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Blackbaud (BLKB)
NASDAQ:BLKB
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.21Last Year’s EPS
0.96Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong financial results (organic revenue +5.5%, adjusted EBITDA margin +220 bps, EPS +12%, free cash flow beat), clear near-term guidance with improved EPS and free cash flow, aggressive capital return plans, and an articulated multi-year aspirational plan (revenue and EBITDA CAGRs and 40%+ margin target). Management signaled meaningful AI product innovation and internal productivity opportunities but conservatively excluded AI revenue from 2026 guidance and called out a larger renewal cohort and normalization of transactional revenue as near-term headwinds. On balance, the positives (robust 2025 results, constructive 2026 guidance, buybacks, deleveraging, and long-term targets) outweigh the listed lowlights and conservative assumptions.Company Guidance
Rule of 40 Achievement
Reached Rule of 40 status two years ahead of plan, signaling strong combined growth and profitability execution.
Full-Year 2025 Revenue Growth
Full-year 2025 organic revenue up 5.5% to $1.128 billion.
Improved Profitability and Margins
Adjusted EBITDA of $405 million, up ~8% year-over-year (after EVERFI adjustment), with adjusted EBITDA margin of 35.9%, +220 basis points versus 2024.
Earnings and Cash Flow Strength
Non-GAAP EPS of $4.45, up ~12% year-over-year (after EVERFI adjustment). Adjusted free cash flow for 2025 was $208 million, exceeding the high end of upwardly revised guidance.
Aggressive Capital Returns & Leverage Reduction
Repurchased ~8% of common shares in 2025 (11% repurchased in 2024 previously) and reduced net leverage from 2.9x in Q1 to 2.5x at year-end.
Strong 2026 Guidance
2026 guidance: revenue $1.173B–$1.179B (organic growth 4.0%–4.5%), adjusted EBITDA $430M–$438M (implying 6%–8% dollar growth), non-GAAP EPS $5.15–$5.25 (16%–18% growth), and free cash flow $280M–$290M.
Long-Term Aspirational Targets (2026–2030)
Targets organic revenue CAGR 4%–6%, adjusted EBITDA CAGR 6%–8% with adjusted EBITDA margin 40%+, non-GAAP EPS CAGR 13%+, and plan to deploy 50%+ of cumulative free cash flow (2026–2030) to share repurchases.
AI Product Progress and Adoption
Launched Blackbaud AI Chat and Agents for Good; average daily AI chat usage grew 5x since October. More than half of Raiser's Edge NXT customers have ML-enabled donor prospecting producing ~30 billion predictions annually (tens of petabytes of data). Early Development Agent pilots showing results with pricing expected in the 'tens of thousands' per year and commercial availability later in 2026.
Internal AI Productivity Gains
Internal AI adoption driving productivity: in the final 4 weeks of 2025, ~19,000 hours of AI-assisted outcomes and ~196,000 actions completed; multiple internal agent pilots in sales development, contract renewals and QA.
Capital & Expense Assumptions
Guidance assumes interest expense $62M–$66M (down from $68M), non-GAAP effective tax rate 24.5%, fully diluted shares expected ~45M–46M (vs 48.5M prior year), and capex $60M–$70M (including $52M–$62M capitalized software).
BLKB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BLKB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Oct 29, 2025 | $64.15 | $67.95 | +5.92% |
Jul 30, 2025 | $64.50 | $71.61 | +11.02% |
Apr 30, 2025 | $64.06 | $60.54 | -5.49% |
Feb 18, 2025 | $79.88 | $70.96 | -11.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Blackbaud (BLKB) report earnings?
Blackbaud (BLKB) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Blackbaud (BLKB) earnings time?
Blackbaud (BLKB) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLKB EPS forecast?
BLKB EPS forecast for the fiscal quarter 2026 (Q1) is 1.21.