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CRMSalesforce

Technology · Software · NYSE
CRM quote by TradingView
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FY2025 at a glance

Sales up 9.6%, free cash flow up to $14.4B

XBRL, from each 10-K
RevenueStatements ↓
$41.5B
from $37.9B in FY2025
FY2017FY2025
Net incomeStatements ↓
$7.5B
from $6.2B in FY2025
FY2017FY2025
Free cash flowStatements ↓
$14.4B
from $12.4B in FY2025
FY2017FY2025
EPS (diluted)Statements ↓
$7.80
from $6.36 in FY2025
FY2017FY2025
Operating marginStatements ↓
20.1%
from 19.0% in FY2025
FY2017FY2025
Total debtStatements ↓
$14.4B
from $8.4B in FY2025
FY2017FY2025
Price and key numbers

The latest figures

All key numbers (40, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)10.92Sales (ttm)43.9BNet income (ttm)9.7BSales growth+9.6%EPS growth+22.6%Sales Q/Q+10.8%
Free cash flow15.2BGross margin77.3%Oper. margin19.9%Net margin22.0%FCF margin34.5%ROE25.2%
ROA8.8%R&D / sales14.4%Dividend-Debt/Eq1.02Curr. ratio0.84Cash8.3B
Op. cash flow (ttm)15.8BEBITDA9.5BEBITDA margin23.0%Net debt31.0BQuick ratio0.84Interest cover25.71
ROIC8.4%Tax rate21.7%Stock pay / sales8.5%Shares out.823.0MShares Y/Y-1.8%Book / share46.63
Cash / share10.10Sales / share53.39Asset turnover0.40Days sales out.126Sales 3Y CAGR+9.8%Sales 5Y CAGR+14.3%
EPS 3Y CAGR+234%EPS 5Y CAGR+12.2%Employees83,334Sales / employee527K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2025
  • Debt rose 71%$8.4B → $14.4B · Short-term + long-term debt at year end
What management wrote about it → · Every company →

CRM against Technology peers

Ten years, side by side → · All 75 →
GrowthProfitBalanceCleanInsiders
CRMPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth
+9.6%51st of 75 · median +14.1%
Net margin
22.0%31st of 75 · median 19.1%
Return on equity
25.2%32nd of 69 · median 23.9%
Free cash flow margin
34.5%16th of 71 · median 22.3%
Debt / equity (less is better)
1.0250th of 61 · median 0.46
CRM and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
CRM Salesforce$43.9B +9.6%77.3%22.0%25.2%34.5%1.02
SMCI Supermicro$54.0B +77.8%11.7%6.8%22.8%-12.0%0.25
AMD Advanced Micro Devices$45.4B +34.3%53.7%16.8%11.1%15.5%0.10
QCOM Qualcomm$43.1B -2.6%53.1%31.6%44.8%20.1%0.43
HPE Hewlett Packard Enterprise$41.9B +13.8%-6.7%10.5%9.9%0.76
JBL Jabil$36.0B +20.6%9.2%2.9%64.6%3.8%2.09
Where each dollar goes

From $26.5B of sales to $1.4B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $19.5BRevenue to Cost of revenue: $7.0BGross profit to Operating profit: $548.0MGross profit to Operating expenses: $18.9BOperating profit to Net profit: $460.0MOperating profit to Tax: $88.0MOther income to Net profit: $984.0MOperating expenses to R&D: $4.5BOperating expenses to Sales, admin & other: $14.5B Revenue: $26.5B Revenue$26.5B +25% Y/Y Gross profit: $19.5B · 73% margin Gross profit$19.5B73% margin +23% Y/Y Cost of revenue: $7.0B · 27% of revenue Cost of revenue$7.0B27% of revenue Operating profit: $548.0M · 2% margin Operating profit$548.0M2% margin +20% Y/Y Other income: $984.0M · 4% of revenue Other income$984.0M4% of revenue Operating expenses: $18.9B · 71% of revenue Operating expenses$18.9B71% of revenue Net profit: $1.4B · 5% margin Net profit$1.4B5% margin −65% Y/Y Tax: $88.0M · 0% of revenue Tax$88.0M0% of revenue R&D: $4.5B · 17% of revenue R&D$4.5B17% of revenue Sales, admin & other: $14.5B · 55% of revenue Sales, admin & other$14.5B55% of revenue

