Salesforce Q1 FY26 Results in Full: Revenue and Cash Flow Rise, CRM Stock Gets Boost

Salesforce has announced its financial results for the first quarter of the 2026 fiscal year, with positive signs across revenue, cash flow, and other metrics – as share prices spiked in extended trading with the company beating Wall Street estimates. 

On May 28, the cloud giant released the figures for the period which ended on April 30, 2025, showing first quarter revenue of $9.8B – an increase of 8% both year-over-year (Y/Y) and in constant currency (CC). Salesforce also reported earnings per share (EPS) of $2.58 – beating the consensus estimate of around $2.54.

Salesforce Q1 FY26 Results In Full

The CRM company revealed first quarter subscription and support revenue of $9.3B – up 8% Y/Y and 9% in CC – along with current remaining performance obligation of $29.6B, which is an increase of 12% Y/Y and 11% in CC.

Salesforce had a first-quarter GAAP operating margin of 19.8% and a non-GAAP operating margin of 32.3%, the cloud giant revealed. 

First quarter operating cash flow was $6.5B (up 4% Y/Y) and free cash flow of $6.3B (up 4% Y/Y). 

The company boasted that it returned $3.1B to shareholders, including $2.7B in share repurchases and $402M in dividends.

Earlier this week, Salesforce announced that it had signed a definitive agreement to acquire Informatica Inc. 

The company said that there is “no anticipated impact” to Salesforce’s FY26 guidance due to the expected close timing in early FY27.

Salesforce said in a statement: “With the U.S. dollar weakening in Q1, Salesforce now expects a currency tailwind for the business. This tailwind has been incorporated into the Company’s updated FY26 guidance.”

Salesforce says that its second quarter FY26 revenue guidance is $10.11B-$10.16B – a rise of 8-9% Y/Y and 7-8% in CC.

Full year FY26 revenue guidance is $41.0B-$41. – up 8-9% Y/Y and 8% in CC.

The full year FY26 GAAP operating margin guidance of 21.6% has been maintained, as has the non-GAAP operating margin guidance of 34.0%.

The full year FY26 operating cash flow growth guidance of approximately 10% to 11% Y/Y has also remained the same. 

Agentforce, Data Cloud, and the Future

Salesforce also revealed some key data about two of its most recent and prominent services – Data Cloud and Agentforce.

The company said that Data Cloud and AI annual recurring revenue was more than $1B – representing an increase of more than 120% Y/Y.

Almost 60% of Q1 top 100 deals included Data Cloud and AI, Salesforce said, and the CRM giant closed more than 8,000 deals since launching Agentforce – half of which are paid.

On Salesforce’s help site, help.salesforce.com, Agentforce has handled more than 750,000 requests, cutting case volume by 7% Y/Y, the company said. Salesforce seemingly enjoys relaying metrics on how Agentforce has boosted the help site – perhaps because it shows how the company is “eating its own dog food”, with positive results, no less. 

Data Cloud ingested an impressive 22 trillion records in Q1, a rise of 175% Y/Y, Salesforce said, and more than half of the company’s Q1 Top 100 Deals included 6+ Clouds.

Marc Benioff, Chair and CEO of Salesforce, said as the results were revealed: “We delivered strong Q1 results and are raising our guidance by $400M to $41.3B at the high end of the range.

“We’ve built a deeply unified enterprise AI platform – with agents, data, apps, and a metadata platform – that is unmatched in the industry. With Agentforce, Data Cloud, our Customer 360 apps, Tableau, and Slack all built on one trusted, unified foundation, companies of every size can build a digital labor force – boosting productivity, reducing costs, and accelerating growth. 

“With our agreement to acquire Informatica, we will bring together the industry’s leading AI CRM and AI-powered MDM and ETL platform to create the most complete, intelligent AI and data platform for the enterprise.”

Robin Washington, President and Chief Operating and Financial Officer, Salesforce, said: “I’m pleased by our momentum as we capitalize on the exciting agentic AI opportunity.

“Our Q1 performance reflects solid execution, driven by our continued focus on innovation, operational excellence, and maximizing value for our customers and shareholders.”

As the results were revealed on May 28, CRM stock saw a spike in extended trading, rising to nearly $290. This later settled, but at the time of writing, the stock price is still $2 higher than the previous close of $277.19. 

Final Thoughts 

The figures certainly paint a positive picture for Salesforce. It will likely come as a relief to many in the ecosystem, as healthy signs for the mothership could well mean positive results for those of us who work in the Salesforce community.