Blackbaud, Inc.

Blackbaud Announces 2026 Third Quarter Financial Results

Blackbaud reported Q3 2026 revenue of $292.6 million, up 4.1% year-over-year, with non-GAAP diluted EPS of $1.36, up $0.26, and a Rule of 40 score of 42.1%. Margins expanded meaningfully: non-GAAP adjusted EBITDA reached $111.1 million at a 38.0% margin, up 260 basis points, while free cash flow came in at $126.0 million. GAAP diluted EPS was $1.02, up $0.04. The company reaffirmed full-year 2026 guidance and said it expects to finish in the upper half of all four key metric ranges. It has repurchased more than 7% of shares outstanding year-to-date, cut leverage to 2.3x from 2.7x in Q1, and has $832 million remaining under its buyback authorization. Alongside results, Blackbaud highlighted AI momentum from its bbcon conference, including the Platform for Good, the Lantern fundraising language model built with Databricks, and a BILL partnership for nonprofit payments.

•6d ago

Blackbaud Expands AI-Powered Innovation for Social Impact at bbcon Sydney

Blackbaud announced a suite of AI product innovations at bbcon Sydney, including a new Data Health Agent, expanded access to its Development Agent, and Blackbaud Marketing, an AI-assisted multichannel marketing platform expected by Q2 2027. The company also introduced Platform for Good, a unified operating system connecting data, workflows and AI, and detailed Lantern, a fundraising-specific language model developed with Databricks that will power select experiences starting in 2027. The release is a product-marketing event with no financial results disclosed; it signals continued AI investment in the core fundraising product franchise across ANZ, the US, UK and Canada.

•12d ago

Blackbaud Expands AI Leadership with Platform for Good™ and Lantern™ at bbcon 2026

Blackbaud used its bbcon 2026 user conference to unveil Platform for Good, a connected data and AI foundation, and Lantern, a fundraising-specific language model built in collaboration with Databricks. The company says Lantern embeds more than four decades of fundraising data into its Intelligence Layer, powering AI where customers already work, alongside an expanded lineup of Agents for Good. The announcements reinforce Blackbaud's AI positioning with its nonprofit customer base but include no financial metrics or disclosed revenue impact, so the news is strategic rather than materially quantifiable.

•29d ago

Blackbaud Announces Platform for Good™, Social Impact's First-Ever Unified Operating System

Blackbaud unveiled Platform for Good, described as the first unified operating system for social impact, connecting its full product ecosystem through a shared data, intelligence, and action architecture. Among the headline innovations is Lantern, a domain-specific language model for fundraising intelligence built in collaboration with Databricks, plus new AI agents and the next native-cloud chapter of Raiser's Edge NXT. Blackbaud also announced partnerships with BILL and Student First covering next-generation payment workflows and a higher-education Connected Campus solution. No financial metrics, revenue impact, or guidance were disclosed with the launch.

•1mo ago

Blackbaud Introduces Lantern™, the First Domain-Specific Language Model Purpose-Built for Fundraising

Blackbaud unveiled Lantern, billed as the first domain-specific language model purpose-built for fundraising intelligence, at its bbcon 2026 conference. Lantern was developed through a strategic collaboration with Databricks, combining open-weight models on the Databricks Data + AI Platform with Blackbaud's Social Impact Signal Graph and four decades of fundraising data. The model will begin powering select Raiser's Edge NXT and Agents for Good capabilities in 2027, with broader availability planned across Blackbaud's Platform for Good — meaning no near-term revenue contribution is disclosed.

•1mo ago

BILL and Blackbaud Partner to Simplify Vendor Payments for Nonprofit and Education Finance Teams

BILL announced a strategic partnership with Blackbaud to embed its payments network and processing capabilities into Blackbaud Financial Edge NXT's new Payment Assistant for nonprofit and education finance teams. The integration gives Financial Edge NXT customers access to BILL's network of 9 million businesses, covering invoice-to-reconciliation accounts payable workflows in one connected system. Rollout is phased — an early adopter program first, then limited availability for U.S. customers with domestic vendor payments only — so revenue contribution is not expected to be immediate. BILL also joined the Blackbaud Partner program, with additional integrations planned.

•1mo ago

Blackbaud is Delivering Corporate Donations to Nonprofits Faster than Ever with Expedited Giving+

Blackbaud announced the expanded availability of Expedited Giving and Expedited Giving+ within its YourCause suite, accelerating corporate donation delivery by 90% compared to industry averages. Expedited Giving+ enables near real-time disbursement in as little as 10 minutes via the Blackbaud Integrated Payments solution. The new features leverage the Blackbaud Verified Network, which connects more than 100,000 nonprofits and ten million employees. This infrastructure reduces administrative delays and helps organizations access critical funding faster. President of Corporate Impact Dale Strange emphasized that accelerating donation velocity helps companies streamline administration and strengthens employee engagement.

•2mo ago

Blackbaud Increases Flexibility to Access Fundraising Intelligence as Raiser's Edge NXT® Integrates with Microsoft 365 Copilot

Blackbaud announced a new Microsoft 365 Copilot-enabled agent for its Raiser's Edge NXT platform, allowing users to access fundraising insights using natural-language prompts within Microsoft apps. The integration supports faster decision-making by enabling professionals to surface real-time data in Outlook, Teams, Word, and Excel without switching between tools. This update reinforces Blackbaud's AI platform strategy and builds on Raiser's Edge NXT's status as Microsoft Nonprofit AI Certified Software.

