Blackbaud, Inc. (BLKB) Stock Price & Analysis
Blackbaud, Inc. (BLKB) closed at USD 52.71 on Thursday, October 29, 2026, up 0.38% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 52.51; the Oct 29, 2026 session ranged USD 51.41–53.37 on volume of 509,947 shares. Market capitalization is $2.38B, with a 52-week range of USD 25.58–68.5 (NMS). Source: Nexqual, retrieved October 29, 2026 at 21:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BLKB.md
Latest Earnings Results (BLKB)
Blackbaud, Inc. (BLKB) reported Q3 2026 results on Oct 28, 2026, 7:08:50 AM ET: adjusted EPS $1.36 vs. estimate $1.33 (beat), revenue $292.60M vs. estimate $293.93M (miss). Guidance: Blackbaud reaffirmed its 2026 full year financial guidance and expects to finish in the upper half of the range. Source: SEC 8-K filing. Nexqual published it 30 seconds after release. Read the SEC filing. Full report with estimates: nexqual.com/earnings/2026-10-28/BLKB.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $1.36 (adjusted (non-GAAP) diluted) | $292.6M | Oct 28, 2026, 7:08:50 AM ET · on Nexqual +30 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (BLKB)
- Last four reported quarters (through Sep 30, 2026): revenue $1.16B, net income $149M (12.9% margin), free cash flow $332M (SEC filings).
- Valuation: P/E 15.9x (avg 785.0x at the last 2 fiscal year-ends), EV/EBITDA 10.7x, net debt $1.01B.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $2.2M; 3 not under a Rule 10b5-1 plan ($1.9M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 1 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.25 on a 1–5 scale) (4 analysts), mean target USD 54 (range 45–68).
- Total return with dividends: 1Y -20.0% vs S&P 500 +14.4%; 5Y -25.8% vs S&P 500 +79.1%.
- Next earnings: 2026-10-28, EPS estimate USD 1.43, revenue estimate $312M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BLKB)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $928M | $1.06B | $1.11B | $1.15B | $1.13B | $1.16B |
| Gross profit | $485M | $553M | $599M | $631M | $663M | — |
| Operating income | $24.9M | -$28.5M | $46.4M | -$271M | $191M | $233M |
| Net income | $5.7M | -$45.4M | $3.0M | -$300M | $115M | $149M |
| EPS (diluted) | $0.12 | -$0.88 | $0.06 | -$5.92 | $2.37 | — |
| Free cash flow | $202M | $192M | $195M | $289M | $258M | $332M |
| Gross margin | 52.2% | 52.2% | 54.1% | 54.7% | 58.8% | — |
| Operating margin | 2.7% | -2.7% | 4.2% | -23.5% | 16.9% | 20.1% |
| Net margin | 0.6% | -4.3% | 0.3% | -25.9% | 10.2% | 12.9% |
| Revenue growth | +1.6% | +14.1% | +4.6% | +4.3% | -2.3% | — |
| Cash + short-term investments | $55.1M | $31.7M | $31.3M | $67.6M | $38.9M | — |
| Total debt | $961M | $862M | $781M | $1.08B | $1.11B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (BLKB)
P/E 15.9x · P/S 2.0x · EV/EBITDA 10.7x · EV/Sales 2.9x · P/FCF 7.2x · P/B 19.9x · FCF yield 13.96% · Earnings yield 6.28% · Buyback yield (TTM) 8.99% · Net debt $1.01B · EV $3.39B
P/E at fiscal year-ends: Dec 2025 26.7x, Dec 2023 1543.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (BLKB)
2 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-01 | Anderson Chad | Executive VP and CFO | 2,000 | $95K | 3.2% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-31 | Benjamin David J | EVP, Chief Commercial Officer | 2,086 | $101K | 2.9% | No | Too little history (no open-market trades in 2025) |
| 2026-08-25 | Gianoni Michael P | President and CEO | 17,000 | $805K | 3.9% | No | Routine (sold in Nov each year 2023–2025; this trade is outside those months) |
| 2026-08-06 | Gregoire Kevin P. | EVP, Chief Operating Officer | 22,000 | $1.0M | 16.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-01 | Anderson Chad | Executive VP and CFO | 6,205 | $194K | 9% | Yes (adopted February 27, 2026) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (BLKB)
Consensus Buy (mean 2.25 on a 1–5 scale), 4 analysts; mean target USD 54 (low 45, high 68).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | Baird | Target raised | Outperform | $54 → $58 |
| 2026-07-30 | Evercore ISI Group | Target raised | In-Line | $45 → $48 |
