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Industry · 30 scored · 142 listed

Software - Application Stocks in the US

The 30 Software - Application companies we score in the US are SAP SE ($288.9B, the largest), Shopify Inc., Salesforce, Inc. and 27 more. 18 of the 30 companies we score beat S&P 500 on share price over recent months (1 has no relative-strength reading yet). Prices are as of 4 Nov 2026.

Software - Application: Uber Technologies, Inc. owns the largest revenue base; Shopify Inc. has the fastest current growth.

30Companies scored on this page, of 142 listed
$2.1TCombined market value all of them together
28/29Revenue growing revenue over the last 12 months up on a year earlier
18/30Beating S&P 500 share price doing better than the index (relative strength) (1 has no reading yet)
18 of 30 beat the S&P 500 on share price over recent months

The main question: the biggest companies are not always the ones changing the most.

Start with size. Then the direction of earnings. Then the quality of the business. A share price that leads means more once those three agree.

By Sector AlphaUpdated November 2026Prices as of 4 November 2026How the numbers are worked out

Which are the biggest Software - Application stocks in the US?

The largest Software - Application stocks in the US by market value are SAP SE ($288.9B), Shopify Inc. ($196.9B) and Salesforce, Inc. ($187.0B), at prices of 4 Nov 2026.

The other 20 Software - Application companies are in the full list below.

Share price | market value | P/E, biggest first. Prices and market values as of 4 Nov 2026; ratios as in the score list below.

Which are the Software - Application stocks, ranked?

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 4 Nov 2026.

  1. 1PTC Inc.PTC · $21.2B76.0of 100favourable · strongest on profit growth and ROCE
  2. 2Autodesk, Inc.ADSK · $56.5B72.8of 100favourable · strongest on ROCE and PEG
  3. 3DocuSign, Inc.DOCU · $15.0B66.7of 100favourable · strongest on relative strength versus sector and ROCE improvement
  4. 4Atlassian CorporationTEAM · $48.0B64.0of 100mixed, leaning good · strongest on relative strength versus sector and ROCE improvement
  5. 5Fair Isaac CorporationFICO · $15.1B61.9of 100mixed, leaning good · strongest on ROCE and ROCE improvement
  6. 6Roper Technologies, Inc.ROP · $48.8B61.6of 100mixed, leaning good · strongest on relative strength versus sector and profit growth
  7. 7Intuit Inc.INTU · $95.3B60.3of 100mixed, leaning good · strongest on ROCE and PEG
  8. 8Paychex, Inc.PAYX · $42.3B59.6of 100mixed, leaning good · strongest on ROCE and ROCE improvement
  9. 9Manhattan Associates, Inc.MANH · $15.1B58.6of 100mixed, leaning good · strongest on ROCE and ROCE improvement
  10. 10Workday, Inc.WDAY · $48.7B58.5of 100mixed, leaning good · strongest on profit growth and ROCE improvement

Which Software - Application companies are listed in the US?

The largest 15 of 30 listed US Software - Application companies are named here; all 30 are ranked in the scorecard. Every figure is equal-weighted across those companies and carries its own as-of date. One large company cannot set the reading.

  1. SAP SE$288.9B
  2. Shopify Inc.$196.9B
  3. Salesforce, Inc.$187.0B
  4. Uber Technologies, Inc.$142.8B
  5. Automatic Data Processing, Inc.$119.9B
  6. ServiceNow, Inc.$113.0B
  7. Snowflake Inc.$102.4B
  8. Adobe Inc.$96.7B
  9. Intuit Inc.$95.3B
  10. Cadence Design Systems, Inc.$90.4B
  11. Datadog, Inc.$67.8B
  12. Strategy Inc$60.2B
  13. Autodesk, Inc.$56.5B
  14. Roper Technologies, Inc.$48.8B
  15. Workday, Inc.$48.7B

The remaining 15 Software - Application companies are named and ranked in the scorecard.

How many Software - Application companies are listed in the US?

142 Software - Application companies in the Software - Application industry group (every listed company) have a page on Sector Alpha, by market value as of 4 November 2026, and all 142 are listed below, largest first. The largest is SAP SE ($288.9 billion) and the smallest with a market value is Duos Technologies Group, Inc.

Every Software - Application company with a page, largest first
CompanyMarket value
1. SAP SE SAP$288.9 billion
2. Shopify Inc. SHOP$196.9 billion
3. Salesforce, Inc. CRM$187 billion
4. Uber Technologies, Inc. UBER$142.8 billion
5. Automatic Data Processing, Inc. ADP$119.9 billion
6. ServiceNow, Inc. NOW$113 billion
7. Snowflake Inc. SNOW$102.4 billion
8. Adobe Inc. ADBE$96.7 billion
9. Intuit Inc. INTU$95.3 billion
10. Cadence Design Systems, Inc. CDNS$90.4 billion
11. Datadog, Inc. DDOG$67.8 billion
12. Strategy Inc MSTR$60.2 billion
13. Autodesk, Inc. ADSK$56.5 billion
14. Roper Technologies, Inc. ROP$48.8 billion
15. Workday, Inc. WDAY$48.7 billion
16. Atlassian Corporation TEAM$48 billion
17. Paychex, Inc. PAYX$42.3 billion
18. Fiserv, Inc. FISV$33 billion
19. Zoom Communications, Inc. ZM$26.8 billion
20. PTC Inc. PTC$21.2 billion
21. Unity Software Inc. U$18.7 billion
22. SS&C Technologies Holdings, Inc. SSNC$18.7 billion
23. Tyler Technologies, Inc. TYL$16.8 billion
24. Fair Isaac Corporation FICO$15.1 billion
25. Manhattan Associates, Inc. MANH$15.1 billion
26. DocuSign, Inc. DOCU$15 billion
27. Guidewire Software, Inc. GWRE$14 billion
28. Grab Holdings Limited GRAB$13.6 billion
29. Bentley Systems, Incorporated BSY$13.5 billion
30. Dynatrace, Inc. DT$13.5 billion
31. Paycom Software, Inc. PAYC$11.9 billion
32. Figma, Inc. FIG$11.8 billion
33. Procore Technologies, Inc. PCOR$11.5 billion
34. Chime Financial, Inc. CHYM$11.3 billion
35. HubSpot, Inc. HUBS$10.8 billion
36. JFrog Ltd. FROG$10.6 billion
37. Elastic N.V. ESTC$9.4 billion
38. Full Truck Alliance Co. Ltd. YMM$9.3 billion
39. Paylocity Holding Corporation PCTY$9.1 billion
40. ServiceTitan, Inc. TTAN$8.5 billion
41. AppFolio, Inc. APPF$8.4 billion
42. The Descartes Systems Group Inc. DSGX$8.1 billion
43. Clear Secure, Inc. YOU$8 billion
44. InterDigital, Inc. IDCC$7.9 billion
45. Duolingo, Inc. DUOL$7.6 billion
46. Clearwater Analytics Holdings, Inc. CWAN$7.4 billion
47. Lyft, Inc. LYFT$7.1 billion
48. Navan, Inc. NAVN$7 billion
49. Commvault Systems, Inc. CVLT$6.6 billion
50. RingCentral, Inc. RNG$6.6 billion
51. Open Text Corporation OTEX$6.4 billion
52. Klaviyo, Inc. KVYO$6.1 billion
53. NICE Ltd. NICE$6 billion
54. Pegasystems Inc. PEGA$5.6 billion
55. Braze, Inc. BRZE$5.2 billion
56. Workiva Inc. WK$4.6 billion
57. Q2 Holdings, Inc. QTWO$4.6 billion
58. CCC Intelligent Solutions Holdings Inc. CCC$4.5 billion
59. BILL Holdings, Inc. BILL$4.4 billion
60. Dave Inc. DAVE$4.3 billion
61. Sportradar Group AG SRAD$4.3 billion
62. monday.com Ltd. MNDY$4.1 billion
63. Life360, Inc. LIF$3.6 billion
64. NCR Atleos Corporation NATL$3.5 billion
65. Freshworks Inc. FRSH$3.5 billion
66. Intapp, Inc. INTA$3.5 billion
67. Agilysys, Inc. AGYS$3.5 billion
68. Fastly, Inc. FSLY$3.4 billion
69. Alarm.com Holdings, Inc. ALRM$3.3 billion
70. Via Transportation, Inc. VIA$3.2 billion
71. Pattern Group Inc. PTRN$3.1 billion
72. SPS Commerce, Inc. SPSC$3 billion
73. Webull Corporation BULL$2.9 billion
74. Asana, Inc. ASAN$2.7 billion
75. Vertex, Inc. VERX$2.6 billion
76. Blackbaud, Inc. BLKB$2.5 billion
77. nCino, Inc. NCNO$2.5 billion
78. Grindr Inc. GRND$2.4 billion
79. Kingsoft Cloud Holdings Limited KC$2.4 billion
80. ePlus inc. PLUS$2.3 billion
81. Amplitude, Inc. AMPL$2.1 billion
82. Karooooo Ltd. KARO$2 billion
83. BlackLine, Inc. BL$2 billion
84. Diebold Nixdorf, Incorporated DBD$1.9 billion
85. SoundHound AI, Inc. SOUN$1.9 billion
86. Adeia Inc. ADEA$1.9 billion
87. Bitdeer Technologies Group BTDR$1.8 billion
88. Wealthfront Corporation WLTH$1.7 billion
89. Donnelley Financial Solutions, Inc. DFIN$1.7 billion
90. PDF Solutions, Inc. PDFS$1.7 billion
91. Sprinklr, Inc. CXM$1.6 billion
92. EverCommerce Inc. EVCM$1.5 billion
93. Lightspeed Commerce Inc. LSPD$1.5 billion
94. Ibotta, Inc. IBTA$1.5 billion
95. WeRide Inc. WRD$1.4 billion
96. Alkami Technology, Inc. ALKT$1.4 billion
97. Upbound Group, Inc. UPBD$1.4 billion
98. PagerDuty, Inc. PD$1.3 billion
99. Red Violet, Inc. RDVT$1.3 billion
100. ZoomInfo Technologies Inc. GTM$1.2 billion
101. Riskified Ltd. RSKD$1.2 billion
102. Digital Turbine, Inc. APPS$1.2 billion
103. Daily Journal Corporation DJCO$914 million
104. Viant Technology Inc. DSP$873 million
105. Mitek Systems, Inc. MITK$861 million
106. Yalla Group Limited YALA$856 million
107. PAR Technology Corporation PAR$786 million
108. Similarweb Ltd. SMWB$777 million
109. MNTN, Inc. MNTN$776 million
110. Docebo Inc. DCBO$771 million
111. PubMatic, Inc. PUBM$745 million
112. VTEX VTEX$693 million
113. Sprout Social, Inc. SPT$630 million
114. MMTec, Inc. MTC$535 million
115. Ooma, Inc. OOMA$525 million
116. Yuanbao Inc. YB$523 million
117. Rimini Street, Inc. RMNI$488 million
118. AMTD Digital Inc. HKD$468 million
119. Materialise NV MTLS$424 million
120. mF International Limited MFI$400 million
121. Cerence Inc. CRNC$396 million
122. CS Disco, Inc. LAW$376 million
123. Agora, Inc. API$365 million
124. Alight, Inc. ALIT$337 million
125. 8x8, Inc. EGHT$326 million
126. Platinum Analytics Cayman Limited PLTS$316 million
127. SmartRent, Inc. SMRT$310 million
128. Blend Labs, Inc. BLND$303 million
129. Asure Software, Inc. ASUR$294 million
130. Commerce.com, Inc. CMRC$286 million
131. A2Z Cust2Mate Solutions Corp. AZ$284 million
132. Ribbon Communications Inc. RBBN$276 million
133. Gloo Holdings, Inc. GLOO$265 million
134. Xperi Inc. XPER$261 million
135. Immersion Corporation IMMR$238 million
136. Kaltura, Inc. KLTR$235 million
137. Expensify, Inc. EXFY$217 million
138. Perfect Corp. PERF$203 million
139. CURRENC Group Inc. CURR$200 million
140. Silvaco Group, Inc. SVCO$197 million
141. DHI Group, Inc. DHX$193 million
142. Duos Technologies Group, Inc. DUOT$177 million

