Blackbaud Q2 2026: Revenue Up 3%, EPS $0.79, Reaffirms Upper-Half Guidance, Buyback Reduces Shares 15%
BLKB sits 44% above its 52-week low of $25.58.
Summary
Blackbaud reported Q2 2026 results with 3% revenue growth, GAAP EPS of $0.79, and reaffirmed full-year guidance at the upper half. The company repurchased over 6% of shares YTD, reducing total shares outstanding by ~15% since Q4 2023.
Key Events · Earnings and Guidance · BLKB
-
Q2 Revenue and Earnings Beat
GAAP revenue of $290.6M, up 3.0% year-over-year; GAAP diluted EPS of $0.79, up $0.24 per share; non-GAAP diluted EPS of $1.33, up $0.11 per share.
-
Strong Cash Flow Generation
GAAP operating cash flow of $91.1M, up $24.1M; non-GAAP free cash flow of $75.3M, up $23.8M, with free cash flow margin of 25.9%.
-
FY2026 Guidance Reaffirmed at Upper Half
Management expects to finish in the upper half of all guidance ranges: revenue $1.173B-$1.179B, adjusted EBITDA $430M-$438M, non-GAAP EPS $5.15-$5.25, free cash flow $280M-$290M.
-
Aggressive Share Buyback Continues
Repurchased just over 6% of shares YTD; total shares outstanding reduced by approximately 15% since Q4 2023; ~$850M remaining under buyback program.
Analysis · BLKB · Technology
Blackbaud delivered a solid Q2 with 3% organic revenue growth, a 41% Rule of 40 score, and a sharp increase in free cash flow. Management reaffirmed full-year guidance and expects to finish in the upper half of all ranges, signaling confidence in the second half. The aggressive buyback—over 6% of shares repurchased year-to-date—continues to shrink the share count, boosting per-share metrics. This is a steady, execution-driven quarter that supports the investment thesis of a profitable, cash-generative software company returning capital to shareholders.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BLKB was trading at $36.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $25.58 to $74.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.