salesforce.com Inc (CRM) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$3.27	$5.9	+80.4%	—	$11.3B	—
Q1 27	$3.13	$3.88	+24.0%	—	$11.1B	—
Q4 26	$3.05	$3.81	+24.9%	—	$11.2B	—
Q3 26	$2.86	$3.25	+13.6%	—	$10.3B	—
Q2 26	$2.78	$2.91	+4.7%	—	$10.2B	—
Q1 26	$2.55	$2.58	+1.2%	—	$9.8B	—
Q4 25	$2.61	$2.78	+6.5%	—	$10B	—
Q3 25	$2.45	$2.41	-1.6%	—	$9.4B	—
Q2 25	$2.36	$2.56	+8.5%	—	$9.3B	—
Q1 25	$2.37	$2.44	+3.0%	—	$9.1B	—
Q4 24	$2.27	$2.29	+0.9%	—	$9.3B	—
Q3 24	$2.06	$2.11	+2.4%	—	$8.7B	—
Q2 24	$1.9	$2.12	+11.6%	—	$8.6B	—
Q1 24	$1.61	$1.69	+5.0%	—	$8.2B	—
Q4 23	$1.36	$1.68	+23.5%	—	$8.4B	—
Q3 23	$1.21	$1.4	+15.7%	—	$7.8B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$7.85	—	—	$41.5B	—
FY25	—	$6.44	—	—	$37.9B	—
FY24	—	$4.25	—	—	$34.9B	—
FY23	—	$0.21	—	—	$31.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$8.4B	$10.5B	$13.3B	$17.1B	$21.3B	$26.5B	$31.4B	$34.9B	$37.9B	$41.5B
YoY change	+26.5%	+24.9%	+26%	+28.7%	+24.3%	+24.7%	+18.3%	+11.2%	+8.72%	+9.58%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	8.4B	10.5B	13.3B	17.1B	21.3B	26.5B	31.4B	34.9B	37.9B	41.5B
Cost of revenue	2.2B	2.8B	3.5B	4.2B	5.4B	7B	8.4B	8.5B	8.6B	9.3B
Gross profit	6.2B	7.8B	9.8B	12.9B	15.8B	19.5B	23B	26.3B	29.3B	32.3B
Gross margin	73.5%	73.7%	74%	75.2%	74.4%	73.5%	73.3%	75.5%	77.2%	77.7%
Research & development	1.2B	1.6B	1.9B	2.8B	3.6B	4.5B	5.1B	4.9B	5.5B	6B
Selling, general & administrative	4.8B	5.8B	7.4B	9.6B	11.8B	14.5B	16.1B	15.4B	16.1B	16.4B
Operating expenses	6B	7.3B	9.3B	12.4B	15.4B	18.9B	21.1B	20.3B	21.6B	22.3B
Operating income	218M	454M	535M	463M	455M	548M	1.9B	6B	7.7B	8.9B
Operating margin	2.58%	4.31%	4.03%	2.71%	2.14%	2.07%	5.93%	17.2%	20.2%	21.5%
Non-operating income, net	28M	-34M	448M	243M	2.1B	984M	-1.2B	-1B	-228M	603M
Pretax income	179M	420M	983M	706M	2.6B	1.5B	660M	5B	7.4B	9.5B
Income tax	-144M	60M	-127M	580M	-1.5B	88M	452M	814M	1.2B	2.1B
Net income	323M	360M	1.1B	126M	4.1B	1.4B	208M	4.1B	6.2B	7.5B
Net margin	3.83%	3.42%	8.36%	0.74%	19.2%	5.45%	0.66%	11.9%	16.4%	18%
EBITDA	864M	1.2B	975M	2.3B	1.1B	2.6B	6.7B	11.2B	11.7B	12.1B
EPS	0.26	0.18	1.48	0.15	4.48	1.51	0.21	4.25	6.44	7.85
Diluted EPS	0.26	0.17	1.43	0.15	4.38	1.48	0.21	4.2	6.36	7.8

