Salesforce Financials

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Most recent Salesforce SEC filings

The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of every value below; the others are surfaced for transparency.

6 material filings have been filed since the anchor 10-K above (4 8-K, 1 DEF 14A, 1 ARS). The financial metrics on this page (revenue, R&D, RPO, capital returns, cash) reflect what's been disclosed at fiscal-year-end; quarterly cuts in the 10-Qs filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY values shown.

Annual revenue

As reported on the consolidated statement of operations in each year's 10-K. Salesforce's fiscal year ends January 31, so FY2026 covers Feb 1, 2025 – Jan 31, 2026 (mostly calendar 2025). Sourced live from SEC EDGAR XBRL; the underlying tag is RevenueFromContractWithCustomerExcludingAssessedTax (post-ASC-606) with a fallback to Revenues for older years. Revenue includes both Subscription & support (~95% of FY2026 revenue) and Professional services & other (~5%).

Subscription revenue by cloud

Salesforce's five subscription cloud-by-cloud lines: Sales (the original Sales Cloud), Service (Service Cloud), Platform & Other (Lightning Platform, Heroku, Slack, Industry Clouds, Informatica), Marketing & Commerce (Marketing Cloud, Commerce Cloud, Pardot), and Integration & Analytics (Tableau, MuleSoft). Hand-curated from each 10-K's MD&A 'Subscription and Support Revenues by Service Offering' table; EDGAR companyfacts does not expose this disaggregated split. Salesforce renamed every offering with an 'Agentforce' prefix in Q3 FY2026 with no allocation change. Professional services revenue (~5% of total revenue) is not part of this stack and is shown separately on the Annual revenue chart.

Cloud breakdown restructured FY2022. Pre-FY2022 Salesforce reported four service offerings (no separate Data segment); the chart below starts at FY2022, the first fiscal year of the modern five-offering shape. The Tableau (closed Aug 2019) and MuleSoft (closed May 2018) revenue lives in the Integration & Analytics line; Slack (closed July 2021) and Informatica (closed November 2025) revenue lives in the Platform & Other line.

RPO and cRPO — the forward-bookings indicator

Remaining Performance Obligation (RPO) is all future revenue under contract that has not yet been recognized as revenue — a forward indicator of the revenue Salesforce has already booked but not yet delivered. Current RPO (cRPO) is the portion of RPO Salesforce expects to recognize as revenue within the next 12 months — the most-watched single line in each Salesforce earnings print, since it carries the most signal about near-term revenue trajectory.

Total RPO is sourced live from SEC EDGAR XBRL (RevenueRemainingPerformanceObligation); cRPO is hand-curated from each 10-K's MD&A narrative because cRPO is not separately tagged in EDGAR companyfacts. Salesforce's RPO has strong sawtooth seasonality — it jumps up in Q4 (heavy enterprise renewal cycle, with most multi-year contracts renewing alongside the calendar fiscal year), and steps down through Q1–Q3. The points below are fiscal-year-end snapshots only.

Operating margin — GAAP and non-GAAP

The defining recent Salesforce financial story: a step-change from low-single-digit GAAP operating margin (and high-teens non-GAAP) through FY2022 to 20.1% GAAP / 34.1% non-GAAP in FY2026. The inflection between FY2023 and FY2024 (3.3% → 14.4% GAAP, 22.5% → 30.5% non-GAAP) is the financial signature of the late-2022 / early-2023 activist-pressure period — what Salesforce framed publicly as the 'Year of Margin Discipline.' Five activist investors (Elliott, Starboard, Inclusive Capital, Third Point, ValueAct) built positions in late 2022; Salesforce responded with a January 2023 ~10% workforce reduction, a sustained margin-expansion program, and the company's first-ever buyback authorization (March 2023) and dividend (initiated FY2025 / February 2024).

Salesforce's non-GAAP operating margin excludes (1) amortization of purchased intangibles, (2) stock-based compensation, and (3) restructuring and acquisition-related costs — exactly as defined in Salesforce's earnings press release reconciliation tables. Non-GAAP figures are not in EDGAR XBRL and are hand-curated from each year's Q4 8-K earnings press release; GAAP margins are pinned to the same press release for consistent rounding (and would otherwise reconcile to live EDGAR figures within rounding tolerance).

Acquisition-attributable revenue (year of close)

Salesforce typically discloses the first-year revenue contribution of a major acquisition in the 10-K MD&A (or in the Q4 earnings press release). After the year of acquisition, the target's revenue is folded into the relevant cloud-by-cloud line and is not separately disclosed — Salesforce does not maintain standalone Tableau, Slack, or MuleSoft revenue series. The bars below show only the partial-year contributions Salesforce explicitly disclosed.

Headcount

Year-end full-time employee count as disclosed in each year's 10-K 'Human Capital' section. The FY2022 jump (~+17k) reflects the July 2021 Slack closing (~2,500 added on close, plus organic hiring across the COVID growth surge). The FY2023 → FY2024 drop (79,390 → 72,682) reflects the January 2023 ~10% workforce reduction announced under activist pressure plus continuing post-restructure rightsizing. The FY2025 → FY2026 climb to 83,334 reflects targeted Agentforce-era hiring and the November 2025 Informatica close, partially offset by a smaller February 2025 workforce reduction of ~1,000 employees.

R&D spending

Annual research-and-development expense. Bar height is absolute dollars; the percentage in each label is R&D as a share of revenue. Salesforce R&D has stayed in the 14–15% of revenue range across the activist-pressure period — the 'Year of Margin Discipline' tightened operating margin without cutting platform investment. Sourced live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).

Stock-based compensation

Annual stock-based compensation expense. Bar height is absolute dollars; the percentage in each label is SBC as a share of revenue. SBC is the single largest reconciling item between Salesforce's GAAP and non-GAAP operating margin (the gap is roughly the SBC %). Salesforce's SBC has historically run in the high-single-digit / low-double-digit percent of revenue range — large in absolute terms relative to GAAP earnings, which is why the GAAP-to-non-GAAP gap matters. Sourced live from SEC EDGAR XBRL (ShareBasedCompensation).

Capital returns: buybacks & dividends

Cash returned to shareholders. Salesforce had no buyback or dividend program until activist pressure in late 2022 / early 2023 forced both. The first ever buyback authorization ($10B) was announced March 1, 2023; the first ever dividend ($0.40/share quarterly) was initiated February 28, 2024. The dividend was raised to $0.44/share in February 2026 and a fresh $50B buyback authorization was put in place at the same time. Cumulative across the years shown below: $35.17B. Both series sourced live from SEC EDGAR XBRL.

Major acquisitions

Headline transaction values from announcement, in USD billions. Acquisition-attributable revenue is rolled into the cloud-by-cloud line that absorbs the target after the year of close (see the chart above for partial-year contributions in the year of acquisition). Salesforce does not maintain Tableau-, Slack-, or MuleSoft-standalone revenue series after the year-of-acquisition disclosure.

Other metrics

Operating income, net income, operating cash flow, capital expenditures (PP&E), and year-end cash & equivalents — the standard 10-K-derived secondary metrics. Last ten fiscal years shown. Salesforce's capex line is consistently small relative to revenue (~1–2%) because the company runs its services on third-party hyperscaler infrastructure (AWS / GCP / Hyperforce) rather than building its own datacenters at hyperscaler scale. All values pulled live from SEC EDGAR XBRL.

Key events on the revenue timeline

IPO, major acquisitions, the activist-pressure period, capital-returns inflection, and the Agentforce launch — the events that shape the revenue, RPO, and margin arcs above.

Methodology & data sources