This page shows Salesforce Com Inc (CRM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).
Profit growth is being driven more by below-the-gross-line discipline than by top-line expansion, while cash generation stays unusually strong.
Over the last two years, operating margin climbed from14.4% to20.1% , while gross margin changed far less, pointing to improved cost absorption and expense discipline below gross profit rather than a wholesale change in service delivery economics. In FY2026, free cash flow of$14.4B comfortably exceeded net income of$7.5B , so the margin improvement is showing up in cash, not just in accounting earnings.
Near-term liquidity tightened even as cash generation stayed strong: accounts receivable reached
The company still carries modest balance-sheet leverage, but asset quality is heavily acquisition-shaped: goodwill stood at
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Salesforce Com Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Salesforce Com Inc has an operating margin of 20.1%, meaning the company retains $20 of operating profit per $100 of revenue. This results in a moderate score of 64/100, indicating healthy but not exceptional operating efficiency. This is up from 19.0% the prior year.
Salesforce Com Inc's revenue grew 9.6% year-over-year to $41.5B, a solid pace of expansion. This earns a growth score of 49/100.
Salesforce Com Inc carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
Salesforce Com Inc's current ratio of 0.76 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Salesforce Com Inc converts 34.7% of revenue into free cash flow ($14.4B). This strong cash generation earns a score of 100/100.
Salesforce Com Inc's ROE of 12.6% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 10.2% the prior year.
Salesforce Com Inc scores 2.46, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($147.3B) relative to total liabilities ($53.2B). This signals moderate financial risk that warrants monitoring.
Salesforce Com Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Salesforce Com Inc generates $2.01 in operating cash flow ($15.0B OCF vs $7.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Salesforce Com Inc earns $25.7 in operating income for every $1 of interest expense ($8.3B vs $324.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Salesforce Com Inc generated $41.5B in revenue in fiscal year 2026. This represents an increase of 9.6% from the prior year.
Salesforce Com Inc's EBITDA was $9.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.2% from the prior year.
Salesforce Com Inc reported $7.5B in net income in fiscal year 2026. This represents an increase of 20.3% from the prior year.
Cash & Balance Sheet
Salesforce Com Inc generated $14.4B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 15.8% from the prior year.
Salesforce Com Inc held $7.3B in cash against $10.4B in long-term debt as of fiscal year 2026.
Salesforce Com Inc had 923M shares outstanding in fiscal year 2026. This represents a decrease of 4.0% from the prior year.
Margins & Returns
Salesforce Com Inc's gross margin was 77.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.5 percentage points from the prior year.
Salesforce Com Inc's operating margin was 20.1% in fiscal year 2026, reflecting core business profitability. This is up 1.1 percentage points from the prior year.
Salesforce Com Inc's net profit margin was 18.0% in fiscal year 2026, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.
Salesforce Com Inc's ROE was 12.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the prior year.
Capital Allocation
Salesforce Com Inc invested $6.0B in research and development in fiscal year 2026. This represents an increase of 9.1% from the prior year.
Salesforce Com Inc spent $12.6B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 60.9% from the prior year.
Salesforce Com Inc invested $594.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 9.7% from the prior year.
