Filing Flows › Salesforce (CRM) › Q1 FY27 › vs Q4 FY26
Salesforce (CRM) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Salesforce's revenue fell $68.0M (-0.6%) from $11.2B in Q4 FY26 to $11.1B in Q1 FY27. Gross margin 76.9% against 77.6% (-0.7 pts).
Salesforce, Q1 FY27: revenue $11.1B (+13% year over year), operating margin 21.1%, net earnings $2.1B, operating cash flow $6.7B. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 76.9% | 77.6% | -0.7 pts |
| Operating margin | 21.1% | 16.7% | +4.4 pts |
| Net margin | 18.9% | 17.3% | +1.6 pts |
| Free cash flow margin | 58.9% | 47.5% | +11.4 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $11.1B | $11.2B | −$68.0M | -0.6% |
| Gross profit | $8.6B | $8.7B | −$130M | -1% |
| Cost of revenue | $2.6B | $2.5B | $62.0M | +2% |
| Other income, net | $374M | $759M | −$385M | -51% |
| Operating profit | $2.3B | $1.9B | $478M | +26% |
| Operating expenses | $6.2B | $6.8B | −$608M | -9% |
| Pre-tax earnings | $2.7B | $2.6B | $93.0M | +4% |
| Research & development | $1.6B | $1.6B | $8.0M | +0.5% |
| Sales & marketing | $3.8B | $4.0B | −$248M | -6% |
| General & admin | $740M | $902M | −$162M | -18% |
| Other operating costs | $80.0M | $286M | −$206M | -72% |
| Net earnings | $2.1B | $1.9B | $164M | +8% |
| Income tax | $614M | $685M | −$71.0M | -10% |
| Depreciation & amortization | $985M | $1.1B | −$135M | -12% |
| Share-based compensation | $857M | $1.1B | −$226M | -21% |
| Working capital & other | $2.8B | $1.3B | $1.4B | +109% |
| Operating cash flow | $6.7B | $5.5B | $1.2B | +23% |
| Free cash flow (OCF − capex) | $6.6B | $5.3B | $1.2B | +23% |
| Capital expenditures | $145M | $141M | $4.0M | +3% |
Questions
How much did Salesforce's revenue grow quarter over quarter in Q1 FY27?
Salesforce's revenue fell $68.0M (-0.6%) from $11.2B in Q4 FY26 to $11.1B in Q1 FY27. Gross margin 76.9% against 77.6% (-0.7 pts).