Download all 142 Software - Application companies (CSV)

How has Software - Application moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this industry is 16% behind S&P 500. Earnings across its companies grew 13% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 19 weeks running.

Fading · −6 in 4w Fundamentals up, price down

66 of 141 companies ahead of S&P 500 by 5% or more over three months. 12 are 20% or more behind over a year while earnings grew 20% or more.

Ahead of S&P 500 on the three-month view for 19 weeks running; 104 of the 141 companies in the industry index above their 200-day average (12 more than four weeks earlier); 66 of those 141 ahead of S&P 500 by 5% or more over three months (6 fewer than four weeks earlier); earnings rising at 96 of the 138 that report earnings.

Participation is shrinking, 72 → 66 of 141 over four weeks, after being ahead of S&P 500. Price-only fade, 96 of 138 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.

1Y

Software - Application against S&P 500

Both lines start at 200 in the first week shown

  • Software - Application 221
  • S&P 500 228
Software - Application against S&P 500
Week endingSoftware - ApplicationS&P 500
14 Nov 2025200200
21 Nov 2025191196
28 Nov 2025200203
5 Dec 2025204204
12 Dec 2025205203
19 Dec 2025203203
26 Dec 2025204205
2 Jan 2026197203
9 Jan 2026202207
16 Jan 2026191206
23 Jan 2026192205
30 Jan 2026178206
6 Feb 2026168206
13 Feb 2026164203
20 Feb 2026163205
27 Feb 2026165204
6 Mar 2026173200
13 Mar 2026165197
20 Mar 2026163193
27 Mar 2026157189
3 Apr 2026165195
10 Apr 2026156202
17 Apr 2026176211
24 Apr 2026172213
1 May 2026179215
8 May 2026182220
15 May 2026171220
22 May 2026176222
29 May 2026186225
5 Jun 2026179220
12 Jun 2026176221
19 Jun 2026174222
26 Jun 2026179217
3 Jul 2026189222
10 Jul 2026190225
17 Jul 2026191221
24 Jul 2026183220
31 Jul 2026196222
7 Aug 2026211230
14 Aug 2026214231
21 Aug 2026216228
28 Aug 2026221229
4 Sep 2026215229
11 Sep 2026206227
18 Sep 2026206227
25 Sep 2026205230
2 Oct 2026205229
9 Oct 2026212232
16 Oct 2026209227
23 Oct 2026222226
30 Oct 2026215225
6 Nov 2026221228

3Y

Software - Application against S&P 500

Both lines start at 200 in the first week shown, every 2nd week shown

  • Software - Application 330
  • S&P 500 340
Software - Application against S&P 500
Week endingSoftware - ApplicationS&P 500
17 Nov 2023200200
24 Nov 2023202202
8 Dec 2023213204
22 Dec 2023226210
5 Jan 2024214208
19 Jan 2024223214
2 Feb 2024230219
16 Feb 2024238222
1 Mar 2024242228
15 Mar 2024239226
29 Mar 2024246232
12 Apr 2024234227
26 Apr 2024234226
10 May 2024234231
24 May 2024237235
7 Jun 2024230237
21 Jun 2024233242
5 Jul 2024241246
19 Jul 2024244244
2 Aug 2024232236
16 Aug 2024245246
30 Aug 2024250250
13 Sep 2024247249
27 Sep 2024259254
11 Oct 2024268257
25 Oct 2024266257
8 Nov 2024295265
22 Nov 2024314264
6 Dec 2024332270
20 Dec 2024317262
3 Jan 2025316263
17 Jan 2025312265
31 Jan 2025320267
14 Feb 2025325271
28 Feb 2025304264
14 Mar 2025285250
28 Mar 2025284247
11 Apr 2025268237
25 Apr 2025289244
9 May 2025308250
23 May 2025312257
6 Jun 2025321266
20 Jun 2025308264
4 Jul 2025329277
18 Jul 2025325278
1 Aug 2025308276
15 Aug 2025310285
29 Aug 2025322286
12 Sep 2025323292
26 Sep 2025324294
10 Oct 2025305290
24 Oct 2025321300
7 Nov 2025304298
21 Nov 2025285292
5 Dec 2025304304
19 Dec 2025303302
2 Jan 2026294303
16 Jan 2026285307
30 Jan 2026266307
13 Feb 2026244302
27 Feb 2026247304
13 Mar 2026246294
27 Mar 2026234281
10 Apr 2026233301
24 Apr 2026257317
8 May 2026271327
22 May 2026262331
5 Jun 2026267327
19 Jun 2026259331
3 Jul 2026282330
17 Jul 2026284330
31 Jul 2026293331
14 Aug 2026319344
28 Aug 2026329341
11 Sep 2026308339
25 Sep 2026305342
9 Oct 2026317345
23 Oct 2026331337
6 Nov 2026330340

5Y

Software - Application against S&P 500

Both lines start at 200 in the first week shown, every 4th week shown

  • Software - Application 249
  • S&P 500 327
Software - Application against S&P 500
Week endingSoftware - ApplicationS&P 500
19 Nov 2021200200
10 Dec 2021178201
7 Jan 2022161199
4 Feb 2022150191
4 Mar 2022137184
1 Apr 2022149193
29 Apr 2022128176
27 May 2022120177
24 Jun 2022119166
22 Jul 2022117169
19 Aug 2022126180
16 Sep 2022115164
14 Oct 2022104153
11 Nov 2022116170
9 Dec 2022112168
6 Jan 2023111166
3 Feb 2023134176
3 Mar 2023132172
31 Mar 2023133175
28 Apr 2023127177
26 May 2023135179
23 Jun 2023143185
21 Jul 2023153193
18 Aug 2023144186
15 Sep 2023149189
13 Oct 2023140184
10 Nov 2023144188
8 Dec 2023161196
5 Jan 2024161200
2 Feb 2024173211
1 Mar 2024182219
29 Mar 2024185223
26 Apr 2024176217
24 May 2024179226
21 Jun 2024176232
19 Jul 2024184234
16 Aug 2024185236
13 Sep 2024186240
11 Oct 2024202247
8 Nov 2024222255
6 Dec 2024251259
3 Jan 2025239252
31 Jan 2025242257
28 Feb 2025229253
28 Mar 2025214237
25 Apr 2025218235
23 May 2025236247
20 Jun 2025232253
18 Jul 2025245268
15 Aug 2025234274
12 Sep 2025243280
10 Oct 2025230279
7 Nov 2025230286
5 Dec 2025229292
2 Jan 2026222291
30 Jan 2026201295
27 Feb 2026186293
27 Mar 2026177270
24 Apr 2026194305
22 May 2026198318
19 Jun 2026196319
17 Jul 2026215317
14 Aug 2026240331
11 Sep 2026232326
9 Oct 2026239332
6 Nov 2026249327

Earnings, each company rebased to 100, the sector takes the median

Latest quarter July to September 2026: 169.8, from 12 companies

Earnings, each company rebased to 100, the sector takes the median
QuarterMedian earnings index
Jan 2022100.0 (33 companies)
Apr 2022100.0 (42 companies)
Jul 202297.9 (42 companies)
Oct 202299.8 (45 companies)
Jan 2023100.7 (42 companies)
Apr 2023108.1 (45 companies)
Jul 2023111.2 (43 companies)
Oct 2023115.3 (47 companies)
Jan 2024114.0 (45 companies)
Apr 2024122.8 (47 companies)
Jul 2024122.1 (45 companies)
Oct 2024142.3 (48 companies)
Jan 2025147.4 (47 companies)
Apr 2025152.7 (47 companies)
Jul 2025156.3 (46 companies)
Oct 2025165.8 (47 companies)
Jan 2026170.5 (46 companies)
Apr 2026167.0 (48 companies)
Jul 2026169.8 (12 companies)

Both lines start at 200 in the same week, so the gap between them tells the story: the industry line is an equal-weighted index of its 141 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the industry taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Is Software - Application outperforming S&P 500?

