CRM Financials Salesforce

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Aug 30, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 14.3% per year over the past 5 years.
Net income has grown slower than revenue (12.9% vs 14.3% per year).
Operating margin has expanded, at 20.1% in the latest year.
Free cash flow has grown 28.6% per year over the past 5 years.

Financial health

Total debt ($14.4B) exceeds cash ($7.3B); net debt is $7.1B.
Total debt has grown faster than revenue (40.1% vs 14.3% per year).
Total debt is 1.5× EBITDA.

Shareholder returns

Dividends have been paid for 2 consecutive years, consuming 21.3% of earnings and 11.0% of free cash flow.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$41.5B	$7.5B	77.7%	20.1%	12.6%	6.6%	$14.4B	$14.4B	$7.3B
2025	$37.9B	$6.2B	77.2%	19.0%	10.1%	6.0%	$12.4B	$8.4B	$8.8B
2024	$34.9B	$4.1B	75.5%	14.4%	6.9%	4.1%	$9.5B	$9.4B	$8.5B
2023	$31.4B	$208M	73.3%	3.3%	0.4%	0.2%	$6.3B	$10.6B	$7.0B
2022	$26.5B	$1.4B	73.5%	2.1%	2.5%	1.5%	$5.3B	$10.6B	$5.5B
2021	$21.3B	$4.1B	74.4%	2.1%	9.8%	6.1%	$4.1B	$2.7B	$6.2B
2020	$17.1B	$126M	75.2%	1.7%	0.4%	0.2%	$3.7B	$2.7B	$4.1B
2019	$13.3B	$1.1B	74.0%	4.0%	7.1%	3.6%	$2.8B	$3.2B	$2.7B
2018	$10.5B	$360M	73.7%	4.3%	3.5%	1.6%	$2.2B	$1.7B	$2.5B
2017	$8.4B	$323M	73.5%	2.6%	3.9%	1.8%	$1.7B	$2.0B	$1.6B
2016	—	-$47M	—	—	-0.9%	-0.4%	$1.4B	—	$1.2B
2015	—	-$263M	—	—	-6.6%	-2.5%	$891M	—	$908M
2014	—	-$232M	—	—	-7.6%	-2.5%	$585M	$285M	$782M
2013	—	-$270M	—	—	-11.7%	-4.9%	$561M	$0	$747M
2012	—	-$12M	—	—	-0.7%	-0.3%	$440M	—	$607M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jul '26	$11.3B	$3.5B	76.7%	20.5%	9.2%	3.2%	$1.1B	$39.3B	$8.3B
Apr '26	$11.1B	$2.1B	76.9%	21.1%	6.2%	2.0%	$6.6B	$39.3B	$8.9B
Jan '26	—	$1.9B	—	—	3.3%	1.7%	—	$14.4B	$7.3B
Oct '25	$10.3B	$2.1B	78.0%	21.3%	3.5%	2.2%	$2.2B	$8.4B	$9.0B
Jul '25	$10.2B	$1.9B	78.1%	22.8%	3.1%	1.9%	$605M	$8.4B	$10.4B
Apr '25	$9.8B	$1.5B	77.0%	19.8%	2.5%	1.6%	$6.3B	$8.4B	$10.9B
Jan '25	$10.0B	$1.7B	77.8%	18.2%	2.8%	1.7%	$3.8B	$8.4B	$8.8B
Oct '24	$9.4B	$1.5B	77.7%	20.0%	2.6%	1.7%	$1.8B	$8.4B	$8.0B
Jul '24	$9.3B	$1.4B	76.8%	19.1%	2.5%	1.6%	$755M	$8.4B	$7.7B
Apr '24	$9.1B	$1.5B	76.3%	18.7%	2.6%	1.6%	$6.1B	$9.4B	$10.0B
Jan '24	$9.3B	$1.4B	76.9%	17.5%	2.4%	1.4%	$3.3B	$9.4B	$8.5B
Oct '23	$8.7B	$1.2B	75.3%	17.2%	2.1%	1.3%	$1.4B	$9.4B	$6.5B
Jul '23	$8.6B	$1.3B	75.4%	17.2%	2.2%	1.4%	$628M	$9.4B	$6.8B
Apr '23	$8.2B	$199M	74.2%	5.0%	0.3%	0.2%	$4.2B	$9.6B	$9.2B
Jan '23	$8.4B	-$98M	75.0%	4.3%	-0.2%	-0.1%	$2.6B	$10.6B	$7.0B
Oct '22	$7.8B	$210M	73.4%	5.9%	0.4%	0.2%	$115M	$10.6B	$6.1B
Jul '22	$7.7B	$68M	72.4%	2.5%	0.1%	0.1%	$131M	$10.6B	$6.9B
Apr '22	$7.4B	$28M	72.4%	0.3%	0.0%	0.0%	$3.5B	$10.6B	$6.9B
Jan '22	$7.3B	-$28M	72.5%	-2.4%	-0.0%	-0.0%	$1.8B	$10.6B	$5.5B
Oct '21	$6.9B	$468M	73.1%	0.6%	0.8%	0.5%	$238M	$10.6B	$4.8B

Valuation over time

How the market has priced CRM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 790.7× (Mar '23) to 24.9× (Nov '26).
The price-to-sales ratio has fallen from 5.2× (Mar '23) to 4.5× (Nov '26).
The dividend yield has risen from 0.5% (Jan '25) to 0.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CRM growing its revenue and profit?

Over the past 5 years, Salesforce's revenue has grown 14.3% per year, and net income grown 12.9% per year. These are computed facts, not advice.

How much debt does CRM have?

As of FY2026, Salesforce reported $14.4B of total debt against $7.3B of cash.

What is CRM's profit margin?

In FY2026, gross margin was 77.7%, operating margin 20.1%, and net margin 18.0%.

What is CRM's P/E ratio?

Salesforce's P/E (TTM) is 19.21 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CRM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 24.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.