Salesforce (CRM) FY2022 results: revenue $26.5 billion, up 24.7% on the year
Salesforce, Inc. (CRM) reported revenue of $26.5 billion for fiscal 2022, the year ended 31 January 2022, up 24.7% on the year before. Net income was $1.4 billion, down 64.5%, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2022.
Revenue
$26.5 billion
+24.7% on the year
FY2015FY2022
Operating margin
2.1%
2.1% a year earlier
FY2015FY2022
Net income
$1.4 billion
-64.5% on the year
FY2015FY2022
Diluted EPS
$1.48
-66.2% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
6,000
4,801
4,331
+25.0%
Capital expenditure
717
710
643
+1.0%
Free cash flow
5,283
4,091
3,688
+29.1%
Free cash flow margin
19.9%
19.2%
21.6%
Cash from investing
-14,536
-3,971
-2,980
Cash from financing
7,838
1,194
164
+556.4%
Depreciation and amortisation
678
579
455
+17.1%
Share-based compensation
2,779
2,190
1,785
+26.9%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
974m
930m
850m
+4.7%
Shares outstanding at period end
989m
919m
893m
+7.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
58,131
41,493
33,885
+40.1%
Debt
10,596
2,677
2,694
+295.8%
Operating lease liabilities
2,703
2,842
2,445
-4.9%
Finance lease liabilities
271
93.0
332
+191.4%
Other liabilities
23,508
19,196
15,770
+22.5%
Total liabilities and equity
95,209
66,301
55,126
+43.6%
Fixed assets
n/a
2,459
2,375
Goodwill
47,937
26,318
25,134
+82.1%
Intangible assets
8,978
4,114
4,724
+118.2%
Investments
5,073
5,771
3,802
-12.1%
Cash and equivalents
5,464
6,195
4,145
-11.8%
Receivables
9,739
7,786
6,174
+25.1%
Other assets
18,018
13,658
8,772
+31.9%
Total assets
95,209
66,301
55,126
+43.6%
10-K for the year ended 31 January 2022, filed 11 March 2022: the filing.