Company Rankings

Largest SaaS Companies (2026)

The 25 largest SaaS-led companies ranked by latest fiscal-year revenue in their SEC annual reports, from Salesforce and Adobe to Samsara.

The largest SaaS companies are the businesses whose main product is software sold as a subscription and delivered over the internet (software as a service). This list ranks 25 SaaS-led companies by the revenue reported in their most recent annual report filed with the US Securities and Exchange Commission.

Salesforce leads with revenue of US$41,525m for the year ended January 2026, followed by Adobe (US$23,769m) and Intuit (US$21,448m). Together the 25 companies reported about US$178bn of revenue.

Diversified groups with large cloud-subscription businesses, such as Microsoft, Oracle and SAP, are covered in the list of largest software companies rather than here.

Contents
  1. Overview
  2. Sector context
  3. Methodology notes
  4. Methodology
  5. The list
  6. Full ranking table
  7. Growth ranking
  8. By country
  9. Recent developments
  10. Frequently asked questions
  11. See also

Overview

Software as a service (SaaS) is a model in which a vendor hosts its software and customers pay a recurring subscription to use it through a browser or app, instead of buying a perpetual licence and installing it themselves. The vendor runs the infrastructure, applies updates and stores the data.

The companies here cover the main SaaS categories: customer relationship management (Salesforce, HubSpot), creative and design applications (Adobe, Autodesk), finance and tax (Intuit, BILL), workflow and IT service management (ServiceNow), human resources and payroll (Workday, Paycom, Paylocity), collaboration and communications (Atlassian, Zoom, Twilio, DocuSign, Dropbox), security (CrowdStrike, Zscaler, Okta, Cloudflare), data and developer infrastructure (Snowflake, Datadog, MongoDB), vertical software (Veeva), website building (Wix) and connected operations (Samsara). Adjacent categories, including CRM software, HR software, cybersecurity companies and the largest software companies overall, are covered in separate lists.

Sector context

Growth varies widely. Six companies in the ranking grew revenue by more than 25% in their latest fiscal year (Cloudflare, Samsara, Snowflake, Datadog, Atlassian and Zscaler), while Dropbox's revenue fell 1.1% and Zoom's grew 4.4%. Profitability is uneven as well: Zoom, Adobe and Veeva reported net margins above 25%, but eight of the 25 reported net losses, Snowflake's US$1,332m being the largest.

Consolidation continues. Salesforce completed its acquisition of Informatica in November 2025, adding data-management services to its platform. Several companies in the ranking, including Twilio, Snowflake and MongoDB, charge by usage rather than per user, so their revenue moves with customers' consumption.

Methodology notes

Revenue is the annual figure each company reported in its most recent Form 10-K (or Form 20-F for Wix) as tagged in SEC EDGAR's XBRL company-facts data, using the standard revenue concept. Fiscal years differ: Salesforce, Workday, Autodesk and several others end in January, Intuit and Zscaler in July, Atlassian, BILL and Paylocity in June, and Adobe in November. Figures are therefore not for an identical calendar period.

Inclusion is editorial: companies are included when their core product is software delivered and billed as a cloud subscription or service. Diversified companies whose cloud subscriptions are part of a broader business (Microsoft, Oracle, SAP, IBM), commerce and payments platforms (Shopify, Toast), payroll-outsourcing firms (ADP, Paychex), domain registrars (GoDaddy) and infrastructure-software vendors (Nutanix) are excluded. Headquarters are the business addresses given in SEC filings.

Methodology

Entries are ordered strictly by revenue for the latest fiscal year reported in each company's annual filing with the SEC, retrieved from EDGAR's XBRL company-facts API. Prior-year revenue and net income come from the same filings. Product descriptions for companies in the Forbes Global 2000 draw on Forbes's company profiles.

The list

1

Salesforce

Best for: Customer relationship management

Salesforce designs and develops cloud-based enterprise software for customer relationship management, covering sales-force automation, customer service, marketing automation, digital commerce, collaboration, industry solutions and its development platform. Forbes records that it was founded by Marc Benioff and Parker Harris in 1999. Its annual report for the year ended January 2026 shows revenue of US$41,525m, up 9.6%, and net income of US$7,457m, which makes it the largest company in this ranking by a wide margin: its revenue is about 75% higher than Adobe's. In November 2025 Salesforce completed its acquisition of Informatica, adding data catalogue, integration, governance, data-quality and master-data-management services to its platform.

