Filing Flows › Blackbaud (BLKB) › Q2 2026 › vs Q2 2025
Blackbaud (BLKB) Q2 2026 vs Q2 2025 (year over year)
Blackbaud's revenue rose $8.6M (+3%) from $282M in Q2 2025 to $291M in Q2 2026. The biggest changes: Recurring +$9.0M (+3%); One-time services and other −$445K (-8%). Gross margin 61.3% against 59.7% (+1.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 61.3% | 59.7% | +1.6 pts |
| Operating margin | 21.3% | 20.3% | +1.0 pts |
| Net margin | 12.2% | 9.4% | +2.8 pts |
| Free cash flow margin | 30.5% | 23.5% | +7.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Contractual recurring | $186M | $180M | $6.2M | +3% |
| Transactional recurring | $98.9M | $96.2M | $2.8M | +3% |
| Recurring | $285M | $276M | $9.0M | +3% |
| One-time services and other | $5.3M | $5.8M | −$445K | -8% |
| Revenue | $291M | $282M | $8.6M | +3% |
| Gross profit | $178M | $168M | $9.8M | +6% |
| Cost of revenue | $112M | $114M | −$1.2M | -1% |
| Operating profit | $62.0M | $57.3M | $4.7M | +8% |
| Operating expenses | $116M | $111M | $5.1M | +5% |
| Pre-tax earnings | $46.4M | $40.0M | $6.4M | +16% |
| Other expense, net | $15.6M | $17.3M | −$1.7M | -10% |
| Research & development | $34.9M | $33.6M | $1.3M | +4% |
| Sales & marketing | $46.3M | $44.0M | $2.2M | +5% |
| General & admin | $34.4M | $32.9M | $1.6M | +5% |
| Other operating costs | $586K | $566K | $20K | +4% |
| Net earnings | $35.4M | $26.5M | $8.9M | +34% |
| Income tax | $11.1M | $13.6M | −$2.5M | -19% |
| Depreciation & amortization | $20.7M | $21.7M | −$957K | -4% |
| Share-based compensation | $22.7M | $27.3M | −$4.5M | -17% |
| Working capital & other | $12.2M | −$8.5M | $20.7M | — |
| Operating cash flow | $91.1M | $66.9M | $24.1M | +36% |
| Free cash flow (OCF − capex) | $88.6M | $66.3M | $22.3M | +34% |
| Capital expenditures | $2.4M | $623K | $1.8M | +293% |
Questions
How much did Blackbaud's revenue grow year over year in Q2 2026?
Blackbaud's revenue rose $8.6M (+3%) from $282M in Q2 2025 to $291M in Q2 2026.
What drove Blackbaud's revenue change in Q2 2026?
Recurring +$9.0M (+3%); One-time services and other −$445K (-8%).