Salesforce spends record $27B on stock buybacks to combat SaaSpocalypse

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Salesforce returned $27.5 billion to shareholders in Q1 FY2027, comprising $27.1 billion in share repurchases and $365 million in dividends. In March 2026, the company executed a $25 billion accelerated share repurchase program, the largest in corporate history, partly funded by a $25 billion debt issuance. These operations reduced diluted shares outstanding by 10% year-over-year. Quarterly revenues reached $11.1 billion, a 13% increase setting a new company record. Salesforce is betting on its Agentforce AI platform to counter the SaaSpocalypse threat posed by generative AI tools to traditional subscription-based software models.

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