Swipe sideways for the whole flow →

From $31.4B of sales to $208.0M of profit

FY2023, from the 10-K income statement
Revenue to Gross profit: $23.0BRevenue to Cost of revenue: $8.4BGross profit to Operating profit: $1.0BGross profit to Operating expenses: $22.0BOperating profit to Net profit: $208.0MOperating profit to Tax & other: $822.0MOperating expenses to R&D: $5.1BOperating expenses to Sales, admin & other: $16.9B Revenue: $31.4B Revenue$31.4B +18% Y/Y Gross profit: $23.0B · 73% margin Gross profit$23.0B73% margin +18% Y/Y Cost of revenue: $8.4B · 27% of revenue Cost of revenue$8.4B27% of revenue Operating profit: $1.0B · 3% margin Operating profit$1.0B3% margin +88% Y/Y Operating expenses: $22.0B · 70% of revenue Operating expenses$22.0B70% of revenue Net profit: $208.0M · 1% margin Net profit$208.0M1% margin −86% Y/Y Tax & other: $822.0M · 3% of revenue Tax & other$822.0M3% of revenue R&D: $5.1B · 16% of revenue R&D$5.1B16% of revenue Sales, admin & other: $16.9B · 54% of revenue Sales, admin & other$16.9B54% of revenue

Swipe sideways for the whole flow →

From $34.9B of sales to $4.1B of profit

FY2024, from the 10-K income statement
Revenue to Gross profit: $26.3BRevenue to Cost of revenue: $8.5BGross profit to Operating profit: $5.0BGross profit to Operating expenses: $21.3BOperating profit to Net profit: $4.1BOperating profit to Tax & other: $875.0MOperating expenses to R&D: $4.9BOperating expenses to Sales, admin & other: $16.4B Revenue: $34.9B Revenue$34.9B +11% Y/Y Gross profit: $26.3B · 75% margin Gross profit$26.3B75% margin +14% Y/Y Cost of revenue: $8.5B · 25% of revenue Cost of revenue$8.5B25% of revenue Operating profit: $5.0B · 14% margin Operating profit$5.0B14% margin +387% Y/Y Operating expenses: $21.3B · 61% of revenue Operating expenses$21.3B61% of revenue Net profit: $4.1B · 12% margin Net profit$4.1B12% margin +1888% Y/Y Tax & other: $875.0M · 3% of revenue Tax & other$875.0M3% of revenue R&D: $4.9B · 14% of revenue R&D$4.9B14% of revenue Sales, admin & other: $16.4B · 47% of revenue Sales, admin & other$16.4B47% of revenue

Swipe sideways for the whole flow →

From $37.9B of sales to $6.2B of profit

FY2025, from the 10-K income statement
Revenue to Gross profit: $29.3BRevenue to Cost of revenue: $8.6BGross profit to Operating profit: $7.2BGross profit to Operating expenses: $22.0BOperating profit to Net profit: $6.2BOperating profit to Tax & other: $1.0BOperating expenses to R&D: $5.5BOperating expenses to Sales, admin & other: $16.6B Revenue: $37.9B Revenue$37.9B +9% Y/Y Gross profit: $29.3B · 77% margin Gross profit$29.3B77% margin +11% Y/Y Cost of revenue: $8.6B · 23% of revenue Cost of revenue$8.6B23% of revenue Operating profit: $7.2B · 19% margin Operating profit$7.2B19% margin +44% Y/Y Operating expenses: $22.0B · 58% of revenue Operating expenses$22.0B58% of revenue Net profit: $6.2B · 16% margin Net profit$6.2B16% margin +50% Y/Y Tax & other: $1.0B · 3% of revenue Tax & other$1.0B3% of revenue R&D: $5.5B · 14% of revenue R&D$5.5B14% of revenue Sales, admin & other: $16.6B · 44% of revenue Sales, admin & other$16.6B44% of revenue

