Stock Analysis on Net
Stock Analysis on Net

Salesforce Inc. (NYSE:CRM)

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Salesforce Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Jul 31, 2026 Apr 30, 2026 Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020
Cash and cash equivalents 8,310 8,935 7,327 8,978 10,365 10,928 8,848 7,997 7,682 9,958 8,472 6,453 6,772 9,155 7,016 6,076 6,931 6,859 5,464 4,753 6,299 8,544 6,195 3,724 4,052 5,772
Marketable securities 3,093 2,902 2,238 2,345 5,007 6,480 5,184 4,760 4,954 7,712 5,722 5,410 5,625 4,822 5,492 5,842 6,602 6,644 5,073 4,638 3,351 6,479 5,771 5,768 5,231 4,030
Accounts receivable, net 6,320 5,080 14,339 5,474 5,596 4,354 11,945 4,741 5,391 4,273 11,414 4,850 5,400 4,632 10,755 4,275 4,745 3,952 9,739 4,019 4,074 3,174 7,786 3,316 3,445 3,076
Costs capitalized to obtain revenue contracts, net 2,074 2,065 2,075 1,835 1,862 1,924 1,971 1,836 1,851 1,865 1,905 1,757 1,781 1,772 1,776 1,549 1,531 1,478 1,454 1,242 1,211 1,166 1,146 1,017 948 881
Prepaid expenses and other current assets 2,286 2,631 2,243 2,431 2,501 2,180 1,779 2,091 1,984 1,796 1,561 1,732 1,560 1,600 1,356 1,467 1,437 1,478 1,120 1,305 1,321 1,081 991 1,121 1,170 954
Current assets 22,083 21,613 28,222 21,063 25,331 25,866 29,727 21,425 21,862 25,604 29,074 20,202 21,138 21,981 26,395 19,209 21,246 20,411 22,850 15,957 16,256 20,444 21,889 14,946 14,846 14,713
Property and equipment, net 3,042 3,150 3,120 3,147 3,154 3,131 3,236 3,416 3,580 3,506 3,689 3,807 3,876 3,695 3,702 3,514 3,375 2,868 2,815 2,768 2,711 2,490 2,459 2,564 2,528 2,518
Operating lease right-of-use assets, net 1,787 1,889 2,003 1,949 2,028 2,129 2,157 2,167 2,130 2,255 2,366 2,518 2,575 2,646 2,890 2,904 2,727 2,913 2,880 2,909 3,123 3,065 3,204 2,962 2,985 2,983
Noncurrent costs capitalized to obtain revenue contracts, net 2,870 2,920 2,985 2,293 2,266 2,342 2,475 2,121 2,201 2,286 2,515 2,194 2,352 2,506 2,697 2,301 2,367 2,323 2,342 1,850 1,820 1,736 1,715 1,462 1,309 1,171
Strategic investments 11,324 7,772 7,591 6,410 5,085 4,941 4,852 4,845 5,017 4,978 4,848 4,774 4,778 4,633 4,672 5,124 5,124 4,936 4,784 4,004 4,105 3,944 3,909 3,927 2,555 1,902
Goodwill 59,250 59,291 57,941 52,457 51,438 51,281 51,283 49,093 48,941 48,940 48,620 48,614 48,566 48,567 48,568 48,555 48,568 48,319 47,937 47,951 48,103 26,640 26,318 26,313 26,301 25,266
Intangible assets acquired through business combinations, net 6,142 6,650 6,815 3,491 3,669 4,033 4,428 4,119 4,415 4,869 5,278 5,737 6,182 6,654 7,125 7,598 8,072 8,559 8,978 9,472 9,746 3,925 4,114 4,398 4,676 4,488
Deferred tax assets and other assets, net 3,122 3,395 3,628 4,334 4,602 4,887 4,770 4,209 4,034 3,742 3,433 3,176 2,980 2,859 2,800 2,679 2,669 2,693 2,623 2,525 2,794 2,641 2,693 2,564 2,580 582
Noncurrent assets 87,537 85,067 84,083 74,081 72,242 72,744 73,201 69,970 70,318 70,576 70,749 70,820 71,309 71,560 72,454 72,675 72,902 72,611 72,359 71,479 72,402 44,441 44,412 44,190 42,934 38,910
Total assets 109,620 106,680 112,305 95,144 97,573 98,610 102,928 91,395 92,180 96,180 99,823 91,022 92,447 93,541 98,849 91,884 94,148 93,022 95,209 87,436 88,658 64,885 66,301 59,136 57,780 53,623

Based on: 10-Q (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).


Total assets exhibited a substantial long-term growth trajectory, expanding from 53.6 billion US dollars in April 2020 to 109.6 billion US dollars by July 2026. This expansion was characterized by significant step-increases in non-current assets and a cyclical pattern within current assets, reflecting both aggressive inorganic growth and specific operational billing cycles.

Liquidity and Current Asset Volatility
Cash and cash equivalents demonstrated significant fluctuation, peaking at 10.9 billion US dollars in January 2025 before stabilizing between 7.3 billion and 8.9 billion US dollars in the final year of the period. Marketable securities showed a general decline in the latter half of the timeline, dropping from peaks above 6 billion US dollars to approximately 3 billion US dollars by July 2026.
A pronounced seasonal pattern is evident in accounts receivable, net. Values consistently spike every January—reaching a peak of 14.3 billion US dollars in January 2026—followed by sharp contractions in April. This suggests a cyclical concentration of revenue recognition or billing activities at the close of the fiscal year.
Inorganic Growth and Intangible Assets
A major structural shift in the balance sheet occurred between April 2021 and July 2021, where goodwill surged from 26.6 billion US dollars to 48.1 billion US dollars. Simultaneously, intangible assets acquired through business combinations more than doubled from 3.9 billion US dollars to 9.7 billion US dollars, indicating a large-scale acquisition during this window.
Goodwill continued to climb in the final stages of the analyzed period, reaching 59.2 billion US dollars by July 2026, further suggesting continued investment in acquisitions.
Strategic and Operational Asset Trends
Strategic investments remained relatively stable for several years before experiencing an accelerated increase starting in October 2024, rising from 6.4 billion US dollars to 11.3 billion US dollars by July 2026.
Property and equipment, net, showed modest growth early in the period but remained largely stagnant between 3 billion and 3.8 billion US dollars from 2022 onward. Conversely, operating lease right-of-use assets exhibited a consistent downward trend, decreasing from a high of 3.2 billion US dollars in January 2021 to 1.7 billion US dollars by July 2026.

The overall asset composition shifted heavily toward non-current assets, which grew from 38.9 billion US dollars in April 2020 to 87.5 billion US dollars by July 2026. This transition underscores a corporate strategy focused on long-term strategic positioning and acquisition-led expansion over the maintenance of liquid current assets.

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Assets: Selected Items


Current Assets: Selected Items