#Salesforce Posts Record Q1 Revenue as Earnings Per Share Rise 52%
Salesforce, Inc. (NYSE: CRM) reported record first-quarter fiscal 2027 revenue of $11.1 billion on May 27, 2026, up 13% year-over-year, as GAAP diluted earnings per share climbed 52% to $2.42.
Subscription and support revenue, which accounts for the majority of Salesforce's top line, reached $10.6 billion in the quarter, up 14% year-over-year. Results included a $444 million revenue contribution from Informatica following Salesforce’s acquisition of the company.
#EPS and Operating Margin Reach New Highs in Q1 FY27
Non-GAAP diluted EPS came in at $3.88, up 50% year-over-year, against a non-GAAP operating margin of 34.8%. GAAP operating margin was 21.1% for the quarter.
Operating cash flow was $6.7 billion for the quarter, up 3% year-over-year. Free cash flow reached $6.6 billion, up 4% year-over-year.
Current remaining performance obligation, a forward revenue indicator, stood at $33.6 billion at quarter end, up 14% year-over-year. Total remaining performance obligation was $67.9 billion, up 11% year-over-year.
"This was an outstanding quarter for Salesforce, record revenue, record deals, and cash flow," Marc Benioff, Chair and CEO, said in the earnings release. "With more than $1 billion in Agentforce ARR, $3.4 billion in combined AI and data ARR, and 3.8 billion Agentic Work Units delivered for our customers, Salesforce has never been more essential."
#Agentforce ARR Rises 205% Year-Over-Year
Salesforce's Agentforce and Data 360 combined annual recurring revenue reached nearly $3.4 billion, up over 200% year-over-year, including $1.2 billion attributed to Agentforce alone, up 205% year-over-year.
The company reported 3.8 billion Agentic Work Units delivered to date across Agentforce and Slack, up 111% quarter-over-quarter. The Slack Model Context Protocol surpassed 1 million active users within six weeks of launch.
Salesforce competes directly with Oracle and SAP in enterprise CRM and data management, while facing broader competition in AI-powered software from Microsoft and ServiceNow.
#Salesforce Raises Full-Year Revenue Guidance
Salesforce raised the midpoint of its full-year fiscal 2027 revenue guidance to a range of $45.9 billion to $46.2 billion, representing growth of approximately 11% year-over-year.
For the second quarter of fiscal 2027, the company guided revenue of $11.27 billion to $11.35 billion, up 10% to 11% year-over-year.
Robin Washington, President and Chief Financial and Operating Officer, said in the earnings release that the company remains confident in delivering organic revenue acceleration in the second half of fiscal 2027, driven by growth across Sales, Service, Slack, Agentforce, and Data 360.
During the quarter, Salesforce entered into a $25 billion accelerated share repurchase agreement, with upfront delivery of 103 million shares representing approximately 80% of the total shares expected to be repurchased, with final settlement expected in the third quarter of fiscal 2027. The company returned $27.5 billion to shareholders in the period, primarily driven by the upfront execution of its newly announced $25 billion accelerated share repurchase program, including $27.1 billion in share repurchases and $365 million in dividends.
Management projected ongoing revenue growth for the full year, though execution risks include integration of the Informatica acquisition, uncertainty around AI product adoption timelines, foreign currency headwinds, litigation exposure, and broader macroeconomic conditions.