Salesforce delivered a solid QQ3 2025 performance with continued top-line momentum and healthy profitability metrics. Revenue reached $9.444 billion, up 8.3% year over year and 1.28% quarter over quarter, reflecting ongoing demand for CRM and cloud-based platform solutions across its Customer 360 ecosystem. Gross margin remained robust at approximately 77.7%, with operating margin near 20.0% and net margin around 16.2%, underscoring efficient cost discipline amidst sustained R&D and go-to-market investments. Free cash flow (FCF) was strong at roughly $1.78 billion for the quarter, supported by an operating cash flow of about $1.98 billion and a free cash flow per share of $1.86. The company continued to deploy capital through share repurchases (approximately $1.29 billion in buybacks) and a modest dividend (about $382 million paid), while maintaining a solid balance sheet with $7.997 billion of cash and equivalents and total debt of $11.424 billion, leaving a net debt position of roughly $3.427 billion. The quarter reflects Salesforce’s ongoing investments in AI-enabled offerings (e.g., platform enhancements, analytics, and integrations) aimed at expanding cross-sell opportunities and long-term ARR expansion, even as the business navigates a high-value, multi-product transition. Investors should watch ARR momentum, gross and operating margins amid AI-related investments, and the pace of free cash flow generation as the company scales platform efficiencies and monetizes adjacent offerings.