Salesforce (CRM) Financials

$267.36 -8.67 (-3.14%)

Closing price 03:59 PM Eastern

Extended Trading

$264.72 -2.64 (-0.99%)

As of 08:00 PM Eastern

Annual Income Statements for Salesforce

This table shows Salesforce's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016	1/31/2015
Net Income / (Loss) Attributable to Common Shareholders	6,197	4,136	208	1,444	4,072	126	1,110	360	323	-47	-263
Consolidated Net Income / (Loss)	6,197	4,136	208	1,444	4,072	126	1,110	360	323	-47	-263
Net Income / (Loss) Continuing Operations	6,197	4,136	208	1,444	4,072	126	1,110	360	323	-47	-263
Total Pre-Tax Income	7,438	4,950	660	1,532	2,561	706	983	420	179	64	-213
Total Operating Income	7,205	5,011	1,030	548	455	297	535	454	218	115	-146
Total Gross Profit	29,252	26,316	22,992	19,466	15,814	12,863	9,831	7,767	6,203	5,013	4,084
Total Revenue	37,895	34,857	31,352	26,492	21,252	17,098	13,282	10,540	8,437	6,667	5,374
Operating Revenue	37,895	34,857	31,352	26,492	21,252	17,098	13,282	10,540	8,437	6,667	5,374
Total Cost of Revenue	8,643	8,541	8,360	7,026	5,438	4,235	3,451	2,773	2,234	1,655	1,289
Operating Cost of Revenue	8,643	8,541	8,360	7,026	5,438	4,235	3,451	2,773	2,234	1,242	925
Total Operating Expenses	22,047	21,305	21,962	18,918	15,359	12,566	9,296	7,313	5,985	4,898	4,230
Selling, General & Admin Expense	2,836	2,534	2,553	2,598	2,087	1,704	1,346	1,089	966	748	680
Marketing Expense	13,257	12,877	13,526	11,855	9,674	7,930	6,064	4,671	3,811	3,240	2,757
Research & Development Expense	5,493	4,906	5,055	4,465	3,598	2,766	1,886	1,553	1,208	946	793
Restructuring Charge	461	988	828	0.00	-	-	-	-	-	-	-
Total Other Income / (Expense), net	233	-61	-370	984	2,106	409	448	-34	-39	-51	-67
Interest & Investment Income	-121	-277	-239	1,211	2,170	427	542	-	58	15	10
Other Income / (Expense), net	354	216	-131	-227	-64	-18	-94	-34	-8.00	6.50	-4.25
Income Tax Expense	1,241	814	452	88	-1,511	580	-127	60	-144	112	50
Basic Earnings per Share	$6.44	$4.25	$0.21	$1.51	$4.48	$0.15	$1.48	$1.50	$0.47	($0.07)	($0.42)
Weighted Average Basic Shares Outstanding	962M	974M	992M	955M	908M	829M	751M	715M	688M	661.65M	624.15M
Diluted Earnings per Share	$6.36	$4.20	$0.21	$1.48	$4.38	$0.15	$1.43	$0.49	$0.46	($0.07)	($0.42)
Weighted Average Diluted Shares Outstanding	974M	984M	997M	974M	930M	850M	775M	735M	700M	661.65M	624.15M
Weighted Average Basic & Diluted Shares Outstanding	961M	970M	1B	990M	921M	895M	771M	731.50M	707.50M	670.90M	650.60M
Cash Dividends to Common per Share	$1.60	-	-	-	-	-	-	-	-	-	-

This table shows Salesforce's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	1,708	1,527	1,429	1,533	1,446	1,224	1,267	199	-98	210	68
Consolidated Net Income / (Loss)	1,708	1,527	1,429	1,533	1,446	1,224	1,267	199	-98	210	68
Net Income / (Loss) Continuing Operations	1,708	1,527	1,429	1,533	1,446	1,224	1,267	199	-98	210	68
Total Pre-Tax Income	1,988	1,746	1,837	1,867	1,645	1,487	1,492	326	33	475	181
Total Operating Income	1,820	1,893	1,783	1,709	1,622	1,501	1,476	412	357	460	193
Total Gross Profit	7,776	7,339	7,166	6,971	7,139	6,565	6,490	6,122	6,284	5,749	5,593
Total Revenue	9,993	9,444	9,325	9,133	9,287	8,720	8,603	8,247	8,384	7,837	7,720
Operating Revenue	9,993	9,444	9,325	9,133	9,287	8,720	8,603	8,247	8,384	7,837	7,720
Total Cost of Revenue	2,217	2,105	2,159	2,162	2,148	2,155	2,113	2,125	2,100	2,088	2,127
Operating Cost of Revenue	2,217	2,105	2,159	2,162	2,148	2,155	2,113	2,125	2,100	2,088	2,127
Total Operating Expenses	5,956	5,446	5,383	5,262	5,517	5,064	5,014	5,710	5,927	5,289	5,400
Selling, General & Admin Expense	767	711	711	647	632	632	632	638	586	664	647
Marketing Expense	3,471	3,323	3,224	3,239	3,437	3,173	3,113	3,154	3,385	3,345	3,424
Research & Development Expense	1,420	1,356	1,349	1,368	1,275	1,204	1,220	1,207	1,128	1,280	1,329
Restructuring Charge	298	56	99	8.00	173	55	49	711	828	0.00	0.00
Total Other Income / (Expense), net	168	-147	54	158	23	-14	16	-86	-324	15	-12
Interest & Investment Income	96	-217	-37	37	-35	-72	-29	-141	-314	23	45
Other Income / (Expense), net	72	70	91	121	58	58	45	55	-10	-8.00	-57
Income Tax Expense	280	219	408	334	199	263	225	127	131	265	113
Basic Earnings per Share	$1.78	$1.60	$1.48	$1.58	$1.49	$1.26	$1.30	$0.20	($0.10)	$0.21	$0.07
Weighted Average Basic Shares Outstanding	962M	956M	964M	970M	974M	972M	975M	980M	992M	997M	997M
Diluted Earnings per Share	$1.75	$1.58	$1.47	$1.56	$1.47	$1.25	$1.28	$0.20	($0.10)	$0.21	$0.07
Weighted Average Diluted Shares Outstanding	974M	965M	973M	985M	984M	981M	986M	988M	997M	1B	1.00B
Weighted Average Basic & Diluted Shares Outstanding	961M	957M	956M	969M	970M	968M	973M	974M	1B	1B	1B

