Salesforce, Inc. (CRM) Income Statement
CRM FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsCRM revenue and net income
Where CRM's revenue goes
FY2026Each bar shows an amount and its share of revenue. CRM kept 18.0% of revenue as net income.
CRM profit margins
CRM growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.6% | +9.8% | +14.3% | +20.1% |
| Gross profit | +10.3% | +11.9% | +15.3% | +20.5% |
| Operating income | +23.8% | +45.0% | +81.3% | +54.5% |
| Net income | +20.3% | +229.7% | +12.9% | — |
| EPS (diluted) | +23.2% | +33.7% | +20.6% | +32.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRM quarterly EPS vs estimates
Salesforce beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: December 2, 2026 (estimate $2.41).
CRM income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.52B | $37.90B | $34.86B | $31.35B | $26.49B | $21.25B | $17.10B | $13.28B | $10.48B | $8.39B |
| Cost of revenue | $9.27B | $8.64B | $8.54B | $8.36B | $7.03B | $5.44B | $4.24B | $3.45B | $2.77B | $2.23B |
| Gross profit | $32.26B | $29.25B | $26.32B | $22.99B | $19.47B | $15.81B | $12.86B | $9.83B | $7.71B | $6.20B |
| Research & development | $5.99B | $5.49B | $4.91B | $5.05B | $4.46B | $3.60B | $2.77B | $1.89B | $1.55B | $1.21B |
| Sales, general & admin | $17.34B | $16.09B | $15.41B | $16.08B | $14.45B | $11.76B | $9.63B | $7.41B | $5.92B | $4.78B |
| Total operating expenses | $23.34B | $22.05B | $21.30B | $21.13B | $18.92B | $15.36B | $12.40B | $9.30B | $7.47B | $5.99B |
| Operating income | $8.92B | $7.21B | $5.01B | $2.92B | $1.86B | $455.0M | $202.0M | $535.0M | $235.8M | $218.0M |
| Interest income | $1.16B | $161.0M | $160.0M | $35.0M | $1.21B | $2.17B | $118.0M | $57.0M | $36.0M | $21.9M |
| Interest expense | $324.0M | $272.0M | — | $287.0M | $216.0M | $110.0M | $110.0M | $126.0M | $54.0M | $89.0M |
| Income before taxes | $9.52B | $7.44B | $4.95B | $660.0M | $1.53B | $2.56B | $706.0M | $983.0M | $202.1M | $179.0M |
| Income taxes | $2.06B | $1.24B | $814.0M | $452.0M | $88.0M | −$1.51B | $580.0M | −$127.0M | $74.6M | −$144.0M |
| Net income | $7.46B | $6.20B | $4.14B | $208.0M | $1.44B | $4.07B | $126.0M | $1.11B | $127.5M | $323.0M |
| EBITDA | $13.15B | $11.14B | $9.96B | $6.71B | $2.63B | $1.13B | $2.34B | $2.10B | $1.04B | $900.0M |
| EPS (diluted) | $12.55 | $10.19 | $8.21 | $5.25 | $4.80 | $4.92 | $3.00 | $2.76 | $1.35 | $1.00 |
| Gross margin | 77.7% | 77.2% | 75.5% | 73.3% | 73.5% | 74.4% | 75.2% | 74.0% | 73.5% | 73.9% |
| Operating margin | 21.5% | 19.0% | 14.4% | 9.3% | 7.0% | 2.1% | 1.2% | 4.0% | 2.2% | 2.6% |
| Net margin | 18.0% | 16.4% | 11.9% | 0.7% | 5.5% | 19.2% | 0.7% | 8.4% | 1.2% | 3.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.35B | $11.13B | $11.20B | $10.26B | $10.24B | $9.83B | $9.99B | $9.44B | $9.32B | $9.13B | $9.29B | $8.72B |
| Cost of revenue | $2.65B | $2.57B | $2.51B | $2.25B | $2.24B | $2.27B | $2.22B | $2.10B | $2.16B | $2.16B | $2.15B | $2.15B |
| Gross profit | $8.70B | $8.56B | $8.69B | $8.00B | $7.99B | $7.56B | $7.78B | $7.34B | $7.17B | $6.97B | $7.14B | $6.57B |
| Research & development | $1.69B | $1.63B | $1.62B | $1.43B | $1.48B | $1.46B | $1.42B | $1.36B | $1.35B | $1.37B | $1.27B | $1.20B |
| Sales, general & admin | $4.58B | $4.51B | $902.0M | $4.12B | $4.18B | $4.13B | $4.24B | $4.03B | $3.94B | $3.89B | $4.07B | $3.81B |
