Salesforce CEO Benioff: Slack revenue expected to hit $3 billion this year

Marc Benioff wants you to rethink what Slack really is. On a caller quality connected Mad Money with Jim Cramer, the co-founder and CEO of Salesforce (NYSE:CRM) made a striking assertion astir the messaging level Salesforce acquired 5 years ago.

"Jim, you retrieve 5 years agone we bought Slack and it was an unthinkable company, but it's go an adjacent amended product. And we've besides tripled gross during that 5 twelvemonth period. We're anticipating astir $3 cardinal successful gross this twelvemonth with Slack."

— Marc Benioff, Mad Money with Jim Cramer

Benioff went further than a gross milestone. He described Slack arsenic "the interface to AI" and noted that apical AI companies successful San Francisco, including OpenAI and Anthropic, are moving their operations connected Slack, making it what helium called the fig 1 AI ecosystem.

That framing matters. Slack started arsenic a workplace chat tool. Benioff is positioning it arsenic the connective insubstantial betwixt humans and AI agents, which aligns straight with Salesforce's broader Agentforce strategy. Agentforce ARR reached $800 million, up 169% year-over-year, with 29,000 deals closed, up 50% quarter-over-quarter.

The astir caller integration quality reinforces the thesis. Salesforce is integrating Docusign's Intelligent Agreement Management straight into Slack, enabling teams to create, send, and negociate contracts without leaving the platform. Hundreds of companies are reportedly gathering connected Slack's ecosystem.

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Slack's gross is embedded wrong the "Agentforce 360 Platform, Slack and Other" segment, truthful there's nary cleanable Slack-only enactment item. But the segment's trajectory is hard to ignore. Q4 FY26 conception gross deed $2.655 billion, up 38% year-over-year, accelerating from 14% maturation successful Q1.

The broader Salesforce representation is solid. Full-year FY26 gross came successful astatine $41.525 billion, with escaped currency travel of $14.402 billion. FY27 guidance calls for $45.8 cardinal to $46.2 cardinal successful revenue. The institution besides authorized a $50 cardinal stock repurchase program, which Benioff noted connected Mad Money is already underway for what is astir a $170 cardinal company.

Cantor Fitzgerald's Matthew VanVliet maintained a Buy standing with a $300 terms target. The statement mean sits astatine $273.85, against a existent terms of $186.67, a banal that is down 29.53% year-to-date.