Salesforce Borrows $31 Billion for Stock Buybacks
Salesforce has borrowed $31 billion to fund its stock buybacks, according to a recent filing with the US Securities and Exchange Commission.
The company's quarterly report for the period ended July 31, 2026, reveals that it took on the massive debt to finance its share repurchases. The move aims to boost shareholder value by reducing the number of outstanding shares in the market.
Salesforce's balance sheet shows a significant increase in noncurrent debt, which rose from $10.4 billion in January 2026 to $39.3 billion as of July 31, 2026. This substantial borrowing will have implications for Salesforce's financial performance and its ability to invest in growth initiatives.
While the company has been a leader in the cloud computing industry, its decision to take on such large debt may raise concerns among investors about its long-term sustainability and financial flexibility.