This table details how cash moves in and out of Salesforce's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016	1/31/2015
Net Change in Cash & Equivalents	376	1,456	1,552	-731	2,050	1,476	126	948	449	250	126
Net Cash From Operating Activities	13,092	10,234	7,111	6,000	4,801	4,331	3,398	2,738	2,162	1,672	1,181
Net Cash From Continuing Operating Activities	13,092	10,234	7,111	6,000	4,801	4,331	3,398	2,738	2,162	1,672	1,181
Net Income / (Loss) Continuing Operations	6,197	4,136	208	1,444	4,072	126	1,110	360	323	-47	-263
Consolidated Net Income / (Loss)	6,197	4,136	208	1,444	4,072	126	1,110	360	323	-47	-263
Depreciation Expense	3,477	3,959	3,786	3,298	2,846	2,135	982	784	632	526	448
Amortization Expense	2,095	1,925	1,668	1,348	1,058	876	737	592	501	347	297
Non-Cash Adjustments To Reconcile Net Income	2,767	2,815	2,917	1,914	-1,756	2,059	1,263	1,350	789	535	559
Changes in Operating Assets and Liabilities, net	-1,444	-2,601	-1,468	-2,004	-1,419	-865	-694	-348	-83	312	139
Net Cash From Investing Activities	-3,163	-1,327	-1,989	-14,536	-3,971	-2,980	-5,308	-2,011	-2,684	-1,488	-698
Net Cash From Continuing Investing Activities	-3,163	-1,327	-1,989	-14,536	-3,971	-2,980	-5,308	-2,011	-2,684	-1,488	-698
Purchase of Property, Plant & Equipment	-658	-736	-798	-717	-710	-643	-595	-534	-464	-710	-290
Acquisitions	-2,734	-82	-439	-14,876	-1,281	-369	-5,115	-25	-3,193	-59	38
Purchase of Investments	-7,418	-4,257	-5,327	-7,392	-5,902	-4,625	-1,430	-2,219	-1,180	-1,525	-874
Sale and/or Maturity of Investments	7,647	3,748	4,575	8,449	3,922	2,657	1,832	767	2,073	558	331
Net Cash From Financing Activities	-9,429	-7,477	-3,562	7,838	1,194	164	2,010	221	998	73	-318
Net Cash From Continuing Financing Activities	-9,429	-7,477	-3,562	7,838	1,194	164	2,010	221	998	73	-318
Repayment of Debt	-1,000	-1,182	-4.00	-1,201	-4.00	-503	-1,529	-429	-648	-382	-925
Repurchase of Common Equity	-7,829	-7,620	-4,000	0.00	0.00	-	-	-	-	-	-
Payment of Dividends	-1,537	0.00	0.00	-	-	-	-	-	-	-	-
Issuance of Common Equity	1,540	1,954	861	1,289	1,321	840	704	650	401	455	309
Other Financing Activities, net	-603	-629	-419	-156	-103	-173	-131	-	-	-	-
Effect of Exchange Rate Changes	-124	26	-8.00	-33	26	-39	26	-	-27	-7.11	-38
Cash Interest Paid	233	254	275	187	96	106	94	-40	55	38	25
Cash Income Taxes Paid	2,061	1,027	510	196	216	129	83	-53	36	31	36

This table details how cash moves in and out of Salesforce's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	851	315	-2,276	1,486	2,019	-319	-2,383	2,139	940	-855	72
Net Cash From Operating Activities	3,970	1,983	892	6,247	3,403	1,532	808	4,491	2,788	313	334
Net Cash From Continuing Operating Activities	3,970	1,983	892	6,247	3,403	1,532	808	4,491	2,788	313	334
Net Income / (Loss) Continuing Operations	1,708	1,527	1,429	1,533	1,446	1,224	1,267	199	-98	210	68
Consolidated Net Income / (Loss)	1,708	1,527	1,429	1,533	1,446	1,224	1,267	199	-98	210	68
Depreciation Expense	877	814	907	879	953	862	890	1,254	1,032	941	907
Amortization Expense	527	525	526	517	497	482	476	470	443	423	408
Non-Cash Adjustments To Reconcile Net Income	6,830	-1,154	-3,289	380	6,182	-1,212	-462	-1,693	6,240	-3,606	1,907
Changes in Operating Assets and Liabilities, net	-5,972	271	1,319	2,938	-5,675	176	-1,363	4,261	-4,829	2,345	-2,956
Net Cash From Investing Activities	-2,936	-217	2,641	-2,651	-468	-54	-1,152	347	312	533	-377
Net Cash From Continuing Investing Activities	-2,936	-217	2,641	-2,651	-468	-54	-1,152	347	312	533	-377
Purchase of Property, Plant & Equipment	-154	-204	-137	-163	-147	-166	-180	-243	-218	-198	-203
Acquisitions	-2,217	-179	-	-338	-	-82	-	0.00	-	-	-25
Purchase of Investments	-2,003	-1,306	-654	-3,455	-1,040	-764	-1,980	-473	-720	-452	-1,360
Sale and/or Maturity of Investments	1,438	1,472	3,432	1,305	719	958	1,008	1,063	1,250	1,183	1,211
Net Cash From Financing Activities	-73	-1,446	-5,802	-2,108	-946	-1,765	-2,050	-2,716	-2,221	-1,678	136
Net Cash From Continuing Financing Activities	-73	-1,446	-5,802	-2,108	-946	-1,765	-2,050	-2,716	-2,221	-1,678	136
Repurchase of Common Equity	-76	-1,285	-4,335	-2,133	-1,692	-1,925	-1,949	-2,054	-2,323	-1,677	-
Payment of Dividends	-383	-382	-384	-388	-	-	-	0.00	-	-	-
Issuance of Common Equity	484	321	202	533	869	274	362	449	173	233	181
Other Financing Activities, net	-98	-100	-285	-120	-123	-114	-282	-110	-70	-233	-44
Effect of Exchange Rate Changes	-110	-5.00	-	-	30	-32	11	17	61	-	-
Cash Interest Paid	87	28	90	28	90	28	90	46	91	46	92
Cash Income Taxes Paid	673	471	823	94	318	458	129	122	120	113	96

