Salesforce Expands Buybacks to $50B, Raises Dividend 5.8% After 12% Q4 Growth
Salesforce delivered full-year revenue of $41.5 billion, up 10% year over year, with Q4 revenue of $11.2 billion, up 12% YoY, and CRPO rose 16% to $35.1 billion. Executives approved a 5.8% dividend increase to $0.44, expanded buybacks to $50 billion and guided fiscal 2027 revenue of $45.8–46.2 billion.
1. Robust Q4 and Full-Year Growth
Salesforce posted Q4 revenue of $11.2 billion, up 12% year over year (10% constant currency), and full-year revenue of $41.5 billion, up 10% (9% constant currency). CRPO climbed 16% to $35.1 billion, and total RPO rose 14% to $72 billion, reflecting strong backlog growth.
2. Rapid AI Offering Expansion
Agentforce and Data 360 reached combined annual recurring revenue of $2.9 billion, a 200% increase year over year, with Agentforce ARR at $800 million (+169% YoY). The company introduced Agentic Work Units to measure AI usage, reporting 2.4 billion actions to date, including 771 million in Q4.
3. Enhanced Shareholder Returns
Salesforce returned 99% of free cash flow to shareholders, approved a 5.8% quarterly dividend increase to $0.44 per share, and expanded its share repurchase authorization to $50 billion, signaling confidence in its balance sheet and long-term cash generation.
4. Revenue Guidance and Long-Term Targets
Management issued fiscal 2027 revenue guidance of $45.8 billion to $46.2 billion, implying 10–11% growth, and updated its fiscal 2030 revenue target to $63 billion, projecting an 11% compound annual growth rate, with subscription and support expected to expand just under 12%.