- Revenue Growth: FY26 revenue reached $41.5 billion (up 10% YoY, 9% constant currency), with CRPO of $35.1 billion (up 16% YoY, 13% constant currency).
- RPO Milestone: Total RPO hit $72 billion (up 14% YoY), with $63 billion FY30 revenue target (11% CAGR from FY26-FY30).
- Share Repurchases: $50 billion repurchase authorization, returning 99% of FY26 free cash flow ($14 billion) to shareholders.
- Agentforce Expansion: ARR for Agentforce and Data 360 (including Informatica) grew to $2.9 billion (+200% YoY), with 29,000 deals closed in 15 months.
- AI Work Units: Delivered 771 million Agentic Work Units (AWUs) in Q4, driven by SlackBot and 19 trillion tokens consumed annually.
Revenue Growth and Customer Wins
The company's revenue growth was driven by strong customer wins, with wins over $1 million up 26% year-over-year and wins over $10 million up 33% year-over-year. The company's Agentforce and Data 360 ARR (Annual Recurring Revenue) reached $2.9 billion, up 200% year-over-year. Salesforce is seeing significant demand for its Agentforce product, with 29,000 deals closed in the first 15 months, up 50% quarter-over-quarter.
Investment in AI and Innovation
Salesforce is investing heavily in AI and innovation, with a focus on developing its Agentic Enterprise platform. The company is using large language models like Anthropic, OpenAI, and Llama to drive its AI capabilities. Salesforce is also partnering with AI companies like Anthropic, with whom it has invested $330 million. The company's AI-powered agents, such as Agentforce, are driving significant value for customers, with 771 million Agentic Work Units (AWUs) delivered in Q4.
Valuation and Outlook
Salesforce's valuation metrics indicate a premium valuation, with a P/E Ratio of 25.01 and an EV/EBITDA of 16.57. The company's ROE (Return on Equity) is 12.37%, indicating a strong return on shareholder equity. Analysts estimate next year's revenue growth at 10.9%, which is in line with the company's historical growth rate. With its strong revenue growth, margin expansion, and investment in AI and innovation, Salesforce is well-positioned for future growth.
Share Repurchase and Capital Allocation
Salesforce is returning value to shareholders through share repurchases, with a new authorization of $50 billion. The company has returned over 99% of its free cash flow to shareholders through buybacks and dividends in fiscal 2026. Marc Benioff emphasized the importance of using cash effectively, focusing on four key areas: dividends, buybacks, acquisitions, and debt. The company's strong cash flow generation and disciplined capital allocation are expected to drive long-term shareholder value.