Salesforce, Inc. (CRM) Balance Sheet
CRM balance sheet, FY2026
January 31, 2026 · U.S. dollars$112.31B assets = $53.16B liabilities + $59.14B equity
Both columns are drawn to the same scale: what CRM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CRM financial health
Current ratio0.76
Tight · current assets cover current liabilities 0.76×
Debt / equity0.29
Low leverage · $0.29 of debt for each $1 of equity
Equity / assets52.7%
Equity-funded · of assets funded by shareholders
Cash / debt55.7%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles57.7%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
CRM balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.58BFY2017 | $112.31BFY2026 | +22.9%/yr | |
| Total liabilities | $10.08BFY2017 | $53.16BFY2026 | +20.3%/yr | |
| Shareholders’ equity | $7.50BFY2017 | $59.14BFY2026 | +25.8%/yr | |
| Cash & short-term investments | $2.21BFY2017 | $9.56BFY2026 | +17.7%/yr | |
| Total debt | $2.71BFY2017 | $17.18BFY2026 | +22.8%/yr | |
| Net cash (debt) | −$500.7MFY2017 | −$7.61BFY2026 | −$7.1B | |
| Working capital | −$1.26BFY2017 | −$8.90BFY2026 | −$7.6B | |
| Book value per share | $10.71FY2017 | $61.86FY2026 | +21.5%/yr | |
| Current ratio | 0.83FY2017 | 0.76FY2026 | −0.07 | |
| Debt / equity | 0.36FY2017 | 0.29FY2026 | −0.07 | |
| Shares outstanding | 700.2MFY2017 | 956.0MFY2026 | +3.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
CRM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
CRM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CRM balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $9.56B | $14.03B | $14.19B | $12.51B | $10.54B | $11.97B | $7.95B | $4.34B | $4.52B | $2.21B |
| Cash & equivalents | $7.33B | $8.85B | $8.47B | $7.02B | $5.46B | $6.20B | $4.14B | $2.67B | $2.54B | $1.61B |
| Short-term investments | $2.24B | $5.18B | $5.72B | $5.49B | $5.07B | $5.77B | $3.80B | $1.67B | $1.98B | $602.3M |
| Receivables | $14.34B | $11.95B | $11.41B | $10.76B | $9.74B | $7.79B | $6.17B | $4.92B | $3.95B | $3.23B |
| Inventory | $0 | $0 | $0 | $1.78B | $1.45B | $1.15B | $926.0M | $788.0M | $0 | $0 |
| Other current assets | $4.32B | $3.75B | $3.47B | $1.36B | $1.12B | $991.0M | $916.0M | $629.0M | $818.6M | $557.1M |
| Total current assets | $28.22B | $29.73B | $29.07B | $26.39B | $22.85B | $21.89B | $15.96B | $10.68B | $9.29B | $6.00B |
| Property, plant & equipment (net) | $5.12B | $5.39B | $6.05B | $6.59B | $5.70B | $5.66B | $5.42B | $2.05B | $1.95B | $1.79B |
| Goodwill & intangible assets | $64.76B | $55.71B | $53.90B | $55.69B | $56.91B | $30.43B | $30.44B | $14.93B | $8.31B | $8.56B |
| Long-term investments | $7.59B | $4.85B | $4.85B | $4.67B | $4.78B | $3.91B | $1.96B | $1.30B | $677.3M | $567.0M |
| Other non-current assets | $6.61B | $7.25B | $5.95B | $5.50B | $4.96B | $4.41B | $1.35B | $1.77B | $786.2M | $675.5M |
| Total assets | $112.31B | $102.93B | $99.82B | $98.85B | $95.21B | $66.30B | $55.13B | $30.74B | $21.01B | $17.58B |
