Blackbaud expands stock buyback program to $1 billion

Blackbaud (NASDAQ: BLKB) announced its board of directors has expanded the company's stock repurchase program from $800 million to $1 billion available for buying back common stock.

The software provider for nonprofit organizations has repurchased 2,707,953 shares for $174.5 million during 2025 prior to the program's replenishment on December 1. Including net share settlement of employee stock compensation, these repurchases represent approximately 6.7% of the company's outstanding common stock as of December 31, 2024.

"We believe there is no better use of capital at this time than repurchasing shares at this valuation to improve shareholder value," said Mike Gianoni, president, CEO and vice chairman of the board of directors.

Blackbaud has increased its fiscal year 2025 expected stock repurchase range to between 7.0% and 8.5% of its outstanding common stock as of December 31, 2024. Since instituting the current stock repurchase program in the fourth quarter of 2023, the company has reduced its common stock outstanding by more than 10%.

Under the program, the company may repurchase shares in the open market, through private transactions, or otherwise. As of December 1, 2025, the remaining amount available to purchase stock under the repurchase program was $1 billion.

The company filed additional details in a Form 8-K with the Securities and Exchange Commission. Blackbaud provides software for fundraising, financial management, and education management to nonprofit and education sectors.

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