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Salesforce (CRM) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 4, 2025
Salesforce (CRM) reported revenue of $10.2B for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +4% from the quarter before. Operating margin was 22.8%, net earnings $1.9B (18.4% of revenue).
Salesforce, Q2 FY26: revenue $10.2B (+10% year over year), operating margin 22.8%, net earnings $1.9B, operating cash flow $740M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.2B | +4% | +10% |
| Gross profit | $8.0B | +6% | +12% |
| Operating profit | $2.3B | +20% | +31% |
| Net earnings | $1.9B | +22% | +32% |
| Operating cash flow | $740M | -89% | -17% |
| Free cash flow | $605M | -90% | -20% |
What changed
Revenue was $10.2B in Q2 FY26, up 10% year over year and up 4% from the previous quarter. Service was the largest line at 24% of revenue. Platform and Other added $0.30B year over year (up 17%), 33% of the total change. Professional services and other declined 3%.
Gross margin was 78.1%, up 1.2 points from a year earlier. Operating profit was $2.3B, a 22.8% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 60% reached operating profit, above the 19% margin then. Operating expenses grew 5% against revenue growth of 10%. Net earnings were $1.9B, up 32% year over year. The effective tax rate was 21.6%.
Operating cash flow was $0.74B (down 17% year over year), 39% of net earnings. Non-cash charges added back $0.82B of depreciation and amortization and $0.79B of share-based compensation. Working capital and other items used $2.8B. Capital expenditures of $0.14B left free cash flow of $0.60B.
Questions
What was Salesforce's revenue in the second quarter fiscal 2026?
Salesforce (CRM) reported revenue of $10.2B for the second quarter fiscal 2026 (Q2 FY26), +10% from a year earlier and +4% from the quarter before.
Was Salesforce profitable in the second quarter fiscal 2026?
Operating profit was $2.3B (22.8% of revenue) and net earnings $1.9B.
Source: Salesforce 10-Q on SEC EDGAR.