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 29 h ago 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

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	FCF	Total debt	Cash
2026	$41.5B	$7.5B	77.7%	20.1%	$14.4B	$14.4B	$7.3B
2025	$37.9B	$6.2B	77.2%	19.0%	$12.4B	$8.4B	$8.8B
2024	$34.9B	$4.1B	75.5%	14.4%	$9.5B	$9.4B	$8.5B
2023	$31.4B	$208M	73.3%	3.3%	$6.3B	$10.6B	$7.0B
2022	$26.5B	$1.4B	73.5%	2.1%	$5.3B	$10.6B	$5.5B
2021	$21.3B	$4.1B	74.4%	2.1%	$4.1B	$2.7B	$6.2B
2020	$17.1B	$126M	75.2%	1.7%	$3.7B	$2.7B	$4.1B
2019	$13.3B	$1.1B	74.0%	4.0%	$2.8B	$3.2B	$2.7B
2018	$10.5B	$360M	73.7%	4.3%	$2.2B	$1.7B	$2.5B
2017	$8.4B	$323M	73.5%	2.6%	$1.7B	$2.0B	$1.6B
2016	—	-$47M	—	—	$1.4B	—	$1.2B
2015	—	-$263M	—	—	$891M	—	$908M
2014	—	-$232M	—	—	$585M	$285M	$782M
2013	—	-$270M	—	—	$561M	$0	$747M
2012	—	-$12M	—	—	$440M	—	$607M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Apr '26	$11.1B	$2.1B	76.9%	21.1%	$6.6B	$39.3B	$8.9B
Jan '26	—	$1.9B	—	—	—	$14.4B	$7.3B
Oct '25	$10.3B	$2.1B	78.0%	21.3%	$2.2B	$8.4B	$9.0B
Jul '25	$10.2B	$1.9B	78.1%	22.8%	$605M	$8.4B	$10.4B
Apr '25	$9.8B	$1.5B	77.0%	19.8%	$6.3B	$8.4B	$10.9B
Jan '25	$10.0B	$1.7B	77.8%	18.2%	$3.8B	$8.4B	$8.8B
Oct '24	$9.4B	$1.5B	77.7%	20.0%	$1.8B	$8.4B	$8.0B
Jul '24	$9.3B	$1.4B	76.8%	19.1%	$755M	$8.4B	$7.7B
Apr '24	$9.1B	$1.5B	76.3%	18.7%	$6.1B	$9.4B	$10.0B
Jan '24	$9.3B	$1.4B	76.9%	17.5%	$3.3B	$9.4B	$8.5B
Oct '23	$8.7B	$1.2B	75.3%	17.2%	$1.4B	$9.4B	$6.5B
Jul '23	$8.6B	$1.3B	75.4%	17.2%	$628M	$9.4B	$6.8B
Apr '23	$8.2B	$199M	74.2%	5.0%	$4.2B	$9.6B	$9.2B
Jan '23	$8.4B	-$98M	75.0%	4.3%	$2.6B	$10.6B	$7.0B
Oct '22	$7.8B	$210M	73.4%	5.9%	$115M	$10.6B	$6.1B
Jul '22	$7.7B	$68M	72.4%	2.5%	$131M	$10.6B	$6.9B
Apr '22	$7.4B	$28M	72.4%	0.3%	$3.5B	$10.6B	$6.9B
Jan '22	$7.3B	-$28M	72.5%	-2.4%	$1.8B	$10.6B	$5.5B
Oct '21	$6.9B	$468M	73.1%	0.6%	$238M	$10.6B	$4.8B
Jul '21	$6.3B	$535M	74.6%	5.2%	$173M	$11.9B	$6.3B

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 786.9× (Mar '23) to 16.6× (Jun '26).
The price-to-sales ratio has fallen from 5.2× (Mar '23) to 3.0× (Jun '26).
The dividend yield has risen from 0.6% (Jan '25) to 1.3% (Jun '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?

As of Jun '26, Salesforce traded at a price-to-earnings ratio of about 16.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.