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Salesforce (CRM) operating margin by quarter

Salesforce's operating margin was 20.5% in Q2 FY27 (second quarter fiscal 2027), -0.5 pts from Q1 FY27. Over the last 7 quarters it ranged from 16.7% (Q4 FY26) to 22.8% (Q2 FY26).

Salesforce operating margin by quarterSalesforce operating margin by quarter18.2%Q4 FY2519.8%Q1 FY2622.8%Q2 FY2621.3%Q3 FY2616.7%Q4 FY2621.1%Q1 FY2720.5%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY2720.5%-0.5 pts-2.2 pts
Q1 FY2721.1%+4.4 pts+1.3 pts
Q4 FY2616.7%-4.6 pts-1.5 pts
Q3 FY2621.3%-1.5 pts—
Q2 FY2622.8%+3.0 pts—
Q1 FY2619.8%+1.5 pts—
Q4 FY2518.2%——

Q2 FY27 at a glance

Salesforce, Q2 FY27: revenue $11.3B (+11% year over year), operating margin 20.5%, net earnings $3.5B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.

Questions

What is Salesforce's operating margin?

Salesforce's operating margin was 20.5% in Q2 FY27 (second quarter fiscal 2027), -0.5 pts from Q1 FY27.

How has Salesforce's operating margin changed?

Over the last 7 quarters it ranged from 16.7% (Q4 FY26) to 22.8% (Q2 FY26).

Q2 FY27 results → · How Salesforce makes money →