Salesforce, Inc.
CRMNYSE
$247.36
Last price · USD
- Market cap
- $236.5B
- P/E
- 31.7x
- EV / EBITDA
- 18.7x
- P/S
- 5.7x
- FCF yield
- 6.1%
- Div. yield
- 0.67%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Salesforce, Inc. cash flow statement
Annual · USD millions except per-share data · 33 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 7,457 | 6,197 | 4,136 | 208 | 1,444 | +50.7% | |
| Depreciation & amortization | 3,631 | 3,477 | 3,959 | 3,786 | 3,298 | +2.4% | |
| Stock-based compensation | 3,509 | 3,183 | 2,787 | 3,279 | 2,779 | +6.0% | |
| Change in working capital | (503) | (1,981) | (2,850) | (2,069) | (1,658) | — | |
| Accounts receivables | (2,160) | (490) | (659) | (995) | (1,824) | — | |
| Accounts payables | 1,014 | 1,089 | (478) | 528 | 507 | +18.9% | |
| Other working capital | 643 | (2,580) | (1,713) | (1,602) | (341) | — | |
| Other non-cash items | 902 | 2,216 | 2,202 | 1,907 | 137 | +60.2% | |
| Net cash from operating activities | 14,996 | 13,092 | 10,234 | 7,111 | 6,000 | +25.7% | |
| Operating cash flow | 14,996 | 13,092 | 10,234 | 7,111 | 6,000 | +25.7% | |
| Investing activities | |||||||
| Investments in PP&E | (594) | (658) | (736) | (798) | (717) | — | |
| Capital expenditure | (594) | (658) | (736) | (798) | (717) | — | |
| Acquisitions, net | (9,268) | (2,734) | (82) | (439) | (14,876) | — | |
| Purchases of investments | (5,721) | (7,418) | (4,257) | (5,327) | (7,392) | — | |
| Sales / maturities of investments | 6,993 | 7,647 | 3,748 | 4,575 | 8,449 | -4.6% | |
| Net cash from investing activities | (8,590) | (3,163) | (1,327) | (1,989) | (14,536) | — | |
| Financing activities | |||||||
| Net debt issuance | 5,416 | (1,603) | (1,811) | (423) | 6,549 | -4.6% | |
| Long-term net debt issuance | 5,416 | (1,603) | (1,811) | (423) | 6,549 | -4.6% | |
| Net stock issuance | (11,557) | (7,829) | (7,620) | (4,000) | 0 | — | |
| Common stock issuance | 1,039 | 0 | 0 | 0 | 0 | — | |
| Common stock repurchased | (12,596) | (7,829) | (7,620) | (4,000) | 0 | — | |
| Net common stock issuance | (11,557) | (7,829) | (7,620) | (4,000) | 0 | — | |
| Common dividends paid | (1,587) | (1,537) | 0 | 0 | 0 | — | |
| Net dividends paid | (1,587) | (1,537) | 0 | 0 | 0 | — | |
| Other financing activities | (351) | 1,540 | 1,954 | 861 | 1,289 | — | |
| Net cash from financing activities | (8,079) | (9,429) | (7,477) | (3,562) | 7,838 | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 152 | (124) | 26 | (8) | (33) | — | |
| Net change in cash | (1,521) | 376 | 1,456 | 1,552 | (731) | — | |
| Cash at beginning of period | 8,848 | 8,472 | 7,016 | 5,464 | 6,195 | +9.3% | |
| Cash at end of period | 7,327 | 8,848 | 8,472 | 7,016 | 5,464 | +7.6% | |
| Free cash flow | 14,402 | 12,434 | 9,498 | 6,313 | 5,283 | +28.5% | |
| Income taxes paid | 1,282 | 2,061 | 1,027 | 510 | 196 | +59.9% | |
| Interest paid | 276 | 233 | 254 | 275 | 187 | +10.2% | |