Blackbaud reported Q3 2026 revenue growth of 4.1% and free cash flow of $126 million. Revenue and adjusted EBITDA are expected in the upper half of guidance; EPS and free cash flow are at or above the high end.
BLKB · Blackbaud Inc
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Blackbaud reported revenue growth of $11.5 million, or 4.1%, and operating income growth of $5.4 million for the three months ended September 30, 2026. Gross margin increased 120 basis points, and the company repurchased 448,000 shares for $18.3 million.
Blackbaud reported results for the period ended September 30, 2026: GAAP revenue was $292.6 million, up 4.1%, and non-GAAP adjusted EBITDA was $111.1 million, up $11.4 million. It reaffirmed 2026 GAAP revenue guidance of $1.173 billion to $1.179 billion.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Oct 28, 2026TL;DR. Blackbaud delivered Q3 revenue, recurring-revenue, adjusted EPS, adjusted EBITDA and free-cash-flow growth, expanded GAAP and non-GAAP operating margins, expects to finish 2026 in the upper half of all four guidance ranges, and is returning capital while reducing leverage; AI innovation and long-term growth targets provide potential upside. Near-term risks include renewal-cohort pressure on recurring revenue growth, higher workforce transition costs and cash outflows, transactional-revenue variability, and lower free-cash-flow and operating-cash-flow margins.
- + Management reaffirmed 2026 guidance and expects to finish in the upper half of all four key metric ranges. new
- + Blackbaud is returning capital through share repurchases and reducing debt leverage. new
- − The larger 2026 renewal cohort will moderate contractual recurring revenue growth through the first half of 2027. new
- − Expected workforce transition costs increased and will result in near-term cash outflows. new
- − Transactional revenue can vary from quarter to quarter, and guidance assumes no viral giving events. new
- − Non-GAAP free cash flow increased, but its margin declined year over year. new
- − GAAP operating cash flow increased, but its margin declined year over year. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
BLKB
this stock
Blackbaud Inc
|
$2.43B | -14.5% | +7.9% | 16.8 | 7.5% |
|
SAP
Sap SE
|
$269.25B | -3.9% | — | — | 0.1% |
|
QH
QUHUO Ltd
|
$242.08B | +150.0% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$191.38B | -7.5% | +30.1% | 90.2 | 1.6% |
|
CRM
Salesforce, Inc.
|
$175.83B | -19.3% | +25.9% | 19.5 | 3.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 28, 2026
- This year
- 13
Blackbaud reported revenue growth of $11.5 million, or 4.1%, and operating income growth of $5.4 million for the three months ended September 30, 2026. Gross margin increased 120 basis points, and the company repurchased 448,000 shares for $18.3 million.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BLKB | +1.1% | +19.0% | +69.1% | +1.1% | -14.5% |
| SPY | -2.7% | -5.6% | -0.5% | -2.7% | +7.8% |
| vs SPY | +3.8% | +24.6% | +69.6% | +3.8% | -22.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.