Salesforce
Salesforce returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q2 | Jul 31, 2026 | 10.56% | 11.03% | 2.41% | 19.38% | 9.33% | 1.3 pp |
| FY 2027 Q1 | Apr 30, 2026 | 11.12% | 11.38% | 11.08% | 16.91% | 7.82% | 1.8 pp |
| FY 2026 Q4 | Jan 31, 2026 | 10.28% | 11.1% | 9.51% | 12.4% | 6.93% | 1 pp |
| FY 2026 Q3 | Oct 31, 2025 | 11.37% | 11.36% | 167.81% | 12.18% | 7.74% | 2.1 pp |
| FY 2026 Q2 | Jul 31, 2025 | 11.14% | 10.92% | 108.92% | 11.2% | 7.02% | 1.8 pp |
| FY 2026 Q1 | Apr 30, 2025 | 10.43% | 10.09% | — | 10.31% | 6.37% | 1.1 pp |
| FY 2025 Q4 | Jan 31, 2025 | 9.89% | 9.73% | 1,149.31% | 10.26% | 6.11% | 0.6 pp |
| FY 2025 Q3 | Oct 31, 2024 | 9.77% | 9.76% | — | 10.18% | 6.51% | 0.5 pp |
| FY 2025 Q2 | Jul 31, 2024 | 9.15% | 9.26% | — | 9.73% | 6.1% | -0.1 pp |
| FY 2025 Q1 | Apr 30, 2024 | 9.09% | 8.7% | 369.48% | 9.34% | 5.77% | -0.2 pp |
| FY 2024 Q4 | Jan 31, 2024 | 6.83% | 6.86% | — | 7.01% | 4.16% | -2.5 pp |
| FY 2024 Q3 | Oct 31, 2023 | 4.66% | 5.16% | — | 4.41% | 2.83% | -4.6 pp |
| FY 2024 Q2 | Jul 31, 2023 | 2.95% | 3.71% | — | 2.67% | 1.69% | -6.4 pp |
| FY 2024 Q1 | Apr 30, 2023 | 0.88% | 1.96% | — | 0.65% | 0.41% | -8.4 pp |
| FY 2023 Q4 | Jan 31, 2023 | 0.52% | 1.41% | — | 0.36% | 0.21% | -8.8 pp |
| FY 2023 Q3 | Oct 31, 2022 | 0.51% | 0.68% | -43.51% | 0.48% | 0.31% | -8.8 pp |
| FY 2023 Q2 | Jul 31, 2022 | — | 0.1% | — | 0.93% | 0.59% | — |
| FY 2023 Q1 | Apr 30, 2022 | — | 0.35% | — | 1.98% | 1.27% | — |
| FY 2022 Q4 | Jan 31, 2022 | 1.02% | 0.9% | — | 2.9% | 1.79% | -8.3 pp |
| FY 2022 Q3 | Oct 31, 2021 | 1.45% | 1.54% | — | 3.57% | 2.37% | -7.9 pp |
| FY 2022 Q2 | Jul 31, 2021 | 1.7% | 1.9% | — | 5.01% | 3.21% | -7.6 pp |
| FY 2022 Q1 | Apr 30, 2021 | — | 2.1% | — | 11.52% | 7.5% | — |
| FY 2021 Q4 | Jan 31, 2021 | — | 1.02% | — | 10.8% | 6.71% | — |
| FY 2021 Q3 | Oct 31, 2020 | — | 0.52% | — | 9.67% | 6.52% | — |
| FY 2021 Q2 | Jul 31, 2020 | — | 0.2% | — | 8.51% | 5.2% | — |
| FY 2021 Q1 | Apr 30, 2020 | — | -0.17% | — | -0.65% | -0.38% | — |
| FY 2020 Q4 | Jan 31, 2020 | 0.22% | 0.99% | — | 0.51% | 0.29% | -9.1 pp |
| FY 2020 Q3 | Oct 31, 2019 | 1.5% | 1.62% | — | 3.07% | 1.92% | -7.8 pp |
| FY 2020 Q2 | Jul 31, 2019 | 2.96% | 2.45% | — | 6.19% | 3.21% | -6.3 pp |
| FY 2020 Q1 | Apr 30, 2019 | — | 2.94% | — | 8.42% | 4.13% | — |
| FY 2019 Q4 | Jan 31, 2019 | — | — | — | — | — | — |
| FY 2019 Q3 | Oct 31, 2018 | — | — | — | — | — | — |
| FY 2019 Q2 | Jul 31, 2018 | — | — | — | — | — | — |
| FY 2019 Q1 | Apr 30, 2018 | — | — | — | — | — | — |
| FY 2015 Q4 | Jan 31, 2015 | — | -2.54% | — | -7.49% | -2.65% | — |
| FY 2015 Q3 | Oct 31, 2014 | — | -3.86% | — | -9.36% | -3.58% | — |
| FY 2015 Q2 | Jul 31, 2014 | — | -5.58% | — | -13.04% | -4.7% | — |
| FY 2015 Q1 | Apr 30, 2014 | — | -6.55% | — | -9.34% | -3.45% | — |
| FY 2014 Q4 | Jan 31, 2014 | — | -7.35% | — | -8.67% | -3.16% | — |
| FY 2014 Q3 | Oct 31, 2013 | — | -5.55% | — | -5.46% | -2.14% | — |
| FY 2014 Q2 | Jul 31, 2013 | — | -4.53% | — | -9.86% | -3.74% | — |
| FY 2014 Q1 | Apr 30, 2013 | — | -4.25% | — | -14.92% | -5.97% | — |
| FY 2013 Q4 | Jan 31, 2013 | — | -4.97% | — | -13.85% | -5.58% | — |
| FY 2013 Q3 | Oct 31, 2012 | — | -4.82% | — | -14.16% | -6.22% | — |
| FY 2013 Q2 | Jul 31, 2012 | — | -2.8% | — | -2.24% | -0.94% | — |
| FY 2013 Q1 | Apr 30, 2012 | — | -2.78% | — | -2.06% | -0.87% | — |
| FY 2012 Q4 | Jan 31, 2012 | — | -1.92% | — | -0.81% | -0.32% | — |
| FY 2012 Q3 | Oct 31, 2011 | — | -1.7% | — | 0.25% | 0.11% | — |
| FY 2012 Q2 | Jul 31, 2011 | — | 0.96% | — | 2.12% | 0.92% | — |
| FY 2012 Q1 | Apr 30, 2011 | — | 3.99% | — | 3.95% | 1.68% | — |
| FY 2011 Q4 | Jan 31, 2011 | — | 5.79% | — | 5.56% | 2.32% | — |
| FY 2011 Q3 | Oct 31, 2010 | — | 9.26% | — | 7.15% | 3.37% | — |
| FY 2011 Q2 | Jul 31, 2010 | — | 9.06% | — | 7.24% | 3.46% | — |
| FY 2011 Q1 | Apr 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q4 | Jan 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Oct 31, 2009 | — | — | — | — | — | — |
| FY 2010 Q2 | Jul 31, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CRM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.