Salesforce, Inc. CRM

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

Salesforce, Inc. ("Salesforce," the "Company," "we" or "our") is a global leader in customer relationship management ("CRM") technology, helping organizations of any size become agentic enterprises. Founded in 1999, we bring humans, agents, applications, and data together on a trusted, unified platform to unlock growth and innovation.

Our artificial intelligence ("AI") powered Agentforce 360 Platform unites our offerings — spanning sales, service, marketing, commerce, collaboration, data management, integration, analytics, IT service, industry verticals and more — on a single, intelligent platform for trusted enterprise execution. We unify and harmonize across systems, applications and devices to create a complete view of customers. With this single source of customer truth powering agents, teams can be more responsive, productive and efficient and deliver AI-powered, personalized and automated experiences across every channel. With Agentforce, the agentic layer of the Agentforce 360 Platform, our customers can build and deploy always-on digital labor for employees and customers, leveraging autonomous AI agents across business functions that aim to increase productivity, lower costs and drive operational efficiencies. With Agentforce, AI is embedded in the flow of work — in the applications that our customers already use every day. Every Agentforce-embedded application now reasons, learns, and takes action alongside users.

Last close 248.57 2026-10-23
Market cap $204.57B 2026-07-31 share count
52-week range 146.32 - 269.11

Valuation FY2025 figures against the last close

P/S4.9x
P/E31.9x
P/FCF14.2x
EV/EBITDA22.0x
Dividend yield0.8%
Diluted EPS7.80

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Europe
  • Asia Pacific
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 27.2B (65.5%) 65% Americas Europe, FY2025: 10B (24.1%) 24% Europe Asia Pacific, FY2025: 4.3B (10.4%) 10% Asia Pacific FY2024 Americas, FY2024: 25.1B (66.3%) 66% Europe, FY2024: 8.9B (23.5%) 23% Asia Pacific, FY2024: 3.9B (10.2%) 10% FY2023 Americas, FY2023: 23.3B (66.8%) 67% Europe, FY2023: 8.1B (23.3%) 23% Asia Pacific, FY2023: 3.4B (9.9%) 10%
Region FY2025FY2024FY2023
Americas $27.19B $25.14B $23.29B
Europe $10.02B $8.89B $8.13B
Asia Pacific $4.32B $3.86B $3.44B

