Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Salesforce Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Accounts payable, accrued expenses and other liabilities	5,397)	5,804)	6,658)	5,331)	5,220)	5,520)	6,111)	5,308)	5,059)	5,733)	6,743)	5,285)	5,446)	4,603)	5,470)	4,211)	2,932)	3,435)	4,351)	3,542)	3,482)	2,985)	3,429)	2,878)	2,343)	2,224)
Operating lease liabilities, current	580)	593)	579)	572)	559)	568)	518)	523)	510)	591)	590)	567)	626)	658)	686)	688)	713)	726)	766)	765)	767)	742)	750)	735)	706)	675)
Unearned revenue	16,555)	17,799)	20,743)	13,472)	15,222)	16,061)	19,003)	12,564)	14,237)	15,121)	17,376)	11,193)	12,825)	13,636)	15,628)	10,116)	11,067)	11,158)	12,607)	7,923)	8,711)	9,112)	10,662)	6,858)	7,142)	7,585)
Slack Convertible Notes	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,339)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Debt, current	—)	—)	—)	—)	—)	1,000)	999)	999)	999)	181)	1,182)	1,182)	1,183)	1,002)	4)	20)	1,342)	4)	4)	4)	3)	4)	4)	3)	4)	4)
Current liabilities	22,532)	24,196)	27,980)	19,375)	21,001)	23,149)	26,631)	19,394)	20,805)	21,626)	25,891)	18,227)	20,080)	19,899)	21,788)	15,035)	17,393)	15,323)	17,728)	12,234)	12,963)	12,843)	14,845)	10,474)	10,195)	10,488)
Noncurrent debt, excluding current portion	8,436)	8,435)	8,433)	8,432)	8,430)	8,429)	8,427)	8,426)	8,424)	9,421)	9,419)	9,418)	9,416)	9,595)	10,592)	10,591)	10,589)	2,672)	2,673)	2,672)	2,673)	2,673)	2,673)	2,824)	2,973)	3,173)
Noncurrent operating lease liabilities	2,221)	2,341)	2,380)	2,420)	2,404)	2,519)	2,644)	2,764)	2,867)	2,880)	2,897)	2,831)	2,580)	2,730)	2,703)	2,722)	2,878)	2,734)	2,842)	2,403)	2,407)	2,422)	2,445)	2,535)	2,341)	2,383)
Other noncurrent liabilities	3,056)	2,972)	2,962)	2,643)	2,712)	2,400)	2,475)	2,348)	2,269)	2,202)	2,283)	2,057)	1,974)	1,922)	1,995)	2,034)	2,278)	1,589)	1,565)	1,517)	1,297)	1,120)	1,278)	830)	661)	664)
Noncurrent liabilities	13,713)	13,748)	13,775)	13,495)	13,546)	13,348)	13,546)	13,538)	13,560)	14,503)	14,599)	14,306)	13,970)	14,247)	15,290)	15,347)	15,745)	6,995)	7,080)	6,592)	6,377)	6,215)	6,396)	6,189)	5,975)	6,220)
Total liabilities	36,245)	37,944)	41,755)	32,870)	34,547)	36,497)	40,177)	32,932)	34,365)	36,129)	40,490)	32,533)	34,050)	34,146)	37,078)	30,382)	33,138)	22,318)	24,808)	18,826)	19,340)	19,058)	21,241)	16,663)	16,170)	16,708)
Common stock	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)	1)
Treasury stock, at cost	(24,408)	(22,199)	(19,507)	(19,414)	(18,182)	(13,860)	(11,692)	(10,004)	(8,057)	(6,144)	(4,000)	(1,743)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Additional paid-in capital	66,701)	65,490)	64,576)	63,114)	62,143)	60,946)	59,841)	58,149)	57,345)	56,026)	55,047)	53,891)	52,979)	51,780)	50,919)	49,770)	48,666)	36,232)	35,601)	34,727)	33,922)	32,739)	32,116)	31,243)	15,024)	14,383)
Accumulated other comprehensive income (loss)	47)	(130)	(266)	(225)	(236)	(270)	(225)	(331)	(258)	(255)	(274)	(481)	(355)	(310)	(166)	(122)	(84)	(68)	(42)	(84)	(68)	(135)	(93)	(74)	(77)	(65)
Retained earnings	18,987)	17,504)	16,369)	15,049)	13,907)	12,866)	11,721)	10,275)	9,051)	7,784)	7,585)	7,683)	7,473)	7,405)	7,377)	7,405)	6,937)	6,402)	5,933)	5,666)	4,585)	1,960)	1,861)	2,109)	2,218)	2,127)
Stockholders’ equity	61,328)	60,666)	61,173)	58,525)	57,633)	59,683)	59,646)	58,090)	58,082)	57,412)	58,359)	59,351)	60,098)	58,876)	58,131)	57,054)	55,520)	42,567)	41,493)	40,310)	38,440)	34,565)	33,885)	33,279)	17,166)	16,446)
Total liabilities and stockholders’ equity	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)	55,126)	49,942)	33,336)	33,154)

The analysis of the quarterly financial data reveals several notable trends and developments across various financial items over the observed periods.

