Salesforce (CRM) Operating Margin (2009 - 2026)
Salesforce's (CRM) quarterly Operating Margin came in at 21.08% in Q2 2026, up 132.0% YoY from 9.09% in Q2 2025, and up 26.34% on a QoQ basis from 16.69% in Q1 2026.
Salesforce (CRM) Operating Margin (2009 - 2026) Analysis & Trends
Salesforce (CRM) has 18 years of Operating Margin data on file, last reported at 21.08% in Q2 2026.
- Quarterly Operating Margin rose 132.0% year-over-year to 21.08% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 20.4% (up 112.0% YoY) and the FY2026 annual result came in at 20.06%, up 105.0% from the prior year.
- Operating Margin climbed to 21.08% in Q2 2026, from 16.69% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 22.78% in Q3 2025 to a low of 29.73% in Q1 2022.
- A 5-year average of 12.1% and a median of 17.34% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 3305 bps — and 2023, when it surged 3399 bps.
- Tracing CRM's Operating Margin over 5 years: stood at 5.87% in 2022, then jumped by 193 bps to 17.21% in 2023, then climbed by 16 bps to 20.04% in 2024, then gained by 6 bps to 21.33% in 2025, then slipped by 1 bps to 21.08% in 2026.
- The last three Operating Margin figures came in at 21.08% (Q2 2026), 16.69% (Q1 2026), and 21.33% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 27.70% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 13.62% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 21.08% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 13.32% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 4.06% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -23.45% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -33.33% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 33.82% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 46.97% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 0.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -29.73% |
| Oct 31, 2021 | 0.55% |
| Jul 31, 2021 | 5.24% |