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Saturday 31 October 2026 Export CRM’s income statement to Excel — free account

Salesforce, Inc.

CRM Technology Software Application

Salesforce, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $41.5 billion, up 9.58% from fiscal 2025. In the quarter to July 2026, revenue grew 10.8%, EPS grew 118.3%, free cash flow grew 81.5% and total debt rose 365.7%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for three consecutive years, revenue growth for ten, operating cash flow growth for ten; insiders bought in the last twelve months.

228.85 2.05 −0.89%
Market cap
$190.0B
P/E
20.8×
Fwd P/E
23.8×
Dividend yield
0.76%
F-score
7/9
Altman Z
3.07
Beneish M
−2.66
Dividend safety
74/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions trades per month

Total buys 27.02
Total sells 33.74
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 2 — — 1 — — — — — 1 —
Sell 1 1 1 — — — — — — — 1 —
Insider Ownership 2.80%

Capital & Financial Ratios $m

Market Cap 190,030.00
Revenue 43,938.00
Net Income 9,662.00
Free Cash Flow 15,154.00
Net Debt 27,885.00
Current Ratio 0.84 (below 1: weak)
Debt/Equity 1.02
P/E ratio 20.79
Fwd P/E 23.80
P/S ratio 4.27
P/B ratio 4.89
Past 5Y EPS Growth 12.23%
This Y EPS Growth 33.81% (at or above 15%: strong)
Next Y EPS Growth (4.10%) (below 0%: weak)
Next Y revenue growth (71.41%) (below 0%: weak)
Next 5Y EPS Growth 13.91%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 5.0×, against a ten-year median of 7.2×; over the ten years it ranged from 3.9× in 2026 to 12.4× in 2020.
P/E against its own 10 years 2.86%
10-year low 10-year high
P/S against its own 10 years 4.55%
10-year low 10-year high
P/B against its own 10 years 50.53%
10-year low 10-year high
EV/Sales against its own 10 years 7.75%
10-year low 10-year high
EV/FCF against its own 10 years 5.44%
10-year low 10-year high

Dividends

Payout Ratio 0.16
Annual Dividend Rate 1.74
Annual Dividend Yield 0.76%
total individual payouts
2029 Powerpack
2028 Powerpack
2027 Powerpack
2026 0.47
0.44
0.44
0.44
2025 0.42
0.42
0.42
0.42
0.42
2024 1.60
0.40
0.40
0.40
0.40
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 14,194 14,032 9,565 11,403
Receivables 11,414 11,945 14,339 6,320
Inventory — — — —
Other 1,905 1,971 2,075 2,074
29,074 29,727 28,222 22,083
2024 2025 2026 Q'26
Payables 6,111 6,658 8,253 7,018
ST’ Debt 999 — 4,000 —
Other 19,003 20,743 24,317 18,787
26,631 27,980 37,118 26,336

Compound Annual Growth %

10y 5y 3y
Sales 20.07% 14.34% 9.82%
Cash Flow 24.53% 25.58% 28.24%
Earnings 0.00% 12.86% 229.74%
Book Value 28.02% 7.35% 0.45%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 3.27 Actual 5.90

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY26 2.85 3.25 Beat by 0.40
Q4 FY25 3.03 3.81 Beat by 0.78
Q1 FY27 3.12 3.88 Beat by 0.76
Q2 FY27 3.27 5.90 Beat by 2.63
Q3 FY27 3.43 — Reports 2 December 2026

