SuperworthSalesforce CRM
- Market cap
- $204.6B
- PE
- 22.7×
- 10y median 111×
- Forward PE
- 16.9×
- 10y median 57.1×
- Price to sales
- 4.7×
- EV/EBIT
- 26.6×
- Revenue, 12 months
- $43.9B
- +11% on a year ago
- Net margin
- 22.0%
- Free cash flow yield
- 7.4%
Salesforce trades at 22.7× trailing earnings, cheaper than 94% of the last ten years. Revenue was $43.9B over the last twelve months, up 11% on a year earlier with a 22% net margin.
Charts
Financials
| Income statement | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $8.7B+11% | $9.3B+11% | $9.1B+11% | $9.3B+8% | $9.4B+8% | $10B+8% | $9.8B+8% | $10.2B+10% | $10.3B+9% | $11.2B+12% | $11.1B+13% | $11.3B+11% | |
| Cost of revenue | $2.2B+3% | $2.1B+2% | $2.2B+2% | $2.2B+2% | $2.1B−2% | $2.2B+3% | $2.3B+5% | $2.2B+4% | $2.3B+7% | $2.5B+13% | $2.6B+14% | $2.6B+18% |
| Gross profit | $6.6B+14% | $7.1B+14% | $7B+14% | $7.2B+10% | $7.3B+12% | $7.8B+9% | $7.6B+9% | $8B+12% | $8B+9% | $8.7B+12% | $8.6B+13% | $8.7B+9% |
| R&D | $1.2B−6% | $1.3B+13% | $1.4B+13% | $1.3B+11% | $1.4B+13% | $1.4B+11% | $1.5B+7% | $1.5B+10% | $1.4B+6% | $1.6B+14% | $1.6B+11% | $1.7B+14% |
| SG&A | $3.8B−5% | $4.1B+3% | $3.9B+3% | $3.9B+5% | $4B+6% | $4.2B+4% | $4.1B+6% | $4.2B+6% | $4.1B+2% | $4.9B+16% | $4.5B+9% | $4.6B+10% |
| $1.5B+226% | $1.6B+354% | $1.7B+315% | $1.8B+21% | $1.9B+26% | $1.8B+12% | $1.9B+14% | $2.3B+31% | $2.2B+16% | $1.9B+3% | $2.3B+21% | $2.3B+0% | |
| Interest expense | n/a | n/a | $69M | $68M | $67M | $68M | $68M−1% | $67M−2% | $67M+0% | $122M+79% | $317M+366% | $473M+606% |
| Pre-tax income | $1.5B+213% | $1.6B+4885% | $1.9B+473% | $1.8B+23% | $1.7B+17% | $2B+21% | $2B+6% | $2.4B+31% | $2.5B+44% | $2.6B+32% | $2.7B+38% | $4.6B+89% |
| $263M−1% | $199M+52% | $334M+163% | $408M+81% | $219M−17% | $280M+41% | $433M+30% | $519M+27% | $426M+95% | $685M+145% | $614M+42% | $1B+98% | |
| Net income | $1.2B+483% | $1.4B | $1.5B+670% | $1.4B+13% | $1.5B+25% | $1.7B+18% | $1.5B+1% | $1.9B+32% | $2.1B+37% | $1.9B+14% | $2.1B+37% | $3.5B+87% |
| $1.25+495% | $1.47 | $1.56+680% | $1.47+15% | $1.58+26% | $1.75+19% | $1.59+2% | $1.96+33% | $2.19+39% | $2.07+18% | $2.42+52% | $4.29+119% | |
| 981M−2% | 983M−0% | 985M−0% | 973M−1% | 965M−2% | 974M−1% | 970M−2% | 962M−1% | 952M−1% | 940M−4% | 871M−10% | 821M−15% |
Net income: 7 periods, Q4 FY10 to Q4 FY26: printed in the fourth-quarter results release.
EPS, diluted: Q4 FY09 and Q4 FY18: quarter's net income to common over its shares, to the cent. 7 periods, Q4 FY10 to Q4 FY26: printed in the fourth-quarter results release.
Diluted shares: 4 periods, Q4 FY09 to Q4 FY19: share-days: the 12-month average less the 9-month, weighted by days. 7 periods, Q4 FY10 to Q4 FY26: printed in the fourth-quarter results release. 7 periods, Q4 FY12 to Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet. Figures from older filings without data tags, and from a results release before its 10-Q, are read from the document's text and checked against it.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY27 | $11.5B | $11.4B to $11.5B | $3.45 | $3.42 to $3.46 | 27 |
| Q4 FY27 | $12.3B | $12.2B to $12.5B | $3.56 | $3.53 to $3.59 | 26 |
| Q1 FY28 | $12.2B | $12.1B to $12.3B | $3.77 | $3.70 to $3.80 | 22 |
| Q2 FY28 | $12.5B | $12.3B to $12.6B | $3.90 | $3.83 to $3.94 | 12 |
| Q3 FY28 | $12.6B | $12.4B to $12.7B | $3.96 | $3.89 to $4.00 | 12 |
| Q4 FY28 | $13.5B | $13.3B to $13.6B | $4.32 | $4.24 to $4.36 | 13 |
| Q1 FY29 | $13.4B | $13.2B to $13.5B | $4.40 | $4.32 to $4.44 | 13 |
| Q2 FY29 | $13.7B | $13.5B to $13.8B | $4.54 | $4.46 to $4.58 | 13 |
Peers
Companies in Software - Application nearest Salesforce's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CRMSalesforce | $204.6B | 22.7× | 111× | 16.9× | 4.7× | +11% | 22.0% |
| SHOPShopify | $217B | 113× | 115× | n/m | 16.4× | +33% | 14.5% |
| NOWServiceNow | $164.4B | 99.3× | 122× | 35.1× | 11.2× | +22% | 11.3% |
| UBERUber Technologies | $136.2B | 14.7× | 17.6× | 17.3× | 2.5× | +17% | 17.3% |
| ADPAutomatic Data Processing | $120.8B | 27.8× | 30.4× | 24.8× | 5.5× | +7% | 20.1% |
| SNOWSnowflake | $114.8B | n/m | n/a | 128× | 21.1× | +32% | −20.1% |
| ADBEAdobe | $102.7B | 14.7× | 49.2× | 9.8× | 4.0× | +12% | 28.0% |
| DDOGDatadog | $96.8B | n/m | 340× | 101× | 24.4× | +32% | 4.5% |
| INTUIntuit | $91.8B | 20.8× | 49.4× | 14.9× | 4.3× | +14% | 21.3% |
| CDNSCadence Design Systems | $87.2B | 62.9× | 59.4× | 36.9× | 14.9× | +15% | 23.6% |
| APPAppLovin | $87.1B | 20.0× | 62.7× | 14.4× | 12.8× | +48% | 64.6% |
| Peer median | $108.7B | 24.3× | 59.4× | 24.8× | 12.0× | +19% | 18.7% |
Investors who own it
Investors we follow who held Salesforce at the end of Jun 30, 2026, from their 13F filings.
- ValueAct CapitalValueAct Capital8.3% of portfolio
- Bill NygrenHarris Associates (Oakmark)3.4% of portfolioadded
- Chuck AkreAkre Capital Management2.2% of portfolio
More on Salesforce
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #10of 41Application software stocks with the fastest earnings growth
- #5of 17Application software stocks cheapest against their own PE history
- #8of 19Application software stocks with the lowest forward PE
Its groups
About
- Industry
- Software - Application
- Sector
- Technology
Valuation data, not investment advice. Prices as of .