Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information for Common Stock
Our common stock is traded on the New York Stock Exchange under the symbol “CRM.”
Dividend Policy
For the fiscal year ended January 31, 2025 and 2026 we announced the following dividends (in millions, except dividend per share):
Quarter Ended Record Date Payment Date Dividend Per Share Amount (in millions)
Fiscal 2026
April 30, 2025 April 10, 2025 April 24, 2025 $ 0.416 $ 406
July 31, 2025 June 18, 2025 July 10, 2025 $ 0.416 $ 404
October 31, 2025 September 17, 2025 October 9, 2025 $ 0.416 $ 400
January 31, 2026 December 18, 2025 January 8, 2026 $ 0.416 $ 395
Fiscal 2025
April 30, 2024 March 14, 2024 April 11, 2024 $ 0.40 $ 388
July 31, 2024 July 9, 2024 July 25, 2024 $ 0.40 $ 388
October 31, 2024 September 18, 2024 October 8, 2024 $ 0.40 $ 385
January 31, 2025 December 18, 2024 January 9, 2025 $ 0.40 $ 388
In February 2026, the Board declared a $0.44 dividend per share that is payable on April 23, 2026 to stockholders of record as of the close of business on April 9, 2026.
The payment of future cash dividends is subject to future declaration by our Board, which will be based in part on continued capital availability, general economic and market conditions, applicable laws and agreements and our Board continuing to determine that the declaration of dividends is in the best interests of the Company and its stockholders.
Stockholders
As of January 31, 2026, there were 366 registered stockholders of record of our common stock, including The Depository Trust Company, which holds shares of Salesforce common stock on behalf of an indeterminate number of beneficial owners.
Stock Performance Graph
The following shall not be deemed incorporated by reference into any of our other filings under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended.
The graph below compares the cumulative total stockholder return on our common stock with the cumulative total return on the Standard & Poor’s 500 Index ("S&P 500 Index"), Nasdaq Computer & Data Processing Index ("Nasdaq Computer"), the Nasdaq 100 Index and the Dow Jones Industrial Average for each of the last five fiscal years ended January 31, 2026, assuming an initial investment of $100. Data for the S&P 500 Index, Nasdaq Computer, Nasdaq 100 Index and Dow Jones Industrial Average assume reinvestment of dividends.
The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance of our common stock.
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1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025 1/31/2026
Salesforce $ 100 $ 103 $ 74 $ 125 $ 151 $ 94
S&P 500 Index 100 122 110 130 163 187
Nasdaq Computer 100 125 97 151 198 257
Nasdaq 100 Index 100 116 94 133 166 198
Dow Jones Industrial Average 100 117 114 127 149 163
Recent Sales of Unregistered Securities
In connection with acquisitions made during the three months ended January 31, 2026, the Company issued: 19,633 shares of its common stock on November 3, 2025; 20,231 shares of its common stock on November 21, 2025; and 32,960 shares of its common stock on December 1, 2025. These issuances were made in reliance on one or more of the following exemptions or exclusions from the registration requirements of the Securities Act: Section 4(a)(2) of the Securities Act, Regulation D promulgated under the Securities Act and Regulation S promulgated under the Securities Act.
Issuer Purchases of Equity Securities
Share repurchases of the Company’s common stock for the three months ended January 31, 2026 were as follows (in millions, except for average price paid per share):
Period Total Number of Shares Purchased (1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program (1) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
November 2025 5 $237.71 5 $20,703
December 2025 5 $256.60 5 $19,416
January 2026 6 $234.94 6 $17,892
Total 16 16
(1) The Board authorized the Share Repurchase Program, which commenced in fiscal 2023. In September 2025, the Board authorized an additional $20.0 billion in repurchases under the Share Repurchase Program, for an aggregate total authorized of $50.0 billion. In February 2026, the Board authorized $50.0 billion in share repurchases under the Share Repurchase Program that replaced the previous remaining unpurchased authorization. The Share Repurchase Program does not have a fixed expiration date and does not obligate the Company to acquire any specific number of shares. Under the Share Repurchase
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Program, shares of common stock may be repurchased using a variety of methods, including privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act, as part of accelerated share repurchases and other methods. The timing, manner, price and amount of any repurchases are determined by the Company in its discretion and depend on a variety of factors, including legal requirements, price and economic and market conditions. All repurchases disclosed in the table were made pursuant to the publicly announced Share Repurchase Program.
ITEM 6. RESERVED