As the company reported it, from the “Revenues - Summary of Subscription and Support and Geographic Location Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $41.52B$37.90B$34.86B$31.35B$26.49B$21.25B$17.10B$13.28B$10.54B$8.44B
Cost of revenue $9.27B$8.64B$8.54B$8.36B$7.03B$5.44B$4.24B$3.45B$2.77B$2.23B
Gross profit $32.26B$29.25B$26.32B$22.99B$19.47B$15.81B$12.86B$9.83B$7.77B$6.20B
R&D $5.99B$5.49B$4.91B$5.05B$4.46B$3.60B$2.77B$1.89B$1.55B$1.21B
SG&A $3.00B$2.84B$2.53B$2.55B$2.60B$2.09B$1.70B$1.35B$1.09B$966.0M
Total operating expenses $23.92B$22.05B$21.30B$21.96B$18.92B$15.36B$12.57B$9.30B$7.31B$5.99B
Operating income $8.33B$7.21B$5.01B$1.03B$548.0M$455.0M$297.0M$535.0M$454.0M$218.0M
Interest expense ———————$154.0M$87.0M$89.0M
Pre-tax income $9.52B$7.44B$4.95B$660.0M$1.53B$2.56B$706.0M$983.0M$420.0M$179.0M
Income tax $2.06B$1.24B$814.0M$452.0M$88.0M$1.51B$580.0M$127.0M$60.0M$144.0M
Net income $7.46B$6.20B$4.14B$208.0M$1.44B$4.07B$126.0M$1.11B$360.0M$323.0M
EPS, basic 7.856.444.250.211.514.480.151.480.500.47
EPS, diluted 7.806.364.200.211.484.380.151.430.490.46
Shares, diluted (wtd. avg.) 956.0M974.0M984.0M997.0M974.0M930.0M850.0M775.0M735.0M700.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $7.33B$8.85B$8.47B$7.02B$5.46B$6.20B$4.14B$2.67B$2.54B$1.61B
Short-term investments $2.24B$5.18B$5.72B$5.49B$5.07B$5.77B$3.80B$1.67B$1.98B$602.3M
Receivables $14.34B$11.95B$11.41B$10.76B$9.74B$7.79B$6.17B$4.92B$3.92B$3.20B
Total current assets $28.22B$29.73B$29.07B$26.39B$22.85B$21.89B$15.96B$10.68B$9.58B$6.00B
Property, plant and equipment —————$2.46B$2.38B$2.05B$1.95B$1.79B
Goodwill $57.94B$51.28B$48.62B$48.57B$47.94B$26.32B$25.13B$12.85B$7.31B$7.26B
Other intangibles $6.82B$4.43B$5.28B$7.12B$8.98B$4.11B$4.72B$1.92B$827.0M$1.11B
Total assets $112.31B$102.93B$99.82B$98.85B$95.21B$66.30B$55.13B$30.74B$21.98B$17.58B
Accounts payable ———————$165.0M$76.0M$115.3M
Short-term debt $4.00B$0$999.0M$1.18B$4.0M$4.0M$4.0M$3.0M$1.02B$0
Total current liabilities $37.12B$27.98B$26.63B$25.89B$21.79B$17.73B$14.85B$11.26B$10.07B$7.30B
Long-term debt $10.44B$8.43B$8.43B$9.42B$10.59B$2.67B$2.67B$3.17B$695.0M$2.01B
Total liabilities $53.16B$41.76B$40.18B$40.49B$37.08B$24.81B$21.24B$15.13B$11.61B$10.08B
Retained earnings $22.22B$16.37B$11.72B$7.58B$7.38B$5.93B$1.86B$1.74B$635.0M-$464.9M
Total equity $59.14B$61.17B$59.65B$58.36B$58.13B$41.49B$33.88B$15.61B$10.38B$8.23B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $15.00B$13.09B$10.23B$7.11B$6.00B$4.80B$4.33B$3.40B$2.74B$2.16B
Depreciation and amortisation $1.20B$1.00B$1.10B$903.0M$678.0M$579.0M$455.0M$411.0M$373.0M—
Stock-based compensation $3.51B$3.18B$2.79B$3.28B$2.78B$2.19B$1.78B$1.28B$997.0M$820.0M
Capital expenditure $594.0M$658.0M$736.0M$798.0M$717.0M$710.0M$643.0M$595.0M$534.0M$464.0M
Investing cash flow -$8.59B-$3.16B-$1.33B-$1.99B-$14.54B-$3.97B-$2.98B-$5.31B-$2.01B-$2.68B
Financing cash flow -$8.08B-$9.43B-$7.48B-$3.56B$7.84B$1.19B$164.0M$2.01B$221.0M$998.0M
Dividends paid $1.59B$1.54B$0$0——————
Buybacks $12.60B$7.83B$7.62B$4.00B$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001108524-26-000085.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20B 40B 60B Revenue, FY2016: 8.4B Gross profit, FY2016: 6.2B Net income, FY2016: 323M Revenue, FY2017: 10.5B Gross profit, FY2017: 7.8B Net income, FY2017: 360M Revenue, FY2018: 13.3B Gross profit, FY2018: 9.8B Net income, FY2018: 1.1B Revenue, FY2019: 17.1B Gross profit, FY2019: 12.9B Net income, FY2019: 126M Revenue, FY2020: 21.3B Gross profit, FY2020: 15.8B Net income, FY2020: 4.1B Revenue, FY2021: 26.5B Gross profit, FY2021: 19.5B Net income, FY2021: 1.4B Revenue, FY2022: 31.4B Gross profit, FY2022: 23B Net income, FY2022: 208M Revenue, FY2023: 34.9B Gross profit, FY2023: 26.3B Net income, FY2023: 4.1B Revenue, FY2024: 37.9B Gross profit, FY2024: 29.3B Net income, FY2024: 6.2B Revenue, FY2025: 41.5B Gross profit, FY2025: 32.3B Net income, FY2025: 7.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $8.44B $10.54B $13.28B $17.10B $21.25B $26.49B $31.35B $34.86B $37.90B $41.52B
Gross profit $6.20B $7.77B $9.83B $12.86B $15.81B $19.47B $22.99B $26.32B $29.25B $32.26B
Net income $323.0M $360.0M $1.11B $126.0M $4.07B $1.44B $208.0M $4.14B $6.20B $7.46B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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