| 2026-07-10 | Stifel | Target lowered | Hold | $45 → $30 |
Total return (dividends reinvested) (BLKB)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -20.0% | -25.8% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -20.1% | -5.8% |
| Volatility (annualized) | 48.7% | 38.9% |
| Max drawdown | -59.7% (Oct 2025→Jun 2026) | -68.9% (Nov 2024→Jun 2026) |
BLKB earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Oct 28, 2026 | Quarter ended Sep 30, 2026 | $1.36 | $1.33 | Beat +2.3% | -1.8% |
| Jul 29, 2026 | Quarter ended Jun 30, 2026 | $1.33 | $1.28 | Beat +3.9% | +11.6% |
| Apr 29, 2026 | Quarter ended Mar 31, 2026 | $1.14 | $1.12 | Beat +1.8% | -0.9% |
| Feb 10, 2026 | Quarter ended Dec 31, 2025 | $1.19 | $1.14 | Beat +4.4% | +4.4% |
| Oct 29, 2025 | — | — | — | — | +2.8% |
| Jul 30, 2025 | — | — | — | — | +4.5% |
| Apr 30, 2025 | — | — | — | — | -4.6% |
| Feb 18, 2025 | — | — | — | — | -14.2% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
BLKB recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 28, 2026 | 10-Q | Quarterly report · period ended Sep 30, 2026 |
| Oct 28, 2026 | 8-K | Quarterly results |
| Aug 10, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 5, 2026, the Board of Directors (the "Board") of Blackbaud, Inc. (the "Company") appointed Anthony W. Boor as a new member of the Board. Mr. Boor currently serves as the Company's Executive Vice President of Corporate Development and Strategy and will continue in that role. Mr. Boor joined the Board as a Class A director, and his term will expire with the terms of the other Class A directors at the 2029 annual meeting of stockholders. No determination has been made regarding whether Mr. Boor will be…” |
| Jul 29, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 29, 2026 | 8-K | Quarterly results |
| Jul 27, 2026 | Schedule 13G/A | BlackRock, Inc.: 12.3% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
BLKB revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Recurring | $287.0M | 98.1% | +4.1% |
| — Contractual recurring (part of Recurring) | $187.3M | 64.0% | +2.3% |
| — Transactional recurring (part of Recurring) | $99.8M | 34.1% | +7.5% |
| One-time services and other | $5.6M | 1.9% | +5.1% |
| Total revenue | $292.6M | 100% | — |
BLKB revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $241.2M | 82.4% | +1.5% |
| United Kingdom | $32.4M | 11.1% | +18.0% |
| Other countries | $18.9M | 6.5% | +18.6% |
| Total revenue | $292.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BLKB suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | CrowdStrike Holdings, Inc. (CRWD) | “For example, on July 19, 2024, CrowdStrike Holdings, Inc. ("CrowdStrike"), which provides cybersecurity services to millions of Microsoft Windows systems worldwide, including to certain Windows systems operated by Blackbaud, implemented a software update to its Falcon sensor software that was flawed and caused Falcon to crash, thereby causing widespread crashes of Windows systems into which it was integrated, incl…” |
| Customer | Microsoft (MSFT) | “For example, on July 19, 2024, CrowdStrike Holdings, Inc. ("CrowdStrike"), which provides cybersecurity services to millions of Microsoft Windows systems worldwide, including to certain Windows systems operated by Blackbaud, implemented a software update to its Falcon sensor software that was flawed and caused Falcon to crash, thereby causing widespread crashes of Windows systems into which it was integrated, incl…” |
| Competitor | Oracle (ORCL) | “•General business software vendors, such as Microsoft, Oracle and Salesforce.com, compete with us in certain areas of our business.” |
| Competitor | Salesforce (CRM) | “•General business software vendors, such as Microsoft, Oracle and Salesforce.com, compete with us in certain areas of our business.” |
| Competitor | Meta Platforms (META) | “•Consumer-oriented fundraising platforms, such as GoFundMe and Facebook compete with our business where consumers raise funds directly.” |
Quoted from the company's 10-K filed Feb 18, 2026.
