Salesforce stock holds support after fiscal 2025 growth

Salesforce (US79466L3024) stock is framed by fiscal 2025 revenue of $37.9 billion, up 9% from the prior year, and by a $9.99 billion share repurchase authorization that remained part of capital return planning in the latest annual results. The company also reported that subscription and support revenue reached $35.7 billion in fiscal 2025, keeping recurring revenue at the center of the equity story.

Fiscal 2025 revenue reached $37.9 billion

Salesforce reported fiscal 2025 revenue of $37.9 billion, compared with $34.9 billion in fiscal 2024, a year-over-year increase of 9%. That comparison matters because it shows the scale of the business even in a period of slower software spending.

Operating cash flow was $13.1 billion in fiscal 2025, while current remaining performance obligation stood at $60.9 billion at year-end fiscal 2025. Those figures help explain why the market continues to treat the company as a cash-generating software franchise rather than a pure growth story.

Recurring revenue stays dominant

Subscription and support revenue was $35.7 billion in fiscal 2025, versus $32.8 billion in fiscal 2024. The ratio is the key point: recurring revenue accounted for the overwhelming share of total sales and kept the model anchored in renewals and multi-year contracts.

Salesforce also said remaining performance obligation increased to $60.9 billion at the end of fiscal 2025, giving visibility into future billings. For investors, that backlog-style measure matters because it supports revenue conversion even when booking patterns vary quarter to quarter.

Buybacks and cash flow

Salesforce ended the fiscal year with $13.1 billion in operating cash flow and kept a $9.99 billion repurchase authorization in place. That combination shows that management still has room to balance reinvestment, earnings quality, and shareholder returns.

The annual report also showed that diluted earnings per share improved to $6.31 in fiscal 2025 from $1.60 in fiscal 2024. The comparison is a useful marker because it reflects both operational progress and the benefit of capital allocation.

Agentforce and platform demand

Salesforce has continued to position Agentforce as its main product narrative around AI-driven automation, while the company’s core platform still depends on subscription and support revenue. The business case remains tied to how effectively new software layers can monetize the installed customer base.

At the same time, fiscal 2025 free cash flow reached $12.4 billion, which was slightly below operating cash flow but still a large absolute figure for a software group of this size. That spread is a reminder that Salesforce remains one of the market’s largest cash producers in enterprise software.

Cash flow at $12.4 billion

Salesforce stock also reflects the company’s scale in market terms, with fiscal 2025 numbers suggesting durable profitability rather than a single-quarter spike. Revenue of $37.9 billion, operating cash flow of $13.1 billion, and free cash flow of $12.4 billion form the clearest evidence base in the latest annual cycle.

Those figures matter more than a short-term headline because they show whether growth still converts into cash. For a large-cap software company, that conversion is often the main driver of valuation discipline.

Agentforce product line

Agentforce is Salesforce’s most visible product push, built to extend the company’s CRM and automation stack into AI-assisted workflows. The company has tied that message to its broader subscription base, where fiscal 2025 revenue reached $35.7 billion from recurring lines.

Salesforce stock after fiscal 2025

Salesforce stock closed this update around the fiscal 2025 framework rather than a single-day move, because the search results in this call did not provide a dated live quote. The relevant market markers in the body are fiscal 2025 revenue of $37.9 billion, operating cash flow of $13.1 billion, and free cash flow of $12.4 billion.