---
schema_version: "secwatch.filing_event.v1"
accession: "0001280058-25-000053"
form_type: "8-K"
ticker: "BLKB"
cik: "0001280058"
company_name: "BLACKBAUD INC"
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:37:58.075075+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Blackbaud expands share repurchase program to $1B, raises 2025 buyback guidance

## Summary
- Board raised buyback capacity from $800M to $1B; program has no expiration date.
- YTD 2025 repurchased 2.7M shares for $174.5M, reducing float ~6.7% YTD and >10% since Q4 2023.
- FY2025 expected repurchase range increased to 7.0%–8.5% of outstanding common stock.
- CEO cites current valuation as best capital use; targets mid-single-digit revenue growth and double-digit non-GAAP EPS growth.

## SEC filing metadata
- accession: 0001280058-25-000053
- form_type: 8-K
- ticker: BLKB
- cik: 0001280058
- company_name: BLACKBAUD INC
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000053/0001280058-25-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280058/000128005825000053/blkb-20251201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001280058-25-000053
- JSON: https://secwatch.observer/filing/0001280058-25-000053.json
- Plain text: https://secwatch.observer/filing/0001280058-25-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.