CRM · 10-Q · 2026Q3 · Full report

Interest Rate Environment

Salesforce, Inc. · 2026-08-27 · Importance 58 · Surprise 42

Interest expense increased by approximately $406 million in the quarter and $655 million in the six months ended July 31, 2026, primarily because of incremental debt from Salesforce’s March 2026 financing. Management expects the March 2026 debt offering to increase interest expense throughout fiscal 2027. Investment income also declined year over year because of lower interest rates.

Key facts

• Interest expense increased during the three and six months ended July 31, 2026, primarily due to incremental interest expense associated with our March 2026 debt offering. source
• Other income decreased during the three and six months ended July 31, 2026 compared to the three and six months ended July 31, 2025, primarily due to a decrease in investment income from lower interest rates. source