Salesforce Surges After $25 Billion Debt Offering to Fund Buyback

Enterprise software giant Salesforce announced a major $25 billion debt offering, with the company planning to use the proceeds to fund a large-scale share repurchase program. According to the company, the net proceeds from the bond sale will be directed toward buying back Salesforce common stock through accelerated share repurchase (ASR) agreements.

Following the pricing of the notes, Salesforce entered into ASR agreements with several financial institution counterparties. Under these agreements, the company will repurchase an aggregate of $25 billion worth of its shares from the market, marking one of the largest debt-funded buyback initiatives in the company’s history.

Salesforce has increasingly focused on returning capital to shareholders as its cash flow and profitability have strengthened. The company reported revenue of about $41.5 billion for fiscal year 2026 and returned $12.7 billion to investors through share repurchases during the year.

Market analysts note that debt-funded buybacks have become more common among large technology companies with strong balance sheets. Such strategies are often used to optimize capital structure and boost earnings per share while signaling confidence in the company’s long‑term outlook.