Recent results

Revenue of US$41,525m in the year ended January 2026, against US$37,895m a year earlier (+9.6%); net income of US$7,457m.

Revenue (latest fiscal year)
US$41,525m
Fiscal year
Year ended january 2026
Prior-year revenue
US$37,895m
Net income
US$7,457m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Largest revenue among SaaS-led companies
  • Net income of US$7.5bn
  • Broad product suite across sales, service and marketing

Limitations

  • Revenue growth slowed to 9.6%
  • Integration of Informatica
  • Complex licensing across many clouds
2

Adobe

Best for: Creative and document software

Adobe provides digital-media and digital-marketing software through Digital Media (creative and document products such as Creative Cloud and Acrobat), Digital Experience and Publishing and Advertising segments. It is headquartered in San Jose, California. For the year ended November 2025 it reported revenue of US$23,769m, up 10.5%, and net income of US$7,130m, a margin of 30%, the second-highest net income in this list after Salesforce and, among the top ten, a margin exceeded only by Zoom's. Adobe sells its creative and document applications as subscriptions, many of which run on customers' own computers while being licensed and updated over the internet; it is included because its products are delivered and billed as cloud subscriptions. Its customers range from individual designers to large enterprises.

Recent results

Revenue of US$23,769m in the year ended November 2025, against US$21,505m a year earlier (+10.5%); net income of US$7,130m.

Revenue (latest fiscal year)
US$23,769m
Fiscal year
Year ended november 2025
Prior-year revenue
US$21,505m
Net income
US$7,130m
Headquarters (SEC filing address)
San Jose, CA
Annual report form
10-K

Strengths

  • Net margin of 30%
  • Revenue growth of 10.5%
  • Widely used creative applications

Limitations

  • Many products are desktop applications licensed by subscription
  • Competition from AI image and video tools
  • Digital Experience faces CRM-suite competition
3

Intuit

Best for: Small-business accounting and tax software

Intuit provides business and financial-management software through Small Business and Self-Employed (QuickBooks online services, payroll, payments and small-business financing), Consumer (TurboTax), Credit Karma and ProTax segments. It is headquartered in Mountain View, California. For the year ended July 2026 Intuit reported revenue of US$21,448m, up 13.9%, and net income of US$4,566m. It has the most recent fiscal year of the companies in the top five. Its customers are mainly consumers and small businesses rather than large enterprises, which sets it apart from Salesforce, ServiceNow and Workday. Part of its revenue comes from payments and financial services linked to its software rather than from subscriptions alone.

Recent results

Revenue of US$21,448m in the year ended July 2026, against US$18,831m a year earlier (+13.9%); net income of US$4,566m.

Revenue (latest fiscal year)
US$21,448m
Fiscal year
Year ended july 2026
Prior-year revenue
US$18,831m
Net income
US$4,566m
Headquarters (SEC filing address)
Mountain View, CA
Annual report form
10-K

Strengths

  • Revenue growth of 13.9%
  • Net income of US$4.6bn
  • Strong consumer and small-business brands

Limitations

  • Revenue is seasonal around the US tax year
  • Payments and lending revenue add cyclical exposure
  • US-focused
4

ServiceNow

Best for: IT and enterprise workflow automation

ServiceNow provides an end-to-end workflow-automation platform, the cloud-based Now Platform, with built-in AI and machine learning; Forbes records it was founded by Frederic B. Luddy in June 2004 and is headquartered in Santa Clara, California. For 2025 it reported revenue of US$13,278m, up 20.9%, and net income of US$1,748m. That growth rate is the highest among the five largest companies in this ranking.

Recent results

Revenue of US$13,278m in the year ended December 2025, against US$10,984m a year earlier (+20.9%); net income of US$1,748m.

