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Salesforce

CRM Clue Score79
United States Fiscal year ends January CIK 0001108524
$229.13 +0.58% Close, 9 Oct 2026
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Price $229.13 −16.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue8.44Operating income0.22Net income0.32EPS, diluted0.46Fiscal year 2018Revenue10.54 +24.9%Operating income0.45Net income0.36 +11.5%EPS, diluted0.49 +6.5%Fiscal year 2019Revenue13.28 +26.0%Operating income0.54Net income1.11 +208.3%EPS, diluted1.43 +191.8%Fiscal year 2020Revenue17.10 +28.7%Operating income0.30Net income0.13 −88.6%EPS, diluted0.15 −89.5%Fiscal year 2021Revenue21.25 +24.3%Operating income0.46Net income4.07 +3,131.7%EPS, diluted4.38 +2,820.0%Fiscal year 2022Revenue26.49 +24.7%Operating income0.55Net income1.44 −64.5%EPS, diluted1.48 −66.2%Fiscal year 2023Revenue31.35 +18.3%Operating income1.03Net income0.21 −85.6%EPS, diluted0.21 −85.8%Fiscal year 2024Revenue34.86 +11.2%Operating income5.01Net income4.14 +1,888.5%EPS, diluted4.20 +1,900.0%Fiscal year 2025Revenue37.90 +8.7%Operating income7.21Net income6.20 +49.8%EPS, diluted6.36 +51.4%Fiscal year 2026Revenue41.53 +9.6%Operating income8.33Net income7.46 +20.3%EPS, diluted7.80 +22.6%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 8.44 10.54 13.28 17.10 21.25 26.49 31.35 34.86 37.90 41.53
Growth +24.9% +26.0% +28.7% +24.3% +24.7% +18.3% +11.2% +8.7% +9.6%
Operating income 0.22 0.45 0.54 0.30 0.46 0.55 1.03 5.01 7.21 8.33
Net income 0.32 0.36 1.11 0.13 4.07 1.44 0.21 4.14 6.20 7.46
Growth +11.5% +208.3% −88.6% +3,131.7% −64.5% −85.6% +1,888.5% +49.8% +20.3%
EPS, diluted 0.46 0.49 1.43 0.15 4.38 1.48 0.21 4.20 6.36 7.80
Growth +6.5% +191.8% −89.5% +2,820.0% −66.2% −85.8% +1,900.0% +51.4% +22.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin73.5%Operating margin2.6%Net margin3.8%Free cash flow margin20.1%Fiscal year 2018Gross margin73.7%Operating margin4.3%Net margin3.4%Free cash flow margin20.9%Fiscal year 2019Gross margin74.0%Operating margin4.0%Net margin8.4%Free cash flow margin21.1%Fiscal year 2020Gross margin75.2%Operating margin1.7%Net margin0.7%Free cash flow margin21.6%Fiscal year 2021Gross margin74.4%Operating margin2.1%Net margin19.2%Free cash flow margin19.2%Fiscal year 2022Gross margin73.5%Operating margin2.1%Net margin5.5%Free cash flow margin19.9%Fiscal year 2023Gross margin73.3%Operating margin3.3%Net margin0.7%Free cash flow margin20.1%Fiscal year 2024Gross margin75.5%Operating margin14.4%Net margin11.9%Free cash flow margin27.2%Fiscal year 2025Gross margin77.2%Operating margin19.0%Net margin16.4%Free cash flow margin32.8%Fiscal year 2026Gross margin77.7%Operating margin20.1%Net margin18.0%Free cash flow margin34.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 73.5% 73.7% 74.0% 75.2% 74.4% 73.5% 73.3% 75.5% 77.2% 77.7%
Operating margin 2.6% 4.3% 4.0% 1.7% 2.1% 2.1% 3.3% 14.4% 19.0% 20.1%
Net margin 3.8% 3.4% 8.4% 0.7% 19.2% 5.5% 0.7% 11.9% 16.4% 18.0%
Free cash flow margin 20.1% 20.9% 21.1% 21.6% 19.2% 19.9% 20.1% 27.2% 32.8% 34.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow2.16Capital expenditure−0.46Free cash flow1.70Fiscal year 2018Operating cash flow2.74Capital expenditure−0.53Free cash flow2.20 +29.8%Fiscal year 2019Operating cash flow3.40Capital expenditure−0.60Free cash flow2.80 +27.2%Fiscal year 2020Operating cash flow4.33Capital expenditure−0.64Free cash flow3.69 +31.6%Fiscal year 2021Operating cash flow4.80Capital expenditure−0.71Free cash flow4.09 +10.9%Buybacks0.00Fiscal year 2022Operating cash flow6.00Capital expenditure−0.72Free cash flow5.28 +29.1%Buybacks0.00Fiscal year 2023Operating cash flow7.11Capital expenditure−0.80Free cash flow6.31 +19.5%Buybacks−4.00Dividends paid0.00Fiscal year 2024Operating cash flow10.23Capital expenditure−0.74Free cash flow9.50 +50.5%Buybacks−7.62Dividends paid0.00Fiscal year 2025Operating cash flow13.09Capital expenditure−0.66Free cash flow12.43 +30.9%Buybacks−7.83Dividends paid−1.54Fiscal year 2026Operating cash flow15.00Capital expenditure−0.59Free cash flow14.40 +15.8%Buybacks−12.60Dividends paid−1.59
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 2.16 2.74 3.40 4.33 4.80 6.00 7.11 10.23 13.09 15.00
Capital expenditure −0.46 −0.53 −0.60 −0.64 −0.71 −0.72 −0.80 −0.74 −0.66 −0.59
Free cash flow 1.70 2.20 2.80 3.69 4.09 5.28 6.31 9.50 12.43 14.40
Growth +29.8% +27.2% +31.6% +10.9% +29.1% +19.5% +50.5% +30.9% +15.8%
Buybacks n/a n/a n/a n/a 0.00 0.00 −4.00 −7.62 −7.83 −12.60
Dividends paid n/a n/a n/a n/a n/a n/a 0.00 0.00 −1.54 −1.59

