Salesforce Com Inc Financials
This page shows Salesforce Com Inc (CRM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Salesforce Com Inc has an operating margin of 19.0%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 14.4% the prior year.
Salesforce Com Inc's revenue grew 8.7% year-over-year to $37.9B, a solid pace of expansion. This earns a growth score of 53/100.
Salesforce Com Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Salesforce Com Inc's current ratio of 1.07 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
Salesforce Com Inc converts 32.8% of revenue into free cash flow ($12.4B). This strong cash generation earns a score of 100/100.
Salesforce Com Inc's ROE of 10.2% shows moderate profitability relative to equity, earning a score of 41/100. This is up from 6.9% the prior year.
Salesforce Com Inc scores 3.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($172.7B) relative to total liabilities ($37.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Salesforce Com Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Salesforce Com Inc generates $2.11 in operating cash flow ($13.1B OCF vs $6.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Salesforce Com Inc earns $26.5 in operating income for every $1 of interest expense ($7.2B vs $272.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Salesforce Com Inc generated $37.9B in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.
Salesforce Com Inc's EBITDA was $8.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 34.3% from the prior year.
Salesforce Com Inc generated $12.4B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.9% from the prior year.
Salesforce Com Inc reported $6.2B in net income in fiscal year 2025. This represents an increase of 49.8% from the prior year.
Salesforce Com Inc held $10.9B in cash against $8.4B in long-term debt as of fiscal year 2025.
Salesforce Com Inc had 961M shares outstanding in fiscal year 2025. This represents a decrease of 0.9% from the prior year.
Salesforce Com Inc's gross margin was 77.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.
Salesforce Com Inc's operating margin was 19.0% in fiscal year 2025, reflecting core business profitability. This is up 4.6 percentage points from the prior year.
Salesforce Com Inc's net profit margin was 16.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.
Salesforce Com Inc's ROE was 10.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.3 percentage points from the prior year.
Salesforce Com Inc invested $5.5B in research and development in fiscal year 2025. This represents an increase of 12.0% from the prior year.
Salesforce Com Inc spent $7.8B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 2.7% from the prior year.
Salesforce Com Inc invested $658.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 10.6% from the prior year.
CRM Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.3B+0.2% | $10.2B+4.1% | $9.8B+4.1% | $9.4B+1.3% | $9.3B+2.1% | $9.1B-1.7% | $9.3B+6.5% | $8.7B |
| Cost of Revenue | $2.3B+0.6% | $2.2B-1.0% | $2.3B+7.6% | $2.1B-2.5% | $2.2B-0.1% | $2.2B+0.7% | $2.1B-0.3% | $2.2B |
| Gross Profit | $8.0B+0.1% | $8.0B+5.7% | $7.6B+3.1% | $7.3B+2.4% | $7.2B+2.8% | $7.0B-2.4% | $7.1B+8.7% | $6.6B |
| R&D Expenses | $1.4B-3.2% | $1.5B+1.4% | $1.5B+7.7% | $1.4B+0.5% | $1.3B-1.4% | $1.4B+7.3% | $1.3B+5.9% | $1.2B |
| SG&A Expenses | $667.0M-9.1% | $734.0M+5.3% | $697.0M-2.0% | $711.0M0.0% | $711.0M+9.9% | $647.0M+2.4% | $632.0M0.0% | $632.0M |
| Operating Income | $2.2B-6.2% | $2.3B+20.1% | $1.9B+2.6% | $1.9B+6.2% | $1.8B+4.3% | $1.7B+5.4% | $1.6B+8.1% | $1.5B |
