Salesforce (CRM) Q3 earnings report 2025

Salesforce shares were up 5% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations.

Here is how the company did compared to what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $2.41 adjusted vs. $2.44 expected
• Revenue: $9.44 billion vs. $9.34 billion expected

The company’s revenue grew 8% year-over-year during the fiscal third quarter, which ended on Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.

Salesforce said that it is expecting fiscal fourth-quarter sales to come in between $9.9 billion to $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.

The company said that it expects an earnings per share between the range of $2.57 and $2.62 in the fourth-quarter, compared to analysts’ expectations of $2.65.

“We delivered another quarter of exceptional financial performance across revenue, margin, cash flow, and cRPO,” Salesforce CEO Marc Benioff said in a statement. “Agentforce, our complete AI system for enterprises built into the Salesforce Platform, is at the heart of a groundbreaking transformation.”

The company in August announced that CFO Amy Weaver would step down from her role as chief financial officer but remain in the position until the company appoints a successor, after which she will become an advisor. That same month, activist investor Starboard Value revealed that it boosted its position in Salesforce by roughly 40% in the second quarter following the firm issuing a letter earlier in the year saying that Salesforce was continuing to move “in the right direction” in regards to improving its profit margin.

Starboard Value released a presentation in October in which it noted that Salesforce “can continue to become more efficient and more profitable.”

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