Blackbaud Q3 2026: EPS $1.36, Revenue Up 4.1%, Guidance Reaffirmed at Upper Half
BLKB sits 90% above its 52-week low of $25.58.
Summary
Blackbaud reported Q3 2026 revenue of $292.6 million, up 4.1%, with non-GAAP EPS of $1.36 and adjusted EBITDA margin of 38.0%. Full-year guidance was reaffirmed at the upper half of all four key metrics, and the company has bought back more than 7% of its shares year-to-date.
Key Events · Earnings and Guidance · BLKB
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Q3 Revenue Up 4.1% to $292.6M
GAAP total revenue was $292.6 million versus $281.1 million a year ago, with recurring revenue of $287.0 million representing 98.1% of the total.
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Margins Expand, EPS $1.36
Non-GAAP operating margin rose 240 basis points to 32.3% and adjusted EBITDA margin rose 260 basis points to 38.0%; non-GAAP diluted EPS was $1.36, up $0.26.
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Guidance Reaffirmed at Upper Half
Full-year 2026 guidance held at GAAP revenue of $1.173-$1.179 billion, adjusted EBITDA of $430-$438 million, non-GAAP EPS of $5.15-$5.25 and free cash flow of $280-$290 million, with management expecting the upper half of each range.
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Buyback and Deleveraging Continue
More than 7% of shares outstanding repurchased year-to-date, with approximately $832 million remaining under the program, while leverage fell from 2.7x in Q1 to 2.3x in Q3.
Analysis · BLKB · Technology
The key takeaway for holders is a clean quarter with margin expansion and full-year guidance reaffirmed at the upper half of every metric. Non-GAAP operating margin rose 240 basis points to 32.3% and adjusted EBITDA margin climbed 260 basis points to 38.0%, so earnings grew faster than the 4.1% revenue growth. Management also noted that the company has repurchased more than 7% of shares outstanding year-to-date and cut leverage from 2.7x in Q1 to 2.3x in Q3, with roughly $832 million left on the buyback authorization. The main soft spot: GAAP net income of $46.1 million was slightly below last year's $47.5 million because the prior-year quarter carried a tax benefit, and the adjusted figures are what management is steering investors toward.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. 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 $48.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $25.58 to $70.71. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.