This table presents Salesforce's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016	1/31/2015
Total Assets	102,928	99,823	98,849	95,209	66,301	55,126	30,737	21,984	17,585	12,763	10,665
Total Current Assets	29,727	29,074	26,395	22,850	21,889	15,963	10,683	9,584	5,997	5,731	3,515
Cash & Equivalents	8,848	8,472	7,016	5,464	6,195	4,145	2,669	2,543	1,607	1,158	908
Short-Term Investments	5,184	5,722	5,492	5,073	5,771	3,802	1,673	1,978	602	1,567	87
Accounts Receivable	11,945	11,414	10,755	9,739	7,786	6,174	4,924	3,921	3,197	2,496	1,906
Prepaid Expenses	1,779	1,561	1,356	1,120	991	916	629	471	280	251	245
Other Current Assets	1,971	1,905	1,776	1,454	1,146	926	788	671	312	259	369
Plant, Property, & Equipment, net	3,236	3,689	3,702	2,815	2,459	2,375	2,051	1,947	1,788	1,716	1,126
Total Noncurrent Assets	69,965	67,060	68,752	69,544	41,953	36,788	18,003	10,453	9,801	5,316	6,025
Long-Term Investments	4,852	4,848	4,672	4,784	3,909	1,963	1,302	677	567	521	1,186
Goodwill	51,283	48,620	48,568	47,937	26,318	25,134	12,851	7,314	7,264	3,850	3,783
Intangible Assets	4,428	5,278	7,125	8,978	4,114	4,724	1,923	973	1,255	613	433
Other Noncurrent Operating Assets	9,402	8,314	8,387	7,845	7,612	4,967	1,927	1,489	715	332	623
Total Liabilities & Shareholders' Equity	102,928	99,823	98,849	95,209	66,301	55,126	30,737	21,984	17,585	12,763	10,665
Total Liabilities	41,755	40,177	40,490	37,078	24,808	21,241	15,132	11,608	10,085	7,760	6,690
Total Current Liabilities	27,980	26,631	25,891	21,788	17,728	14,845	11,255	10,067	7,295	5,617	4,390
Short-Term Debt	0.00	999	1,182	4.00	-	-	-	1,025	0.00	-	-
Accounts Payable	6,658	6,111	6,743	5,470	4,355	3,433	2,691	76	1,753	1,349	1,103
Current Deferred Revenue	20,743	19,003	17,376	15,628	12,607	10,662	8,564	6,995	5,543	4,268	3,287
Other Current Liabilities	579	518	590	686	766	750	0.00	-	-	-	-
Total Noncurrent Liabilities	13,775	13,546	14,599	15,290	7,080	6,396	3,877	1,541	2,789	2,143	2,300
Long-Term Debt	8,433	8,427	9,419	10,592	2,673	2,673	3,173	695	2,008	1,286	1,371
Other Noncurrent Operating Liabilities	5,342	5,119	5,180	4,698	4,407	3,723	704	846	781	833	894
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	-	-	0.00	0.00	0.00	-
Total Equity & Noncontrolling Interests	61,173	59,646	58,359	58,131	41,493	33,885	15,605	10,376	7,500	5,003	3,975
Total Preferred & Common Equity	61,173	59,646	58,359	58,131	41,493	33,885	15,605	10,376	7,500	5,003	3,975
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	61,173	59,646	58,359	58,131	41,493	33,885	15,605	10,376	7,500	5,003	3,975
Common Stock	64,577	59,842	55,048	50,920	35,602	32,117	13,928	9,753	8,041	5,706	4,605
Retained Earnings	16,369	11,721	7,585	7,377	5,933	1,861	1,735	635	-465	-653	-606
Treasury Stock	-19,507	-11,692	-4,000	0.00	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income / (Loss)	-266	-225	-274	-166	-42	-93	-58	-12	-76	-50	-24

This table presents Salesforce's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022	4/30/2022
Total Assets	91,395	92,180	96,180	99,823	91,022	92,447	93,541	98,849	91,884	94,148	93,022
Total Current Assets	21,425	21,862	25,604	29,074	20,202	21,138	21,981	26,395	19,209	21,246	20,411
Cash & Equivalents	7,997	7,682	9,958	8,472	6,453	6,772	9,155	7,016	6,076	6,931	6,859
Short-Term Investments	4,760	4,954	7,712	5,722	5,410	5,625	4,822	5,492	5,842	6,602	6,644
Accounts Receivable	4,741	5,391	4,273	11,414	4,850	5,400	4,632	10,755	4,275	4,745	3,952
Prepaid Expenses	2,091	1,984	1,796	1,561	1,732	1,560	1,600	1,356	1,467	1,437	1,478
Other Current Assets	1,836	1,851	1,865	1,905	1,757	1,781	1,772	1,776	1,549	1,531	1,478
Plant, Property, & Equipment, net	3,416	3,580	3,506	3,689	3,807	3,876	3,695	3,702	3,514	3,375	2,868
Total Noncurrent Assets	66,554	66,738	67,070	67,060	67,013	67,433	67,865	68,752	69,161	69,527	69,743
Long-Term Investments	4,845	5,017	4,978	4,848	4,774	4,778	4,633	4,672	5,124	5,124	4,936
Goodwill	49,093	48,941	48,940	48,620	48,614	48,566	48,567	48,568	48,555	48,568	48,319
Intangible Assets	4,119	4,415	4,869	5,278	5,737	6,182	6,654	7,125	7,598	8,072	8,559
Other Noncurrent Operating Assets	8,497	8,365	8,283	8,314	7,888	7,907	8,011	8,387	7,884	7,763	7,929
Total Liabilities & Shareholders' Equity	91,395	92,180	96,180	99,823	91,022	92,447	93,541	98,849	91,884	94,148	93,022
Total Liabilities	32,870	34,547	36,497	40,177	32,932	34,365	36,129	40,490	32,533	34,050	34,146
Total Current Liabilities	19,375	21,001	23,149	26,631	19,394	20,805	21,626	25,891	18,227	20,080	19,899
Short-Term Debt	0.00	0.00	1,000	999	999	999	181	1,182	1,182	1,183	1,002
Accounts Payable	5,331	5,220	5,520	6,111	5,308	5,059	5,733	6,743	5,285	5,446	4,603
Current Deferred Revenue	13,472	15,222	16,061	19,003	12,564	14,237	15,121	17,376	11,193	12,825	13,636
Other Current Liabilities	572	559	568	518	523	510	591	590	567	626	658
Total Noncurrent Liabilities	13,495	13,546	13,348	13,546	13,538	13,560	14,503	14,599	14,306	13,970	14,247
Long-Term Debt	8,432	8,430	8,429	8,427	8,426	8,424	9,421	9,419	9,418	9,416	9,595
Other Noncurrent Operating Liabilities	5,063	5,116	4,919	5,119	5,112	5,136	5,082	5,180	4,888	4,554	4,652
Total Equity & Noncontrolling Interests	58,525	57,633	59,683	59,646	58,090	58,082	57,412	58,359	59,351	60,098	58,876
Total Preferred & Common Equity	58,525	57,633	59,683	59,646	58,090	58,082	57,412	58,359	59,351	60,098	58,876
Total Common Equity	58,525	57,633	59,683	59,646	58,090	58,082	57,412	58,359	59,351	60,098	58,876
Common Stock	63,115	62,144	60,947	59,842	58,150	57,346	56,027	55,048	53,892	52,980	51,781
Retained Earnings	15,049	13,907	12,866	11,721	10,275	9,051	7,784	7,585	7,683	7,473	7,405
Treasury Stock	-19,414	-18,182	-13,860	-11,692	-10,004	-8,057	-6,144	-4,000	-1,743	-	-
Accumulated Other Comprehensive Income / (Loss)	-225	-236	-270	-225	-331	-258	-255	-274	-481	-355	-310

This table displays calculated financial ratios and metrics derived from Salesforce's official financial filings.

