Blackbaud Reports 4.1% Q3 Revenue Growth and $1.36 Adjusted EPS

What happened

Blackbaud reported third-quarter 2026 revenue of $292.6 million, up 4.1% from a year earlier, and non-GAAP diluted earnings per share of $1.36. GAAP net income was $46.1 million and non-GAAP adjusted EBITDA was $111.1 million.

Confirmed

Global impact / market context

Revenue growth of 4.1% is modest, so investors may focus on profit per sale, which means margin, and cash available. Reaffirmed guidance signals management expects steady results, which matters for anyone judging whether the business can fund product work without borrowing more.

Analyst inference

Blackbaud sells software to nonprofit groups, so its results reflect spending by charitable organizations. The company is investing in shared architecture and AI tools while guiding to free cash flow, which means cash left after capital spending, a measure investors watch for funding flexibility.

Analyst inference

What to watch

1. The company reaffirmed 2026 guidance of $1.173 billion to $1.179 billion in GAAP revenue, $430 million to $438 million in adjusted EBITDA, and $5.15 to $5.25 in non-GAAP diluted EPS. Confirmed
2. Blackbaud introduced Platform for Good, a shared architecture connecting its products, data, AI, workflows and ecosystem, and unveiled Lantern, a fundraising-focused language model developed with Databricks. Confirmed
3. Watch whether new AI products and the shared platform translate into faster revenue growth and higher profit per sale, and whether free cash flow, meaning cash left after capital spending, lands in the guided range. Analyst inference

Evidence

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