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash1.61Total debt2.01Net cash (debt)−0.40Shareholders’ equity8.23Debt to equity0.24Fiscal year 2018Cash2.54Total debt1.72Net cash (debt)0.82Shareholders’ equity10.38Debt to equity0.17Fiscal year 2019Cash2.67Total debt3.18Net cash (debt)−0.51Shareholders’ equity15.61Debt to equity0.20Fiscal year 2020Cash4.15Total debt2.68Net cash (debt)1.47Shareholders’ equity33.89Debt to equity0.08Fiscal year 2021Cash6.20Total debt2.68Net cash (debt)3.52Shareholders’ equity41.49Debt to equity0.06Fiscal year 2022Cash5.46Total debt10.60Net cash (debt)−5.13Shareholders’ equity58.13Debt to equity0.18Fiscal year 2023Cash7.02Total debt10.60Net cash (debt)−3.59Shareholders’ equity58.36Debt to equity0.18Fiscal year 2024Cash8.47Total debt9.43Net cash (debt)−0.95Shareholders’ equity59.65Debt to equity0.16Fiscal year 2025Cash8.85Total debt8.43Net cash (debt)0.42Shareholders’ equity61.17Debt to equity0.14Fiscal year 2026Cash7.33Total debt14.44Net cash (debt)−7.11Shareholders’ equity59.14Debt to equity0.24
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 1.61 2.54 2.67 4.15 6.20 5.46 7.02 8.47 8.85 7.33
Total debt 2.01 1.72 3.18 2.68 2.68 10.60 10.60 9.43 8.43 14.44
Net cash (debt) −0.40 0.82 −0.51 1.47 3.52 −5.13 −3.59 −0.95 0.42 −7.11
Shareholders’ equity 8.23 10.38 15.61 33.89 41.49 58.13 58.36 59.65 61.17 59.14
Debt to equity 0.24 0.17 0.20 0.08 0.06 0.18 0.18 0.16 0.14 0.24

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending January, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Jan 2017 FY2018 31 Jan 2018 FY2019 31 Jan 2019 FY2020 31 Jan 2020 FY2021 31 Jan 2021 FY2022 31 Jan 2022 FY2023 31 Jan 2023 FY2024 31 Jan 2024 FY2025 31 Jan 2025 FY2026 31 Jan 2026
Revenue and profit
8.44 10.54 13.28 17.10 21.25 26.49 31.35 34.86 37.90 41.53
Growth +24.9% +26.0% +28.7% +24.3% +24.7% +18.3% +11.2% +8.7% +9.6%
2.23 2.77 3.45 4.24 5.44 7.03 8.36 8.54 8.64 9.27
6.20 7.77 9.83 12.86 15.81 19.47 22.99 26.32 29.25 32.26
Growth +25.2% +26.6% +30.8% +22.9% +23.1% +18.1% +14.5% +11.2% +10.3%
1.21 1.55 1.89 2.77 3.60 4.47 5.06 4.91 5.49 5.99
0.97 1.09 1.35 1.70 2.09 2.60 2.55 2.53 2.84 3.00
0.22 0.45 0.54 0.30 0.46 0.55 1.03 5.01 7.21 8.33
Growth +108.3% +17.8% −44.5% +53.2% +20.4% +88.0% +386.5% +43.8% +15.6%
0.18 0.42 0.98 0.71 2.56 1.53 0.66 4.95 7.44 9.52
−0.14 0.06 −0.13 0.58 −1.51 0.09 0.45 0.81 1.24 2.06
0.32 0.36 1.11 0.13 4.07 1.44 0.21 4.14 6.20 7.46
Growth +11.5% +208.3% −88.6% +3,131.7% −64.5% −85.6% +1,888.5% +49.8% +20.3%
Per share
0.47 0.50 1.48 0.15 4.48 1.51 0.21 4.25 6.44 7.85
0.46 0.49 1.43 0.15 4.38 1.48 0.21 4.20 6.36 7.80
Growth +6.5% +191.8% −89.5% +2,820.0% −66.2% −85.8% +1,900.0% +51.4% +22.6%
688.0 715.0 751.0 829.0 908.0 955.0 992.0 974.0 962.0 950.0
700.0 735.0 775.0 850.0 930.0 974.0 997.0 984.0 974.0 956.0
Growth +5.0% +5.4% +9.7% +9.4% +4.7% +2.4% −1.3% −1.0% −1.8%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 14.3% a year over five years, and earnings per share grew 12.2% a year.
  • The diluted share count rose 2.8% in five years, which is dilution.
  • Operating margin is up 17.9 points on five years ago, at 20.1%.
  • Profitable in every one of the 10 years on file.