| Liabilities | ||||||||||
| Accounts payable | — | $3.52B | $3.24B | $6.74B | $5.47B | $4.36B | $3.43B | $165.0M | $76.5M | $115.3M |
| Short-term debt | $4.55B | $579.0M | $1.52B | $1.77B | $686.0M | $766.0M | $750.0M | $3.0M | $1.13B | $19.6M |
| Deferred revenue | $24.32B | $20.74B | $19.00B | $17.38B | $15.63B | $12.61B | $10.66B | $8.56B | $7.09B | $5.51B |
| Total current liabilities | $37.12B | $27.98B | $26.63B | $25.89B | $21.79B | $17.73B | $14.85B | $11.26B | $10.13B | $7.26B |
| Long-term debt | $10.70B | $8.77B | $9.03B | $9.42B | $10.59B | $2.67B | $2.67B | $3.17B | $694.8M | $2.01B |
| Lease obligations | $2.74B | $2.96B | $3.16B | $3.49B | $3.39B | $3.61B | $3.19B | — | $780.0M | $701.2M |
| Other long-term liabilities | $5.35B | $5.00B | $4.52B | $5.18B | $4.70B | $4.41B | $3.72B | $704.0M | $793.1M | $818.1M |
| Total liabilities | $53.16B | $41.76B | $40.18B | $40.49B | $37.08B | $24.81B | $21.24B | $15.13B | $11.62B | $10.08B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $730,000 | $708,000 |
| Retained earnings (deficit) | $22.22B | $16.37B | $11.72B | $7.58B | $7.38B | $5.93B | $1.86B | $1.74B | −$337.4M | −$464.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $313.0M | −$266.0M | −$225.0M | −$274.0M | −$166.0M | −$42.0M | −$93.0M | −$58.0M | −$27.1M | −$75.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $59.14B | $61.17B | $59.65B | $58.36B | $58.13B | $41.49B | $33.88B | $15.61B | $9.39B | $7.50B |
| Key figures | ||||||||||
| Total debt | $17.18B | $11.39B | $12.59B | $14.09B | $13.98B | $6.28B | $5.87B | $3.18B | $2.50B | $2.71B |
| Net cash (debt) | −$7.61B | $2.64B | $1.61B | −$1.58B | −$3.44B | $5.68B | $2.08B | $1.17B | $2.02B | −$500.7M |
| Working capital | −$8.90B | $1.75B | $2.44B | $504.0M | $1.06B | $4.16B | $1.12B | −$572.0M | −$839.1M | −$1.26B |
| Tangible book value | −$5.61B | $5.46B | $5.75B | $2.67B | $1.22B | $11.06B | $3.45B | $679.0M | $1.08B | −$1.06B |
| Book value per share | $61.86 | $62.81 | $60.62 | $58.53 | $59.68 | $44.62 | $39.86 | $20.14 | $12.79 | $10.71 |
| Shares outstanding | 956.0M | 974.0M | 984.0M | 997.0M | 974.0M | 930.0M | 850.0M | 775.0M | 734.6M | 700.2M |
| Current ratio | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | 0.95 | 0.92 | 0.83 |
| Quick ratio | 0.64 | 0.93 | 0.96 | 0.90 | 0.93 | 1.11 | 0.95 | 0.82 | 0.84 | 0.75 |
| Debt / equity | 0.29 | 0.19 | 0.21 | 0.24 | 0.24 | 0.15 | 0.17 | 0.20 | 0.27 | 0.36 |
| Equity / assets | 52.7% | 59.4% | 59.8% | 59.0% | 61.1% | 62.6% | 61.5% | 50.8% | 44.7% | 42.7% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $11.40B | $11.84B | $9.56B | $11.32B | $15.37B | $17.41B | $14.03B | $12.76B | $12.64B | $17.67B | $14.19B | $11.86B |
| Cash & equivalents | $8.31B | $8.94B | $7.33B | $8.98B | $10.37B | $10.93B | $8.85B | $8.00B | $7.68B | $9.96B | $8.47B | $6.45B |
