Salesforce, Inc. stock research
FY2027 Q1
Salesforce (CRM) Gross Margin & Quarterly History
Explore Salesforce, Inc. (CRM) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 30, 2026 · FY2027 Q1
Revenue and gross profit both decreased from the prior quarter, while cost of revenue increased, leading to a lower gross margin. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly lower.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue declined while cost of revenue rose, compressing gross margin. This dynamic is the primary factor behind the margin change.
- Gross margin weakened compared to the immediately preceding quarter, as revenue and gross profit fell while cost of revenue increased. Versus the same quarter one year earlier, gross margin was slightly lower, with revenue and gross profit both higher but cost of revenue also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
76.9%
Gross profit
$8.6B
Revenue
$11.1B
Cost of revenue
$2.6B
Quarter-over-quarter change
-0.7 pts
Year-over-year change
-0.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jul 31, 2025 | $10.2B | $8.0B | $2.2B | 78.1% |
| Oct 31, 2025 | $10.3B | $8.0B | $2.3B | 78.0% |
| Jan 31, 2026 | $11.2B | $8.7B | $2.5B | 77.6% |
| Apr 30, 2026 | $11.1B | $8.6B | $2.6B | 76.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2026
-0.7 pts
Year-over-year change
Apr 30, 2025
-0.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue declined while cost of revenue rose, compressing gross margin. This dynamic is the primary factor behind the margin change.
Gross margin weakened compared to the immediately preceding quarter, as revenue and gross profit fell while cost of revenue increased. Versus the same quarter one year earlier, gross margin was slightly lower, with revenue and gross profit both higher but cost of revenue also higher.
Monitor the trend in cost of revenue relative to revenue, as its increase alongside a revenue decline was the key factor in the margin compression this quarter.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Salesforce, Inc. (CRM) | 76.9% |
| Oracle Corporation (ORCL) | 65.2% |
| Adobe Inc. (ADBE) | 89.2% |