY+9.1%
5Y CAGR+10.7%
10Y CAGR+20.3%

Salesforce Com Inc invested $6.0B in research and development in fiscal year 2026. This represents an increase of 9.1% from the prior year.

Share Buybacks
$12.6B
YoY+60.9%

Salesforce Com Inc spent $12.6B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 60.9% from the prior year.

Capital Expenditures
$594.0M
YoY-9.7%
5Y CAGR-3.5%
10Y CAGR+7.6%

Salesforce Com Inc invested $594.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 9.7% from the prior year.

CRM Income Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $11.1B-0.6% $11.2B+9.2% $10.3B+0.2% $10.2B+4.1% $9.8B-1.6% $10.0B+5.8% $9.4B+1.3% $9.3B
Cost of Revenue $2.6B+2.5% $2.5B+11.2% $2.3B+0.6% $2.2B-1.0% $2.3B+2.2% $2.2B+5.3% $2.1B-2.5% $2.2B
Gross Profit $8.6B-1.5% $8.7B+8.6% $8.0B+0.1% $8.0B+5.7% $7.6B-2.7% $7.8B+6.0% $7.3B+2.4% $7.2B
R&D Expenses $1.6B+0.5% $1.6B+13.0% $1.4B-3.2% $1.5B+1.4% $1.5B+2.8% $1.4B+4.7% $1.4B+0.5% $1.3B
SG&A Expenses $740.0M-18.0% $902.0M+35.2% $667.0M-9.1% $734.0M+5.3% $697.0M-9.1% $767.0M+7.9% $711.0M0.0% $711.0M
Operating Income $2.3B+25.6% $1.9B-14.6% $2.2B-6.2% $2.3B+20.1% $1.9B+6.7% $1.8B-3.9% $1.9B+6.2% $1.8B
Interest Expense $317.0M+159.8% $122.0M+82.1% $67.0M0.0% $67.0M-1.5% $68.0M0.0% $68.0M+1.5% $67.0M-1.5% $68.0M
Income Tax $614.0M-10.4% $685.0M+60.8% $426.0M-17.9% $519.0M+19.9% $433.0M+54.6% $280.0M+27.9% $219.0M-46.3% $408.0M
Net Income $2.1B+8.4% $1.9B-6.9% $2.1B+10.5% $1.9B+22.5% $1.5B-9.8% $1.7B+11.9% $1.5B+6.9% $1.4B
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

CRM Balance Sheet

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $106.7B-5.0% $112.3B+18.0% $95.1B-2.5% $97.6B-1.1% $98.6B-4.2% $102.9B+12.6% $91.4B-0.9% $92.2B
Current Assets $21.6B-23.4% $28.2B+34.0% $21.1B-16.8% $25.3B-2.1% $25.9B-13.0% $29.7B+38.7% $21.4B-2.0% $21.9B
Cash & Equivalents $8.9B+21.9% $7.3B-18.4% $9.0B-13.4% $10.4B-5.2% $10.9B+23.5% $8.8B+10.6% $8.0B+4.1% $7.7B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $5.1B-64.6% $14.3B+161.9% $5.5B-2.2% $5.6B+28.5% $4.4B-63.5% $11.9B+152.0% $4.7B-12.1% $5.4B
Goodwill $59.3B+2.3% $57.9B+10.5% $52.5B+2.0% $51.4B+0.3% $51.3B0.0% $51.3B+4.5% $49.1B+0.3% $48.9B
Total Liabilities $72.4B+36.3% $53.2B+51.4% $35.1B-3.1% $36.2B-4.5% $37.9B-9.1% $41.8B+27.0% $32.9B-4.9% $34.5B
Current Liabilities $27.5B-25.9% $37.1B+73.4% $21.4B-5.0% $22.5B-6.9% $24.2B-13.5% $28.0B+44.4% $19.4B-7.7% $21.0B
Long-Term Debt $39.3B+276.3% $10.4B+23.7% $8.4B0.0% $8.4B0.0% $8.4B0.0% $8.4B0.0% $8.4B0.0% $8.4B
Total Equity $34.2B-42.1% $59.1B-1.5% $60.0B-2.1% $61.3B+1.1% $60.7B-0.8% $61.2B+4.5% $58.5B+1.5% $57.6B
Retained Earnings $24.0B+7.8% $22.2B+7.5% $20.7B+8.9% $19.0B+8.5% $17.5B+6.9% $16.4B+8.8% $15.0B+8.2% $13.9B

