Short answer
Salesforce (CRM) filed its Q4 2025 10-Q quarterly report on Dec 4, 2025 for the quarter ended Oct 31, 2025. Quarterly revenue was $10.3B (up 8.6% year over year) with net income of $2.1B.
Q4 2025 key financials · XBRL
- Revenue
- $10.3B
- +8.6% YoY · +0.2% QoQ
- Net income
- $2.1B
- +36.6% YoY · +10.5% QoQ
- Operating margin
- 21.3%
- Gross margin
- 78.0%
- EPS (diluted)
- $2.18
- +38.9% YoY · +11.2% QoQ
Source: XBRL data from the Salesforce (CRM) Q4 2025 10-Q on SEC EDGAR. USD.
Salesforce Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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