Revenue (latest fiscal year)
US$13,278m
Fiscal year
Year ended december 2025
Prior-year revenue
US$10,984m
Net income
US$1,748m
Headquarters (SEC filing address)
Santa Clara, CA
Annual report form
10-K

Strengths

  • Fastest growth in the top five
  • Single platform across many workflows
  • Large-enterprise customer base

Limitations

  • Net margin of 13%
  • Competition from Salesforce and Microsoft
  • Premium pricing
5

Workday

Best for: HR and finance software for large organisations

Workday develops enterprise cloud applications for finance and human resources, including financial management, human capital management and analytics for companies, educational institutions and government agencies. Forbes records it was founded by David Duffield and Aneel Bhusri in 2005; its SEC filings give Pleasanton, California, as its address. For the year ended January 2026 it reported revenue of US$9,552m, up 13.1%, and net income of US$693m. Workday is the largest company in the list that focuses on human-resources software; Paycom and Paylocity, ranked lower, serve smaller employers.

Recent results

Revenue of US$9,552m in the year ended January 2026, against US$8,446m a year earlier (+13.1%); net income of US$693m.

Revenue (latest fiscal year)
US$9,552m
Fiscal year
Year ended january 2026
Prior-year revenue
US$8,446m
Net income
US$693m
Headquarters (SEC filing address)
Pleasanton, CA
Annual report form
10-K

Strengths

  • Revenue growth of 13.1%
  • Cloud-native HR and finance suite
  • Large public-sector and education base

Limitations

  • Net margin of 7%
  • Competition from SAP and Oracle
  • Long implementation projects
6

Autodesk

Best for: Design and engineering software

Autodesk develops design software and services including AutoCAD, Revit, Civil 3D, Fusion 360, Inventor, Maya and 3ds Max, used in architecture, engineering, construction, manufacturing and media. It is headquartered in San Francisco. For the year ended January 2026 it reported revenue of US$7,206m, up 17.5%, and net income of US$1,124m. Like Adobe, Autodesk sells applications that often run on customers' computers under subscription licences, alongside cloud products such as Fusion and its construction-management tools.

Recent results

Revenue of US$7,206m in the year ended January 2026, against US$6,131m a year earlier (+17.5%); net income of US$1,124m.

Revenue (latest fiscal year)
US$7,206m
Fiscal year
Year ended january 2026
Prior-year revenue
US$6,131m
Net income
US$1,124m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Revenue growth of 17.5%
  • Industry-standard CAD products
  • Net margin of 16%

Limitations

  • Many products are desktop software sold by subscription
  • Construction-cycle exposure
  • Competition from Dassault Systèmes
7

Atlassian

Best for: Software-team collaboration

Atlassian sells team-collaboration and software-development tools, including Jira for work and issue tracking and Confluence for documentation, largely through cloud subscriptions. Its annual report on Form 10-K for the year ended June 2026 gives a San Francisco business address. Revenue was US$6,572m, up 26.0%, the fastest growth in the top ten, but it reported a net loss of US$54m.

Recent results

Revenue of US$6,572m in the year ended June 2026, against US$5,215m a year earlier (+26.0%); net income was a loss of US$54m.

Revenue (latest fiscal year)
US$6,572m
Fiscal year
Year ended june 2026
Prior-year revenue
US$5,215m
Net income
loss of US$54m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Revenue growth of 26%
  • Widely used developer tools
  • Revenue above US$6.5bn

Limitations

  • Net loss of US$54m
  • Migration of server customers to cloud
  • Competition from Microsoft and GitLab
8

Twilio

Best for: Messaging and voice APIs

Twilio develops communications software and cloud platforms, reporting Twilio Communications (messaging and voice) and Twilio Segment (customer data, Engage, Flex and email) segments. It is headquartered in San Francisco. For 2025 it reported revenue of US$5,067m, up 13.7%, and net income of US$34m. Twilio charges largely by usage, such as messages sent or minutes of calls, which places it at the edge of the SaaS category; it is included because its products are delivered entirely as cloud services.

Recent results

Revenue of US$5,067m in the year ended December 2025, against US$4,458m a year earlier (+13.7%); net income of US$34m.

Revenue (latest fiscal year)
US$5,067m
Fiscal year
Year ended december 2025
Prior-year revenue
US$4,458m
Net income
US$34m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Revenue growth of 13.7%
  • Large developer base
  • Profitable in the latest year

Limitations

  • Net margin under 1%
  • Usage-based revenue
  • Revenue growth below the top-ten average
9

Zoom Communications

Best for: Video meetings

Zoom Communications provides a communications and collaboration platform; Forbes records it was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, California. For the year ended January 2026 it reported revenue of US$4,869m, up 4.4%, and net income of US$1,900m, a margin of 39%, the highest in this ranking.

