Buyback Radar
Company reports

Salesforce

CRM

Salesforce has retired 17.7% of its shares since 2023, from 1,000,000,000 to 823,000,000.

17.7%retired since 2023
16.4%last 5 years
12.2%last 12 months
823Mshares today

At $240.70 a share, a market value of $198.1B. FCF yield 7.6%, P/E 20.5, trailing twelve months to July 2026.

Shares outstanding, 2005 to todaysplit adjusted, from SEC filings
1B shares, 2023823M20052010201520202025
2005, 422,000,0002026-08-20, 823,000,000
A share bought in 2020
1.1× more of Salesforce today, without buying another share. It was one of 895,000,000 shares then. It is one of 823,000,000 now.
Every filing we read22 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20052005-02-28422,000,00010-Kcover page
20062006-02-28443,200,00010-Kcover page
20072007-02-28460,000,00010-Kcover page
20082008-01-31477,200,00010-Kcover page
20092009-01-31491,400,24810-K
20102010-01-31508,800,00010-K
20112011-01-31531,600,00010-K
20122012-01-31548,000,00010-K
20132013-01-31585,600,00010-K
20142014-01-31610,100,00010-K
20152015-01-31650,600,00010-K
20162016-01-31670,900,00010-K
20172017-01-31707,500,00010-K
20182018-02-28731,500,00010-K
20192019-02-28771,000,00010-K
20202020-02-29895,000,00010-K
20212021-03-15921,000,00010-K
20222022-03-01990,000,00010-K
20232023-03-071,000,000,00010-K
20242024-02-29970,000,00010-K
20252025-02-28961,000,00010-K
20262026-02-25923,000,00010-K

Source: all 10-K filings of Salesforce on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2024 to 2026cash flow statement against share count
$28Bspent on buybacks
77Mfewer shares outstanding
6.4%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $240.70.

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Salesforce buybacks, answered

Is Salesforce buying back its stock?

Yes. Salesforce has 12.2% fewer shares outstanding than twelve months ago, 823,000,000 as of August 20, 2026. Over five years the share count is down 16.4%.

How many shares has Salesforce bought back?

Net of every new share it issued, Salesforce has 177.0 million fewer shares than at its 2023 peak. That is 17.7% of the company.

How many shares does Salesforce have outstanding?

823,000,000 shares, as of August 20, 2026, from the cover page of its latest 10-Q. At the 2023 peak it had 1,000,000,000.

What do Salesforce's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Salesforce stock in 2023 owns 1.2 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Salesforce compare with other cannibal stocks?

Salesforce ranks No. 397 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Howmet Aerospace (17.8%), Cathay General Bancorp (17.8%), Zoetis (17.5%), Belden (17.3%).

Every answer is computed from Salesforce's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates16,151,269 shares, $2.5B, Q2 2026
First EagleFirst Eagle Investment Management14,612,068 shares, $2.3B, Q2 2026
Richard PzenaPzena Investment Management1,502 shares, $235K, Q2 2026
Wally WeitzWeitz Investment Management49,300 shares, $7.7M, Q2 2026
Chuck AkreAkre Capital Management717,799 shares, $112.5M, Q2 2026
Mason MorfitValueAct Holdings2,994,509 shares, $469.1M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

Kirk David BlairDirector2026-09-18, 4,176 shares at $239.33 $999K total
ALBER LAURADirector2026-03-19, 2,571 shares at $194.58 $500K total
Kirk David BlairDirector2026-03-18, 2,570 shares at $194.62 $500K total
Kirk David BlairDirector2025-12-17, 1,936 shares at $258.64 $501K total
Morfit G Mason; ValueAct Holdings, L.P.; ValueAct Capital Master Fund, L.P.; VA Partners I, LLC; ValueAct Capital Management, L.P.; ValueAct Capital Management, LLC; ValueAct Holdings II, L.P.; ValueAct Holdings GP, LLCDirector; Other2025-12-05, 96,000 shares at $260.58 $25.0M total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Salesforce in depth on Cannibal Stocks.

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