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Salesforce (CRM) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 2, 2026
Salesforce (CRM) reported revenue of $11.2B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and +9% from the quarter before. Operating margin was 16.7%, net earnings $1.9B (17.3% of revenue).
Salesforce, Q4 FY26: revenue $11.2B (+12% year over year), operating margin 16.7%, net earnings $1.9B, operating cash flow $5.5B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.2B | +9% | +12% |
| Gross profit | $8.7B | +9% | +12% |
| Operating profit | $1.9B | -15% | +3% |
| Net earnings | $1.9B | -7% | +14% |
| Operating cash flow | $5.5B | +136% | +38% |
| Free cash flow | $5.3B | +145% | +39% |
What changed
Revenue was $11.2B in Q4 FY26, up 12% year over year and up 9% from the previous quarter. Agentforce 360 Platform, Slack and Other was the largest line at 24% of revenue.
Gross margin was 77.6%, down 0.2 points from Q4 FY25. Operating profit was $1.9B, a 16.7% margin (down 1.5 points year over year). Of the extra revenue versus Q4 FY25, 4% reached operating profit, below the 18% margin then. Operating expenses grew 15% against revenue growth of 12%. The fastest-growing cost line was General & admin (+18%). Net earnings were $1.9B, up 14% year over year. The effective tax rate was 26.1%. Non-operating items added $0.76B, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.5B (up 38% year over year), 281% of net earnings. Non-cash charges added back $1.1B of depreciation and amortization and $1.1B of share-based compensation. Working capital and other items added $1.3B. Capital expenditures of $0.14B left free cash flow of $5.3B.
Questions
What was Salesforce's revenue in the fourth quarter fiscal 2026?
Salesforce (CRM) reported revenue of $11.2B for the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier and +9% from the quarter before.
Was Salesforce profitable in the fourth quarter fiscal 2026?
Operating profit was $1.9B (16.7% of revenue) and net earnings $1.9B.
Source: Salesforce 10-K on SEC EDGAR.