Recent results

Revenue of US$4,869m in the year ended January 2026, against US$4,665m a year earlier (+4.4%); net income of US$1,900m.

Revenue (latest fiscal year)
US$4,869m
Fiscal year
Year ended january 2026
Prior-year revenue
US$4,665m
Net income
US$1,900m
Headquarters (SEC filing address)
San Jose, CA
Annual report form
10-K

Strengths

  • Net margin of 39%
  • Strong brand
  • Cash-generative

Limitations

  • Revenue growth of 4.4%
  • Competition from Microsoft Teams
  • Consumer and small-business churn
10

CrowdStrike

Best for: Endpoint security

CrowdStrike provides cloud-delivered protection across endpoints, cloud workloads, identity and data, along with threat intelligence, managed security services and log management. Forbes records it was founded by George Kurtz, Gregg Marston and Dmitri Alperovitch on 7 November 2011; its SEC address is in Austin, Texas. For the year ended January 2026 it reported revenue of US$4,812m, up 21.7%, and a net loss of US$163m. It is the largest security company in this ranking, ahead of Zscaler, Okta and Cloudflare.

Recent results

Revenue of US$4,812m in the year ended January 2026, against US$3,954m a year earlier (+21.7%); net income was a loss of US$163m.

Revenue (latest fiscal year)
US$4,812m
Fiscal year
Year ended january 2026
Prior-year revenue
US$3,954m
Net income
loss of US$163m
Headquarters (SEC filing address)
Austin, TX
Annual report form
10-K

Strengths

  • Revenue growth of 21.7%
  • Largest cloud-security company in the list
  • Single-agent platform

Limitations

  • Net loss
  • High valuation relative to revenue
  • Intense competition
11

Snowflake

Best for: Cloud data warehousing

Snowflake provides cloud data-warehousing software through its Data Cloud, supporting data warehousing, data lakes, data engineering, data science, application development and data sharing. Its SEC filings give a Menlo Park, California, address. For the year ended January 2026 it reported revenue of US$4,684m, up 29.2%, and a net loss of US$1,332m, the largest loss in this ranking. Snowflake charges mainly according to the computing and storage customers consume, so its revenue tracks usage rather than seats.

Recent results

Revenue of US$4,684m in the year ended January 2026, against US$3,626m a year earlier (+29.2%); net income was a loss of US$1,332m.

Revenue (latest fiscal year)
US$4,684m
Fiscal year
Year ended january 2026
Prior-year revenue
US$3,626m
Net income
loss of US$1,332m
Headquarters (SEC filing address)
Menlo Park, CA
Annual report form
10-K

Strengths

  • Revenue growth of 29.2%
  • Cloud-native architecture
  • Large data-sharing ecosystem

Limitations

  • Largest net loss in the list
  • Usage revenue can fluctuate
  • Competition from cloud providers' own data services
12

Datadog

Best for: Infrastructure and application monitoring

Datadog develops a monitoring and analytics platform for developers, IT operations teams and business users, integrating infrastructure monitoring, application performance monitoring and log management. Its SEC address is in New York. For 2025 it reported revenue of US$3,427m, up 27.7%, and net income of US$108m. Datadog is the largest observability company in the list and one of the fastest-growing companies here.

Recent results

Revenue of US$3,427m in the year ended December 2025, against US$2,684m a year earlier (+27.7%); net income of US$108m.

Revenue (latest fiscal year)
US$3,427m
Fiscal year
Year ended december 2025
Prior-year revenue
US$2,684m
Net income
US$108m
Headquarters (SEC filing address)
New York, NY
Annual report form
10-K

Strengths

  • Revenue growth of 27.7%
  • Broad observability suite
  • Profitable

Limitations

  • Thin net margin
  • Usage-based pricing can surprise customers
  • Competition from cloud providers
13

Zscaler

Best for: Zero-trust network security

Zscaler provides a cloud-based internet-security platform including the Zero Trust Exchange, Zscaler Internet Access and Zscaler Private Access; Forbes records it was founded by Jagtar Singh Chaudhry and K. Kailash in September 2007. For the year ended July 2026 it reported revenue of US$3,353m, up 25.4%, and a net loss of US$63m. Zscaler routes customers' internet and application traffic through its own cloud, replacing on-premises firewalls and VPNs.