Software - Application has done worse than the S&P 500 by 13.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.1%. Atlassian Corporation is the strongest against the sector itself at +33%.

+10.1%Sector vs S&P 500 · 13 weeks
−13.8%Sector vs S&P 500 · 52 weeks
18 of 30Stocks leading S&P 500
12 of 30Stocks leading the sector

What is the bottom line on Software - Application?

Software - Application has done worse than the S&P 500 by 13.8% over 52 weeks, but is 10.1% ahead over the last 13 weeks. 18 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 12 of the 29 with a long enough price history are ahead of the industry itself.

How does each Software - Application stock score?

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Growth & earnings · 35% Capital efficiency · 25% Valuation · 20% Relative strength · 20%

PTC Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 81.1% evidence confidence.

Zoom Communications, Inc. scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

  1. 1PTC Inc.PTC · breaking out · favourable · 81% evidence76.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.8/35 · Revenue 19.5% · PAT 100% · OPM change −4.6 pp · 83% evidenceCapital efficiency 18.9/25 · ROCE 22.7% · OPM 28.2% · 76% evidenceValuation 15.2/20 · P/E 10.7× · PEG 0.8 · 65% evidenceRelative strength 18.1/20 · RS sector 9.7% · RS bench 19.6% · 1Y 10.8% · 100% evidence · 10 of 12 weeks aheadExact sum: 23.8 + 18.9 + 15.2 + 18.1 = 76 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  2. 2Autodesk, Inc.ADSK · breaking out · favourable · 85% evidence72.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.0/35 · Revenue 17.9% · PAT 57.4% · OPM change 3.7 pp · 95% evidenceCapital efficiency 20.0/25 · ROCE 34.2% · OPM 29.2% · 76% evidenceValuation 14.2/20 · P/E 30.1× · PEG 0.72 · 65% evidenceRelative strength 9.6/20 · RS sector −5.7% · RS bench 2.9% · 1Y −9.1% · 100% evidence · 7 of 12 weeks aheadExact sum: 29 + 20 + 14.2 + 9.6 = 72.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3DocuSign, Inc.DOCU · leader · favourable · 85% evidence66.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 22.5/35 · Revenue 8.6% · PAT 17.9% · OPM change 5.3 pp · 95% evidenceCapital efficiency 14.8/25 · ROCE 20.2% · OPM 13.4% · 76% evidenceValuation 10.6/20 · P/E 31.7× · PEG 1.42 · 65% evidenceRelative strength 18.8/20 · RS sector 21.1% · RS bench 31.4% · 1Y 15.5% · 100% evidence · 12 of 12 weeks aheadExact sum: 22.5 + 14.8 + 10.6 + 18.8 = 66.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4Atlassian CorporationTEAM · leader · mixed, leaning good · 64% evidence64.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 25.2/35 · Revenue 26% · PAT — · OPM change 14.4 pp · 62% evidenceCapital efficiency 8.7/25 · ROCE 11.7% · OPM 12.3% · 76% evidenceValuation 11.5/20 · P/E −366.7× · PEG — · 15% evidenceRelative strength 18.6/20 · RS sector 33% · RS bench 42.4% · 1Y 20.2% · 100% evidence · 12 of 12 weeks aheadExact sum: 25.2 + 8.7 + 11.5 + 18.6 = 64 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  5. 5Fair Isaac CorporationFICO · basing · mixed, leaning good · 81% evidence61.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 27.9/35 · Revenue 24.1% · PAT 28.4% · OPM change 4.9 pp · 83% evidenceCapital efficiency 21.2/25 · ROCE 96.5% · OPM 53.8% · 76% evidenceValuation 12.4/20 · P/E 34× · PEG 0.96 · 65% evidenceRelative strength 0.4/20 · RS sector −51.2% · RS bench −46.9% · 1Y −59.7% · 100% evidence · 0 of 12 weeks aheadExact sum: 27.9 + 21.2 + 12.4 + 0.4 = 61.9 · What this means: Earnings are strong; relative strength in its sector is −51.2% and the one-year return is −59.7%.
  6. 6Roper Technologies, Inc.ROP · turning · mixed, leaning good · 85% evidence61.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 19.9/35 · Revenue 9.2% · PAT 65% · OPM change 0.3 pp · 95% evidenceCapital efficiency 11.2/25 · ROCE 7.9% · OPM 28.7% · 76% evidenceValuation 12.4/20 · P/E 13.3× · PEG 1.37 · 65% evidenceRelative strength 18.1/20 · RS sector 10.2% · RS bench 20.4% · 1Y 10.2% · 100% evidence · 8 of 12 weeks aheadExact sum: 19.9 + 11.2 + 12.4 + 18.1 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Intuit Inc.INTU · breaking out · mixed, leaning good · 85% evidence60.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.0/35 · Revenue 13.9% · PAT 18% · OPM change 8.7 pp · 95% evidenceCapital efficiency 17.1/25 · ROCE 23.2% · OPM 17.6% · 76% evidenceValuation 13.8/20 · P/E 18.9× · PEG 0.94 · 65% evidenceRelative strength 5.4/20 · RS sector −25.7% · RS bench −20.2% · 1Y −45% · 100% evidence · 10 of 12 weeks aheadExact sum: 24 + 17.1 + 13.8 + 5.4 = 60.3 · What this means: Earnings are strong; relative strength in its sector is −25.7% and the one-year return is −45%.
  8. 8Paychex, Inc.PAYX · basing · mixed, leaning good · 85% evidence59.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.8/35 · Revenue 14% · PAT 12% · OPM change 1.8 pp · 95% evidenceCapital efficiency 20.1/25 · ROCE 28.9% · OPM 38.5% · 76% evidenceValuation 9.4/20 · P/E 25.1× · PEG 1.89 · 65% evidenceRelative strength 8.3/20 · RS sector −3.7% · RS bench 5.7% · 1Y 6.2% · 100% evidence · 5 of 12 weeks aheadExact sum: 21.8 + 20.1 + 9.4 + 8.3 = 59.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Manhattan Associates, Inc.MANH · leader · mixed, leaning good · 81% evidence58.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 14.8/35 · Revenue 6.4% · PAT −5.4% · OPM change −2.1 pp · 83% evidenceCapital efficiency 20.6/25 · ROCE 126.2% · OPM 25% · 76% evidenceValuation 4.1/20 · P/E 39.2× · PEG 5.72 · 65% evidenceRelative strength 19.1/20 · RS sector 32.3% · RS bench 44.3% · 1Y 46.6% · 100% evidence · 12 of 12 weeks aheadExact sum: 14.8 + 20.6 + 4.1 + 19.1 = 58.6 · What this means: Relative strength against the index is 44.3%, and revenue and profit growth are weak.
  10. 10Workday, Inc.WDAY · breaking out · mixed, leaning good · 85% evidence58.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.8/35 · Revenue 13.3% · PAT 100% · OPM change 1.2 pp · 95% evidenceCapital efficiency 10.7/25 · ROCE 13.1% · OPM 11.8% · 76% evidenceValuation 7.9/20 · P/E 31.7× · PEG 2.02 · 65% evidenceRelative strength 15.1/20 · RS sector 4.4% · RS bench 12.6% · 1Y −10.3% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.8 + 10.7 + 7.9 + 15.1 = 58.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Bentley Systems, IncorporatedBSY · breaking out · mixed, leaning good · 81% evidence57.6out of 100GrowthCapitalValuationRelative
  12. 12SAP SESAP · breaking out · mixed, leaning good · 85% evidence56.7out of 100GrowthCapitalValuationRelative
  13. 13Automatic Data Processing, Inc.ADP · leader · mixed, leaning good · 81% evidence55.1out of 100GrowthCapitalValuationRelative
  14. 14Salesforce, Inc.CRM · breaking out · mixed, leaning good · 85% evidence53.8out of 100GrowthCapitalValuationRelative
  15. 15Adobe Inc.ADBE · quiet · mixed, leaning good · 85% evidence52.9out of 100GrowthCapitalValuationRelative
  16. 16Guidewire Software, Inc.GWRE · fading · mixed, leaning weak · 75% evidence49.8out of 100GrowthCapitalValuationRelative
  17. 17Snowflake Inc.SNOW · quiet · mixed, leaning weak · 64% evidence49.3out of 100GrowthCapitalValuationRelative
  18. 18Shopify Inc.SHOP · fading · mixed, leaning weak · 81% evidence46.7out of 100GrowthCapitalValuationRelative
  19. 19Unity Software Inc.U · quiet · mixed, leaning weak · 61% evidence46.6out of 100GrowthCapitalValuationRelative
  20. 20Zoom Communications, Inc.ZM · quiet · mixed, leaning weak · 85% evidence45.1out of 100GrowthCapitalValuationRelative
  21. 21Cadence Design Systems, Inc.CDNS · basing · mixed, leaning weak · 81% evidence44.7out of 100GrowthCapitalValuationRelative
  22. 22SS&C Technologies Holdings, Inc.SSNC · fading · mixed, leaning weak · 85% evidence42.9out of 100GrowthCapitalValuationRelative
  23. 23Fiserv, Inc.FISV · turning · mixed, leaning weak · 81% evidence42.8out of 100GrowthCapitalValuationRelative
  24. 24Uber Technologies, Inc.UBER · basing · mixed, leaning weak · 71% evidence41.3out of 100GrowthCapitalValuationRelative
  25. 25Tyler Technologies, Inc.TYL · breaking out · mixed, leaning weak · 81% evidence40.9out of 100GrowthCapitalValuationRelative
  26. 26Grab Holdings LimitedGRAB · basing · mixed, leaning weak · 71% evidence39.5out of 100GrowthCapitalValuationRelative
  27. 27Datadog, Inc.DDOG · quiet · mixed, leaning weak · 71% evidence39.3out of 100GrowthCapitalValuationRelative
  28. 28Strategy IncMSTR · breaking out · weak · 67% evidence29.3out of 100GrowthCapitalValuationRelative
  29. 29ServiceNow, Inc.NOW · quiet · weak · 81% evidence27.3out of 100GrowthCapitalValuationRelative

Ranked last: too little evidence (1 company)

Under 60% of the evidence behind this score is available, so it ranks after every company above, whatever the score.

