Blackbaud Announces Reauthorized, Expanded and Replenished
MWN-AI** Summary
On December 1, 2025, Blackbaud Inc. (NASDAQ: BLKB), a prominent provider of software tailored for social impact sectors, announced the reauthorization and expansion of its stock repurchase program. The board of directors has raised the total repurchase capacity from $800 million to $1 billion, underscoring the company's commitment to enhancing shareholder value. CEO Mike Gianoni expressed that the current stock valuation presents an optimal opportunity for repurchase, a strategy that has already resulted in a reduction of more than 10% in common stock outstanding since the initiation of the program in late 2023.
In 2025, preceding this replenishment, Blackbaud repurchased 2,707,953 shares for approximately $174.5 million, accounting for around 6.7% of its total common stock as of December 31, 2024. The increased repurchase expectations for 2025 now range between 7.0% and 8.5% of common stock, reflecting favorable market conditions and a strong approach to capital allocation. The repurchase will be conducted through various methods, including open market purchases and private transactions, with employee stock compensation settlements being additional to the program's total share count.
As a leader in the nonprofit and education software space, Blackbaud continues to promote its mission of social responsibility through its products, which handle over $100 billion in funds annually. The company has received recognition from sources like Newsweek and Forbes for its workplace responsibility and commitment to remote work. With operations across multiple countries, Blackbaud is well-positioned to support a global network of users dedicated to positive change. For further information, investors and the public can refer to additional disclosures on the SEC website or Blackbaud's official channels.
MWN-AI** Analysis
Blackbaud's recent announcement of a $1 billion stock repurchase program is a significant signal for the market and its shareholders. The company has effectively reauthorized and expanded its existing stock repurchase strategy, enhancing shareholder value amid a rapidly evolving economic environment.
By increasing its buyback capacity from $800 million, Blackbaud aims to capitalize on perceived undervaluation in its stock. CEO Mike Gianoni emphasized this strategy by referencing a notable decrease in outstanding common stock by over 10% since the inception of the current repurchase initiative in late 2023. As they project an increase in share repurchases to between 7.0% and 8.5% of outstanding shares in fiscal year 2025, this aggressive approach indicates strong confidence in the company's future growth trajectory, particularly in generating consistent mid-single-digit organic revenue growth and double-digit non-GAAP EPS growth.
For investors, Blackbaud's commitment to robust capital allocation and shareholder returns positions it favorably in the marketplace. The expansion of its repurchase program can be interpreted as a proactive measure to improve earnings per share (EPS), which typically drives up share price, a fundamental consideration for equities investors.
Moreover, as a leader in software solutions for the social impact sector, Blackbaud's focus on mission-driven initiatives addresses a growing demand for corporate social responsibility. The company's strong foothold in the nonprofit space, combined with a commitment to technology innovation, supports operational resilience against market challenges.
In summary, Blackbaud's decision to enhance its stock repurchase program is an encouraging development for investors, potentially signaling both short-term valuation recovery and long-term strategic growth. Carefully monitoring the market's reception to this announcement and subsequent financial metrics will be crucial as the company continues its endeavors into 2025 and beyond.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
$1 Billion Stock Repurchase Program and Increased Stock Repurchase Expectations for 2025
CHARLESTON, S.C., Dec. 2, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced its board of directors has reauthorized, expanded and replenished the company's existing stock repurchase program, raising the total capacity from $800 million to $1 billion available for repurchases of the company's common stock.
"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. "Since instituting our current stock repurchase program in the fourth quarter of 2023, we have reduced our common stock outstanding by more than 10%. We expect stock repurchase to remain a key component of our long-term capital allocation strategy as we look to deliver consistent mid-single-digit organic revenue growth and double-digit non-GAAP EPS growth moving forward."
Under the program, the company may repurchase shares of its common stock in the open market, through private transactions, or otherwise. Any net share settlement of employee stock compensation is incremental to this program. During 2025, prior to the replenishment on December 1, 2025, Blackbaud repurchased an aggregate of 2,707,953 shares for
$174.5 million. 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. Based on current market valuations, 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. As of December 1, 2025, the remaining amount available to purchase stock under the company's repurchase program was $1 billion.
Additional details can be found in Blackbaud's Form 8-K filed today with the Securities and Exchange Commission.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud's solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com or follow us on X/Twitter, LinkedIn, Instagram and Facebook.
Media Inquiries
media@blackbaud.com
Investor Contact
IR@blackbaud.com
Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
SOURCE Blackbaud
FAQ**
How do the recent stock repurchase program changes by Blackbaud Inc. (BLKB) reflect the company's confidence in its long-term growth potential?
What factors contributed to Blackbaud Inc. (BLKB) raising the total capacity of its stock repurchase program from $800 million to $1 billion, and what does this signify for investors?
Given the expected stock repurchase range of 7.0% to 8.5% of outstanding shares for fiscal year 2025, how might this impact Blackbaud Inc. (BLKB)'s earnings per share (EPS)?
How does Blackbaud Inc. (BLKB) plan to balance its stock repurchase strategy with its goal of delivering mid-single-digit organic revenue growth in the coming years?
**MWN-AI FAQ is based on asking OpenAI questions about Blackbaud Inc. (NASDAQ: BLKB).
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