Filing Flows › Blackline (BL) › Q2 2026 › vs Q2 2025
Blackline (BL) Q2 2026 vs Q2 2025 (year over year)
Blackline's revenue rose $15.8M (+9%) from $172M in Q2 2025 to $188M in Q2 2026. The biggest changes: Subscription and support +$14.8M (+9%); Professional services +$968K (+11%). Gross margin 76.0% against 75.2% (+0.7 pts).
Blackline, Q2 2026: revenue $188M (+9% year over year), operating margin 5.9%, net earnings $16.5M, operating cash flow $45.0M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 76.0% | 75.2% | +0.7 pts |
| Operating margin | 5.9% | 4.4% | +1.5 pts |
| Net margin | 8.8% | 4.8% | +4.0 pts |
| Free cash flow margin | 19.4% | 14.8% | +4.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Subscription and support | $178M | $163M | $14.8M | +9% |
| Professional services | $10.0M | $9.0M | $968K | +11% |
| Revenue | $188M | $172M | $15.8M | +9% |
| Gross profit | $143M | $129M | $13.3M | +10% |
| Cost of revenue | $45.1M | $42.6M | $2.5M | +6% |
| Other income, net | $1.8M | $6.0M | −$4.2M | -70% |
| Operating profit | $11.0M | $7.5M | $3.4M | +46% |
| Operating expenses | $132M | $122M | $9.8M | +8% |
| Pre-tax earnings | $12.8M | $13.6M | −$799K | -6% |
| Research & development | $31.3M | $28.0M | $3.3M | +12% |
| Sales & marketing | $68.5M | $64.7M | $3.8M | +6% |
| General & admin | $30.8M | $28.1M | $2.6M | +9% |
| Other operating costs | $1.1M | $1.0M | $73K | +7% |
| Loss borne by minority interests | $7.2M | $901K | $6.3M | +701% |
| Net earnings | $16.5M | $8.3M | $8.2M | +99% |
| Income tax | $3.5M | $6.2M | −$2.7M | -43% |
| Depreciation & amortization | $12.4M | $11.5M | $918K | +8% |
| Share-based compensation | $27.5M | $24.7M | $2.8M | +11% |
| Working capital & other | $11.4M | $12.1M | −$715K | -6% |
| Operating cash flow | $45.0M | $32.3M | $12.6M | +39% |
| Free cash flow (company-reported) | $36.5M | $25.4M | $11.1M | +44% |
| Capitalized software development costs | $6.6M | $6.0M | $615K | +10% |
| Purchases of property and equipment | $1.9M | $966K | $951K | +98% |
Questions
How much did Blackline's revenue grow year over year in Q2 2026?
Blackline's revenue rose $15.8M (+9%) from $172M in Q2 2025 to $188M in Q2 2026.
What drove Blackline's revenue change in Q2 2026?
Subscription and support +$14.8M (+9%); Professional services +$968K (+11%).