| Interest Expense | $67.0M0.0% | $67.0M-1.5% | $68.0M+1.5% | $67.0M-1.5% | $68.0M-1.4% | $69.0M | N/A | N/A |
| Income Tax | $426.0M-17.9% | $519.0M+19.9% | $433.0M+97.7% | $219.0M-46.3% | $408.0M+22.2% | $334.0M+67.8% | $199.0M-24.3% | $263.0M |
| Net Income | $2.1B+10.5% | $1.9B+22.5% | $1.5B+0.9% | $1.5B+6.9% | $1.4B-6.8% | $1.5B+6.0% | $1.4B+18.1% | $1.2B |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CRM Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $95.1B-2.5% | $97.6B-1.1% | $98.6B+7.9% | $91.4B-0.9% | $92.2B-4.2% | $96.2B-3.6% | $99.8B+9.7% | $91.0B |
| Current Assets | $21.1B-16.8% | $25.3B-2.1% | $25.9B+20.7% | $21.4B-2.0% | $21.9B-14.6% | $25.6B-11.9% | $29.1B+43.9% | $20.2B |
| Cash & Equivalents | $9.0B-13.4% | $10.4B-5.2% | $10.9B+36.7% | $8.0B+4.1% | $7.7B-22.9% | $10.0B+17.5% | $8.5B+31.3% | $6.5B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.5B-2.2% | $5.6B+28.5% | $4.4B-8.2% | $4.7B-12.1% | $5.4B+26.2% | $4.3B-62.6% | $11.4B+135.3% | $4.8B |
| Goodwill | $52.5B+2.0% | $51.4B+0.3% | $51.3B+4.5% | $49.1B+0.3% | $48.9B0.0% | $48.9B+0.7% | $48.6B0.0% | $48.6B |
| Total Liabilities | $35.1B-3.1% | $36.2B-4.5% | $37.9B+15.4% | $32.9B-4.9% | $34.5B-5.3% | $36.5B-9.2% | $40.2B+22.0% | $32.9B |
| Current Liabilities | $21.4B-5.0% | $22.5B-6.9% | $24.2B+24.9% | $19.4B-7.7% | $21.0B-9.3% | $23.1B-13.1% | $26.6B+37.3% | $19.4B |
| Long-Term Debt | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B |
| Total Equity | $60.0B-2.1% | $61.3B+1.1% | $60.7B+3.7% | $58.5B+1.5% | $57.6B-3.4% | $59.7B+0.1% | $59.6B+2.7% | $58.1B |
| Retained Earnings | $20.7B+8.9% | $19.0B+8.5% | $17.5B+16.3% | $15.0B+8.2% | $13.9B+8.1% | $12.9B+9.8% | $11.7B+14.1% | $10.3B |
CRM Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.3B+213.0% | $740.0M-88.6% | $6.5B+226.6% | $2.0B+122.3% | $892.0M-85.7% | $6.2B+83.6% | $3.4B+122.1% | $1.5B |
| Capital Expenditures | $139.0M+3.0% | $135.0M-24.6% | $179.0M-12.3% | $204.0M+48.9% | $137.0M-16.0% | $163.0M+10.9% | $147.0M-11.4% | $166.0M |
| Free Cash Flow | $2.2B+259.8% | $605.0M-90.4% | $6.3B+254.0% | $1.8B+135.6% | $755.0M-87.6% | $6.1B+86.9% | $3.3B+138.4% | $1.4B |
| Investing Cash Flow | $519.0M-55.5% | $1.2B+174.3% | -$1.6B-622.1% | -$217.0M-108.2% | $2.6B+199.6% | -$2.7B-466.5% | -$468.0M-766.7% | -$54.0M |
| Financing Cash Flow | -$4.2B-69.6% | -$2.5B+14.3% | -$2.9B-101.9% | -$1.4B+75.1% | -$5.8B-175.2% | -$2.1B-122.8% | -$946.0M+46.4% | -$1.8B |
| Dividends Paid | $395.0M-1.0% | $399.0M-0.7% | $402.0M+5.2% | $382.0M-0.5% | $384.0M-1.0% | $388.0M | $0 | $0 |
| Share Buybacks | $3.8B+70.8% | $2.2B-15.5% | $2.6B+104.9% | $1.3B-70.4% | $4.3B+103.2% | $2.1B+26.1% | $1.7B-12.1% | $1.9B |
CRM Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.0%-0.1pp | 78.1%+1.1pp | 77.0%-0.8pp | 77.7%+0.9pp | 76.8%+0.5pp | 76.3%-0.5pp | 76.9%+1.6pp | 75.3% |
| Operating Margin | 21.3%-1.5pp | 22.8%+3.0pp | 19.8%-0.3pp | 20.0%+0.9pp | 19.1%+0.4pp | 18.7%+1.2pp | 17.5%+0.3pp | 17.2% |
| Net Margin | 20.3%+1.9pp | 18.4%+2.7pp | 15.7%-0.5pp | 16.2%+0.9pp | 15.3%-1.5pp | 16.8%+1.2pp | 15.6%+1.5pp | 14.0% |
| Return on Equity | 3.5%+0.4pp | 3.1%+0.5pp | 2.5%-0.1pp | 2.6%+0.1pp | 2.5%-0.1pp | 2.6%+0.2pp | 2.4%+0.3pp | 2.1% |
| Return on Assets | 2.2%+0.3pp | 1.9%+0.4pp | 1.6%-0.1pp | 1.7%+0.1pp | 1.6%-0.0pp | 1.6%+0.1pp | 1.5%+0.1pp | 1.3% |
| Current Ratio | 0.98-0.1 | 1.12+0.1 | 1.07-0.0 | 1.11+0.1 | 1.04-0.1 | 1.11+0.0 | 1.09+0.0 | 1.04 |
| Debt-to-Equity | 0.140.0 | 0.140.0 | 0.140.0 | 0.140.0 | 0.150.0 | 0.140.0 | 0.140.0 | 0.15 |
