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Oct 31, 2025
Salesforce Q3 2026 Earnings Report
Salesforce reported strong third quarter results driven by Agentforce and Data 360 growth.
Key Takeaways
Salesforce delivered record Q3 FY26 results with revenue and net income increasing, propelled by significant growth in Agentforce adoption and strong operating margins.
Total revenue reached $10.26 billion, up from $9.44 billion a year ago.
Net income rose to $2.09 billion with diluted EPS at $2.19.
Agentforce ARR exceeded $500 million, growing 330% year-over-year.
Free cash flow came in at $2.18 billion, up 22% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Salesforce raised full-year FY26 revenue and cash flow guidance while maintaining a strong margin outlook.
Positive Outlook
- Full-year FY26 revenue guidance raised to $41.45B–$41.55B
- Operating cash flow growth guidance increased to 13%–14%
- Non-GAAP operating margin guidance maintained at 34.1%
- Q4 FY26 revenue expected at $11.13B–$11.23B
- Q4 EPS expected at $1.47–$1.49 (GAAP), $3.02–$3.04 (non-GAAP)
Challenges Ahead
- Restructuring charges still impacting GAAP margins
- Unearned revenue decreased to $14.996B from $16.555B QoQ
- Operating lease liabilities remain elevated at $2.7B
- Cash from operations impacted by contract capitalizations
- Market volatility may affect strategic investment portfolio
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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