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CRM Salesforce, Inc.

NYSETechnologyServices-Prepackaged SoftwareSan Francisco, CAFY ends January 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2026 10-K filed Mar 2, 2026

FY2026 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$41.5BYoYup 9.58%ended Jan 31, 2026
Net income
$7.46B18.0% margin
Diluted EPS
$7.80YoYup 22.64%
Free cash flow
$14.4B34.7% margin
Cash
$7.33BNet debt $7.11B
Total debt
$14.4BD/E 0.24×
About Salesforce, Inc.

Overview

Salesforce, Inc. (CRM) is listed on NYSE; the SEC classifies it under "Services-Prepackaged Software".

For fiscal 2026 (ended Jan 31, 2026) it reported revenue of $41.53B, up 9.6% from fiscal 2025.

Net income was $7.46B, a net margin of 18.0%.

At fiscal year end it had total assets of $112.31B and stockholders' equity of $59.14B (52.7% of assets).

Fiscal years shown
FY2017–FY2026 (10 years)
Latest 10-K
Mar 2, 2026
Latest filing
8-KOct 20, 2026
FY2017–FY2026 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2017 to FY2026.
PeriodRevenueNet incomeNet margin
FY2017$8.39B$180M2.1%
FY2018—$127M—
FY2019$13.3B$1.11B8.4%
FY2020$17.1B$126M0.7%
FY2021$21.3B$4.07B19.2%
FY2022$26.5B$1.44B5.5%
FY2023$31.4B$208M0.7%
FY2024$34.9B$4.14B11.9%
FY2025$37.9B$6.2B16.4%
FY2026$41.5B$7.46B18.0%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2017 to FY2026.
PeriodGross marginOperating marginNet margin
FY201773.4%0.8%2.1%
FY2018———
FY201974.0%4.0%8.4%
FY202075.2%1.7%0.7%
FY202174.4%2.1%19.2%
FY202273.5%2.1%5.5%
FY202373.3%3.3%0.7%
FY202475.5%14.4%11.9%
FY202577.2%19.0%16.4%
FY202677.7%20.1%18.0%

Diluted EPS

Diluted EPS, fiscal years FY2017 to FY2026.
PeriodEPS (diluted)
FY2017$0.26
FY2018$0.17
FY2019$1.43
FY2020$0.15
FY2021$4.38
FY2022$1.48
FY2023$0.21
FY2024$4.20
FY2025$6.36
FY2026$7.80

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2017 to FY2026.
PeriodFree cash flowNet income
FY2017$1.7B$180M
FY2018$2.2B$127M
FY2019$2.8B$1.11B
FY2020$3.69B$126M
FY2021$4.09B$4.07B
FY2022$5.28B$1.44B
FY2023$6.31B$208M
FY2024$9.5B$4.14B
FY2025$12.4B$6.2B
FY2026$14.4B$7.46B

Diluted shares

Diluted shares, fiscal years FY2017 to FY2026.
PeriodDiluted shares (weighted)
FY2017700M
FY2018735M
FY2019775M
FY2020850M
FY2021930M
FY2022974M
FY2023997M
FY2024984M
FY2025974M
FY2026956M

Cash vs total debt

Cash vs total debt, fiscal years FY2017 to FY2026.
PeriodCash & equivalentsTotal debt
FY2017$1.61B—
FY2018$2.54B$1.72B
FY2019$2.67B$3.18B
FY2020$4.15B$2.68B
FY2021$6.2B$2.68B
FY2022$5.46B$10.6B
FY2023$7.02B$10.6B
FY2024$8.47B$9.43B
FY2025$8.85B$8.43B
FY2026$7.33B$14.4B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2026 · 5-year trend

Ratios

Profitability

Gross margin
77.7%
Operating margin
20.1%
Net margin
18.0%
FCF margin
34.7%
Return on equity
12.4%
Return on assets
6.9%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 9.58%up 9.82%up 14.34%—
EPS (diluted)up 22.64%up 233.65%up 12.23%up 45.92%
Free cash flowup 15.83%up 31.64%up 28.62%up 26.81%
Change in share count
-1.85%

