Filing Flows › Salesforce (CRM) › Q2 FY27 › vs Q1 FY27
Salesforce (CRM) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Salesforce's revenue rose $212M (+2%) from $11.1B in Q1 FY27 to $11.3B in Q2 FY27. The biggest changes: Subscription and support +$218M (+2%); Professional services and other −$15.0M (-3%). Gross margin 76.7% against 76.9% (-0.3 pts).
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 draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 76.7% | 76.9% | -0.3 pts |
| Operating margin | 20.5% | 21.1% | -0.5 pts |
| Net margin | 31.1% | 18.9% | +12.2 pts |
| Free cash flow margin | 9.7% | 58.9% | -49.2 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Agentforce Apps | $7.2B | $6.9B | $283M | +4% |
| Data 360, Headless Platform, and Other | $3.6B | $3.7B | −$65.0M | -2% |
| Subscription and support | $10.8B | $10.6B | $218M | +2% |
| Professional services and other | $525M | $540M | −$15.0M | -3% |
| Revenue | $11.3B | $11.1B | $212M | +2% |
| Gross profit | $8.7B | $8.6B | $133M | +2% |
| Cost of revenue | $2.6B | $2.6B | $79.0M | +3% |
| Other income, net | $2.2B | $374M | $1.8B | +494% |
| Operating profit | $2.3B | $2.3B | −$16.0M | -0.7% |
| Operating expenses | $6.4B | $6.2B | $149M | +2% |
| Pre-tax earnings | $4.6B | $2.7B | $1.8B | +67% |
| Research & development | $1.7B | $1.6B | $60.0M | +4% |
| Sales & marketing | $3.9B | $3.8B | $90.0M | +2% |
| General & admin | $725M | $740M | −$15.0M | -2% |
| Other operating costs | $94.0M | $80.0M | $14.0M | +18% |
| Net earnings | $3.5B | $2.1B | $1.4B | +67% |
| Income tax | $1.0B | $614M | $412M | +67% |
| Operating cash sources | $5.4B | $3.9B | $1.4B | +37% |
| Depreciation & amortization | $966M | $985M | −$19.0M | -2% |
| Share-based compensation | $906M | $857M | $49.0M | +6% |
| Working capital & other | $4.1B | −$2.8B | $6.9B | — |
| Operating cash flow | $1.3B | $6.7B | −$5.4B | -81% |
| Free cash flow (OCF − capex) | $1.1B | $6.6B | −$5.5B | -83% |
| Capital expenditures | $171M | $145M | $26.0M | +18% |
Questions
How much did Salesforce's revenue grow quarter over quarter in Q2 FY27?
Salesforce's revenue rose $212M (+2%) from $11.1B in Q1 FY27 to $11.3B in Q2 FY27.
What drove Salesforce's revenue change in Q2 FY27?
Subscription and support +$218M (+2%); Professional services and other −$15.0M (-3%).