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NEW YORK STOCK EXCHANGE, INC. · Technology · CIK 0001108524
$250.29
+3.52% · delayed ~15 min
Last price from Oct 22, 2026
$232.52B market value
From Salesforce, Inc.'s FY2026 10-K, filed Mar 2, 2026 · read the filing
Salesforce makes and sells software and computing services. It took in $41.52B last year, which makes it a large company. Of every dollar it sells, about 18 cents is left as profit.
The financial picture is led by profitability, debt and accounting, with growth worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by Conway Craig, not under a pre-arranged plan.
$1.2M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From Salesforce, Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
$7.21B → $8.33B
Profit
$6.20B → $7.46B
Free cash flow
$12.43B → $14.40B
Earnings per share
$6.44 → $8.03
Measured against FY2025, from the 10-K filed Mar 2, 2026
Improved: +15.6%
$7.21B to $8.33BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +20.3%
$6.20B to $7.46BSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote delayed ~15 min), and what was published around it
CRM rose 3.52% on the latest quote. The average Technology company tracked here moved −1.32%, and the S&P 500 −1.04%. That is 4.8 points above its sector and 4.6 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 3% a year for the next 10 years. Over the last 10 years it grew by about 26% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 18 cents of every dollar of sales as profit, earning $7.46B last year.
Slowly. Sales grew 9.6% last year.
No. Its borrowings would take under a year of cash flow to clear. For every $1 it owes, it owns $2.11 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 21 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 11% of the cash its operations generated.
GoodFigures from the FY2026 annual filing
Last year it earned $7.46B and generated $15.00B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 2, 2026Filing for FY2026 | FY202510-K · Mar 5, 2025Filing for FY2025 | FY202410-K · Mar 5, 2025Filing for FY2024 | FY202310-K · Mar 5, 2025Filing for FY2023 | FY202210-K · Mar 11, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $41.52B | $37.90B | $34.86B | $31.35B | $26.49B | +9.6% |
| Cost of revenue | $9.27B | $8.64B | $8.54B | $8.36B | $7.03B | +7.3% |
| Gross profit | $32.26B | $29.25B | $26.32B | $22.99B | $19.47B | +10.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 77.7% | 77.2% | 75.5% | 73.3% | 73.5% | +0.5 pts |
| Selling, general and administrative | $3.00B | $2.84B | $2.53B | $2.55B | $2.60B | +5.8% |
| Operating income | $8.33B | $7.21B | $5.01B | $1.03B | $548.0M | +15.6% |
| Operating marginOperating income ÷ revenueWhat is this? | 20.1% | 19.0% | 14.4% | 3.3% | 2.1% | +1.0 pts |
| Interest expense | $324.0M | $272.0M | $283.0M | $300.0M | $216.0M | +19.1% |
| Income before tax | $9.52B | $7.44B | $4.95B | $660.0M | $1.53B | +28.0% |
| Net income | $7.46B | $6.20B | $4.14B | $208.0M | $1.44B | +20.3% |
| Net marginNet income ÷ revenueWhat is this? | 18.0% | 16.4% | 11.9% | 0.7% | 5.5% | +1.6 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $8.03 | $6.44 | $4.26 | $0.212 | $1.46 | +24.6% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| CRMSalesforce, Inc. · this page | 9.0/10 | 7/9 | 9.6% | 18.0% | 31.18x | 0.90x |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Exercised stock options — 1,015 shares
Holds 33,234 shares after this filing.
Had shares withheld to cover taxes — 400 shares at $233.28 ($93.3K)
Holds 32,834 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Made a Regulation FD disclosure
Read the filingMade a Regulation FD disclosure
Read the filingWrite down why you are following Salesforce, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 155 subsidiaries named in its 10-K, incorporated across 42 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from CRM's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 2, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 9.0 | 7/9 | 10-K, filed Mar 2, 2026 |
| FY2025 | 9.0 | 8/9 | 10-K, filed Mar 5, 2025 |
| FY2024 | 9.0 | 9/9 | 10-K, filed Mar 6, 2024 |
| FY2023 | 9.0 | 5/9 | 10-K, filed Mar 8, 2023 |
| FY2022 | 9.0 | 3/9 | 10-K, filed Mar 11, 2022 |
| FY2021 | 10.0 | 7/9 | 10-K, filed Mar 17, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.79
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.68
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +15.8%
$12.43B to $14.40BSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +24.6%
$6.44 to $8.03Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +23.8%
$8.43B to $10.44BSignificant
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Deteriorated: -17.2%
$8.85B to $7.33BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +9.6%
$37.90B to $41.52BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +10.3%
$29.25B to $32.26BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.1 pts
19.0% to 20.1%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +1.6 pts
16.4% to 18.0%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: -3.4%
962.0M to 929.0MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: -9.7%
$658.0M to $594.0MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Aug 27, 2026 — read it.
