Salesforce (CRM) FY2024 results: revenue $34.9 billion, up 11.2% on the year
Salesforce, Inc. (CRM) reported revenue of $34.9 billion for fiscal 2024, the year ended 31 January 2024, up 11.2% on the year before. Net income was $4.1 billion, up 1888.5%, and diluted earnings per share $4.20. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2024.
Revenue
$34.9 billion
+11.2% on the year
FY2017FY2024
Operating margin
14.4%
3.3% a year earlier
FY2017FY2024
Net income
$4.1 billion
+1,888.5% on the year
FY2017FY2024
Diluted EPS
$4.20
+1,900.0% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
10,234
7,111
6,000
+43.9%
Capital expenditure
736
798
717
-7.8%
Free cash flow
9,498
6,313
5,283
+50.5%
Free cash flow margin
27.2%
20.1%
19.9%
Cash from investing
-1,327
-1,989
-14,536
Cash from financing
-7,477
-3,562
7,838
Depreciation and amortisation
1,100
903
678
+21.8%
Share-based compensation
2,787
3,279
2,779
-15.0%
Buybacks
7,620
4,000
0.0
+90.5%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
984m
997m
974m
-1.3%
Shares outstanding at period end
971m
1,009m
989m
-3.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
59,646
58,359
58,131
+2.2%
Debt
9,426
10,601
10,596
-11.1%
Operating lease liabilities
2,644
2,897
2,703
-8.7%
Finance lease liabilities
602
534
271
+12.7%
Other liabilities
27,505
26,458
23,508
+4.0%
Total liabilities and equity
99,823
98,849
95,209
+1.0%
Goodwill
48,620
48,568
47,937
+0.1%
Intangible assets
5,278
7,125
8,978
-25.9%
Investments
5,722
5,492
5,073
+4.2%
Cash and equivalents
8,472
7,016
5,464
+20.8%
Receivables
11,414
10,755
9,739
+6.1%
Other assets
20,317
19,893
18,018
+2.1%
Total assets
99,823
98,849
95,209
+1.0%
10-K for the year ended 31 January 2024, filed 6 March 2024: the filing.