TLDR
- Salesforce Q4 revenue grew 12% year over year to $11.20 billion, beating estimates
- Full-year fiscal 2027 revenue guidance of $45.8B–$46.2B came in slightly below Wall Street expectations
- Salesforce authorized a $50 billion share buyback, citing the stock’s low price
- Agentforce annualized revenue exceeded $800 million, up from $540 million the prior quarter
- Salesforce raised its fiscal 2030 revenue target to $63 billion, up from $60 billion
Salesforce posted strong Q4 numbers on Wednesday, but the stock still dropped around 5% in after-hours trading after its full-year revenue guidance fell just short of what Wall Street was expecting.
Salesforce, $CRM, Q4-26.
Agentic AI momentum builds.
📊 Adj. EPS: $3.81 🟢
💰 Revenue: $11.2B 🟢
📈 Net Income: $1.94BRPO hits $72.40B, up 14% Y/Y.
Non-GAAP operating margin expands to 34.20%. pic.twitter.com/N9y94Hzf1P— EarningsTime (@Earnings_Time) February 25, 2026
For the quarter ending January 31, revenue came in at $11.20 billion, up 12% year over year. That’s the fastest growth rate Salesforce has seen in two years.
Adjusted earnings per share hit $3.81, well ahead of the $3.04 consensus estimate from LSEG. Net income rose to $1.94 billion from $1.71 billion a year earlier.
Current remaining performance obligation — contracted revenue expected to be recognized over the next 12 months — came in at $35.1 billion, above the $34.53 billion consensus.
For fiscal 2027, Salesforce guided for revenue of $45.8 billion to $46.2 billion. Analysts had been looking for $46.06 billion. That implies growth of around 10% to 11%, roughly in line with last year’s pace.
CEO Marc Benioff wasn’t holding back on Wednesday. He called the recent stock selloff a buying opportunity and authorized a new $50 billion share buyback program.
“This is not our first SaaS-pocalypse,” Benioff said on an earnings call. “We are going to make it through this one as well.”
The buyback replaces all previously unused authorizations. As of Wednesday’s close, CRM stock had fallen roughly 28% in 2026, touching a three-year low earlier in the month.
Agentforce Picks Up Speed
Agentforce, Salesforce’s AI automation product, posted annualized revenue exceeding $800 million during the quarter, up from $540 million the quarter before. The company closed 29,000 deals in the period, a 50% jump from Q3.
Benioff named SharkNinja and Wyndham Hotels & Resorts as customers adding agents at pace. Morgan Stanley analysts, who carry the equivalent of a buy rating, noted that partner conversations “continue to indicate we are in the early innings.”
Informatica and Anthropic Provide a Lift
Salesforce completed its $8 billion acquisition of Informatica during the quarter. The data management company contributed $399 million in revenue, and helped push Salesforce’s fiscal 2030 revenue target up to $63 billion from over $60 billion. Analysts had only expected $59.07 billion.
The company also recorded an $811 million gain on strategic investments, largely from its stake in Anthropic. That’s up from $96 million in the year-ago period.
Benioff said Salesforce has invested roughly $330 million into Anthropic, calling it “almost about 1%” of the company, and added another $100 million in the most recent round.
Five ServiceNow customers switched to Salesforce’s IT service management product during the quarter, according to Benioff.
For Q1 fiscal 2028, Salesforce guided for revenue of $11.03 billion to $11.08 billion and adjusted EPS of $3.11 to $3.13, both ahead of analyst estimates.
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