Swipe sideways for the whole flow →

From $41.5B of sales to $7.5B of profit

FY2025, from the 10-K income statement and revenue by product
Agentforce Service to Revenue: $9.8BAgentforce Sales to Revenue: $9.0BAgentforce 360 Platform, Slack and Other to Revenue: $8.9BAgentforce Integration and Agentforce Analytics to Revenue: $6.2BAgentforce Marketing and Agentforce Commerce to Revenue: $5.4BProfessional services and other to Revenue: $2.1BRevenue 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 Agentforce Service: $9.8B · 24% Agentforce Service$9.8B24% Agentforce Sales: $9.0B · 22% Agentforce Sales$9.0B22% Agentforce 360 Platform, Slack and Other: $8.9B · 21% Agentforce 360 Platform…$8.9B21% Agentforce Integration and Agentforce Analytics: $6.2B · 15% Agentforce Integration…$6.2B15% Agentforce Marketing and Agentforce Commerce: $5.4B · 13% Agentforce Marketing an…$5.4B13% Professional services and other: $2.1B · 5% Professional services a…$2.1B5% Revenue: $41.5B Revenue$41.5B +10% Y/Y Gross profit: $32.3B · 78% margin Gross profit$32.3B78% margin +10% Y/Y Cost of revenue: $9.3B · 22% of revenue Cost of revenue$9.3B22% of revenue Operating profit: $8.3B · 20% margin Operating profit$8.3B20% margin +16% Y/Y Other income: $1.2B · 3% of revenue Other income$1.2B3% of revenue Operating expenses: $23.9B · 58% of revenue Operating expenses$23.9B58% of revenue Net profit: $7.5B · 18% margin Net profit$7.5B18% margin +20% Y/Y Tax: $2.1B · 5% of revenue Tax$2.1B5% of revenue R&D: $6.0B · 14% of revenue R&D$6.0B14% of revenue Sales, admin & other: $17.9B · 43% of revenue Sales, admin & other$17.9B43% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2025
  • Cost of revenue
  • Sales, admin & other
  • Net profit
  • R&D
  • Tax, less other income

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

4 of 4
  • ✓
    Net margin above the peer median22.0% vs 19.1%
  • ✓
    Gross margin up over 5 years74.4% → 77.7%
  • ✓
    Return on equity above 15%25.2%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2025: 3.8% → 18.0%

Balance sheet

2 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 25.7× interest expense
  • !
    Debt larger than equityDebt / equity 1.02 on the latest balance sheet (peer median 0.46)
  • !
    Current ratio below 1Current ratio 0.84
  • ✓
    Net debt under 3 years of free cash flow$28.7B net debt, 1.9 years
Debt / equity at each year end, FY2017 to FY2025: 0.24 → 0.24
What the debt is made of ↓

Cash and shareholders

2 of 3
  • ✓
    Free cash flow positive in every one of 10 years$14.4B last year
  • !
    Share count up over 5 years+2.8%
  • ✓
    Cash from operations above net income$15.0B vs $7.5B
Free cash flow, FY2017 to FY2025: 1.7B → 14.4B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

Debt

$10.2B of principal due, schedule of Jul 31, 2026

Repayment schedule →

From the balance sheet in the latest 10-K or 10-Q (XBRL). When each part falls due, year by year, and the debt note's own lines are on the Debt tab.

Revenue and net income, FY2017 to FY2025

Revenue 41.5B Net income 7.5B
FY2017 revenue 8.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-19-000009 FY2017 net income 323.0M · NetIncomeLoss, 0001108524-19-000009 8.4B FY2017 FY2018 revenue 10.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-20-000014 FY2018 net income 360.0M · NetIncomeLoss, 0001108524-20-000014 10.5B FY2018 FY2019 revenue 13.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-21-000014 FY2019 net income 1.1B · NetIncomeLoss, 0001108524-21-000014 13.3B FY2019 FY2020 revenue 17.1B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-22-000013 FY2020 net income 126.0M · NetIncomeLoss, 0001108524-22-000013 17.1B FY2020 FY2021 revenue 21.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-23-000011 FY2021 net income 4.1B · NetIncomeLoss, 0001108524-23-000011 21.3B FY2021 FY2022 revenue 26.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-24-000005 FY2022 net income 1.4B · NetIncomeLoss, 0001108524-24-000005 26.5B FY2022 FY2023 revenue 31.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-25-000006 FY2023 net income 208.0M · NetIncomeLoss, 0001108524-25-000006 31.4B FY2023 FY2024 revenue 34.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-26-000060 FY2024 net income 4.1B · NetIncomeLoss, 0001108524-26-000060 34.9B FY2024 FY2025 revenue 37.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-26-000060 FY2025 net income 6.2B · NetIncomeLoss, 0001108524-26-000060 37.9B FY2025 FY2025 revenue 41.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0001108524-26-000060 FY2025 net income 7.5B · NetIncomeLoss, 0001108524-26-000060 41.5B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Statements