Financial strength

Current ratio
0.76×
Debt / equity
0.24×
Liabilities / assets
47.3%
Net debt
$7.11B
Interest coverage
25.7×
Equity / assets
52.7%

Shareholder returns

Dividends paid
$1.59B
Buybacks
$12.6B
Payout ratio
21.3%
Stock comp. / revenue
8.5%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

7 of 9 checks passed

FY2026 vs FY2025

  • PassPositive return on assets7.2%
  • PassPositive operating cash flow$15B
  • PassReturn on assets improved7.2% vs 6.2%
  • PassOperating cash flow above net income14.6% vs 7.2%
  • FailLong-term debt / assets fell9.3% vs 8.2%
  • FailCurrent ratio improved0.76× vs 1.06×
  • PassNo increase in share count956M vs 974M
  • PassGross margin improved77.7% vs 77.2%
  • PassAsset turnover improved0.4× vs 0.38×

Altman Z''-Score

Grey zone (1.10–2.60)

FY2026

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets-0.079×6.56-0.52
Retained earnings / assets0.198×3.260.65
Operating income / assets0.074×6.720.50
Equity / liabilities1.112×1.051.17
Z''1.79

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jan 31, 2026FY2025Jan 31, 2025FY2024Jan 31, 2024FY2023Jan 31, 2023FY2022Jan 31, 2022FY2021Jan 31, 2021FY2020Jan 31, 2020FY2019Jan 31, 2019FY2018Jan 31, 2018FY2017Jan 31, 2017
Revenue41,52537,89534,85731,35226,49221,25217,09813,282—8,392
YoY (Revenue)+9.58%+8.72%+11.18%+18.35%+24.66%+24.30%+28.73%———
Gross profit32,25529,25226,31622,99219,46615,81412,8639,8317,7066,158
Research & development5,9935,4934,9065,0554,4653,5982,7661,8861,5531,208
Operating income8,3317,2055,0111,03054845529753523664.2
Interest expense324272—28721611011015486.989
Pretax income9,5207,4384,9506601,5322,56170698320225.4
Income tax2,0631,24181445288-1,511580-12774.6-154
Net income7,4576,1974,1362081,4444,0721261,110127180
YoY (Net income)+20.33%+49.83%+1,888.46%-85.60%-64.54%+3,131.75%-88.65%+770.74%-29.03%—
EPS (basic)7.856.444.250.211.514.480.151.480.180.26
EPS (diluted)7.806.364.200.211.484.380.151.430.170.26
YoY (EPS (diluted))+22.64%+51.43%+1,900%-85.81%-66.21%+2,820%-89.51%+741.18%-34.62%—
Diluted shares (weighted)956974984997974930850775735700

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jan 31, 2026FY2025Jan 31, 2025FY2024Jan 31, 2024FY2023Jan 31, 2023FY2022Jan 31, 2022FY2021Jan 31, 2021FY2020Jan 31, 2020FY2019Jan 31, 2019FY2018Jan 31, 2018FY2017Jan 31, 2017
Cash & equivalents7,3278,8488,4727,0165,4646,1954,1452,6692,5431,607
Receivables14,33911,94511,41410,7559,7397,7866,1744,9243,9173,197
Current assets28,22229,72729,07426,39522,85021,88915,96310,6839,2905,997
Goodwill57,94151,28348,62048,56847,93726,31825,13412,8517,3147,264
Intangible assets6,8154,4285,2787,1258,9784,1144,7241,9238261,113
Total assets112,305102,92899,82398,84995,20966,30155,12630,73721,01017,585
Current liabilities37,11827,98026,63125,89121,78817,72814,84511,25510,1307,258
Short-term debt4,00009991,18244431,025—
Long-term debt10,4398,4338,4279,41910,5922,6732,6733,173695—
Total liabilities53,16341,75540,17740,49037,07824,80821,24115,13211,61710,085
Retained earnings22,22116,36911,7217,5857,3775,9331,8611,735-337-465
Stockholders' equity59,14261,17359,64658,35958,13141,49333,88515,6059,3887,500
Shares outstanding9299629711,009989919893770707707

