CRM (Salesforce, Inc.) Stock Financials & Earnings | Market Cap Arena

CRM (Salesforce, Inc.) Stock Financials & Earnings | Market Cap Arena

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CRMSalesforce, Inc.

Mkt Cap$180B

CRMSalesforce, Inc.

$180B

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Company Info & Key Metrics

Technology Software - Application

Country🇺🇸 United States

ExchangeNYSE

Revenue$11.2B

YoY Growth+12.1%

QoQ Growth+9.2%

Net Income$1.9B

EPS$2.07

Free Cash Flow$5.3B

Gross Margin77.6%

Op. Margin21.9%

Net Margin17.3%

FCF Margin47.5%

Rev Multiple (TTM)4.3x

P/E Ratio (TTM)24.2x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 24	$8.2B	$6.1B	$412M
Q2 24	$8.6B	$6.5B	$1.5B
Q3 24	$8.7B	$6.6B	$1.5B
Q4 24	$9.3B	$7.1B	$1.6B
Q1 25	$9.1B	$7.0B	$1.7B
Q2 25	$9.3B	$7.2B	$1.8B
Q3 25	$9.4B	$7.3B	$1.9B
Q4 25	$10.0B	$7.8B	$1.8B
Q1 26	$9.8B	$7.6B	$1.9B
Q2 26	$10.2B	$8.0B	$2.3B
Q3 26	$10.3B	$8.0B	$2.2B
Q4 26	$11.2B	$8.7B	$2.5B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 24	5.6x	475.5x
Q2 24	5.4x	114.2x
Q3 24	5.3x	69.5x
Q4 24	5.2x	43.6x
Q1 25	5.0x	32.9x
Q2 25	4.9x	32.0x
Q3 25	4.8x	30.4x
Q4 25	4.8x	29.1x
Q1 26	4.7x	29.0x
Q2 26	4.6x	27.0x
Q3 26	4.5x	25.0x
Q4 26	4.3x	24.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$4.5B	$4.2B
Q2 24	$808M	$628M
Q3 24	$1.5B	$1.4B
Q4 24	$3.4B	$3.3B
Q1 25	$6.2B	$6.1B
Q2 25	$892M	$755M
Q3 25	$2.0B	$1.8B
Q4 25	$4.0B	$3.8B
Q1 26	$6.5B	$6.3B
Q2 26	$740M	$605M
Q3 26	$2.3B	$2.2B
Q4 26	$5.5B	$5.3B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 24	$243M
Q2 24	$180M
Q3 24	$166M
Q4 24	$147M
Q1 25	$163M
Q2 25	$137M
Q3 25	$204M
Q4 25	$154M
Q1 26	$179M
Q2 26	$135M
Q3 26	$139M
Q4 26	$141M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+11.3%	+6.0%
Q2 24	+11.4%	-5.3%
Q3 24	+11.3%	-2.1%
Q4 24	+10.8%	-4.5%
Q1 25	+10.7%	-5.2%
Q2 25	+8.4%	+5.8%
Q3 25	+8.3%	+4.6%
Q4 25	+7.6%	+6.6%
Q1 26	+7.6%	+6.2%
Q2 26	+9.8%	+4.8%
Q3 26	+8.6%	+6.9%
Q4 26	+12.1%	+7.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$696M	8.4%
Q2 24	$724M	8.4%
Q3 24	$693M	7.9%
Q4 24	$674M	7.3%
Q1 25	$750M	8.2%
Q2 25	$810M	8.7%
Q3 25	$820M	8.7%
Q4 25	$803M	8.0%
Q1 26	$814M	8.3%
Q2 26	$793M	7.7%
Q3 26	$819M	8.0%
Q4 26	$1.1B	9.7%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 24	$1.2B	$638M	$3.2B
Q2 24	$1.2B	$632M	$3.1B
Q3 24	$1.2B	$632M	$3.2B
Q4 24	$1.3B	$632M	$3.4B
Q1 25	$1.4B	$647M	$3.2B
Q2 25	$1.3B	$711M	$3.2B
Q3 25	$1.4B	$711M	$3.3B
Q4 25	$1.4B	$767M	$3.5B
Q1 26	$1.5B	$697M	$3.4B
Q2 26	$1.5B	$734M	$3.4B
Q3 26	$1.4B	$667M	$3.5B
Q4 26	$1.6B	$902M	$4.0B

