Blackbaud increases stock repurchase program to $1B from $800M

Blackbaud (BLKB) has reauthorized, expanded and replenished the company’s existing stock repurchase program, raising the total capacity from $800M to $1B available for repurchases of the company’s common stock. 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 $174.5M. These repurchases represent approximately 6.7% of the company’s outstanding common stock as of December 31, 2024. Blackbaud has increased its FY25 expected stock repurchase range to 7.0%-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 $1B.