| Short-term investments | $3.09B | $2.90B | $2.24B | $2.35B | $5.01B | $6.48B | $5.18B | $4.76B | $4.95B | $7.71B | $5.72B | $5.41B |
| Receivables | $6.32B | $5.08B | $14.34B | $5.47B | $5.60B | $4.35B | $11.95B | $4.74B | $5.39B | $4.27B | $11.41B | $4.85B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.76B |
| Other current assets | $4.36B | $4.70B | $4.32B | $4.27B | $4.36B | $4.10B | $3.75B | $3.93B | $3.83B | $3.66B | $3.47B | $1.73B |
| Total current assets | $22.08B | $21.61B | $28.22B | $21.06B | $25.33B | $25.87B | $29.73B | $21.43B | $21.86B | $25.60B | $29.07B | $20.20B |
| Property, plant & equipment (net) | $4.83B | $5.04B | $5.12B | $5.10B | $5.18B | $5.26B | $5.39B | $5.58B | $5.71B | $5.76B | $6.05B | $6.33B |
| Goodwill & intangible assets | $65.39B | $65.94B | $64.76B | $55.95B | $55.11B | $55.31B | $55.71B | $53.21B | $53.36B | $53.81B | $53.90B | $54.35B |
| Long-term investments | $11.32B | $7.77B | $7.59B | $6.41B | $5.08B | $4.94B | $4.85B | $4.84B | $5.02B | $4.98B | $4.85B | $4.77B |
| Other non-current assets | $5.99B | $6.32B | $6.61B | $6.63B | $6.87B | $7.23B | $7.25B | $6.33B | $6.24B | $6.03B | $5.95B | $5.37B |
| Total assets | $109.62B | $106.68B | $112.31B | $95.14B | $97.57B | $98.61B | $102.93B | $91.39B | $92.18B | $96.18B | $99.82B | $91.02B |
| Liabilities | ||||||||||||
| Accounts payable | $7.02B | — | — | — | $5.40B | $5.80B | $6.66B | $3.16B | $3.33B | $3.73B | $3.24B | $3.41B |
| Short-term debt | $531.0M | $557.0M | $4.55B | $564.0M | $580.0M | $593.0M | $579.0M | $572.0M | $559.0M | $1.57B | $1.52B | $1.52B |
| Deferred revenue | $18.79B | $20.36B | $24.32B | $15.00B | $16.55B | $17.80B | $20.74B | $13.47B | $15.22B | $16.06B | $19.00B | $12.56B |
| Total current liabilities | $26.34B | $27.50B | $37.12B | $21.41B | $22.53B | $24.20B | $27.98B | $19.38B | $21.00B | $23.15B | $26.63B | $19.39B |
| Long-term debt | $39.29B | $39.28B | $10.44B | $8.44B | $8.44B | $8.44B | $8.43B | $8.43B | $8.43B | $8.43B | $8.43B | $8.43B |
| Lease obligations | $2.46B | $2.60B | $2.74B | $2.70B | $2.80B | $2.93B | $2.96B | $2.99B | $2.96B | $3.09B | $3.16B | $3.29B |
| Other long-term liabilities | $5.62B | $5.66B | $5.61B | $5.28B | $5.28B | $5.31B | $5.34B | $5.06B | $5.12B | $4.92B | $5.12B | $5.11B |
| Total liabilities | $71.24B | $72.44B | $53.16B | $35.12B | $36.24B | $37.94B | $41.76B | $32.87B | $34.55B | $36.50B | $40.18B | $32.93B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Retained earnings (deficit) | $27.11B | $23.95B | $22.22B | $20.67B | $18.99B | $17.50B | $16.37B | $15.05B | $13.91B | $12.87B | $11.72B | $10.28B |
| Accumulated other comprehensive income | $263.0M | $395.0M | $313.0M | $154.0M | $47.0M | −$130.0M | −$266.0M | −$225.0M | −$236.0M | −$270.0M | −$225.0M | −$331.0M |
| Total shareholders' equity | $38.38B | $34.23B | $59.14B | $60.02B | $61.33B | $60.67B | $61.17B | $58.52B | $57.63B | $59.68B | $59.65B | $58.09B |
| Key figures | ||||||||||||