•2mo ago

Blackbaud Announces 2026 Second Quarter Results

Blackbaud reported Q2 revenue of $290.6 million, up 3.0% year-over-year, with non-GAAP EPS rising to $1.33. Management expects to finish fiscal 2026 in the upper half of its guidance ranges for revenue, adjusted EBITDA, and EPS, citing confidence in second-half operating momentum. The company continues to aggressively return capital, having repurchased just over 6% of outstanding shares year-to-date with $850 million remaining under its authorization.

•3mo ago

Blackbaud and Student First Propel AI-Powered Connected Campus Vision for Higher Education Through Strategic Innovation Partnership

Blackbaud expanded its collaboration with Student First into a Strategic Innovation Partnership to advance a shared 'Connected Campus' vision for higher education institutions. The integration combines Student First’s AI-powered student information system with Blackbaud’s financial and advancement solutions, including Financial Edge NXT and Raiser's Edge NXT, to unify data across campus departments. This joint roadmap aims to reduce manual administrative workflows, improve institutional visibility, and help colleges and universities align resources with student success goals.

•3mo ago

Blackbaud Announces New Agents for Good™, Embedded AI Capabilities for a Reimagined Cloud-Native, AI-First Connected Platform

Blackbaud expanded its Agents for Good suite with four new autonomous AI agents—Data Health, Admissions, Digital Marketing, and Accounts Payable—alongside AI-powered updates to Financial Edge NXT. The new agents are embedded directly into the platform to automate workflows in fundraising, admissions, marketing, and finance without requiring external integrations. Early usage of the Development Agent shows a reply rate 76 times the industry average and a 39% higher attributable gift size, signaling strong productivity gains for customers.

•3mo ago

Blackbaud Named to TIME America's Best Companies of 2026

Blackbaud was named to TIME's America's Best Companies of 2026 list, recognizing its employee experience and commitment to social impact. The ranking, developed in partnership with Statista, evaluated companies based on employee satisfaction, financial performance and sustainability transparency. Chief People and Culture Officer Maggie Driscoll highlighted the company's purpose-driven culture and focus on employee wellbeing as key drivers of the recognition.

•3mo ago

Blackbaud Unveils New AI Innovation for K-12 Independent Schools with Admissions Agent in Development

Blackbaud previewed its new Admissions Agent, an agentic AI tool designed to help independent K-12 schools improve enrollment outcomes and streamline workflows. The announcement, made at the 2026 K-12 User Conference, includes broader AI innovations like Candidate Insights and a Common Records Engine to reduce administrative burden. The company plans to launch an early adopter program soon, allowing schools to help shape the solution before full rollout.

•3mo ago

AI Coalition for Social Impact, Convened by Blackbaud, Officially Opens the Free AI for Social Impact Certification Program

Blackbaud has officially opened the AI for Social Impact Certification Program, launching the inaugural course 'AI Fundamentals for Social Impact' through the AI Coalition for Social Impact it convened. The free, product-agnostic program is designed to build AI maturity in the sector, citing data that while 85% of nonprofit professionals use AI, only 10% report major gains from its use. Course modules feature experts from Databricks and McKinsey & Company, with a second course focused on responsible AI principles expected later this year.

•3mo ago

Blackbaud Named to Newsweek's World's Greenest Companies List for Second Consecutive Year

Blackbaud was named to Newsweek's World's Greenest Companies 2026 list for the second consecutive year, recognized among 850 publicly listed companies across 28 countries. The company highlighted that it achieved carbon neutrality across its business operations for the fifth consecutive year in 2025. The ranking evaluated over 8,000 organizations on more than 25 parameters including greenhouse gas emissions, water usage, waste generation, and sustainability disclosures.

•4mo ago

Blackbaud Announces 2026 First Quarter Results

Blackbaud reported Q1 revenue of $281.1 million, up 4.2% year-over-year, with non-GAAP diluted EPS of $1.14 and GAAP operating margin expanding 1,100 basis points to 18.3%. The company launched its first Agent for Good agentic AI solution, the Development Agent, and confirmed that $878 million remains under its stock repurchase authorization with plans to repurchase 5% to 10% of outstanding shares in 2026. Management reaffirmed its 2026 full-year guidance, targeting GAAP revenue of $1.173 billion to $1.179 billion and non-GAAP diluted EPS of $5.15 to $5.25.

•6mo ago

Blackbaud Highlights AI Capabilities Transforming Fundraising at AFP ICON 2026

Blackbaud is showcasing its new 'Development Agent' and other AI-powered tools for the Raiser's Edge NXT platform at the AFP ICON 2026 conference. The company achieved the 'Certified Software for Non-Profit AI' designation from Microsoft, validating the security and interoperability of its AI capabilities. According to the Blackbaud Institute, the typical nonprofit saw 4.3% revenue growth last year, driving demand for technology that amplifies fundraising capacity.

•6mo ago