EPS $

Apr Jul Oct Jan Year
’26 2.42 4.29 — — —
’26 1.59 1.96 2.19 2.07 7.80
’25 1.56 1.47 1.58 1.75 6.36
’24 0.20 1.28 1.25 1.47 4.20
’23 0.03 0.07 0.21 (0.10) 0.21
’22 0.50 0.56 0.47 (0.03) 1.48
’21 0.11 2.85 1.15 0.28 4.38
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 11,133 11,345 — — —
’26 9,829 10,236 10,259 11,201 41,525
’25 9,133 9,325 9,444 9,993 37,895
’24 8,247 8,603 8,720 9,287 34,857
’23 7,411 7,720 7,837 8,384 31,352
’22 5,963 6,340 6,863 7,326 26,492
’21 4,865 5,151 5,419 5,817 21,252
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 6,701 1,269 — — —
’26 6,476 740 2,316 5,464 14,996
’25 6,247 892 1,983 3,970 13,092
’24 4,491 808 1,532 3,403 10,234
’23 3,676 334 313 2,788 7,111
’22 3,228 386 404 1,982 6,000
’21 1,859 429 339 2,174 4,801
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 6,556 1,098 — — —
’26 6,297 605 2,177 5,323 14,402
’25 6,084 755 1,779 3,816 12,434
’24 4,248 628 1,366 3,256 9,498
’23 3,497 131 115 2,570 6,313
’22 3,057 173 238 1,815 5,283
’21 1,536 315 215 2,025 4,091
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 69.00 102.27 130.10 115.29 201.51 126.34 133.03 212.00 221.96 146.32 +8.7% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 109.19 161.19 167.56 284.50 311.75 256.87 268.36 369.00 367.09 268.27 +10.5% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 25,000 29,000 35,000 49,000 56,606 73,541 79,390 72,682 76,453 83,334 +14.3% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.34 0.36 0.38 0.35 0.38 0.36 0.39 0.48 0.50 0.50 +4.4% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 8,437 10,540 13,282 17,098 21,252 26,492 31,352 34,857 37,895 41,525 +19.4% 11,871 13,023 14,283 (29.9%)
Gross margin, % 73.52 73.69 74.02 75.23 74.41 73.48 73.34 75.50 77.19 77.68 +4.2 pt
EBT 179 420 983 706 2,561 1,532 660 4,950 7,438 9,520 +55.5%
EBT margin, % 2.12 3.98 7.40 4.13 12.05 5.78 2.11 14.20 19.63 22.93 +20.8 pt
Net income 323 360 1,110 126 4,072 1,444 208 4,136 6,197 7,457 +41.7%
Depreciation 1,133 1,376 1,719 3,011 3,904 4,646 5,454 5,884 5,572 5,828 +20.0%
Per share, $
Per share, $ Revenue 12.26 14.74 17.69 20.62 23.41 27.74 31.60 35.79 39.39 43.71 +15.2%
Earnings 0.47 0.50 1.48 0.15 4.48 1.51 0.21 4.25 6.44 7.85 +36.7%
Cash flow 3.14 3.83 4.52 5.22 5.29 6.28 7.17 10.51 13.61 15.79 +19.6%
Capex (0.67) (0.75) (0.79) (0.78) (0.78) (0.75) (0.80) (0.76) (0.68) (0.63) (0.8%)
Free cash flow 2.47 3.08 3.73 4.45 4.51 5.53 6.36 9.75 12.93 15.16 +22.3%
Book value 10.90 14.51 20.78 40.87 45.70 60.87 58.83 61.24 63.59 62.25 +21.4%
Shares, m 688 715 751 829 908 955 992 974 962 950 +3.7%
Valuation, ×
Valuation, × P/E 165.07 226.28 102.68 792.65 50.88 152.05 799.86 66.14 53.06 26.82 243.5
P/S 6.45 7.73 8.59 8.84 9.76 8.39 5.31 7.85 8.67 4.82 7.6
P/B 7.26 7.85 7.31 4.46 5.00 3.82 2.86 4.59 5.37 3.39 5.2
EV/Sales 6.45 7.46 8.54 8.58 9.36 8.39 5.25 7.72 8.55 4.94 7.5
EV/FCF 32.04 35.68 40.48 39.77 48.63 42.06 26.09 28.32 26.07 14.24 33.3
Cash, $m
Cash, $m Operating cash flow 2,162 2,738 3,398 4,331 4,801 6,000 7,111 10,234 13,092 14,996 +24.0%
Capex (464) (534) (595) (643) (710) (717) (798) (736) (658) (594) +2.8%
Free cash flow 1,698 2,204 2,803 3,688 4,091 5,283 6,313 9,498 12,434 14,402 +26.8%
Balance, $m
Balance, $m Working capital (1,299) (483) (572) 1,118 4,161 1,062 504 2,443 1,747 (8,896) +23.8%
Total debt 2,028 1,720 3,376 3,476 3,474 10,596 10,601 9,426 8,433 14,439 +24.4%
Net debt (180) (2,801) (966) (4,471) (8,492) 59 (1,907) (4,768) (5,599) 4,874 n/m
Shareholders’ equity 7,500 10,376 15,605 33,885 41,493 58,131 58,359 59,646 61,173 59,142 +25.8%
Returns, %
Returns, % ROA 2.13 1.82 4.21 0.29 6.71 1.79 0.21 4.16 6.11 6.93 +4.8 pt
ROIC 1.86 3.75 2.28 0.63 0.86 0.59 1.14 5.71 8.10 8.13 +6.3 pt
ROE 5.17 4.03 8.54 0.51 10.80 2.90 0.36 7.01 10.26 12.40 +7.2 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Agentforce Service 9,818 23.64%
Agentforce Sales 9,028 21.74%
Agentforce 360 Platform, Slack and Other 8,882 21.39%
Agentforce Integration and Agentforce Analytics 6,232 15.01%
Agentforce Marketing and Agentforce Commerce 5,428 13.07%
Professional services and other 2,137 5.15%
Gross margin 77.68%
Operating margin 20.06%
Pre-tax margin 22.93%

