Every material Form 8-K Salesforce has filed with the SEC since November 18, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Salesforce agreed to acquire Braze, a customer engagement platform listed on Nasdaq, for approximately $5.66 billion in enterprise value, paying $47.50 per share in cash to Braze Class A holders. Closing is expected in Salesforce's fiscal 2028, subject to Braze shareholder approval and regulatory clearances, and Salesforce said there is no anticipated change to its FY27 guidance. For shareholders, this is a large cash acquisition whose financial effects are not yet quantified beyond the statements in the filing.
Price: $47.50 in cash per share of Braze Class A common stock; about $5.66 billion in enterprise value.
Expected close: Salesforce fiscal year 2028, subject to Braze shareholder approval and required regulatory approvals.
Salesforce says there is no anticipated change to FY27 guidance and has not guided FY28.
Webinar slides cite growth accretion balanced by near-term profitability dilution, and say the deal will be funded with cash.
In an Investor Day presentation furnished under Form 8-K, Salesforce reiterated its FY27 revenue guidance at the high end of $46.1 billion to $46.4 billion and set a FY30 revenue target of $63 billion-plus. The company also disclosed a $25 billion accelerated share repurchase, which it expects to reduce its share count by at least 14%, a step that matters to shareholders because it returns capital and lifts per-share metrics.
FY27 revenue guidance is the high end of $46.1 billion to $46.4 billion, as of August 2026.
FY27 non-GAAP operating margin guidance is 34.3%, compared with 34.1% in FY26.
The $25 billion accelerated share repurchase is described as the company's largest ever, with an expected average share price of $182.
The FY30 revenue target of $63 billion-plus was stated as of May 2026 and includes Informatica.
Salesforce's Compensation Committee approved an Executive Deferred Compensation Plan on September 2, 2026, letting executives and other eligible employees defer part of their pay. The filing says the company makes no employer match, though it may make discretionary contributions, and its obligations under the plan are unsecured and unfunded.
Approved by the Compensation Committee on September 2, 2026
Participants may defer up to 75% of base salary and up to 90% of annual performance bonus
No employer match; company may make discretionary contributions from time to time
Company may terminate or amend the plan; amendments cannot reduce accrued account values
Salesforce reported second-quarter fiscal 2027 revenue of $11.3 billion, up 11% from a year earlier, including a $456 million contribution from Informatica. GAAP diluted net income per share was $4.29, versus $1.96 a year earlier, and included a $2.43 per share gain on strategic investments. The company raised its full-year fiscal 2027 revenue guidance to $46.1 billion to $46.4 billion, a change that includes pending acquisitions of Contentful and Fin.
Q2 FY27 revenue of $11.3 billion, up 11% Y/Y; Informatica contributed $456 million
GAAP diluted net income per share of $4.29 vs. $1.96 a year earlier; non-GAAP diluted EPS of $5.90
Full-year FY27 revenue guidance raised to $46.1 billion to $46.4 billion; the $200 million raise includes pending Contentful and Fin acquisitions
Third-quarter FY27 revenue guidance of $11.42 billion to $11.5 billion; final ASR settlement expected in October 2026
Salesforce said President and Chief Engineering and Customer Success Officer Srini Tallapragada will step down from that role effective August 6, 2026, and become Special Advisor to the CEO through August 6, 2027. The transition agreement sets his pay at his current salary and bonus through January 31, 2027, then $75,000 per year for the remainder of the period, while his previously granted equity awards continue to vest.
Role change effective August 6, 2026; advisory term runs through August 6, 2027
Advisory duties include transition support, product, technology and innovation matters, business development and customer matters
Cash pay drops to $75,000 per year after January 31, 2027; previously granted equity continues to vest
Either party may end the transition period early, with ten days' written notice by Mr. Tallapragada
Salesforce said it appointed Guy Wanger as Chief Accounting Officer and principal accounting officer, effective when he starts employment on June 15, 2026. Wanger previously spent 38 years at Ernst & Young, including as the Company's lead audit engagement partner from 2016 to 2021, and his compensation package includes a $2 million sign-on bonus and $9 million in restricted stock units.
Guy Wanger, age 64, appointed Chief Accounting Officer and principal accounting officer; start date June 15, 2026
Initial base salary $700,000 with a 70% annual bonus target
Sign-on cash bonus of $2 million and restricted stock units with a $9 million grant date target value, vesting over four years
Wanger was Lead Audit Engagement Partner for the Company's former auditor, Ernst & Young, from 2016 to 2021
At its May 28, 2026 annual meeting, Salesforce stockholders approved an amended and restated 2013 Equity Incentive Plan adding 34 million shares and extending the plan term to March 26, 2036. They also approved an amended 2004 Employee Stock Purchase Plan with more shares reserved for employee purchase, and re-elected all 13 director nominees. The equity plan changes increase the pool of shares available for employee compensation, which can dilute existing shareholders.
Equity Incentive Plan: 34 million additional shares reserved; plan term extended to March 26, 2036
Equity Incentive Plan vote: 463,629,512 for and 147,908,314 against
Stockholder proposal for cumulative voting was defeated: 14,366,031 for and 595,803,890 against
Annual meeting held May 28, 2026; 13 directors elected
Salesforce reported first-quarter fiscal 2027 results for the quarter ended April 30, 2026, with revenue of $11.1 billion, up 13% from a year earlier, and GAAP diluted earnings per share of $2.42, up 52%. The company raised the midpoint of its full-year revenue guidance, but interest expense rose to $317 million from $68 million as it funded a $25 billion accelerated share repurchase with debt. Shareholders received $27.5 billion in total returns in the quarter, including $27.1 billion in share repurchases.
