Salesforce
CRM NYSE· Application Software
Last close · Oct 26, 2026
$247.61
KIRA · Stoqly’s AI analyst, in plain words
- Salesforce had $41.5B of revenue in fiscal 2026, up 9.6% on the year before. Over five years, revenue changed +14.3% a year on average.
- Its operating margin was 20.1%, up 1.0 pts: of every 100 in sales, about 20 is left after running the business.
- Salesforce made $7.5B of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 37.0% a year.
- Free cash flow was $14.4B in fiscal 2026, 34.7% of revenue.
- Salesforce returned $14.2B to shareholders in fiscal 2026, 98% of free cash flow. The diluted share count fell 1.9%.
- Salesforce owes $5.4B more than it holds in cash, about 0.6 years of operating profit.
Market cap
$203.3B
P/E
22.6x
Revenue
$41.5B
Net income
$7.5B
Free cash flow
$14.4B
Operating margin
20.1%
Salesforce in 30 seconds · fiscal 2026
Are sales growing?
+9.6%
Yes. Sales grew 9.6% last year.
Does it make a profit?
18.0%
Yes. It keeps 18.0% of every sale as profit.
Does profit turn into cash?
34.7%
Yes. 34.7% of sales ends up as free cash.
Is debt under control?
0.6x
Yes. It could repay its debt with 0.6 years of operating profit.
How healthy are the accounts?
7 / 9
Solid. It passes 7 of 9 health tests.
How is the share priced?
22.6x
One share costs 22.6 times its yearly profit per share. Typical for its sector: 33.5x.
What Salesforce does
Salesforce sells business software that runs over the internet. Its programs help companies keep track of their customers and handle sales, customer service, marketing and online stores. It also sells the Slack workplace chat app, Tableau for charts and analysis, MuleSoft for connecting different computer systems, and tools for building apps on its platform. Its newest product, Agentforce, lets customers set up AI agents, software that can answer questions and carry out tasks on its own. It sells to businesses of all sizes in almost every industry, mostly through its own sales staff and also through partners. Revenue was $41.5 billion in the fiscal year that ended in January 2026. Subscriptions and support, the fees customers pay to use the software, made up about 95 percent of it, and professional services the rest. No single customer made up more than ten percent of revenue.
Biggest risks, in its own words
- Outages or flaws in its online services, or in the outside data centers and cloud providers it relies on.
- Fierce competition, including from new AI companies, in markets where products change fast.
- Acquisitions such as Informatica may prove hard to fold in or fail to bring the expected benefits.
- Ethical, legal and reputational risks from building AI into its products.
- Fiscal year ends
- January 31, 2026
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- Salesforce, Inc.
- CIK
- 0001108524
Salesforce · CRM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $26.5B | $31.4B | $34.9B | $37.9B | $41.5B |
| Revenue growth | 24.7% | 18.4% | 11.2% | 8.7% | 9.6% |
| Gross margin | 73.5% | 73.3% | 75.5% | 77.2% | 77.7% |
| Operating margin | 2.1% | 3.3% | 14.4% | 19.0% | 20.1% |
| Net income | $1.4B | $208M | $4.1B | $6.2B | $7.5B |
| Net margin | 5.5% | 0.7% | 11.9% | 16.4% | 18.0% |
| Diluted EPS | $1.48 | $0.21 | $4.20 | $6.36 | $7.80 |
| Cash | |||||
| Cash from operations | $6.0B | $7.1B | $10.2B | $13.1B | $15.0B |
| Capital expenditure | $717M | $798M | $736M | $658M | $594M |
| Free cash flow | $5.3B | $6.3B | $9.5B | $12.4B | $14.4B |
| FCF margin | 19.9% | 20.1% | 27.3% | 32.8% | 34.7% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $1.5B | $1.6B |
| Share buybacks | $0.0M | $4.0B | $7.6B | $7.8B | $12.6B |
| Share count change | 4.7% | 2.4% | −1.3% | −1.0% | −1.9% |
| Debt and strength | |||||
| Cash and short-term investments | $10.5B | $12.5B | $14.2B | $14.0B | $9.6B |
| Debt incl. finance leases | $11.0B | $11.4B | $10.4B | $9.1B | $15.0B |
| Shareholders' equity | $58.1B | $58.4B | $59.6B | $61.2B | $59.1B |
| Net debt / EBITDA | 0.4x | −0.6x | −0.6x | −0.6x | 0.6x |
| Current ratio | 1.1x | 1.0x | 1.1x | 1.1x | 0.8x |
| Interest coverage | 2.5x | 3.4x | 17.7x | 26.5x | 25.7x |
| Returns and quality | |||||
| Return on capital | 1.1% | 0.9% | 7.4% | 10.7% | 10.8% |
| Return on equity | 2.9% | 0.4% | 7.0% | 10.3% | 12.4% |
| Piotroski F-score | 4 | 4 | 9 | 8 | 7 |
| Altman Z'' | 2.0 | 1.9 | 2.4 | 2.6 | 1.8 |
Insiders bought, 12 months
$27.5M
3 insiders
Insiders sold, 12 months
$36.0M
4 insiders
Of sales under plans
94%
$33.9M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Salesforce · CRM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Salesforce CRM | $203.3B | 9.6% | 20.1% | 34.7% | 10.8% | 22.6x | 7 |
| Oracle ORCL | $378.2B | 17.4% | 30.6% | −35.2% | 14.2% | 19.8x | 5 |
| Adobe ADBE | $102.3B | 10.5% | 36.6% | 41.5% | 65.9% | 14.4x | 7 |
| Intuit INTU | $94.1B | 13.9% | 27.4% | 40.4% | 22.0% | — | 6 |
| Workday WDAY | $51.4B | 13.1% | 7.6% | 29.1% | 10.6% | 42.2x | 7 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $247.61 a share, the company is worth $203.3B: 22.6 times its earnings of the last four quarters.
Salesforce grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 2 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001108524). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.