CRM Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.2B+9.2% | $10.3B+0.2% | $10.2B+4.1% | $9.8B-1.6% | $10.0B+5.8% | $9.4B+1.3% | $9.3B+2.1% | $9.1B |
| Cost of Revenue | $2.5B+11.2% | $2.3B+0.6% | $2.2B-1.0% | $2.3B+2.2% | $2.2B+5.3% | $2.1B-2.5% | $2.2B-0.1% | $2.2B |
| Gross Profit | $8.7B+8.6% | $8.0B+0.1% | $8.0B+5.7% | $7.6B-2.7% | $7.8B+6.0% | $7.3B+2.4% | $7.2B+2.8% | $7.0B |
| R&D Expenses | $1.6B+13.0% | $1.4B-3.2% | $1.5B+1.4% | $1.5B+2.8% | $1.4B+4.7% | $1.4B+0.5% | $1.3B-1.4% | $1.4B |
| SG&A Expenses | $902.0M+35.2% | $667.0M-9.1% | $734.0M+5.3% | $697.0M-9.1% | $767.0M+7.9% | $711.0M0.0% | $711.0M+9.9% | $647.0M |
| Operating Income | $1.9B-14.6% | $2.2B-6.2% | $2.3B+20.1% | $1.9B+6.7% | $1.8B-3.9% | $1.9B+6.2% | $1.8B+4.3% | $1.7B |
| Interest Expense | $122.0M+82.1% | $67.0M0.0% | $67.0M-1.5% | $68.0M0.0% | $68.0M+1.5% | $67.0M-1.5% | $68.0M-1.4% | $69.0M |
| Income Tax | $685.0M+60.8% | $426.0M-17.9% | $519.0M+19.9% | $433.0M+54.6% | $280.0M+27.9% | $219.0M-46.3% | $408.0M+22.2% | $334.0M |
| Net Income | $1.9B-6.9% | $2.1B+10.5% | $1.9B+22.5% | $1.5B-9.8% | $1.7B+11.9% | $1.5B+6.9% | $1.4B-6.8% | $1.5B |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CRM Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.3B+18.0% | $95.1B-2.5% | $97.6B-1.1% | $98.6B-4.2% | $102.9B+12.6% | $91.4B-0.9% | $92.2B-4.2% | $96.2B |
| Current Assets | $28.2B+34.0% | $21.1B-16.8% | $25.3B-2.1% | $25.9B-13.0% | $29.7B+38.7% | $21.4B-2.0% | $21.9B-14.6% | $25.6B |
| Cash & Equivalents | $7.3B-18.4% | $9.0B-13.4% | $10.4B-5.2% | $10.9B+23.5% | $8.8B+10.6% | $8.0B+4.1% | $7.7B-22.9% | $10.0B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $14.3B+161.9% | $5.5B-2.2% | $5.6B+28.5% | $4.4B-63.5% | $11.9B+152.0% | $4.7B-12.1% | $5.4B+26.2% | $4.3B |
| Goodwill | $57.9B+10.5% | $52.5B+2.0% | $51.4B+0.3% | $51.3B0.0% | $51.3B+4.5% | $49.1B+0.3% | $48.9B0.0% | $48.9B |
| Total Liabilities | $53.2B+51.4% | $35.1B-3.1% | $36.2B-4.5% | $37.9B-9.1% | $41.8B+27.0% | $32.9B-4.9% | $34.5B-5.3% | $36.5B |
| Current Liabilities | $37.1B+73.4% | $21.4B-5.0% | $22.5B-6.9% | $24.2B-13.5% | $28.0B+44.4% | $19.4B-7.7% | $21.0B-9.3% | $23.1B |
| Long-Term Debt | $10.4B+23.7% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B0.0% | $8.4B |
| Total Equity | $59.1B-1.5% | $60.0B-2.1% | $61.3B+1.1% | $60.7B-0.8% | $61.2B+4.5% | $58.5B+1.5% | $57.6B-3.4% | $59.7B |
| Retained Earnings | $22.2B+7.5% | $20.7B+8.9% | $19.0B+8.5% | $17.5B+6.9% | $16.4B+8.8% | $15.0B+8.2% | $13.9B+8.1% | $12.9B |
CRM Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.5B+135.9% | $2.3B+213.0% | $740.0M-88.6% | $6.5B+63.1% | $4.0B+100.2% | $2.0B+122.3% | $892.0M-85.7% | $6.2B |
| Capital Expenditures | $141.0M+1.4% | $139.0M+3.0% | $135.0M-24.6% | $179.0M+16.2% | $154.0M-24.5% | $204.0M+48.9% | $137.0M-16.0% | $163.0M |
| Free Cash Flow | $5.3B+144.5% | $2.2B+259.8% | $605.0M-90.4% | $6.3B+65.0% | $3.8B+114.5% | $1.8B+135.6% | $755.0M-87.6% | $6.1B |
| Investing Cash Flow | -$8.7B-1777.6% | $519.0M-55.5% | $1.2B+174.3% | -$1.6B+46.6% | -$2.9B-1253.0% | -$217.0M-108.2% | $2.6B+199.6% | -$2.7B |
| Financing Cash Flow | $1.6B+137.4% | -$4.2B-69.6% | -$2.5B+14.3% | -$2.9B-3900.0% | -$73.0M+95.0% | -$1.4B+75.1% | -$5.8B-175.2% | -$2.1B |
| Dividends Paid | $395.0M0.0% | $395.0M-1.0% | $399.0M-0.7% | $402.0M+3.6% | $388.0M+1.6% | $382.0M-0.5% | $384.0M-1.0% | $388.0M |
| Share Buybacks | $3.9B+3.6% | $3.8B+70.8% | $2.2B-15.5% | $2.6B+3364.5% | $76.0M-94.1% | $1.3B-70.4% | $4.3B+103.2% | $2.1B |
CRM Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.6%-0.4pp | 78.0%-0.1pp | 78.1%+1.1pp | 77.0%-0.9pp | 77.8%+0.1pp | 77.7%+0.9pp | 76.8%+0.5pp | 76.3% |
