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Screener / SEC EDGAR /CIK 0001108524 /10-K filed Mar 2, 2026, compared with Mar 5, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
HPESMCICRMQCOMAMDJBL
NYSE Technology · Software

Salesforce CRM

CRM quote by TradingView

Salesforce, Inc. (“Salesforce,” the “Company,” “we” or “our”) is a global leader in customer relationship management (“CRM”) technology, helping organizations of any size become agentic enterprises. 10-K, Item 1

Employees
83,334
Headquarters
San Francisco, CA
CEO
Marc Benioff
Next results
around Dec 2, 2026
Compare with peers Embed

Where each dollar of revenue went, FY2026

Revenue of $41.5B through the costs to a net profit of $7.5B · income statement of the 10-K

20% operating margin
Revenue to Gross profit: $32.3BRevenue to Cost of revenue: $9.3BGross profit to Operating profit: $8.3BGross profit to Operating expenses: $23.9BOperating profit to Net profit: $6.3BOperating profit to Tax: $2.1BOther income to Net profit: $1.2BOperating expenses to R&D: $6.0BOperating expenses to Sales, admin & other: $17.9B Revenue: $41.5B REVENUE $41.5B +10% Y/Y Gross profit: $32.3B · 78% margin GROSS PROFIT $32.3B 78% margin · +10% Y/Y Cost of revenue: $9.3B · 22% of revenue COST OF REVENUE $9.3B 22% of revenue Operating profit: $8.3B · 20% margin OPERATING PROFIT $8.3B 20% margin · +16% Y/Y Other income: $1.2B · 3% of revenue OTHER INCOME $1.2B 3% of revenue Operating expenses: $23.9B · 58% of revenue OPERATING EXPENSES $23.9B 58% of revenue Net profit: $7.5B · 18% margin NET PROFIT $7.5B 18% margin · +20% Y/Y Tax: $2.1B · 5% of revenue TAX $2.1B 5% of revenue R&D: $6.0B · 14% of revenue R&D $6.0B 14% of revenue Sales, admin & other: $17.9B · 43% of revenue SALES, ADMIN & OTHER $17.9B 43% of revenue
Gross profit $32.3B 78% margin · +10% Y/Y
Operating profit $8.3B 20% margin · +16% Y/Y
Net profit $7.5B 18% margin · +20% Y/Y
The full income statement, year by year

CRM among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 9.6%, above 32% of 74 peers (their median 14.1%) REVENUE GROWTH 9.6% · above 32% Gross margin: 77.3%, above 82% of 67 peers (their median 56.4%) GROSS MARGIN 77.3% · above 82% Operating margin: 19.9%, above 40% of 70 peers (their median 23.8%) OPERATING MARGIN 19.9% · above 40% Net margin: 22.0%, above 59% of 74 peers (their median 18.9%) NET MARGIN 22.0% · above 59% FCF margin: 34.5%, above 79% of 70 peers (their median 22.3%) FCF MARGIN 34.5% · above 79% Return on capital: 8.4%, above 36% of 61 peers (their median 12.7%) RETURN ON CAPITAL 8.4% · above 36%
CRM Peer median Below the median

What changed

20 new risk paragraphs and 2 accounting facts worth reading about. 10-K filed Mar 2, 2026 against Mar 5, 2025.

Risk factors
20 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +20.0% vs revenue +9.6% (+10.5 pts)
10-K · XBRL
Critical audit matters changed
New this year: Business Combinations – Valuation of intangible assets (“As described in Note 7 to the consolidated financial statements, the Company completed the acquisition of Informatica, Inc. during fiscal year 2026 for total net consideration of $9.6 billion. In connection with this acquisition, management recognized customer relationship and developed technology i”). No longer listed: Impairment of Strategic Investments. Same as last year: Revenue Recognition
10-K · XBRL
Accounting checks
8 other checks clear, 2 worth a look
10-K · XBRL
Insiders
1 open-market buy in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 8 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +20.0% vs revenue +9.6% (+10.5 pts)
  • Critical audit matters changed
    New this year: Business Combinations – Valuation of intangible assets (“As described in Note 7 to the consolidated financial statements, the Company completed the acquisition of Informatica, Inc. during fiscal year 2026 for total net consideration of $9.6 billion. In connection with this acquisition, management recognized customer relationship and developed technology i”). No longer listed: Impairment of Strategic Investments. Same as last year: Revenue Recognition
  • Cash from operations $15.0B vs net income $7.5B (FY ending Jan 31, 2026)
7 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

20 paragraphs in Risk Factors that were not in the 10-K filed Mar 5, 2025. Quoted as filed.

