NYSE$CRM

Salesforce Inc · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Salesforce reported Q3 fiscal 2026 revenue of $10.26B, up 9% year over year, with diluted EPS of $2.19.

Third quarter total revenue grew 9% to $10.26 billion with subscription and support revenue of $9.76 billion (+9%). Net income was $2.09 billion ($2.19 diluted EPS) versus $1.53 billion ($1.58 per share) a year ago. Total remaining performance obligation reached $59.5 billion (+12% YoY) and current RPO $29.4 billion (+11%).

  • Q3 revenue $10.26B (+9% YoY); subscription revenue +9%.
  • Diluted EPS $2.19; nine-month operating cash flow $9.5B.
  • Total RPO $59.5B (+12%); current RPO $29.4B (+11%).
  • Completed Regrello acquisition; Informatica closed in November 2025.

Headline financials

Total Revenue

$10.3B

Previous: $9.44B+8.6%
EPS (adj)

$2.19

Previous: $1.58+38.6%
Remaining Performance Obligation

$59.5B

Previous: $53.1B+12.1%
Current RPO

$29.4B

Previous: $26.4B+11.4%
GAAP Operating Margin

21.3%

No prior period
Non-GAAP Operating Margin

35.5%

No prior period
Agentforce ARR

$500M

No prior period
Agentforce Deals Closed

9.5K

No prior period
Tokens Processed

3200.0B

No prior period
Capital Expenditures

-$139M

Previous: -$204M+31.9%
Free Cash Flow

$1.95B

Previous: $1.78B+9.4%
Net Income

$2.09B

Previous: $1.53B+36.6%
Operating Income

$2.19B

Previous: $1.89B+15.6%
Gross Profit

$8B

Previous: $7.34B+9.1%
Cash & Equivalents

$8.98B

Previous: $8B+12.3%
Total Assets

$95.1B

Previous: $91.4B+4.1%

Revenue & EPS history

Salesforce · Revenue · Quarterly

$10.3B

Q3 2026+8.6%vs Q3 2025
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Salesforce · $6.9B total across 4 segments · Q3 2024

  • Agentforce Service
    $2.07B+11.7%
  • Agentforce Sales
    $1.91B+11.0%
  • Agentforce 360 Platform
    $1.69B+11.4%
  • Agentforce Marketing & Commerce
    $1.23B+8.9%

Forward guidance

Salesforce cited strong Agentforce and Data Cloud momentum with total RPO of $59.5B (+12% YoY) and current RPO $29.4B (+11%). The November 2025 Informatica acquisition expands the data platform; Q4 is seasonally the largest billing quarter.

Tailwinds

  • Current RPO $29.4B (+11% YoY) supports revenue visibility.
  • Nine-month revenue $30.3B (+9%); operating margin ~22%.
  • $8.7B of share repurchases in the first nine months of FY26.
  • Agentforce and AI service offerings gaining customer adoption.

Headwinds

  • Foreign exchange volatility may affect reported growth.
  • Regrello and Informatica integration and financing costs.
  • Restructuring and measured hiring to manage operating expenses.
  • Attrition and IT budget cycles remain key demand risks.

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 2026

Historical avgQ3 2026

+0.9%

Avg return

Earnings day

+1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

52%

38 / 73 earnings

Positive

+30.6%

Q2 2021

Best reaction

-19.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027+1.2%+14.9%
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%
Q4 2009+0.2%
Q2 2010+0.2%
Q2 2009+0.2%

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