Salesforce Q1 FY2027 earnings: revenue up 13% as AI products Agentforce and Data Cloud scale
Salesforce's Q1 FY2027 revenue rose 13% to $11.13 billion and EPS was $2.42, with AI products Agentforce and Data Cloud driving growth and a $25 billion buyback announced.
| Q1 2027 | Reported |
|---|---|
| EPS | $2.42 |
| Revenue | $11.13B |
Figures as reported by the company to the SEC for the quarter ended April 30, 2026. Analyst estimates are not part of a filing, so no comparison to expectations is shown.
Key takeaways
- Revenue reached $11.13 billion for the quarter, up 13% from a year earlier, with the subscription and support business (Salesforce’s core recurring-revenue segment) growing 14% to $10.6 billion.
- Growth is increasingly tied to AI products: Agentforce, Salesforce’s AI ‘agent’ offering, hit $1.2 billion in annualized revenue (its current quarterly pace multiplied by four), up 205% from a year ago. Combined with the Data Cloud/Data 360 platform, AI and data products now generate close to $3.4 billion in annual recurring revenue, more than triple last year’s level.
- Current remaining performance obligation — contracted revenue not yet recognized, a common gauge of near-term demand — rose 14% year-over-year to $33.6 billion, driven by strength in Agentforce, Data Cloud and Slack, partly offset by softer bookings in the commerce and Tableau product lines.
- Salesforce raised its full-year revenue outlook, now expecting $45.9-$46.2 billion for fiscal 2027, about 11% growth, and guided second-quarter revenue to $11.27-$11.35 billion.
- Profitability held steady: gross margin over the trailing year stood at about 77.6% (roughly 78 cents of every revenue dollar left after direct costs of service), and net profit margin was about 18.7%, both broadly stable with recent periods; trailing-year earnings per share grew 35% year-over-year.
- The company launched a $25 billion accelerated share buyback, funded partly with new debt, and correspondingly lowered its full-year cash-flow growth guidance to roughly 4%-5%, down from a prior higher target, to reflect that borrowing.
- CEO Marc Benioff called it ‘an outstanding quarter for Salesforce — record revenue, record deals, and cash flow,’ framing agentic AI (software that can autonomously carry out tasks) as the company’s biggest growth opportunity and pointing to more than $1 billion in Agentforce annual recurring revenue.
Q1 2027 in context
| Metric | Apr 2026 | Apr 2025 | Change |
|---|---|---|---|
| Revenue | $11.1B | $9.8B | +13.3% |
| Net income | $2.1B | $1.5B | +36.7% |
| Free cash flow | $6.6B | $6.3B | +4.1% |
| Diluted EPS | $2.42 | $1.59 | +52.2% |
| Gross margin | 76.9% | 77.0% | -0.0 pts |
| Operating margin | 21.1% | 19.8% | +1.3 pts |
| Net margin | 18.9% | 15.7% | +3.2 pts |
Figures for the quarter ended Apr 2026 and the quarter ended Apr 2025, as reported to the SEC.
How the stock took it
Salesforce Inc closed at $177.51 on May 27, 2026, the last session before the report, and at $191.10 on May 29, 2026, the first session after it — +7.7% across the report.
| Earlier report | Close before | Close after | Change |
|---|---|---|---|
| Dec 4, 2025 | $238.72 | $260.57 | +9.2% |
| 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 · Yahoo Finance