Salesforce (CRM) Operating Margin (2009 - 2026)

Salesforce (CRM) reported Operating Margin of 21.08% for Q2 2026, up 132.0% on a YoY basis from 9.09% in Q2 2025, and up 26.34% quarter-over-quarter from 16.69% in Q1 2026.

Salesforce (CRM) Operating Margin (2009 - 2026) Analysis & Trends

Salesforce has reported Operating Margin for 18 years, with the latest figure at 21.08% in Q2 2026.

  • For the quarter ending Q2 2026, Operating Margin rose 132.0% year-over-year to 21.08%; the trailing twelve-month figure through Apr 2026 stood at 20.4% (up 112.0% YoY), and the FY2026 full-year result was 20.06%, up 105.0% from the prior year.
  • Operating Margin for Q2 2026 stood at 21.08%, up from 16.69% in the prior quarter.
  • The five-year high for Operating Margin was 22.78% in Q3 2025, with the low at 29.73% in Q1 2022.
  • Historically, Operating Margin has averaged 12.1% across 5 years, with a median of 17.34% in 2023.
  • Annual changes were most pronounced in 2022 — Operating Margin slumped 3305 bps — and 2023, when it surged 3399 bps.
  • Salesforce's Operating Margin 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Sap Se 222.91 Bn 204.94 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 161.84 Bn 159.29 Bn - -
3 Uber Technologies 147.59 Bn 146.55 Bn 11.88 Bn 14.56%
4 Shopify 141.82 Bn 136.08 Bn 1.55 Bn 12.05%
5 Salesforce 131.54 Bn 119.70 Bn 8.56 Bn 21.08%
6 Cadence Design Systems 105.57 Bn 104.17 Bn 1.26 Bn 29.26%
7 ServiceNow 98.52 Bn 93.34 Bn 2.83 Bn 13.34%
8 Automatic Data Processing 88.27 Bn 85.04 Bn 2.87 Bn -22.99%
9 Adobe 79.46 Bn 73.83 Bn 5.90 Bn 33.82%
10 Snowflake 79.37 Bn 76.41 Bn 926.45 Mn -23.45%

Historic Data

Download Data
DateValue
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%