This pace of expansion keeps Salesforce on track to hit its longtime goal of reaching $50 billion a year in revenue by fiscal year 2026 (the period that will end in January 2026, but corresponds mostly to calendar year 2025). All Salesforce needs to do is average a high-teens percentage growth rate through that time, excluding further acquisitions. And if free cash flow can grow at the same pace (at roughly a 20% margin to revenue), that means Salesforce stock currently trades for about five times fiscal 2025 free cash flow.