Accounts Payable, Accrued Expenses and Other Liabilities: This category demonstrates considerable fluctuations across quarters. Starting from US$2,224 million in April 2019, the values generally increase over time, peaking at US$6,743 million in January 2023. There are intermittent declines but the overall trend indicates growing current obligations towards the later periods.
Operating Lease Liabilities, Current: The current operating lease liabilities remain relatively stable, fluctuating mildly between US$675 million and US$766 million in the earlier periods. A gradual declining trend is observed from around mid-2021 onwards, dropping to approximately US$580 million by mid-2025, indicating a reduction in short-term lease commitments.
Unearned Revenue: Unearned revenue shows marked volatility with significant seasonal surges. Starting near US$7,585 million in April 2019, it reaches notable peaks such as US$17,376 million in January 2023 and US$20,743 million in January 2025, followed by subsequent partial retracements. This pattern suggests cyclical inflows or billing tied to contract terms and may reflect strong sales activity or deferred income recognition.
Debt, Current: Current debt generally remains low and steady near single-digit millions until mid-2020, when a sharp spike occurs with a value of US$1,342 million in July 2021 and further elevated levels around US$1,000 million in several subsequent quarters. This indicates occasional short-term borrowing or debt refinancing activities occurring sporadically.
Current Liabilities: Current liabilities demonstrate a strong upward trend, increasing from approximately US$10.5 billion in April 2019 to a peak near US$27.9 billion in January 2025. Despite some fluctuations, the pattern indicates growth in short-term obligations, with notable jumps coinciding with peaks in unearned revenue and accounts payable.
Noncurrent Debt, Excluding Current Portion: Noncurrent debt remains relatively stable between US$2.7 billion and US$3.2 billion initially, then spikes dramatically to over US$10.5 billion by mid-2021. Subsequently, amounts stabilize around US$8.4 billion through the end of the series. This sharp increase and sustained higher level could be indicative of significant long-term financing or debt restructuring.
Noncurrent Operating Lease Liabilities: Long-term operating lease liabilities fluctuate moderately between approximately US$2.2 billion and US$2.9 billion throughout the periods, showing a slight downward trend towards the end. This suggests a relatively stable but slightly declining commitment to long-term leases.
Other Noncurrent Liabilities: These liabilities show a general increase from US$664 million in early 2019 to over US$3 billion by mid-2025, indicating a gradual build-up of additional long-term obligations beyond debt and leases.
Noncurrent Liabilities: Total noncurrent liabilities echo a similar pattern, with an initial range near US$6.2 billion growing sharply to exceed US$15 billion by late 2020, corresponding with the rise in long-term debt. Following this peak, noncurrent liabilities fluctuate slightly but remain elevated, reflecting increased long-term financial commitments.
Total Liabilities: Total liabilities reflect the combined trends of current and noncurrent liabilities, rising from about US$16.7 billion in April 2019 to a maximum of around US$41.8 billion in January 2025. This increase is primarily driven by growth in debt, unearned revenue, and other liabilities, signaling expanded financial obligations overall.
Stockholders’ Equity: Stockholders’ equity begins near US$16.4 billion, rising steadily to a peak of US$61.3 billion around mid-2025. This upward trajectory suggests consistent accumulation of retained earnings, additional paid-in capital, and possible appreciation of net assets. There are minor periods of decline, notably around 2022 and 2024, but the overall trend remains positive.
Retained Earnings: Retained earnings display continuous growth from approximately US$2.1 billion to nearly US$19 billion, reflecting sustained profitability and reinvestment of income over time.
Additional Paid-in Capital: This component significantly increases from about US$14.4 billion in early 2019 to over US$66.7 billion by mid-2025, indicating substantial equity financing and capital contributions during the period.
Treasury Stock, at Cost: Treasury stock is noted only from mid-2022 onwards, showing an increasing negative balance reaching approximately US$24.4 billion by mid-2025. This trend reflects ongoing share repurchases, suggesting efforts to reduce outstanding share count and possibly support stock price.
Accumulated Other Comprehensive Income (Loss): This component fluctuates between moderate losses and minor gains but remains relatively small in magnitude compared to other equity parts. Negative balances predominate with occasional recoveries, indicating minor and volatile adjustments related to items such as foreign currency translation or hedging.
Total Liabilities and Stockholders’ Equity: The aggregate of liabilities and equity grows steadily from about US$33.2 billion to a peak exceeding US$102.9 billion by early 2025. This increase signals considerable corporate growth in both obligations and net assets over the observed periods.

In summary, the data reflect significant increases in both liabilities and equity, highlighting the company’s expansion and evolving capital structure. Key features include a substantial rise in both short-term and long-term debt, cyclical yet growing unearned revenue, increased equity financing, and active treasury stock repurchases. The trends suggest strategic financial management aimed at supporting growth while balancing obligations.

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Salesforce Inc. (NYSE:CRM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data