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10-QPeriod: Q3 FY2026

Salesforce, Inc. Quarterly Report for Q3 Ended Oct 31, 2025

Filed December 4, 2025For Securities:CRM

Summary

Salesforce, Inc. (CRM) reported strong financial performance for the quarter and nine months ended October 31, 2025. Total revenues grew by 9% year-over-year to $10.3 billion for the quarter and $30.3 billion for the nine-month period, primarily driven by a robust increase in subscription and support revenues. The company demonstrated improved operational efficiency, with income from operations increasing by 20% year-over-year for the nine-month period and operating margin expanding to 22%. Diluted EPS also saw significant growth, reaching $5.73 for the nine months ended October 31, 2025. Key strategic initiatives include continued investment in AI, as evidenced by the introduction of Agentforce and the acquisition of Regrello Corp. and Informatica Inc., which are expected to accelerate innovation and market opportunities. The company also continues to focus on cost optimization and operational efficiencies, as indicated by restructuring charges, which are contributing to margin expansion. Cash flow from operations remained strong, providing ample liquidity. Investors will be keen to observe the integration of recent acquisitions and the continued execution of the company's AI strategy.

Financial Statements
Beta
Revenue$10.26B
Cost of Revenue$2.25B
Gross Profit$8.00B
R&D Expenses$1.43B
Operating Expenses$5.82B
Operating Income$2.19B
Interest Expense$67.00M
Net Income$2.09B
EPS (Basic)$2.20
EPS (Diluted)$2.19
Shares Outstanding (Basic)948.00M
Shares Outstanding (Diluted)952.00M

Key Highlights

  • 1Total revenues increased by 9% year-over-year to $10.3 billion for the three months ended October 31, 2025, and by 9% to $30.3 billion for the nine months ended October 31, 2025.
  • 2Subscription and support revenues, the primary revenue driver, grew by 10% year-over-year for the quarter and 9% for the nine-month period.
  • 3Income from operations increased by 20% to $6.5 billion for the nine months ended October 31, 2025, indicating improved operational efficiency and margin expansion.
  • 4Diluted net income per share rose to $5.73 for the nine months ended October 31, 2025, compared to $4.60 in the prior year period.
  • 5Cash provided by operating activities was $9.5 billion for the nine months ended October 31, 2025, up 4% year-over-year, reflecting strong cash generation.
  • 6Remaining Performance Obligation (RPO) increased to $59.5 billion as of October 31, 2025, indicating a healthy future revenue pipeline.
  • 7Acquisitions of Regrello Corp. in October 2025 and Informatica Inc. in November 2025 highlight a strategic focus on AI and data management capabilities.

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