Salesforce, Inc. reported a robust operating cash flow of nearly $15 billion for fiscal 2026, marking a 15% increase year over year. The company’s revenues reached $41.5 billion, up 10% from the previous year, while non-GAAP earnings surged 23% to $12.52 per share. Free cash flow also increased by 16% to approximately $14.4 billion, reflecting strong cash generation amidst a challenging macroeconomic environment.
In fiscal 2026, Salesforce returned $14.3 billion to shareholders through share repurchases and dividends and authorized an additional $50 billion for further share repurchases. In comparison, major competitor Microsoft Corporation generated $127.5 billion in operating cash flow, a 36% increase year over year, returning $19.7 billion in dividends and $17.7 billion in repurchases in the first three quarters. Meanwhile, Oracle Corporation reported $17.4 billion in operating cash flow, up 18%, highlighting the competitive landscape among top enterprise software companies.
Salesforce shares have depreciated by 38.7% over the past year, while the Zacks Internet – Software industry has fallen 14.7%. The company currently trades at a forward price-to-earnings ratio of 13.07, significantly below the industry average of 26.73. The Zacks Consensus Estimate projects a year-over-year earnings increase of approximately 5% for fiscal 2027 and an 11.8% increase for fiscal 2028.
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