Free cash flow
Salesforce Free cash flow increased by 144.5% to $5.32B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 39.5%, from $3.82B to $5.32B. Over 4 years (FY 2022 to FY 2026), Free cash flow shows an upward trend with a 28.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $173.00M | $238.00M | $1.82B | $3.50B | $131.00M | $115.00M | $2.57B | $4.25B | $628.00M | $1.37B | $3.26B | $6.08B | $755.00M | $1.78B | $3.82B | $6.30B | $605.00M | $2.18B | $5.32B |
| QoQ Change | — | +37.6% | +662.6% | +92.7% | -96.3% | -12.2% | >999% | +65.3% | -85.2% | +117.5% | +138.4% | +86.9% | -87.6% | +135.6% | +114.5% | +65.0% | -90.4% | +259.8% | +144.5% |
| YoY Change | — | — | — | — | -24.3% | -51.7% | +41.6% | +21.5% | +379.4% | >999% | +26.7% | +43.2% | +20.2% | +30.2% | +17.2% | +3.5% | -19.9% | +22.4% | +39.5% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Salesforce's free cash flow?
- Salesforce (CRM) reported free cash flow of $5.32B in Q4 2025.
- How has Salesforce's free cash flow changed year-over-year?
- Salesforce's free cash flow increased by 39.5% year-over-year, from $3.82B to $5.32B.
- What is the long-term trend for Salesforce's free cash flow?
- Over 4 years (2022 to 2026), Salesforce's free cash flow has grown at a 28.5% compound annual growth rate (CAGR), from $5.28B to $14.40B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.