Filing Flows › Blackbaud (BLKB) › Q3 2026 › vs Q3 2025
Blackbaud (BLKB) Q3 2026 vs Q3 2025 (year over year)
Blackbaud's revenue rose $11.5M (+4%) from $281M in Q3 2025 to $293M in Q3 2026. The biggest changes: Recurring +$11.2M (+4%); One-time services and other +$270K (+5%). Gross margin 60.8% against 59.6% (+1.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 60.8% | 59.6% | +1.2 pts |
| Operating margin | 20.5% | 19.4% | +1.1 pts |
| Net margin | 15.7% | 16.9% | -1.2 pts |
| Free cash flow margin | 47.3% | 48.3% | -0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Contractual recurring | $187M | $183M | $4.3M | +2% |
| Transactional recurring | $99.8M | $92.8M | $6.9M | +7% |
| Recurring | $287M | $276M | $11.2M | +4% |
| One-time services and other | $5.6M | $5.3M | $270K | +5% |
| Revenue | $293M | $281M | $11.5M | +4% |
| Gross profit | $178M | $167M | $10.3M | +6% |
| Cost of revenue | $115M | $114M | $1.2M | +1% |
| Operating profit | $60.0M | $54.6M | $5.4M | +10% |
| Operating expenses | $118M | $113M | $4.9M | +4% |
| Pre-tax earnings | $46.4M | $41.0M | $5.4M | +13% |
| Other expense, net | $13.5M | $13.5M | −$17K | -0.1% |
| Research & development | $36.2M | $37.2M | −$992K | -3% |
| Sales & marketing | $46.2M | $44.1M | $2.1M | +5% |
| General & admin | $34.8M | $31.0M | $3.8M | +12% |
| Other operating costs | $588K | $570K | $18K | +3% |
| Net earnings | $46.1M | $47.5M | −$1.4M | -3% |
| Income tax | $371K | −$6.4M | $6.8M | — |
| Depreciation & amortization | $21.3M | $21.3M | −$4K | 0% |
| Share-based compensation | $21.1M | $21.7M | −$561K | -3% |
| Working capital & other | $53.3M | $48.8M | $4.5M | +9% |
| Operating cash flow | $142M | $139M | $2.5M | +2% |
| Free cash flow (OCF − capex) | $139M | $136M | $2.8M | +2% |
| Capital expenditures | $3.2M | $3.5M | −$291K | -8% |
Questions
How much did Blackbaud's revenue grow year over year in Q3 2026?
Blackbaud's revenue rose $11.5M (+4%) from $281M in Q3 2025 to $293M in Q3 2026.
What drove Blackbaud's revenue change in Q3 2026?
Recurring +$11.2M (+4%); One-time services and other +$270K (+5%).