Income statement, balance sheet and cash flow

XBRL, each 10-K and 10-Q

CRM's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue41.5B
FY2017: 8.4BFY2018: 10.5BFY2019: 13.3BFY2020: 17.1BFY2021: 21.3BFY2022: 26.5BFY2023: 31.4BFY2024: 34.9BFY2025: 37.9BFY2025: 41.5B FY2018FY2020FY2022FY2024FY2025
Net income7.5B
FY2017: 323.0MFY2018: 360.0MFY2019: 1.1BFY2020: 126.0MFY2021: 4.1BFY2022: 1.4BFY2023: 208.0MFY2024: 4.1BFY2025: 6.2BFY2025: 7.5B FY2018FY2020FY2022FY2024FY2025
Free cash flow14.4B
FY2017: 1.7BFY2018: 2.2BFY2019: 2.8BFY2020: 3.7BFY2021: 4.1BFY2022: 5.3BFY2023: 6.3BFY2024: 9.5BFY2025: 12.4BFY2025: 14.4B FY2018FY2020FY2022FY2024FY2025
EPS (diluted)7.80
FY2017: 0.46FY2018: 0.49FY2019: 1.43FY2020: 0.15FY2021: 4.38FY2022: 1.48FY2023: 0.21FY2024: 4.20FY2025: 6.36FY2025: 7.80 FY2018FY2020FY2022FY2024FY2025
Diluted shares956.0M
FY2017: 700.0MFY2018: 735.0MFY2019: 775.0MFY2020: 850.0MFY2021: 930.0MFY2022: 974.0MFY2023: 997.0MFY2024: 984.0MFY2025: 974.0MFY2025: 956.0M FY2018FY2020FY2022FY2024FY2025

Revenue by product or service

year to Jan 31, 2026
RevenueSharevs year before
Subscription and support 39.4B94.9% +10.4%
Agentforce Service 9.8B23.6% +8.4%
Agentforce Sales 9.0B21.7% +8.5%
Agentforce 360 Platform, Slack and Other 8.9B21.4% +22.6%
Agentforce Integration and Agentforce Analytics 6.2B15.0% +7.9%
Agentforce Marketing and Agentforce Commerce 5.4B13.1% +2.8%
Professional services and other 2.1B5.1% -3.6%

10-K 0001108524-26-000060, segment and revenue notes (XBRL).

Revenue by region

year to Jan 31, 2026
RevenueSharevs year before
Americas 27.2B65.5% +8.2%
Europe 10.0B24.1% +12.7%
Asia Pacific 4.3B10.4% +11.8%

