COVERAGE / CRM / Technology

Salesforce, Inc.

Services-Prepackaged Software

COVERAGE STATUSACTIVE

DATA THROUGH2026-01-31

RESEARCH REPORTS1

SELECTED FILINGS0

Fundamental matrix

Latest / 2026-01-31 · Prior / 2024-01-31 · USD · Annual periods

Revenue

$41.53bn

Prior / $34.86bn

Change / +19.13%

SOURCE / 2026-03-02

Operating income

$8.33bn

Prior / $5.01bn

Change / +66.25%

SOURCE / 2026-03-02

Net income

$7.46bn

Prior / $4.14bn

Change / +80.29%

SOURCE / 2026-03-02

Diluted EPS

$7.80

Prior / $4.20

Change / +85.71%

SOURCE / 2026-03-02

Free cash flow

$14.4bn

Prior / $9.5bn

Change / +51.63%

SOURCE / 2026-03-02

Gross margin

77.68%

Prior / 75.50%

Change / +2.18 pp

SOURCE / 2026-03-02

Operating margin

20.06%

Prior / 14.38%

Change / +5.69 pp

SOURCE / 2026-03-02

Return on avg. equity

12.56%

Prior / 7.01%

Change / +5.55 pp

SOURCE / 2026-03-02

Debt / equity

Not available

Prior / Not available

Change / Unavailable

SOURCE / Not available

ROE uses net income divided by average opening/closing equity. FCF = operating cash flow − selected capital expenditure. Debt/equity is unavailable because a verified interest-bearing-debt series is absent; total liabilities are not substituted for debt.

Inspect source tags, dates and accession numbers

{
  "revenue": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 41525000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 7457000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "grossProfit": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 32255000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:GrossProfit",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 8331000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 7.8,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 14996000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-02-01",
    "end": "2026-01-31",
    "val": 594000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2026-01-31",
    "val": 112305000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2026-01-31",
    "val": 53163000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2026-01-31",
    "val": 59142000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2026-01-31",
    "val": 28222000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2026-01-31",
    "val": 37118000000,
    "accn": "0001108524-26-000060",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-03-02",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Financial trend system

Annual financial trends are summarized in the accessible table below.

Annual figures / accessible table

Period end	Revenue	Net income	Free cash flow	EPS
2026-01-31	$41.53bn	$7.46bn	$14.4bn	$7.80
2024-01-31	$34.86bn	$4.14bn	$9.5bn	$4.20
2023-01-31	$31.35bn	$0.21bn	$6.31bn	$0.21

Valuation context

Historical snapshot / 2026-09-17. Annual accounting period / 2026-01-31. Not current, TTM or forward valuation.

Dated ratios / eligible same-method sector sample
Measure	Snapshot value	Historical median	Sector median	Peer count
P/E	31.13x	Unavailable	47.78x	16
P/S	4.81x	Unavailable	12.58x	14
P/B	3.38x	Unavailable	14.12x	13
EV / EBITDA	Unavailable	Unavailable	Unavailable	0
FCF yield	7.21%	Unavailable	1.72%	11

Annual denominators, not TTM or forward. Capitalization-based measures use estimated market capitalization from the dated quote snapshot. ADR/share-basis uncertainty is excluded. No comparable historical-multiple series or EV/EBITDA is available. Sector samples are equal-weight medians of this publication’s eligible covered companies; fiscal periods differ. No fair value or price target is implied.

Source: Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-20 DAILY-BAR SOURCE ↗

Retained price snapshot and capitalization estimate

{
  "currentPrice": 242.85,
  "tradingDate": "2026-09-17",
  "marketCap": 199865550000,
  "source": "Yahoo Finance completed daily-bar snapshot; not live; market cap estimated using SEC shares at 2026-08-20"
}

Company & operating context

Salesforce, Inc. is an SEC-reporting issuer listed on NYSE under CRM. Its SEC industry description is Services-Prepackaged Software. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Product cycles, recurring software revenue and infrastructure investment shape this broad group. Hardware and software businesses have different cost structures.

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Filing timeline

No reading guide selected for this issuer. Annual sources remain linked below.

Research archive

HR-0044CRMCompany Research

CRM: reading the FY2025 financial structure ↗

Salesforce, Inc.

Research abstract

Annual revenue of USD 41.525 billion and net income of USD 7.457 billion for the period ended 2026-01-31.

DATA THROUGH2026-01-312 MIN READPUBLISHED 2026-09-26

Sector context & risk factors

Customer concentration, product transitions, export restrictions and the durability of capital spending.

Revenue mix, research spending, inventory and cash conversion.

TECHNOLOGY SYSTEM ↗

Sources & dates

SEC annual filing · 2026-01-31 ↗Source date 2026-03-02
SEC annual filing · 2024-01-31 ↗Source date 2026-03-02
SEC annual filing · 2023-01-31 ↗Source date 2025-03-05
SEC issuer record ↗Source date 2026-09-18