Salesforce (CRM) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Salesforce published the results on August 26, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Salesforce reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Salesforce's fiscal year ends January 31. Q2 fiscal 2027 is the quarter ended July 31, 2026.
• In Q1 fiscal 2027 Salesforce regrouped its subscription and support revenue into Agentforce Apps and Data 360, Headless Platform, and Other, and reclassified prior periods to match.
• Informatica, acquired in November 2025, contributed $456 million of revenue in the quarter. Gains on strategic investments added $2.43 to GAAP EPS and $2.53 to non-GAAP EPS.

Source: Salesforce Q2 fiscal 2027 results (Form 8-K, Exhibit 99.1), August 26, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Salesforce splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Salesforce's Subscription and support revenue was $10.8 billion in Q2 fiscal 2027, up 12% from $9.7 billion in Q2 fiscal 2026, 95% of total revenue.
• Salesforce's Professional services and other revenue was $525 million in Q2 fiscal 2027, down 4% from $546 million in Q2 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2027 release, Salesforce said:

“Initiates third quarter FY27 revenue guidance of $11.42 billion to $11.5 billion, up 11% - 12% Y/Y and in CC, including slightly above 4pts Informatica contribution”

“Initiates third quarter FY27 cRPO growth guidance of approximately 14% Y/Y and in CC, which does not include any contribution from the pending acquisitions of Contentful and Fin”

“Salesforce raises full year FY27 revenue guidance to $46.1 billion to $46.4 billion, up 11% - 12% Y/Y and 11% Y/Y in CC.”

“Updates full year FY27 GAAP operating margin guidance to 20.1%, and maintains non-GAAP operating margin guidance of 34.3%”

Source: Salesforce Q2 FY27 release, Aug 26, 2026.

This is the company's own guidance as of Aug 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CRM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release.

Salesforce's next report is expected around December 2, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 26, 2026

Salesforce's revenue was $11,345 million in Q2 fiscal 2027: $10,820 million of subscription and support and $525 million of professional services and other. Agentforce Apps, which covers Agentforce Sales, Service, Marketing and Commerce, Agentforce Apps Flex Credits and Slack, brought in $7,193 million of subscription and support revenue. Data 360, Headless Platform, and Other, which includes Data 360, Informatica, Agentforce Mulesoft and Agentforce Tableau, brought in $3,618 million. (Salesforce Q2 FY27 release, Aug 26, 2026)

Salesforce's growth includes acquisitions. Informatica, acquired in November 2025, contributed $456 million of total revenue and $440 million of subscription and support revenue in the quarter. In constant currency, Agentforce Apps grew 8% and Data 360, Headless Platform, and Other grew 20%. (Salesforce Q2 FY27 release, Aug 26, 2026; Salesforce Form 10-Q, Q2 FY27, Aug 27, 2026)

Salesforce's revenue by region was $7,404 million in the Americas, $2,764 million in Europe and $1,168 million in Asia Pacific, growing 10%, 13% and 12% in constant currency. No single customer accounted for ten percent or more of total revenue. (Salesforce Q2 FY27 release, Aug 26, 2026; Salesforce Form 10-Q, Q2 FY27, Aug 27, 2026)

Salesforce's current remaining performance obligation (cRPO) was $33.5 billion at July 31, 2026, up 14% year over year, and total remaining performance obligation $66.3 billion, up 11%. Salesforce said Agentforce and Data 360 annual recurring revenue reached nearly $3.9 billion, up over 210%, and Agentforce ARR exceeded $1.5 billion. (Salesforce Q2 FY27 release, Aug 26, 2026)

Salesforce's GAAP diluted EPS rose to $4.29 from $1.96, largely on gains on strategic investments. Net gains of $2,613 million, driven by unrealized gains on privately held equity investments of $2.9 billion, added $2.43 to GAAP EPS. Salesforce's non-GAAP EPS of $5.90 does not exclude these gains, which added $2.53 to it. (Salesforce Q2 FY27 release, Aug 26, 2026; Salesforce Form 10-Q, Q2 FY27, Aug 27, 2026)

Salesforce's non-GAAP results exclude amortization of purchased intangibles ($522 million in the quarter), stock-based compensation ($904 million) and restructuring and acquisition-related costs ($115 million). GAAP operating margin was 20.5% and non-GAAP operating margin 34.1%, against 22.8% and 34.3% a year earlier. (Salesforce Q2 FY27 release, Aug 26, 2026)

Salesforce's diluted share count fell to 821 million from 962 million. In March 2026 it issued $25.0 billion of senior notes and used the proceeds for accelerated share repurchase agreements of $25.0 billion, receiving an initial delivery of about 103 million shares at an average price of $198.34. Interest expense rose to $473 million from $67 million, mainly because of that debt. (Salesforce Form 10-Q, Q2 FY27, Aug 27, 2026; Salesforce Q2 FY27 release, Aug 26, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Salesforce publishes guidance in its release. For Q3 fiscal 2027 it guided revenue of $11.42 billion to $11.5 billion, up 11% to 12%, GAAP diluted EPS of $1.81 to $1.83, non-GAAP diluted EPS of $3.42 to $3.44, and cRPO growth of about 14%. (Salesforce Q2 FY27 release, Aug 26, 2026)

Salesforce raised its full year fiscal 2027 revenue guidance to $46.1 billion to $46.4 billion. It said the $200 million raise reflects $100 million of organic growth, $200 million from the pending Contentful and Fin acquisitions and a $100 million currency headwind. Full year non-GAAP EPS guidance is $16.67 to $16.71. (Salesforce Q2 FY27 release, Aug 26, 2026)

A consensus figure is the average of the models published by the analysts who cover Salesforce, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Salesforce's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CRM is on is CRM a buy or a sell?, what analysts expect next is on the CRM forecast, and what the company does is on the Salesforce (CRM) stock page.

Every number on this page can be traced to a document Salesforce published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.