Blackbaud (BLKB)
NASDAQ:BLKB
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.28Last Year’s EPS
1.21Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized solid execution: modest organic revenue growth (4.2%), improved EBITDA and EPS (20% EPS growth), notable free cash flow and an aggressive capital-return program. Management highlighted strategic differentiation via a proprietary data moat, AI governance and the commercial launch of an agentic AI product with cross-sell potential. Key risks discussed were near-term quarterly variability (transactional revenue seasonality and Q2 EBITDA impact from AI investments), early-stage commercialization risk for agentic AI, and some disclosure gaps around new-logo contribution and pricing models. Overall, the positives around growth, margin progress, cash generation, share repurchases and a clear AI product roadmap outweigh the near-term execution and visibility risks.Company Guidance
Organic Revenue Growth
Q1 organic revenues grew 4.2% year-over-year to $281 million, demonstrating steady subscription-led demand.
Improved Profitability
Non-GAAP adjusted EBITDA was $99 million, up $7 million versus prior year, with an approximately 1 percentage point improvement in adjusted EBITDA margin.
Non-GAAP EPS and Free Cash Flow Strength
Non-GAAP EPS increased 20% to $1.14 (from $0.95). Free cash flow rose nearly $50 million year-over-year to $37 million in Q1.
Aggressive Share Repurchase Program
Repurchased roughly 4.5% of shares (including net share settlement) in Q1 activity; company has reduced common shares outstanding by ~14% since Q4 2023 and expects to deploy 50%+ of cumulative free cash flow (2026-2030) to repurchases.
Agentic AI Product Launch — Agents For Good
Launched first agentic product, the Blackbaud Fundraising Development Agent (general availability in March). Target pricing is an annual subscription in the tens of thousands per year and the product is targeted to cross-sell to thousands of existing customers — expected to drive a new revenue line and incremental transactional volume through Blackbaud Integrated Payments.
Strong AI Adoption and Data Advantage
More than half of Raiser's Edge NXT customers use machine learning-enabled donor prospecting, generating nearly 30 billion predictions annually. Blackbaud emphasizes a 'data moat' (proprietary philanthropic and social-impact data), native integrations and AI governance/cybersecurity as competitive differentiation.
Clear Multi-Year Financial Targets
2026–2030 targets include organic total revenue growth of 4%–6% annually, adjusted EBITDA growth of 6%–8% annually, adjusted EBITDA margin expansion to 40%+, and non-GAAP EPS CAGR target of 13%+. The company expects the $285M midpoint of 2026 cash flow guidance to represent a 25% CAGR since 2020 and is forecasting ~17% non-GAAP EPS growth at the midpoint of 2026 guidance.
Large New Logo & Enterprise Wins
Management cited several competitive displacements and an enterprise deal (one of the largest in company history) signed on a multi-year (5-year) contract, indicating momentum in new-logo acquisition and cross-portfolio sales.
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 |
|---|---|---|---|
Apr 29, 2026 | $37.51 | $39.04 | +4.08% |
Feb 10, 2026 | $48.25 | $47.68 | -1.18% |
Oct 29, 2025 | $64.15 | $67.95 | +5.92% |
Jul 30, 2025 | $64.50 | $71.61 | +11.02% |
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 Aug 04, 2026, After Close (Confirmed).
What is Blackbaud (BLKB) earnings time?
Blackbaud (BLKB) earnings time is at Aug 04, 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 (Q2) is 1.28.