| Operating Margin | 16.7%-4.6pp | 21.3%-1.5pp | 22.8%+3.0pp | 19.8%+1.5pp | 18.2%-1.8pp | 20.0%+0.9pp | 19.1%+0.4pp | 18.7% |
| Net Margin | 17.3%-3.0pp | 20.3%+1.9pp | 18.4%+2.7pp | 15.7%-1.4pp | 17.1%+0.9pp | 16.2%+0.9pp | 15.3%-1.5pp | 16.8% |
| Return on Equity | 3.3%-0.2pp | 3.5%+0.4pp | 3.1%+0.5pp | 2.5%-0.3pp | 2.8%+0.2pp | 2.6%+0.1pp | 2.5%-0.1pp | 2.6% |
| Return on Assets | 1.7%-0.5pp | 2.2%+0.3pp | 1.9%+0.4pp | 1.6%-0.1pp | 1.7%0.0pp | 1.7%+0.1pp | 1.6%-0.0pp | 1.6% |
| Current Ratio | 0.76-0.2 | 0.98-0.1 | 1.12+0.1 | 1.070.0 | 1.06-0.0 | 1.11+0.1 | 1.04-0.1 | 1.11 |
| Debt-to-Equity | 0.18+0.0 | 0.140.0 | 0.140.0 | 0.140.0 | 0.140.0 | 0.140.0 | 0.150.0 | 0.14 |
| FCF Margin | 47.5%+26.3pp | 21.2%+15.3pp | 5.9%-58.2pp | 64.1%+25.9pp | 38.2%+19.4pp | 18.8%+10.7pp | 8.1%-58.5pp | 66.6% |
Note: The current ratio is below 1.0 (0.76), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Salesforce Com Inc's annual revenue?
Salesforce Com Inc (CRM) reported $41.5B in total revenue for fiscal year 2026. This represents a 9.6% 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 9.6% year-over-year, from $37.9B to $41.5B in fiscal year 2026.
Is Salesforce Com Inc profitable?
Yes, Salesforce Com Inc (CRM) reported a net income of $7.5B in fiscal year 2026, with a net profit margin of 18.0%.
What is Salesforce Com Inc's EBITDA?
Salesforce Com Inc (CRM) had EBITDA of $9.5B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Salesforce Com Inc have?
As of fiscal year 2026, Salesforce Com Inc (CRM) had $7.3B in cash and equivalents against $10.4B in long-term debt.
What is Salesforce Com Inc's gross margin?
Salesforce Com Inc (CRM) had a gross margin of 77.7% in fiscal year 2026, 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 20.1% in fiscal year 2026, 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 18.0% in fiscal year 2026, 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 12.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Salesforce Com Inc's free cash flow?
Salesforce Com Inc (CRM) generated $14.4B in free cash flow during fiscal year 2026. This represents a 15.8% 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 $15.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Salesforce Com Inc's total assets?
Salesforce Com Inc (CRM) had $112.3B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Salesforce Com Inc's capital expenditures?
Salesforce Com Inc (CRM) invested $594.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Salesforce Com Inc spend on research and development?
Salesforce Com Inc (CRM) invested $6.0B in research and development during fiscal year 2026.
What is Salesforce Com Inc's current ratio?
Salesforce Com Inc (CRM) had a current ratio of 0.76 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Salesforce Com Inc's debt-to-equity ratio?
Salesforce Com Inc (CRM) had a debt-to-equity ratio of 0.18 as of fiscal year 2026, 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 6.6% for fiscal year 2026, 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 2.46, placing it in the Grey Zone (moderate 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 6 out of 9, indicating neutral 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 to 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 2.01x, 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 25.7x, 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 59 out of 100 on our Financial Profile, indicating moderate 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.