Blackbaud Q3 revenue beats estimates, EPS exceeds expectations

Blackbaud

29/10/2025 11:09

Overview

Blackbaud Q3 revenue of $281.1 mln beats analyst expectations

Adjusted EPS of $1.10 for Q3 beats consensus

GAAP revenue down 1.9% due to EVERFI divestiture, non-GAAP organic revenue up 5.2%

Outlook

Blackbaud reiterates 2025 revenue guidance of $1.120 bln to $1.130 bln

Company raises 2025 adjusted free cash flow guidance to $195 mln-$205 mln

Blackbaud expects 2025 non-GAAP EPS of $4.30 to $4.50

Result Drivers

AI INVESTMENTS - Blackbaud's significant investments in AI are empowering customers to improve efficiency and fundraising, as highlighted at the bbcon conference

DIVESTITURE IMPACT - Revenue decline attributed to the divestiture of EVERFI, affecting GAAP results

PRODUCTIVITY IMPROVEMENTS - Strong results reflect execution discipline and ongoing productivity improvements, per CFO Chad Anderson

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$281.10 mln
$279.33 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$1.10
$1.07 (5 Analysts)
Q3 Adjusted Net Income
$53.20 mln
Q3 Adjusted EBITDA
$99.70 mln
Q3 Adjusted Income From Operations
$84 mln
Q3 Adjusted Operating Margin
29.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy."

Wall Street's median 12-month price target for Blackbaud Inc is $79.00, about 18.8% above its October 28 closing price of $64.15

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nPn8HGNPya

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)