Salesforce Begins $25 Billion Accelerated Share Repurchase, Initial 103 Million Shares
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.