Salesforce Q3 2026 Earnings: AI Products Drive Growth, Guidance Raised
Salesforce's Q3 revenue rose 9% and AI products Agentforce and Data 360 more than doubled, prompting the company to raise its full-year revenue outlook.
| Q3 2026 | Reported |
|---|---|
| EPS | $2.19 |
| Revenue | $10.26B |
Figures as reported by the company to the SEC for the quarter ended October 31, 2025. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Revenue came in at $10.26 billion, up 9% from a year earlier (8% after adjusting for currency swings), and net income rose to $2.09 billion, or $2.19 per share, up from $1.53 billion, or $1.58 per share, in the same quarter last year.
- Growth was driven largely by Salesforce’s newer AI products, Agentforce and Data 360, which together reached nearly $1.4 billion in annualized recurring revenue, up 114% year-over-year; Agentforce software alone brought in more than $500 million in the quarter.
- Salesforce said it now has over 9,500 paid Agentforce deals and has processed 3.2 trillion AI “tokens” (units of AI computing work), evidence that customers are putting the AI agents to actual use rather than just testing them.
- The company raised its full-year revenue guidance to $41.45–$41.55 billion, implying growth of about 11%-12% for the fiscal year; roughly 3 percentage points of that growth is expected to come from Informatica, the data-management company Salesforce acquired for about $8 billion in November.
- Current remaining performance obligation — contracts already signed that will convert to revenue within the next year, a gauge of near-term demand — rose 11% year-over-year to $29.4 billion. CEO Marc Benioff called it “exceptional,” saying it signals “a powerful pipeline of future revenue.”
- Operating margin (the share of revenue left after running the business) was 21.3% on a standard accounting basis for the quarter; looking at the trailing twelve months, gross margin stood near 78% and net profit margin near 19%, with per-share earnings up about 35% from a year earlier, pointing to profitability improving alongside revenue growth.
- Salesforce also highlighted an adjusted (non-GAAP) profit measure of $3.25 per share for the quarter, a figure that strips out items like stock-based compensation and acquisition costs and which the company uses alongside its standard accounting results.
Q3 2026 in context
| Metric | Oct 2025 | Oct 2024 | Change |
|---|---|---|---|
| Revenue | $10.3B | $9.4B | +8.6% |
| Net income | $2.1B | $1.5B | +36.6% |
| Free cash flow | $2.2B | $1.8B | +22.4% |
| Diluted EPS | $2.19 | $1.58 | +38.6% |
| Gross margin | 78.0% | 77.7% | +0.3 pts |
| Operating margin | 21.3% | 20.0% | +1.3 pts |
| Net margin | 20.3% | 16.2% | +4.2 pts |
Figures for the quarter ended Oct 2025 and the quarter ended Oct 2024, as reported to the SEC.
How the stock took it
Salesforce Inc closed at $238.72 on Dec 3, 2025, the last session before the report, and at $260.57 on Dec 5, 2025, the first session after it — +9.2% across the report.
| Earlier report | Close before | Close after | Change |
|---|---|---|---|
| Sep 4, 2025 | $256.45 | $250.76 | -2.2% |
Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.
Sources: company report · Salesforce Ben · Yahoo Finance · company fundamentals data · CNBC