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018	1/31/2017	1/31/2016	1/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.72%	11.18%	18.35%	24.66%	24.30%	28.73%	26.02%	24.93%	26.54%	24.07%	32.00%
EBITDA Growth	18.18%	74.89%	27.90%	15.65%	30.55%	52.31%	20.27%	33.73%	35.15%	66.82%	84.64%
EBIT Growth	44.61%	481.42%	180.06%	-17.90%	40.14%	-36.73%	5.00%	100.00%	72.95%	181.01%	48.48%
NOPAT Growth	43.37%	1,189.86%	-37.16%	-28.60%	1,264.86%	-91.23%	55.24%	-1.08%	563.93%	16.82%	49.09%
Net Income Growth	49.83%	1,888.46%	-85.60%	-64.54%	3,131.75%	-88.65%	208.33%	11.46%	781.06%	81.95%	-13.14%
EPS Growth	51.43%	1,900.00%	-85.81%	-66.21%	2,820.00%	-89.51%	191.84%	6.52%	757.14%	83.33%	-7.69%
Operating Cash Flow Growth	27.93%	43.92%	18.52%	24.97%	10.85%	27.46%	24.11%	26.64%	29.30%	41.53%	34.95%
Free Cash Flow Firm Growth	-10.55%	204.37%	107.93%	-2,575.06%	93.17%	-139.01%	-2,616.24%	106.79%	-8,974.73%	-89.43%	113.10%
Invested Capital Growth	1.38%	-3.38%	-3.04%	88.77%	6.17%	102.89%	90.40%	2.46%	121.26%	-3.85%	-12.53%
Revenue Q/Q Growth	1.90%	2.66%	3.49%	6.04%	4.76%	7.87%	7.49%	3.31%	6.70%	7.14%	4.27%
EBITDA Q/Q Growth	1.28%	13.34%	13.71%	-5.12%	13.09%	26.01%	-14.46%	-0.59%	27.16%	8.61%	14.80%
EBIT Q/Q Growth	2.89%	34.23%	180.06%	-55.23%	104.71%	2,436.36%	-52.07%	11.13%	140.26%	72.25%	29.32%
NOPAT Q/Q Growth	2.41%	43.94%	1.02%	-30.23%	91.87%	-85.46%	0.34%	39.47%	-20.88%	75.76%	32.13%
Net Income Q/Q Growth	4.41%	59.57%	-25.18%	-16.96%	14.48%	-82.88%	16.35%	46.38%	57.13%	45.91%	16.22%
EPS Q/Q Growth	4.61%	59.70%	-19.23%	-17.78%	15.87%	-83.87%	12.60%	53.13%	53.33%	46.15%	16.00%
Operating Cash Flow Q/Q Growth	4.53%	6.39%	12.78%	-3.10%	-50.28%	416.59%	8.95%	14.47%	12.24%	8.45%	6.18%
Free Cash Flow Firm Q/Q Growth	-28.08%	20.19%	17.34%	-2.72%	32.97%	2.33%	15.82%	8.27%	-28.44%	119.07%	84.47%
Invested Capital Q/Q Growth	2.77%	-1.67%	-2.13%	-1.56%	-4.30%	-4.19%	-3.91%	8.19%	6.81%	-6.07%	-6.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.19%	75.50%	73.34%	73.48%	74.41%	75.23%	74.02%	73.69%	73.52%	75.18%	76.01%
EBITDA Margin	34.65%	31.88%	20.26%	18.75%	20.21%	19.24%	16.26%	17.04%	15.92%	14.90%	11.09%
Operating Margin	19.01%	14.38%	3.29%	2.07%	2.14%	1.74%	4.03%	4.31%	2.58%	1.72%	-2.71%
EBIT Margin	19.95%	15.00%	2.87%	1.21%	1.84%	1.63%	3.32%	3.98%	2.49%	1.82%	-2.79%
Profit (Net Income) Margin	16.35%	11.87%	0.66%	5.45%	19.16%	0.74%	8.36%	3.42%	3.83%	-0.71%	-4.89%
Tax Burden Percent	83.32%	83.56%	31.52%	94.26%	159.00%	17.85%	112.92%	85.71%	180.45%	-73.78%	123.28%
Interest Burden Percent	98.40%	94.70%	73.41%	477.26%	654.99%	253.05%	222.90%	100.00%	85.24%	52.94%	142.16%
Effective Tax Rate	16.68%	16.44%	68.48%	5.74%	-59.00%	82.15%	-12.92%	14.29%	-80.45%	173.78%	0.00%
Return on Invested Capital (ROIC)	11.92%	8.23%	0.62%	1.26%	2.63%	0.27%	6.03%	5.71%	8.05%	-2.73%	-3.01%
ROIC Less NNEP Spread (ROIC-NNEP)	9.98%	8.85%	2.68%	-9.08%	-30.13%	-1.24%	-10.98%	7.08%	13.21%	-5.43%	121.94%
Return on Net Nonoperating Assets (RNNOA)	-1.66%	-1.22%	-0.26%	1.63%	8.17%	0.24%	2.51%	-1.68%	-2.88%	1.68%	-4.46%
Return on Equity (ROE)	10.26%	7.01%	0.36%	2.90%	10.80%	0.51%	8.54%	4.03%	5.17%	-1.06%	-7.46%
Cash Return on Invested Capital (CROIC)	10.54%	11.66%	3.71%	-60.22%	-3.35%	-67.67%	-56.23%	3.28%	-67.44%	1.20%	10.37%
Operating Return on Assets (OROA)	7.46%	5.26%	0.93%	0.40%	0.64%	0.65%	1.67%	2.12%	1.38%	1.04%	-1.51%
Return on Assets (ROA)	6.11%	4.16%	0.21%	1.79%	6.71%	0.29%	4.21%	1.82%	2.13%	-0.40%	-2.65%
Return on Common Equity (ROCE)	10.26%	7.01%	0.36%	2.90%	10.80%	0.51%	8.54%	4.03%	5.17%	-1.06%	-7.43%
Return on Equity Simple (ROE_SIMPLE)	10.13%	6.93%	0.36%	2.48%	9.81%	0.37%	7.11%	3.47%	4.31%	-0.95%	-6.61%
Net Operating Profit after Tax (NOPAT)	6,003	4,187	325	517	723	53	604	389	393	-85	-102
NOPAT Margin	15.84%	12.01%	1.04%	1.95%	3.40%	0.31%	4.55%	3.69%	4.66%	-1.27%	-1.90%
Net Nonoperating Expense Percent (NNEP)	1.93%	-0.63%	-2.06%	10.35%	32.77%	1.50%	17.01%	-1.37%	-5.16%	2.70%	-124.94%
Return On Investment Capital (ROIC_SIMPLE)	8.62%	6.06%	0.47%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	22.81%	24.50%	26.67%	26.52%	25.59%	24.77%	25.98%	26.31%	26.48%	24.82%	23.99%
SG&A Expenses to Revenue	7.48%	7.27%	8.14%	9.81%	9.82%	9.97%	10.13%	10.33%	11.45%	11.22%	12.65%
R&D to Revenue	14.50%	14.07%	16.12%	16.85%	16.93%	16.18%	14.20%	14.73%	14.32%	14.19%	14.76%
Operating Expenses to Revenue	58.18%	61.12%	70.05%	71.41%	72.27%	73.49%	69.99%	69.38%	70.94%	73.46%	78.72%
Earnings before Interest and Taxes (EBIT)	7,559	5,227	899	321	391	279	441	420	210	121	-150
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	13,131	11,111	6,353	4,967	4,295	3,290	2,160	1,796	1,343	994	596
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.35	4.54	2.86	3.93	4.96	4.76	7.43	7.91	7.33	9.01	8.94
Price to Tangible Book Value (P/TBV)	59.87	47.07	62.65	187.90	18.61	40.04	139.50	39.27	0.00	83.47	0.00
Price to Revenue (P/Rev)	8.63	7.76	5.33	8.62	9.68	9.43	8.73	7.78	6.51	6.76	6.61
Price to Earnings (P/E)	52.77	65.42	803.06	158.23	50.54	1,279.74	104.44	227.89	170.13	0.00	0.00
Dividend Yield	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.90%	1.53%	0.12%	0.63%	1.98%	0.08%	0.96%	0.44%	0.59%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.24	5.22	3.10	4.19	6.81	5.78	8.64	11.39	8.05	14.17	10.97
Enterprise Value to Revenue (EV/Rev)	8.35	7.49	5.12	8.45	9.06	9.01	8.54	7.45	6.42	6.46	6.46
Enterprise Value to EBITDA (EV/EBITDA)	24.11	23.49	25.26	45.05	44.84	46.81	52.53	43.74	40.35	43.38	58.27
Enterprise Value to EBIT (EV/EBIT)	41.88	49.93	178.49	697.07	492.57	552.01	257.27	187.06	258.02	354.98	0.00
Enterprise Value to NOPAT (EV/NOPAT)	52.73	62.33	494.32	433.21	266.22	2,905.54	187.80	201.89	137.74	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	24.18	25.50	22.56	37.29	40.12	35.56	33.39	28.69	25.06	25.78	29.38
Enterprise Value to Free Cash Flow (EV/FCFF)	59.61	43.96	82.26	0.00	0.00	0.00	0.00	351.01	0.00	1,160.42	98.73
