Salesforce stock holds near a yearly high after fiscal 2025 growth

Salesforce stock holds near a yearly high after fiscal 2025 revenue reached $37.9 billion and free cash flow came in at $12.4 billion for the year. Salesforce (ISIN US79466L3024) also reported $9.3 billion in fourth-quarter revenue and $2.0 billion in operating cash flow, giving investors three dated figures to anchor the latest picture.

Fiscal 2025 kept scale rising

For fiscal 2025, Salesforce posted $37.9 billion in revenue, up 8% year on year, while annual operating cash flow rose to $13.1 billion and free cash flow reached $12.4 billion. That combination matters because the top line, cash generation, and annual growth rate all moved in the same direction during the year.

In the fourth quarter of fiscal 2025, revenue reached $9.3 billion, up 8% from the prior year period, and operating cash flow was $2.0 billion. The comparison is important: revenue growth held at 8% both for the quarter and for the full year, which points to steady execution rather than a one-quarter spike.

Cash flow stayed above $12 billion

Salesforce said fiscal 2025 free cash flow totaled $12.4 billion, compared with $12.0 billion in fiscal 2024. The increase was modest, but it kept the company in the high-cash-generation tier among large software names.

The margin story also remains relevant. Fiscal 2025 operating cash flow of $13.1 billion exceeded free cash flow by $700 million, which reflects ongoing reinvestment and capital spending while still preserving strong cash conversion.

Revenue up 8% year on year

Salesforce stock is best understood through its recurring revenue engine, where the reported $37.9 billion in fiscal 2025 revenue and the $9.3 billion fourth-quarter figure both showed 8% growth. The number that stands out most is not just the size of the business, but the consistency of the growth rate across the year.

That consistency is useful for the market because it reduces the risk of reading too much into one quarter. A company growing from $35.2 billion in fiscal 2024 to $37.9 billion in fiscal 2025 is still expanding at scale, while also keeping cash generation strong.

Product mix still matters

Salesforce’s software portfolio remains centered on customer relationship management, with sales, service, platform, analytics, and automation tools tied to enterprise workflows. The product mix is important because the company’s fiscal 2025 figures show that large-scale subscription software can still generate more than $12 billion in annual free cash flow.

For investors, the key question is whether that mix can keep supporting both growth and cash conversion. Fiscal 2025 suggests it can, because the company delivered 8% revenue growth, $13.1 billion in operating cash flow, and $12.4 billion in free cash flow in the same reporting year.

Stock near yearly highs

Salesforce stock remains near its recent high after a year of steady financial delivery, with the latest available annual figures showing $37.9 billion in revenue and $12.4 billion in free cash flow. The shares last closed at $? as of 20 July 2026 on the New York Stock Exchange.