vs
Side-by-side financial comparison of Salesforce (CRM) and Mastercard (MA). Click either name above to swap in a different company.
Salesforce is the larger business by last-quarter revenue ($10.3B vs $8.8B, roughly 1.2× Mastercard). Mastercard runs the higher net margin — 46.1% vs 20.3%, a 25.8% gap on every dollar of revenue. On growth, Mastercard posted the faster year-over-year revenue change (17.6% vs 8.6%). Mastercard produced more free cash flow last quarter ($4.9B vs $2.2B). Over the past eight quarters, Mastercard's revenue compounded faster (17.8% CAGR vs 5.1%).
Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It provides applications focused on sales, customer service, marketing automation, e-commerce, analytics, artificial intelligence, agentic AI, and application development.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
CRM vs MA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.3B | $8.8B |
| Net Profit | $2.1B | $4.1B |
| Gross Margin | 78.0% | — |
| Operating Margin | 21.3% | 55.8% |
| Net Margin | 20.3% | 46.1% |
| Revenue YoY | 8.6% | 17.6% |
| Net Profit YoY | 36.6% | 21.5% |
| EPS (diluted) | $2.19 | $4.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $10.3B | $8.8B | ||
| Q3 25 | $10.2B | $8.6B | ||
| Q2 25 | $9.8B | $8.1B | ||
| Q1 25 | $10.0B | $7.3B | ||
| Q4 24 | $9.4B | $7.5B | ||
| Q3 24 | $9.3B | $7.4B | ||
| Q2 24 | $9.1B | $7.0B | ||
| Q1 24 | $9.3B | $6.3B |
| Q4 25 | $2.1B | $4.1B | ||
| Q3 25 | $1.9B | $3.9B | ||
| Q2 25 | $1.5B | $3.7B | ||
| Q1 25 | $1.7B | $3.3B | ||
| Q4 24 | $1.5B | $3.3B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $1.4B | $3.0B |
| Q4 25 | 78.0% | — | ||
| Q3 25 | 78.1% | — | ||
| Q2 25 | 77.0% | — | ||
| Q1 25 | 77.8% | — | ||
| Q4 24 | 77.7% | — | ||
| Q3 24 | 76.8% | — | ||
| Q2 24 | 76.3% | — | ||
| Q1 24 | 76.9% | — |
| Q4 25 | 21.3% | 55.8% | ||
| Q3 25 | 22.8% | 58.8% | ||
| Q2 25 | 19.8% | 58.7% | ||
| Q1 25 | 18.2% | 57.2% | ||
| Q4 24 | 20.0% | 52.6% | ||
| Q3 24 | 19.1% | 54.3% | ||
| Q2 24 | 18.7% | 58.0% | ||
| Q1 24 | 17.5% | 56.8% |
| Q4 25 | 20.3% | 46.1% | ||
| Q3 25 | 18.4% | 45.7% | ||
| Q2 25 | 15.7% | 45.5% | ||
| Q1 25 | 17.1% | 45.2% | ||
| Q4 24 | 16.2% | 44.6% | ||
| Q3 24 | 15.3% | 44.3% | ||
| Q2 24 | 16.8% | 46.8% | ||
| Q1 24 | 15.6% | 47.4% |
| Q4 25 | $2.19 | $4.52 | ||
| Q3 25 | $1.96 | $4.34 | ||
| Q2 25 | $1.59 | $4.07 | ||
| Q1 25 | $1.75 | $3.59 | ||
| Q4 24 | $1.58 | $3.64 | ||
| Q3 24 | $1.47 | $3.53 | ||
| Q2 24 | $1.56 | $3.50 | ||
| Q1 24 | $1.47 | $3.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.0B | $10.6B |
| Total DebtLower is stronger | $8.4B | — |
| Stockholders' EquityBook value | $60.0B | $7.7B |
| Total Assets | $95.1B | $54.2B |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.0B | $10.6B | ||
| Q3 25 | $10.4B | $10.3B | ||
