CRM·Application Software / Enterprise SaaS

Salesforce

ConvictionModerate

Subscription + support (~93% of revenue), seat + consumption (Agentforce Flex Credits) hybrid; multi-product land-and-expand

Revenue

$41.5B FY26yr ended Jan 31, 2026, +10% Y/Y); $11.1B Q1 FY27 (+13% Y/Y incl. Informatica

Rev growth

+10% FY26+13% Q1 FY27 (~10% organic ex-Informatica

Gross margin

~78%FY26 GAAP

Op margin

GAAP 21.1% / non-GAAP 34.8%Q1 FY27

Capex intensity

low~1-2% of revenue (asset-light SaaS

Market cap

~$128BJun 26, 2026

Price · 1-year trend

real · weekly

$157-43% 1yUSD

52-week range

$146 – $277

52w lowas of 2026-06-26 · Yahoo Finance52w high

Across the boards

The thesis on this name

subject

AI Compute Value-Chain

Full context

The read

Where our coverage leans

Coverage leans bullish

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Full financial intelligence for Salesforce

Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.

Income statement & margin structure
SWOT, moats & dependency map
Supplier–customer ecosystem graph
Signals, trends & valuation range

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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence