Financials · CRM

Salesforce Inc. (CRM) financials

For the twelve months ended Jul 31, 2026, Salesforce Inc. reported $43.94B of revenue and $9.66B of net income.

Revenue, TTM
$43.94B
Revenue growth, YoY
+11.2%
Net income, TTM
$9.66B
Net income growth, YoY
+45.0%
Net margin
22.0%
Free cash flow, TTM
$15.15B
EPS, diluted, TTM
$10.96
EPS growth, YoY
+59.3%
Cash
$8.31B
Total debt
$39.29B
P/E
18.18
P/S
4.00
Market cap
$175.69B
Annual revenue$41.52B
FY2017FY2026
Annual net income$7.46B
FY2017FY2026
Annual free cash flow$14.40B
FY2017FY2026

CRM revenue and earnings growth

CRM revenueQ2 2027$11.35B

Quarter YoY
+10.8%
QoQ
+1.9%
FY YoY
+9.6%
5Y CAGR
+14.3%
10Y CAGR
+20.1%

CRM revenue was $11.35B in fiscal Q2 2027 (ended Jul 31, 2026), up 10.8% from a year earlier and up 1.9% from the prior quarter. For the full fiscal 2026 it was $41.52B, up 9.6% from fiscal 2025. Compound annual growth was +14.3% over 5 years and +20.1% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

CRM net incomeQ2 2027$3.53B

Quarter YoY
+86.9%
QoQ
+67.3%
FY YoY
+20.3%
5Y CAGR
+12.9%

CRM net income was $3.53B in fiscal Q2 2027 (ended Jul 31, 2026), up 86.9% from a year earlier and up 67.3% from the prior quarter. For the full fiscal 2026 it was $7.46B, up 20.3% from fiscal 2025. Compound annual growth was +12.9% over 5 years. It rose in 6 of the last 9 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

CRM EPSQ2 2027$4.29

Quarter YoY
+118.9%
QoQ
+77.3%
FY YoY
+22.6%
5Y CAGR
+12.2%

CRM diluted EPS was $4.29 in fiscal Q2 2027 (ended Jul 31, 2026), up 118.9% from a year earlier and up 77.3% from the prior quarter. For the full fiscal 2026 it was $7.80, up 22.6% from fiscal 2025. Compound annual growth was +12.2% over 5 years.

CRM free cash flowQ2 2027$1.10B

Quarter YoY
+81.5%
QoQ
-83.3%
FY YoY
+15.8%
5Y CAGR
+28.6%
10Y CAGR
+26.4%

CRM free cash flow was $1.10B in fiscal Q2 2027 (ended Jul 31, 2026), up 81.5% from a year earlier and down 83.3% from the prior quarter. For the full fiscal 2026 it was $14.40B, up 15.8% from fiscal 2025. Compound annual growth was +28.6% over 5 years and +26.4% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Revenue$41.52B$37.90B$34.86B$31.35B$26.49B$21.25B$17.10B$13.28B$10.54B$8.44B
Cost of revenue$9.27B$8.64B$8.54B$8.36B$7.03B$5.44B$4.24B$3.45B$2.77B$2.23B
Gross profit$32.26B$29.25B$26.32B$22.99B$19.47B$15.81B$12.86B$9.83B$7.77B$6.20B
Research and development$5.99B$5.49B$4.91B$5.05B$4.46B$3.60B$2.77B$1.89B$1.55B$1.21B
Selling, general and admin$3.00B$2.84B$2.53B$2.55B$2.60B$2.09B$1.70B$1.35B$1.09B$966.00M
Operating income$8.33B$7.21B$5.01B$1.03B$548.00M$455.00M$297.00M$535.00M$454.00M$218.00M
Interest expense-------$154.00M$87.00M$89.00M
Pre-tax income$9.52B$7.44B$4.95B$660.00M$1.53B$2.56B$706.00M$983.00M$420.00M$179.00M
Income tax$2.06B$1.24B$814.00M$452.00M$88.00M-$1.51B$580.00M-$127.00M$60.00M-$144.00M
Net income$7.46B$6.20B$4.14B$208.00M$1.44B$4.07B$126.00M$1.11B$360.00M$323.00M
EPS, basic$7.85$6.44$4.25$0.21$1.51$4.48$0.15$1.48$0.50$0.47
EPS, diluted$7.80$6.36$4.20$0.21$1.48$4.38$0.15$1.43$0.49$0.46
Diluted shares956.0M974.0M984.0M997.0M974.0M930.0M850.0M775.0M735.0M700.0M

Balance sheet

Balance sheet
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Cash and equivalents$7.33B$8.85B$8.47B$7.02B$5.46B$6.20B$4.14B$2.67B$2.54B$1.61B
Receivables$14.34B$11.95B$11.41B$10.76B$9.74B$7.79B$6.17B$4.92B$3.92B$3.20B
Current assets$28.22B$29.73B$29.07B$26.39B$22.85B$21.89B$15.96B$10.68B$9.58B$6.00B
Goodwill$57.94B$51.28B$48.62B$48.57B$47.94B$26.32B$25.13B$12.85B$7.31B$7.26B
Total assets$112.31B$102.93B$99.82B$98.85B$95.21B$66.30B$55.13B$30.74B$21.98B$17.58B
Current liabilities$37.12B$27.98B$26.63B$25.89B$21.79B$17.73B$14.85B$11.26B$10.07B$7.30B
Short-term debt$4.00B$0$999.00M$1.18B$4.00M$4.00M$4.00M$3.00M$1.02B$0
Long-term debt$10.44B$8.43B$8.43B$9.42B$10.59B$2.67B$2.67B$3.17B$695.00M$2.01B
Total debt$14.44B$8.43B$9.43B$10.60B$10.60B$2.68B$2.68B$3.18B$1.72B$2.01B
Total liabilities$53.16B$41.76B$40.18B$40.49B$37.08B$24.81B$21.24B$15.13B$11.61B$10.08B
Shareholders' equity$59.14B$61.17B$59.65B$58.36B$58.13B$41.49B$33.88B$15.61B$10.38B$8.23B

