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Blackline (BL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Blackline (BL) Q3 2026 earnings results →
Q3 2026 Revenue up 8% year over year to $193M · 5¢ of every $1 of revenue kept as net profit · operating margin 8.6%
Blackline made $193M in Q3 2026 (+8% Y/Y): Subscription and support $183M, Professional services $10.3M. Operating margin 8.6%, net earnings $10.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $193.4M in Q3 2026, up 8% year over year and up 3% from the previous quarter. Subscription and support was the largest line at 95% of revenue. Subscription and support added $14.9M year over year (up 9%), 99% of the total change.
Gross margin was 75.7%, up 0.6 points from Q3 2025. Operating profit was $16.7M, a 8.6% margin (up 4.4 points year over year). Of the extra revenue versus Q3 2025, 60% reached operating profit, above the 4% margin then. Operating expenses grew 3% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+120%). Net earnings were $10.6M, up 101% year over year. The effective tax rate was 39.5%.
Operating cash flow was $67.1M (up 5% year over year), 599% of net income including minority interests. Non-cash charges added back $12.7M of depreciation and amortization and $21.7M of share-based compensation. Working capital and other items added $21.5M. After capitalized software development costs ($7.0M) and purchases of property and equipment ($2.6M), free cash flow as the company reports it was $57.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $193M | +8% | 8.6% | $10.6M | $67.1M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $188M | +9% | 5.9% | $16.5M | $45.0M |
| Q1 2026 | 10-Q | May 7, 2026 | $183M | +10% | 3.4% | $8.1M | $46.3M |
| Q4 2025 | 10-K | Feb 26, 2026 | $183M | +8% | 3.7% | $4.9M | $26.7M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $178M | +8% | 4.3% | $5.3M | $63.8M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $172M | +7% | 4.4% | $8.3M | $32.3M |
| Q1 2025 | 10-Q | May 7, 2025 | $167M | +6% | 2.1% | $6.1M | $46.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- MSFT · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
- GOOGL · Stated in 10-K (named, share not stated) · source
About Blackline
The Office of the Chief Financial Officer (“CFO”) is relied upon to deliver timely and accurate financial reporting and business insights. The CFO role has evolved from traditional accounting processes to driving growth, profitability, and governance across the enterprise to improve business outcomes while finance and accounting teams are facing unprecedented system and process complexity, growing data volumes, and evolving regulatory requirements, coupled with expanding roles and responsibilities. As a result, digital transformation has become a top priority for CFOs, as they require powerful technology to meet these demands.
In its own words, from its 10-K, filed Feb 26, 2026.
Blackline against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +14%. Operating margin: 8.6% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BL Blackline | Q3 2026 | $193M | +8% | 8.6% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Blackline 10-Q on SEC EDGAR · CIK 1666134 · Services-Prepackaged Software
Guidance and outlook
13F: who owns BL and who is buying
More on BL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Blackline guidance history: guided vs reported
- Blackline gross margin by quarter
- Blackline operating margin by quarter
- Blackline net income by quarter
- Blackline free cash flow by quarter
- Blackline R&D spending by quarter
- Blackline Subscription and support revenue by quarter
- Blackline Professional services revenue by quarter