Salesforce, Inc.
CRMQ4 2024(CRM Q3 FY2025)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$2.0B
AI Revenue (Q)
$639.3M
Total Revenue (Q)
$25.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 (three months ended October 31, 2024): Total revenue $9,444M. Platform and Other $1,825M (19.3% of total). CRITICAL: Agentforce launched during Q3 FY2025. The 10-Q states: 'During the third quarter of fiscal 2025, the Company introduced Agentforce, a new layer of the trusted Salesforce platform that enables companies to build and deploy AI agents that can respond to inputs, make decisions and take action autonomously across business functions.' Agentforce is priced per-conversation ($2/conversation) — the first separately-priced AI product. However, having just launched mid-quarter, Agentforce revenue was negligible in Q3. The bump to 2.5% reflects: (1) small initial Agentforce revenue, (2) continued Einstein Copilot adoption, (3) Data Cloud AI feature monetization. MATH: $9,444M × 2.5% = ~$236M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenues $9,444M for three months ended October 31, 2024
10-Q Q3 FY2025 Income Statement
Platform and Other subscription revenue: $1,825M
10-Q Q3 FY2025 Revenue Disaggregation Note 2
During the third quarter of fiscal 2025, the Company introduced Agentforce, a new layer of the trusted Salesforce platform that enables companies to build and deploy AI agents that can respond to inputs, make decisions and take action autonomously across business functions. Agentforce includes a suite of customizable agents for use across sales, service, marketing and commerce.
10-Q Q3 FY2025 Note 1 Description of Business
AI Products Identified (Ring 1)
Agentforce (launched Q3 FY2025, per-conversation pricing)Einstein CopilotEinstein AI (predictive)Data Cloud AI features
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Platform and Other subscription revenue ($1,825M quarterly)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix