YouTube · Q2 2026 · 2026-07-23
CRM · NYSE
Salesforce
Software - Application · United States
- Market cap (USD)
- US$195.81B
- Trailing P/E
- 21.79x
- Forward P/E
- 14.86x
- Quarterly revenue growth
- 10.8%
- Trailing net margin
- 22.0%
- Indicated dividend yield
- 0.7%
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-12-02 (provider estimate, not issuer-confirmed).
Company background
Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time. It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs. It serves financial services, healthcare and life sciences, manufacturing, automotive, and government sectors. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.
Company websiteQ2 FY2027
Go beyond the headline.
Comparable businesses
CRM peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CRMSalesforce, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 | NOWServiceNow, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | WDAYWorkday, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$195.81B | US$140.06B | US$46.72B |
| Forward P/EProvider forward earnings estimate | 14.86x | 27.06x | 14.66x |
| EV / EBITDAEnterprise value / trailing EBITDA | 17.58x | 49.65x | 29.69x |
| Revenue growthLatest quarter vs prior-year quarter | 10.8% | 24.0% | 12.8% |
| Operating marginLatest reported quarter | 21.4% | 4.1% | 11.8% |
| Free cash flow yieldTrailing cash flow / market cap | 9.1% | 3.7% | 6.5% |
| Net debt / EBITDANet debt / trailing EBITDA | 2.40x | 1.31x | 0.23x |
| Debt / equityTotal debt / positive book equity | 1.10x | 0.68x | 0.58x |
| Trailing P/ETrailing twelve-month earnings | 21.79x | 84.67x | 39.57x |
| Price / bookPrice / positive book equity per share | 5.10x | 11.19x | 7.22x |
| EV / salesEnterprise value / trailing revenue | 5.16x | 9.76x | 4.64x |
| Earnings growthLatest quarter vs prior-year quarter | 118.9% | -21.9% | 206.0% |
| Gross marginTrailing twelve months | 77.3% | 74.8% | 75.8% |
| Net marginTrailing twelve months | 22.0% | 11.3% | 12.3% |
| Return on equityProvider trailing return; positive equity only | 19.4% | 14.2% | 16.0% |
| Free cash flow marginTrailing free cash flow / revenue | 40.4% | 35.0% | 30.0% |
| Dividend yieldIndicated annual dividend / price | 0.7% | — | — |
| Earnings payoutProvider trailing dividend payout | 15.7% | 0.0% | 0.0% |
| Current ratioCurrent assets / current liabilities | 0.84x | 0.70x | 0.91x |
| BetaProvider historical market sensitivity | 1.20 | 0.97 | 1.08 |
YouTube · Q2 2026 · 2026-07-23
YouTube · Q2 FY2027 · 2026-08-30
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CRM
Q2 FY20272026-08-30
CRM Stock: HOLD Call - $2.7B of the Profit Was a Private Markup Q2 FY2027
Presentation · 2026-08-30 · YouTube
Short takes Q2 FY2027
CRM Stock: Salesforce Q2 FY2027 - The Profit It Did Not Earn
Watch Short on YouTube
Q1 FY20272026-05-27
CRM Stock: BUY Call - Agentforce $1.2B ARR +205% Q1 FY2027
Presentation · 2026-05-27 · YouTube
CRM Stock: BUY Call - Agentforce $1.2B ARR +205% Q1 FY2027
Presentation · 2026-05-27 · YouTube
Q4 FY20262026-04-13
Charged Alpha | Salesforce (CRM) | Q4 FY2026 Earnings Deep Dive -- Ep. 114
Presentation · 2026-04-13 · YouTube
Q1 2026
CRM Q1 2026 earnings analysis · No verified episode link yet.