Earnings Releases·Oct 28, 2026, 7:08 AM ET

Blackbaud — Third Quarter 2026 Earnings Summary

GAAP total revenue grew 4.1% year-over-year to $292.6 million, while GAAP operating margin expanded 110 basis points to 20.5% and non-GAAP diluted EPS rose $0.26 year-over-year to $1.36.
The company reaffirmed full-year 2026 guidance across all key metrics, projecting to finish in the upper half of ranges for revenue ($1.173B–$1.179B), non-GAAP adjusted EBITDA ($430M–$438M), and EPS ($5.15–$5.25).
Strategic initiatives include the launch of the Platform for Good™ operating system, the unveiling of the Lantern™ AI model with Databricks, and a new payments partnership with BILL to embed capabilities into Financial Edge NXT®.
Capital allocation and balance sheet optimization continue with total debt reduced to $1.04 billion from $1.11 billion, a leverage ratio improvement to 2.3x, and over 7% of common stock repurchased year-to-date with $832 million remaining under the expanded program.