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Salesforce (CRM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 4, 2025
Salesforce (CRM) reported revenue of $10.3B for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +0.2% from the quarter before. Operating margin was 21.3%, net earnings $2.1B (20.3% of revenue).
Salesforce, Q3 FY26: revenue $10.3B (+9% year over year), operating margin 21.3%, net earnings $2.1B, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3B | +0.2% | +9% |
| Gross profit | $8.0B | +0.1% | +9% |
| Operating profit | $2.2B | -6% | +16% |
| Net earnings | $2.1B | +11% | +37% |
| Operating cash flow | $2.3B | +213% | +17% |
| Free cash flow | $2.2B | +260% | +22% |
What changed
Revenue was $10.3B in Q3 FY26, up 9% year over year and roughly flat from the previous quarter. Agentforce Service was the largest line at 24% of revenue. Agentforce 360 Platform, Slack and Other added $0.35B year over year (up 19%), 44% of the total change. Professional services and other declined 6%.
Gross margin was 78.0%, up 0.3 points from a year earlier. Operating profit was $2.2B, a 21.3% margin (up 1.3 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 20% margin then. Operating expenses grew 7% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+364%). Net earnings were $2.1B, up 37% year over year. The effective tax rate was 17.0%.
Operating cash flow was $2.3B (up 17% year over year), 111% of net earnings. Non-cash charges added back $0.85B of depreciation and amortization and $0.82B of share-based compensation. Working capital and other items used $1.4B. Capital expenditures of $0.14B left free cash flow of $2.2B.
Questions
What was Salesforce's revenue in the third quarter fiscal 2026?
Salesforce (CRM) reported revenue of $10.3B for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +0.2% from the quarter before.
Was Salesforce profitable in the third quarter fiscal 2026?
Operating profit was $2.2B (21.3% of revenue) and net earnings $2.1B.
Source: Salesforce 10-Q on SEC EDGAR.