BLKB company outlook (results filed Oct 28, 2026)
- “Based on our current plans, and stock repurchases to date, we expect total repurchases during 2026 to represent between 7% and 10% of our outstanding common stock as of December 31, 2025.”
Quoted word-for-word from the SEC 8-K results press release.
BLKB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $1.43 | $1.46 | -2.5% | $312.2M | 4 |
| Next quarter (ends Mar 2027) | $1.32 | $1.32 | +0.2% | $295.8M | 4 |
| Current fiscal year (ends Dec 2026) | $5.25 | $5.25 | +0.0% | $1.18B | 4 |
| Next fiscal year (ends Dec 2027) | $6.00 | $5.89 | +1.8% | $1.23B | 4 |
BLKB options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 55.1% | ±11.7% |
| Dec 18, 2026 | 50 | 45.2% | ±13.9% |
| Mar 19, 2027 | 141 | 47.0% | ±23.4% |
| Jun 17, 2027 | 231 | 47.9% | ±30.4% |
30-day implied volatility 47.5% vs 33.6% realized over the last 30 trading days. Put/call ratio (volume) 3.4. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 21:41 UTC)
| Price | USD 52.71 |
|---|---|
| Change | ▲ 0.38% (up) |
| Previous Close | USD 52.51 |
| Open | USD 51.98 |
| Day Range | USD 51.41 – 53.37 |
| 52-Week Range | USD 25.58 – 68.5 |
| Volume | 509,947 shares |
| Market Cap | $2.38B |
| Exchange | NMS |
Technical Analysis (BLKB)
Nexqual's technical model rates BLKB "STRONG BUY" based on 5 bullish and 0 bearish signals across 127 daily candles, as of October 29, 2026 at 21:41 UTC.
| Overall Signal | STRONG BUY |
|---|---|
| RSI (14) | 61.03 (neutral) |
| vs SMA50 | Above (USD 47.05) |
| MACD | 2.58 (positive) |
Analyst Ratings (BLKB)
Wall Street analysts rate BLKB "Buy" based on 4 analysts, with a mean price target of USD 54 (range USD 45–68), per Nexqual as of October 29, 2026 at 21:41 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 54 |
| High Target | USD 68 |
| Low Target | USD 45 |
| Buy / Hold / Sell | 2 / 2 / 0 |
Earnings (BLKB)
| Next Earnings Date | 2026-10-28 |
|---|---|
| EPS Estimate | USD 1.43 |
| Revenue Estimate | $312.20M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 1.36 vs est 1.33 ▲ beat |
| 2026-06-30 | USD 1.33 vs est 1.28 ▲ beat |
| 2026-03-31 | USD 1.14 vs est 1.12 ▲ beat |
| 2025-12-31 | USD 1.19 vs est 1.14 ▲ beat |
Source: Nexqual, October 29, 2026 at 21:41 UTC.
Financials & Fundamentals (BLKB)
| Total Revenue | $1.16B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.10% |
| Gross Margin | +59.94% |
| Operating Margin | +20.49% |
| Profit Margin | +12.87% |
| ROE | +131.11% |
| Debt / Equity | 8.74 |
| Current Ratio | 0.68 |
| Total Cash | $35.73M |
| Total Debt | $1.04B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $331.97M (28.6% of revenue) |
Source: Nexqual, October 29, 2026 at 21:41 UTC.
