Salesforce, a leading AI CRM company, has recently initiated a groundbreaking transaction that demonstrates the confidence of its leadership in the company’s position in the Agentic Era and its dedication to enhancing shareholder value. The company has begun the prepayment and initial delivery of approximately 103 million shares as part of a $25 billion accelerated share repurchase (ASR) agreements with various financial institutions. This transaction, which is the largest ASR in history, represents half of the $50 billion aggregate Share Repurchase Program authorized by Salesforce’s Board of Directors in February 2026.
According to Marc Benioff, Chair and CEO of Salesforce, the decision to aggressively repurchase shares was made due to the company’s strong belief in its future prospects. Robin Washington, President and Chief Operating and Financial Officer of Salesforce, emphasized that the $25 billion ASR reflects the company’s confidence in its growth and cash flow trajectory.
The ASR agreements have been entered into with Banco Santander, S.A., Bank of America, N.A., Citibank, N.A., JPMorgan Chase Bank, National Association, and Morgan Stanley & Co. LLC, with J. Wood Capital Advisors LLC providing advisory services. The initial delivery of 103 million shares represents approximately 80% of the total shares expected to be repurchased, based on the closing price of Salesforce’s common stock on March 11, 2026. The final number of shares to be repurchased will be determined by the volume-weighted average price of Salesforce’s common stock during the transaction, with adjustments and a discount applied. The final settlement is anticipated to occur in the third or fourth quarter of Salesforce’s FY27.
It is important to note that this press release does not constitute an offer to sell securities or a solicitation to buy securities. Additionally, it is not an offer, solicitation, or sale in any jurisdiction where such actions are unlawful.
In terms of forward-looking statements, the press release highlights that there are risks, uncertainties, and other factors that could impact the actual results compared to current expectations. These factors are discussed in Salesforce’s most recent Annual Report on Form 10-K and may be updated in subsequent filings with the SEC. Salesforce commits to updating or revising its forward-looking statements as required by law or regulation.
Salesforce is a company that helps organizations of all sizes transition into agentic enterprises by integrating humans, agents, apps, and data on a trusted platform to drive growth and innovation. For more information about Salesforce, visit their website at www.salesforce.com.
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