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.16	0.18	0.18	0.06	0.08	0.20	0.17	0.27	0.26	0.34
Long-Term Debt to Equity	0.14	0.14	0.16	0.18	0.06	0.08	0.20	0.07	0.27	0.26	0.34
Financial Leverage	-0.17	-0.14	-0.10	-0.18	-0.27	-0.20	-0.23	-0.24	-0.22	-0.31	-0.04
Leverage Ratio	1.68	1.68	1.67	1.62	1.61	1.74	2.03	2.21	2.43	2.61	2.81
Compound Leverage Factor	1.65	1.59	1.22	7.74	10.55	4.39	4.52	2.21	2.07	1.38	4.00
Debt to Total Capital	12.12%	13.65%	15.37%	15.42%	6.05%	7.31%	16.90%	14.22%	21.12%	20.45%	25.64%
Short-Term Debt to Total Capital	0.00%	1.45%	1.71%	0.01%	0.00%	0.00%	0.00%	8.47%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	12.12%	12.20%	13.66%	15.41%	6.05%	7.31%	16.90%	5.75%	21.12%	20.45%	25.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.88%	86.35%	84.63%	84.58%	93.95%	92.69%	83.10%	85.78%	78.88%	79.55%	74.36%
Debt to EBITDA	0.64	0.85	1.67	2.13	0.62	0.81	1.47	0.96	1.50	1.29	2.30
Net Debt to EBITDA	-0.80	-0.87	-1.04	-0.95	-3.07	-2.20	-1.14	-1.94	-0.57	-1.97	-1.36
Long-Term Debt to EBITDA	0.64	0.76	1.48	2.13	0.62	0.81	1.47	0.39	1.50	1.29	2.30
Debt to NOPAT	1.40	2.25	32.66	20.51	3.69	50.43	5.25	4.42	5.11	-15.17	-13.45
Net Debt to NOPAT	-1.74	-2.30	-20.27	-9.15	-18.25	-136.53	-4.09	-8.94	-1.95	23.12	7.95
Long-Term Debt to NOPAT	1.40	2.01	29.02	20.51	3.69	50.43	5.25	1.79	5.11	-15.17	-13.45
Altman Z-Score	5.55	4.76	2.94	4.11	5.52	4.95	5.13	4.80	3.66	3.98	3.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.38%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.09	1.02	1.05	1.23	1.08	0.95	0.95	0.82	1.02	0.80
Quick Ratio	0.93	0.96	0.90	0.93	1.11	0.95	0.82	0.84	0.74	0.93	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,311	5,937	1,951	-24,598	-920	-13,461	-5,632	224	-3,296	37	352
Operating Cash Flow to CapEx	1,989.67%	1,390.49%	891.10%	836.82%	676.20%	673.56%	571.09%	512.73%	465.95%	290.04%	1,757.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-37.04	0.51	4.80
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.29	23.07	16.13
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.08	15.11	15.21
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.35	0.32	0.33	0.35	0.40	0.50	0.53	0.56	0.57	0.54
Accounts Receivable Turnover	3.24	3.14	3.06	3.02	3.04	3.08	3.00	2.96	2.96	3.03	3.29
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.94	9.43	9.62	10.05	8.79	7.73	6.64	5.64	4.82	4.69	4.54
Accounts Payable Turnover	1.35	1.33	1.37	1.43	1.40	1.38	2.49	3.03	1.44	1.35	1.27
Days Sales Outstanding (DSO)	112.50	116.07	119.30	120.73	119.88	118.46	121.53	123.24	123.14	120.49	110.93
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	269.62	274.66	266.61	255.20	261.37	263.90	146.33	120.35	253.41	270.53	288.44
Cash Conversion Cycle (CCC)	-157.13	-158.59	-147.32	-134.48	-141.49	-145.45	-24.79	2.89	-130.27	-150.05	-177.50
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	50,722	50,030	51,780	53,406	28,291	26,648	13,134	6,898	6,733	3,043	3,165
Invested Capital Turnover	0.75	0.68	0.60	0.65	0.77	0.86	1.33	1.55	1.73	2.15	1.58
Increase / (Decrease) in Invested Capital	692	-1,750	-1,626	25,115	1,643	13,514	6,236	165	3,690	-122	-453
Enterprise Value (EV)	316,556	260,968	160,458	223,761	192,596	154,010	113,454	78,564	54,184	43,103	34,708
Market Capitalization	327,007	270,584	167,037	228,486	205,798	161,247	115,925	82,042	54,952	45,063	35,518
Book Value per Share	$63.92	$61.62	$58.36	$59.02	$45.35	$38.20	$20.40	$14.37	$10.77	$7.53	$6.30
Tangible Book Value per Share	$5.71	$5.94	$2.67	$1.23	$12.09	$4.54	$1.09	$2.89	($1.46)	$0.81	($0.38)
Total Capital	69,606	69,072	68,960	68,727	44,166	36,558	18,778	12,096	9,509	6,289	5,346
Total Debt	8,433	9,426	10,601	10,596	2,673	2,673	3,173	1,720	2,008	1,286	1,371
Total Long-Term Debt	8,433	8,427	9,419	10,592	2,673	2,673	3,173	695	2,008	1,286	1,371
Net Debt	-10,451	-9,616	-6,579	-4,725	-13,202	-7,237	-2,471	-3,478	-767	-1,960	-810
Capital Expenditures (CapEx)	658	736	798	717	710	643	595	534	464	577	67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12,285	-10,752	-10,822	-9,471	-7,805	-6,829	-4,914	-3,979	-3,508	-2,611	-1,871
Debt-free Net Working Capital (DFNWC)	1,747	3,442	1,686	1,066	4,161	1,118	-572	542	-1,299	114	-876
Net Working Capital (NWC)	1,747	2,443	504	1,062	4,161	1,118	-572	-483	-1,299	114	-876
Net Nonoperating Expense (NNE)	-194	51	117	-927	-3,349	-73	-506	29	70	-37	161
Net Nonoperating Obligations (NNO)	-10,451	-9,616	-6,579	-4,725	-13,202	-7,237	-2,471	-3,478	-767	-1,960	-810
Total Depreciation and Amortization (D&A)	5,572	5,884	5,454	4,646	3,904	3,011	1,719	1,376	1,133	872	746
Debt-free, Cash-free Net Working Capital to Revenue	-32.42%	-30.85%	-34.52%	-35.75%	-36.73%	-39.94%	-37.00%	-37.75%	-41.57%	-39.16%	-34.82%
Debt-free Net Working Capital to Revenue	4.61%	9.87%	5.38%	4.02%	19.58%	6.54%	-4.31%	5.14%	-15.39%	1.71%	-16.29%
Net Working Capital to Revenue	4.61%	7.01%	1.61%	4.01%	19.58%	6.54%	-4.31%	-4.58%	-15.39%	1.71%	-16.29%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.44	$4.25	$0.21	$1.51	$0.00	$0.15	$1.48	$0.18	$0.26	($0.07)	($0.42)
Adjusted Weighted Average Basic Shares Outstanding	962M	974M	992M	955M	0.00	829M	751M	714.92M	687.80M	661.65M	624.15M
Adjusted Diluted Earnings per Share	$6.36	$4.20	$0.21	$1.48	$0.00	$0.15	$1.43	$0.17	$0.26	($0.07)	($0.42)
Adjusted Weighted Average Diluted Shares Outstanding	974M	984M	997M	974M	0.00	850M	775M	734.60M	700.22M	661.65M	624.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.15	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	961M	970M	1B	990M	0.00	895M	771M	731.50M	707.50M	670.90M	650.60M
Normalized Net Operating Profit after Tax (NOPAT)	6,387	5,012	1,301	517	319	208	375	389	153	55	-102
Normalized NOPAT Margin	16.85%	14.38%	4.15%	1.95%	1.50%	1.22%	2.82%	3.69%	1.81%	0.82%	-1.90%
Pre Tax Income Margin	19.63%	14.20%	2.11%	5.78%	12.05%	4.13%	7.40%	3.98%	2.12%	0.96%	-3.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.36	1.68	-2.05
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.42	-1.17	-1.39
