Considering investing in saas stocks? While the best saas stocks depend on your portfolio and investment goals, we've identified some saas stocks that are worth keeping an eye on in the software-as-a-service sector. Keep reading to learn more about saas stocks and how to start investing.
We round up a selection of stocks in or related to the software-as-a-service industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on Questrade |
|---|---|---|---|---|---|
| Microsoft Corporation (MSFT.US) | -4.22% | $3.6 trillion (USD) | NASDAQ | 24,137,816 | Buy now |
| Salesforce-com (CRM.US) | -19.86% | $152.3 billion (USD) | NYSE | 8,709,143 | Buy now |
| Adobe Systems Incorporated (ADBE.US) | -22.24% | $84.3 billion (USD) | NASDAQ | 4,581,951 | Buy now |
| Shopify (SHOP.TO) | 0.29% | $262.1 billion (CAD) | Toronto Stock Exchange | 2,732,795 | Buy now |
| Wix-Com (WIX.US) | -51.00% | $2.8 billion (USD) | NASDAQ | 838,604 | Buy now |
| Zoom Video Communications (ZM.US) | 46.01% | $29.5 billion (USD) | NASDAQ | 3,304,172 | Buy now |
| Datadog (DDOG.US) | 78.70% | $100.8 billion (USD) | NASDAQ | 8,357,824 | Buy now |
| DocuSign (DOCU.US) | -12.91% | $11 billion (USD) | NASDAQ | 3,063,130 | Buy now |
| Dropbox (DBX.US) | (data unavailable) | $8.2 billion (USD) | NASDAQ | (data unavailable) | Buy now |
| N/A (GOOGL.US) | 75.90% | (data unavailable) | N/A | 19,720,908 | Buy now |
| Kinaxis (KXS.TO) | -14.87% | $4.6 billion (CAD) | Toronto Stock Exchange | 59,808 | Buy now |
| Open Text (OTEX.TO) | -11.93% | $8.6 billion (CAD) | Toronto Stock Exchange | 2,716,200 | Buy now |
The software-as-a-service industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering saas stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
A lot of factors go into picking the best saas stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong saas stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular saas stocks in or related to the software-as-a-service industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some saas stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each saas stock below. Keep reading to decide if any of these companies are the right investment for you.
Microsoft Corporation, a technology company, develops and supports a portfolio of technology solutions for individuals and businesses worldwide. It operates through three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
The Productivity and Business Processes segment offers Microsoft 365 Commercial, Enterprise Mobility + Security, Power BI, Exchange, SharePoint, Microsoft Teams, Microsoft 365 Security and Compliance, Microsoft 365 Copilot, and Windows Commercial on-premises and Office licensed on-premises.
| Closing stock price | $499.99 |
|---|---|
| Market Capitalization | $3.6 trillion |
| Gross profit (TTM) | $225.5 billion |
| Profit margin | 40.31% |
| Revenue (TTM) | $331.8 billion |
| Earnings per share (TTM) | $17.74 |
| 52-week stock price range | $349.20 – $550.24 |
Salesforce, Inc. provides customer relationship management technology services that connect companies and customers together in the United States, Europe, and the Asia Pacific. The company offers Agentforce, which enables customers to build, deploy, and manage enterprise-grade, autonomous AI agents at scale, enabling humans and agents to work together; Agentforce Sales, an integrated platform that brings together the power of humans with AI agents to help sales teams for selling, managing, and automating entire sales processes; Agentforce Service, which enables companies in every industry to bring all of their customer, employee, IT, and field service needs onto one integrated AI-powered platform; Data 360, a data engine that gives AI agents their context and serves as the foundation for how customers unify service offerings, making their data actionable for both humans and agents; Informatica, an AI-powered data management platform that enables customers to discover, integrate, govern, and deliver trusted data at scale across hybrid and multi-cloud environments; and Slack, a conversational interface for the agentic enterprise where people and agents work together, connecting knowledge, actions, and data in real time.
It also provides marketing platforms; commerce services, which empower shopping experiences across various customer touchpoints; integration and analytics solutions; Salesforce Starter, a suite for small and medium-sized businesses that brings sales, service, marketing, and commerce together; and a field service solution that enables companies to connect service agents, dispatchers, and mobile employees through one centralized platform to schedule and dispatch work, as well as track and manage jobs.
| Closing stock price | $192.74 |
|---|---|
| Market Capitalization | $152.3 billion |
| Gross profit (TTM) | $33.3 billion |
| Profit margin | 18.73% |
| Revenue (TTM) | $42.8 billion |
| Earnings per share (TTM) | $8.86 |
| 52-week stock price range | $146.32 – $267.75 |
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content.
This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers.
| Closing stock price | $265.21 |
|---|---|
| Market Capitalization | $84.3 billion |
| Gross profit (TTM) | $22.5 billion |
| Profit margin | 28.69% |
| Revenue (TTM) | $25.2 billion |
| Earnings per share (TTM) | $16.99 |
| 52-week stock price range | $190.12 – $376.16 |
Shopify Inc., a commerce technology company, provides tools to start, scale, market, and run a business of various sizes in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The Company offers Shopify platform that enables merchants to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics, and reporting and access financing for running their business across all of their sales channels, including web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces.
It also provides Shopify Payments, a fully integrated payment processing service that allows merchants to accept and process payment cards online and offline.
| Closing stock price | C$206.42 |
|---|---|
| Market Capitalization | C$262.1 billion |
| Gross profit (TTM) | C$6.3 billion |
| Profit margin | 14.53% |
| Revenue (TTM) | C$13.3 billion |
| Earnings per share (TTM) | C$1.43 |
| 52-week stock price range | C$129.01 – C$253.10 |
Wix.com Ltd. operates a cloud-based web development platform for registered users and creators in the United States, Europe, Israel, and internationally. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform and Wix Studio, a unified website development platform that enables the creation of advanced websites.
