Salesforce, Inc.

Listed Company

CRMCIK 0001108524NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$41.52B

Net Income

$7.46B

Total Assets

$112.31B

Equity

$59.14B

Shares Out

923.00M

Op. Cash Flow

$15.00B

+ 13F Filer

Business

Salesforce, Inc. is a global provider of customer relationship management (CRM) technology that enables organizations to connect with customers using data, artificial intelligence and a unified platform. It offers AI-powered cloud-based services and platform products including Sales, Service, Marketing, Commerce, Slack, Integration (MuleSoft), Analytics (Tableau), Data Cloud, Agentforce and industry-specific solutions. Its key business segments consist of solution-specific offerings (Sales, Service, Marketing/Commerce, Platform and Slack) and cross-cutting products like Agentforce and Data Cloud. Salesforce sells primarily on a subscription basis worldwide through direct sales, self-service channels and an ecosystem of partners, marketplaces and system integrators.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Total revenues	41,525	37,895	34,857	31,352	26,492
Total cost of revenues	9,270	8,643	8,541	8,360	7,026
Gross profit	32,255	29,252	26,316	22,992	19,466
Research and development	5,993	5,493	4,906	5,055	4,465
Sales and marketing	14,345	13,257	12,877	13,526	11,855
General and administrative	3,000	2,836	2,534	2,553	2,598
Restructuring	586	461	988	828	0
Total operating expenses	23,924	22,047	21,305	21,962	18,918
Income from operations	8,331	7,205	5,011	1,030	548
Gains (losses) on strategic investments, net	1,017	−121	−277	−239	1,211
Other income	172	354	216	−131	−227
Income before provision for income taxes	9,520	7,438	4,950	660	1,532
Provision for income taxes	−2,063	−1,241	−814	−452	−88
Net income	7,457	6,197	4,136	208	1,444
Basic net income per share (in dollars per share)	7.85	6.44	4.25	0.21	1.51
Diluted net income per share (in dollars per share)	7.8	6.36	4.2	0.21	1.48
Shares used in computing basic net income per share (in shares)	950	962	974	992	955
Shares used in computing diluted net income per share (in shares)	956	974	984	997	974

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	7,327	8,848	8,472	7,016	5,464
Marketable securities	2,238	5,184	5,722	5,492	5,073
Accounts receivable, net	14,339	11,945	11,414	10,755	9,739
Costs capitalized to obtain revenue contracts, net	2,075	1,971	1,905	1,776	1,454
Prepaid expenses and other current assets	2,243	1,779	1,561	1,356	1,120
Total current assets	28,222	29,727	29,074	26,395	22,850
Property and equipment, net	3,120	3,236	3,689	3,702	2,815
Operating lease right-of-use assets, net	2,003	2,157	2,366	2,890	2,880
Noncurrent costs capitalized to obtain revenue contracts, net	2,985	2,475	2,515	2,697	2,342
Strategic investments	7,591	4,852	4,848	4,672	4,784
Goodwill	57,941	51,283	48,620	48,568	47,937
Intangible assets acquired through business combinations, net	6,815	4,428	5,278	7,125	8,978
Deferred tax assets and other assets, net	3,628	4,770	3,433	2,800	2,623
Total assets	112,305	102,928	99,823	98,849	95,209
Accounts payable, accrued expenses and other liabilities	8,253	6,658	6,111	6,743	5,470
Operating lease liabilities, current	548	579	518	590	686
Unearned revenue	24,317	20,743	19,003	17,376	15,628
Debt, current	4,000	0	999	1,182	4
Total current liabilities	37,118	27,980	26,631	25,891	21,788
Noncurrent debt	10,439	8,433	8,427	9,419	10,592
Noncurrent operating lease liabilities	2,189	2,380	2,644	2,897	2,703
Other noncurrent liabilities	3,417	2,962	2,475	2,283	1,995
Total liabilities	53,163	41,755	40,177	40,490	37,078
Commitments and contingencies (See Notes 6 and 14)	—	—	—	—	—
Preferred stock, $0.001 par value; 5 shares authorized and none issued and outstanding	0	0	0	0	0
Common stock, $0.001 par value; 1,600 shares authorized, 1,073 and 1,056 shares issued as of January 31, 2026 and 2025, respectively, and 929 and 962 shares outstanding as of January 31, 2026 and 2025, respectively	1	1	1	1	1
Treasury stock, at cost	−32,228	−19,507	−11,692	−4,000	0
Additional paid-in capital	68,835	64,576	59,841	55,047	50,919
Accumulated other comprehensive income (loss)	313	−266	−225	−274	−166
Retained earnings	22,221	16,369	11,721	7,585	7,377
Total stockholders equity	59,142	61,173	59,646	58,359	58,131
Total liabilities and stockholders equity	112,305	102,928	99,823	98,849	95,209

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	3,631	3,477	3,959	3,786	3,298
Amortization of costs capitalized to obtain revenue contracts, net	2,197	2,095	1,925	1,668	1,348
Accounts receivable, net	−2,160	−490	−659	−995	−1,824
Costs capitalized to obtain revenue contracts, net	−2,811	−2,121	−1,872	−2,345	−2,283
Prepaid expenses and other current assets and other assets	819	−1,495	−843	−302	114
Accounts payable and accrued expenses and other liabilities	1,014	1,089	−478	528	507
Operating lease liabilities	−567	−548	−621	−699	−801
Unearned revenue	2,924	1,584	1,623	1,744	2,629
Net cash provided by operating activities	14,996	13,092	10,234	7,111	6,000
Business combinations, net of cash acquired	−9,268	−2,734	−82	−439	−14,876
Purchases of strategic investments	−1,958	−539	−496	−550	−1,718
Sales of strategic investments	184	126	108	355	2,201
Purchases of marketable securities	−3,763	−6,879	−3,761	−4,777	−5,674
Sales of marketable securities	4,414	4,143	1,511	1,771	4,179
Maturities of marketable securities	2,395	3,378	2,129	2,449	2,069
Capital expenditures	−594	−658	−736	−798	−717
Net cash used in investing activities	−8,590	−3,163	−1,327	−1,989	−14,536
Proceeds from issuance of debt, net of issuance costs	6,000	0	0	0	7,906
Repurchases of common stock	−12,596	−7,829	−7,620	−4,000	0
Payments for taxes related to net share settlement of equity awards	−351	0	0	—	—
Proceeds from employee stock plans	1,039	1,540	1,954	861	1,289
Principal payments on financing obligations	−584	−603	−629	−419	−156
Repayments of debt	0	−1,000	−1,182	−4	−4
Payments of dividends and dividend equivalents	−1,587	−1,537	0	0	—
Net cash used in financing activities	−8,079	−9,429	−7,477	−3,562	7,838
Effect of exchange rate changes	152	−124	26	−8	−33
Net increase (decrease) in cash and cash equivalents	−1,521	376	1,456	1,552	−731
Interest	276	233	254	275	187
Income taxes, net of tax refunds	1,282	2,061	1,027	510	196

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 5 positions

Reported AUM

$222.22M

Holdings

Top sector

$222.22M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$222.22M	100.0%

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