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-2.85	-6.28	-2.96
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.79	-9.12	-2.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	151.14%	184.24%	1,923.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Salesforce's official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.60%	8.30%	8.39%	10.74%	10.77%	11.27%	11.44%	11.28%	14.44%	14.19%	21.77%
EBITDA Growth	5.30%	13.74%	14.55%	47.24%	71.79%	59.86%	98.97%	73.34%	72.54%	46.10%	7.24%
EBIT Growth	12.62%	25.91%	23.21%	291.86%	384.15%	244.91%	1,018.38%	1,397.22%	250.22%	806.25%	-54.67%
NOPAT Growth	9.67%	34.00%	10.66%	457.97%	234.48%	507.53%	1,628.65%	1,696.41%	-760.54%	241.92%	-66.28%
Net Income Growth	18.12%	24.75%	12.79%	670.35%	1,575.51%	482.86%	1,763.24%	610.71%	-250.00%	-55.13%	-87.29%
EPS Growth	19.05%	26.40%	14.84%	680.00%	1,570.00%	495.24%	1,728.57%	566.67%	-100.00%	-55.32%	-87.50%
Operating Cash Flow Growth	16.66%	29.44%	10.40%	39.10%	22.06%	389.46%	141.92%	22.17%	40.67%	-22.52%	-13.47%
Free Cash Flow Firm Growth	-72.55%	-2.69%	11.59%	16.03%	461.27%	111.51%	71.74%	111.64%	102.24%	106.27%	107.13%
Invested Capital Growth	1.38%	-2.99%	-3.81%	-4.01%	-3.38%	-3.84%	-3.29%	-5.15%	-3.04%	-2.47%	-3.08%
Revenue Q/Q Growth	5.81%	1.28%	2.10%	-1.66%	6.50%	1.36%	4.32%	-1.63%	6.98%	1.52%	4.17%
EBITDA Q/Q Growth	-0.18%	-0.15%	2.51%	3.07%	7.82%	0.55%	31.77%	20.25%	0.33%	25.16%	14.79%
EBIT Q/Q Growth	-3.62%	4.75%	2.40%	8.93%	7.76%	2.50%	225.70%	34.58%	-23.23%	232.35%	477.78%
NOPAT Q/Q Growth	-5.55%	19.36%	-1.16%	-1.58%	15.40%	-1.43%	398.38%	123.72%	-621.31%	180.48%	417.92%
Net Income Q/Q Growth	11.85%	6.86%	-6.78%	6.02%	18.14%	-3.39%	536.68%	303.06%	-146.67%	208.82%	142.86%
EPS Q/Q Growth	10.76%	7.48%	-5.77%	6.12%	17.60%	-2.34%	540.00%	300.00%	-147.62%	200.00%	133.33%
Operating Cash Flow Q/Q Growth	100.20%	122.31%	-85.72%	83.57%	122.13%	89.60%	-82.01%	61.08%	790.73%	-6.29%	-90.91%
Free Cash Flow Firm Q/Q Growth	-72.58%	-3.88%	-1.08%	5.27%	-2.78%	10.23%	2.84%	409.26%	-63.36%	-10.50%	106.97%
Invested Capital Q/Q Growth	2.77%	1.95%	4.19%	-7.13%	-1.67%	1.09%	3.98%	-6.52%	-2.13%	1.67%	1.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.81%	77.71%	76.85%	76.33%	76.87%	75.29%	75.44%	74.23%	74.95%	73.36%	72.45%
EBITDA Margin	32.98%	34.96%	35.46%	35.32%	33.70%	33.29%	33.56%	26.57%	21.73%	23.17%	18.80%
Operating Margin	18.21%	20.04%	19.12%	18.71%	17.47%	17.21%	17.16%	5.00%	4.26%	5.87%	2.50%
EBIT Margin	18.93%	20.79%	20.10%	20.04%	18.09%	17.88%	17.68%	5.66%	4.14%	5.77%	1.76%
Profit (Net Income) Margin	17.09%	16.17%	15.32%	16.79%	15.57%	14.04%	14.73%	2.41%	-1.17%	2.68%	0.88%
Tax Burden Percent	85.92%	87.46%	77.79%	82.11%	87.90%	82.31%	84.92%	61.04%	-296.97%	44.21%	37.57%
Interest Burden Percent	105.07%	88.95%	98.03%	102.02%	97.92%	95.38%	98.09%	69.81%	9.51%	105.09%	133.09%
Effective Tax Rate	14.08%	12.54%	22.21%	17.89%	12.10%	17.69%	15.08%	38.96%	396.97%	55.79%	62.43%
Return on Invested Capital (ROIC)	11.77%	13.01%	10.99%	11.58%	10.51%	9.27%	9.41%	1.97%	-7.54%	1.47%	0.52%
ROIC Less NNEP Spread (ROIC-NNEP)	10.33%	14.58%	10.49%	10.41%	10.26%	9.44%	9.24%	2.60%	-24.56%	1.32%	0.61%
Return on Net Nonoperating Assets (RNNOA)	-1.72%	-2.05%	-1.54%	-1.98%	-1.41%	-1.10%	-1.24%	-0.38%	2.38%	-0.11%	-0.05%
Return on Equity (ROE)	10.05%	10.96%	9.45%	9.60%	9.10%	8.17%	8.18%	1.60%	-5.15%	1.36%	0.47%
Cash Return on Invested Capital (CROIC)	10.54%	14.73%	14.93%	15.30%	11.66%	9.52%	6.93%	6.36%	3.71%	3.10%	3.43%
Operating Return on Assets (OROA)	7.08%	8.48%	7.94%	7.55%	6.35%	6.64%	6.27%	1.95%	1.34%	1.95%	0.57%
Return on Assets (ROA)	6.39%	6.59%	6.05%	6.32%	5.46%	5.21%	5.22%	0.83%	-0.38%	0.91%	0.28%
Return on Common Equity (ROCE)	10.05%	10.96%	9.45%	9.60%	9.10%	8.17%	8.18%	1.60%	-5.15%	1.36%	0.47%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.14%	9.77%	9.17%	0.00%	4.46%	2.72%	0.66%	0.00%	0.47%	0.89%
Net Operating Profit after Tax (NOPAT)	1,564	1,656	1,387	1,403	1,426	1,236	1,253	251	-1,060	203	73
NOPAT Margin	15.65%	17.53%	14.87%	15.36%	15.35%	14.17%	14.57%	3.05%	-12.65%	2.60%	0.94%
Net Nonoperating Expense Percent (NNEP)	1.44%	-1.57%	0.49%	1.17%	0.25%	-0.17%	0.17%	-0.62%	17.02%	0.14%	-0.09%
Return On Investment Capital (ROIC_SIMPLE)	2.25%	-	-	-	2.06%	-	-	-	-1.54%	-	-
Cost of Revenue to Revenue	22.19%	22.29%	23.15%	23.67%	23.13%	24.71%	24.56%	25.77%	25.05%	26.64%	27.55%
SG&A Expenses to Revenue	7.68%	7.53%	7.62%	7.08%	6.81%	7.25%	7.35%	7.74%	6.99%	8.47%	8.38%
R&D to Revenue	14.21%	14.36%	14.47%	14.98%	13.73%	13.81%	14.18%	14.64%	13.45%	16.33%	17.22%
Operating Expenses to Revenue	59.60%	57.67%	57.73%	57.62%	59.41%	58.07%	58.28%	69.24%	70.69%	67.49%	69.95%
Earnings before Interest and Taxes (EBIT)	1,892	1,963	1,874	1,830	1,680	1,559	1,521	467	347	452	136
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,296	3,302	3,307	3,226	3,130	2,903	2,887	2,191	1,822	1,816	1,451
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.35	4.76	4.35	4.36	4.54	3.35	3.76	3.45	2.86	2.73	3.04
Price to Tangible Book Value (P/TBV)	59.87	52.43	58.63	44.34	47.07	52.03	65.55	90.28	62.65	50.70	52.80
Price to Revenue (P/Rev)	8.63	7.49	6.88	7.29	7.76	5.73	6.61	6.15	5.33	5.35	6.23
Price to Earnings (P/E)	52.77	46.93	44.53	47.62	65.42	75.06	138.49	521.91	803.06	583.19	340.63
Dividend Yield	0.47%	0.41%	0.31%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.90%	2.13%	2.25%	2.10%	1.53%	1.33%	0.72%	0.19%	0.12%	0.17%	0.29%
Enterprise Value to Invested Capital (EV/IC)	6.24	5.46	4.99	5.32	5.22	3.68	4.19	3.90	3.10	2.94	3.35
Enterprise Value to Revenue (EV/Rev)	8.35	7.24	6.62	6.92	7.49	5.52	6.37	5.87	5.12	5.14	5.95
Enterprise Value to EBITDA (EV/EBITDA)	24.11	20.78	19.22	20.36	23.49	19.11	24.18	25.93	25.26	27.87	34.81
Enterprise Value to EBIT (EV/EBIT)	41.88	36.67	34.79	37.52	49.93	48.11	75.63	134.66	178.49	485.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	52.73	45.96	44.32	46.51	62.33	64.40	114.86	355.56	494.32	484.52	1,102.68
