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.
Key figures
- Eps
- 1.02
- Revenue
- 292600000
- Guidance
- FY2026 reaffirmed, expecting upper half of ranges: GAAP revenue $1.173B-$1.179B; non-GAAP adjusted EBITDA $430M-$438M; non-GAAP diluted EPS $5.15-$5.25; non-GAAP FCF $280M-$290M
- Revenue Yoy
- 4.1%
- Fcf
- 126000000
- Fcf margin
- 43.1%
- Rule of 40
- 42.1%
- Ytd buyback
- more than 7% of common stock outstanding since end of 2025
- Leverage ratio
- 2.3x (down from 2.7x in Q1)
- Buyback remaining
- $832 million
- Operating cash flow
- 141700000
- Gaap operating income
- 60000000
- Gaap operating margin
- 20.5%
- Non gaaap diluted eps
- 1.36
- Adjusted ebitda margin
- 38.0%
- Non gaap adjusted ebitda
- 111100000
- Non gaap operating income
- 94600000
- Non gaap operating margin
- 32.3%
- Gaap diluted eps yoy change
- +$0.04
- Recurring revenue pct of total
- 98.1%
- Non gaap diluted eps yoy change
- +$0.26
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.