Blackbaud (NASDAQ:BLKB) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Blackbaud (NASDAQ:BLKB) issued its earnings results on Wednesday. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.06, Briefing.com reports. Blackbaud had a return on equity of 175.57% and a net margin of 10.19%.The company had revenue of $281.14 million during the quarter, compared to the consensus estimate of $279.33 million. During the same quarter in the prior year, the business earned $0.96 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Blackbaud updated its FY 2026 guidance to 5.150-5.250 EPS.

Here are the key takeaways from Blackbaud’s conference call:

• Blackbaud launched its first agentic product, the Fundraising Development Agent, now generally available with pricing expected in the low tens of thousands per year and a plan to cross-sell subscriptions to thousands of existing and new customers, creating a new subscription and potential transactional revenue stream.
• Q1 results: organic revenue grew 4.2% to $281M, non?GAAP adjusted EBITDA was $99M, non?GAAP EPS rose to $1.14 (+20% YoY), free cash flow was $37M, and the company repurchased roughly 4.5% of shares outstanding.
• Management reaffirmed 2026 guidance and set 2026–2030 targets of ~4–6% annual organic revenue growth, 6–8% adjusted EBITDA growth with >40% EBITDA margin, a >13% non?GAAP EPS CAGR, and plans to deploy 50%+ of 2026–2030 free cash flow to buybacks.
• They warned Q2 adjusted EBITDA dollars may decline slightly due to planned AI investments and noted 2026 results are back?loaded, but also highlighted gross?margin upside from closing legacy data centers and internal AI productivity gains across engineering and operations.

Blackbaud Trading Up 4.1%

NASDAQ:BLKB opened at $39.04 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 12.78. The business’s 50 day moving average is $41.95 and its two-hundred day moving average is $52.99. Blackbaud has a 52 week low of $33.95 and a 52 week high of $74.88. The company has a market cap of $1.80 billion, a PE ratio of 16.40, a P/E/G ratio of 1.28 and a beta of 1.18.

Blackbaud News Roundup

Here are the key news stories impacting Blackbaud this week:

• Positive Sentiment: Q1 results beat estimates: Blackbaud reported $1.14 EPS vs. $1.08 consensus and revenue of $281.1M (vs. $279.3M). Management raised FY?2026 EPS guidance to $5.15–$5.25 (above consensus ~$4.89) and reiterated ~ $1.2B revenue guidance — a clear driver for the stock’s upside. Blackbaud Announces 2026 First Quarter Results
• Positive Sentiment: AI product momentum: Blackbaud launched “Agent For Good,” positioning itself as an AI leader for the social?impact sector; CEO called AI a tailwind on the earnings call, signaling potential revenue/ARPU upside from AI offerings. Blackbaud beats on Q1 revenue: CEO tells Investing.com AI is a tailwind
• Neutral Sentiment: Renewals are the key upcoming test: Analysts/coverage note 2026 customer renewals and upgrade execution will determine whether current momentum is durable — upside depends on successful renewals and adoption of new AI tools. Blackbaud: 2026 Renewals Will Be The Major Test (Upgrade)
• Negative Sentiment: Analyst reaction: Stifel lowered its price target from $50 to $45 and kept a “hold” rating, signaling limited near?term upside despite the beat — a headwind for sentiment. Benzinga / The Fly note on Stifel price target cut

Insiders Place Their Bets

In other Blackbaud news, EVP David J. Benjamin sold 14,349 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $47.47, for a total transaction of $681,147.03. Following the transaction, the executive vice president owned 73,124 shares of the company’s stock, valued at $3,471,196.28. This trade represents a 16.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kevin P. Gregoire sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.02, for a total transaction of $100,040.00. Following the sale, the executive vice president owned 135,194 shares of the company’s stock, valued at approximately $6,762,403.88. The trade was a 1.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,801 shares of company stock valued at $1,893,874 in the last quarter. Insiders own 1.97% of the company’s stock.

Institutional Trading of Blackbaud

Several institutional investors have recently added to or reduced their stakes in BLKB. AQR Capital Management LLC increased its stake in Blackbaud by 157.3% during the fourth quarter. AQR Capital Management LLC now owns 767,792 shares of the technology company’s stock valued at $48,617,000 after purchasing an additional 469,391 shares during the last quarter. Shapiro Capital Management LLC boosted its position in Blackbaud by 248.3% during the 3rd quarter. Shapiro Capital Management LLC now owns 419,189 shares of the technology company’s stock valued at $26,958,000 after purchasing an additional 298,839 shares during the period. Jane Street Group LLC grew its position in shares of Blackbaud by 886.2% during the first quarter. Jane Street Group LLC now owns 159,729 shares of the technology company’s stock worth $9,911,000 after acquiring an additional 143,533 shares during the last quarter. Marshall Wace LLP grew its position in shares of Blackbaud by 419.0% during the third quarter. Marshall Wace LLP now owns 172,576 shares of the technology company’s stock worth $11,098,000 after acquiring an additional 139,326 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of Blackbaud during the fourth quarter worth about $6,430,000. Institutional investors own 94.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Blackbaud from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus decreased their target price on Blackbaud from $50.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday. Evercore set a $55.00 target price on Blackbaud in a research report on Wednesday, February 11th. Raymond James Financial set a $60.00 target price on Blackbaud in a research report on Tuesday, February 10th. Finally, Robert W. Baird raised Blackbaud from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Thursday. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Blackbaud currently has a consensus rating of “Hold” and an average target price of $52.50.

About Blackbaud

Blackbaud, Inc is a leading provider of cloud software, services and data intelligence solutions designed specifically for the social good community. The company’s main offerings include fundraising and relationship management platforms, financial management systems, grant and award management tools, and advanced analytics. Its flagship products—such as Raiser’s Edge NXT, Blackbaud Financial Edge NXT and Blackbaud NetCommunity—help nonprofit organizations, educational institutions, healthcare providers and foundations streamline donor engagement, optimize financial operations and measure program impact.

Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has grown from a small technology startup into a global specialist in nonprofit software.