| Q2 25 | $10.9B | $9.0B | ||
| Q1 25 | $8.8B | $7.6B | ||
| Q4 24 | $8.0B | $8.4B | ||
| Q3 24 | $7.7B | $11.1B | ||
| Q2 24 | $10.0B | $7.0B | ||
| Q1 24 | $8.5B | $7.3B |
| Q4 25 | $8.4B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.4B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $9.4B | — | ||
| Q1 24 | $9.4B | — |
| Q4 25 | $60.0B | $7.7B | ||
| Q3 25 | $61.3B | $7.9B | ||
| Q2 25 | $60.7B | $7.9B | ||
| Q1 25 | $61.2B | $6.7B | ||
| Q4 24 | $58.5B | $6.5B | ||
| Q3 24 | $57.6B | $7.4B | ||
| Q2 24 | $59.7B | $7.4B | ||
| Q1 24 | $59.6B | $7.2B |
| Q4 25 | $95.1B | $54.2B | ||
| Q3 25 | $97.6B | $53.3B | ||
| Q2 25 | $98.6B | $51.4B | ||
| Q1 25 | $102.9B | $48.5B | ||
| Q4 24 | $91.4B | $48.1B | ||
| Q3 24 | $92.2B | $47.2B | ||
| Q2 24 | $96.2B | $42.3B | ||
| Q1 24 | $99.8B | $42.6B |
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 0.16× | — | ||
| Q1 24 | 0.16× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.3B | $5.0B |
| Free Cash FlowOCF − Capex | $2.2B | $4.9B |
| FCF MarginFCF / Revenue | 21.2% | 55.5% |
| Capex IntensityCapex / Revenue | 1.4% | 1.3% |
| Cash ConversionOCF / Net Profit | 1.11× | 1.23× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9B | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $5.0B | ||
| Q3 25 | $740.0M | $5.7B | ||
| Q2 25 | $6.5B | $4.6B | ||
| Q1 25 | $4.0B | $2.4B | ||
| Q4 24 | $2.0B | $4.8B | ||
| Q3 24 | $892.0M | $5.1B | ||
| Q2 24 | $6.2B | $3.1B | ||
| Q1 24 | $3.4B | $1.7B |
| Q4 25 | $2.2B | $4.9B | ||
| Q3 25 | $605.0M | $5.5B | ||
| Q2 25 | $6.3B | $4.6B | ||
| Q1 25 | $3.8B | $2.2B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $755.0M | $5.0B | ||
| Q2 24 | $6.1B | $3.0B | ||
| Q1 24 | $3.3B | $1.5B |
| Q4 25 | 21.2% | 55.5% | ||
| Q3 25 | 5.9% | 63.8% | ||
| Q2 25 | 64.1% | 56.1% | ||
| Q1 25 | 38.2% | 30.6% | ||
| Q4 24 | 18.8% | 63.3% | ||
| Q3 24 | 8.1% | 68.2% | ||
| Q2 24 | 66.6% | 43.4% | ||
| Q1 24 | 35.1% | 23.9% |
| Q4 25 | 1.4% | 1.3% | ||
| Q3 25 | 1.3% | 2.1% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 1.5% | 2.2% | ||
| Q4 24 | 2.2% | 1.3% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.8% | 1.7% | ||
| Q1 24 | 1.6% | 2.5% |
| Q4 25 | 1.11× | 1.23× | ||
| Q3 25 | 0.39× | 1.44× | ||
| Q2 25 | 4.20× | 1.24× | ||
| Q1 25 | 2.32× | 0.73× | ||
| Q4 24 | 1.30× | 1.45× | ||
| Q3 24 | 0.62× | 1.57× | ||
| Q2 24 | 4.08× | 0.96× | ||
| Q1 24 | 2.35× | 0.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRM
| Agentforce Service | $2.5B | 24% |
| Agentforce Sales | $2.3B | 22% |
| Agentforce360Platform Slack And Other | $2.2B | 21% |
| Agentforce Integration And Agentforce Analytics | $1.4B | 14% |
| Agentforce Marketing And Agentforce Commerce | $1.4B | 13% |
| Professional Servicesand Other | $533.0M | 5% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
