Filing Flows › Blackbaud (BLKB) › How it makes money
How Blackbaud (BLKB) makes money
Blackbaud (BLKB) made $293M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Recurring brought in $287M (98%); One-time services and other brought in $5.6M (2%). Of every dollar of revenue, 61¢ was left as gross profit, 20¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Recurring | $287M | 98.1% | +0.6% | +4% |
| ↳ Contractual recurring | $187M | 64.0% | +0.5% | +2% |
| ↳ Transactional recurring | $99.8M | 34.1% | +0.8% | +7% |
| One-time services and other | $5.6M | 1.9% | +6% | +5% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $293M | 100.0% |
| Cost of revenue | $115M | 39.2% |
| Gross profit | $178M | 60.8% |
| Operating expenses | $118M | 40.3% |
| Operating profit | $60.0M | 20.5% |
| Income tax | $371K | 0.1% |
| Net earnings | $46.1M | 15.7% |
| Operating cash flow | $142M | 48.4% |
| Free cash flow | $139M | 47.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $293M | +4% |
| Q2 2026 | $291M | +3% |
| Q1 2026 | $281M | +4% |
| Q4 2025 | $295M | -2% |
| Q3 2025 | $281M | -2% |
| Q2 2025 | $282M | -2% |
| Q1 2025 | $270M | -3% |
From Blackbaud's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Blackbaud make money?
Blackbaud (BLKB) made $293M of revenue in the third quarter 2026 (Q3 2026), +4% from a year earlier. Recurring brought in $287M (98%); One-time services and other brought in $5.6M (2%). Of every dollar of revenue, 61¢ was left as gross profit, 20¢ was left as operating profit, 16¢ was left as net earnings.
What is Blackbaud's biggest business?
Recurring: $287M in the third quarter 2026, 98% of revenue, +4% from a year earlier.
What is Blackbaud's profit margin?
Net earnings were $46.1M, 15.7% of revenue, in the third quarter 2026; the operating margin was 20.5%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.