Salesforce Stock Rises After Announcing $25 Billion Buyback Plan

LootboxPhobia · 2026-03-16T22:32:10+00:00

Salesforce Inc announced the launch of a $25 billion share repurchase program, with the stock price rising approximately 2.5% before market open. This repurchase is the largest in the company's history, aimed at reflecting confidence in future growth and cash flow. The final settlement is expected to be completed in the third or fourth quarter of fiscal year 2027.

LootboxPhobia

2026-03-16 22:32:10

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Investing.com – Salesforce Inc. stock rose about 2.5% before the market opened on Monday after the company announced a $25 billion share repurchase program, its largest in history.

The software company said it signed accelerated share repurchase agreements with certain financial institutions on March 11 and began prepayments and initial deliveries of approximately 103 million shares. This transaction represents half of the total authorized $50 billion share repurchase plan approved by the Salesforce board of directors in February.

“We are actively repurchasing shares because we are confident in Salesforce’s future,” said Salesforce Chairman and CEO Marc Benioff.

Salesforce President and Chief Operating and Financial Officer Robin Washington stated that the $25 billion accelerated share repurchase reflects increased confidence in the company’s growth and cash flow trajectory.

Salesforce has signed accelerated share repurchase agreements with Santander Bank, Bank of America, Citibank, J.P. Morgan, and Morgan Stanley, with J. Wood Capital Advisors serving as advisor.

Based on Salesforce’s closing price on March 11, the initial delivery of 103 million shares accounts for approximately 80% of the expected total repurchase. The final number of shares repurchased will mainly depend on the volume-weighted average price of Salesforce common stock during the transaction, minus discounts and adjustments. The final settlement is expected to be completed in the third or fourth quarter of Salesforce’s 2027 fiscal year.

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