  1. 30Bending Spoons S.p.A.BSP · breaking out · provisional · 28% evidence48.0out of 100GrowthCapitalValuationRelative
How this score is built, and what the marks mean

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

How have Software - Application share prices moved?

Manhattan Associates, Inc. has the strongest one-year price move in Software - Application at +46.6%. It also leads on relative strength against the S&P 500, at +44.3%. 18 of 30 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 314 weekly closes through 4 November 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs S&P 500: How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Software - Application itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

1Y

Price of the 5 strongest one-year movers, each started at 100

52 weekly closes

  • Manhattan Associates, 146
  • Atlassian Corporation 125
  • Automatic Data 120
  • DocuSign, Inc. 119
  • Zoom Communications, 109
  • S&P 500 114
Price of the 5 strongest one-year movers, each started at 100
Week endingManhattan Associates,Atlassian CorporationAutomatic DataDocuSign, Inc.Zoom Communications,S&P 500
14 Nov 2025100100100100100100
21 Nov 20259696100979398
28 Nov 20259999101102101102
5 Dec 202510110510397104102
12 Dec 202598107105105106102
19 Dec 202599106102103107101
26 Dec 202599108102103105103
2 Jan 2026941021009699102
9 Jan 20269997105102101103
16 Jan 202697781038496103
23 Jan 2026988710285102103
30 Jan 202685789878109103
6 Feb 202681629170110103
13 Feb 202679568466110102
20 Feb 202681508566107103
27 Feb 20267650856788102
6 Mar 20268655897292100
13 Mar 2026795082698899
20 Mar 2026774983709197
27 Mar 2026724380689294
3 Apr 2026764581719898
10 Apr 20266838756394101
17 Apr 202675447968105106
24 Apr 202680477868109106
1 May 202679598571123107
8 May 202680608471130110
15 May 202674588570119110
22 May 202678568973125111
29 May 202684718878121113
5 Jun 202683669270121110
12 Jun 202680588967111110
19 Jun 202674558664103111
26 Jun 202677528867103109
3 Jul 202685559668104111
10 Jul 202687599673107112
17 Jul 2026926210178108111
24 Jul 202685579974105110
31 Jul 20261076710581114111
7 Aug 20261109810789124115
14 Aug 202611110710892126116
21 Aug 202612011311192128114
28 Aug 202612512511495117115
4 Sep 2026120125110101120115
11 Sep 202611311810697114114
18 Sep 2026119127107102105113
25 Sep 2026116124104100107115
2 Oct 2026115124102102110115
9 Oct 2026115136107105116116
16 Oct 2026125137114110112114
23 Oct 2026134150120126114113
30 Oct 2026139126116121113113
6 Nov 2026146125120119109114

3Y

Price of the 5 strongest one-year movers, each started at 100

156 weekly closes, every 2nd shown

  • Manhattan Associates, 117
  • Atlassian Corporation 103
  • Automatic Data 132
  • DocuSign, Inc. 187
  • Zoom Communications, 143
  • S&P 500 170
Price of the 5 strongest one-year movers, each started at 100
Week endingManhattan Associates,Atlassian CorporationAutomatic DataDocuSign, Inc.Zoom Communications,S&P 500
17 Nov 2023100100100100100100
24 Nov 202310198101100101101
8 Dec 2023100104100116114102
22 Dec 202399130101141113105
5 Jan 202490122103127104104
19 Jan 2024100131104147108107
2 Feb 2024113118109135100110
16 Feb 202411011211011797111
1 Mar 2024116113109127111114
15 Mar 2024111105106132103113
29 Mar 2024113106109139102116
12 Apr 202410711210613796113
26 Apr 2024949710613397113
10 May 2024989710813597116
24 May 20241039110913398117
7 Jun 2024998811012198119
21 Jun 20241088810812392121
5 Jul 202411210110312791123
19 Jul 2024999510813092122
2 Aug 20241107811512091118
16 Aug 20241158311513291123
30 Aug 202411990120138108125
13 Sep 202411989121132105125
27 Sep 202412687119144109127
11 Oct 2024135101126160110129
25 Oct 2024124102126161113129
8 Nov 2024128129133185127133
22 Nov 2024126141133193134132
6 Dec 2024136151133249135135
20 Dec 2024126139128220134131
3 Jan 2025123135127210129131
17 Jan 2025123136129209122133
31 Jan 202594166132225136134
14 Feb 202586169134203133135
28 Feb 202580154137194115132
14 Mar 202578118127200116125
28 Mar 202578118131194117123
11 Apr 202572107131173111118
25 Apr 202579124127193119122
9 May 202583112134194127125
23 May 202584112140197124129
6 Jun 202587116143175125133
20 Jun 202584103134175122132
4 Jul 202590115135184123139
18 Jul 202591105132185117139
1 Aug 20259799131172111138
15 Aug 20259790132165114143
29 Aug 20259796133179127143
12 Sep 20259795128187131146
26 Sep 20259590127190132147
10 Oct 20258978124159125145
24 Oct 20258888123166131150
7 Nov 20258085111162127149
21 Nov 20257779110152123146
5 Dec 20258186114153137152
19 Dec 20257987112163140151
2 Jan 20267584110151130152
16 Jan 20267864114132126153
30 Jan 20266864108122144154
13 Feb 2026634693104144151
27 Feb 2026614193105115152
13 Mar 2026644191110116147
27 Mar 2026573588106121141
10 Apr 2026553182100124151
24 Apr 2026643986108144158
8 May 2026655093112170164
22 May 2026634698115165165
5 Jun 20266754101110159164
19 Jun 2026604595101135166
3 Jul 20266845106107136165
17 Jul 20267450111123142165
31 Jul 20268655116128150166
14 Aug 20268988119144165172
28 Aug 2026101103125149154171
11 Sep 20269197117153149170
25 Sep 202693102115157140171
9 Oct 202692112118166152173
23 Oct 2026107123133199149169
6 Nov 2026117103132187143170

5Y

Price of the 5 strongest one-year movers, each started at 100

260 weekly closes, every 4th shown

  • Manhattan Associates, 155
  • Atlassian Corporation 44
  • Automatic Data 128
  • DocuSign, Inc. 31
  • Zoom Communications, 37
  • S&P 500 164
Price of the 5 strongest one-year movers, each started at 100
Week endingManhattan Associates,Atlassian CorporationAutomatic DataDocuSign, Inc.Zoom Communications,S&P 500
19 Nov 2021100100100100100100
10 Dec 202189871005574100
7 Jan 20228371100526899
4 Feb 2022777587455796
4 Mar 2022786288394392
1 Apr 2022837198414797
29 Apr 2022785292314088
27 May 2022734394334489
24 Jun 2022724892264983
22 Jul 2022714793254284
19 Aug 20228963109254090
16 Sep 2022825798223182
14 Oct 2022734495172976
11 Nov 20227433105203585
9 Dec 20227132108192984
6 Jan 20237128101212883
3 Feb 2023893995253288
3 Mar 2023884195252886
31 Mar 2023924094222987
28 Apr 2023993493192489
26 May 20231073989212690
23 Jun 20231123890192792
21 Jul 202311541100202896
18 Aug 202311143106182693
15 Sep 202311847103172895
13 Oct 202311944104152592
10 Nov 20231274196162594
8 Dec 20231324596192998
5 Jan 202411953992127100
2 Feb 2024149511052226105
1 Mar 2024153491052128109
29 Mar 2024149451052326112
26 Apr 2024124421022225108
24 May 2024136391052225113
21 Jun 2024143381042023116
19 Jul 2024130411042123117
16 Aug 2024152361112223118
13 Sep 2024157381172227120
11 Oct 2024178441212628124
8 Nov 2024169551283032128
6 Dec 2024180651284134130
3 Jan 2025162581233433126
31 Jan 2025124711273735128
28 Feb 2025105661333229127
28 Mar 2025103511263230119
25 Apr 2025104531233130117
23 May 2025110481353232124
20 Jun 2025111441292931127
18 Jul 2025120451273030134
15 Aug 2025128391272729137
12 Sep 2025129411233133140
10 Oct 2025117341202632139
7 Nov 2025106371072733143
5 Dec 2025107371102535146
2 Jan 202699361062533146
30 Jan 202690281042037148
27 Feb 20268118901729146
27 Mar 20267615851731135
24 Apr 20268517831837152
22 May 20268220951942159
19 Jun 20267919921734159
17 Jul 202697221072036159
14 Aug 2026117381152442166
11 Sep 2026120421132538163
9 Oct 2026122481142739166
6 Nov 2026155441283137164

The companies with the strongest one-year price moves are drawn. The S&P 500 line is dashed.

