Salesforce.com (CRM) financial statements

Technology · Software - Application · Market cap $196.1B

Salesforce.com reported revenue of $41.5B in fiscal 2026, up 19.4% a year over 9 years.

Net income was $7.5B and the operating margin 20.1%, against 2.6% in 2017.

Free cash flow was $14.4B, and the company returned $1.6B in dividends and $12.6B in net buybacks.

The diluted share count rose 37% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions.

02040602017201820192020202120222023202420252026RevenueFree cash flow
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Income statement

Fiscal years, from Salesforce.com's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Revenue$8.4B$10.5B$13.3B$17.1B$21.3B$26.5B$31.4B$34.9B$37.9B$41.5B
Cost of revenue$2.2B$2.8B$3.5B$4.2B$5.4B$7.0B$8.4B$8.5B$8.6B$9.3B
Gross profit$6.2B$7.8B$9.8B$12.9B$15.8B$19.5B$23.0B$26.3B$29.3B$32.3B
Research and development$1.2B$1.6B$1.9B$2.8B$3.6B$4.5B$5.1B$4.9B$5.5B$6.0B
Selling, general and admin$4.8B$5.8B$7.4B$9.6B$11.8B$14.5B$16.1B$15.4B$16.1B$17.3B
Operating income$218M$454M$535M$297M$455M$548M$1.0B$5.0B$7.2B$8.3B
Interest expense$89M$87M$154M$110M$110M$216M$300M$283M$272M$324M
Pre-tax income$179M$420M$983M$706M$2.6B$1.5B$660M$5.0B$7.4B$9.5B
Income tax-$144M$60M-$127M$580M-$1.5B$88M$452M$814M$1.2B$2.1B
Net income$323M$360M$1.1B$126M$4.1B$1.4B$208M$4.1B$6.2B$7.5B
EPS (diluted)$0.46$0.49$1.43$0.15$4.38$1.48$0.21$4.20$6.36$7.80
Diluted shares700M735M775M850M930M974M997M984M974M956M
Gross margin73.5%73.7%74.0%75.2%74.4%73.5%73.3%75.5%77.2%77.7%
Operating margin2.6%4.3%4.0%1.7%2.1%2.1%3.3%14.4%19.0%20.1%
Net margin3.8%3.4%8.4%0.7%19.2%5.5%0.7%11.9%16.4%18.0%

Balance sheet

Fiscal years, from Salesforce.com's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Cash and short-term investments$2.2B$4.5B$4.3B$7.9B$12.0B$10.5B$12.5B$14.2B$14.0B$9.6B
Receivables$3.2B$3.9B$4.9B$6.2B$7.8B$9.7B$10.8B$11.4B$11.9B$14.3B
Total current assets$6.0B$9.6B$10.7B$16.0B$21.9B$22.9B$26.4B$29.1B$29.7B$28.2B
Property, plant and equipment$1.8B$1.9B$2.1B$2.4B$2.5B$2.8B$3.7B$3.7B$3.2B$3.1B
Goodwill$7.3B$7.3B$12.9B$25.1B$26.3B$47.9B$48.6B$48.6B$51.3B$57.9B
Total assets$17.6B$22.0B$30.7B$55.1B$66.3B$95.2B$98.8B$99.8B$102.9B$112.3B
Total current liabilities$7.3B$10.1B$11.3B$14.8B$17.7B$21.8B$25.9B$26.6B$28.0B$37.1B
Long-term debt$2.0B$695M$3.2B$2.7B$2.7B$10.6B$9.4B$8.4B$8.4B$10.4B
Total liabilities$10.1B$11.6B$15.1B$21.2B$24.8B$37.1B$40.5B$40.2B$41.8B$53.2B
Shareholders' equity$8.2B$10.4B$15.6B$33.9B$41.5B$58.1B$58.4B$59.6B$61.2B$59.1B
Net debt$401M-$823M$507M-$1.5B-$3.5B$5.1B$3.6B$954M-$415M$7.1B

Cash flow

Fiscal years, from Salesforce.com's 10-K filings with the SEC.

Fiscal year2017201820192020202120222023202420252026
Operating cash flow$2.2B$2.7B$3.4B$4.3B$4.8B$6.0B$7.1B$10.2B$13.1B$15.0B
Capital spending$464M$534M$595M$643M$710M$717M$798M$736M$658M$594M
Free cash flow$1.7B$2.2B$2.8B$3.7B$4.1B$5.3B$6.3B$9.5B$12.4B$14.4B
Stock-based compensation$820M$997M$1.3B$1.8B$2.2B$2.8B$3.3B$2.8B$3.2B$3.5B
Dividends paid——————$0$0$1.5B$1.6B
Share buybacks (net)————$0$0-$4.0B-$7.6B-$7.8B-$12.6B
Free cash flow margin20.1%20.9%21.1%21.6%19.2%19.9%20.1%27.2%32.8%34.7%
Dividends per share————————$1.58$1.66
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Questions

What was Salesforce.com's revenue in 2026?

$41.5B in fiscal 2026, from its 10-K filing.

How much free cash flow does Salesforce.com generate?

$14.4B in fiscal 2026 (operating cash flow minus capital spending).

From Salesforce.com's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.