Revenue by segment since 2009

Salesforce, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SAP SAP SE $264.3B 29.4× 30.0× +12.08% (above 0%: growing) +33.33% (above 0%: growing) +15.69% (above 0%: growing) 73.17% 26.77% Compare
SHOP Shopify Inc. $214.7B 107× 104× +33.69% (above 0%: growing) +65.71% (above 0%: growing) +54.98% (above 0%: growing) 47.67% 13.62% Compare
CRM Salesforce, Inc. $190.0B 20.8× 23.8× +10.83% (above 0%: growing) +118.27% (above 0%: growing) +81.49% (above 0%: growing) 76.65% 20.55%
UBER Uber Technologies, Inc. $134.3B 14.1× 21.0× +12.17% (above 0%: growing) +81.54% (above 0%: growing) +12.81% (above 0%: growing) 44.93% 13.32% Compare
SNOW Snowflake Inc. $116.5B — (loss-making) — (loss-making) +35.09% (above 0%: growing) n/m +47.23% (above 0%: growing) 67.02% (17.00%) Compare
NOW ServiceNow, Inc. $113.8B 65.1× 101× +24.01% (above 0%: growing) −22.04% (below 0%: shrinking) −10.08% (below 0%: shrinking) 70.68% 4.06% Compare
ADP Automatic Data Processing, Inc. $113.4B 26.8× 24.9× +6.77% (above 0%: growing) +9.37% (above 0%: growing) −5.49% (below 0%: shrinking) 45.88% 23.00% Compare
ADBE Adobe Inc. $96.6B 14.0× 14.5× +12.89% (above 0%: growing) +10.77% (above 0%: growing) +14.68% (above 0%: growing) 88.71% 34.82% Compare
DDOG Datadog, Inc. $95.5B 461× 486× +35.64% (above 0%: growing) +1,610.53% (above 0%: growing) +68.55% (above 0%: growing) 78.59% 0.49% Compare
Median of peers $115.2B 29.4× 30.0× +18.45% +33.33% +15.19% 68.85% 13.47%

All 230 Software Application stocks →

Business profile

Updated

Salesforce is a customer relationship management technology company founded in 1999. Marc Benioff is Chair of the Board and Chief Executive Officer. It sells cloud software that helps businesses keep customer information, sales activity, service cases, marketing, commerce, collaboration and business data in connected systems.

Its Agentforce 360 Platform combines applications, data, automation and AI agents. The platform is intended to give a customer one view of its customers across systems, applications and devices. Businesses can use it to manage sales pipelines, provide customer and field service, run marketing and commerce activity, connect systems through APIs, and analyze data.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Cantor Fitzgerald Oct 22, 2026 Upgrade Outperform 300.00
Bank of America Oct 22, 2026 Upgrade Underperform → Buy 285.00
UBS Oct 21, 2026 Reiterated Hold —
Citizens Oct 12, 2026 Reiterated Outperform 315.00
Oppenheimer Oct 12, 2026 Reiterated Outperform 275.00
Yorkville Ives Oct 12, 2026 Initiated Outperform 290.00
BofA Securities Oct 12, 2026 Upgrade Underperform → Buy 160.00 → 285.00
BofA Oct 12, 2026 Target raised — 160.00 → 285.00

Pay and ownership Proxy statement filed 16 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 49.38m (49.21m) 94.12

Ownership

Directors and executive officers, together 3.50%
The Vanguard Group100 Vanguard Boulevard, Malvern, Pennsylvania 10.20%
BlackRock, Inc.50 Hudson Yards, New York, New York 8.90%
State Street Corporation1 Congress Street, Suite 6.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Salesforce, Inc. (CRM) Latest News

30 Oct

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29 Oct

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28 Oct

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27 Oct

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26 Oct

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CRM metrics, ten years each

stockrow.com/CRM · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com