Filing Flows › Blackbaud (BLKB) › Q3 2026
Blackbaud (BLKB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Blackbaud (BLKB) reported revenue of $293M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +0.7% from the quarter before. Operating margin was 20.5%, net earnings $46.1M (15.7% of revenue).
Blackbaud, Q3 2026: revenue $293M (+4% year over year), operating margin 20.5%, net earnings $46.1M, operating cash flow $142M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $293M | +0.7% | +4% |
| Gross profit | $178M | -0.2% | +6% |
| Operating profit | $60.0M | -3% | +10% |
| Net earnings | $46.1M | +30% | -3% |
| Operating cash flow | $142M | +56% | +2% |
| Free cash flow | $139M | +56% | +2% |
What changed
Revenue was $292.6M in Q3 2026, up 4% year over year and up 1% from the previous quarter. Contractual recurring was the largest line at 64% of revenue. Transactional recurring added $6.9M year over year (up 7%), 60% of the total change.
Gross margin was 60.8%, up 1.2 points from Q3 2025. Operating profit was $60.0M, a 20.5% margin (up 1.1 points year over year). Of the extra revenue versus Q3 2025, 47% reached operating profit, above the 19% margin then. Operating expenses grew 4% against revenue growth of 4%. The fastest-growing cost line was General & admin (+12%). Net earnings were $46.1M, down 3% year over year. The effective tax rate was 0.8%.
Operating cash flow was $141.7M (up 2% year over year), 308% of net earnings. Non-cash charges added back $21.3M of depreciation and amortization and $21.1M of share-based compensation. Working capital and other items added $53.3M. Capital expenditures of $3.2M left free cash flow of $138.5M.
Questions
What was Blackbaud's revenue in the third quarter 2026?
Blackbaud (BLKB) reported revenue of $293M for the third quarter 2026 (Q3 2026), +4% from a year earlier and +0.7% from the quarter before.
Was Blackbaud profitable in the third quarter 2026?
Operating profit was $60.0M (20.5% of revenue) and net earnings $46.1M.
Source: Blackbaud 10-Q on SEC EDGAR.