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Blackbaud BLKB Recurring — Revenue

Other product segments

Contractual recurring
$186.37M+3.4%
Transactional recurring
$98.93M+3.7%
One-time services and other
$5.31M-7.7%

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Other financials

Income statement

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Revenue$290.6M+3.0%
Gross profit$178.2M+5.8%
Operating income$62.0M+8.2%
Net income$35.4M+33.6%
EPS (diluted)$0.79+43.6%

Balance sheet

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Cash & equivalents$881.0M-3.4%
Total debt$1.2B-0.7%
Total equity$67.0M-7.8%
Total assets$2.6B-1.4%

Cash flow

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Operating cash flow$91.1M+36.1%
CapEx$2.4M+293%
Free cash flow$88.6M+33.7%

Valuation

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Market cap$2.1B-33.5%
Enterprise value$2.38B-30.3%
P/E14×
P/S1.8×-0.9×

Profitability

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Gross margin59.6%+2.9pp
Operating margin19.8%+13.0pp
Net margin13.1%+7.9pp
FCF margin28.7%+7.4pp

Returns & leverage

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Return on equity215.6%+168pp
Debt / equity17.3×+1.2×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Blackbaud in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Blackbaud’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001280058-26-000025
(dollars in thousands)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Contractual recurring$186,365$180,128$368,679$355,593
Transactional recurring98,92696,151193,097184,011
Total recurring revenue$285,291$276,279$561,776$539,604
One-time services and other5,3065,7519,96112,362
Total revenue$290,597$282,030$571,737$551,966

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Blackbaud's recurring — revenue?
Blackbaud (BLKB) reported recurring — revenue of $285.29M in Q2 2026.
How has Blackbaud's recurring — revenue changed year-over-year?
Blackbaud's recurring — revenue increased by 3.5% year-over-year, from $275.63M to $285.29M.
What is the long-term trend for Blackbaud's recurring — revenue?
Over 4 years (2021 to 2025), Blackbaud's recurring — revenue has grown at a 5.9% compound annual growth rate (CAGR), from $880.85M to $1.11B.
What does recurring — revenue mean?
This metric represents the total revenue generated from subscription-based software services and recurring maintenance contracts within the company's core business segment. It serves as a primary indicator of the stability and predictability of the company's top-line growth. By focusing on recurring streams, investors can assess the company's ability to retain customers and scale its software-as-a-service model over time.

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