Salesforce, Inc.
Financial Performance
Salesforce Revenue & Financials
Revenue
$41.5B (FY2026)
Market Cap
$185.4B
Net Income
$7.5B
Employees
83,334
What is Salesforce's revenue?
Salesforce had $41.5B in revenue for fiscal year 2026, up 9.6% from 2025. Net income was $7.5B.
- Latest revenue
- $41.5B (FY2026)
- Year-over-year
- +9.6%
- Growth rate (CAGR)
- 19.4% over 9 years
- Peak revenue
- $41.5B (FY2026)
- Years of data
- 10
- Employees
- 83,334
Financial Analysis
Salesforce grew revenue from $8.4 billion in fiscal 2017 to $41.5 billion in fiscal 2026, helped by acquisitions such as MuleSoft, Tableau and Slack. After activist investors including Elliott and Starboard took stakes in early 2023, the company cut about 10% of staff, disbanded its board M&A committee and shifted to margins and capital returns. Fiscal 2026 brought $7.46 billion of GAAP net income, $14.4 billion of free cash flow and $14.3 billion returned to shareholders. In Q2 fiscal 2027 (ended July 31, 2026) revenue rose 11% to $11.345 billion, and full-year guidance was raised to $46.1 billion to $46.4 billion. Salesforce holds a market valuation consistently above $250 billion, reinforcing its dominance in enterprise software and CRM.
Revenue Trend Analysis
YoY Change
+9.6%
9-Year CAGR
+19.4%
Peak Year
2026
Trend
Consistent Growth
Salesforce, Inc. has 10 full fiscal year figures on this page, compounding at +19.4% annually over 9 years. The most recent year saw a 9.6% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $41.5B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Salesforce, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Jan 31, 2026 | $15B | $594M | $112.3B | $53.2B | $59.1B | $14.4B | Form 10-K |
| FY2025ended Jan 31, 2025 | $13.1B | $658M | $102.9B | $41.8B | $61.2B | $12.4B | Form 10-K |
| FY2024ended Jan 31, 2024 | $10.2B | $736M | $99.8B | $40.2B | $59.6B | $9.5B | Form 10-K |
| FY2023ended Jan 31, 2023 | $7.1B | $798M | $98.8B | $40.5B | $58.4B | $6.3B | Form 10-K |
| FY2022ended Jan 31, 2022 | $6B | $717M | $95.2B | $37.1B | $58.1B | $5.3B | Form 10-K |
| FY2021ended Jan 31, 2021 | $4.8B | $710M | $66.3B | $24.8B | $41.5B | $4.1B | Form 10-K |
| FY2020ended Jan 31, 2020 | $4.3B | $643M | $55.1B | $21.2B | $33.9B | $3.7B | Form 10-K |
| FY2019ended Jan 31, 2019 | $3.4B | $595M | $30.7B | $15.1B | $15.6B | $2.8B | Form 10-K |
| FY2018ended Jan 31, 2018 | $2.7B | $534M | $22B | $11.6B | $10.4B | $2.2B | Form 10-K |
| FY2017ended Jan 31, 2017 | $2.2B | $464M | $17.6B | $10.1B | $8.2B | $1.7B | Form 10-K |
Keep researching Salesforce
Salesforce Revenue and Financial FAQ
What was Salesforce's revenue performance in fiscal 2024 and 2025?
Salesforce reported full-year fiscal 2024 revenue of $34.86 billion (up 11% year-over-year) and guided fiscal 2025 revenue toward $37.7 billion to $38.0 billion, demonstrating solid top-line expansion.
How dramatically did Salesforce expand its operating margins following activist intervention?
Salesforce executed one of the most celebrated margin transformations in tech history: expanding non-GAAP operating margin from 22.5% in FY23 to 30.5% in FY24, and exceeding 32.5% in FY25, while expanding GAAP operating margin past 17% to 19%.
What is Salesforce's Remaining Performance Obligations (RPO) backlog?
Salesforce maintains total RPO exceeding $56 billion, with current RPO (contracted revenue expected to be recognized over the next 12 months) crossing $28 billion, providing extraordinary multi-year revenue visibility.
How much operating cash flow and free cash flow does Salesforce generate?
Salesforce generated $10.23 billion in cash flow from operations and $9.5 billion in free cash flow in fiscal 2024 (up 50% year-over-year), representing an exceptional free cash flow margin of ~27% to 28%.
What is Salesforce's capital allocation program regarding share buybacks?
Salesforce authorized a massive $30 billion share repurchase program, buying back over $7.7 billion in common stock in fiscal 2024 to systematically offset dilution from employee stock-based compensation and reduce share count.
What is Salesforce's dividend policy and quarterly payout?
Initiated in early 2024, Salesforce pays a quarterly cash dividend of $0.40 per share (annualized at $1.60 per share), distributing roughly $1.5 billion annually to shareholders.
How did Salesforce reduce stock-based compensation (SBC)?
In response to institutional shareholder feedback, Salesforce moderated executive equity grants, calibrated headcount, and tied long-term equity vests strictly to operating margin and total shareholder return (TSR) hurdles.
What is Salesforce's cash and debt position on its balance sheet?
Salesforce holds over $14 billion in cash, cash equivalents, and marketable securities, balanced against approximately $8.4 billion in long-term senior notes, maintaining a net-cash position and an A+ investment-grade credit rating.
How is revenue distributed geographically across Salesforce?
The Americas represents approximately 67% of total revenue, Europe/Middle East/Africa (EMEA) contributes 23%, and Asia-Pacific (APAC) accounts for 10%, with international regions growing at faster double-digit rates.
What was the cost and financial performance of the Slack acquisition?
Salesforce paid $27.7 billion for Slack in 2021. While Wall Street initially criticized the high purchase multiple during tech bubble peaks, Slack now contributes over $1.5 billion to $2.0 billion in recurring ARR and powers Agentforce collaboration.
What are Salesforce's annual Research and Development (R&D) expenditures?
Salesforce invests over $5.0 billion annually in R&D (roughly 14% to 15% of revenue), funding Agentforce autonomous AI reasoning, Data Cloud real-time infrastructure, and security compliance.
What is Salesforce's long-term operating margin target?
Management targets sustaining non-GAAP operating margins above 33% to 35% by fiscal 2026-2027, transitioning Salesforce from a pure growth stock into a high-cash-generative software compounder.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Salesforce Revenue & Financials." CorpDigest, https://corpdigest.com/company/salesforce/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Salesforce reported $41.5B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/salesforce/financials" target="_blank" rel="noopener">CorpDigest — Salesforce financials</a></div>Related Financial Audits
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