Salesforce borrowed $25 billion to fund an accelerated share repurchase program in March, which it described as the largest such deal in history. Following this, the company announced in late May that it would cut its fiscal year 2027 operating and free cash flow growth guidance by half, from the 9%-10% projected in February to 4%-5%, to reflect the cost of this new debt. Concurrently, Salesforce raised the midpoint of its fiscal 2027 revenue guidance to $45.9 billion-$46.2 billion, representing approximately 11% growth.