| Total debt | $41.74B | $41.88B | $17.18B | $11.14B | $11.24B | $11.37B | $11.39B | $11.42B | $11.39B | $12.52B | $12.59B | $12.71B |
| Net cash (debt) | −$30.34B | −$30.05B | −$7.61B | $184.0M | $4.13B | $6.04B | $2.64B | $1.33B | $1.24B | $5.15B | $1.61B | −$849.0M |
| Working capital | −$4.25B | −$5.89B | −$8.90B | −$347.0M | $2.80B | $1.67B | $1.75B | $2.05B | $861.0M | $2.46B | $2.44B | $808.0M |
| Tangible book value | −$27.01B | −$31.71B | −$5.61B | $4.07B | $6.22B | $5.35B | $5.46B | $5.31B | $4.28B | $5.87B | $5.75B | $3.74B |
| Book value per share | $46.75 | $39.31 | $62.92 | $62.39 | $63.75 | $62.54 | $62.81 | $60.03 | $59.23 | $60.59 | $60.68 | $59.22 |
| Shares outstanding | 821.0M | 871.0M | 940.0M | 962.0M | 962.0M | 970.0M | 974.0M | 975.0M | 973.0M | 985.0M | 983.0M | 981.0M |
| Current ratio | 0.84 | 0.79 | 0.76 | 0.98 | 1.12 | 1.07 | 1.06 | 1.11 | 1.04 | 1.11 | 1.09 | 1.04 |
| Quick ratio | 0.67 | 0.62 | 0.64 | 0.78 | 0.93 | 0.90 | 0.93 | 0.90 | 0.86 | 0.95 | 0.96 | 0.86 |
| Debt / equity | 1.09 | 1.22 | 0.29 | 0.19 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.22 |
| Equity / assets | 35.0% | 32.1% | 52.7% | 63.1% | 62.9% | 61.5% | 59.4% | 64.0% | 62.5% | 62.1% | 59.8% | 63.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 2, 2026); data from EODHD.
CRM financial position
At the end of fiscal 2026 (January 31, 2026), Salesforce had total assets of $112.3 billion (up 9.1% from a year earlier), total liabilities of $53.2 billion and shareholders' equity of $59.1 billion. It held $9.6 billion in cash and short-term investments against $17.2 billion of debt, net debt of $7.6 billion. Its current ratio was 0.76. In the latest quarter (ended July 31, 2026) total assets were $109.6 billion and equity $38.4 billion.
Related: CRM income statement, CRM cash flow statement, CRM key metrics. See the CRM stock overview for the latest quote and news.
CRM balance sheet FAQ
What are Salesforce's total assets?
Salesforce reported total assets of $112.3 billion at the end of fiscal 2026 (January 31, 2026), compared with $102.9 billion a year earlier.
How much debt does Salesforce have?
Salesforce had $17.2 billion of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.29.
How much cash does Salesforce have?
Salesforce held $9.6 billion in cash and short-term investments at the end of fiscal 2026; with $17.2 billion of debt that is net debt of $7.6 billion.
What is Salesforce's book value?
Salesforce's shareholders' equity (book value) was $59.1 billion at the end of fiscal 2026, or $61.86 per share.
What is Salesforce's current ratio?
Salesforce had current assets of $28.2 billion and current liabilities of $37.1 billion, a current ratio of 0.76 (current liabilities exceed current assets).
How much goodwill does Salesforce have?
Salesforce carried $64.8 billion of goodwill and intangible assets, 57.7% of total assets, at the end of fiscal 2026.