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	8.7B	9.3B	9.1B	9.3B	9.4B	10B	9.8B	10.2B	10.3B	11.2B	11.1B	11.3B
Cost of revenue	2.2B	2.1B	2.2B	4.3B	2.1B	2.2B	2.3B	2.2B	2.3B	2.5B	5.1B	2.6B
Gross profit	6.6B	7.1B	7B	7.2B	7.3B	7.8B	7.6B	8B	8B	8.7B	8.6B	8.7B
Gross margin	75.3%	76.9%	76.3%	76.8%	77.7%	77.8%	77%	78.1%	78%	77.6%	76.9%	76.7%
Research & development	1.2B	1.3B	1.4B	1.3B	1.4B	1.4B	1.5B	1.5B	1.4B	1.6B	1.6B	1.7B
Selling, general & administrative	3.8B	4.1B	3.9B	3.9B	4B	4.2B	4.1B	4.2B	4.1B	3.9B	4.2B	4.6B
Operating expenses	5B	5.3B	5.3B	5.3B	5.4B	5.7B	5.6B	5.7B	5.6B	5.5B	5.8B	6.3B
Operating income	1.6B	1.8B	1.7B	1.9B	1.9B	2.1B	2B	2.3B	2.4B	2.2B	2.4B	2.4B
Operating margin	17.8%	19.3%	18.8%	20.2%	20.6%	21.2%	20.1%	22.8%	23.9%	19.2%	21.8%	21.4%
Non-operating income, net	-69M	-150M	150M	-45M	-203M	-130M	-4M	70M	64M	473M	611M	2.6B
Pretax income	1.5B	1.6B	1.9B	1.8B	1.7B	2B	2B	2.4B	2.5B	2.6B	2.7B	4.6B
Income tax	263M	199M	334M	408M	219M	280M	433M	519M	426M	685M	614M	1B
Net income	1.2B	1.4B	1.5B	1.4B	1.5B	1.7B	1.5B	1.9B	2.1B	1.9B	2.1B	3.5B
Net margin	14%	15.6%	16.8%	15.3%	16.2%	17.1%	15.7%	18.4%	20.3%	17.3%	18.9%	31.1%
EBITDA	2.5B	3B	2.6B	2.9B	3B	3.2B	2.9B	3.2B	3.3B	2.8B	3.5B	3.5B
EPS	1.26	1.49	1.58	1.48	1.6	1.78	1.61	1.97	2.2	2.08	2.43	4.3
Diluted EPS	1.25	1.47	1.56	1.47	1.58	1.75	1.59	1.96	2.19	2.07	2.42	4.29

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	54.4B	81.4B	114.1B	—	204.8B	222.2B	166.6B	273.8B	328.7B	201.7B	187B
Enterprise value	55B	78.6B	113B	—	199.1B	225.6B	168.2B	272.2B	326.1B	209.3B	223.6B
Shares outstanding	687.8M	714.9M	751M	829M	908M	955M	992M	974M	962M	950M	950M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	168.4	226.2	102.8	—	50.3	153.9	801.1	66.2	53	27	20.9
P/S	6.45	7.73	8.59	—	9.64	8.39	5.31	7.85	8.67	4.86	4.28
P/B	7.25	7.85	7.31	—	4.94	3.82	2.86	4.59	5.37	3.41	4.9
EV/EBITDA	63.6	64.5	115.9	—	176.1	85.6	25.1	24.3	27.8	17.3	17.3
EV/Sales	6.52	7.46	8.51	—	9.37	8.52	5.37	7.81	8.6	5.04	5.09
Earnings yield	0.59%	0.44%	0.97%	—	1.99%	0.65%	0.12%	1.51%	1.89%	3.7%	4.78%
FCF yield	3.12%	2.71%	2.46%	—	2%	2.38%	3.79%	3.47%	3.78%	7.14%	9.48%
PEG	—	—	—	—	—	—	—	—	—	—	0.18

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	73.5%	73.7%	74%	75.2%	74.4%	73.5%	73.3%	75.5%	77.2%	77.7%	76.7%
Operating margin	2.58%	4.31%	4.03%	2.71%	2.14%	2.07%	5.93%	17.2%	20.2%	21.5%	21.4%
Net margin	3.83%	3.42%	8.36%	0.74%	19.2%	5.45%	0.66%	11.9%	16.4%	18%	22%
ROE	4.31%	3.47%	7.11%	0.37%	9.81%	2.48%	0.36%	6.93%	10.1%	12.6%	19.4%
ROA	1.84%	1.64%	3.61%	0.23%	6.14%	1.52%	0.21%	4.14%	6.02%	6.64%	5.7%
ROIC	2.7%	5.14%	3.71%	0.26%	1.27%	0.84%	0.98%	8.64%	10.9%	10.5%	10.7%
Return on tangible assets	68.9%	6.65%	-552.2%	-2.75%	74.9%	-7.75%	-1.66%	-51.9%	-73%	-43.3%	-45.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	0.82	0.95	0.95	1.08	1.23	1.05	1.02	1.09	1.06	0.76	0.84
Quick ratio	0.82	0.95	0.95	1.08	1.23	1.05	1.02	1.09	1.06	0.76	0.84
Debt / equity	0.37	0.17	0.2	0.17	0.15	0.24	0.24	0.21	0.19	0.29	1.1
Debt / assets	0.16	0.08	0.1	0.11	0.09	0.15	0.14	0.13	0.11	0.15	0.38
Net debt / EBITDA	0.67	-2.3	-1.2	-0.89	-5.03	1.31	0.24	-0.14	-0.23	0.63	2.32
Interest coverage	3.01	5.22	3.47	—	—	—	—	—	—	—	—
Effective tax rate	0%	14.3%	0%	82.2%	0%	5.74%	68.5%	16.4%	16.7%	21.7%	22.2%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	12.3	14.7	17.7	20.6	23.4	27.7	31.6	35.8	39.4	43.7	49.2
EPS (basic)	0.26	0.18	1.48	0.15	4.48	1.51	0.21	4.25	6.44	7.85	7.85
EPS (diluted)	0.26	0.17	1.43	0.15	4.38	1.48	0.21	4.2	6.36	7.8	10.9
Book value per share	10.9	14.5	20.8	40.9	45.7	60.9	58.8	61.2	63.6	62.3	46.6
FCF per share	2.47	3.08	3.73	4.45	4.51	5.53	6.36	9.75	12.9	15.2	18.5
Cash per share	3.21	6.32	5.78	9.59	13.2	11	12.6	14.6	14.6	10.1	13.9
Capex per share	0	0	—	—	—	—	—	—	—	0.63	0.73

