Salesforce Launches Record $25B Accelerated Share Repurchase, Delivers 103M Shares
Salesforce initiated prepayment and delivery of roughly 103 million shares under its $25 billion accelerated share repurchase agreements, marking the largest ASR in history. This tranche represents half of the $50 billion repurchase program authorized by its board and final settlement is slated for Q3 or Q4 of fiscal 2027.
1. $25B Accelerated Share Repurchase Launch
Salesforce commenced prepayment and initial delivery of about 103 million shares under its $25 billion ASR agreements, the largest ASR to date, representing immediate execution of half its $50 billion share repurchase program approved in February 2026.
2. Transaction Mechanics and Timeline
Agreements with Banco Santander, Bank of America, Citibank, JPMorgan Chase and Morgan Stanley set initial share delivery based on the March 11 closing price; final share count will be determined by volume-weighted average price less discounts, with settlement expected in Q3 or Q4 of fiscal 2027.
3. Strategic Implications
The aggressive repurchase signals management’s confidence in Salesforce’s growth and cash flow durability, potentially boosting earnings per share and signaling strong capital return priorities for investors.