Filing Flows › Blackbaud (BLKB) › Q2 2026 › vs Q1 2026
Blackbaud (BLKB) Q2 2026 vs Q1 2026 (quarter over quarter)
Blackbaud's revenue rose $9.5M (+3%) from $281M in Q1 2026 to $291M in Q2 2026. The biggest changes: Recurring +$8.8M (+3%); One-time services and other +$651K (+14%). Gross margin 61.3% against 59.2% (+2.1 pts).
Blackbaud, Q2 2026: revenue $291M (+3% year over year), operating margin 21.3%, net earnings $35.4M, operating cash flow $91.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 61.3% | 59.2% | +2.1 pts |
| Operating margin | 21.3% | 18.3% | +3.0 pts |
| Net margin | 12.2% | 11.1% | +1.1 pts |
| Free cash flow margin | 30.5% | 17.7% | +12.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Contractual recurring | $186M | $182M | $4.1M | +2% |
| Transactional recurring | $98.9M | $94.2M | $4.8M | +5% |
| Recurring | $285M | $276M | $8.8M | +3% |
| One-time services and other | $5.3M | $4.7M | $651K | +14% |
| Revenue | $291M | $281M | $9.5M | +3% |
| Gross profit | $178M | $167M | $11.6M | +7% |
| Cost of revenue | $112M | $115M | −$2.1M | -2% |
| Operating profit | $62.0M | $51.4M | $10.6M | +21% |
| Operating expenses | $116M | $115M | $1.0M | +0.9% |
| Pre-tax earnings | $46.4M | $37.8M | $8.6M | +23% |
| Other expense, net | $15.6M | $13.6M | $2.0M | +14% |
| Research & development | $34.9M | $36.9M | −$2.1M | -6% |
| Sales & marketing | $46.3M | $47.3M | −$1.1M | -2% |
| General & admin | $34.4M | $30.3M | $4.2M | +14% |
| Other operating costs | $586K | $588K | −$2K | -0.3% |
| Net earnings | $35.4M | $31.1M | $4.2M | +14% |
| Income tax | $11.1M | $6.7M | $4.4M | +66% |
| Depreciation & amortization | $20.7M | $20.6M | $191K | +0.9% |
| Share-based compensation | $22.7M | $23.9M | −$1.2M | -5% |
| Working capital & other | $12.2M | −$24.1M | $36.4M | — |
| Operating cash flow | $91.1M | $51.5M | $39.6M | +77% |
| Free cash flow (OCF − capex) | $88.6M | $49.8M | $38.8M | +78% |
| Capital expenditures | $2.4M | $1.7M | $781K | +47% |
Questions
How much did Blackbaud's revenue grow quarter over quarter in Q2 2026?
Blackbaud's revenue rose $9.5M (+3%) from $281M in Q1 2026 to $291M in Q2 2026.
What drove Blackbaud's revenue change in Q2 2026?
Recurring +$8.8M (+3%); One-time services and other +$651K (+14%).