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Salesforce (CRM) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 5, 2025
Salesforce (CRM) reported revenue of $10.0B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +6% from the quarter before. Operating margin was 18.2%, net earnings $1.7B (17.1% of revenue).
Salesforce, Q4 FY25: revenue $10.0B (+8% year over year), operating margin 18.2%, net earnings $1.7B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.0B | +6% | +8% |
| Gross profit | $7.8B | +6% | +9% |
| Operating profit | $1.8B | -4% | +12% |
| Net earnings | $1.7B | +12% | +18% |
| Operating cash flow | $4.0B | +100% | +17% |
| Free cash flow | $3.8B | +115% | +17% |
What changed
Revenue was $10.0B in Q4 FY25, up 8% year over year and up 6% from the previous quarter. Service was the largest line at 23% of revenue.
Gross margin was 77.8%, up 0.9 points from a year earlier. Operating profit was $1.8B, a 18.2% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 28% reached operating profit, above the 17% margin then. Operating expenses grew 8% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+72%). Net earnings were $1.7B, up 18% year over year. The effective tax rate was 14.1%.
Operating cash flow was $4.0B (up 17% year over year), 232% of net earnings. Non-cash charges added back $0.88B of depreciation and amortization and $0.80B of share-based compensation. Working capital and other items added $0.58B. Capital expenditures of $0.15B left free cash flow of $3.8B.
Questions
What was Salesforce's revenue in the fourth quarter fiscal 2025?
Salesforce (CRM) reported revenue of $10.0B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier and +6% from the quarter before.
Was Salesforce profitable in the fourth quarter fiscal 2025?
Operating profit was $1.8B (18.2% of revenue) and net earnings $1.7B.
Source: Salesforce 10-K on SEC EDGAR.