Cash flow

Cash flow
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Operating cash flow$15.00B$13.09B$10.23B$7.11B$6.00B$4.80B$4.33B$3.40B$2.74B$2.16B
Capital expenditures$594.00M$658.00M$736.00M$798.00M$717.00M$710.00M$643.00M$595.00M$534.00M$464.00M
Free cash flow$14.40B$12.43B$9.50B$6.31B$5.28B$4.09B$3.69B$2.80B$2.20B$1.70B
Investing cash flow-$8.59B-$3.16B-$1.33B-$1.99B-$14.54B-$3.97B-$2.98B-$5.31B-$2.01B-$2.68B
Financing cash flow-$8.08B-$9.43B-$7.48B-$3.56B$7.84B$1.19B$164.00M$2.01B$221.00M$998.00M
Dividends paid$1.59B$1.54B$0$0------
Share repurchases$12.60B$7.83B$7.62B$4.00B$0$0----
Stock-based compensation$3.51B$3.18B$2.79B$3.28B$2.78B$2.19B$1.78B$1.28B$997.00M$820.00M
Depreciation and amortization$1.20B$1.00B$1.10B$903.00M$678.00M$579.00M$455.00M$411.00M$373.00M$632.00M

Key ratios

Key ratios
Line item
Jan 31, 2026
Jan 31, 2025
Jan 31, 2024
Jan 31, 2023
Jan 31, 2022
Jan 31, 2021
Jan 31, 2020
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Revenue growth, YoY9.6%8.7%11.2%18.3%24.7%24.3%28.7%26.0%24.9%26.5%
Net income growth, YoY20.3%49.8%1888.5%-85.6%-64.5%3131.7%-88.6%208.3%11.5%-
EPS growth, YoY22.6%51.4%1900.0%-85.8%-66.2%2820.0%-89.5%191.8%6.5%-
Gross margin77.7%77.2%75.5%73.3%73.5%74.4%75.2%74.0%73.7%73.5%
Operating margin20.1%19.0%14.4%3.3%2.1%2.1%1.7%4.0%4.3%2.6%
Net margin18.0%16.4%11.9%0.7%5.5%19.2%0.7%8.4%3.4%3.8%
Free cash flow margin34.7%32.8%27.2%20.1%19.9%19.2%21.6%21.1%20.9%20.1%
Return on equity12.6%10.1%6.9%0.4%2.5%9.8%0.4%7.1%3.5%3.9%
Return on assets6.6%6.0%4.1%0.2%1.5%6.1%0.2%3.6%1.6%1.8%
Current ratio0.761.061.091.021.051.231.080.950.950.82
Debt to equity0.240.140.160.180.180.060.080.200.170.24

Source: XBRL data Salesforce Inc. files with the SEC, latest filing dated Aug 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 4-for-1, first reported May 24, 2013.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CRM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CRM$43.94B+11.2%$9.66B22.0%$175.69B
HUBS$3.59B+20.1%$213.29M5.9%$9.62B
MSFT$346.44B+17.9%$142.63B41.2%$3.96T
ORCL$71.78B+21.6%$18.92B26.4%$356.74B
SAP€36.80B+7.7%€7.16B19.5%$287.15B
ADBE$25.97B+12.0%$7.28B28.0%$92.12B
NOW$15.43B+21.8%$1.45B9.4%$103.40B
WDAY$10.15B+13.3%$1.25B12.3%$45.52B

CRM FAQ

9 questions
  • What is CRM revenue?
    Salesforce Inc. (CRM) reported $43.94B of revenue for the twelve months ended Jul 31, 2026. That is up 11.2% from the year before. Revenue for fiscal 2026 was $41.52B.
  • Is CRM profitable?
    Yes. Salesforce Inc. earned $9.66B in net income for the twelve months ended Jul 31, 2026, a net margin of 22.0%.
  • How much cash and debt does CRM have?
    Salesforce Inc. reported $8.31B in cash and cash equivalents and $39.29B of debt on its most recent balance sheet in SEC filings.
  • How fast is CRM revenue growing?
    Salesforce Inc.'s revenue changed +9.6% in fiscal 2026, to $41.52B. Its compound annual growth rate was +14.3% over 5 years and +20.1% over 10 years.
  • What is CRM gross margin?
    Salesforce Inc.'s gross profit was $33.96B on $43.94B of revenue for the twelve months ended Jul 31, 2026, a gross margin of 77.3%.
  • What is CRM free cash flow?
    Salesforce Inc. generated $15.15B of free cash flow for the twelve months ended Jul 31, 2026, which is operating cash flow of $15.75B less capital expenditures.
  • What is CRM earnings per share?
    Diluted earnings per share were $10.96 for the twelve months ended Jul 31, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CRM last report financial results?
    The latest statements here come from Salesforce Inc.'s 10-Q filed on Aug 27, 2026, covering the period ended Jul 31, 2026.
  • Where does this CRM financial data come from?
    Quantisnow builds these statements from the structured XBRL data Salesforce Inc. files with the SEC. It is provided for information only and is not investment advice.