Biggest one-year moves

  1. 1Manhattan Associates, Inc.MANH · $15.1B+46.6%1 year
  2. 2Atlassian CorporationTEAM · $48.0B+20.2%1 year
  3. 3Automatic Data Processing, Inc.ADP · $119.9B+19.5%1 year
  4. 4DocuSign, Inc.DOCU · $15.0B+15.5%1 year
  5. 5Zoom Communications, Inc.ZM · $26.8B+12.4%1 year

Strongest against S&P 500

  1. 1Manhattan Associates, Inc.MANH · $15.1B+44.3%vs S&P 500
  2. 2Atlassian CorporationTEAM · $48.0B+42.4%vs S&P 500
  3. 3DocuSign, Inc.DOCU · $15.0B+31.4%vs S&P 500
  4. 4Roper Technologies, Inc.ROP · $48.8B+20.4%vs S&P 500
  5. 5PTC Inc.PTC · $21.2B+19.6%vs S&P 500

Strongest against the sector itself

  1. 1Atlassian CorporationTEAM · $48.0B+33.0%vs sector
  2. 2Manhattan Associates, Inc.MANH · $15.1B+32.3%vs sector
  3. 3DocuSign, Inc.DOCU · $15.0B+21.1%vs sector
  4. 4Roper Technologies, Inc.ROP · $48.8B+10.2%vs sector
  5. 5Unity Software Inc.U · $18.7B+9.9%vs sector

Which Software - Application companies have the most revenue, and which grow fastest?

Uber Technologies, Inc. has the highest Revenue among the 30 Software - Application companies compared here, at $55,227 million. Salesforce, Inc. is next at $43,938 million. Shopify Inc. has the highest Revenue growth at 32.5%, so level and change sit with different companies. 29 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Uber Technologies, Inc. is the largest at $55,227 million, 25.7% ahead of Salesforce, Inc. Shopify Inc.'s growth is 32.5% from a $13,269 million base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

Uber Technologies, Inc. · $55,227 millionLeader
25.7% versus #2 · Salesforce, Inc.Gap
8/8 recent comparable periodsPersistence
29/30 companies · 568 observationsCoverage

What this means: Uber Technologies, Inc. is the size to compare against; Shopify Inc. is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Uber Technologies, Inc.'s growth falls below Shopify Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue, by reported quarter

  • Uber Technologies, Inc. $14.2B
  • Salesforce, Inc. $11.3B
  • SAP SE $10.3B
  • Adobe Inc. $6.8B
  • Automatic Data Processing, Inc. $5.5B
Revenue, by reported quarter
QuarterUber Technologies, Inc.Salesforce, Inc.SAP SEAdobe Inc.Automatic Data Processing, Inc.
Dec 2021$5.8B$6.9B$8.0B$4.1B$4.0B
Mar 2022$6.9B$7.3B$6.8B$4.3B$4.5B
Jun 2022$8.1B$7.4B$7.2B$4.4B$4.1B
Sep 2022$8.3B$7.7B$7.5B$4.4B$4.2B
Dec 2022$8.6B$7.8B$8.1B$4.5B$4.4B
Mar 2023$8.8B$8.4B$7.4B$4.7B$4.9B
Jun 2023$9.2B$8.2B$7.6B$4.8B$4.5B
Sep 2023$9.3B$8.6B$7.7B$4.9B$4.5B
Dec 2023$9.9B$8.7B$8.5B$5.0B$4.7B
Mar 2024$10.1B$9.3B$8.0B$5.2B$5.3B
Jun 2024$10.7B$9.1B$8.3B$5.3B$4.8B
Sep 2024$11.2B$9.3B$8.5B$5.4B$4.8B
Dec 2024$12.0B$9.4B$9.4B$5.6B$5.0B
Mar 2025$11.5B$10.0B$9.0B$5.7B$5.6B
Jun 2025$12.7B$9.8B$9.0B$5.9B$5.1B
Sep 2025$13.5B$10.2B$9.1B$6.0B$5.2B
Dec 2025$14.4B$10.3B$9.7B$6.2B$5.4B
Mar 2026$13.2B$11.2B$9.6B$6.4B$5.9B
Jun 2026$14.2B$11.1B$9.9B$6.6B$5.5B
Sep 2026—$11.3B$10.3B$6.8B—

Revenue growth, by reported quarter

  • Uber Technologies, Inc. 12%
  • Salesforce, Inc. 11%
  • SAP SE 13%
  • Adobe Inc. 13%
  • Automatic Data Processing, Inc. 6.8%
Revenue growth, by reported quarter
QuarterUber Technologies, Inc.Salesforce, Inc.SAP SEAdobe Inc.Automatic Data Processing, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022105%—8.0%—10%
Sep 202272%22%9.3%13%10%
Dec 202249%14%1.0%10%9.1%
Mar 202329%14%9.9%9.2%9.2%
Jun 202314%11%4.8%9.8%8.5%
Sep 202311%11%3.6%10%7.0%
Dec 202315%11%5.0%12%6.3%
Mar 202415%11%8.1%11%6.6%
Jun 202416%11%9.8%10%6.5%
Sep 202420%8.4%9.4%11%7.1%
Dec 202420%8.3%11%11%8.1%
Mar 202514%7.6%12%10%5.7%
Jun 202518%7.6%8.9%11%7.5%
Sep 202520%9.8%7.2%11%7.1%
Dec 202520%8.6%3.3%10%6.2%
Mar 202614%12%6.0%12%7.0%
Jun 202612%13%9.4%13%6.8%
Sep 2026—11%13%13%—

29 of 30 companies report revenue, 29 of 30 revenue growth. On every company-comparison chart on this page the five leaders are drawn, level and change on separate charts, and a missing report breaks the line rather than being invented. The revenue growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue, every company
CompanyRevenueRevenue growthReported
Uber Technologies, Inc. UBER$14.2B12%Jun 2026
Salesforce, Inc. CRM$11.3B11%Sep 2026
SAP SE SAP$10.3B13%Sep 2026
Adobe Inc. ADBE$6.8B13%Sep 2026
Automatic Data Processing, Inc. ADP$5.5B6.8%Jun 2026
Fiserv, Inc. FISV$5.3B−4.1%Jun 2026
Intuit Inc. INTU$4.4B14%Sep 2026
ServiceNow, Inc. NOW$4.0B24%Jun 2026
Shopify Inc. SHOP$3.6B34%Jun 2026
Workday, Inc. WDAY$2.6B13%Sep 2026
Roper Technologies, Inc. ROP$2.2B7.6%Sep 2026
Autodesk, Inc. ADSK$2.0B16%Sep 2026
Atlassian Corporation TEAM$1.8B28%Jun 2026
SS&C Technologies Holdings, Inc. SSNC$1.7B7.8%Sep 2026
Paychex, Inc. PAYX$1.6B5.9%Sep 2026
Cadence Design Systems, Inc. CDNS$1.6B24%Jun 2026
Snowflake Inc. SNOW$1.5B35%Sep 2026
Zoom Communications, Inc. ZM$1.3B4.9%Sep 2026
Datadog, Inc. DDOG$1.1B36%Jun 2026
Grab Holdings Limited GRAB$998M22%Jun 2026
DocuSign, Inc. DOCU$876M9.4%Sep 2026
Bending Spoons S.p.A. BSP$704M126%Jun 2026
Fair Isaac Corporation FICO$674M26%Jun 2026
Tyler Technologies, Inc. TYL$645M8.2%Jun 2026
PTC Inc. PTC$600M−6.8%Jun 2026
Unity Software Inc. U$546M24%Jun 2026
Guidewire Software, Inc. GWRE$411M15%Sep 2026
Bentley Systems, Incorporated BSY$411M13%Jun 2026
Manhattan Associates, Inc. MANH$298M9.6%Jun 2026
Strategy Inc MSTR$122M7.0%Jun 2026

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

What to watch

Watch the next two reported quarters for growth persistence, margin conversion and whether the leader is gaining share without stretching working capital.

Which Software - Application companies keep the most from each $100 of sales?

Fair Isaac Corporation has the highest OPM among the 30 Software - Application companies compared here, at 53.8%. Paychex, Inc. is next at 38.5%. Unity Software Inc. has the highest Margin change at +21.7 percentage points, so level and change sit with different companies. 29 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Fair Isaac Corporation leads opm at 53.8%; Unity Software Inc. leads margin change at +21.7 percentage points.

