Salesforce (CRM) Cost of Revenue (2009 - 2026)
Salesforce (CRM) recorded Cost of Revenue of $2.65 billion in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 18.2% from $2.24 billion a year earlier and up 3.1% from the prior quarter.
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Analysis
Salesforce (CRM) Cost of Revenue (2009 - 2026) Analysis & Trends
On a TTM basis, Salesforce's Cost of Revenue came in at $9.98 billion as of Jul 31, 2026, up 13.1% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $9.27 billion, up 7.3% from FY2025.
- Annual Cost of Revenue has increased for 17 straight fiscal years, with a five-year compound annual growth rate of 11.3% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $8.64 billion in FY2025 (+1.2%), $8.54 billion in FY2024 (+2.2%), $8.36 billion in FY2023 (+19.0%) and $7.03 billion in FY2022 (+29.2%).
- The fiscal Q2 2027 figure is the highest quarterly Cost of Revenue in data going back to fiscal Q4 2009.
- On a year-over-year basis, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 7.7% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 36.2% in fiscal Q4 2022, against a decline of 2.3% in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $2.57 billion (Q1 2027), $2.51 billion (Q4 2026) and $2.26 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 296.87 Mn |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | - |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | 3.08 Bn |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 2.65 Bn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 1.17 Bn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | 2.96 Bn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 910.00 Mn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | 40.82 Mn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 2.65 Bn |
| Apr 30, 2026 | 2.57 Bn |
| Jan 31, 2026 | 2.51 Bn |
| Oct 31, 2025 | 2.26 Bn |
| Jul 31, 2025 | 2.24 Bn |
| Apr 30, 2025 | 2.27 Bn |
| Jan 31, 2025 | 2.22 Bn |
| Oct 31, 2024 | 2.11 Bn |
| Jul 31, 2024 | 2.16 Bn |
| Apr 30, 2024 | 2.16 Bn |
| Jan 31, 2024 | 2.15 Bn |
| Oct 31, 2023 | 2.16 Bn |
| Jul 31, 2023 | 2.11 Bn |
| Apr 30, 2023 | 2.13 Bn |
| Jan 31, 2023 | 2.10 Bn |
| Oct 31, 2022 | 2.09 Bn |
| Jul 31, 2022 | 2.13 Bn |
| Apr 30, 2022 | 2.05 Bn |
| Jan 31, 2022 | 2.01 Bn |
| Oct 31, 2021 | 1.84 Bn |
API Access
Salesforce Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CRM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();