Salesforce begins $25 billion share repurchase program

Salesforce (NYSE: CRM) commenced a $25 billion accelerated share repurchase program, receiving initial delivery of approximately 103 million shares. The company entered into agreements with multiple financial institutions including Banco Santander, Bank of America, Citibank, JPMorgan Chase Bank, and Morgan Stanley.

The transaction represents half of a $50 billion share repurchase program authorized by Salesforce's board in February 2026. The initial delivery of 103 million shares represents approximately 80% of the total shares anticipated to be repurchased, based on the closing price of Salesforce's common stock on March 11, 2026.

"We are aggressively repurchasing shares because we are so confident in the future of Salesforce," said Marc Benioff, chair and CEO.

"This $25 billion ASR reflects our increased conviction in the durability of our growth and cash flow trajectory," said Robin Washington, president and chief operating and financial officer.

The final number of shares to be repurchased will be determined by the volume-weighted average price of Salesforce's common stock during the transaction term, less a discount and subject to adjustments. Final settlement is expected to occur in the third or fourth quarter of Salesforce's fiscal year 2027.

J. Wood Capital Advisors served as an advisor on the transaction. The information is based on a company press release.

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