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0%	0%	—	—	—	—	—	—	—	1.43%	1.36%
Capex / operating cash flow	0%	0%	—	—	—	—	—	—	—	3.96%	3.78%
Payout ratio	—	—	—	—	—	—	—	—	24.8%	21.3%	15.7%
Dividend yield	—	—	—	—	—	—	—	—	0.47%	0.79%	0.77%

Yield

0.77%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.44

ex-dividend Sep 17, 2026

Payout ratio

16%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 17, 2026	$0.44
Jun 11, 2026	$0.44
Apr 9, 2026	$0.44
Dec 18, 2025	$0.416
Sep 17, 2025	$0.416
Jun 18, 2025	$0.416
Apr 10, 2025	$0.416
Dec 18, 2024	$0.40

Split history

Date	Ratio
Apr 18, 2013	4:1

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$8.7B	$9.3B	$9.1B	$9.3B	$9.4B	$10B	$9.8B	$10.2B	$10.3B	$11.2B	$11.1B	$11.3B
YoY change	+11.3%	+10.8%	+10.7%	+8.39%	+8.3%	+7.6%	+7.62%	+9.77%	+8.63%	+12.1%	+13.3%	+10.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	2.2B	4.5B	4.3B	7.9B	12B	10.5B	12.5B	14.2B	14B	9.6B
Receivables	3.2B	3.9B	4.9B	6.2B	7.8B	9.7B	10.8B	11.4B	11.9B	14.3B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	6B	9.6B	10.7B	16B	21.9B	22.9B	26.4B	29.1B	29.7B	28.2B
Property, plant & equipment	1.2B	1.3B	1.4B	4.6B	5.2B	5.2B	6.1B	5.6B	4.9B	4.6B
Goodwill & intangibles	17.1B	16.6B	30.9B	59.7B	60.9B	113.8B	111.4B	107.8B	111.4B	129.5B
Total assets	17.6B	22B	30.7B	55.1B	66.3B	95.2B	98.8B	99.8B	102.9B	112.3B
Accounts payable	115.3M	76M	2.7B	3.4B	4.4B	—	—	—	—	—
Short-term debt	102.1M	1B	3M	750M	766M	690M	1.8B	1.5B	579M	4.5B
Total current liabilities	7.3B	10.1B	11.3B	14.8B	17.7B	21.8B	25.9B	26.6B	28B	37.1B
Long-term debt	2.7B	695M	3.2B	5.1B	5.5B	13.3B	12.3B	11.1B	10.8B	12.6B
Total liabilities	10.1B	11.6B	15.1B	21.2B	24.8B	37.1B	40.5B	40.2B	41.8B	53.2B
Shareholders' equity	7.5B	10.4B	15.6B	33.9B	41.5B	58.1B	58.4B	59.6B	61.2B	59.1B
Total debt	2.8B	1.7B	3.2B	5.9B	6.3B	14B	14.1B	12.6B	11.4B	17.2B
Net debt	1.2B	-823M	507M	1.7B	86M	8.5B	7.1B	4.1B	2.5B	9.8B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	11.9B	14.2B	17.7B	12.6B	12.8B	14B	17.4B	15.4B	11.3B	9.6B	11.8B	11.4B
Receivables	4.8B	11.4B	4.3B	5.4B	4.7B	11.9B	4.4B	5.6B	5.5B	14.3B	5.1B	6.3B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	20.2B	29.1B	25.6B	21.9B	21.4B	29.7B	25.9B	25.3B	21.1B	28.2B	21.6B	22.1B
Property, plant & equipment	6.3B	5.6B	5.8B	5.7B	5.6B	4.9B	5.3B	5.2B	5.1B	4.6B	5B	4.8B
Goodwill & intangibles	108.7B	107.8B	107.6B	106.7B	106.4B	111.4B	110.6B	110.2B	111.9B	129.5B	131.9B	130.8B
Total assets	91B	99.8B	96.2B	92.2B	91.4B	102.9B	98.6B	97.6B	95.1B	112.3B	106.7B	109.6B
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	—
Short-term debt	1.5B	1.5B	1.6B	559M	572M	579M	593M	580M	564M	4.5B	557M	531M
