Stock Analysis on Net
Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Common-Size Income Statement 

Salesforce Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Subscription and support 93.34 92.57 93.07 94.00 93.83 93.46
Professional services and other 6.66 7.43 6.93 6.00 6.17 6.54
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Subscription and support -17.72 -18.57 -19.10 -19.55 -18.70 -19.61
Professional services and other -6.78 -8.10 -7.42 -6.04 -6.07 -6.38
Cost of revenues -24.50% -26.66% -26.52% -25.59% -24.77% -25.98%
Gross profit 75.50% 73.34% 73.48% 74.41% 75.23% 74.02%
Research and development -14.07 -16.12 -16.85 -16.93 -16.18 -14.20
Marketing and sales -36.94 -43.14 -44.75 -45.52 -46.38 -45.66
General and administrative -7.27 -8.14 -9.81 -9.82 -9.97 -10.13
Restructuring -2.83 -2.64 0.00 0.00 0.00 0.00
Loss on settlement of Salesforce.org reseller agreement 0.00 0.00 0.00 0.00 -0.97 0.00
Operating expenses -61.12% -70.05% -71.41% -72.27% -73.49% -69.99%
Income from operations 14.38% 3.29% 2.07% 2.14% 1.74% 4.03%
Interest expense on debt -0.73 -0.92 -0.82 -0.52 -0.64 -0.95
Gains (losses) on strategic investments, net -0.79 -0.76 4.57 10.21 2.50 4.08
Other income (expense) 1.35 0.50 -0.04 0.22 0.54 0.24
Income before (provision for) benefit from income taxes 14.20% 2.11% 5.78% 12.05% 4.13% 7.40%
(Provision for) benefit from income taxes -2.34 -1.44 -0.33 7.11 -3.39 0.96
Net income 11.87% 0.66% 5.45% 19.16% 0.74% 8.36%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. Salesforce Inc. income from operations as a percentage of revenues increased from 2022 to 2023 and from 2023 to 2024.
Income before (provision for) benefit from income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Salesforce Inc. income before (provision for) benefit from income taxes as a percentage of revenues decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Salesforce Inc. net income as a percentage of revenues decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.