Salesforce Launches Massive Debt-Funded Accelerated Share Repurchase

Salesforce ( (CRM) ) has issued an announcement.

On March 11, 2026, Salesforce entered into accelerated share repurchase agreements with several major banks to buy back $25 billion of its common stock under its existing share repurchase program, with initial share delivery and cash payments scheduled for March 16, 2026 and final settlement expected in the fourth quarter of 2026. The move significantly scales up capital returns to shareholders and is structured so that the ultimate share count depends on the stock’s volume-weighted average price over the contract period.

Also on March 11, 2026, Salesforce agreed to issue multiple tranches of senior notes maturing between 2028 and 2066 in a registered public offering totaling tens of billions of dollars, with pricing slightly below par and closing expected on March 13, 2026, and it plans to use the roughly $24.9 billion in net proceeds entirely to fund the share repurchases. In a parallel balance sheet move, the company secured a new $6 billion five-year senior unsecured term loan facility to refinance two existing term loans maturing under 2025 credit agreements, extending its debt maturities while maintaining financial flexibility through customary covenants and prepayment options.

The most recent analyst rating on (CRM) stock is a Hold with a $229.00 price target. To see the full list of analyst forecasts on Salesforce stock, see the CRM Stock Forecast page.

Spark’s Take on CRM Stock

According to Spark, TipRanks’ AI Analyst, CRM is a Outperform.

The score is supported primarily by strong and improving financial fundamentals (especially free cash flow generation and profitability) and an upbeat earnings outlook with raised long-term targets and significant capital returns. These positives are tempered by clearly weak technicals (price below major moving averages with negative MACD) and only moderate valuation support given the mid‑20s P/E and low dividend yield.

To see Spark’s full report on CRM stock, click here.

More about Salesforce

Salesforce, Inc. is a global enterprise software company specializing in cloud-based customer relationship management (CRM) platforms and related applications for sales, service, marketing, and analytics. The company focuses on serving businesses across industries that seek to manage customer data and digital engagement at scale, positioning itself as a leader in cloud CRM and enterprise applications.

Average Trading Volume: 11,228,864

Technical Sentiment Signal: Sell

Current Market Cap: $179.2B

See more data about CRM stock on TipRanks’ Stock Analysis page.