| Total operating expenses | $6.37B | $6.14B | $6.24B | $5.82B | $5.66B | $5.62B | $5.96B | $5.45B | $5.38B | $5.25B | $5.52B | $5.06B |
| Operating income | $2.33B | $2.43B | $2.45B | $2.19B | $2.33B | $1.94B | $1.82B | $1.89B | $1.78B | $1.71B | $1.62B | $1.50B |
| Interest income | — | — | $883.0M | $263.0M | $25.0M | $84.0M | $178.0M | $42.0M | — | — | — | — |
| Interest expense | $473.0M | $317.0M | — | $67.0M | $67.0M | $68.0M | $68.0M | $67.0M | $68.0M | — | $140.0M | $70.0M |
| Income before taxes | $4.55B | $2.72B | $2.63B | $2.51B | $2.41B | $1.97B | $1.99B | $1.75B | $1.84B | $1.87B | $1.65B | $1.49B |
| Income taxes | $1.03B | $614.0M | $685.0M | $426.0M | $519.0M | $433.0M | $280.0M | $219.0M | $408.0M | $334.0M | $199.0M | $263.0M |
| Net income | $3.53B | $2.11B | $1.94B | $2.09B | $1.89B | $1.54B | $1.71B | $1.53B | $1.43B | $1.53B | $1.45B | $1.22B |
| EBITDA | $5.99B | $4.02B | $3.75B | $3.00B | $3.22B | $2.75B | $3.00B | $2.76B | $2.79B | $2.60B | $2.75B | $2.42B |
| EPS (diluted) | $4.95 | $3.88 | $3.81 | $3.25 | $2.91 | $2.58 | $2.78 | $2.41 | $2.56 | $2.44 | $2.29 | $2.11 |
| Gross margin | 76.7% | 76.9% | 77.6% | 78.0% | 78.1% | 77.0% | 77.8% | 77.7% | 76.8% | 76.3% | 76.9% | 75.3% |
| Operating margin | 20.5% | 21.8% | 21.9% | 21.3% | 22.8% | 19.8% | 18.2% | 20.0% | 19.1% | 18.7% | 17.5% | 17.2% |
| Net margin | 31.1% | 18.9% | 17.3% | 20.3% | 18.4% | 15.7% | 17.1% | 16.2% | 15.3% | 16.8% | 15.6% | 14.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRM's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRM financial results
In fiscal year 2026 (ended January 31, 2026), Salesforce reported revenue of $41.5 billion, up 9.6% from the year before. It had net income of $7.5 billion (up 20.3%), a net profit margin of 18.0%. Diluted earnings per share came to $12.55. Over five years revenue grew at an average rate of 14.3% a year.
See the CRM stock overview for the latest quote and news, or the CRM chart for price history and technical indicators.
CRM income statement FAQ
What is Salesforce's annual revenue?
Salesforce reported total revenue of $41.5 billion for fiscal year 2026, which ended on January 31, 2026. That was up 9.6% from $37.9 billion the previous year.
Is Salesforce profitable?
Yes. Salesforce reported net income of $7.5 billion in fiscal 2026, a net profit margin of 18.0%; its operating margin was 21.5%.
What is Salesforce's gross margin?
Salesforce's gross margin was 77.7% in fiscal 2026: for every $100 of revenue, Salesforce kept $78 after the direct cost of its products and services.
How much does Salesforce spend on research and development?
Salesforce spent $6.0 billion on research and development in fiscal 2026, 14.4% of revenue.
How fast is Salesforce growing?
Revenue grew 14.3% a year on average over the last five fiscal years, from $21.3 billion to $41.5 billion.
What are Salesforce's earnings per share?
Salesforce earned $12.55 per diluted share in fiscal 2026, compared with $10.19 a year earlier.
When will Salesforce report its next earnings?
Salesforce is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 after the market closes.
When does Salesforce's fiscal year end?
Salesforce's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 2, 2026.