Salesforce, Inc. (“Salesforce,” the “Company,” “we” or “our”) is a global leader in customer relationship management (“CRM”) technology, helping organizations of any size become agentic enterprises. Founded in 1999, we bring humans, agents, applications, and data together on a trusted, unified platform to unlock growth and innovation. Our artificial intelligence (“AI”) powered Agentforce 360 Platform unites our offerings — spanning sales, service, marketing, commerce, collaboration, data management, integration, analytics, IT service, industry verticals and more — on a single, intelligent platform for trusted enterprise execution. We unify and harmonize across systems, applications and devices to create a complete view of customers. With this single source of customer truth powering agents, teams can be more responsive, productive and efficient and deliver AI-powered, personalized and automated experiences across every channel.
| Segment | 2022 | 2023 | 2024 | 2025 | 2026 | % of Total |
|---|---|---|---|---|---|---|
Subscription and support | $24.66B | $29.02B | $32.54B | $35.68B | $39.39B | 49% |
Agentforce Service | — | — | $8.24B | $9.05B | $9.82B | 12% |
Agentforce Sales | — | — | $7.58B | $8.32B | $9.03B | 11% |
Agentforce 360 Platform, Slack and Other | — | — | $6.61B | $7.25B | $8.88B | 11% |
Agentforce Integration and Agentforce Analytics | — | — | $5.19B | $5.78B | $6.23B | 8% |
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 41.5B | 41.5B | 37.9B | 34.9B | 31.4B | 26.5B |
| Net Income | 7.5B | 7.5B | 6.2B | 4.1B | 208M | 1.4B |
| EPS | $7.80 | $7.80 | $6.36 | $4.20 | $0.21 | $1.48 |
| Free Cash Flow | 14.4B | 14.4B | 12.4B | 9.5B | 6.3B | 5.3B |
| ROIC | 8.9% | 10.3% | 9.6% | 7.1% | 1.0% | 0.8% |
| Gross Margin | 77.7% | 77.7% | 77.2% | 75.5% | 73.3% | 73.5% |
| Debt/Equity | 0.36 | 0.36 | 0.25 | 0.23 | 0.26 | 0.24 |
| Dividends/Share | $1.66 | $1.66 | $1.58 | $0.00 | - | - |
| Operating Income | 8.3B | 8.3B | 7.2B | 5.0B | 1.0B | 548M |
| Operating Margin | 20.1% | 20.1% | 19.0% | 14.4% | 3.3% | 2.1% |
| ROE | 12.6% | 12.4% | 10.1% | 6.9% | 0.4% | 2.5% |
| Shares Outstanding | 956M | 956M | 974M | 985M | 990M | 976M |
Salesforce, Inc. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Salesforce, Inc. trades at 22.0x trailing earnings, compared to its 15-year median P/E of 51.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 11.0x vs a median of 34.4x. The company's 5-year average ROIC is 5.8% with a gross margin of 75.4%. Total shareholder yield (dividends + buybacks) is 8.7%. At current prices, the estimated annualized return to fair value is +24.4%.
Salesforce, Inc. (CRM) has a current P/E ratio of 22.0, compared to its historical median P/E of 51.1. The stock is currently considered Cheap based on its historical valuation range.
Salesforce, Inc. (CRM) has a 5-year average return on invested capital (ROIC) of 5.8%. This is below average and may indicate limited pricing power.
Salesforce, Inc. (CRM) has a market capitalization of $163.8B. It is classified as a large-cap stock.
Yes, Salesforce, Inc. (CRM) pays a dividend with a trailing twelve-month yield of 0.97%. The company also returns capital through share buybacks, with a buyback yield of 7.69%.
Based on historical P/E analysis, Salesforce, Inc. (CRM) appears cheap. The current P/E of 22.0 is 57% below its historical median of 51.1. The estimated fair value CAGR (P/E method) is 11.1%.
Salesforce, Inc. (CRM) operates in the Services-Prepackaged Software industry, within the Technology sector.
Salesforce, Inc. (CRM) reported annual revenue of $41.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Salesforce, Inc. (CRM) has a net profit margin of 18.0%. This is a healthy margin.
Salesforce, Inc. (CRM) generated $14.4 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Salesforce, Inc. (CRM) has a debt-to-equity ratio of 0.36. This indicates a conservatively financed balance sheet.
Salesforce, Inc. (CRM) reported earnings per share (EPS) of $7.80 in its most recent fiscal year.
Salesforce, Inc. (CRM) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
Salesforce, Inc. (CRM) has a 5-year average gross margin of 75.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for Salesforce, Inc. (CRM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Salesforce, Inc. (CRM) has a book value per share of $61.86, based on its most recent annual SEC filing.