Salesforce reported solid results in the third quarter, with consolidated revenues of 10.3 billion dollars (8.84 billion euros at the current exchange rate), which represents growth of 9% compared to the previous year.
Subscription and support revenues totaled US$9.7 billion (€8.32 billion), up 10% annually, highlighting continued recurring growth.
The remaining performance obligation stands at $29.4 billion (€25.22 billion), an increase of 11% in constant currency, while the total remaining obligation amounts to $59.5 billion (€51.05 billion), an increase of 12% per year.
Profitability remained robust, with a GAAP operating margin of 21.3% and a non-GAAP margin of 35.5%. Operating cash flow for the quarter was $2.3 billion (€1.97 billion), up 17% year-on-year, and free cash flow reached $2.2 billion (€1.89 billion), +22%.
In the quarter, the company returned 4.2 billion dollars to shareholders (3.60 billion euros), including 3.8 billion in share buybacks (3.26 billion euros) and 395 million in dividends (340 million euros).
Based on the results, Salesforce raised its revenue projection for fiscal year 2026 to a range of $41.45 to $41.55 billion (€35.58–35.67 billion), which represents growth of 9% to 10% per year, incorporating approximately 80 basis points of Informatica’s contribution.
The GAAP operating margin projection was adjusted to 20.3%, maintaining the non-GAAP margin at 34.1%. The company also increased its operating cash flow growth forecast to approximately 13%–14% in 2026.