Recent results

Revenue of US$3,353m in the year ended July 2026, against US$2,673m a year earlier (+25.4%); net income was a loss of US$63m.

Revenue (latest fiscal year)
US$3,353m
Fiscal year
Year ended july 2026
Prior-year revenue
US$2,673m
Net income
loss of US$63m
Headquarters (SEC filing address)
Santa Clara, CA
Annual report form
10-K

Strengths

  • Revenue growth of 25.4%
  • Large security cloud
  • Strong enterprise adoption

Limitations

  • Net loss
  • Competition from Palo Alto Networks
  • Premium pricing
14

DocuSign

Best for: Electronic signatures

DocuSign sells electronic-signature and agreement-management software as cloud subscriptions. Its SEC address is in San Francisco. For the year ended January 2026 it reported revenue of US$3,220m, up 8.2%, and net income of US$309m. DocuSign is the best-known e-signature brand among the companies here and has been extending its product into broader agreement management.

Recent results

Revenue of US$3,220m in the year ended January 2026, against US$2,977m a year earlier (+8.2%); net income of US$309m.

Revenue (latest fiscal year)
US$3,220m
Fiscal year
Year ended january 2026
Prior-year revenue
US$2,977m
Net income
US$309m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Profitable
  • Well-known e-signature brand
  • Recurring subscription revenue

Limitations

  • Revenue growth of 8.2%
  • Core product faces lower-priced rivals
  • Mature market
15

Veeva Systems

Best for: Life-sciences software

Veeva Systems provides industry cloud solutions for pharmaceutical and other life-sciences companies, covering commercial, clinical, regulatory and quality functions. Its SEC address is in Pleasanton, California. For the year ended January 2026 it reported revenue of US$3,195m, up 16.3%, and net income of US$909m, a 28% margin. It is the only company in the ranking dedicated to a single industry.

Recent results

Revenue of US$3,195m in the year ended January 2026, against US$2,747m a year earlier (+16.3%); net income of US$909m.

Revenue (latest fiscal year)
US$3,195m
Fiscal year
Year ended january 2026
Prior-year revenue
US$2,747m
Net income
US$909m
Headquarters (SEC filing address)
Pleasanton, CA
Annual report form
10-K

Strengths

  • Net margin of 28%
  • Revenue growth of 16.3%
  • Deep industry specialisation

Limitations

  • Dependent on one industry
  • Competition from Salesforce in CRM
  • Smaller addressable market
16

HubSpot

Best for: CRM for small and mid-sized businesses

HubSpot sells cloud-based marketing, sales, customer-service and content software built on a shared CRM platform, aimed mainly at small and mid-sized businesses. Its SEC address is in Cambridge, Massachusetts. For 2025 it reported revenue of US$3,131m, up 19.2%, and net income of US$46m. HubSpot competes with Salesforce at the smaller end of the market.

Recent results

Revenue of US$3,131m in the year ended December 2025, against US$2,628m a year earlier (+19.2%); net income of US$46m.

Revenue (latest fiscal year)
US$3,131m
Fiscal year
Year ended december 2025
Prior-year revenue
US$2,628m
Net income
US$46m
Headquarters (SEC filing address)
Cambridge, MA
Annual report form
10-K

Strengths

  • Revenue growth of 19.2%
  • Integrated CRM suite
  • Strong inbound-marketing brand

Limitations

  • Thin net margin
  • Competes with Salesforce
  • SMB customers churn more
17

Okta

Best for: Identity management

Okta provides cloud-based identity and access-management software for workforce and customer identities. Its SEC address is in San Francisco. For the year ended January 2026 it reported revenue of US$2,919m, up 11.8%, and net income of US$235m. Okta is one of four security companies in the top 20, with CrowdStrike, Zscaler and Cloudflare.

Recent results

Revenue of US$2,919m in the year ended January 2026, against US$2,610m a year earlier (+11.8%); net income of US$235m.

Revenue (latest fiscal year)
US$2,919m
Fiscal year
Year ended january 2026
Prior-year revenue
US$2,610m
Net income
US$235m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Profitable
  • Independent identity platform
  • Large integration network

Limitations

  • Revenue growth of 11.8%
  • Competition from Microsoft
  • Security incidents affect trust
18

Dropbox

Best for: File storage and sharing

Dropbox provides cloud file storage, sharing and collaboration services for individuals and businesses. Its SEC address is in San Francisco. For 2025 it reported revenue of US$2,521m, 1.1% lower than in 2024, the only decline in this ranking, and net income of US$508m.

