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Jan 31
Salesforce Q4 2026 Earnings Report
Salesforce reported record fourth quarter fiscal 2026 results with double-digit revenue growth and margin expansion.
Key Takeaways
Salesforce delivered strong Q4 FY2026 results with revenue up 12% year-over-year, expanding non-GAAP operating margins, and record remaining performance obligations driven by Agentforce and Data 360 momentum.
Revenue grew 12% year-over-year to $11.20B.
Non-GAAP operating margin expanded to 34.20%.
Remaining performance obligation reached $72.40B, up 14% year-over-year.
Agentforce ARR surged 169% year-over-year to $800.00M.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Salesforce guided for 10% to 11% revenue growth in FY2027 with continued margin expansion and operating cash flow growth.
Positive Outlook
- FY2027 revenue guidance of $45.80B to $46.20B.
- Expected organic revenue re-acceleration in H2 FY2027.
- FY2027 GAAP operating margin guidance of 20.9%.
- FY2027 non-GAAP operating margin guidance of 34.3%.
- Operating cash flow expected to grow approximately 9% to 10%.
Challenges Ahead
- Subscription revenue growth guided slightly under 12%.
- Approximately $300M FX headwind expected.
- Capital expenditures projected at approximately 1.5% of revenue.
- Guidance includes acquisition-related impacts.
- Macroeconomic and currency uncertainties remain.
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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