CRM · 10-Q · 2026Q3 · Full report

Capital Return Program

Salesforce, Inc. · 2026-08-27 · Importance 71 · Surprise 60 · In source text

Salesforce repurchased $27.3 billion of common stock during the first six months of fiscal 2027, including the $25.0 billion March accelerated share repurchase. The March ASR initially delivered approximately 103 million shares at an average price of $198.34, representing approximately 80% of expected ASR shares, with final settlement expected in the third quarter. The February 2026 authorization replaced the prior authorization and permits $50.0 billion of repurchases without a fixed expiration date; $22.9 billion remained available at July 31, 2026. The company paid $729 million of dividends and dividend equivalents in the first six months, with quarterly dividends of $0.440 per share versus $0.416 in fiscal 2026.

Key facts

• Our $25 billion accelerated share repurchase program, which commenced in March 2026, resulted in the repurchase of approximately 103 million shares which benefited our diluted net income per share by $0.57 for the six months ended July 31, 2026. source
• In February 2026, the Board authorized $50.0 billion in share repurchases under the Share Repurchase Program that replaced the previous remaining unpurchased authorization. source
• In March 2026, we entered into accelerated share repurchase agreements to repurchase an aggregate of $25.0 billion of our common stock and received an initial delivery of approximately 103 million shares at an average price per share of $198.34, which represents approximately 80 percent of the total shares expected to be repurchased under the ASR Agreements. source
• As of July 31, 2026, we were authorized to purchase a remaining $22.9 billion of the Company’s common stock under the Share Repurchase Program. source
• Net cash used in financing activities during the six months ended July 31, 2026 was primarily related to repurchases of common stock of $27.3 billion and payments of dividends and equivalents of $729 million, partially offset by proceeds from the issuance of debt, net of issuance costs of $24.8 billion. source
• Excluding the repurchases made under the ASR Agreements in March 2026, we repurchased shares in the three months ended April 30 at an average price per share of $192.00 for amount $2,145 million and in the three months ended July 31 at average price $269.96 for amount $2,199 million (prior comparisons shown). source
• The Company announced dividends per share of $0.440 with record date April 9, 2026 and payment date April 23, 2026, and $0.440 with record date June 11, 2026 and payment date July 2, 2026 for fiscal 2027. source
• For the six months ended July 31, 2026, we paid approximately $729 million in dividends and dividend equivalents as compared to $801 million for the six months ended July 31, 2025. source

Impact estimates