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.
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Salesforce, Inc. (CRM) Free cash flow margin
Salesforce, Inc.'s free cash flow margin over the twelve months to 31 July 2026 was 34.5%, down 0.2 percentage points from fiscal 2026 (34.7%). Over the past ten years it has ranged from 16.6% (fiscal 2015) to 34.7% (fiscal 2026) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.01% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2026 | 34.7% | 1.87 |
| FY2025 | 32.8% | 5.56 |
| FY2024 | 27.3% | 7.11 |
| FY2023 | 20.1% | 0.20 |
| FY2022 | 19.9% | 0.69 |
| FY2021 | 19.3% | (2.32) |
| FY2020 | 21.6% | 0.47 |
| FY2019 | 21.1% | 0.19 |
| FY2018 | 20.9% | 0.78 |
| FY2017 | 20.1% | (0.68) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| ADBE Adobe Inc. compare | 40.8% |
| CRM Salesforce, Inc. | 34.5% |
| NOW ServiceNow, Inc. compare | 31.1% |
| DDOG Datadog, Inc. compare | 27.0% |
| SAP SAP SE compare | 22.8% |
| SNOW Snowflake Inc. compare | 21.9% |
| ADP Automatic Data Processing, Inc. compare | 21.8% |
| UBER Uber Technologies, Inc. compare | 18.3% |
| SHOP Shopify Inc. compare | 17.7% |
| Software Application industry median | 5.01% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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