Blackbaud Reports Q2 Results, Reaffirms Full-Year Guidance for Fiscal 2026
Blackbaud (NASDAQ:BLKB) reported second-quarter revenue of $290.6 million in fiscal 2026, a year-over-year increase of 3.0%, driven by strong recurring revenue growth and improved cash flow metrics. Recurring revenue accounted for 98.2% of total sales at $285.3 million, up 3.3%. GAAP diluted EPS rose to $0.79 from the prior year, while non-GAAP diluted EPS increased to $1.33. Operating and free cash flow also improved significantly. The company reaffirmed its full-year guidance for revenue, adjusted EBITDA, non-GAAP EPS, and free cash flow but indicated it expects results will fall in the upper half of those ranges with both EPS and free cash flow reaching their high ends. Blackbaud has repurchased over 6% of shares so far this year under a $850 million buyback authorization. Blackbaud is also investing heavily in AI, including new Agents for Good capabilities and cloud-native platform enhancements to strengthen its position serving nonprofit organizations and social impact customers.
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