CRM Cash Flow Statement

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow $6.7B+22.6% $5.5B+135.9% $2.3B+213.0% $740.0M-88.6% $6.5B+63.1% $4.0B+100.2% $2.0B+122.3% $892.0M
Capital Expenditures $145.0M+2.8% $141.0M+1.4% $139.0M+3.0% $135.0M-24.6% $179.0M+16.2% $154.0M-24.5% $204.0M+48.9% $137.0M
Free Cash Flow $6.6B+23.2% $5.3B+144.5% $2.2B+259.8% $605.0M-90.4% $6.3B+65.0% $3.8B+114.5% $1.8B+135.6% $755.0M
Investing Cash Flow -$2.2B+74.9% -$8.7B-1777.6% $519.0M-55.5% $1.2B+174.3% -$1.6B+46.6% -$2.9B-1253.0% -$217.0M-108.2% $2.6B
Financing Cash Flow -$2.9B-283.9% $1.6B+137.4% -$4.2B-69.6% -$2.5B+14.3% -$2.9B-3900.0% -$73.0M+95.0% -$1.4B+75.1% -$5.8B
Dividends Paid $365.0M-7.6% $395.0M0.0% $395.0M-1.0% $399.0M-0.7% $402.0M+3.6% $388.0M+1.6% $382.0M-0.5% $384.0M
Share Buybacks $27.2B+592.1% $3.9B+3.6% $3.8B+70.8% $2.2B-15.5% $2.6B+3364.5% $76.0M-94.1% $1.3B-70.4% $4.3B

CRM Financial Ratios

Metric Q1'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 76.9%-0.7pp 77.6%-0.4pp 78.0%-0.1pp 78.1%+1.1pp 77.0%-0.9pp 77.8%+0.1pp 77.7%+0.9pp 76.8%
Operating Margin 21.1%+4.4pp 16.7%-4.6pp 21.3%-1.5pp 22.8%+3.0pp 19.8%+1.5pp 18.2%-1.8pp 20.0%+0.9pp 19.1%
Net Margin 18.9%+1.6pp 17.3%-3.0pp 20.3%+1.9pp 18.4%+2.7pp 15.7%-1.4pp 17.1%+0.9pp 16.2%+0.9pp 15.3%
Return on Equity 6.2%+2.9pp 3.3%-0.2pp 3.5%+0.4pp 3.1%+0.5pp 2.5%-0.3pp 2.8%+0.2pp 2.6%+0.1pp 2.5%
Return on Assets 2.0%+0.3pp 1.7%-0.5pp 2.2%+0.3pp 1.9%+0.4pp 1.6%-0.1pp 1.7%0.0pp 1.7%+0.1pp 1.6%
Current Ratio 0.79+0.0 0.76-0.2 0.98-0.1 1.12+0.1 1.070.0 1.06-0.0 1.11+0.1 1.04
Debt-to-Equity 1.15+1.0 0.18+0.0 0.140.0 0.140.0 0.140.0 0.140.0 0.140.0 0.15
FCF Margin 58.9%+11.4pp 47.5%+26.3pp 21.2%+15.3pp 5.9%-58.2pp 64.1%+25.9pp 38.2%+19.4pp 18.8%+10.7pp 8.1%

Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Salesforce Com Inc (CRM) reported $41.5B in total revenue for fiscal year 2026. This represents a 9.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Salesforce Com Inc (CRM) revenue grew by 9.6% year-over-year, from $37.9B to $41.5B in fiscal year 2026.

Yes, Salesforce Com Inc (CRM) reported a net income of $7.5B in fiscal year 2026, with a net profit margin of 18.0%.

Salesforce Com Inc (CRM) had EBITDA of $9.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Salesforce Com Inc (CRM) had $8.9B in cash and equivalents against $39.3B in long-term debt.

Salesforce Com Inc (CRM) had a gross margin of 77.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Salesforce Com Inc (CRM) had an operating margin of 20.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Salesforce Com Inc (CRM) had a net profit margin of 18.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Salesforce Com Inc (CRM) has a return on equity of 21.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Salesforce Com Inc (CRM) generated $14.4B in free cash flow during fiscal year 2026. This represents a 15.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Salesforce Com Inc (CRM) generated $15.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Salesforce Com Inc (CRM) had $106.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Salesforce Com Inc (CRM) invested $594.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Salesforce Com Inc (CRM) invested $6.0B in research and development during fiscal year 2026.

Yes, Salesforce Com Inc (CRM) spent $12.6B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Salesforce Com Inc (CRM) had 923M shares outstanding as of fiscal year 2026.

Salesforce Com Inc (CRM) had a current ratio of 0.79 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

Salesforce Com Inc (CRM) had a debt-to-equity ratio of 1.15 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Salesforce Com Inc (CRM) had a return on assets of 7.0% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Salesforce Com Inc (CRM) has an Altman Z-Score of 2.19, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Salesforce Com Inc (CRM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Salesforce Com Inc (CRM) has an earnings quality ratio of 2.01x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Salesforce Com Inc (CRM) has an interest coverage ratio of 25.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Salesforce Com Inc (CRM) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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