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Salesforce, the world’s leading AI CRM, reported exceptional financial results for its second quarter of fiscal 2026, ended July 31, 2025, surpassing guidance across all metrics. The company’s focus on agentic AI and Data Cloud drove significant growth, positioning it for a record-breaking fiscal year.
Revenue: $10.2B, up 10% YoY and 9% in constant currency (CC).
Subscription & Support Revenue: $9.7B, up 11% YoY and 9% CC.
Current Remaining Performance Obligation (cRPO): $29.4B, up 11% YoY.
Operating Margin: GAAP at 22.8%, non-GAAP at 34.3%.
Shareholder Returns: $2.6B returned via $2.2B in share repurchases and $399M in dividends.
Agentforce and Data Cloud: Over 12,500 deals closed, with ARR over $1.2B, up 120% YoY.
Guidance: Q3 revenue of $10.24B-$10.29B; full-year revenue raised to $41.1B-$41.3B.
Salesforce delivered Q2 revenue of $10.2 billion, a 10% year-over-year increase (9% in CC), exceeding expectations. Subscription and support revenue reached $9.7 billion, up 11% YoY (9% CC), driven by strong adoption of AI-driven solutions. The current remaining performance obligation grew to $29.4 billion, up 11% YoY (10% CC). GAAP operating margin improved to 22.8%, with non-GAAP operating margin at 34.3%, marking the tenth consecutive quarter of margin expansion. The company returned $2.6 billion to shareholders, including $2.2 billion in share repurchases and $399 million in dividends, and announced a $20 billion increase to its share repurchase program, totaling $50 billion.
Salesforce’s Agentforce platform, integrating with Customer 360, Data Cloud, and Einstein AI, has driven significant customer adoption, closing over 12,500 deals, including 6,000 paid agreements. Data Cloud and AI ARR surpassed $1.2 billion, up 120% YoY, with over 40% of Q2 bookings from existing customer expansions. Marc Benioff, Chair and CEO, stated, “These results reflect the success of our customers—like Pfizer, Marriott, and the U.S. Army—who are transforming into agentic enterprises, where humans and AI agents work side by side to reimagine workflows.” The company closed over 60 deals exceeding $1 million that included both Data Cloud and AI.
Robin Washington, President and COO/CFO, noted, “We exceeded all our financial targets while achieving our tenth consecutive quarter of operating margin expansion.” Salesforce’s focus on agentic enterprises has streamlined workflows, with Agentforce handling over 1.4 million requests on help.salesforce.com. Service and Platform were included in all Q2 Top 10 Deals, reflecting broad platform strength. The Summer 2025 Product Release introduced enhancements across the portfolio, boosting efficiency and trust.
For Q3 FY26, Salesforce projects revenue of $10.24 billion to $10.29 billion (8-9% YoY growth, 8% CC). Full-year FY26 revenue guidance was raised to $41.1 billion to $41.3 billion (8.5-9% YoY growth, 8% CC), with non-GAAP operating margin at 34.1% and operating cash flow growth of 12-13% YoY. GAAP diluted EPS is expected at $6.99-$7.03 for the full year, with non-GAAP EPS at $11.33-$11.37. The company’s strong cash flow outlook supports its goal of nearly $15 billion in operating cash flow for FY26.
Salesforce’s Stakeholder Impact Report highlights its ESG initiatives, emphasizing sustainable growth and customer trust. The Q2 FY26 Product and Innovation Overview webinar on September 5, 2025, will further detail product advancements, reinforcing Salesforce’s commitment to innovation and community engagement through events like Config.
Salesforce’s Q2 2026 results underscore its leadership in AI-driven CRM, with robust financial performance and strategic advancements in Agentforce and Data Cloud. The company is well-positioned for a record fiscal year, delivering value to customers and shareholders alike.
Salesforce (NYSE: CRM) is the world’s #1 AI CRM, empowering organizations to reimagine their business with AI. Agentforce integrates with Customer 360, Data Cloud, and Einstein AI to create a limitless workforce, enabling humans and AI agents to deliver customer success on a trusted platform.
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