Recent briefings through mid-July 2026 noted that macro conditions during the reporting period were shaped by geopolitical developments centred on the Strait of Hormuz. US military forces conducted airstrikes on Iranian military targets near the strait and downed four Iranian drones that had been targeting a commercial vessel in the area. These developments formed part of the broader geopolitical backdrop against which Salesforce's financial and institutional data was recorded during this period [Brief - 2026-07-19] [Brief - 2026-07-11] [Brief - 2026-07-03].
As of 30 April 2026, Salesforce reported trailing twelve-month revenue of $42.83 billion, representing year-over-year growth of 13.3%. Net income on a TTM basis reached $8.02 billion, with a net margin of 18.7% and a gross margin of 77.6%. Operating margin stood at 20.4%. EPS grew 52.2% year-over-year. The company held $8.94 billion in cash against total debt of $39.28 billion. The price-to-earnings ratio was recorded at 18.96, with a market capitalisation of approximately $152.0 billion [SEC 10-Q - CRM - 2026-04-30].
Insider activity in July 2026 comprised four transactions with a mixed net direction and a net value of zero, indicating no meaningful net accumulation or disposal among insiders during the period [SEC Form 4 - CRM - 2026-07]. Among institutional holders, Citadel added 49% to its CRM position and AQR Capital added 84% to its position. Conversely, Soros Fund Management reduced its position by 30% and ARK Invest reduced its position by 88% [SEC 13F - Citadel - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Soros Fund Mgmt - Q2 2026] [SEC 13F - ARK Invest - Q2 2026].
The prevailing interest rate environment as of the report date showed the 10-year US Treasury yield at 4.71% and the 2-year yield at 4.37%, producing a normal yield curve with a spread of approximately 34 basis points [FRED DGS10] [FRED DGS2]. This report was generated in response to material institutional position changes identified across multiple 13F filings during the most recent reporting quarter.