Salesforce stock holds steady as fiscal 2026 growth and cash flow stay central

Salesforce stock remains tied to fiscal 2026 revenue, margin, and cash flow trends after the latest reported results. The company posted $37.9 billion in fiscal 2025 revenue and $8.0 billion in operating cash flow, while fiscal 2026 guidance points to $41.0 billion to $41.3 billion.

Salesforce (ISIN US79466L3024) stock is anchored by fiscal 2025 revenue of $37.9 billion and operating cash flow of $8.0 billion, with fiscal 2026 guidance calling for $41.0 billion to $41.3 billion in revenue. The latest investor materials also frame the company around a non-GAAP operating margin target of 34.0% for fiscal 2026 and a full-year current remaining performance obligation of $28.8 billion at the end of fiscal 2025.

Revenue up 8 percent

According to Salesforce investor materials, fiscal 2025 revenue rose 8% year over year to $37.9 billion, while operating cash flow reached $8.0 billion for the same period. The company said fiscal 2026 revenue is expected between $41.0 billion and $41.3 billion, implying another year of growth if that range is achieved.

The comparison matters because the guidance range is roughly $3.1 billion to $3.4 billion above fiscal 2025 revenue. That gives investors a simple read on scale before any debate about valuation or sentiment.

Margin target at 34 percent

Salesforce also guided to a fiscal 2026 non-GAAP operating margin of 34.0%, up from the profitability level implied by its fiscal 2025 results. The company said current remaining performance obligation stood at $28.8 billion at the end of fiscal 2025, a backlog-style measure that helps frame future billings momentum.

That combination of a 34.0% margin target and $28.8 billion in remaining performance obligation keeps the focus on execution rather than headline growth alone. For a large software vendor, the market usually treats those two numbers as the clearest check on durability.

Cash flow still leads

Operating cash flow of $8.0 billion in fiscal 2025 remained one of the cleanest evidence points in the latest report. It also gives a direct comparison with the $37.9 billion revenue base, showing that Salesforce continued to convert a meaningful share of sales into cash.

The reported numbers point to a company that is still scaling, but with a more mature profit profile than many software peers. That matters because the next stock move usually depends less on product narrative than on whether growth, margin, and cash flow stay aligned.

Product focus: Agentforce

Salesforce has been positioning Agentforce as a central product theme in its broader software stack, linking automation and customer workflows to its enterprise platform. In investor language, the product matters because it connects the company's revenue base with the next phase of operating leverage.

That is the practical lens for the stock: the product story only matters insofar as it helps support the fiscal 2026 revenue range of $41.0 billion to $41.3 billion and the 34.0% margin goal. The numbers remain the real reference point.

Stock setup and venue

Salesforce trades on the New York Stock Exchange under CRM, and the company belongs to the software application segment within the broader technology sector. The market value line and the latest quote are not included here because the current call delivered no dated venue quote, so the stock view rests on the reported fiscal metrics instead.

Salesforce company facts

• Company: Salesforce, Inc.
• ISIN: US79466L3024
• Ticker: NYSE: CRM
• Trading venue: New York Stock Exchange
• Sector / Industry: Information Technology / Application Software
• Index membership: S&P 500