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NYSE · Technology

Salesforce, Inc. (CRM)

As-reported financials and SEC filings for Salesforce, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Salesforce, Inc.

Salesforce, Inc. provides customer relationship management technology through its AI-powered Agentforce 360 Platform, which integrates sales, service, marketing, commerce, collaboration, data management, and analytics on a unified platform. The company offers solutions such as Agentforce Sales and Agentforce Service to help businesses automate processes, improve productivity, and deliver personalized customer experiences. Salesforce serves organizations worldwide across various industries, primarily through subscription-based sales and partnerships.

Snapshot

Revenue
$41.52B
Revenue growth (YoY)
9.6%
Net income
$7.46B
Diluted EPS
$7.80
Gross margin
77.7%
Operating margin
20.1%
Net margin
18.0%
FCF margin
34.7%
ROE
12.6%
net income / fiscal-year-end equity
P/E
22.4×
trailing when available, otherwise FY EPS
Market cap
$199.99B
Long-term debt / equity
0.18×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 31, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Salesforce

  • Revenue grew 9.6% to $41.5B in FY2025, in line with the 8.7% the year before.
  • Operating margin is 20.1% in FY2025, +18.0 pp against 2.1% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $11.3B, up 10.8% from Q2 FY2025.
  • Free cash flow was $14.4B in FY2025, 34.7% of revenue.
  • Net income rose 20.3% to $7.5B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Salesforce’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin77.7%
77th percentile of 264
Operating margin20.1%
84th percentile of 303
Net margin18.0%
81st percentile of 307
FCF margin34.7%
93rd percentile of 285
Revenue growth (YoY)+9.6%
46th percentile of 325
ROE12.6%
69th percentile of 285
P/E22.4×
43rd percentile of 168
Long-term debt / equity0.18×
29th percentile of 127
Short interest1.50d
18th percentile of 329

Salesforce’s FCF margin of 34.7% ranks in the 93rd percentile of the 285 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $1.2M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
7
3 trimmed, 4 exited
Combined position
$4.74B
reported long value
InvestorAs ofPosition valueSharesChange
Harris Associates (Oakmark)Q2 2026$2.53B16.2MAdded
First Eagle Investment ManagementQ2 2026$1.14B7.3MAdded
ValueAct CapitalQ2 2026$469.1M3.0MHeld
Millennium ManagementquantQ2 2026$156.9M1.0MAdded
AQR Capital ManagementquantQ2 2026$130.7M836.4KReduced
Akre Capital ManagementQ2 2026$112.5M717.8KHeld
Citadel AdvisorsquantQ2 2026$74.9M477.8KReduced
D. E. ShawquantQ2 2026$41.9M267.2KReduced
Gotham Asset ManagementQ2 2026$37.8M241.1KAdded
Renaissance TechnologiesquantQ2 2026$33.3M212.6KNew
Two Sigma InvestmentsquantQ2 2026$7.8M49.9KAdded

No longer held by: ARK Investment Management (as of Q2 2026), Corvex Management (as of Q2 2026), Polen Capital Management (as of Q2 2026), Soros Fund Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$1.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-04
Conway CraigDirectorSell3.1K$260.66$803K
2026-09-04
Conway CraigDirectorSell1.4K$260.50$369K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
29.2M
settled 2026-08-31
Change vs prior
+10.2%
vs previous settlement
Days to cover
1.50
at avg daily volume
Avg daily volume
19.5M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3129.2M+10.2%1.50
2026-08-1426.5M-9.9%2.33
2026-07-3129.4M-36.7%2.22
2026-07-1546.5M-8.2%3.84
2026-06-3050.6M-14.3%2.44
2026-06-1559.1M-3.1%3.83
2026-05-2961.0M-2.7%3.56
2026-05-1562.7M-10.0%5.39

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$41.52B$37.90B$34.86B$31.35B$26.49B
Gross profit$32.26B$29.25B$26.32B$22.99B$19.47B
Operating income$8.33B$7.21B$5.01B$1.03B$548.0M
Net income$7.46B$6.20B$4.14B$208.0M$1.44B
Diluted EPS$7.80$6.36$4.20$0.21$1.48

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$15.00B$13.09B$10.23B$7.11B$6.00B
Capital expenditure$594.0M$658.0M$736.0M$798.0M$717.0M
Free cash flow$14.40B$12.43B$9.50B$6.31B$5.28B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$11.35B10.8%$3.53B$4.29
Q1 FY2026$11.13B13.3%$2.11B$2.42
Q4 FY2025$11.20B12.1%$1.94B$2.07
Q3 FY2025$10.26B8.6%$2.09B$2.19
Q2 FY2025$10.24B9.8%$1.89B$1.96
Q1 FY2025$9.83B7.6%$1.54B$1.59
Q4 FY2024$9.99B7.6%$1.71B$1.76
Q3 FY2024$9.44B8.3%$1.53B$1.58

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended January 31, 2026)
Latest reported quarterQ2 FY2026 (ended July 31, 2026)
Oldest indexed filing2023
SEC CIK1108524

Selected SEC filings

10-K2026-03-02
View on EDGAR →
10-K2025-03-05
View on EDGAR →
10-Q2026-08-27
View on EDGAR →
10-Q2026-05-28
View on EDGAR →
10-Q2025-12-04
View on EDGAR →
10-Q2025-09-04
View on EDGAR →
8-K2026-09-04
View on EDGAR →
8-K2026-08-26
View on EDGAR →

Largest software peers

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CRM head to head

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.