# Blackbaud Reports Revenue Growth and Reaffirms Annual Forecast

Quarterly revenue increased 4.1%, with recurring revenue accounting for 98.1% of the total.

By Will Langan | 24X7 News
Published: 2026-10-28T14:09:05.396Z
Updated: 2026-10-28T14:09:05.396Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/blackbaud-third-quarter-results-october-28-2026

Blackbaud reported higher quarterly revenue and earnings on October 28 and reaffirmed its annual forecast, saying it expects results in the upper half of its guidance ranges.

The software provider for nonprofits and education organizations reported revenue of $292.6 million for the quarter ended September 30, up 4.1% from a year earlier, according to its release.

Recurring revenue reached $287 million, representing 98.1% of total revenue. Operating income under standard accounting rules was $60 million, with a 20.5% margin.

Net income totaled $46.1 million, or $1.02 per diluted share. Earnings per share rose four cents. On Blackbaud's adjusted basis, earnings were $1.36 per share, up 26 cents.

Operating cash flow increased by $2.5 million to $141.7 million. The company's non-GAAP free cash flow measure rose by $2.8 million to $126 million.

For 2026, Blackbaud maintained projected revenue of $1.173 billion–$1.179 billion and adjusted earnings of $5.15–$5.25 per share.

Adjusted figures exclude specified items and supplement standard accounting results. Management's expectations for the remainder of the year are projections.

Sources: Blackbaud third-quarter results release.

## Sources
- Blackbaud Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/blackbaud-announces-2026-third-quarter-financial-results-302921392.html