Fair Isaac Corporation · 53.8%Leader
39.7% versus #2 · Paychex, Inc.Gap
8/8 recent comparable periodsPersistence
29/30 companies · 563 observationsCoverage

What this means: Fair Isaac Corporation sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM, by reported quarter

  • Fair Isaac Corporation 54%
  • Paychex, Inc. 39%
  • Bending Spoons S.p.A. 35%
  • Adobe Inc. 35%
  • SAP SE 30%
OPM, by reported quarter
QuarterFair Isaac CorporationPaychex, Inc.Bending Spoons S.p.A.Adobe Inc.SAP SE
Dec 202136%40%—37%20%
Mar 202243%44%—37%23%
Jun 202240%34%—35%18%
Sep 202239%41%—34%22%
Dec 202240%40%—33%23%
Mar 202342%44%—34%16%
Jun 202344%37%—34%19%
Sep 202343%42%—35%23%
Dec 202340%40%—35%25%
Mar 202445%45%—37%19%
Jun 202443%37%—36%23%
Sep 202444%42%—37%27%
Dec 202441%41%—36%26%
Mar 202549%47%25%38%27%
Jun 202549%38%35%36%29%
Sep 202548%37%—36%28%
Dec 202546%42%—37%29%
Mar 202658%44%39%39%30%
Jun 202654%38%35%35%28%
Sep 2026—39%—35%30%

Margin change, by reported quarter

  • Fair Isaac Corporation +4.9 pp
  • Paychex, Inc. +1.8 pp
  • Bending Spoons S.p.A. +0.9 pp
  • Adobe Inc. −1.5 pp
  • SAP SE +1.2 pp
Margin change, by reported quarter
QuarterFair Isaac CorporationPaychex, Inc.Bending Spoons S.p.A.Adobe Inc.SAP SE
Dec 2021—————
Mar 2022—————
Jun 2022−17.2 pp———+3.0 pp
Sep 2022+1.7 pp+0.2 pp—−3.1 pp+1.7 pp
Dec 2022+4.2 pp0.0 pp—−3.2 pp+3.9 pp
Mar 2023−0.6 pp+0.2 pp—−3.0 pp−7.5 pp
Jun 2023+4.1 pp+2.5 pp—−1.2 pp+1.4 pp
Sep 2023+4.0 pp+0.6 pp—+1.2 pp+0.7 pp
Dec 2023−0.5 pp+0.5 pp—+1.2 pp+1.8 pp
Mar 2024+2.9 pp+0.8 pp—+2.7 pp+3.6 pp
Jun 2024−1.9 pp+0.3 pp—+1.8 pp+4.2 pp
Sep 2024+1.0 pp−0.2 pp—+2.1 pp+3.8 pp
Dec 2024+1.2 pp+0.7 pp—+1.8 pp+0.7 pp
Mar 2025+4.4 pp+1.9 pp—+1.1 pp+8.1 pp
Jun 2025+6.4 pp+0.4 pp—+0.4 pp+5.1 pp
Sep 2025+4.6 pp−4.8 pp—−0.5 pp+1.7 pp
Dec 2025+4.9 pp+0.8 pp—+0.2 pp+3.3 pp
Mar 2026+8.9 pp−2.6 pp+13.5 pp+0.9 pp+2.8 pp
Jun 2026+4.9 pp+0.7 pp+0.9 pp−0.6 pp−0.8 pp
Sep 2026—+1.8 pp—−1.5 pp+1.2 pp

29 of 30 companies report OPM, 30 of 30 margin change.

OPM · highest

  1. 1Fair Isaac CorporationFICO54%
  2. 2Paychex, Inc.PAYX39%
  3. 3Bending Spoons S.p.A.BSP35%
  4. 4Adobe Inc.ADBE35%
  5. 5SAP SESAP30%

Margin change · fastest expanders

  1. 1Unity Software Inc.U+21.7 pp
  2. 2Atlassian CorporationTEAM+14.4 pp
  3. 3Snowflake Inc.SNOW+12.7 pp
  4. 4Intuit Inc.INTU+8.7 pp
  5. 5Guidewire Software, Inc.GWRE+6.9 pp

All-company data · latest reported quarter

Operating margin, every company
CompanyOPMMargin changeReported
Fair Isaac Corporation FICO54%+4.9 ppJun 2026
Paychex, Inc. PAYX39%+1.8 ppSep 2026
Bending Spoons S.p.A. BSP35%+0.9 ppJun 2026
Adobe Inc. ADBE35%−1.5 ppSep 2026
SAP SE SAP30%+1.2 ppSep 2026
Autodesk, Inc. ADSK29%+3.7 ppSep 2026
Roper Technologies, Inc. ROP29%+0.3 ppSep 2026
Cadence Design Systems, Inc. CDNS29%−0.8 ppJun 2026
PTC Inc. PTC28%−4.6 ppJun 2026
Manhattan Associates, Inc. MANH25%−2.1 ppJun 2026
Bentley Systems, Incorporated BSY25%−1.2 ppJun 2026
Zoom Communications, Inc. ZM25%−1.8 ppSep 2026
SS&C Technologies Holdings, Inc. SSNC24%+0.9 ppSep 2026
Automatic Data Processing, Inc. ADP24%−0.2 ppJun 2026
Salesforce, Inc. CRM21%−1.4 ppSep 2026
Fiserv, Inc. FISV19%−11.7 ppJun 2026
Shopify Inc. SHOP18%+3.4 ppJun 2026
Intuit Inc. INTU18%+8.7 ppSep 2026
Guidewire Software, Inc. GWRE15%+6.9 ppSep 2026
Tyler Technologies, Inc. TYL15%−1.3 ppJun 2026
DocuSign, Inc. DOCU13%+5.3 ppSep 2026
Uber Technologies, Inc. UBER13%+1.8 ppJun 2026
Atlassian Corporation TEAM12%+14.4 ppJun 2026
Workday, Inc. WDAY12%+1.2 ppSep 2026
ServiceNow, Inc. NOW4.1%−8.0 ppJun 2026
Grab Holdings Limited GRAB2.1%+1.1 ppJun 2026
Datadog, Inc. DDOG0.7%+4.8 ppJun 2026
Strategy Inc MSTR0.0%−19,064.4 ppJun 2026
Unity Software Inc. U−5.2%+21.7 ppJun 2026
Snowflake Inc. SNOW−17%+12.7 ppSep 2026

What to watch

Watch whether the next two comparable periods confirm the current margin change rather than reversing it.

Which Software - Application companies earn the most profit?

Salesforce, Inc. has the highest Net profit among the 30 Software - Application companies compared here, at $9,662 million. Uber Technologies, Inc. is next at $9,579 million. Grab Holdings Limited has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Salesforce, Inc. earns the most, $9,662 million of profit over the last 12 months, 0.9% above Uber Technologies, Inc. Grab Holdings Limited shows at least 100% on the scoring scale (438.7% in full) growth from a profit base of $598 million. A fast rate from a small base matters less than a large profit that keeps coming.

Salesforce, Inc. · $9,662 millionLeader
0.9% versus #2 · Uber Technologies, Inc.Gap
8/8 recent comparable periodsPersistence
29/30 companies · 567 observationsCoverage

What this means: Salesforce, Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit, by reported quarter

  • Salesforce, Inc. $3.5B
  • Uber Technologies, Inc. $2.4B
  • SAP SE $2.3B
  • Adobe Inc. $1.8B
  • Intuit Inc. $363M
Net profit, by reported quarter
QuarterSalesforce, Inc.Uber Technologies, Inc.SAP SEAdobe Inc.Intuit Inc.
Dec 2021$468M$892M$1.4B$1.2B$228M
Mar 2022−$28M−$5.9B$733M$1.3B$100M
Jun 2022$28M−$2.6B$102M$1.2B$1.8B
Sep 2022$68M−$1.2B$546M$1.1B−$56M
Dec 2022$210M$595M$327M$1.2B$40M
Mar 2023−$98M−$157M$510M$1.2B$168M
Jun 2023$199M$394M$3.0B$1.3B$2.1B
Sep 2023$1.3B$221M$1.3B$1.4B$89M
Dec 2023$1.2B$1.4B$1.2B$1.5B$241M
Mar 2024$1.4B−$654M−$824M$620M$353M
Jun 2024$1.5B$1.0B$918M$1.6B$2.4B
Sep 2024$1.4B$2.6B$1.4B$1.7B−$20M
Dec 2024$1.5B$6.9B$1.6B$1.7B$197M
Mar 2025$1.7B$1.8B$1.8B$1.8B$471M
Jun 2025$1.5B$1.4B$1.7B$1.7B$2.8B
Sep 2025$1.9B$6.6B$2.1B$1.8B$381M
Dec 2025$2.1B$296M$1.7B$1.9B$446M
Mar 2026$1.9B$263M$1.9B$1.9B$693M
Jun 2026$2.1B$2.4B$2.2B$1.7B$3.1B
Sep 2026$3.5B—$2.3B$1.8B$363M

Profit growth, by reported quarter

  • Salesforce, Inc. 87%
  • Uber Technologies, Inc. 77%
  • SAP SE 11%
  • Adobe Inc. 3.1%
  • Intuit Inc. −4.7%
Profit growth, by reported quarter
QuarterSalesforce, Inc.Uber Technologies, Inc.SAP SEAdobe Inc.Intuit Inc.
Dec 2021—————
Mar 2022—————
Jun 2022—−332%−93%——
Sep 2022−87%—−62%−6.3%−115%
Dec 2022−55%−33%−77%−4.6%−82%
Mar 2023——−30%−1.5%68%
Jun 2023611%—2,823%9.9%16%
Sep 20231,763%—133%24%—
Dec 2023483%140%268%26%503%
Mar 2024——−262%−50%110%
Jun 2024670%158%−69%21%14%
Sep 202413%1,082%13%20%−122%
Dec 202425%382%34%13%−18%
Mar 202518%——192%33%
Jun 20250.5%34%91%7.5%18%
Sep 202532%154%42%5.2%—
Dec 202537%−96%7.1%10%126%
Mar 202614%−85%8.4%4.3%47%
Jun 202637%77%26%1.2%8.7%
Sep 202687%—11%3.1%−4.7%

29 of 30 companies report net profit, 26 of 30 profit growth. The profit growth chart is drawn inside its usual range; a quarter far outside it (often a first quarter after listing or a near-zero base) is marked with an arrow at the edge, with its exact value in the hover card and the table.

