Salesforce Revenue: $41.5B in FY2026, Tracking Toward $46B

Salesforce closed fiscal 2026 (the year ended January 31, 2026) with $41.5 billion in revenue, up 10% year over year, per the earnings release the company filed with the SEC on February 25, 2026. Two quarters later the run rate is higher still: for Q2 fiscal 2027, the quarter ended July 31, 2026 and reported August 26, 2026, Salesforce posted $11.3 billion in revenue, up 11%, and raised its full-year fiscal 2027 guidance to $46.1–$46.4 billion. That is the current answer to "what is Salesforce's revenue": $41.5B for the last completed fiscal year, tracking toward roughly $46B this one.

Salesforce revenue, year by year

Salesforce's fiscal year ends January 31, so "FY2026" is mostly calendar 2025. That one quirk explains most of the conflicting Salesforce revenue numbers floating around the web, including the ones a previous version of this post pasted in without labels. Here is the ladder, each row from the company's own filings:

First-half FY2027 actuals: $22.5B through July 31, 2026, per the August 26, 2026 release. GetLatka's Salesforce page carries the same three most recent full-year figures ($34.9B, $37.9B, $41.5B) sourced to investor.salesforce.com, so the database and the filings agree here.

Subscriptions do almost all the work

Salesforce sells two things: subscriptions to its software, and the consulting hours to implement it. The split is lopsided and getting more so. In FY2026, subscription and support revenue was $39.39 billion (up from $35.68 billion in FY2025) while professional services and other brought in $2.14 billion, actually down from $2.22 billion the year before. The two lines sum to the $41.53 billion total, and subscriptions are now roughly 95% of it, per the income statement in the February 25, 2026 release.

That mix is the whole business model. Marc Benioff's founding bet in 1999, running CRM in the browser on a subscription instead of selling perpetual licenses with maintenance contracts, means nearly every dollar recurs. It also shows up in the backlog: remaining performance obligation, contracted revenue not yet recognized, stood at $72.4 billion as of January 31, 2026, up 14% year over year.

The Informatica line item

The one structural change in the current numbers is Informatica. Salesforce signed the deal on May 27, 2025 at roughly $8 billion in equity value and closed it on November 18, 2025, per the companies' announcements. Because it closed mid-year, the filings now break out its contribution each quarter: $399 million of the Q4 FY2026 revenue, $444 million in Q1 FY2027, and $456 million in Q2 FY2027. Strip that out and Salesforce's organic growth in Q2 was closer to 7% than the headline 11%, which is why management keeps promising "organic revenue reacceleration" in the second half of FY2027.

Two smaller deals, Contentful and Fin, were announced in June 2026 and are expected to close in Q3 FY2027; the raised full-year guidance already includes about $200 million from them.

Agentforce and the $63 billion target

The growth story Salesforce is selling investors is AI agents. The disclosed numbers, from the earnings releases rather than keynote stagecraft: Agentforce ARR passed $800 million as of the February 25, 2026 release (up 169% year over year), then exceeded $1.5 billion by the July 2026 quarter, up over 240%, though Salesforce notes it widened the definition that quarter to fold in Slackbot and Headless 360. Combined Agentforce and Data 360 ARR, which also includes $1.1 billion of acquired Informatica Cloud ARR, reached nearly $3.9 billion in Q2 FY2027, up over 210%.

"We've rebuilt Salesforce to become the operating system for the Agentic Enterprise… Agentic AI is a tailwind for our business, and we're well on our way to $63 billion in revenue in FY30."Marc Benioff, Q4 FY2026 earnings release, February 25, 2026

That $63 billion FY2030 target (raised in February 2026 to include Informatica) implies keeping growth around 10–11% for four more years. Worth watching against it: the ARR definitions keep expanding as fast as the ARR does, and roughly 3 points of FY2027's 11–12% growth is acquired, not organic.

Valuation, and what the old version of this post got wrong

The version of this article that ran until 2026 opened by answering "What is Salesforce's valuation?" with Discord's, a different company's number that had no business on this page. For the record: Salesforce's market cap was about $215 billion in late August 2026 (stockanalysis.com, August 28, 2026), after the stock jumped on the August 26 Q2 report. Note that GetLatka's company page header shows $160.7 billion as of its January 31, 2026 update; both are real snapshots, the page's is simply seven months and one earnings pop older.

The old post also stacked two "updates" that looked contradictory: revenue of $9.13 billion up 11% in one paragraph, $9.4 billion up 8% in another. Both were genuine Salesforce quarters, Q1 FY2025 (ended April 30, 2024) and Q3 FY2025 (ended October 31, 2024, reported that December), pasted in without fiscal-year labels. Every figure above is dated to its quarter and filing for exactly that reason.

The durable facts survive the cleanup: Benioff, Parker Harris, Frank Dominguez, and Dave Moellenhoff started the company in a San Francisco apartment in 1999; it raised about $65 million in venture funding before its 2004 IPO (GetLatka's funding table); and per GetLatka's January 2026 update it employs roughly 83,300 people. Everything else you may have read here, the triple retelling of the Demandware acquisition included, is gone.