Filing Flows › Blackbaud (BLKB) › Q3 2026 › vs Q2 2026
Blackbaud (BLKB) Q3 2026 vs Q2 2026 (quarter over quarter)
Blackbaud's revenue rose $2.0M (+0.7%) from $291M in Q2 2026 to $293M in Q3 2026. The biggest changes: Recurring +$1.7M (+0.6%); One-time services and other +$305K (+6%). Gross margin 60.8% against 61.3% (-0.6 pts).
Blackbaud, Q3 2026: revenue $293M (+4% year over year), operating margin 20.5%, net earnings $46.1M, operating cash flow $142M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 60.8% | 61.3% | -0.6 pts |
| Operating margin | 20.5% | 21.3% | -0.9 pts |
| Net margin | 15.7% | 12.2% | +3.6 pts |
| Free cash flow margin | 47.3% | 30.5% | +16.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Contractual recurring | $187M | $186M | $905K | +0.5% |
| Transactional recurring | $99.8M | $98.9M | $834K | +0.8% |
| Recurring | $287M | $285M | $1.7M | +0.6% |
| One-time services and other | $5.6M | $5.3M | $305K | +6% |
| Revenue | $293M | $291M | $2.0M | +0.7% |
| Gross profit | $178M | $178M | −$372K | -0.2% |
| Cost of revenue | $115M | $112M | $2.4M | +2% |
| Operating profit | $60.0M | $62.0M | −$2.1M | -3% |
| Operating expenses | $118M | $116M | $1.7M | +1% |
| Pre-tax earnings | $46.4M | $46.4M | $18K | 0% |
| Other expense, net | $13.5M | $15.6M | −$2.1M | -13% |
| Research & development | $36.2M | $34.9M | $1.4M | +4% |
| Sales & marketing | $46.2M | $46.3M | −$38K | -0.1% |
| General & admin | $34.8M | $34.4M | $379K | +1% |
| Other operating costs | $588K | $586K | $2K | +0.3% |
| Net earnings | $46.1M | $35.4M | $10.7M | +30% |
| Income tax | $371K | $11.1M | −$10.7M | -97% |
| Depreciation & amortization | $21.3M | $20.7M | $560K | +3% |
| Share-based compensation | $21.1M | $22.7M | −$1.6M | -7% |
| Working capital & other | $53.3M | $12.2M | $41.0M | +335% |
| Operating cash flow | $142M | $91.1M | $50.7M | +56% |
| Free cash flow (OCF − capex) | $139M | $88.6M | $49.9M | +56% |
| Capital expenditures | $3.2M | $2.4M | $754K | +31% |
Questions
How much did Blackbaud's revenue grow quarter over quarter in Q3 2026?
Blackbaud's revenue rose $2.0M (+0.7%) from $291M in Q2 2026 to $293M in Q3 2026.
What drove Blackbaud's revenue change in Q3 2026?
Recurring +$1.7M (+0.6%); One-time services and other +$305K (+6%).