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2026Jan 31, 2026FY2025Jan 31, 2025FY2024Jan 31, 2024FY2023Jan 31, 2023FY2022Jan 31, 2022FY2021Jan 31, 2021FY2020Jan 31, 2020FY2019Jan 31, 2019FY2018Jan 31, 2018FY2017Jan 31, 2017
Operating cash flow14,99613,09210,2347,1116,0004,8014,3313,3982,7382,162
Capital expenditures594658736798717710643595534464
Free cash flow14,40212,4349,4986,3135,2834,0913,6882,8032,2041,698
YoY (Free cash flow)+15.83%+30.91%+50.45%+19.50%+29.14%+10.93%+31.57%+27.18%+29.78%—
Depreciation & amortization1,2001,0001,100903678579455962753632
Stock-based compensation3,5093,1832,7873,2792,7792,1901,7851,283997820
Share repurchases12,5967,8297,6204,000——————
Dividends paid1,5871,537————————
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2026 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$7.80
Revenue per share
$43.44
FCF per share
$15.06
Book value per share
$61.86
Tangible book per share
-$5.87
Cash per share
$7.66
Public floatas of Jul 31, 2025
$192B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2026)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 8-K
    Current report· Oct 20, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  2. 8-K
    Current report· Sep 16, 2026(SEC EDGAR)
    • 7.01Regulation FD disclosure
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Sep 2, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  4. 10-Q
    Quarterly report· Jul 31, 2026(SEC EDGAR)
  5. 8-K
    Current report· Aug 26, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· Aug 5, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  7. 8-K
    Current report· May 27, 2026(SEC EDGAR)
    • 5.02Officer or director changes
  8. 8-K
    Current report· May 28, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 9.01Financial statements and exhibits
  9. 10-Q
    Quarterly report· Apr 30, 2026(SEC EDGAR)
  10. 8-K
    Current report· May 27, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
All filings on SEC EDGAR
SIC 7372 · Services-Prepackaged Software

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
MSFTMICROSOFT CORP$332B—40.3%———
ORCLORACLE CORP$67.4B—25.4%———
CRMSalesforce, Inc. (This company)$41.5Bup 9.58%18.0%12.4%7/9
SHOPSHOPIFY INC.$11.6B—10.7%———
CRWDCrowdStrike Holdings, Inc.$4.81B—-3.4%———
PLTRPalantir Technologies Inc.$4.48B—36.3%———
SAPSAP SE——————
Peer median$11.6B—25.4%———

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does Salesforce, Inc. do?

The SEC classifies Salesforce, Inc. under Standard Industrial Classification (SIC) code 7372, "Services-Prepackaged Software". It is headquartered in San Francisco, CA. It is incorporated in DE. In fiscal 2026 it reported revenue of $41.53B and net income of $7.46B in its annual 10-K report.

What was Salesforce, Inc.'s revenue in 2026?

Salesforce, Inc. reported revenue of $41.53B for fiscal 2026, which ended Jan 31, 2026, up 9.6% from $37.9B in fiscal 2025, according to its annual 10-K report filed with the SEC on Mar 2, 2026.

What was Salesforce, Inc.'s net income in 2026?

Salesforce, Inc. reported net income of $7.46B for fiscal 2026, a net margin of 18.0% of revenue.

Where is Salesforce, Inc. listed?

According to the SEC, Salesforce, Inc.'s ticker CRM is listed on NYSE.

When does Salesforce, Inc.'s fiscal year end?

According to the SEC, Salesforce, Inc.'s fiscal year ends on January 31; its latest reported fiscal year (2026) ended Jan 31, 2026.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.