Saturday 17 October 2026 Export BLKB’s income statement to Excel — free account

Blackbaud, Inc.

Blackbaud, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.27% from fiscal 2024. In the quarter to June 2026, revenue grew 3.04%, EPS grew 46.3%, free cash flow grew 46.2% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

51.83 0.44 +0.86%

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Market cap: $2.3B
P/E: 15.9×
Fwd P/E: 9.0×
Dividend yield: —
F-score: 8/9
Altman Z: 1.40
Beneish M: −2.84
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 5.81

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	4	1	—	—	1	—	3	1	—

Insider Ownership 22.90%

Capital & Financial Ratios $m

Market Cap 2,330.00

Revenue 1,148.14

Net Income 150.68

Free Cash Flow 276.59

Net Debt 269.00

Current Ratio 0.83

Debt/Equity 17.16

P/E ratio 15.95

Fwd P/E 8.98

P/S ratio 2.02

P/B ratio 34.61

Past 5Y EPS Growth 71.45%

This Y EPS Growth 17.87%

Next Y EPS Growth 13.82%

Next Y revenue growth 4.31%

Next 5Y EPS Growth 11.09%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 7.44%

10-year low 10-year high

P/S against its own 10 years 5.97%

10-year low 10-year high

P/B against its own 10 years 93.33%

10-year low 10-year high

EV/Sales against its own 10 years 5.75%

10-year low 10-year high

EV/FCF against its own 10 years 4.17%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	0.12	0.12
2019	0.48	0.12 0.12 0.12 0.12
2018	0.48	0.12 0.12 0.12 0.12
2017	0.48	0.12 0.12 0.12 0.12
2016	0.48	0.12 0.12 0.12 0.12

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	728	810	759	881
Receivables	102	86	82	141
Inventory	—	—	—	—
Other	—	—	—	—
	930	977	930	1,119

	2023	2024	2025	Q'26
Payables	25	51	27	35
ST’ Debt	19	24	23	23
Other	696	742	720	852
	1,197	1,252	1,182	1,351

Compound Annual Growth %

	10y	5y	3y
Sales	5.87%	4.32%	2.17%
Cash Flow	7.47%	12.41%	9.21%
Earnings	16.19%	71.64%	0.00%
Book Value	(8.67%)	(27.55%)	(51.47%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	281	291	—	—	—
’25	270	282	281	295	1,128
’24	279	287	287	301	1,155
’23	262	271	278	297	1,107
’22	257	265	261	275	1,058
’21	219	229	231	248	928
’20	224	232	215	243	913

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	51	91	—	—	—
’25	1	67	139	58	266
’24	65	54	104	74	296
’23	22	53	128	(3)	200
’22	25	57	108	14	204
’21	30	70	70	44	214
’20	(25)	62	72	39	148

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	37	75	—	—	—
’25	(12)	52	123	41	204
’24	51	33	88	57	229
’23	6	37	111	(19)	136
’22	8	40	89	(4)	133
’21	17	57	58	30	162
’20	(38)	48	41	25	76

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.67	0.79	—	—	—
’25	0.10	0.54	0.98	0.76	2.37
’24	0.10	0.42	0.40	(6.82)	(5.68)
’23	(0.28)	0.04	0.17	0.10	0.06
’22	(0.20)	(0.07)	(0.20)	(0.41)	(0.88)
’21	0.00	0.14	0.13	(0.15)	0.12
’20	0.10	0.24	0.10	(0.28)	0.16

