Blackbaud Unveils New $1 Billion Stock Buyback Program to Enhance Shareholder Value
Blackbaud Inc., the renowned software provider focused on fostering social impact through technology, has made a significant announcement from its headquarters in Charleston, South Carolina, on December 2, 2025. The company disclosed that its board of directors has reauthorized and expanded its existing stock buyback program, escalating the total repurchase capacity from $800 million to an impressive $1 billion.
Mike Gianoni, who serves as the president, CEO, and vice chairman of the board, expressed strong confidence in this move. He stated, "We believe there is no better use of capital at this time than repurchasing shares at this valuation to improve shareholder value." This statement reinforces Blackbaud's commitment to delivering exceptional returns to its investors while managing their capital effectively.
Since the launch of the current stock repurchase initiative in the fourth quarter of 2023, Blackbaud has successfully reduced its outstanding common stock by over 10%. The company anticipates that stock repurchases will remain a vital component of its long-term capital allocation strategy. Gianoni highlighted the company’s objective of achieving consistent mid-single-digit organic revenue growth alongside double-digit non-GAAP earnings per share (EPS) growth in the future.
Under the newly authorized program, Blackbaud retains the flexibility to repurchase its shares through various methods, including open market transactions or private placements. Significantly, any net share settlement related to employee stock compensation will be considered in addition to this repurchase initiative.
In 2025, prior to the recent expansion on December 1, 2025, Blackbaud had already repurchased a total of 2,707,953 shares at a cost of $174.5 million. This figure represents approximately 6.7% of the company's outstanding common stock as of December 31, 2024. Based on current market conditions and valuation estimates, Blackbaud has revised its projection for the fiscal year 2025 stock repurchase estimates to a range between 7.0% and 8.5% of its outstanding common stock by the end of 2024. Following the reauthorization, the remaining funds available for share purchases under the stock repurchase program stands at a solid $1 billion.
For further details on this development, interested parties can refer to Blackbaud's Form 8-K, which has been filed today with the Securities and Exchange Commission.
Established primarily to service the nonprofit and educational sectors, Blackbaud (NASDAQ: BLKB) has positioned itself as the leading software provider dedicated to enhancing social impact. With over $100 billion being raised, granted, or managed via Blackbaud’s platforms annually, it provides essential software solutions to streamline fundraising, grantmaking, corporate social responsibility, and financial management for nonprofit organizations. Recognized for its commitment to corporate social responsibility, Blackbaud has secured spots on several prestigious lists, including Newsweek's America's Most Responsible Companies, Quartz's Best Companies for Remote Workers, and Forbes' Best Employers in America.
Operating in over 100 countries, Blackbaud boasts a global footprint spanning the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, contributing significantly to the growth of the social sector worldwide.
For those wishing to explore Blackbaud's offerings or seek further information, more can be discovered at Blackbaud's website or on their social media platforms on X/Twitter, LinkedIn, Instagram, and Facebook.
Mike Gianoni, who serves as the president, CEO, and vice chairman of the board, expressed strong confidence in this move. He stated, "We believe there is no better use of capital at this time than repurchasing shares at this valuation to improve shareholder value." This statement reinforces Blackbaud's commitment to delivering exceptional returns to its investors while managing their capital effectively.
Since the launch of the current stock repurchase initiative in the fourth quarter of 2023, Blackbaud has successfully reduced its outstanding common stock by over 10%. The company anticipates that stock repurchases will remain a vital component of its long-term capital allocation strategy. Gianoni highlighted the company’s objective of achieving consistent mid-single-digit organic revenue growth alongside double-digit non-GAAP earnings per share (EPS) growth in the future.
Under the newly authorized program, Blackbaud retains the flexibility to repurchase its shares through various methods, including open market transactions or private placements. Significantly, any net share settlement related to employee stock compensation will be considered in addition to this repurchase initiative.
In 2025, prior to the recent expansion on December 1, 2025, Blackbaud had already repurchased a total of 2,707,953 shares at a cost of $174.5 million. This figure represents approximately 6.7% of the company's outstanding common stock as of December 31, 2024. Based on current market conditions and valuation estimates, Blackbaud has revised its projection for the fiscal year 2025 stock repurchase estimates to a range between 7.0% and 8.5% of its outstanding common stock by the end of 2024. Following the reauthorization, the remaining funds available for share purchases under the stock repurchase program stands at a solid $1 billion.
For further details on this development, interested parties can refer to Blackbaud's Form 8-K, which has been filed today with the Securities and Exchange Commission.
Established primarily to service the nonprofit and educational sectors, Blackbaud (NASDAQ: BLKB) has positioned itself as the leading software provider dedicated to enhancing social impact. With over $100 billion being raised, granted, or managed via Blackbaud’s platforms annually, it provides essential software solutions to streamline fundraising, grantmaking, corporate social responsibility, and financial management for nonprofit organizations. Recognized for its commitment to corporate social responsibility, Blackbaud has secured spots on several prestigious lists, including Newsweek's America's Most Responsible Companies, Quartz's Best Companies for Remote Workers, and Forbes' Best Employers in America.
Operating in over 100 countries, Blackbaud boasts a global footprint spanning the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, contributing significantly to the growth of the social sector worldwide.
For those wishing to explore Blackbaud's offerings or seek further information, more can be discovered at Blackbaud's website or on their social media platforms on X/Twitter, LinkedIn, Instagram, and Facebook.
Topics Financial Services & Investing）
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