Salesforce cash flow statement

In fiscal 2026, Salesforce's operations generated $15.00bn of cash; it spent $594m on capital projects, leaving free cash flow of $14.40bn. It returned $1.59bn in dividends and $12.60bn through buybacks.

Cash flow statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Salesforce: cash flow statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Jan 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Jan 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Cash from operations	0.3	0.5	0.6	0.7	0.9	1.2	1.7	2.2	2.7	3.4	4.3	4.8	6.0	7.1	10.2	13.1	15.0	15.8
Depreciation and amortisation	0.1	0.1	0.2	0.2	0.4	0.4	0.5	0.6	0.4	0.4	0.5	0.6	0.7	0.9	1.1	1.0	1.2	1.5
Stock-based pay	0.1	0.1	0.2	0.4	0.5	0.6	0.6	0.8	1.0	1.3	1.8	2.2	2.8	3.3	2.8	3.2	3.5	3.7
Capital spending	0.0	0.1	0.2	0.2	0.3	0.3	0.3	0.5	0.5	0.6	0.6	0.7	0.7	0.8	0.7	0.7	0.6	0.6
Free cash flow	0.2	0.4	0.4	0.6	0.6	0.9	1.4	1.7	2.2	2.8	3.7	4.1	5.3	6.3	9.5	12.4	14.4	15.2
Free cash flow after stock pay	0.1	0.2	0.2	0.2	0.1	0.3	0.8	0.9	1.2	1.5	1.9	1.9	2.5	3.0	6.7	9.3	10.9	11.5
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	1.5	1.6	1.5
Share buybacks	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	4.0	7.6	7.8	12.6	35.1

US$ millions unless shown otherwise. Fiscal quarters.

Salesforce: cash flow statement, quarterly
Quarter	2025 Q3Oct 2024	2025 Q4Jan 2025	2026 Q1Apr 2025	2026 Q2Jul 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1Apr 2026	2027 Q2Jul 2026
Cash from operations	1,983	3,970	6,476	740	2,316	5,464	6,701	1,269
Depreciation and amortisation	814	−1,600	843	817	851	−1,311	985	966
Stock-based pay	820	803	814	793	819	1,083	857	906
Capital spending	204	154	179	135	139	141	145	171
Free cash flow	1,779	3,816	6,297	605	2,177	5,323	6,556	1,098
Free cash flow after stock pay	959	3,013	5,483	−188	1,358	4,240	5,699	192

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Salesforce's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Salesforce.