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Salesforce (CRM) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 28, 2026
Salesforce (CRM) reported revenue of $11.1B for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and -0.6% from the quarter before. Operating margin was 21.1%, net earnings $2.1B (18.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | -0.6% | +13% |
| Gross profit | $8.6B | -1% | +13% |
| Operating profit | $2.3B | +26% | +21% |
| Net earnings | $2.1B | +8% | +37% |
| Operating cash flow | $6.7B | +23% | +3% |
| Free cash flow | $6.6B | +23% | +4% |
What changed
Revenue was $11.1B in Q1 FY27, up 13% year over year and down 1% from the previous quarter. Agentforce Apps was the largest line at 62% of revenue. Data 360, Headless Platform, and Other added $0.73B year over year (up 25%), 56% of the total change.
Gross margin was 76.9%, unchanged from Q1 FY26. Operating profit was $2.3B, a 21.1% margin (up 1.3 points year over year). Of the extra revenue versus Q1 FY26, 31% reached operating profit, above the 20% margin then. Operating expenses grew 11% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $2.1B, up 37% year over year. The effective tax rate was 22.6%.
Operating cash flow was $6.7B (up 3% year over year), 318% of net earnings. Non-cash charges added back $1.0B of depreciation and amortization and $0.86B of share-based compensation. Working capital and other items added $2.8B. Capital expenditures of $0.14B left free cash flow of $6.6B.
Questions
What was Salesforce's revenue in the first quarter fiscal 2027?
Salesforce (CRM) reported revenue of $11.1B for the first quarter fiscal 2027 (Q1 FY27), +13% from a year earlier and -0.6% from the quarter before.
Was Salesforce profitable in the first quarter fiscal 2027?
Operating profit was $2.3B (21.1% of revenue) and net earnings $2.1B.
Source: Salesforce 10-Q on SEC EDGAR.