Improved: +86.9%
$1.89B to $3.53BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +12.6 pts
18.4% to 31.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +81.5%
$605.0M to $1.10BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +117.8%
$1.97 to $4.30Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: +365.7%
$8.44B to $39.29BCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -14.2%
956.0M to 820.0MCritical
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Deteriorated: -19.8%
$10.37B to $8.31BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +26.7%
$135.0M to $171.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +10.8%
$10.24B to $11.35BNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +8.8%
$7.99B to $8.70BNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.5 pts
78.1% to 76.7%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Deteriorated: −2.2 pts
22.8% to 20.5%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Changed: -8.8%
$399.0M to $364.0MNotable
Why it matters: Cash handed to shareholders. A rise can be a higher dividend or simply more shares, and a cut is a decision the company explains in its own filing — neither is rated here.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Aug 27, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +67.3%
$2.11B to $3.53BCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +12.2 pts
18.9% to 31.1%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: -83.3%
$6.56B to $1.10BCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: +77.1%
$2.43 to $4.30Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: -5.5%
868.0M to 820.0MSignificant
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Changed: +17.9%
$145.0M to $171.0MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Deteriorated: -7.0%
$8.94B to $8.31BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
2 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 1% and 5%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 56 analysts covering this company, as of . Their views, not this site's.
Of 56 analysts publishing on this company, 14 say strong buy, 26 say buy, 14 say hold, 1 say sell and 1 say strong sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.5% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 24.2x — investors pay $24.2 for each $1 of trailing profit.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 10.0/10 |
| 7/8 |
| 56.2% |
| 36.3% |
| 288.69x |
| 0.19x |
| ADBEADOBE INC. | 9.0/10 | 7/9 | 10.5% | 30.0% | 15.67x | 1.54x |
|---|
| INTUINTUIT INC. | 8.7/10 | 7/8 | 13.9% | 21.3% | 20.86x | 0.94x |
|---|
| DDOGDatadog, Inc. | 6.0/10 | 5/8 | 27.7% | 3.1% | 830.87x | 0.78x |
|---|
| CDNSCADENCE DESIGN SYSTEMS INC | 8.7/10 | 6/7 | 14.1% | 20.9% | 75.90x | 0.85x |
|---|
| SNPSSYNOPSYS INC | 7.0/10 | 3/9 | 15.1% | 18.9% | 58.98x | 0.70x |
|---|
| Median of peers | 8.7/10 | — | 14.6% | 21.1% | 67.44x | 0.82x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Exercised stock options — 1,526 shares
Holds 34,360 shares after this filing.
Had shares withheld to cover taxes — 601 shares at $233.28 ($140.2K)
Holds 33,759 shares after this filing.
Exercised stock options — 1,015 shares
Holds 19,179 shares after this filing.
Had shares withheld to cover taxes — 562 shares at $233.28 ($131.1K)
Holds 18,617 shares after this filing.
Exercised stock options — 1,017 shares
Holds 19,634 shares after this filing.
Had shares withheld to cover taxes — 563 shares at $233.28 ($131.3K)
Holds 19,071 shares after this filing.
Exercised stock options — 1,831 shares
Holds 50,658 shares after this filing.
Had shares withheld to cover taxes — 908 shares at $233.28 ($211.8K)
Holds 49,750 shares after this filing.
Exercised stock options — 1,269 shares
Holds 164,557 shares after this filing.
Had shares withheld to cover taxes — 630 shares at $233.28 ($147.0K)
Holds 163,927 shares after this filing.
Exercised stock options — 1,272 shares
Holds 165,199 shares after this filing.
Had shares withheld to cover taxes — 631 shares at $233.28 ($147.2K)
Holds 164,568 shares after this filing.
Bought on the open market — 4,176 shares at $239.33 ($999.5K)
Holds 18,748 shares after this filing.
Had shares withheld to cover taxes — 6,535 shares at $255.65 ($1.7M)
Holds 32,219 shares after this filing.
Had shares withheld to cover taxes — 8,873 shares at $255.65 ($2.3M)
Holds 18,164 shares after this filing.
Sold on the open market — 1,418 shares at $260.50 ($369.4K)
Holds 8,519 shares after this filing.
Sold on the open market — 3,082 shares at $260.66 ($803.4K)
Holds 5,437 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 4,500 shares ($1.2M) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Filed notice to sell 5,250 shares ($1.2M) on or after .
Shares originally obtained via Performance and Restricted Stock.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join
Quarterly report for Q2 FY2027
Revenue +10.8% · Operating margin −2.2 pts · Profit +86.9% — against Q2 FY2026
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q1 FY2027
Revenue +13.3% · Operating margin +1.3 pts · Earnings per share +51.2% — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingMade a Regulation FD disclosure
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2026
Revenue +9.6% · Operating margin +1.1 pts · Operating income +15.6% — against FY2025
Read the filingPublished results
Read the filingQuarterly report for Q3 FY2026
Revenue +8.6% · Operating margin +1.3 pts · Operating income +15.6% — against Q3 FY2025
Read the filingPublished results
Read the filingTook on a direct financial obligation · Made a Regulation FD disclosure
Read the filingThe first 40 of 155. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-03-02. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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