Among 13 well-known US-listed SaaS companies, Salesforce has the largest annual revenue at $41.5 billion for the year ended January 31, 2026, followed by Adobe at $23.8 billion and Intuit at $21.4 billion. Every figure comes from the company's latest 10-K, so this ranks a sample of public companies, not a complete top 50.
A full "top 50 SaaS companies by revenue" cannot be built honestly from public data. Private companies don't publish revenue, and the estimates that circulate for them are rarely sourced. Public companies are different: each files an annual report with the US Securities and Exchange Commission, and the revenue in it is audited. This page ranks the larger US-listed SaaS companies using that data, and says what the ranking leaves out.
For context, I'm an angel investor with 234 investments as of October 2026. Lenny's Newsletter, which ranked me the #1 most active angel investor in 2024, described my investing as primarily in AI and B2B SaaS. This page is a reference for founders and investors, not a recommendation of any stock.
Which SaaS companies have the most revenue?
Ranked by total revenue in the latest fiscal year covered by each company's 10-K, as of October 2026. Growth is the change from the prior fiscal year's revenue in the same filings, rounded to a whole percent.
Salesforce: $41.5 billion, fiscal year ended January 31, 2026, up about 10%.
Adobe: $23.8 billion, fiscal year ended November 28, 2025, up about 11%.
Intuit: $21.4 billion, fiscal year ended July 31, 2026, up about 14%.
ServiceNow: $13.3 billion, year ended December 31, 2025, up about 21%.
Shopify: $11.6 billion, year ended December 31, 2025, up about 30%.
Workday: $9.6 billion, fiscal year ended January 31, 2026, up about 13%.
Autodesk: $7.2 billion, fiscal year ended January 31, 2026, up about 18%.
Atlassian: $6.6 billion, fiscal year ended June 30, 2026, up about 26%.
Twilio: $5.1 billion, year ended December 31, 2025, up about 14%.
Zoom: $4.9 billion, fiscal year ended January 31, 2026, up about 4%.
CrowdStrike: $4.8 billion, fiscal year ended January 31, 2026, up about 22%.
Snowflake: $4.7 billion, fiscal year ended January 31, 2026, up about 29%.
Palantir: $4.5 billion, year ended December 31, 2025, up about 56%.
Together the 13 reported about $159 billion. Salesforce alone is roughly 1.7 times Adobe, the next largest.
What does the ranking leave out?
Read the list as a sample, with these limits:
It is not every SaaS company. It covers US-listed companies that file a 10-K and are commonly counted as SaaS. Foreign filers such as SAP are not included, nor are diversified giants such as Microsoft, Oracle or Alphabet, which don't report SaaS revenue as a single, comparable line.
Private companies are missing. Large private software companies don't publish audited revenue. Any figure for them is an estimate, and this page doesn't use estimates.
Revenue is not the same as SaaS revenue. A company's total revenue can include professional services, payments, licences or usage fees alongside subscriptions. Shopify, Twilio and Intuit, for example, sell more than pure subscription software, which is why the category is blurry.
Fiscal years differ. Adobe's year ended in November 2025, Intuit's in July 2026 and several others' in January 2026, so the periods aren't identical.
Classification is a judgment call. Palantir, Snowflake and CrowdStrike are often called SaaS but are sometimes described as platforms or consumption businesses, so the boundary is fuzzy.
What do the numbers show?
Two patterns stand out in the filings:
Size and growth rarely go together. The three largest companies grew by about 10% to 14%, while Palantir (about 56%), Shopify (about 30%) and Snowflake (about 29%) grew fastest in this group. Zoom, at about 4%, grew slowest.
Scale is concentrated. The top four account for about 63% of the combined revenue of the group.
For where the category is heading, rather than where it stands today, the SaaS trends for 2026 article is the better read.
How should founders and investors use this?
Public filings are the one place where SaaS revenue is audited, so they are a useful benchmark even for a startup.
Use the 10-K, not a list. The revenue breakdown, customer concentration and remaining performance obligations are in the filing, not in a ranking.
Compare growth at scale, not only size. A company growing 10% at $40 billion is a very different story from one growing 30% at $10 billion.
Learn the metrics early. The guide to SaaS metrics angel investors care about lists what early investors ask for, which differ from what public companies report.
Decide horizontal or vertical. Investing in vertical SaaS explains one route, and the top angel investors in B2B SaaS covers who funds it at the earliest stage.
Plan the raise. The SaaS founder's guide to fundraising walks through rounds.
More on this topic is in the technology section.
Frequently Asked Questions
Q:What is the largest SaaS company by revenue?
Among the companies compared here, it is Salesforce, with $41.5 billion in revenue for the fiscal year ended January 31, 2026, according to its 10-K. Adobe is second at $23.8 billion. Microsoft and Oracle are larger companies overall but don't report SaaS revenue as a comparable line.
Q:Why isn't this a top 50 list?
Because there is no complete, audited data for private SaaS companies, and unsourced estimates can mislead. A shorter list built from SEC filings is more reliable than a longer one built from guesses.
Q:Where do I find a company's revenue?
For US-listed companies, search the SEC's EDGAR database for the company's latest annual report (Form 10-K). Revenue is in the income statement and in the management discussion section. Companies also publish a results press release with the same numbers.
Q:Is revenue the same as ARR?
No. Revenue is the amount recognised under accounting rules over a period, as audited in the 10-K. ARR, annual recurring revenue, is a management metric that annualises current subscription contracts. They differ in timing and in what they include.
Q:Which of these companies are growing fastest?
By the latest filings: Palantir (about 56%), Shopify (about 30%) and Snowflake (about 29%). Growth is measured against the prior fiscal year and says nothing about profit or future performance.