Net profit · largest

  1. 1Salesforce, Inc.CRM$9.7B
  2. 2Uber Technologies, Inc.UBER$9.6B
  3. 3SAP SESAP$8.2B
  4. 4Adobe Inc.ADBE$7.3B
  5. 5Intuit Inc.INTU$4.6B

Profit growth · fastest growers

All-company data · latest reported quarter

Net profit, every company
CompanyNet profitProfit growthReported
Salesforce, Inc. CRM$3.5B87%Sep 2026
Uber Technologies, Inc. UBER$2.4B77%Jun 2026
SAP SE SAP$2.3B11%Sep 2026
Adobe Inc. ADBE$1.8B3.1%Sep 2026
Zoom Communications, Inc. ZM$1.5B330%Sep 2026
Shopify Inc. SHOP$1.5B66%Jun 2026
Automatic Data Processing, Inc. ADP$979M7.5%Jun 2026
Workday, Inc. WDAY$632M177%Sep 2026
Fiserv, Inc. FISV$627M−39%Jun 2026
Autodesk, Inc. ADSK$492M57%Sep 2026
Roper Technologies, Inc. ROP$485M22%Sep 2026
Paychex, Inc. PAYX$430M12%Sep 2026
Cadence Design Systems, Inc. CDNS$367M129%Jun 2026
Intuit Inc. INTU$363M−4.7%Sep 2026
ServiceNow, Inc. NOW$298M−23%Jun 2026
Grab Holdings Limited GRAB$253M623%Jun 2026
Fair Isaac Corporation FICO$237M30%Jun 2026
SS&C Technologies Holdings, Inc. SSNC$199M−5.2%Sep 2026
Bending Spoons S.p.A. BSP$177M172%Jun 2026
Atlassian Corporation TEAM$139M−646%Jun 2026
PTC Inc. PTC$119M−16%Jun 2026
Tyler Technologies, Inc. TYL$94M11%Jun 2026
Bentley Systems, Incorporated BSY$79M13%Jun 2026
DocuSign, Inc. DOCU$78M24%Sep 2026
Manhattan Associates, Inc. MANH$50M−12%Jun 2026
Datadog, Inc. DDOG$45M1,400%Jun 2026
Guidewire Software, Inc. GWRE$31M−40%Sep 2026
Unity Software Inc. U−$24M—Jun 2026
Snowflake Inc. SNOW−$192M—Sep 2026
Strategy Inc MSTR−$8.6B−186%Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current profit growth rather than reversing it.

Which Software - Application companies earn the best return on capital?

Manhattan Associates, Inc. has the highest ROCE among the 30 Software - Application companies compared here, at 126.2%. Fair Isaac Corporation is next at 96.5%. The same company also has the highest ROCE change, at +44.5 percentage points. 30 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Manhattan Associates, Inc. leads ROCE at 126.2%, 29.7 percentage points above Fair Isaac Corporation. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

Manhattan Associates, Inc. · 126.2%Leader
30.8% versus #2 · Fair Isaac CorporationGap
6/8 recent comparable periodsPersistence
30/30 companies · 572 observationsCoverage

What this means: Manhattan Associates, Inc. sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

ROCE, by reported quarter

  • Manhattan Associates, Inc. 126%
  • Fair Isaac Corporation 97%
  • Adobe Inc. 52%
  • Automatic Data Processing, Inc. 44%
  • Autodesk, Inc. 34%
ROCE, by reported quarter
QuarterManhattan Associates, Inc.Fair Isaac CorporationAdobe Inc.Automatic Data Processing, Inc.Autodesk, Inc.
Dec 202146%39%29%36%13%
Mar 202256%45%32%41%16%
Jun 202258%50%32%49%19%
Sep 202259%49%32%55%20%
Dec 202260%51%32%54%20%
Mar 202380%51%32%52%19%
Jun 202391%51%31%56%20%
Sep 202382%53%31%58%20%
Dec 202368%56%31%53%21%
Mar 202473%50%36%53%21%
Jun 202479%51%35%54%22%
Sep 202477%55%37%51%24%
Dec 202473%55%40%54%24%
Mar 202589%54%39%50%25%
Jun 202582%81%44%45%25%
Sep 202575%92%44%44%24%
Dec 202574%90%45%45%26%
Mar 2026103%70%49%46%27%
Jun 2026126%97%52%44%30%
Sep 2026——52%—34%

ROCE change, by reported quarter

  • Manhattan Associates, Inc. +44.5 pp
  • Fair Isaac Corporation +15.4 pp
  • Adobe Inc. +8.6 pp
  • Automatic Data Processing, Inc. −0.8 pp
  • Autodesk, Inc. +9.8 pp
ROCE change, by reported quarter
QuarterManhattan Associates, Inc.Fair Isaac CorporationAdobe Inc.Automatic Data Processing, Inc.Autodesk, Inc.
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022+13.8 pp+12.5 pp+3.4 pp+18.4 pp+7.3 pp
Mar 2023+23.6 pp+6.1 pp+0.1 pp+10.4 pp+2.5 pp
Jun 2023+33.3 pp+1.6 pp−0.6 pp+7.1 pp+1.5 pp
Sep 2023+22.9 pp+4.3 pp−0.7 pp+2.4 pp0.0 pp
Dec 2023+8.3 pp+5.1 pp−1.1 pp−1.3 pp+1.1 pp
Mar 2024−6.9 pp−1.1 pp+4.6 pp+1.2 pp+2.1 pp
Jun 2024−12.5 pp+0.1 pp+3.9 pp−2.0 pp+2.0 pp
Sep 2024−4.2 pp+1.7 pp+6.4 pp−6.9 pp+4.1 pp
Dec 2024+4.9 pp−0.9 pp+8.8 pp+0.7 pp+2.7 pp
Mar 2025+16.3 pp+4.8 pp+2.5 pp−2.7 pp+3.9 pp
Jun 2025+3.0 pp+29.9 pp+8.3 pp−8.6 pp+3.4 pp
Sep 2025−2.3 pp+37.0 pp+6.2 pp−6.2 pp+0.3 pp
Dec 2025+0.5 pp+34.5 pp+5.4 pp−8.8 pp+1.5 pp
Mar 2026+14.0 pp+15.4 pp+10.5 pp−4.1 pp+2.1 pp
Jun 2026+44.5 pp+15.4 pp+8.3 pp−0.8 pp+4.9 pp
Sep 2026——+8.6 pp—+9.8 pp

30 of 30 companies report ROCE, 30 of 30 ROCE change.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Return on capital, every company
CompanyROCEROCE changeReported
Manhattan Associates, Inc. MANH126%+44.5 ppJun 2026
Fair Isaac Corporation FICO97%+15.4 ppJun 2026
Adobe Inc. ADBE52%+8.6 ppSep 2026
Automatic Data Processing, Inc. ADP44%−0.8 ppJun 2026
Autodesk, Inc. ADSK34%+9.8 ppSep 2026
Paychex, Inc. PAYX29%+4.3 ppSep 2026
Intuit Inc. INTU23%+4.6 ppSep 2026
PTC Inc. PTC23%+7.7 ppJun 2026
DocuSign, Inc. DOCU20%+8.9 ppSep 2026
SAP SE SAP20%+0.5 ppSep 2026
Shopify Inc. SHOP18%+5.9 ppJun 2026
Cadence Design Systems, Inc. CDNS18%−1.8 ppJun 2026
Bentley Systems, Incorporated BSY16%+1.9 ppJun 2026
Uber Technologies, Inc. UBER13%+2.8 ppJun 2026
Workday, Inc. WDAY13%+7.2 ppSep 2026
SS&C Technologies Holdings, Inc. SSNC12%+2.4 ppSep 2026
Atlassian Corporation TEAM12%+16.3 ppJun 2026
Salesforce, Inc. CRM11%+0.2 ppSep 2026
Bending Spoons S.p.A. BSP11%0.0 ppJun 2026
Zoom Communications, Inc. ZM11%−0.2 ppSep 2026
ServiceNow, Inc. NOW9.4%−2.9 ppJun 2026
Tyler Technologies, Inc. TYL8.0%−1.0 ppJun 2026
Roper Technologies, Inc. ROP7.9%+1.0 ppSep 2026
Fiserv, Inc. FISV7.9%−3.2 ppJun 2026
Guidewire Software, Inc. GWRE7.8%+5.9 ppSep 2026
Grab Holdings Limited GRAB1.7%+2.3 ppJun 2026
Datadog, Inc. DDOG0.3%+0.7 ppJun 2026
Unity Software Inc. U−6.5%+1.9 ppJun 2026
Snowflake Inc. SNOW−25%+3.6 ppSep 2026
Strategy Inc MSTR−54%−64.5 ppJun 2026

What to watch

Watch whether the next two comparable periods confirm the current roce change rather than reversing it.

How are Software - Application stocks valued against growth and quality?

Salesforce, Inc. has the lowest PEG among the 30 Software - Application companies compared here, at 0.26×. Zoom Communications, Inc. is next at 0.52×. Atlassian Corporation has the lowest P/E at −366.7×, so level and change sit with different companies. 21 of 30 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Salesforce, Inc. has the lowest comparable PEG at 0.26×, 50% below Zoom Communications, Inc. That would need today's multiple, the company's own history and steady growth to agree.