Total current liabilities	19.4B	26.6B	23.1B	21B	19.4B	28B	24.2B	22.5B	21.4B	37.1B	27.5B	26.3B
Long-term debt	11.2B	11.1B	10.9B	10.8B	10.9B	10.8B	10.8B	10.7B	10.6B	12.6B	41.3B	41.2B
Total liabilities	32.9B	40.2B	36.5B	34.5B	32.9B	41.8B	37.9B	36.2B	35.1B	53.2B	72.4B	71.2B
Shareholders' equity	58.1B	59.6B	59.7B	57.6B	58.5B	61.2B	60.7B	61.3B	60B	59.1B	34.2B	38.4B
Total debt	12.7B	12.6B	12.5B	11.4B	11.4B	11.4B	11.4B	11.2B	11.1B	17.2B	41.9B	41.7B
Net debt	6.3B	4.1B	2.6B	3.7B	3.4B	2.5B	441M	872M	2.2B	9.8B	32.9B	33.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	323M	360M	1.1B	126M	4.1B	1.4B	208M	4.1B	6.2B	7.5B
Depreciation & amortization	632M	784M	982M	2.1B	2.8B	3.3B	3.8B	4B	3.5B	3.6B
Stock-based compensation	820M	997M	1.3B	1.8B	2.2B	2.8B	3.3B	2.8B	3.2B	3.5B
Change in working capital	-105M	-386M	-114M	-211M	-1.1B	-1.8B	-1.8B	-2B	-486M	-1.6B
Operating cash flow	2.2B	2.3B	4B	4.7B	7.1B	7.1B	7.2B	10.8B	14.5B	15B
Capital expenditure	0	0	—	—	—	—	—	—	—	-594M
Investing cash flow	-2.2B	-1.5B	-4.7B	-2.3B	-3.3B	-13.8B	-1.2B	-591M	-2.5B	-8.6B
Dividends paid	—	—	—	—	—	—	—	—	-1.5B	-1.6B
Share repurchases	—	—	—	—	0	0	-4B	-7.6B	-7.8B	-12.6B
Financing cash flow	597M	-429M	1.2B	-849M	-230M	6.5B	-4.4B	-9.4B	-11B	-9.1B
Net change in cash	548M	441M	460M	1.5B	3.6B	-173M	1.6B	778M	992M	-2.7B
Free cash flow	1.7B	2.2B	2.8B	3.7B	4.1B	5.3B	6.3B	9.5B	12.4B	14.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	1.2B	1.4B	1.5B	1.4B	1.5B	1.7B	1.5B	1.9B	2.1B	1.9B	2.1B	3.5B
Depreciation & amortization	862M	953M	879M	907M	814M	877M	843M	817M	851M	1.1B	985M	966M
Stock-based compensation	693M	674M	750M	810M	820M	803M	814M	793M	819M	1.1B	857M	906M
Change in working capital	-1.4B	-109M	3.1B	-2.3B	-1.6B	383M	3.2B	-3.3B	-2.1B	633M	2.9B	-2.8B
Operating cash flow	1.9B	3.5B	6.8B	1.3B	2B	4.3B	6.9B	740M	2.3B	5.5B	6.7B	1.3B
Capital expenditure	—	—	—	—	—	—	—	-135M	-139M	-141M	-145M	-171M
Investing cash flow	112M	-321M	-2.5B	2.8B	-13M	-2.8B	-1.4B	1.2B	519M	-8.7B	-2.2B	-1.2B
Dividends paid	0	—	-388M	-384M	-382M	-383M	-402M	-399M	-395M	-391M	-365M	-364M
Share repurchases	-1.9B	-1.7B	-2.1B	-4.3B	-1.3B	-76M	-2.6B	-2.2B	-3.8B	-3.9B	-27.2B	-84M
Financing cash flow	-2B	-1.8B	-2.6B	-6B	-1.8B	-557M	-3.2B	-2.7B	-4.5B	-4.7B	-3.2B	-701M
Net change in cash	-60M	1.3B	1.7B	-1.9B	258M	959M	2.3B	-830M	-1.6B	-7.9B	1.4B	-629M
Free cash flow	1.4B	3.3B	6.1B	755M	1.8B	3.8B	6.3B	605M	2.2B	5.3B	6.6B	1.1B

salesforce.com Inc Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

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Assets vs. liabilities & equity

Condensed balance sheet

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Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement