CRM · 8-K · 20260917PR000210

Capital Return Program

Salesforce, Inc. · 2026-09-17 · Importance 71 · Surprise 60 · No source text

Salesforce announced a $25 billion accelerated share repurchase, described as the company’s largest ASR to date. The presentation forecasts at least a 14% reduction in expected share count and a 190% return of FY27 free cash flow through buybacks and dividends. Management also reported more than $60 billion of cumulative shareholder returns to date and projected an expected return on the ASR investment of more than 40%, based on an expected average share price of $182.

Key facts

• Salesforce, Inc. announced an Accelerated Share Repurchase (ASR) of $25B described as the largest ASR ever. source
• Salesforce, Inc. expects to return 190% of Free Cash Flow in FY27. source
• Salesforce, Inc. cumulative shareholder returns to date: $60B+. source
• Salesforce, Inc. expects over 40% return on the ASR investment. source
• Salesforce, Inc. expects a ≥14% expected share count reduction from the ASR. source
• Salesforce, Inc. expected average share price used in ASR: $182. source
• Salesforce, Inc. stated expected return on invested capital calculation leverages CRM price as of market close on 8/31/2026 over expected average price of shares to be repurchased through the ASR as of 8/31/2026. source

Impact estimates