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	49.89	61.98	58.23	60.00	38.22	56.00	43.54	53.39	66.47	54.56	Analyst estimates 2026–2028 Powerpack
	High	71.76	104.55	120.35	97.35	83.70	86.96	83.98	88.56	88.95	81.39
People
People	Employees	3,156	3,182	3,353	3,611	3,100	3,600	3,200	3,000	2,600	2,800
	Revenue/emp, $m	0.23	0.25	0.25	0.25	0.29	0.26	0.33	0.37	0.44	0.40
Income, $m
Income, $m	Revenue	732	788	849	900	913	928	1,058	1,107	1,155	1,128
	Gross margin, %	53.64	54.10	55.02	53.53	53.13	52.23	52.24	54.11	54.69	58.78
	EBT	57	58	45	11	22	7	(56)	19	(312)	132
	EBT margin, %	7.84	7.40	5.26	1.18	2.37	0.76	(5.25)	1.74	(27.06)	11.68
	Net income	45	74	45	12	8	6	(45)	3	(300)	115
	Depreciation	71	75	80	86	94	84	105	111	124	89
Per share, $
Per share, $	Revenue	15.86	16.90	17.98	18.88	18.95	19.57	20.52	21.07	22.84	23.67
	Earnings	0.90	1.41	0.95	0.25	0.16	0.12	(0.88)	0.06	(5.68)	2.41
	Cash flow	3.33	3.78	4.27	3.83	3.07	4.51	3.95	3.80	5.85	5.57
	Capex	(0.95)	(0.83)	(1.11)	(1.22)	(1.49)	(1.10)	(1.38)	(1.22)	(1.33)	(1.30)
	Free cash flow	2.38	2.95	3.16	2.60	1.58	3.41	2.58	2.58	4.52	4.27
	Book value	5.37	7.21	7.92	8.32	8.84	15.12	14.43	15.39	2.51	1.78
	Shares, m	46	47	47	48	48	47	52	53	51	48
Valuation, ×
Valuation, ×	P/E	77.42	66.42	65.52	306.15	338.59	677.94	0.00	2,852.33	0.00	26.17
	P/S	4.10	5.58	3.50	4.22	3.04	4.04	2.92	4.06	3.24	2.68
	P/B	12.12	13.09	7.94	9.57	6.51	5.22	4.15	5.56	29.47	35.50
	EV/Sales	4.06	5.33	3.43	4.09	2.91	4.36	3.04	4.11	3.47	2.99
	EV/FCF	27.12	30.49	19.50	29.70	34.94	25.07	24.19	33.56	17.50	16.56
Cash, $m
Cash, $m	Operating cash flow	154	176	201	182	148	214	204	200	296	266
	Capex	(44)	(39)	(52)	(58)	(72)	(52)	(71)	(64)	(67)	(62)
	Free cash flow	110	138	149	124	76	162	133	136	229	204
Balance, $m
Balance, $m	Working capital	(172)	(175)	(208)	(254)	(194)	(259)	(312)	(267)	(275)	(252)
	Total debt	342	438	387	467	531	956	859	780	1,075	1,110
	Net debt	(28)	(202)	(63)	(110)	(114)	304	125	51	265	351
	Shareholders’ equity	248	336	374	397	426	717	744	809	127	85
Returns, %
Returns, %	ROA	3.58	4.74	2.63	0.66	0.38	0.23	(1.52)	0.10	(11.08)	4.71
	ROIC	19.45	31.72	11.94	5.92	7.46	1.52	(2.05)	3.37	(43.23)	27.36
	ROE	19.82	25.22	12.63	3.09	1.88	1.00	(6.22)	0.39	(64.03)	108.52

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PLUS ePlus inc.	$2.5B	20.5×	17.6×	+0.99% (above 0%: growing)	−18.18% (below 0%: shrinking)	+175.78% (above 0%: growing)	23.31%	5.98%	Compare
ADEA Adeia Inc.	$2.4B	18.1×	40.6×	+12.11% (above 0%: growing)	+6.67% (above 0%: growing)	+94.36% (above 0%: growing)	100.00%	26.40%	Compare
ASAN Asana, Inc.	$2.4B	— (loss-making)	— (loss-making)	+9.90% (above 0%: growing)	n/m	+390.69% (above 0%: growing)	85.99%	(19.05%)	Compare
BLKB Blackbaud, Inc.	$2.3B	15.9×	9.0×	+3.04% (above 0%: growing)	+46.30% (above 0%: growing)	+46.16% (above 0%: growing)	61.31%	21.34%
BTDR Bitdeer Technologies Group	$2.3B	— (loss-making)	— (loss-making)	+47.05% (above 0%: growing)	n/m	+5.54% (above 0%: growing)	(3.73%)	(44.47%)	Compare
DBD Diebold Nixdorf, Incorporated	$2.3B	21.5×	—	+1.70% (above 0%: growing)	+36.36% (above 0%: growing)	−327.56% (below 0%: shrinking)	25.74%	6.17%	Compare
NCNO nCino Inc.	$2.2B	66.2×	43.6×	+8.19% (above 0%: growing)	n/m	+170.13% (above 0%: growing)	62.59%	8.46%	Compare
VERX Vertex, Inc.	$2.2B	389×	73.1×	+10.52% (above 0%: growing)	n/m	−86.05% (below 0%: shrinking)	64.37%	(2.18%)	Compare
SOUN SoundHound AI, Inc.	$2.2B	— (loss-making)	— (loss-making)	+45.02% (above 0%: growing)	n/m	−49.37% (below 0%: shrinking)	45.12%	(69.95%)	Compare
Median of peers	$2.3B	21.5×	42.1×	+10.21%	+6.67%	+49.95%	53.86%	1.90%

All 237 Software Application stocks →

Blackbaud, Inc. (BLKB) key facts

Concern: Blackbaud, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, down 2.27% from fiscal 2024.
Blackbaud, Inc. (BLKB) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, BLKB traded at $51.83, a market capitalization of $2.3 billion.
Return on equity was 108.5% and debt-to-equity 17.16.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 1.40 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.