Blackbaud, Inc.

BLKB

NASDAQ · Application Software

$42.13

At close - Sep 22, 4:00 PM EDT - USD

Market Cap$1.91B

P/E17.8x

52W High$70.71

Volume537.71K

VCP Research Verdict2026Q2

Margin Expansion Masks Persistent Leverage and Equity Erosion

Blackbaud is executing a successful cost discipline and mix shift strategy, evidenced by gross margin expansion from 54.4% in Q4 2024 to 61.3% in Q2 2026 and operating margin improvement from 7.5% in Q1 2025 to 21.3% in Q2 2026. However, the company faces pers...

GrowthDecelerating

ProfitabilityModerate

ValuationAttractive

TechnicalsWeak

Explore valuation models

MARKET ACTION

BLKB price & volume

Price trend, volume and key moving averages

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Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

BLKB-29.22%

S&P 500 (^GSPC)+13.20%

1-Year Return

BLKB-36.86%

S&P 500 (^GSPC)+15.98%

3-Year Return

BLKB-41.58%

S&P 500 (^GSPC)+77.11%

5-Year Return

BLKB-39.76%

S&P 500 (^GSPC)+70.21%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y Low

17.8x

Forward P/EExpansion

8.0x

EV/EBITDA0th %ile

8.2x

FCF YieldCash Flow

13.5%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

17.8x

26.7x

0th· Low

EV/EBITDA

8.2x

62.4x

0th· Low

Price/FCF

7.4x

22.9x

0th· Low

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

Bear$67.59+60.4%

Base (Fair)$109.91+156.5%

Bull$202.46+380.6%

$67.59 Bear$109.91 Base$202.46 Bull

Current Market Price: $42.13

Trades at a 61.7% discount to Base DCF ($109.91)

Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend

Revenue

$1.13B-2.3% YoY

Net income

$115M+140.6% YoY

Free cash flow

$258M-10.7% YoY

Operating margin

16.9%+40.3 pts YoY

ROIC (TTM)17.6%

Avg ROIC 5Y-

ROE (TTM)101.3%

Piotroski Score8 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate10/12 (83%)

Revenue Beat Rate5/12 (42%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Jul 29, 2026	$1.33+8.1% vs $1.23	$291M-0.6% vs $292M
Q2 2026 Apr 29, 2026	$1.14+5.6% vs $1.08	$281M+0.5% vs $280M
Q1 2026 Feb 10, 2026	$1.19+3.5% vs $1.15	$295M+1.1% vs $292M
Q4 2025 Oct 29, 2025	$1.10+2.8% vs $1.07	$281M-4.0% vs $293M

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

5 Stories

PRNewsWire·4d ago

Eleven Startups Showcase AI-Powered Innovation for Social Impact in Blackbaud's 2026 Social Good Startup Pitch Competition

Founders share how their solutions can help nonprofits, educational institutions, grantmakers and socially responsible companies accelerate impact through the Blackbaud ecosystem CHARLESTON, S.C., Sept. 18, 2026 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading provider of AI-powered solutions for social impact, recently hosted the annual showcase for its Social Good Startup Program, featuring live pitches from the startups in this year's cohort.

Zacks Investment Research·Sep 7, 2026

Why Blackbaud (BLKB) is a Top Value Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research·Aug 28, 2026

Why Is Blackbaud (BLKB) Up 21.2% Since Last Earnings Report?

Blackbaud (BLKB) reported earnings 30 days ago. What's next for the stock?

Zacks Investment Research·Aug 21, 2026

Blackbaud (BLKB) is a Top-Ranked Value Stock: Should You Buy?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Filtered for Blackbaud, Inc.More Headlines

Compare before deciding

Benchmark BLKB against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Blackbaud, Inc. (BLKB)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
BLKBBlackbaud, Inc.Current	$42.13	$1.91B	17.78	-2.35%	10.19%	101.27%	—
EVTCEVERTEC, Inc.	$27.90	$1.72B	12.68	10.21%	9.8%	13.43%	—
PCORProcore Technologies, Inc.	$50.85	$7.67B	-75.90	14.83%	-2.73%	-3.13%	—
JAMFJamf Holding Corp.	$13.05	$1.75B	-24.62	11.92%	-5.98%	-5.25%	—
ALKTAlkami Technology, Inc.	$18.09	$1.94B	-39.33	32.89%	-9.21%	-12.48%	—
CRMSalesforce, Inc.	$233.28	$191.06B	29.91	9.58%	21.99%	20.15%	—

Compare BLKB vs Peers

Blackbaud, Inc. (BLKB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EVTC

Most directly comparable listed peer for BLKB.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare BLKB against a more recognizable public peer.

Peer Set

Compare Top 5

vs EVTC, PCOR, JAMF, ALKT

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BLKB SEC Filings & Documents

Blackbaud, Inc. (BLKB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Jul 29, 2026·SEC

Material company update

Jun 11, 2026·SEC

Material company update

Apr 29, 2026·SEC

10-K Annual Reports

FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

FY 2026

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 3, 2025·SEC

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BLKB Frequently Asked Questions

Blackbaud, Inc. (BLKB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Blackbaud, Inc.'s revenue?

Blackbaud, Inc. (BLKB) reported $1.15B in revenue for fiscal year 2025. This represents a 1142% increase from $92.5M in 1999.

How fast is Blackbaud, Inc. growing?

Blackbaud, Inc. (BLKB) saw revenue decline by 2.3% over the past year.

Is BLKB profitable?

Yes, Blackbaud, Inc. (BLKB) is profitable, generating $150.7M in net income for fiscal year 2025 (10.2% net margin).

Dividend & Returns

What is BLKB's return on equity?

Blackbaud, Inc. (BLKB) has a return on equity (ROE) of 101.3%. This is excellent, indicating efficient use of shareholder capital.

What is Blackbaud, Inc.'s free cash flow?

Blackbaud, Inc. (BLKB) generated $278.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in BLKB back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Jul 29, 2026

$1.33+8.1%

vs $1.23

$291M-0.6%

vs $292M

Q2 2026

Apr 29, 2026

$1.14+5.6%

vs $1.08

$281M+0.5%

vs $280M

Q1 2026

Feb 10, 2026

$1.19+3.5%

vs $1.15

$295M+1.1%

vs $292M

Q4 2025

Oct 29, 2025

$1.10+2.8%

vs $1.07

$281M-4.0%

vs $293M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

BLKBBlackbaud, Inc.Current

$42.13

$1.91B

17.78

-2.35%

10.19%

101.27%

—

EVTCEVERTEC, Inc.

$27.90

$1.72B

12.68

10.21%

9.8%

13.43%

—

PCORProcore Technologies, Inc.

$50.85

$7.67B

-75.90

14.83%

-2.73%

-3.13%

—

JAMFJamf Holding Corp.

$13.05

$1.75B

-24.62

11.92%

-5.98%

-5.25%

—

ALKTAlkami Technology, Inc.

$18.09

$1.94B

-39.33

32.89%

-9.21%

-12.48%

—

CRMSalesforce, Inc.

$233.28

$191.06B

29.91

9.58%

21.99%

20.15%

—