NYSE$CRM
Salesforce Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Salesforce's Q3 2024 results were announced, demonstrating strong revenue and profitability growth.
Salesforce reported a strong third quarter in fiscal year 2024, with revenue reaching $8.72 billion, an 11% year-over-year increase. The company's GAAP operating margin was 17.2%, and non-GAAP operating margin was 31.2%. GAAP diluted EPS was $1.25, and non-GAAP diluted EPS was $2.11. Salesforce also returned $1.9 billion to stockholders through share repurchases.
- Revenue reached $8.72 billion, up 11% year-over-year.
- GAAP operating margin was 17.2%, and non-GAAP operating margin was 31.2%.
- GAAP diluted EPS was $1.25, and non-GAAP diluted EPS was $2.11.
- Current remaining performance obligation increased by 14% year-over-year to $23.9 billion.
Headline financials
Revenue & EPS history
Salesforce · Revenue · Quarterly
$8.72B
Revenue by segment
Salesforce · $6.9B total across 4 segments · Q3 2024
- Agentforce Service$2.07B+11.7%30.1%
- Agentforce Sales$1.91B+11.0%27.6%
- Agentforce 360 Platform$1.69B+11.4%24.4%
- Agentforce Marketing & Commerce$1.23B+8.9%17.8%
Forward guidance
Salesforce initiates Q4 FY24 revenue guidance of $9.18B to $9.23B, up 10% Y/Y, and narrows full year FY24 revenue guidance to $34.75B to $34.8B, up 11% Y/Y. Raises full year FY24 GAAP operating margin guidance to 14.5% and non-GAAP operating margin guidance to 30.5%.
Tailwinds
- Q4 FY24 Revenue Guidance: $9.18 - $9.23 Billion, up 10% Y/Y
- Full Year FY24 Revenue Guidance: $34.75 - $34.8 Billion, up 11% Y/Y
- Full Year FY24 GAAP Operating Margin Guidance: 14.5%
- Full Year FY24 Non-GAAP Operating Margin Guidance: 30.5%
- Full Year FY24 Operating Cash Flow Growth Guidance: 30% - 33% Y/Y
Headwinds
- Operating Cash Flow Growth guidance includes an estimated 14% - 16% headwind from charges associated with restructuring plan.
- Guidance assumes no change to the value of the Company's strategic investment portfolio.
- GAAP tax rates may fluctuate due to discrete tax items.
- Current Remaining Performance Obligation Growth (Y/Y) is impacted by FX (~1 pt).
- Revenue FX impact is calculated by taking the current period rates compared to the prior period average rates.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
+0.9%
Avg return
Earnings day
+0.8%
Avg return
5 days after
-0.5%
Avg return
30 days after
51%
37 / 72 earnings
Positive
+30.6%
Q2 2021
Best reaction
-19.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +5.0% | +2.2% | -6.5% | |
| Q3 2026 | -1.7% | +9.3% | +6.2% | |
| Q2 2026 | -0.5% | -1.7% | -6.3% | |
| Q1 2026 | -2.8% | -4.2% | -0.9% | |
| Q4 2025 | -4.0% | -6.5% | -12.2% | |
| Q3 2025 | +11.1% | +9.4% | -0.1% | |
| Q2 2025 | -2.7% | -4.3% | +4.7% | |
| Q1 2025 | -19.2% | -12.3% | -4.7% | |
| Q4 2024 | +3.1% | +5.1% | +0.6% | |
| Q3 2024 | +12.0% | +11.4% | +17.0% | |
| Q2 2024 | +4.5% | +4.5% | -4.3% | |
| Q1 2024 | -2.7% | -4.1% | -3.5% | |
| Q4 2023 | +14.0% | +12.3% | +22.1% | |
| Q3 2023 | -3.1% | -11.7% | -12.6% | |
| Q2 2023 | -1.2% | -9.0% | -16.5% | |
| Q1 2023 | +6.6% | +12.0% | -0.0% | |
| Q4 2022 | -0.1% | -3.6% | +0.9% | |
| Q3 2022 | -15.2% | -12.9% | -14.0% | |
| Q2 2022 | +3.1% | +2.0% | +10.0% | |
| Q1 2022 | +3.7% | +2.8% | +5.3% | |
| Q4 2021 | -10.0% | -11.2% | -13.0% | |
| Q3 2021 | -10.2% | -8.1% | -9.5% | |
| Q2 2021 | +30.6% | +30.0% | +14.0% | |
| Q1 2021 | -1.0% | -1.3% | +3.7% | |
| Q4 2020 | -3.8% | -8.4% | -16.8% | |
| Q3 2020 | -2.8% | -1.9% | +3.7% | |
| Q2 2020 | +2.8% | +4.2% | +5.3% | |
| Q1 2020 | +9.2% | +11.1% | +7.2% | |
| Q4 2019 | -4.6% | -5.8% | -1.2% | |
| Q3 2019 | +11.3% | +12.9% | +7.0% | |
| Q2 2019 | -0.6% | -0.2% | +3.9% | |
| Q1 2019 | +1.0% | +2.0% | +5.6% | |
| Q4 2018 | +2.5% | +5.2% | -0.1% | |
| Q3 2018 | -0.5% | -0.2% | -3.5% | |
| Q2 2018 | +1.4% | +2.6% | +3.4% | |
| Q1 2018 | -0.5% | +0.7% | -2.1% | |
| Q4 2017 | +2.8% | +0.8% | +1.3% | |
| Q3 2017 | +6.1% | +3.1% | -4.7% | |
| Q2 2017 | -4.9% | -5.9% | -10.6% | |
| Q1 2017 | +5.6% | — | — | |
| Q4 2016 | +10.4% | — | — | |
| Q3 2016 | +4.4% | — | — | |
| Q2 2016 | -4.0% | — | — | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | +13.4% | — | — | |
| Q3 2015 | -6.7% | — | — | |
| Q2 2015 | +8.0% | — | — | |
| Q1 2015 | -5.7% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | -8.0% | — | — | |
| Q2 2014 | +14.8% | — | — | |
| Q1 2014 | -5.5% | — | — | |
| Q4 2013 | +9.0% | — | — | |
| Q3 2013 | +7.8% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q4 2012 | +12.1% | — | — | |
| Q3 2012 | -13.9% | — | — | |
| Q2 2012 | -12.1% | — | — | |
| Q1 2012 | +0.3% | — | — | |
| Q4 2011 | +6.4% | — | — | |
| Q3 2011 | +2.3% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q1 2011 | -2.4% | — | — | |
| Q4 2008 | +0.7% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2009 | -3.4% | — | — | |
| Q3 2010 | -3.4% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro