CRM · 8-K · 20260917PR000210
Free Cash Flow Trends
Salesforce, Inc. · 2026-09-17 · Importance 70 · Surprise 40 · From source text
FY26 operating cash flow was $14.996 billion and capital expenditures were $594 million, resulting in $14.402 billion of free cash flow. Free cash flow increased from $12.434 billion in FY25 and $5.283 billion in FY22, representing nearly threefold growth since FY22. Salesforce stated that FY27 free cash flow guidance was provided in August 2026 and that continued free cash flow expansion supports its profitable-growth framework.
Key facts
- Salesforce, Inc. on track to 3x free cash flow since FY22. source
- Salesforce, Inc. Free Cash Flow: FY22 $5,283 million, FY23 $6,313 million, FY24 $9,498 million, FY25 $12,434 million, FY26 $14,402 million. source
- Salesforce, Inc. GAAP net cash provided by operating activities: FY22 $6,000 million, FY23 $7,111 million, FY24 $10,234 million, FY25 $13,092 million, FY26 $14,996 million. source
- Salesforce, Inc. capital expenditures: FY22 $(717) million, FY23 $(798) million, FY24 $(736) million, FY25 $(658) million, FY26 $(594) million (used in Free Cash Flow calculation). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | +1.8% | Salesforce, Inc. Free Cash Flow: FY22 $5,283 million, FY23 $6,313 million, FY24 $9,498 million, FY25 $12,434 million, FY26 $14,402 million. |
| cash | positive | realized | +1.7% | Salesforce, Inc. GAAP net cash provided by operating activities: FY22 $6,000 million, FY23 $7,111 million, FY24 $10,234 million, FY25… |
| cash | positive | probable | — | Salesforce, Inc. on track to 3x free cash flow since FY22. |