It also provides Velo by Wix, a full-stack, no-code/low-code development environment to create content-rich websites and web applications; Wix App Market that offers registered users various free and paid web applications for building, growing, and managing their businesses; Wix Marketplace, which connects users seeking help in creating and managing a website; Wix App, which allows users to manage their websites and Wix operating systems on the go and run their businesses; Spaces by Wix, a mobile app that serves as an interface between site owners and customers; and Wix Customer Care, which provides support and guidance to users throughout the Wix platform.
| Closing stock price | $60.20 |
|---|---|
| Market Capitalization | $2.8 billion |
| Gross profit (TTM) | $1.4 billion |
| Profit margin | -1.97% |
| Revenue (TTM) | $2.1 billion |
| Earnings per share (TTM) | -$0.85 |
| 52-week stock price range | $40.16 – $190.93 |
Zoom Communications, Inc. provides an Artificial Intelligence-first open work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, a cloud phone system; and Zoom Team Chat enables users to share messages, images, files, and content in desktop, laptop, tablet, and mobile devices.
It also provides Zoom Docs, a modular workspace; Zoom Whiteboard, an interactive canvas; Zoom Clips for capturing video and screen content; Zoom Rooms, a software-based conference room system; and Workspace Reservation.
| Closing stock price | $104.50 |
|---|---|
| Market Capitalization | $29.5 billion |
| Gross profit (TTM) | $3.8 billion |
| Profit margin | 41.99% |
| Revenue (TTM) | $4.9 billion |
| Earnings per share (TTM) | $6.69 |
| 52-week stock price range | $69.15 – $114.74 |
Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally. The company's products comprise infrastructure and application performance monitoring, log management, observability pipelines, synthetics, real user monitoring, product analytics, continuous profiler, database monitoring, data observability, LLM observability, error tracking, network monitoring, incident response, workflow automation and App builder, event management, bits AI SRE, cloud cost management, cloud security, code security, cloud SIEM, threat management, sensitive data scanner, and CI visibility.
Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York.
| Closing stock price | $233.93 |
|---|---|
| Market Capitalization | $100.8 billion |
| Gross profit (TTM) | $2.9 billion |
| Profit margin | 3.70% |
| Revenue (TTM) | $3.7 billion |
| Earnings per share (TTM) | $0.40 |
| 52-week stock price range | $98.01 – $292.72 |
DocuSign, Inc. provides electronic signature solution in the United States and internationally. The company offers AI-powered intelligent agreement management (IAM) platform to optimize the gain intelligence and automation across the entire agreement lifecycle; and provides e-signature solution that enables sending and signing of agreements on various devices; Contract Lifecycle Management (CLM), which automates workflows across the entire agreement process; and Document Generation streamlines the process of generating new, custom agreements.
It also provides Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Monitor that uses advanced analytics; Notary which enables notaries public to conduct remote online notarization transactions; and Web Forms.
| Closing stock price | $60.26 |
|---|---|
| Market Capitalization | $11 billion |
| Gross profit (TTM) | $2.6 billion |
| Profit margin | 9.59% |
| Revenue (TTM) | $3.3 billion |
| Earnings per share (TTM) | $1.54 |
| 52-week stock price range | $40.16 – $86.65 |
Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features.
Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations.
| Market Capitalization | $8.2 billion |
|---|---|
| Gross profit (TTM) | $2 billion |
| Profit margin | 18.71% |
| Revenue (TTM) | $2.5 billion |
| Earnings per share (TTM) | $1.83 |
| 52-week stock price range | $21.70 – $35.17 |
N/A. .
.
| Closing stock price | N/A354.30 |
|---|
Kinaxis Inc. provides cloud-based subscription software-as-a-service for supply chain operations in the United States, Europe, Asia, and Canada. The company offers Kinaxis Maestro, an AI-infused supply chain orchestration platform for artificial intelligence, concurrency, developer studio, integration, security, and user experience.
It also provides various solutions for AI agents, control tower, demand, inventory, order management, planning one, returns, sales and operations planning, scheduling, supply, supply chain optimization, supply chain orchestration, spare parts, sustainability, tariffs, and transportation.
| Closing stock price | C$169.96 |
|---|---|
| Market Capitalization | C$4.6 billion |
| Gross profit (TTM) | C$381.8 million |
| Profit margin | 14.50% |
| Revenue (TTM) | C$580.8 million |
| Earnings per share (TTM) | C$4.12 |
| 52-week stock price range | C$117.22 – C$204.85 |
Open Text Corporation designs, develops, markets, and sells information management software and solutions in North, Central, and South America, Europe, the Middle East, Africa, Australia, Japan, Singapore, India, and China. The company offers cloud services and subscriptions, including software as a service offerings, application programming interfaces and data services, and private, public, and off-cloud products, such as hosted services and managed service arrangements; foundational platform of technology services; and packaged business applications, as well as managed services and outsourced B2B integration solutions, including program implementation, operational management, and customer support.
It also provides fees earned from the licensing of software products to customers; and consulting and learning services, such as implementation, training, and integration of licensed product offerings into the customer's systems.
| Closing stock price | C$36.02 |
|---|---|
| Market Capitalization | C$8.6 billion |
| Gross profit (TTM) | C$4 billion |
| Profit margin | 9.91% |
| Revenue (TTM) | C$5.2 billion |
| Earnings per share (TTM) | C$2.89 |
| 52-week stock price range | C$27.31 – C$54.31 |
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