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Salesforce (CRM) Financials

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Annual Income Statements for Salesforce

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 - - - - - - - - - -

Quarterly Income Statements for Salesforce

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

Annual Cash Flow Statements for Salesforce

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

Quarterly Cash Flow Statements for Salesforce

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

Annual Balance Sheets for Salesforce

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

Quarterly Balance Sheets for Salesforce

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

Annual Metrics And Ratios for Salesforce

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%

Quarterly Metrics And Ratios for Salesforce

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 fiscal year end?

According to the most recent income statement we have on file, Salesforce's financial year ends in January. Their financial 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. See Salesforce's forecast for analyst expectations on what’s next for the company.

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%.



This page (NYSE:CRM) was last updated on 5/28/2025 by MarketBeat.com Staff
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