Blackbaud (BLKB) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Blackbaud published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Blackbaud reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP diluted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Q3 2025 GAAP net income was lifted by a $6.4 million income tax benefit, which is why GAAP net income fell slightly in Q3 2026 while pre-tax income rose.

Source: Blackbaud Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Blackbaud splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Blackbaud's Contractual recurring revenue was $187 million in Q3 2026, up 2% from $183 million in Q3 2025, 64% of total revenue.
• Blackbaud's Transactional recurring revenue was $99.8 million in Q3 2026, up 8% from $92.8 million in Q3 2025, 34% of total revenue.
• Blackbaud's One-time services and other revenue was $5.6 million in Q3 2026, up 6% from $5.3 million in Q3 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The fourth guided metric is non-GAAP adjusted EBITDA of $430 million to $438 million.

In its Q3 2026 release, Blackbaud said:

“Blackbaud today reaffirmed its 2026 full year financial guidance and expects to finish in the upper half of the range across all four key metrics:”

“GAAP revenue of $1.173 billion to $1.179 billion”

“Non-GAAP diluted earnings per share of $5.15 to $5.25”

“Non-GAAP free cash flow of $280 million to $290 million”

Source: Blackbaud Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BLKB forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Blackbaud's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Blackbaud sells software to nonprofits, schools and other social-impact organizations, and almost all of its revenue repeats. In Q3 2026 recurring revenue was $287.0 million, 98.1% of the $292.6 million total. Contractual recurring revenue, mainly subscription fees for its cloud solutions, was $187.3 million; transactional recurring revenue was $99.8 million; one-time services and other $5.6 million. (Blackbaud Q3 2026 release, Oct 28, 2026; Blackbaud Form 10-Q, Q3 2026, Oct 28, 2026)

Transactional recurring revenue is transaction fees from use of Blackbaud's solutions, including donation processing, tuition management, consumer giving and event-based fundraising. In its 10-K Blackbaud put about 55% of it in donation processing through Blackbaud Integrated Payments and about 20% in consumer giving through JustGiving. (Blackbaud Form 10-Q, Q3 2026, Oct 28, 2026; Blackbaud Form 10-K, 2025, Feb 18, 2026)

Revenue rose $11.5 million, or 4.1%. Transactional recurring revenue added $6.9 million, mainly from pricing initiatives and, to a lesser extent, higher Blackbaud Integrated Payments volume; contractual recurring revenue added $4.3 million from pricing and demand for cloud solutions. Organic revenue on a constant currency basis grew 4.0%. (Blackbaud Form 10-Q, Q3 2026, Oct 28, 2026; Blackbaud Q3 2026 release, Oct 28, 2026)

Most customers are in the United States: $241.2 million of Q3 2026 revenue, against $32.4 million from the United Kingdom and $18.9 million from other countries. Blackbaud had about $1.5 billion of remaining performance obligations at September 30, 2026 and expects to recognize about 45% of it over the next 12 months. (Blackbaud Form 10-Q, Q3 2026, Oct 28, 2026)

Blackbaud's GAAP diluted EPS was $1.02 in Q3 2026, against $0.98 a year earlier, and non-GAAP diluted EPS $1.36, against $1.10. The non-GAAP figure adds back $22.1 million of stock-based compensation, $6.0 million of acquisition-related amortization, $5.4 million of global workforce transition costs and smaller security incident and acquisition costs, then applies an assumed non-GAAP tax provision. (Blackbaud Q3 2026 release, Oct 28, 2026)

Tax moved GAAP results in opposite directions across the two years. The income tax provision was $0.4 million, a 0.8% effective rate, against a $6.4 million benefit in Q3 2025, so GAAP net income slipped to $46.1 million from $47.5 million even as pre-tax income rose to $46.4 million from $41.0 million. (Blackbaud Q3 2026 release, Oct 28, 2026; Blackbaud Form 10-Q, Q3 2026, Oct 28, 2026)

Buybacks drove much of the per-share growth. Diluted weighted average shares fell to 44,961,588 from 48,498,285 a year earlier. Blackbaud said it has repurchased more than 7% of its common stock outstanding since the end of 2025 and had about $832 million left under its repurchase program at September 30, 2026. (Blackbaud Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Blackbaud gives full-year guidance in its release. With Q3 2026 results it reaffirmed 2026 guidance of GAAP revenue of $1.173 billion to $1.179 billion, non-GAAP adjusted EBITDA of $430 million to $438 million, non-GAAP diluted EPS of $5.15 to $5.25 and non-GAAP free cash flow of $280 million to $290 million, and said it expects to finish in the upper half of each range. (Blackbaud Q3 2026 release, Oct 28, 2026)

The guidance assumes a non-GAAP effective tax rate of about 24.5%, interest expense of about $62 million to $66 million and 45.0 million to 46.0 million diluted shares. Blackbaud expects 2026 repurchases to total 7% to 10% of its common stock outstanding at December 31, 2025. (Blackbaud Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Blackbaud, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Blackbaud's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BLKB is on is BLKB a buy or a sell?, what analysts expect next is on the BLKB forecast, and what the company does is on the Blackbaud (BLKB) stock page.

Every number on this page can be traced to a document Blackbaud published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.