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 24	11.3%	28.8%	40.1
Q2 24	11.4%	28.1%	39.5
Q3 24	11.3%	27.7%	39.0
Q4 24	10.8%	29.7%	40.4
Q1 25	10.7%	28.4%	39.2
Q2 25	8.4%	29.9%	38.3
Q3 25	8.3%	29.3%	37.6
Q4 25	7.6%	30.0%	37.6
Q1 26	7.6%	28.0%	35.6
Q2 26	9.8%	31.5%	41.3
Q3 26	8.6%	29.3%	37.9
Q4 26	12.1%	33.5%	45.5

Revenue Segments

Quarter	Integration And Analytics	Marketing and Commerce Cloud	Professional Services and Other	Sales Cloud	Salesforce Platform and Other	Service Cloud
Q1 24	$1.1B	$1.2B	$605M	$1.8B	$1.6B	$2.0B
Q2 24	$1.2B	$1.2B	$597M	$1.9B	$1.6B	$2.0B
Q3 24	$1.2B	$1.2B	$579M	$1.9B	$1.7B	$2.1B
Q4 24	$1.6B	$1.3B	$539M	$2.0B	$1.7B	$2.2B
Q1 25	$1.4B	$1.3B	$548M	$2.0B	$1.7B	$2.2B
Q2 25	$1.3B	$1.3B	$561M	$2.1B	$1.8B	$2.3B
Q3 25	$1.3B	$1.3B	$565M	$2.1B	$1.8B	$2.3B
Q4 25	$1.7B	$1.4B	$542M	$2.1B	$1.9B	$2.3B
Q1 26	$1.5B	$1.3B	$532M	$2.1B	$2.0B	$2.3B
Q2 26	$1.5B	$1.4B	$546M	$2.3B	$2.1B	$2.5B
Q3 26	$1.4B	$1.4B	$533M	$2.3B	$2.2B	$2.5B
Q4 26	$1.8B	$1.4B	$526M	$2.3B	$2.7B	$2.5B

Revenue by Geography

Quarter	Americas	Asia Pacific	Europe
Q1 24	$5.5B	$814M	$2.0B
Q2 24	$5.8B	$860M	$2.0B
Q3 24	$5.9B	$860M	$2.0B
Q4 24	$6.2B	$906M	$2.2B
Q1 25	$6.1B	$926M	$2.1B
Q2 25	$6.2B	$940M	$2.2B
Q3 25	$6.2B	$996M	$2.2B
Q4 25	$6.7B	$999M	$2.3B
Q1 26	$6.5B	$1.0B	$2.3B
Q2 26	$6.7B	$1.1B	$2.4B
Q3 26	$6.7B	$1.1B	$2.5B
Q4 26	$7.3B	$1.1B	$2.8B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$9.2B	$4.8B	$14.0B
Q2 24	$6.8B	$5.6B	$12.4B
Q3 24	$6.5B	$5.4B	$11.9B
Q4 24	$8.5B	$5.7B	$14.2B
Q1 25	$10.0B	$7.7B	$17.7B
Q2 25	$7.7B	$5.0B	$12.6B
Q3 25	$8.0B	$4.8B	$12.8B
Q4 25	$8.8B	$5.2B	$14.0B
Q1 26	$10.9B	$6.5B	$17.4B
Q2 26	$10.4B	$5.0B	$15.4B
Q3 26	$9.0B	$2.3B	$11.3B
Q4 26	$7.3B	$2.2B	$9.6B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 24	988M	+0.4%
Q2 24	986M	-0.2%
Q3 24	981M	-0.5%
Q4 24	983M	+0.2%
Q1 25	985M	+0.2%
Q2 25	973M	-1.2%
Q3 25	975M	+0.2%
Q4 25	974M	-0.1%
Q1 26	970M	-0.4%
Q2 26	962M	-0.8%
Q3 26	962M	+0.0%
Q4 26	940M	-2.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 15	$336K	16K
FY 16	$351K	19K
FY 17	$336K	25K
FY 18	$361K	29K
FY 19	$379K	35K
FY 20	$349K	49K
FY 21	$375K	57K
FY 22	$360K	74K
FY 23	$395K	79K
FY 24	$480K	73K
FY 25	$496K	76K
FY 26	$543K	76K