10-K 0001108524-26-000060, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2025
Revenue8.4B10.5B13.3B17.1B21.3B26.5B31.4B34.9B37.9B41.5B
Cost of revenue2.2B2.8B3.5B4.2B5.4B7.0B8.4B8.5B8.6B9.3B
Gross profit6.2B7.8B9.8B12.9B15.8B19.5B23.0B26.3B29.3B32.3B
R&D1.2B1.6B1.9B2.8B3.6B4.5B5.1B4.9B5.5B6.0B
SG&A966.0M1.1B1.3B1.7B2.1B2.6B2.6B2.5B2.8B3.0B
Operating income218.0M454.0M535.0M297.0M455.0M548.0M1.0B5.0B7.2B8.3B
Interest expense89.0M87.0M154.0M110.0M110.0M216.0M300.0M283.0M272.0M324.0M
Pretax income179.0M420.0M983.0M706.0M2.6B1.5B660.0M5.0B7.4B9.5B
Income tax-144.0M60.0M-127.0M580.0M-1.5B88.0M452.0M814.0M1.2B2.1B
Net income323.0M360.0M1.1B126.0M4.1B1.4B208.0M4.1B6.2B7.5B
EPS (diluted)0.460.491.430.154.381.480.214.206.367.80
Diluted shares700.0M735.0M775.0M850.0M930.0M974.0M997.0M984.0M974.0M956.0M
Depreciation & amortization632.0M373.0M411.0M455.0M579.0M678.0M903.0M1.1B1.0B1.2B
EBITDA850.0M827.0M946.0M752.0M1.0B1.2B1.9B6.1B8.2B9.5B
Gross margin73.5%73.7%74.0%75.2%74.4%73.5%73.3%75.5%77.2%77.7%
Operating margin2.6%4.3%4.0%1.7%2.1%2.1%3.3%14.4%19.0%20.1%
Net margin3.8%3.4%8.4%0.7%19.2%5.5%0.7%11.9%16.4%18.0%
Revenue growth-+24.9%+26.0%+28.7%+24.3%+24.7%+18.3%+11.2%+8.7%+9.6%
EPS growth-+6.5%+192%-89.5%+2820%-66.2%-85.8%+1900%+51.4%+22.6%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2025
Cash1.6B2.5B2.7B4.1B6.2B5.5B7.0B8.5B8.8B7.3B
Short-term investments602.3M2.0B1.7B3.8B5.8B5.1B5.5B5.7B5.2B2.2B
Receivables3.2B3.9B4.9B6.2B7.8B9.7B10.8B11.4B11.9B14.3B
Current assets6.0B9.6B10.7B16.0B21.9B22.9B26.4B29.1B29.7B28.2B
Property & equipment1.8B1.9B2.1B2.4B2.5B-----
Goodwill7.3B7.3B12.9B25.1B26.3B47.9B48.6B48.6B51.3B57.9B
Total assets17.6B22.0B30.7B55.1B66.3B95.2B98.8B99.8B102.9B112.3B
Accounts payable115.3M76.0M165.0M-------
Current liabilities7.3B10.1B11.3B14.8B17.7B21.8B25.9B26.6B28.0B37.1B
Total debt2.0B1.7B3.2B2.7B2.7B10.6B10.6B9.4B8.4B14.4B
Total liabilities10.1B11.6B15.1B21.2B24.8B37.1B40.5B40.2B41.8B53.2B
Shareholders' equity8.2B10.4B15.6B33.9B41.5B58.1B58.4B59.6B61.2B59.1B
Retained earnings-464.9M635.0M1.7B1.9B5.9B7.4B7.6B11.7B16.4B22.2B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2025
Operating cash flow2.2B2.7B3.4B4.3B4.8B6.0B7.1B10.2B13.1B15.0B
Capital spending464.0M534.0M595.0M643.0M710.0M717.0M798.0M736.0M658.0M594.0M
Free cash flow1.7B2.2B2.8B3.7B4.1B5.3B6.3B9.5B12.4B14.4B
Stock-based pay (added back)820.0M997.0M1.3B1.8B2.2B2.8B3.3B2.8B3.2B3.5B
Dividends paid------001.5B1.6B
Buybacks----004.0B7.6B7.8B12.6B
Acquisitions3.2B25.0M5.1B369.0M1.3B14.9B439.0M82.0M2.7B9.3B
Debt repaid0123.2M--------
Investing cash flow-2.7B-2.0B-5.3B-3.0B-4.0B-14.5B-2.0B-1.3B-3.2B-8.6B
Financing cash flow998.0M221.0M2.0B164.0M1.2B7.8B-3.6B-7.5B-9.4B-8.1B

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2025
Stock-based pay (expense)820.0M997.0M1.3B1.8B2.2B2.8B3.3B2.8B3.2B3.5B
Stock-based pay / revenue9.7%9.5%9.7%10.4%10.3%10.5%10.5%8.0%8.4%8.5%
Operating lease cost---913.0M1.2B1.1B986.0M1.0B684.0M614.0M
Operating lease cash paid---827.0M905.0M873.0M769.0M716.0M628.0M695.0M
Finance lease principal paid--131.0M173.0M103.0M156.0M419.0M629.0M603.0M584.0M
Right-of-use assets---3.0B3.2B2.9B2.9B2.4B2.2B2.0B
Operating lease liabilities---3.2B3.6B3.4B3.5B3.2B3.0B2.7B
Finance lease liabilities---385.0M128.0M385.0M791.0M974.0M678.0M535.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

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