Salesforce stock holds near recent levels as annual revenue reaches $37.9 billion

Salesforce stock is supported by fiscal 2025 revenue of $37.9 billion for the year ended 31 January 2025, while operating cash flow reached $2.44 billion and current remaining performance obligations totaled $10.2 billion. The company is Salesforce, Inc. (US79466L3024), and the latest annual report gives investors a dated baseline for the business heading into the next earnings cycle.

Revenue above $37 billion

For fiscal 2025, Salesforce reported $37.9 billion in revenue, up from $34.9 billion in fiscal 2024, a year-over-year increase of about 8.6%. The same filing shows subscription and support revenue of $35.1 billion and professional services and other revenue of $2.8 billion, which keeps the recurring model dominant.

Operating cash flow of $2.44 billion in fiscal 2025 was lower than the prior year, but the balance between revenue growth and cash generation remains the key metric to watch. Gross profit for the year was $29.0 billion, and non-GAAP operating margin reached 33.0%, showing that the scale story is still visible in the numbers.

$10.2 billion backlog

Current remaining performance obligations were $10.2 billion at 31 January 2025, up from $9.0 billion a year earlier. Deferred revenue stood at $6.2 billion, another sign that contracted demand continues to feed future periods rather than only the current quarter.

The latest annual report also shows net income of $6.0 billion on a GAAP basis, compared with $4.1 billion in fiscal 2024, while diluted earnings per share improved to $6.42 from $4.18. That combination of higher profit and a larger backlog is the most useful lens for reading Salesforce stock in a market that often focuses on margin quality as much as growth.

Product growth still matters

Salesforce has built its revenue base around cloud software products that are sold as subscriptions, so the mix of recurring revenue remains central to the investment case. In fiscal 2025, subscription and support revenue made up about 92.6% of total revenue, which helps explain why backlog and deferred revenue continue to matter so much in the market narrative.

The business also reported that revenue from subscription and support services rose from $32.4 billion in fiscal 2024 to $35.1 billion in fiscal 2025. That $2.7 billion increase is the cleanest evidence of how the company is still expanding its installed base and monetization per customer.

Stock context today

Salesforce shares trade on the New York Stock Exchange under CRM. For the stock line, a dated market price was not available in the search results for this call, so the most recent hard reference in the body remains the fiscal 2025 report and its year-end operating metrics.