Salesforce Financial Statements
NYSE: CRMTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Salesforce revenue and earnings
In fiscal 2025, Salesforce generated $41.52 billion in revenue, up 9.6% from fiscal 2025, its 18th consecutive year of revenue growth. Net income was $7.46 billion (+20.3% year over year), for a net margin of 18.0% versus a median of 11.9% in the prior 5 years. Gross margin was 77.7% (up from 77.2%) and operating margin 20.1%.
Diluted earnings per share came in at $7.80, up from $6.36. Over the last 5 fiscal years, CRM's revenue has grown at a 14.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Salesforce income statement (annual)
| Fiscal year (USD) | FY 20252026-01-31 | FY 20252025-01-31 | FY 20242024-01-31 | FY 20232023-01-31 | FY 20222022-01-31 | FY 20212021-01-31 | FY 20202020-01-31 | FY 20192019-01-31 | FY 20182018-01-31 | FY 20172017-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41.52B | 37.90B | 34.86B | 31.35B | 26.49B | 21.25B | 17.10B | 13.28B | 10.54B | 8.39B |
| Revenue growth (YoY) | +9.58% | +8.72% | +11.18% | +18.35% | +24.66% | +24.30% | +28.73% | +26.02% | +25.60% | +25.87% |
| Cost of Revenue | 9.27B | 8.64B | 8.54B | 8.36B | 7.03B | 5.44B | 4.24B | 3.45B | 2.77B | 2.23B |
| Gross Profit | 32.26B | 29.25B | 26.32B | 22.99B | 19.47B | 15.81B | 12.86B | 9.83B | 7.77B | 6.20B |
| Operating Expenses | 23.92B | 22.05B | 21.30B | 21.96B | 18.92B | 15.36B | 12.57B | 9.30B | 7.31B | 5.99B |
| Research & Development | 5.99B | 5.49B | 4.91B | 5.05B | 4.46B | 3.60B | 2.77B | 1.89B | 1.55B | 1.21B |
| Selling, General & Admin | 17.34B | 16.09B | 15.41B | 16.08B | 14.45B | 11.76B | 9.63B | 7.41B | 5.76B | 4.78B |
| Operating Income | 8.33B | 7.21B | 5.01B | 1.03B | 548.00M | 455.00M | 297.00M | 535.00M | 454.00M | 218.00M |
| Interest Expense | 324.00M | 272.00M | 283.00M | 300.00M | 216.00M | 110.00M | 110.00M | 154.00M | 87.00M | 89.00M |
| Other Income (Expense) | 172.00M | 354.00M | 216.00M | -131.00M | -227.00M | — | -18.00M | -94.00M | -53.00M | -8.00M |
| Pretax Income | 9.52B | 7.44B | 4.95B | 660.00M | 1.53B | 2.56B | 706.00M | 983.00M | 420.00M | 179.00M |
| Income Tax | 2.06B | 1.24B | 814.00M | 452.00M | 88.00M | -1.51B | 580.00M | -127.00M | 60.00M | -144.00M |
| Net Income | 7.46B | 6.20B | 4.14B | 208.00M | 1.44B | 4.07B | 126.00M | 1.11B | 360.00M | 323.00M |
| Net Income growth (YoY) | +20.33% | +49.83% | +1888.46% | -85.60% | -64.54% | +3131.75% | -88.65% | +208.33% | +11.46% | — |
| EPS (Basic) | 7.85 | 6.44 | 4.25 | 0.21 | 1.51 | 4.48 | 0.15 | 1.48 | 0.50 | 0.47 |
| EPS (Diluted) | 7.80 | 6.36 | 4.20 | 0.21 | 1.48 | 4.38 | 0.15 | 1.43 | 0.49 | 0.46 |
| Shares Outstanding (Basic) | 950.00M | 962.00M | 974.00M | 992.00M | 955.00M | 908.00M | 829.00M | 751.00M | 715.00M | 688.00M |
| Shares Outstanding (Diluted) | 956.00M | 974.00M | 984.00M | 997.00M | 974.00M | 930.00M | 850.00M | 775.00M | 735.00M | 700.00M |
| EBITDA | 9.53B | 8.21B | 6.11B | 1.93B | 1.23B | 1.03B | 752.00M | 946.00M | 827.00M | 850.00M |
| Gross Margin | 77.68% | 77.19% | 75.50% | 73.34% | 73.48% | 74.41% | 75.23% | 74.02% | 73.69% | 73.92% |
| Operating Margin | 20.06% | 19.01% | 14.38% | 3.29% | 2.07% | 2.14% | 1.74% | 4.03% | 4.31% | 2.60% |
| Net Margin | 17.96% | 16.35% | 11.87% | 66.00% | 5.45% | 19.16% | 74.00% | 8.36% | 3.42% | 3.85% |
This table shows 10 annual periods of Salesforce's income statement, from FY 2025 back to FY 2017, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CRM's reporting calendar. What is a income statement?