Recent results

Revenue of US$2,521m in the year ended December 2025, against US$2,548m a year earlier (-1.1%); net income of US$508m.

Revenue (latest fiscal year)
US$2,521m
Fiscal year
Year ended december 2025
Prior-year revenue
US$2,548m
Net income
US$508m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Net margin of 20%
  • Large user base
  • Cash-generative

Limitations

  • Revenue fell 1.1%
  • Competition from bundled storage
  • Limited new growth areas
19

MongoDB

Best for: Developer database

MongoDB develops a document database, offered both as software and as Atlas, a managed cloud database service. Its SEC address is in New York. For the year ended January 2026 it reported revenue of US$2,464m, up 22.8%, and a net loss of US$71m. It is the only operational-database company in the ranking.

Recent results

Revenue of US$2,464m in the year ended January 2026, against US$2,006m a year earlier (+22.8%); net income was a loss of US$71m.

Revenue (latest fiscal year)
US$2,464m
Fiscal year
Year ended january 2026
Prior-year revenue
US$2,006m
Net income
loss of US$71m
Headquarters (SEC filing address)
New York, NY
Annual report form
10-K

Strengths

  • Revenue growth of 22.8%
  • Popular with developers
  • Managed cloud service

Limitations

  • Net loss
  • Competition from cloud providers' databases
  • Part of revenue from self-managed licences
20

Cloudflare

Best for: Website security and performance

Cloudflare provides cloud-based services to secure and accelerate websites and applications, including performance, video delivery, security, developer services and domain registration. Its SEC address is in San Francisco. For 2025 it reported revenue of US$2,168m, up 29.8%, the fastest growth in this ranking, and a net loss of US$102m.

Cloudflare's services sit closer to network infrastructure than to application software, but they are sold by subscription.

Recent results

Revenue of US$2,168m in the year ended December 2025, against US$1,670m a year earlier (+29.8%); net income was a loss of US$102m.

Revenue (latest fiscal year)
US$2,168m
Fiscal year
Year ended december 2025
Prior-year revenue
US$1,670m
Net income
loss of US$102m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Fastest revenue growth in the list
  • Global network
  • Large free-tier user base

Limitations

  • Net loss
  • Infrastructure costs
  • High valuation
21

Paycom

Best for: Payroll and HR

Paycom Software sells cloud-based payroll and human-capital-management software to employers. Its SEC address is in Oklahoma City. For 2025 it reported revenue of US$2,052m, up 8.9%, and net income of US$453m, a 22% margin.

Paycom and Paylocity are the two payroll-focused companies in the ranking; Workday serves larger organisations.

Recent results

Revenue of US$2,052m in the year ended December 2025, against US$1,883m a year earlier (+8.9%); net income of US$453m.

Revenue (latest fiscal year)
US$2,052m
Fiscal year
Year ended december 2025
Prior-year revenue
US$1,883m
Net income
US$453m
Headquarters (SEC filing address)
Oklahoma City, OK
Annual report form
10-K

Strengths

  • Net margin of 22%
  • Single-database product
  • Profitable growth

Limitations

  • Revenue growth of 8.9%
  • US-only
  • Competition from ADP and Paylocity
22

Wix.com

Best for: Website building

Wix.com provides a cloud platform for building and running websites and online stores. It files annual reports on Form 20-F and its SEC address is in Tel Aviv, Israel. For 2025 it reported revenue of US$1,993m, up 13.2%, and net income of US$51m. It is the only company in the ranking headquartered outside the United States.

Recent results

Revenue of US$1,993m in the year ended December 2025, against US$1,761m a year earlier (+13.2%); net income of US$51m.

Revenue (latest fiscal year)
US$1,993m
Fiscal year
Year ended december 2025
Prior-year revenue
US$1,761m
Net income
US$51m
Headquarters (SEC filing address)
Tel Aviv, Israel
Annual report form
20-F

Strengths

  • Revenue growth of 13.2%
  • Large self-service customer base
  • Only non-US company in the list

Limitations

  • Thin net margin
  • Competition from Squarespace and Shopify
  • Consumer-like churn
23

BILL Holdings

Best for: SMB finance automation

BILL Holdings sells cloud software that automates accounts payable, accounts receivable and spend management for small and mid-sized businesses. Its SEC address is in San Jose, California. For the year ended June 2026 it reported revenue of US$1,653m, up 13.0%, and a net loss of US$11m. Part of its revenue comes from transaction fees on payments made through its platform.