| FCF Margin | 21.2%+15.3pp | 5.9%-58.2pp | 64.1%+45.2pp | 18.8%+10.7pp | 8.1%-58.5pp | 66.6%+31.6pp | 35.1%+19.4pp | 15.7% |
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Frequently Asked Questions
What is Salesforce Com Inc's annual revenue?
Salesforce Com Inc (CRM) reported $37.9B in total revenue for fiscal year 2025. This represents a 8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Salesforce Com Inc's revenue growing?
Salesforce Com Inc (CRM) revenue grew by 8.7% year-over-year, from $34.9B to $37.9B in fiscal year 2025.
Is Salesforce Com Inc profitable?
Yes, Salesforce Com Inc (CRM) reported a net income of $6.2B in fiscal year 2025, with a net profit margin of 16.4%.
What is Salesforce Com Inc's EBITDA?
Salesforce Com Inc (CRM) had EBITDA of $8.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Salesforce Com Inc have?
As of fiscal year 2025, Salesforce Com Inc (CRM) had $10.9B in cash and equivalents against $8.4B in long-term debt.
What is Salesforce Com Inc's gross margin?
Salesforce Com Inc (CRM) had a gross margin of 77.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Salesforce Com Inc's operating margin?
Salesforce Com Inc (CRM) had an operating margin of 19.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Salesforce Com Inc's net profit margin?
Salesforce Com Inc (CRM) had a net profit margin of 16.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Salesforce Com Inc's return on equity (ROE)?
Salesforce Com Inc (CRM) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Salesforce Com Inc's free cash flow?
Salesforce Com Inc (CRM) generated $12.4B in free cash flow during fiscal year 2025. This represents a 30.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Salesforce Com Inc's operating cash flow?
Salesforce Com Inc (CRM) generated $13.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Salesforce Com Inc's total assets?
Salesforce Com Inc (CRM) had $98.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Salesforce Com Inc's capital expenditures?
Salesforce Com Inc (CRM) invested $658.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Salesforce Com Inc spend on research and development?
Salesforce Com Inc (CRM) invested $5.5B in research and development during fiscal year 2025.
Does Salesforce Com Inc buy back shares?
Yes, Salesforce Com Inc (CRM) spent $7.8B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Salesforce Com Inc have outstanding?
Salesforce Com Inc (CRM) had 961M shares outstanding as of fiscal year 2025.
What is Salesforce Com Inc's current ratio?
Salesforce Com Inc (CRM) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.
What is Salesforce Com Inc's debt-to-equity ratio?
Salesforce Com Inc (CRM) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Salesforce Com Inc's return on assets (ROA)?
Salesforce Com Inc (CRM) had a return on assets of 6.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Salesforce Com Inc's Altman Z-Score?
Salesforce Com Inc (CRM) has an Altman Z-Score of 3.62, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Salesforce Com Inc's Piotroski F-Score?
Salesforce Com Inc (CRM) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Salesforce Com Inc's earnings high quality?
Salesforce Com Inc (CRM) has an earnings quality ratio of 2.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Salesforce Com Inc cover its interest payments?
Salesforce Com Inc (CRM) has an interest coverage ratio of 26.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Salesforce Com Inc?
Salesforce Com Inc (CRM) scores 69 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.