Salesforce (CRM) Q2 FY27 earnings
Revenue $11.3B, up 11% from a year ago. Net income $3.5B.
Salesforce grew revenue 11% to $11.3B, and net income reached $3.5B — 31 cents per revenue dollar — with gains on strategic investments inside that figure, per the filing. Agentforce Apps carried 63% of revenue, up 8%.
Ten years of margins, per dollar of revenue.
Gross, operating and net margin per dollar across ten years of filings.
Remaining performance obligations, year by year.
Contracted work not yet recognized as revenue, at each year-end.
Where the revenue came from
| Segment | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Agentforce Apps | $7.2B | 63.4% | +8% |
| Data 360, Headless Platform, & Other | $3.6B | 31.9% | +20% |
| Professional services & other | $525M | 4.6% | -4% |
| Hedging gains | $9M | 0.1% | — |
Income statement, line by line
| Line | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Revenue | $11.3B | +11% | |
| Cost of revenue | $2.6B | 23.3% | +18% |
| Gross profit | $8.7B | 76.7% | +9% |
| Operating expenses | $6.4B | 56.1% | +12% |
| Operating income | $2.3B | 20.5% | -0% |
| Pretax income | $4.6B | 40.1% | +89% |
| Income tax | $1.0B | 9.0% | +98% |
| Net income | $3.5B | 31.1% | +87% |
— means the filing states no comparable prior-year figure for that line, so we do not compute one.
Effective tax rate: 22.5%. That is tax as a share of pretax income. The 9.0% in the column above is tax as a share of revenue, which is not a tax rate.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Jul 31, 2026 | $11.3B | $3.5B | 31.1% |
| Apr 30, 2026 | $11.1B | $2.1B | 18.9% |
| Jan 31, 2026 | $11.2B | $1.9B | 17.3% |
| Oct 31, 2025 | $10.3B | $2.1B | 20.3% |
| Jul 31, 2025 | $10.2B | $1.9B | 18.4% |
| Apr 30, 2025 | $9.8B | $1.5B | 15.7% |
| Jan 31, 2025 | $10.0B | $1.7B | 17.1% |
| Oct 31, 2024 | $9.4B | $1.5B | 16.2% |
Held by tracked 13F managers
SALESFORCE INC (COM): 7 of 69 tracked managers reported holding it — $4,857M across tracked reports, as filed.
13F reports arrive up to 45 days after quarter end and may be amended; totals sum across tracked reports, not unique economic ownership.
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