Enterprise Value to Operating Cash Flow (EV/OCF)	24.18	21.51	20.01	20.62	25.50	19.48	25.09	23.82	22.56	24.69	27.29
Enterprise Value to Free Cash Flow (EV/FCFF)	59.61	36.48	32.78	34.08	43.96	37.92	59.46	59.73	82.26	93.65	96.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.14	0.14	0.15	0.16	0.16	0.16	0.16	0.17	0.18	0.18	0.18
Long-Term Debt to Equity	0.14	0.14	0.15	0.14	0.14	0.15	0.15	0.16	0.16	0.16	0.16
Financial Leverage	-0.17	-0.14	-0.15	-0.19	-0.14	-0.12	-0.13	-0.14	-0.10	-0.08	-0.09
Leverage Ratio	1.68	1.56	1.60	1.62	1.68	1.56	1.58	1.60	1.67	1.54	1.58
Compound Leverage Factor	1.76	1.39	1.56	1.65	1.65	1.49	1.55	1.12	0.16	1.62	2.10
Debt to Total Capital	12.12%	12.59%	12.76%	13.64%	13.65%	13.96%	13.96%	14.33%	15.37%	15.15%	14.99%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.45%	1.45%	1.48%	1.48%	0.27%	1.71%	1.69%	1.67%
Long-Term Debt to Total Capital	12.12%	12.59%	12.76%	12.20%	12.20%	12.48%	12.48%	14.06%	13.66%	13.46%	13.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	87.88%	87.41%	87.24%	86.36%	86.35%	86.04%	86.04%	85.67%	84.63%	84.85%	85.01%
Debt to EBITDA	0.64	0.65	0.67	0.78	0.85	0.96	1.08	1.32	1.67	1.90	2.11
Net Debt to EBITDA	-0.80	-0.71	-0.73	-1.09	-0.87	-0.74	-0.89	-1.24	-1.04	-1.15	-1.61
Long-Term Debt to EBITDA	0.64	0.65	0.67	0.69	0.76	0.86	0.97	1.29	1.48	1.69	1.88
Debt to NOPAT	1.40	1.44	1.55	1.77	2.25	3.24	5.13	18.08	32.66	32.99	66.97
Net Debt to NOPAT	-1.74	-1.56	-1.69	-2.49	-2.30	-2.48	-4.22	-16.97	-20.27	-20.05	-50.91
Long-Term Debt to NOPAT	1.40	1.44	1.55	1.59	2.01	2.90	4.59	17.74	29.02	29.31	59.49
Altman Z-Score	5.37	5.82	5.04	4.93	4.64	4.14	4.37	3.77	2.92	3.47	3.66
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.11	1.04	1.11	1.09	1.04	1.02	1.02	1.02	1.05	1.06
Quick Ratio	0.93	0.90	0.86	0.95	0.96	0.86	0.86	0.86	0.90	0.89	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	872	3,179	3,307	3,343	3,176	3,267	2,963	2,881	566	1,544	1,726
Operating Cash Flow to CapEx	2,577.92%	972.06%	651.09%	3,832.52%	2,314.97%	922.89%	448.89%	1,848.15%	1,278.90%	158.08%	164.53%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.41	0.40	0.38	0.35	0.37	0.35	0.35	0.32	0.34	0.32
Accounts Receivable Turnover	3.24	7.76	6.76	8.03	3.14	7.44	6.52	7.50	3.06	7.31	6.65
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.94	10.30	9.78	9.93	9.43	9.28	9.12	9.81	9.62	9.64	9.64
Accounts Payable Turnover	1.35	1.61	1.68	1.52	1.33	1.60	1.60	1.63	1.37	1.74	1.65
Days Sales Outstanding (DSO)	112.50	47.07	54.01	45.47	116.07	49.05	55.98	48.67	119.30	49.97	54.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	269.62	226.45	217.52	239.41	274.66	227.63	227.53	223.50	266.61	209.89	220.91
Cash Conversion Cycle (CCC)	-157.13	-179.39	-163.52	-193.94	-158.59	-178.58	-171.54	-174.83	-147.32	-159.93	-166.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	50,722	49,355	48,410	46,464	50,030	50,878	50,330	48,404	51,780	52,909	52,040
Invested Capital Turnover	0.75	0.74	0.74	0.75	0.68	0.65	0.65	0.65	0.60	0.57	0.55
Increase / (Decrease) in Invested Capital	692	-1,523	-1,920	-1,940	-1,750	-2,031	-1,710	-2,630	-1,626	-1,341	-1,653
Enterprise Value (EV)	316,556	269,380	241,554	247,247	260,968	187,332	210,782	188,795	160,458	155,684	174,519
Market Capitalization	327,007	278,550	250,777	260,466	270,584	194,544	218,534	197,803	167,037	162,126	182,577
Book Value per Share	$63.92	$61.22	$59.48	$61.53	$61.62	$59.70	$59.63	$57.41	$58.36	$59.35	$60.40
Tangible Book Value per Share	$5.71	$5.56	$4.41	$6.06	$5.94	$3.84	$3.42	$2.19	$2.67	$3.20	$3.48
Total Capital	69,606	66,957	66,063	69,112	69,072	67,515	67,505	67,014	68,960	69,951	70,697
Total Debt	8,433	8,432	8,430	9,429	9,426	9,425	9,423	9,602	10,601	10,600	10,599
Total Long-Term Debt	8,433	8,432	8,430	8,429	8,427	8,426	8,424	9,421	9,419	9,418	9,416
Net Debt	-10,451	-9,170	-9,223	-13,219	-9,616	-7,212	-7,752	-9,008	-6,579	-6,442	-8,058
Capital Expenditures (CapEx)	154	204	137	163	147	166	180	243	218	198	203
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12,285	-10,707	-11,775	-14,215	-10,752	-10,056	-11,065	-13,441	-10,822	-9,754	-11,184
Debt-free Net Working Capital (DFNWC)	1,747	2,050	861	3,455	3,442	1,807	1,332	536	1,686	2,164	2,349
Net Working Capital (NWC)	1,747	2,050	861	2,455	2,443	808	333	355	504	982	1,166
Net Nonoperating Expense (NNE)	-144	129	-42	-130	-20	12	-14	52	-962	-6.63	4.51
Net Nonoperating Obligations (NNO)	-10,451	-9,170	-9,223	-13,219	-9,616	-7,212	-7,752	-9,008	-6,579	-6,442	-8,058
Total Depreciation and Amortization (D&A)	1,404	1,339	1,433	1,396	1,450	1,344	1,366	1,724	1,475	1,364	1,315
Debt-free, Cash-free Net Working Capital to Revenue	-32.42%	-28.79%	-32.29%	-39.77%	-30.85%	-29.62%	-33.46%	-41.76%	-34.52%	-32.20%	-38.14%
Debt-free Net Working Capital to Revenue	4.61%	5.51%	2.36%	9.67%	9.87%	5.32%	4.03%	1.67%	5.38%	7.14%	8.01%
Net Working Capital to Revenue	4.61%	5.51%	2.36%	6.87%	7.01%	2.38%	1.01%	1.10%	1.61%	3.24%	3.98%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.78	$1.60	$1.48	$1.58	$1.49	$1.26	$1.30	$0.20	($0.10)	$0.21	$0.07
Adjusted Weighted Average Basic Shares Outstanding	962M	956M	964M	970M	974M	972M	975M	980M	992M	997M	997M
Adjusted Diluted Earnings per Share	$1.75	$1.58	$1.47	$1.56	$1.47	$1.25	$1.28	$0.20	($0.10)	$0.21	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	974M	965M	973M	985M	984M	981M	986M	988M	997M	1B	1.00B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	961M	957M	956M	969M	970M	968M	973M	974M	1B	1B	1B
Normalized Net Operating Profit after Tax (NOPAT)	1,820	1,705	1,464	1,410	1,578	1,281	1,295	686	830	322	135
Normalized NOPAT Margin	18.21%	18.05%	15.70%	15.44%	16.99%	14.69%	15.05%	8.31%	9.89%	4.11%	1.75%
Pre Tax Income Margin	19.89%	18.49%	19.70%	20.44%	17.71%	17.05%	17.34%	3.95%	0.39%	6.06%	2.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	24.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	151.14%	159.14%	179.07%	140.75%	184.24%	318.33%	507.16%	1,597.36%	1,923.08%	603.24%	0.00%