Q1 revenue of $11.1 billion, up 13% year over year, including a $444 million Informatica contribution
GAAP diluted EPS of $2.42, up 52%; non-GAAP diluted EPS of $3.88, up 50%
Full-year FY27 revenue guidance midpoint raised to a range of $45.9 billion to $46.2 billion, up 11% year over year
$25 billion accelerated share repurchase with 103 million shares delivered upfront; operating cash flow of $6.7 billion, up 3%
Salesforce said it began the prepayment and initial delivery of about 103 million shares under $25 billion accelerated share repurchase agreements signed March 11, 2026, which it described as the largest ASR in history. The initial delivery is about 80% of the total shares expected to be repurchased, and the final share count will depend on the volume-weighted average price during the transaction term, less a discount. The transaction uses half of the $50 billion repurchase program the board authorized in February 2026, a large buyback that reduces shares outstanding for existing shareholders.
ASR agreements with $25 billion repurchase value were entered into March 11, 2026, with Banco Santander, Bank of America, Citibank, JPMorgan Chase and Morgan Stanley
Initial delivery of approximately 103 million shares, about 80% of the total shares anticipated to be repurchased
Represents half of the $50 billion aggregate share repurchase program authorized in February 2026
Salesforce completed a registered offering of eight series of senior notes totaling $25 billion on March 13, 2026, with maturities from 2028 to 2066. The company said it used the net proceeds to repurchase its common stock under accelerated share repurchase agreements, adding debt that ranks equally with its other unsecured obligations.
Eight series of unsecured senior notes totaling $25 billion, with coupons from 4.500% (due 2028) to 6.700% (due 2066)
Interest is payable semi-annually starting September 15, 2026
Net proceeds were used to repurchase common stock under accelerated share repurchase agreements
Notes were issued under a 2018 base indenture with U.S. Bank Trust Company, National Association, as trustee
Salesforce entered into accelerated share repurchase agreements to buy back $25 billion of its common stock, funded by a registered offering of senior notes with aggregate principal of $25 billion and expected net proceeds of about $24.885 billion. The company also took a $6 billion five-year term loan to repay $6 billion of existing term loans, which adds a new debt obligation.
ASR agreements dated March 11, 2026 cover $25 billion of common stock, with about 80% of the shares to be delivered on March 16, 2026 against a $25 billion payment
Eight series of senior notes totaling $25 billion were priced March 11, 2026, with maturities from 2028 to 2066 and coupons from 4.500% to 6.700%; closing is expected March 13, 2026
The $6 billion Five-Year Credit Agreement, with JPMorgan Chase Bank, N.A. as administrative agent, refinanced $4 billion and $2 billion term loans from June 20, 2025
Salesforce said that, as part of an internal finance reorganization, Chief Operating and Financial Officer Robin Washington will become principal accounting officer effective March 9, 2026. Sundeep Reddy, the prior principal accounting officer, remains Chief Accounting Officer, and Washington will receive no added pay for the role.
Robin Washington, Chief Operating and Financial Officer, assumes the principal accounting officer role effective March 9, 2026
Washington will receive no compensation adjustment or additional pay for the principal accounting officer duties
Sundeep Reddy, the previous principal accounting officer, stays on as Chief Accounting Officer
Salesforce reported fourth-quarter fiscal 2026 revenue of $11.2 billion, up 12% year-over-year, and GAAP diluted net income per share of $2.07 versus $1.75 a year earlier. The company initiated full-year fiscal 2027 revenue guidance of $45.8 billion to $46.2 billion, up 10% to 11%, and announced a $50 billion share repurchase authorization and a higher quarterly dividend of $0.44 per share.
Q4 FY26 revenue $11.2 billion, up 12% Y/Y; GAAP diluted EPS $2.07 vs. $1.75 in Q4 FY25
FY27 revenue guidance $45.8 billion to $46.2 billion; GAAP diluted EPS guidance $7.85 to $7.93
Salesforce reported results for the fiscal third quarter ended October 31, 2025, with revenue of $10.3 billion, up 9% from a year earlier, and GAAP diluted net income per share of $2.19 versus $1.58. The company raised its full-year fiscal 2026 revenue guidance to $41.45 billion to $41.55 billion, and the results include the completed Informatica acquisition.
Q3 revenue of $10.3 billion, up 9% year-over-year and 8% in constant currency
GAAP diluted net income per share of $2.19 versus $1.58 a year earlier; Q3 net income of $2.1 billion
Full-year FY26 revenue guidance raised to $41.45 billion to $41.55 billion; GAAP diluted EPS guidance of $7.22 to $7.24
Remaining performance obligation of $59.5 billion, up 12% year-over-year
Salesforce said on November 18, 2025, that it has completed its acquisition of Informatica Inc. On the same day it borrowed the full $4 billion available under its 364-day credit agreement and the full $2 billion under its three-year credit agreement, to fund the cash consideration, repay Informatica's existing debt, and pay related fees and expenses. The company expects the deal to be accretive on a non-GAAP operating margin and non-GAAP earnings per share basis within 12 months, a year sooner than originally committed.
Borrowed the full $4 billion under the 364-day credit agreement and the full $2 billion under the three-year credit agreement, both dated June 20, 2025
Borrowed funds are used for the cash consideration for Informatica, repayment of Informatica and subsidiaries' existing debt, and related fees and expenses
Salesforce expects non-GAAP operating margin and non-GAAP EPS accretion within 12 months, a full year sooner than committed at deal announcement
Third Quarter Fiscal 2026 Results Conference Call scheduled for December 3, 2025, after market close, will discuss the transaction's impact on fiscal 2026 guidance
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