Q4 25 EPS
$2.78
BEAT +6.43%
Est. $2.61
Q4 25 Revenue
$9.99B
MISS 0.42%
Est. $10.04B
vs S&P Since Q4 25
-59.3%
TRAILING MARKET
CRM -36.1% vs S&P +23.2%
Full Year 2025 Results
FY 25 EPS
$10.20
FY 25 Revenue
$37.90B
Market Reaction
Did CRM Beat Earnings? Q4 2025 Results
Salesforce closed out its fiscal fourth quarter with a profit beat that overshadowed a narrow revenue shortfall, as the enterprise software giant posted non-GAAP diluted EPS of $2.78, ahead of the $2.61 consensus estimate by 6.43%, while revenue of $… Read more Salesforce closed out its fiscal fourth quarter with a profit beat that overshadowed a narrow revenue shortfall, as the enterprise software giant posted non-GAAP diluted EPS of $2.78, ahead of the $2.61 consensus estimate by 6.43%, while revenue of $9.99 billion came in just 0.42% below expectations but still represented 7.6% growth year over year. The key driver behind the margin-fueled profit beat was continued operating leverage, with non-GAAP operating margin expanding to 33.1% from 31.4% a year ago, and GAAP net income climbing to $1.71 billion from $1.45 billion. A central theme in the quarter was the rapid traction of Agentforce, Salesforce's AI agent platform, which closed 5,000 deals since October, including more than 3,000 paid engagements, and recently expanded its capabilities through a partnership with Google's Gemini AI. Looking ahead, the company guided FY26 revenue of $40.50 billion to $40.90 billion and non-GAAP EPS of $11.09 to $11.17, projecting continued margin improvement to 34.0%.
Key Takeaways
- • Subscription and support revenue growth of 8% Y/Y (9% in constant currency)
- • Non-GAAP operating margin expansion to 33.1% from 31.4% Y/Y in Q4
- • Operating cash flow growth of 28% Y/Y for full fiscal year
- • Strong Agentforce and Data Cloud adoption driving AI momentum
- • Nearly half of Fortune 100 are both AI & Data Cloud customers
- • Total RPO of $63.4 billion, up 11% Y/Y
CRM YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CRM Revenue by Segment
With YoY comparisons, source: SEC Filings
CRM Revenue by Geography
With YoY comparisons, source: SEC Filings
“We had an incredible quarter and year, with strong performance across all our key metrics, including the highest cash flow in our company's history and more than $60 billion in RPO.”
— Marc Benioff, Q4 2025 Earnings Press Release
CRM Earnings Trends
CRM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRM EPS Trend
Earnings per share: estimate vs actual
CRM Revenue Trend
Quarterly revenue: estimate vs actual
CRM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $3.05 | $3.81 | +24.92% | $11.20B | — |
| FY Full Year | $11.77 | $12.52 | +6.36% | $41.53B | +0.08% |
| Q3 26 BEAT | $2.86 | $3.25 | +13.57% | $10.26B | -0.13% |
| Q2 26 BEAT | $2.78 | $2.91 | +4.71% | $10.24B | +0.97% |
| Q1 26 BEAT | $2.55 | $2.58 | +1.29% | $9.83B | +0.81% |
| Q4 25 BEAT FY | $2.61 | $2.78 | +6.43% | $9.99B | -0.42% |
| FY Full Year | — | $10.20 | — | $37.90B | — |
| Q3 25 MISS | $2.45 | $2.41 | -1.47% | $9.44B | +1.04% |