Salesforce Com Inc Financials

CRM

Source SEC Filings (10-K/10-Q) Updated Jan 31, 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).

Financial Health Signals

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

N/A

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

N/A

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	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$41.5B+9.6%	$37.9B+8.7%	$34.9B+11.2%	$31.4B+18.3%	$26.5B+24.7%	$21.3B
Cost of Revenue	$9.3B+7.3%	$8.6B+1.2%	$8.5B+2.2%	$8.4B+19.0%	$7.0B+29.2%	$5.4B
Gross Profit	$32.3B+10.3%	$29.3B+11.2%	$26.3B+14.5%	$23.0B+18.1%	$19.5B+23.1%	$15.8B
R&D Expenses	$6.0B+9.1%	$5.5B+12.0%	$4.9B-2.9%	$5.1B+13.2%	$4.5B+24.1%	$3.6B
SG&A Expenses	$3.0B+5.8%	$2.8B+11.9%	$2.5B-0.7%	$2.6B-1.7%	$2.6B+24.5%	$2.1B
Operating Income	$8.3B+15.6%	$7.2B+43.8%	$5.0B+386.5%	$1.0B+88.0%	$548.0M+20.4%	$455.0M
Interest Expense	$324.0M+19.1%	$272.0M-3.9%	$283.0M-5.7%	$300.0M+38.9%	$216.0M+96.4%	$110.0M
Income Tax	$2.1B+66.2%	$1.2B+52.5%	$814.0M+80.1%	$452.0M+413.6%	$88.0M+105.8%	-$1.5B
Net Income	$7.5B+20.3%	$6.2B+49.8%	$4.1B+1888.5%	$208.0M-85.6%	$1.4B-64.5%	$4.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$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+2.1%	$9.1B
Cost of Revenue	$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-0.1%	$2.2B
Gross Profit	$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+2.8%	$7.0B
R&D Expenses	$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-1.4%	$1.4B
SG&A Expenses	$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+9.9%	$647.0M
Operating Income	$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+4.3%	$1.7B
Interest Expense	$122.0M+82.1%	$67.0M0.0%	$67.0M-1.5%	$68.0M0.0%	$68.0M+1.5%	$67.0M-1.5%	$68.0M-1.4%	$69.0M
Income Tax	$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+22.2%	$334.0M
Net Income	$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-6.8%	$1.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CRM Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	N/A	$98.6B+2.5%	$96.2B+2.8%	$93.5B+0.6%	$93.0B+43.4%	$64.9B
Current Assets	N/A	$25.9B+1.0%	$25.6B+16.5%	$22.0B+7.7%	$20.4B-0.2%	$20.4B
Cash & Equivalents	N/A	$10.9B+9.7%	$10.0B+8.8%	$9.2B+33.5%	$6.9B-19.7%	$8.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$4.4B+1.9%	$4.3B-7.8%	$4.6B+17.2%	$4.0B+24.5%	$3.2B
Goodwill	N/A	$51.3B+4.8%	$48.9B+0.8%	$48.6B+0.5%	$48.3B+81.4%	$26.6B
Total Liabilities	N/A	$37.9B+4.0%	$36.5B+1.0%	$36.1B+5.8%	$34.1B+53.0%	$22.3B
Current Liabilities	N/A	$24.2B+4.5%	$23.1B+7.0%	$21.6B+8.7%	$19.9B+29.9%	$15.3B
Long-Term Debt	N/A	$8.4B+0.1%	$8.4B-10.5%	$9.4B-1.8%	$9.6B+259.1%	$2.7B
Total Equity	N/A	$60.7B+1.6%	$59.7B+4.0%	$57.4B-2.5%	$58.9B+38.3%	$42.6B
Retained Earnings	N/A	$17.5B+36.0%	$12.9B+65.3%	$7.8B+5.1%	$7.4B+15.7%	$6.4B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$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-4.2%	$96.2B
Current Assets	$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-14.6%	$25.6B
Cash & Equivalents	$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-22.9%	$10.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$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+26.2%	$4.3B
Goodwill	$57.9B+10.5%	$52.5B+2.0%	$51.4B+0.3%	$51.3B0.0%	$51.3B+4.5%	$49.1B+0.3%	$48.9B0.0%	$48.9B
Total Liabilities	$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-5.3%	$36.5B
Current Liabilities	$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-9.3%	$23.1B
Long-Term Debt	$10.4B+23.7%	$8.4B0.0%	$8.4B0.0%	$8.4B0.0%	$8.4B0.0%	$8.4B0.0%	$8.4B0.0%	$8.4B
Total Equity	$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-3.4%	$59.7B
Retained Earnings	$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+8.1%	$12.9B

