Salesforce (CRM) Operating Leases (2019 - 2026)
Salesforce (CRM) reported Operating Leases of $1.92 billion for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 13.4% from $2.22 billion a year earlier and down 6.0% from the prior quarter.
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Analysis
Salesforce (CRM) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2026 (ended Jan 31, 2026), Salesforce posted Operating Leases of $2.19 billion, down 8.0% from FY2025.
- Operating Leases has declined for three consecutive fiscal years, with a five-year compound annual growth rate of -5.1% (FY2021 to FY2026).
- By fiscal year, Operating Leases came in at $2.38 billion in FY2025 (-10.0%), $2.64 billion in FY2024 (-8.7%), $2.9 billion in FY2023 (+7.2%) and $2.7 billion in FY2022 (-4.9%).
- The fiscal Q2 2027 figure ranks as the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- Year over year, Operating Leases has now declined in each of the last 12 quarters, with an average decline of 10.3% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was fiscal Q3 2022 (growth of 13.3%); the low point was fiscal Q2 2025 (a decline of 16.1%).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $2.05 billion (Q1 2027), $2.19 billion (Q4 2026) and $2.14 billion (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.92 Bn |
| Apr 30, 2026 | 2.05 Bn |
| Jan 31, 2026 | 2.19 Bn |
| Oct 31, 2025 | 2.14 Bn |
| Jul 31, 2025 | 2.22 Bn |
| Apr 30, 2025 | 2.34 Bn |
| Jan 31, 2025 | 2.38 Bn |
| Oct 31, 2024 | 2.42 Bn |
| Jul 31, 2024 | 2.40 Bn |
| Apr 30, 2024 | 2.52 Bn |
| Jan 31, 2024 | 2.64 Bn |
| Oct 31, 2023 | 2.76 Bn |
| Jul 31, 2023 | 2.87 Bn |
| Apr 30, 2023 | 2.88 Bn |
| Jan 31, 2023 | 2.90 Bn |
| Oct 31, 2022 | 2.83 Bn |
| Jul 31, 2022 | 2.58 Bn |
| Apr 30, 2022 | 2.73 Bn |
| Jan 31, 2022 | 2.70 Bn |
| Oct 31, 2021 | 2.72 Bn |
API Access
Salesforce Operating Leases 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=operating-leases&ticker=CRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=CRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();