Financial Health Score (BLKB)
Nexqual rates Blackbaud, Inc.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 21:41 UTC.
| Growth | Weak — Revenue -2% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 60%, operating 20% (last 4 quarters to Sep 2026, SEC) |
| Balance Sheet | Critical — $36M cash and investments vs $1.04B debt (Sep 2026, SEC) |
| Cash Flow | Strong — FCF $332M (last 4 quarters to Sep 2026, SEC), 29% margin |
| Efficiency | Solid — ROE not meaningful (equity is 5.7% of assets); ROA 7.1% (last 4 quarters, SEC) |
Ownership (BLKB)
| Insider Ownership | +1.95% |
|---|---|
| Institutional Ownership | +110.79% |
| Shares Outstanding | 45.10M |
| Float | 34.18M |
| Short % of Float | +11.73% |
Source: Nexqual, October 29, 2026 at 21:41 UTC.
Leadership (BLKB)
Blackbaud, Inc. is led by Michael P. Gianoni, President, CEO & Non-Independent Vice Chairman of the Board, per Nexqual as of October 29, 2026 at 21:41 UTC.
| President, CEO & Non-Independent Vice Chairman of the Board | Michael P. Gianoni |
|---|---|
| Executive VP & CFO | Chad M. Anderson |
| Executive VP & COO | Kevin P. Gregoire |
| Executive VP & CTO | Kevin R. McDearis |
| Executive VP of Corporate Development & Strategy and Director | Anthony W. Boor |
Major Backers & Investors (BLKB)
Notable institutional backers of Blackbaud, Inc. include Clearlake Capital Group, LP, Morgan Stanley, Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund, according to Nexqual as of October 29, 2026 at 21:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Clearlake Capital Group, LP | 21.48% |
| Morgan Stanley | 10.8% |
| Eaton Vance Growth Trust-Eaton Vance Atlanta Capital SMID-Cap Fund | 5.47% |
| Jupiter Topco LLC | 3.51% |
| Goldman Sachs | 2.74% |
| JANUS INVESTMENT FUND-Janus Henderson Triton Fund | 2.67% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 13.18% |
| Vanguard Group | 11.2% |
| State Street | 3.64% |
| Geode Capital | 2.07% |
Source: Nexqual, October 29, 2026 at 21:41 UTC.
From Blackbaud, Inc.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- Our solutions combine deep expertise, end-to-end connection for sector-specific workflows and access to the Blackbaud Verified Network.
- SKY API enables developers to augment Blackbaud solutions with industry-standard REST APIs, standards-based authentication protocols, and a best-in-class developer experience.
- Blackbaud's data intelligence portfolio consists of four key outcome areas: Blackbaud Agents for Good™ are a series of AI agents that leverage Blackbaud's proprietary data and sector expertise to act as staff support or "virtual team members" by autonomously executing complex workflows for nonprofits and leveraging proven processes to accomplish a specific set of outcomes.
- Insights are extracted by combining customer data with licensed and proprietary data before leveraging advanced AI capabilities and expertise from Blackbaud's dedicated team of data scientists.
Legal & Regulatory Risks (Item 1A, quoted)
- Climate change and other natural disasters, new regulations and standards and climate-related goals have impacted, and may in the future impact, our operations and financial performance.
- Privacy and data protection concerns, including evolving domestic and international government regulation in the area of consumer data privacy or data protection, could adversely affect our business and operating results.
- Claims that we or our technologies infringe upon the intellectual property or other proprietary rights of a third party may require us to incur significant costs, enter into royalty or licensing agreements or develop or license substitute technology.
- Our solutions utilize open source software, which may subject us to litigation, require us to re-engineer our solutions, or otherwise divert resources away from our development efforts.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| APPF | AppFolio, Inc. | USD 207.05 | ▲ 1% |
| TTAN | ServiceTitan, Inc. | USD 80.73 | ▼ 0.16% |
| DSGX | The Descartes Systems Group Inc | USD 92.03 | ▼ 0.36% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.09 | ▲ 0.12% |
| IDCC | InterDigital, Inc. | USD 334.27 | ▲ 4.28% |
| PCTY | Paylocity Holding Corporation | USD 168.4 | ▼ 0.06% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:41 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt