Salesforce, Inc. · Q3 FY2026
ReportedAug 26, 2026
Period endedJul 31, 2026
Rule of 40+21
Consensus vs reported
EPS · NON-GAAP
BEAT +80%
$5.90
vs $3.27 expected
QoQ+52.1%
YoY+103%
Revenue
IN LINE
$11.35B
vs $11.30B expected
QoQ+1.9%
YoY+10.8%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
The quarter in short
Revenue $11.35B, up 10.8% year over year and 1.9% on the quarter. Non-GAAP EPS $5.90, up 103% year over year and 52.1% on the quarter. GAAP EPS $4.29. Free cash flow $1.10B, up 81.5% year over year and down 83.3% on the quarter. Non-GAAP EPS beat consensus by 80%. Rule of 40 score +21.
Reported this quarter
Revenue
$11.35B
QoQ +1.9%
YoY +10.8%
EPS · NON-GAAP
$5.90
QoQ +52.1%
YoY +103%
EPS · GAAP
$4.29
QoQ +77.3%
YoY +118.9%
Free Cash Flow
$1.10B
QoQ −83.3%
YoY +81.5%
Gross Margin
76.7%
QoQ −0.3 pp
YoY −1.4 pp
FCF Margin
9.7%
QoQ −49.2 pp
YoY +3.8 pp
P/E Ratio
16.8
QoQ −17.9%
YoY −55.2%
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- Operating income was flat to the dollar. $2,331 million against $2,332 million, while revenue grew 10.8% and GAAP EPS grew 118.9%. GAAP operating margin fell 2.3 points to 20.5% ; non-GAAP held at 34.1%.
- $2.6 billion of investment gains sit inside both headline EPS figures. Non-GAAP strips stock compensation and amortisation, not mark-to-market. Ex-gains, non-GAAP EPS is roughly $3.37 against a $3.27 consensus rather than $5.90 — a 3% beat, not an 80% one. That adjustment is ours.
- The share count did the rest. Diluted shares fell 14.7% to 821 million after $27.3 billion of buybacks in six months, funded with $24.8 billion of new debt .
- The 11% growth rate is 6.4% organic. Informatica contributed $456 million , and two-thirds of the raised full-year guide comes from acquisitions that have not closed.
- cRPO is the number that genuinely improved: $33.5 billion, +14% , a point ahead of the guide and an acceleration from 13% — and it is the reason the stock rose 13% after hours despite everything above.
Coverage around this release
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2024 Q3 | — | $1.47 | — |
| 2024 Q4 | — | $1.58 | — |
| 2025 Q1 | — | $1.75 | — |
| 2025 Q2 | — | $1.59 | — |
| 2025 Q3 | — | $1.96 | — |
| 2025 Q4 | — | $2.19 | — |
| 2026 Q2 | $2.12 | $2.42 | +14% |
| 2026 Q3 | $3.27 | $5.90 | +80% |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1108524.
JSON
Company facts (XBRL)
Every figure CRM has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for Q3 FY2026, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings