Credit and interest ratesmixed · 6 filings
“Interest expense increased during the three and six months ended July 31, 2026, primarily due to incremental interest expense associated with our March 2026 debt offering.”10-Q · Aug 27, 2026 ↗
Salesforce, Inc.
CRM
Market read
Salesforce, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 27 directly disclosed connections are confirming.
Company+1.9% todayVolume comparison unavailable
Market group0 of 36 activeEnterprise Software · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Interest expense increased after Salesforce's March 2026 debt offering, adding a financing cost to the operating picture.
Invalidation: The isolated read changes if CRM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 27 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Interest expense increased after Salesforce's March 2026 debt offering, adding a financing cost to the operating picture.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements156
Verified relationships10
Evidence supporting the case
- Latest annual revenue changed +9.6% year over year.
- Operating margin changed +1.0 percentage points in the latest annual period.
- Net margin changed +1.6 percentage points in the latest annual period.
Evidence challenging the case
- Product pipeline and R&D has repeated adverse evidence across 6 filings.
Questions before a position
- P/E is 46% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 16% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
247.706m+24.3%12m+2.1%24m+1.5%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-01-31$26.5B+24.7%—+4.7%
2023-01-31$31.4B+18.3%—+2.4%
2024-01-31$34.9B+11.2%—-1.3%
2025-01-31$37.9B+8.7%—-1.0%
2026-01-31$41.5B+9.6%—-1.8%
What management says matters
Persistent and emerging business drivers
Foreign exchangemixed · 6 filings
“Total revenues were minimally impacted due to fluctuations in foreign currencies during the three months ended July 31, 2026 compared to the three months ended July 31, 2025, and were positively impacted by one percent from foreign currency fluctuations durin…”10-Q · Aug 27, 2026 ↗
Product pipeline and R&Dnegative · 6 filings
“For the three and six months ended July 31, 2026, the increase in research and development expenses in absolute dollars was primarily attributable to these same cost drivers.”10-Q · Aug 27, 2026 ↗
Supply chain and availabilitynegative · 6 filings
“Adjustments resulting from translating foreign functional currency financial statements into U.S.”10-Q · Aug 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 5.7× · EV/sales 5.8×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
247.70+1.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CRM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for CRM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind CRM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JTGEYFiling-linked namelenderMar 2, 2026 ▾
“The Revolving Loan Credit Agreement replaced the Credit Agreement, dated December 23, 2020 (as amended, the “Prior Credit Agreement”), among us, the lenders and the issuing lenders party thereto, and Citibank, N.A., as administrative agent, which provided for…”
JPMJPMorgan Chase & Co.lenderMay 28, 2026 ▾
“In March 2026, we entered into a $6.0 billion five-year senior unsecured term loan credit agreement (the “2026 Term Loan Credit Agreement”) with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.”
Depended on by
DBXDropbox, Inc.partnerMay 8, 2026 ▾
“Products like Dropbox Backup, Dropbox Sign, DocSend, Dropbox Dash ("Dash"), Dropbox Replay, Dropbox Transfer, and Reclaim.ai, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 25 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CRM is currently a Leader in the organic co-movement group Enterprise Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.