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Salesforce (CRM) Q4 2025 10-Q Quarterly Report

Filed: Dec 4, 2025Period ending Oct 31, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR
Salesforce Overview

Salesforce (CRM) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 4, 2025 for the fiscal period ending Oct 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Salesforce Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • • Revenue $10.3B for Q1 FY2025, up 9% YoY from $9.4B in Q1 FY2024; subscription and support up $847M (10%), professional services down 6%
  • • Operating margin 21.3% (2.2B/10.3B) vs 20.0% (1.9B/9.4B) YoY; net income margin 20.3% ($2.1B) vs 16.2% ($1.5B) YoY for the quarter
  • • Best segment: Agentforce 360 Platform, Slack and Other revenue up 19% YoY to $2.18B (22% total subscription revenue); worst: professional services down 6%
  • • Cash, cash equivalents and marketable securities declined to $11.3B from $14.0B at prior quarter end; operating cash flow $2.3B, up from $2.0B YoY
  • • Management notes continued volume-driven subscription growth, investment in AI and platform scaling, expects continued cash flow growth, but near-term headwind from lower professional services demand

Risk Factors

  • • New risk: Borrowed full $6.0B under Informatica Credit Agreements in Nov 2025 to finance acquisition, increasing debt service obligations and financial risk
  • • Updated operational risk: Implemented new ERP system in Q2 FY26, any issues could disrupt financial planning, reporting, and compliance processes
  • • Legal/regulatory risk: Increasing scrutiny and restrictions on foreign tech investments and acquisitions by US, Europe, Asia-Pacific governments impacting deal approvals
  • • Market risk: More time-consuming sales cycles and pricing pressure targeting larger enterprise customers, affecting near-term revenue growth
  • • Financial risk: Fluctuations in currency exchange rates, especially USD versus local currencies, impacting reported financial results

Salesforce Q4 2025 Quarterly Financials
XBRL

Revenue

$10.3B

▲ +8.6% YoY▲ +0.2% QoQ

Net Income

$2.1B

▲ +36.6% YoY▲ +10.5% QoQ

Net Margin

20.3%

▲ +416bp YoY▲ +190bp QoQ

Source: XBRL data from Salesforce Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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