All 20 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Mar 5, 2025 10-K, ITEM 1A
    We are increasingly building AI into many of our offerings, including generative and agentic AI. As with many technical innovations, AI offerings, such as Agentforce, and our Agentforce 360 Platform present additional risks and challenges that could affect customer adoption and therefore our business. For example, the development and…
  2. Item 1A · new paragraph · not in the 10-K filed Mar 5, 2025 10-K, ITEM 1A
    These laws continue to evolve and expand, including through the adoption of new comprehensive data protection regimes such as India’s Digital Personal Data Protection Act 2023, and through the introduction of additional implementing rules and regulations in various jurisdictions. As a result, we and our customers may become subject to…
  3. Item 1A · new paragraph · not in the 10-K filed Mar 5, 2025 10-K, ITEM 1A
    Global tax developments may have a material impact to our business, cash flows, or financial results. For example, heightened interest in multinationals participating in the digital economy led many countries to adopt Pillar Two, a 15% corporate minimum tax proposed by the Organization for Economic Cooperation and Development (“OECD”).…
  4. Item 1A · new paragraph · not in the 10-K filed Mar 5, 2025 10-K, ITEM 1A
    Our quarterly results have fluctuated, and are likely to fluctuate in the future, as a result of a number of known and unknown factors, including: the factors described in this Item 1, Part 1A of this Annual Report; the cyclical nature and seasonality of our sales cycle and our customers’ businesses, especially our Commerce service…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

From the same starting line, FY2017 to FY2026

Revenue, net income and free cash flow, each set to 100 in FY2017. What happened, from the 10-Ks. Not a forecast.

FY2017 = 100
0 1000 2000 100 Revenue: $8.4B in FY2017, $41.5B in FY2026 REVENUE $41.5B · 4.9x Net income: $323.0M in FY2017, $7.5B in FY2026 NET INCOME $7.5B · 23.1x Free cash flow: $1.7B in FY2017, $14.4B in FY2026 FREE CASH FLOW $14.4B · 8.5x FY2017 = 100FY2022FY2026
Revenue 4.9x $8.4B to $41.5B
Net income 23.1x $323.0M to $7.5B
Free cash flow 8.5x $1.7B to $14.4B

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2023FY2024FY2025FY2026
Revenue$31.4B$34.9B$37.9B$41.5B
Net income$208.0M$4.1B$6.2B$7.5B
Operating cash flow$7.1B$10.2B$13.1B$15.0B
Free cash flow$6.3B$9.5B$12.4B$14.4B

Revenue, FY2017 to FY2026

Ten fiscal years, each from its own 10-K · XBRL · USD

$41.5B ▲ 9.6% in FY2026

FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

Salesforce, San Francisco, CA · from the 10-K filed Mar 2, 2026

Salesforce, Inc. (“Salesforce,” the “Company,” “we” or “our”) is a global leader in customer relationship management (“CRM”) technology, helping organizations of any size become agentic enterprises. Founded in 1999, we bring humans, agents, applications, and data together on a trusted, unified platform to unlock growth and innovation. Our artificial intelligence (“AI”) powered Agentforce 360 Platform unites our offerings - spanning sales, service, marketing, commerce, collaboration, data management, integration, analytics, IT service, industry verticals and more - on a single, intelligent platform for trusted enterprise execution.

Headquarters
San Francisco, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
January 31
Last results
Aug 26, 2026
Incorporated in
DE

Employees, at the top of the page: "As of January 31, 2026, we had 83,334 employees" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Mar 2, 2026 (open at SEC), compared with the 10-K filed Mar 5, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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