Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Salesforce Inc., consolidated income statement

US$ in millions

12 months ended:	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Subscription and support	32,537)	29,021)	24,657)	19,976)	16,043)	12,413)
Professional services and other	2,320)	2,331)	1,835)	1,276)	1,055)	869)
Revenues	34,857)	31,352)	26,492)	21,252)	17,098)	13,282)
Subscription and support	(6,177)	(5,821)	(5,059)	(4,154)	(3,198)	(2,604)
Professional services and other	(2,364)	(2,539)	(1,967)	(1,284)	(1,037)	(847)
Cost of revenues	(8,541)	(8,360)	(7,026)	(5,438)	(4,235)	(3,451)
Gross profit	26,316)	22,992)	19,466)	15,814)	12,863)	9,831)
Research and development	(4,906)	(5,055)	(4,465)	(3,598)	(2,766)	(1,886)
Marketing and sales	(12,877)	(13,526)	(11,855)	(9,674)	(7,930)	(6,064)
General and administrative	(2,534)	(2,553)	(2,598)	(2,087)	(1,704)	(1,346)
Restructuring	(988)	(828)	—)	—)	—)	—)
Loss on settlement of Salesforce.org reseller agreement	—)	—)	—)	—)	(166)	—)
Operating expenses	(21,305)	(21,962)	(18,918)	(15,359)	(12,566)	(9,296)
Income from operations	5,011)	1,030)	548)	455)	297)	535)
Interest expense on debt	(254)	(287)	(216)	(110)	(110)	(126)
Gains (losses) on strategic investments, net	(277)	(239)	1,211)	2,170)	427)	542)
Other income (expense)	470)	156)	(11)	46)	92)	32)
Income before (provision for) benefit from income taxes	4,950)	660)	1,532)	2,561)	706)	983)
(Provision for) benefit from income taxes	(814)	(452)	(88)	1,511)	(580)	127)
Net income	4,136)	208)	1,444)	4,072)	126)	1,110)

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).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Salesforce Inc. revenues increased from 2022 to 2023 and from 2023 to 2024.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	Salesforce Inc. income from operations 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 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 decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Salesforce Inc. (NYSE:CRM)

Income Statement