Salesforce (CRM) FY2025 results: revenue $37.9 billion, up 8.7% on the year
Salesforce, Inc. (CRM) reported revenue of $37.9 billion for fiscal 2025, the year ended 31 January 2025, up 8.7% on the year before. Net income was $6.2 billion, up 49.8%, and diluted earnings per share $6.36. The figures are the company's own, from the 10-K it filed with the SEC on 5 March 2025.
Revenue
$37.9 billion
+8.7% on the year
FY2018FY2025
Operating margin
19.0%
14.4% a year earlier
FY2018FY2025
Net income
$6.2 billion
+49.8% on the year
FY2018FY2025
Diluted EPS
$6.36
+51.4% on the year
FY2018FY2025
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
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
13,092
10,234
7,111
+27.9%
Capital expenditure
658
736
798
-10.6%
Free cash flow
12,434
9,498
6,313
+30.9%
Free cash flow margin
32.8%
27.2%
20.1%
Cash from investing
-3,163
-1,327
-1,989
Cash from financing
-9,429
-7,477
-3,562
Depreciation and amortisation
1,000
1,100
903
-9.1%
Share-based compensation
3,183
2,787
3,279
+14.2%
Buybacks
7,829
7,620
4,000
+2.7%
Dividends paid
1,537
0.0
0.0
Diluted shares, weighted
974m
984m
997m
-1.0%
Shares outstanding at period end
962m
971m
1,009m
-0.9%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
61,173
59,646
58,359
+2.6%
Debt
8,433
9,426
10,601
-10.5%
Operating lease liabilities
2,380
2,644
2,897
-10.0%
Finance lease liabilities
341
602
534
-43.4%
Other liabilities
30,601
27,505
26,458
+11.3%
Total liabilities and equity
102,928
99,823
98,849
+3.1%
Goodwill
51,283
48,620
48,568
+5.5%
Intangible assets
4,428
5,278
7,125
-16.1%
Investments
5,184
5,722
5,492
-9.4%
Cash and equivalents
8,848
8,472
7,016
+4.4%
Receivables
11,945
11,414
10,755
+4.7%
Other assets
21,240
20,317
19,893
+4.5%
Total assets
102,928
99,823
98,849
+3.1%
10-K for the year ended 31 January 2025, filed 5 March 2025: the filing.