Loading…
Loading…
$240.70
Market Capi
$203B
Growth-adj P/E (3-yr hist)i
0.1x
Growth-adj P/E (3-yr proj)i
2.3x
P/S 27Ei
4.4x
P/S 29Ei
3.6x
EV/EBIT 27Ei
14x
EV/EBIT 29Ei
11x
P/E 27Ei
24x
P/E 29Ei
21x
P/S 27Ei
4.4x
EV/EBIT 27Ei
14x
P/E 27Ei
24x
P/S 29Ei
3.6x
EV/EBIT 29Ei
11x
P/E 29Ei
21x
Revenue
2027E
$46B
Gross Margini
78%
Hist. CAGRi
9.8%
Proj. CAGRi
10%
EBIT
2027E
$16B
Op. Margini
21%
Hist. CAGRi
69%
Proj. CAGRi
31%
Net profit
2027E
$8.6B
Net Margini
18%
Hist. CAGRi
230%
Proj. CAGRi
9.1%
Business Model
Recent Developments
Average Targeti
$283.36+21%
Consensusi
Buy
54 analysts covering
Net debti
$26B
Div. Yieldi
0.7%
Buyback Yldi
2.1%
Market Capi
$203B
P/E 27Ei
24x
Adj. P/E (fwd.)i
2.3x
Revenue 27E
$46B
Proj. CAGRi
10%
Gross Margini
78%
EBIT 27E
$16B
Proj. CAGRi
31%
Op. Margini
21%
Net Profit 27E
$8.6B
Proj. CAGRi
9.1%
Net Margini
18%
Average Targeti
$283.36+21%
Consensusi
Buy
54 analysts covering
Profile
Salesforce is the world's largest CRM software vendor, delivering cloud-based applications for sales, service, marketing, commerce, and analytics. Revenue is almost entirely subscription-based, with professional services as a small complement.
Industry
Salesforce sells primarily to mid-market and large enterprises across virtually every vertical — financial services, healthcare, retail, manufacturing, and technology. The Americas account for roughly two-thirds of revenue, with Europe (~24%) and Asia-Pacific (~10%) providing meaningful international diversification. The market is highly competitive but also highly sticky: enterprise CRM deployments involve years of customization and deep workflow integration, making churn structurally low and contract sizes large.
Key metrics
Economic moat
Switching costs are the dominant moat. Enterprise customers build years of customized workflows, integrations, and data structures on top of Salesforce's platform — migrating to a competitor requires rebuilding that institutional layer from scratch. The breadth of the Customer 360 suite (sales, service, marketing, data, AI) reinforces lock-in by making Salesforce a single system of record across multiple departments. Slack further deepens internal collaboration dependency. The AppExchange ecosystem of third-party ISVs adds a network-effect dimension: more apps attract more customers, which attracts more developers.
Marc Benioff
Benioff co-founded Salesforce in 1999 after a 13-year career at Oracle, where he worked directly under Larry Ellison. He pioneered the subscription-based SaaS delivery model for enterprise software at a time when on-premise licensing dominated the market. He has served as CEO continuously since inception and remains the company's most visible strategic voice, most recently positioning the Agentforce and Claudeforce AI initiatives as the company's next platform transition.
Parker Harris
Harris co-founded Salesforce alongside Benioff in 1999 and led the platform's technical architecture for over two decades, including stints overseeing engineering, infrastructure, and security, most recently as head of engineering for the Slack business unit. He has since stepped back from day-to-day technical leadership into an advisory role to the CEO, while remaining on the board he joined in 2018.
Robin Washington
Washington joined Salesforce's board in 2013 and served as Lead Independent Director from 2022 to 2025 before moving into an executive role as President and Chief Operating and Financial Officer in March 2025, overseeing business strategy, global finance, marketing, and workplace operations. She previously spent over a decade as Executive Vice President and Chief Financial Officer of Gilead Sciences and also serves on Alphabet's board.
Other key figures
Patrick Stokes is President, Applications and Marketing, leading product and go-to-market strategy for the Agentforce and Applications suite. David Schmaier is President and Chief Strategy Officer, overseeing M&A, venture investing, and market strategy. Sabastian Niles is President and Chief Legal Officer, having joined the company in 2023 after a partnership at Wachtell, Lipton, Rosen & Katz.
P/S Ratioi
EV/EBITi
P/E RatioiP/E values for 2022 and 2023 were omitted from this chart because negative or above 150x values usually occur around break-even earnings and would distort the scale. The raw values remain in the table below.
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBIT
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profit
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in billions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash Flow
CAPEX
Values in billions of USD.
Margins
Rentability
Balance sheet
Values in billions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Last earnings
Salesforce's fiscal second-quarter 2027 results, reported August 26, 2026 for the quarter ended July 31, 2026, showed revenue of $11.3 billion, up 11% year-over-year, above the high end of prior guidance and including a $456 million contribution from the Informatica acquisition.
Non-GAAP diluted EPS came in at $5.90, well above the $3.27 consensus estimate, though the beat was boosted by a roughly $2.6 billion mark-to-market gain on Salesforce's equity stake in Anthropic; GAAP diluted EPS was $4.29.
The standout metric was AI monetization: combined Agentforce and Data 360 annualized revenue approached $3.9 billion, up more than 210% year-over-year, with Agentforce ARR alone exceeding $1.5 billion.
Management raised full-year fiscal 2027 revenue guidance to $46.1-$46.4 billion, citing organic growth plus the pending Contentful and Fin acquisitions, partially offset by currency headwinds.
Recent developments
Debate & sentiment
Bears argue that agentic AI could erode the seat-based licensing model Salesforce has relied on since 1999, since AI agents let customers accomplish more work with fewer human users and software seats — a thesis behind a broad enterprise-software sell-off earlier in 2026.
Bulls counter that Agentforce and Data 360 growth above 200% year-over-year shows AI is additive rather than cannibalistic to the core platform, with management directly rejecting the seat-erosion narrative on the earnings call.
Sell-side sentiment has turned incrementally more constructive since mid-2026, with at least one prior skeptic upgrading the stock on the view that an extinction scenario had been overpriced into the shares relative to continued double-digit growth and cash generation.
Consensusi
Buy
Average targeti
$283.36+21%
Highest targeti
$475.00+102%
Lowest targeti
$160.00-32%
Nice, you made it all the way through!
Free for 14 days, then $9/month for every report, every metric, and every feature. Straightforward, as it should be. Future additions included. Cancel anytime.