Blackbaud Q4 revenue rises, beats analyst expectations

Blackbaud

10/02/2026 12:11

Overview

AI solutions provider's Q4 revenue rose, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Outlook

Blackbaud expects 2026 GAAP revenue of $1.173 bln to $1.179 bln

Company projects 2026 non-GAAP adjusted EBITDA of $430 mln to $438 mln

Blackbaud forecasts 2026 non-GAAP EPS of $5.15 to $5.25

Company anticipates 2026 non-GAAP free cash flow of $280 mln to $290 mln

Result Drivers

DIVESTITURE IMPACT - GAAP revenue declined by 2.3% due to the divestiture of EVERFI, while non-GAAP organic revenue increased by 4.3%

OPERATING MARGIN GROWTH - GAAP operating margin increased significantly to 20.0%, attributed to strategic initiatives and cost management

AI INNOVATION - Partnership with Anthropic and AI-powered innovations are expected to drive future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$295.30 mln
$292.30 mln (4 Analysts)
Q4 Adjusted EPS
Beat
$1.19
$1.14 (4 Analysts)
Q4 Adjusted Net Income
$56.90 mln
Q4 Adjusted EBITDA
$104.50 mln
Q4 Adjusted Income From Operations
$88.70 mln
Q4 Adjusted Operating Margin
30.00%


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 no "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 $75.00, about 55.4% above its February 9 closing price of $48.25

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn9nf7kGa

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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.)