Q3 26 EPS
$3.25
BEAT +13.57%
Est. $2.86
Q3 26 Revenue
$10.26B
MISS 0.13%
Est. $10.27B
vs S&P Since Q3 26
-29.5%
TRAILING MARKET
CRM -24.2% vs S&P +5.3%
Market Reaction
Did CRM Beat Earnings? Q3 2026 Results
Salesforce delivered a standout Q3 FY26, posting earnings per share of $3.25 against a consensus estimate of $2.86, a beat of 13.57% that underscored the company's sharpening operational discipline even as revenue of $10.26 billion came in just fract… Read more Salesforce delivered a standout Q3 FY26, posting earnings per share of $3.25 against a consensus estimate of $2.86, a beat of 13.57% that underscored the company's sharpening operational discipline even as revenue of $10.26 billion came in just fractionally below the $10.27 billion estimate, a -0.13% miss that barely registered against an otherwise strong print. Revenue still grew 8.6% year over year, with the headline story firmly rooted in the explosive acceleration of Agentforce: the AI-powered agentic platform surpassed $500 million in ARR, up 330% year over year, with over 9,500 paid deals closed and production accounts rising 70% quarter over quarter. Non-GAAP operating margin expanded meaningfully to 35.5% from 33.1% a year ago, reflecting the cost discipline investors have been watching closely. Those results fueling breakout speculation are backed by raised full-year revenue guidance of $41.45 billion to $41.55 billion and operating cash flow growth now expected at 13%-14%, with the recently completed Informatica acquisition expected to contribute roughly 3 percentage points to Q4 revenue growth alone.
Key Takeaways
- • Agentforce and Data 360 ARR reached nearly $1.4 billion, up 114% Y/Y
- • Agentforce ARR surpassed half a billion, up 330% Y/Y
- • Agentforce accounts in production increased 70% quarter-over-quarter
- • Over 9,500 paid Agentforce deals, up 50% quarter-over-quarter
- • 50% of Agentforce and Data 360 Q3 bookings from existing customer expansion
- • cRPO up 11% Y/Y to $29.4 billion
- • RPO climbed 12% Y/Y to nearly $60 billion
- • Non-GAAP operating margin expanded to 35.5% from 33.1% Y/Y
CRM YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
CRM Revenue by Segment
With YoY comparisons, source: SEC Filings
CRM Revenue by Geography
With YoY comparisons, source: SEC Filings
“We are raising fiscal year 2026 revenue guidance to $41.45 billion to $41.55 billion, and Q3 cRPO was exceptional, up 11% year-over-year at $29.4 billion, signaling a powerful pipeline of future revenue. Our Agentforce and Data 360 products are the momentum drivers, hitting nearly $1.4 billion in ARR—an explosive 114% year-over-year gain. We now have over 9,500 paid Agentforce deals and 3.2 trillion tokens processed, underscoring our leadership in building the Agentic Enterprise and driving real outcomes.”
— Marc Benioff, Q3 2026 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% |