Recent results

Revenue of US$1,653m in the year ended June 2026, against US$1,463m a year earlier (+13.0%); net income was a loss of US$11m.

Revenue (latest fiscal year)
US$1,653m
Fiscal year
Year ended june 2026
Prior-year revenue
US$1,463m
Net income
loss of US$11m
Headquarters (SEC filing address)
San Jose, CA
Annual report form
10-K

Strengths

  • Revenue growth of 13%
  • Large SMB network
  • Integrated payments

Limitations

  • Net loss
  • Transaction revenue sensitive to interest rates and volumes
  • Competition from banks and fintechs
24

Paylocity

Best for: Payroll and HR

Paylocity sells cloud-based payroll and human-capital-management software to employers. Its SEC address is in Schaumburg, Illinois. For the year ended June 2026 it reported revenue of US$1,651m, up 12.2%, and net income of US$270m. Its revenue was within US$2m of BILL's.

Recent results

Revenue of US$1,651m in the year ended June 2026, against US$1,472m a year earlier (+12.2%); net income of US$270m.

Revenue (latest fiscal year)
US$1,651m
Fiscal year
Year ended june 2026
Prior-year revenue
US$1,472m
Net income
US$270m
Headquarters (SEC filing address)
Schaumburg, IL
Annual report form
10-K

Strengths

  • Net margin of 16%
  • Revenue growth of 12.2%
  • Profitable

Limitations

  • US-focused
  • Competition from Paycom and ADP
  • Smaller than Workday
25

Samsara

Best for: Fleet and operations management

Samsara sells a connected-operations cloud that combines sensors and cameras installed in vehicles and equipment with subscription software for fleet, safety and site management. Its SEC address is in San Francisco. For the year ended January 2026 it reported revenue of US$1,619m, up 29.6%, and a net loss of US$9m.

Recent results

Revenue of US$1,619m in the year ended January 2026, against US$1,249m a year earlier (+29.6%); net income was a loss of US$9m.

Revenue (latest fiscal year)
US$1,619m
Fiscal year
Year ended january 2026
Prior-year revenue
US$1,249m
Net income
loss of US$9m
Headquarters (SEC filing address)
San Francisco, CA
Annual report form
10-K

Strengths

  • Revenue growth of 29.6%
  • Close to break-even
  • Hardware creates switching costs

Limitations

  • Net loss
  • Requires hardware installation
  • Smallest company in the ranking

Full ranking table

RankCompanyRevenueFiscal year endedPrior yearNet incomeHeadquarters
1SalesforceUS$41,525m[3]january 2026US$37,895mUS$7,457mSan Francisco, CA
2AdobeUS$23,769m[4]november 2025US$21,505mUS$7,130mSan Jose, CA
3IntuitUS$21,448m[5]july 2026US$18,831mUS$4,566mMountain View, CA
4ServiceNowUS$13,278m[6]december 2025US$10,984mUS$1,748mSanta Clara, CA
5WorkdayUS$9,552m[1]january 2026US$8,446mUS$693mPleasanton, CA
6AutodeskUS$7,206m[1]january 2026US$6,131mUS$1,124mSan Francisco, CA
7AtlassianUS$6,572m[1]june 2026US$5,215mloss of US$54mSan Francisco, CA
8TwilioUS$5,067m[1]december 2025US$4,458mUS$34mSan Francisco, CA
9Zoom CommunicationsUS$4,869m[1]january 2026US$4,665mUS$1,900mSan Jose, CA
10CrowdStrikeUS$4,812m[1]january 2026US$3,954mloss of US$163mAustin, TX
11SnowflakeUS$4,684m[1]january 2026US$3,626mloss of US$1,332mMenlo Park, CA
12DatadogUS$3,427m[1]december 2025US$2,684mUS$108mNew York, NY
13ZscalerUS$3,353m[1]july 2026US$2,673mloss of US$63mSanta Clara, CA
14DocuSignUS$3,220m[1]january 2026US$2,977mUS$309mSan Francisco, CA
15Veeva SystemsUS$3,195m[1]january 2026US$2,747mUS$909mPleasanton, CA
16HubSpotUS$3,131m[1]december 2025US$2,628mUS$46mCambridge, MA
17OktaUS$2,919m[1]january 2026US$2,610mUS$235mSan Francisco, CA
18DropboxUS$2,521m[1]december 2025US$2,548mUS$508mSan Francisco, CA
19MongoDBUS$2,464m[1]january 2026US$2,006mloss of US$71mNew York, NY
20CloudflareUS$2,168m[1]december 2025US$1,670mloss of US$102mSan Francisco, CA
21PaycomUS$2,052m[1]december 2025US$1,883mUS$453mOklahoma City, OK
22Wix.comUS$1,993m[1]december 2025US$1,761mUS$51mTel Aviv, Israel
23BILL HoldingsUS$1,653m[1]june 2026US$1,463mloss of US$11mSan Jose, CA
24PaylocityUS$1,651m[1]june 2026US$1,472mUS$270mSchaumburg, IL
25SamsaraUS$1,619m[1]january 2026US$1,249mloss of US$9mSan Francisco, CA

