Filing Flows › Blackbaud (BLKB) › Q2 2026
Blackbaud (BLKB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Blackbaud (BLKB) reported revenue of $291M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +3% from the quarter before. Operating margin was 21.3%, net earnings $35.4M (12.2% of revenue).
Blackbaud, Q2 2026: revenue $291M (+3% year over year), operating margin 21.3%, net earnings $35.4M, operating cash flow $91.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $291M | +3% | +3% |
| Gross profit | $178M | +7% | +6% |
| Operating profit | $62.0M | +21% | +8% |
| Net earnings | $35.4M | +14% | +34% |
| Operating cash flow | $91.1M | +77% | +36% |
| Free cash flow | $88.6M | +78% | +34% |
What changed
Revenue was $290.6M in Q2 2026, up 3% year over year and up 3% from the previous quarter. Contractual recurring was the largest line at 64% of revenue. Contractual recurring added $6.2M year over year (up 3%), 73% of the total change. One-time services and other declined 8%.
Gross margin was 61.3%, up 1.6 points from Q2 2025. Operating profit was $62.0M, a 21.3% margin (up 1.0 points year over year). Of the extra revenue versus Q2 2025, 55% reached operating profit, above the 20% margin then. Operating expenses grew 5% against revenue growth of 3%. Net earnings were $35.4M, up 34% year over year. The effective tax rate was 23.8%.
Operating cash flow was $91.1M (up 36% year over year), 258% of net earnings. Non-cash charges added back $20.7M of depreciation and amortization and $22.7M of share-based compensation. Working capital and other items added $12.2M. Capital expenditures of $2.4M left free cash flow of $88.6M.
Questions
What was Blackbaud's revenue in the second quarter 2026?
Blackbaud (BLKB) reported revenue of $291M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +3% from the quarter before.
Was Blackbaud profitable in the second quarter 2026?
Operating profit was $62.0M (21.3% of revenue) and net earnings $35.4M.
Source: Blackbaud 10-Q on SEC EDGAR.