Salesforce, Inc. · 0.26×Leader
50% versus #2 · Zoom Communications, Inc.Gap
0/8 recent comparable periodsPersistence
21/30 companies · 151 observationsCoverage

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG, by reported quarter

  • Salesforce, Inc. 0.3
  • Zoom Communications, Inc. 0.5
  • Fiserv, Inc. 0.6
  • Autodesk, Inc. 0.7
  • PTC Inc. 0.8
PEG, by reported quarter
QuarterSalesforce, Inc.Zoom Communications, Inc.Fiserv, Inc.Autodesk, Inc.PTC Inc.
Dec 2021—————
Mar 2022—————
Jun 2022—————
Sep 2022—————
Dec 2022—————
Mar 2023——0.7——
Jun 2023——1.1——
Sep 2023——0.50.9—
Dec 2023——0.90.9—
Mar 2024——0.75.5—
Jun 2024——0.62.4—
Sep 2024——3.82.51.1
Dec 2024——4.73.1—
Mar 20251.00.56.42.80.8
Jun 20252.81.0———
Sep 20251.90.50.8——
Dec 20251.5—0.6——
Mar 20261.2————
Jun 20260.5——0.7—
Sep 20260.3————

P/E, by reported quarter

  • Salesforce, Inc. 15.6×
  • Zoom Communications, Inc. 8.7×
  • Fiserv, Inc. 9.3×
  • Autodesk, Inc. 30.1×
  • PTC Inc. 10.7×
P/E, by reported quarter
QuarterSalesforce, Inc.Zoom Communications, Inc.Fiserv, Inc.Autodesk, Inc.PTC Inc.
Dec 2021168.7×71.3×51.4×52.9×28.6×
Mar 2022—33.4×38.9×110.6×26.3×
Jun 2022174.4×23.6×28.4×84.5×24.9×
Sep 2022341.6×31.3×28.8×84.2×39.2×
Dec 2022584.3×35.6×25.4×74.7×41.5×
Mar 2023——29.3×56.4×48.0×
Jun 2023512.4×3,280.1×31.0×49.9×54.9×
Sep 2023138.9×154.0×23.1×51.8×68.6×
Dec 202375.4×77.0×26.0×46.1×88.1×
Mar 202465.8×30.9×29.1×59.9×78.5×
Jun 202447.7×22.4×25.3×45.7×73.6×
Sep 202444.5×21.3×33.8×50.5×57.7×
Dec 202446.9×24.4×37.3×55.9×56.3×
Mar 202552.8×26.4×38.2×60.2×42.3×
Jun 202541.6×22.6×28.3×57.7×40.3×
Sep 202537.1×18.9×19.4×62.2×33.1×
Dec 202534.3×16.4×10.4×57.7×25.3×
Mar 202626.7×14.4×9.3×47.6×13.6×
Jun 202618.0×13.8×9.3×34.2×10.7×
Sep 202615.6×8.7×—30.1×—

21 of 30 companies report PEG, 27 of 30 P/E.

PEG · lowest PEG

P/E · lowest P/E

  1. 1Atlassian CorporationTEAM−366.7×
  2. 2Zoom Communications, Inc.ZM8.7×
  3. 3Fiserv, Inc.FISV9.3×
  4. 4PTC Inc.PTC10.7×
  5. 5Strategy IncMSTR12.0×

All-company data · latest reported quarter

Valuation, every company
CompanyPEGP/EReported
Datadog, Inc. DDOG14.5521.9×Jun 2026
Manhattan Associates, Inc. MANH5.739.2×Jun 2026
Tyler Technologies, Inc. TYL4.838.0×Jun 2026
ServiceNow, Inc. NOW4.661.3×Jun 2026
Shopify Inc. SHOP4.177.1×Jun 2026
Automatic Data Processing, Inc. ADP2.120.3×Jun 2026
Cadence Design Systems, Inc. CDNS2.175.1×Jun 2026
Workday, Inc. WDAY2.031.7×Sep 2026
SS&C Technologies Holdings, Inc. SSNC2.021.2×Sep 2026
Bentley Systems, Incorporated BSY1.932.3×Jun 2026
Paychex, Inc. PAYX1.925.1×Sep 2026
SAP SE SAP1.826.7×Sep 2026
DocuSign, Inc. DOCU1.431.7×Sep 2026
Adobe Inc. ADBE1.415.9×Sep 2026
Roper Technologies, Inc. ROP1.413.3×Sep 2026
Fair Isaac Corporation FICO1.034.0×Jun 2026
Intuit Inc. INTU0.918.9×Sep 2026
PTC Inc. PTC0.810.7×Jun 2026
Autodesk, Inc. ADSK0.730.1×Sep 2026
Fiserv, Inc. FISV0.69.3×Jun 2026
Zoom Communications, Inc. ZM0.58.7×Sep 2026
Salesforce, Inc. CRM0.315.6×Sep 2026
Uber Technologies, Inc. UBER—15.3×Jun 2026
Strategy Inc MSTR—12.0×Jun 2026
Atlassian Corporation TEAM—−366.7×Jun 2026
Guidewire Software, Inc. GWRE—90.8×Sep 2026
Grab Holdings Limited GRAB—25.8×Jun 2026

What to watch

Watch whether the next two comparable periods confirm the current p/e rather than reversing it.

What can make this comparison misleading?

This Software - Application comparison names 4 specific ways its own evidence can mislead, all listed below. All 30 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still come from a very small starting figure.

Keep these limits visible

  • A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
  • The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.

How was this comparison built?

This comparison is built from the reported filings of 30 Software - Application companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 4 November 2026.

FundamentalsThrough Sep 2026 · up to 20 quarters per company
Market dataThrough 4 November 2026 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and old evidence lowers confidence and pulls the 0 to 100 score toward the middle.

What else do people ask about Software - Application stocks?

These 22 answers restate the Software - Application comparison above in question form. Every one is computed from the same 30 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 4 November 2026. Nothing here is estimated, and none of it is a recommendation.

Is the Software - Application sector outperforming S&P 500?

Software - Application has done worse than the S&P 500 by 13.8% over 52 weeks, but is 10.1% ahead over the last 13 weeks.

18 of 30 companies we track are beating the S&P 500 on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 12 of the 29 with a long enough price history are ahead of the industry itself.

Which Software - Application company is largest by revenue?

Uber Technologies, Inc. leads with revenue of $55,227 million, based on 29 of 30 comparable companies through Jun 2026.

Which Software - Application company is growing fastest?

Shopify Inc. has the fastest current revenue growth at 32.5%, across 29 of 30 comparable companies.

Which Software - Application company has the strongest 4-Factor Sector Score?

PTC Inc. ranks first at 76 out of 100, with 81.1% of the evidence available. The score ranks published data; it is not a recommendation.

Which Software - Application company has the lowest comparable PEG?

Salesforce, Inc. has the lowest comparable PEG at 0.26, among 21 of 30 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Software - Application comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Sep 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four parts add up directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or old evidence moves only that part toward the middle.

Which Software - Application company is the biggest?

Uber Technologies, Inc. is the largest, with revenue of $55,227 million over the last 12 months, ahead of Salesforce, Inc. at $43,938 million. That covers 29 of 30 companies with comparable reporting through Jun 2026.

Which Software - Application company has the best profit margins?

Fair Isaac Corporation has the highest operating margin at 53.8%, from 29 of 30 comparable companies. Unity Software Inc. shows the biggest recent improvement, at +21.7 percentage points. A high margin matters most when it is steady or rising, not when it is at a peak.

Which Software - Application company makes the most profit?

Salesforce, Inc. earns the most, at $9,662 million of net profit over the last 12 months, from 29 of 30 comparable companies.

Grab Holdings Limited has the fastest profit growth at the 100% cap of the scoring scale, though growth off a small or recovering profit base overstates how much has actually changed.

Which Software - Application company earns the highest return on capital?

Manhattan Associates, Inc. leads on return on capital employed at 126.2%, across 30 of 30 companies. A high return that repeats for years shows a lasting business, while a single high reading can come from a small capital base or one good year.

Which Software - Application stock has the lowest PEG ratio?

On PEG (where a lower number means a lower price for what the company earns), Salesforce, Inc. has the lowest at 0.26×. Only 21 of 30 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a ranking of the whole industry.

A low multiple is a reason to look closer at the business, not a conclusion on its own.

Is the Software - Application sector beating the market?

Software - Application has done worse than the S&P 500 by 13.8% over the last 52 weeks, but is 10.1% ahead over the last 13 weeks, measured on an equal-weight index of its current members.

Inside the sector, 18 of the 30 companies we track are beating the market on their own (1 has no relative-strength reading yet). Sector strength does not transfer evenly to every stock in it.

Which Software - Application stock has the strongest price momentum?

Manhattan Associates, Inc. has the strongest relative strength against the S&P 500, meaning its share price has done best against the index. A price can move well before the business results back it up, and sometimes without them.

Which Software - Application company has the highest 4-Factor score?

PTC Inc. scores 76 out of 100, with 81.1% of the evidence available, from 23.8 points on growth and earnings, 18.9 on capital efficiency, 15.2 on valuation and 18.1 on relative strength. It ranks published data only; management quality, upcoming events and risks are not part of the score.

How many Software - Application companies does this comparison cover, and over what period?

This comparison covers 30 listed companies over up to 20 reported quarters of fundamentals, ending Sep 2026, plus weekly price and relative-strength history. Membership is the full sector list, nothing is dropped for having thin data.

What is the total market cap of the Software - Application sector?

The 30 Software - Application companies on this page carry $2,057,527 million of combined market value. SAP SE is the largest at $288,894 million, about 14% of the sector's total on its own. Market value moves with price, so this reading is dated 4 November 2026.

What is the Software - Application sector's P/E ratio?

The median price-to-earnings ratio across the 30 Software - Application companies on this page is 26.6×, measured on the 26 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past.

Figures are as of 4 November 2026.

How is the Software - Application sector performing?

18 of the 30 Software - Application companies we track are doing better than the S&P 500 on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet).

The sector itself is 13.8% behind S&P 500 over 52 weeks on an equal-weight index of its current members.

How many Software - Application stocks are listed in the US?

This comparison covers 30 listed Software - Application companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Sep 2026. Membership is the full industry list, nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing figures are never estimated, copied forward or swapped for a similar-looking line, and a company with missing evidence has its score pulled toward the middle rather than scored as bad.

Is this advice?

No, every figure here is worked out by code from company filings and market data, for research. It does not account for your situation and is not a substitute for advice from a registered adviser.

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