Growth ranking

CompanyRevenue growth, latest fiscal year
Cloudflare+29.8%
Samsara+29.6%
Snowflake+29.2%
Datadog+27.7%
Atlassian+26.0%
Zscaler+25.4%
MongoDB+22.8%
CrowdStrike+21.7%
ServiceNow+20.9%
HubSpot+19.2%
Autodesk+17.5%
Veeva Systems+16.3%
Intuit+13.9%
Twilio+13.7%
Wix.com+13.2%
Workday+13.1%
BILL Holdings+13.0%
Paylocity+12.2%
Okta+11.8%
Adobe+10.5%
Salesforce+9.6%
Paycom+8.9%
DocuSign+8.2%
Zoom Communications+4.4%
Dropbox-1.1%

Growth is calculated from the two most recent annual revenue figures in each company's SEC filings.

By country

Country (SEC business address)CompaniesLargestCombined revenue
United States24SalesforceUS$176.2bn
Israel1Wix.comUS$2.0bn

Atlassian's SEC filings give a San Francisco business address, so it is counted under the United States.

Recent developments

  • November 2025: Salesforce completed its acquisition of Informatica.
  • March 2026: Salesforce filed its annual report for the year ended 31 January 2026, reporting revenue of US$41,525m.
  • September 2026: Intuit filed its annual report for the year ended July 2026, reporting revenue of US$21,448m.

Frequently asked questions

What is the largest SaaS company?

Among companies whose main business is SaaS, Salesforce is the largest, with revenue of US$41,525m for the year ended January 2026 according to its SEC annual report. Microsoft, which also sells cloud subscriptions, is a diversified company and is ranked in the list of largest software companies instead.

Is Adobe a SaaS company?

Adobe sells its main creative and document products, including Creative Cloud and Acrobat, by subscription, although many of them run as applications on customers' computers. It is included here as the second-largest company, with revenue of US$23,769m for the year ended November 2025 and net income of US$7,130m.

Which SaaS company is growing fastest?

Among the 25 companies here, Cloudflare grew fastest in its latest fiscal year (29.8%), followed by Samsara (29.6%), Snowflake (29.2%), Datadog (27.7%), Atlassian (26.0%) and Zscaler (25.4%). Dropbox was the only company whose revenue fell.

Why are Microsoft, Oracle and SAP not included?

They run large subscription businesses, but these are part of broader groups that also sell licences, hardware, devices or services. To keep the ranking on a consistent basis, only SaaS-led companies are included; Microsoft, IBM, Oracle and SAP are ranked in the list of largest software companies.

Are SaaS companies profitable?

Many are. Zoom (39%), Adobe (30%), Veeva (28%) and Paycom (22%) reported high net margins in their latest fiscal years. Eight of the 25, including Snowflake, CrowdStrike, Cloudflare and MongoDB, reported net losses.

How is SaaS revenue measured in this list?

By total revenue for the latest fiscal year reported in each company's annual filing with the SEC. This includes any non-subscription revenue such as professional services or transaction fees, and fiscal years end in different months, so figures cover slightly different periods.

See also

Categories: Company Rankings All lists

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