CRM Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$15.0B+14.5%	$13.1B+27.9%	$10.2B+43.9%	$7.1B+18.5%	$6.0B+25.0%	$4.8B
Capital Expenditures	$594.0M-9.7%	$658.0M-10.6%	$736.0M-7.8%	$798.0M+11.3%	$717.0M+1.0%	$710.0M
Free Cash Flow	$14.4B+15.8%	$12.4B+30.9%	$9.5B+50.5%	$6.3B+19.5%	$5.3B+29.1%	$4.1B
Investing Cash Flow	-$8.6B-171.6%	-$3.2B-138.4%	-$1.3B+33.3%	-$2.0B+86.3%	-$14.5B-266.1%	-$4.0B
Financing Cash Flow	-$8.1B+14.3%	-$9.4B-26.1%	-$7.5B-109.9%	-$3.6B-145.4%	$7.8B+556.4%	$1.2B
Dividends Paid	$1.6B+3.3%	$1.5B	$0	$0	N/A	N/A
Share Buybacks	$12.6B+60.9%	$7.8B+2.7%	$7.6B+90.5%	$4.0B	$0	$0

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$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-85.7%	$6.2B
Capital Expenditures	$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-16.0%	$163.0M
Free Cash Flow	$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-87.6%	$6.1B
Investing Cash Flow	-$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+199.6%	-$2.7B
Financing Cash Flow	$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-175.2%	-$2.1B
Dividends Paid	$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-1.0%	$388.0M
Share Buybacks	$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+103.2%	$2.1B

CRM Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	77.7%+0.5pp	77.2%+1.7pp	75.5%+2.2pp	73.3%-0.1pp	73.5%-0.9pp	74.4%
Operating Margin	20.1%+1.1pp	19.0%+4.6pp	14.4%+11.1pp	3.3%+1.2pp	2.1%-0.1pp	2.1%
Net Margin	18.0%+1.6pp	16.4%+4.5pp	11.9%+11.2pp	0.7%-4.8pp	5.5%-13.7pp	19.2%
Return on Equity	N/A	10.2%+3.3pp	6.9%+6.6pp	0.4%-2.1pp	2.5%-7.1pp	9.6%
Return on Assets	N/A	6.3%+2.0pp	4.3%+4.1pp	0.2%-1.3pp	1.6%-4.7pp	6.3%
Current Ratio	N/A	1.07-0.0	1.11+0.1	1.020.0	1.03-0.3	1.33
Debt-to-Equity	N/A	0.140.0	0.14-0.0	0.160.0	0.16+0.1	0.06
FCF Margin	34.7%+1.9pp	32.8%+5.6pp	27.3%+7.1pp	20.1%+0.2pp	19.9%+0.7pp	19.3%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	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%+0.5pp	76.3%
Operating Margin	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%+0.4pp	18.7%
Net Margin	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%-1.5pp	16.8%
Return on Equity	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%-0.1pp	2.6%
Return on Assets	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%-0.0pp	1.6%
Current Ratio	0.76-0.2	0.98-0.1	1.12+0.1	1.070.0	1.06-0.0	1.11+0.1	1.04-0.1	1.11
Debt-to-Equity	0.18+0.0	0.140.0	0.140.0	0.140.0	0.140.0	0.140.0	0.150.0	0.14
FCF Margin	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%-58.5pp	66.6%

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Frequently Asked Questions

What is Salesforce Com Inc's annual revenue?

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.

How fast is Salesforce Com Inc's revenue growing?

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

Is Salesforce Com Inc profitable?

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

What is Salesforce Com Inc's EBITDA?

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

What is Salesforce Com Inc's gross margin?

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.

What is Salesforce Com Inc's operating margin?

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.

What is Salesforce Com Inc's net profit margin?

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.

What is Salesforce Com Inc's free cash flow?

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.

What is Salesforce Com Inc's operating cash flow?

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

What are Salesforce Com Inc's capital expenditures?

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

How much does Salesforce Com Inc spend on research and development?

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

Does Salesforce Com Inc buy back shares?

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

How many shares does Salesforce Com Inc have outstanding?

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

Are Salesforce Com Inc's earnings high quality?

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.

Can Salesforce Com Inc cover its interest payments?

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.