Salesforce reported second quarter fiscal 2026 revenue of $10.2 billion, representing 10% year-over-year growth and 9% in constant currency. The company's subscription and support revenue reached $9.7 billion, up 11% year-over-year and 9% in constant currency, while current remaining performance obligation grew to $29.4 billion, up 11% year-over-year.
The enterprise software giant's AI and Data Cloud initiatives generated significant momentum, with Data Cloud and AI annual recurring revenue exceeding $1.2 billion, representing 120% year-over-year growth. Since launching Agentforce, Salesforce has closed over 12,500 deals, with more than 6,000 being paid agreements. Over 40% of Data Cloud and Agentforce Q2 bookings came from existing customer expansion, indicating strong adoption within the installed base.
Marc Benioff, Chair and CEO- "These results reflect the success of our customers—like Pfizer, Marriott, and the U.S. Army—who are transforming into agentic enterprises, where humans and AI agents work side by side to reimagine workflows, accelerate productivity, and deliver customer success."
The company closed over 60 deals greater than $1 million that include both Data Cloud and AI capabilities during Q2. On help.salesforce.com, Agentforce has handled over 1.4 million requests, demonstrating real-world enterprise deployment at scale. Service and Platform were included in all Q2 Top 10 Deals, highlighting the strategic importance of these offerings in large enterprise transactions.
Salesforce returned $2.6 billion to shareholders during the quarter, including $2.2 billion in share repurchases and $399 million in dividends. The company announced a $20 billion increase to its existing share repurchase programme, bringing the total authorised to $50 billion.
Salesforce's financial performance reflects strong enterprise adoption across multiple sectors. The company achieved its tenth consecutive quarter of operating margin expansion, delivering a GAAP operating margin of 22.8% and non-GAAP operating margin of 34.3%. The enhanced capital allocation strategy demonstrates commitment to shareholder value while maintaining investment in AI capabilities.
With guidance raising the low end of full year fiscal 2026 revenue to $41.1-$41.3 billion and operating cash flow growth guidance increased to approximately 12-13% year-over-year, Salesforce is positioning for sustained growth as enterprises adopt AI-driven workflows.