Salesforce (CRM) Operating Margin (2009 - 2026)
Salesforce's Operating Margin was 20.55% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 2.24 percentage points from 22.78% a year earlier and down 0.53 percentage points from the prior quarter.
Salesforce (CRM) Operating Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Salesforce's Operating Margin was 19.88% through Jul 31, 2026, down 0.34 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 20.06%, up 1.05 percentage points from FY2025.
- Operating Margin has now increased for four consecutive fiscal years, with a five-year change of +17.92 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Operating Margin was 19.01% in FY2025 (+4.64 pp), 14.38% in FY2024 (+11.09 pp), 3.29% in FY2023 (+1.22 pp) and 2.07% in FY2022 (-0.07 pp).
- Quarterly Operating Margin has moved between -2.40% (fiscal Q4 2022) and 22.78% (fiscal Q2 2026) over five years.
- Compared with a year earlier, Operating Margin was higher in six of the last eight quarters, with an average year-over-year change of +0.89 percentage points.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q2 2024 (a gain of 14.66 percentage points); the worst was fiscal Q4 2022 (a drop of 5.72 percentage points).
- Per Business Quant data, CRM's Operating Margin in the three fiscal quarters before Q2 2027 was 21.08% (Q1 2027), 16.69% (Q4 2026) and 21.33% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 47.12% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 34.78% |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 26.76% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 20.55% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 4.06% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | -33.33% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 10.91% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -6,808.11% |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn | 11.82% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 20.55% |
| Apr 30, 2026 | 21.08% |
| Jan 31, 2026 | 16.69% |
| Oct 31, 2025 | 21.33% |
| Jul 31, 2025 | 22.78% |
| Apr 30, 2025 | 19.76% |
| Jan 31, 2025 | 18.21% |
| Oct 31, 2024 | 20.04% |
| Jul 31, 2024 | 19.12% |
| Apr 30, 2024 | 18.71% |
| Jan 31, 2024 | 17.47% |
| Oct 31, 2023 | 17.21% |
| Jul 31, 2023 | 17.16% |
| Apr 30, 2023 | 5.00% |
| Jan 31, 2023 | 4.26% |
| Oct 31, 2022 | 5.87% |
| Jul 31, 2022 | 2.50% |
| Apr 30, 2022 | 0.27% |
| Jan 31, 2022 | -2.40% |
| Oct 31, 2021 | 0.55% |
Salesforce Operating Margin 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-margin&ticker=CRM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=CRM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();