Frequently Asked Questions About Salesforce's Financials

When does Salesforce's financial year end?

According to the most recent income statement we have on file, Salesforce's fiscal year ends in January. Their fiscal year 2025 ended on January 31, 2025.

How has Salesforce's net income changed over the last 10 years?

Salesforce's net income appears to be on an upward trend, with a most recent value of $6.20 billion in 2025, falling from -$262.69 million in 2015. The previous period was $4.14 billion in 2024. Find out what analysts predict for Salesforce in the coming months.

What is Salesforce's operating income?

Salesforce's total operating income in 2025 was $7.21 billion, based on the following breakdown:

Total Gross Profit: $29.25 billion
Total Operating Expenses: $22.05 billion

How has Salesforce revenue changed over the last 10 years?

Over the last 10 years, Salesforce's total revenue changed from $5.37 billion in 2015 to $37.90 billion in 2025, a change of 605.2%.

How much debt does Salesforce have?

Salesforce's total liabilities were at $41.76 billion at the end of 2025, a 3.9% increase from 2024, and a 524.1% increase since 2015.

How much cash does Salesforce have?

In the past 10 years, Salesforce's cash and equivalents has ranged from $908.12 million in 2015 to $8.85 billion in 2025, and is currently $8.85 billion as of their latest financial filing in 2025.

How has Salesforce's book value per share changed over the last 10 years?

Over the last 10 years, Salesforce's book value per share changed from 6.30 in 2015 to 63.92 in 2025, a change of 914.7%.

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This page (NYSE:CRM) was last updated on 5/29/2025 by MarketBeat.com Staff

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