Earnings summaries and quarterly performance for BLACKBAUD.
Executive leadership at BLACKBAUD.
Michael Gianoni
Detailed
Chief Executive Officer, President and Vice Chairman of the Board
CEO
CA
Chad Anderson
Detailed
Executive Vice President and Chief Financial Officer
DB
David Benjamin
Detailed
Executive Vice President and Chief Commercial Officer
KG
Kevin Gregoire
Detailed
Executive Vice President and Chief Operating Officer
KM
Kevin McDearis
Detailed
Executive Vice President and Chief Technology Officer
TB
Tony Boor
Detailed
Executive Vice President, Corporate Development and Strategy
Board of directors at BLACKBAUD.
Research analysts who have asked questions during BLACKBAUD earnings calls.
BP
Brian Peterson
Raymond James Financial
6 questions for BLKB
Also covers: BIGC, BOX, BRZE +18 more
Robert Oliver
Robert W. Baird & Co.
6 questions for BLKB
Also covers: AMPL, ASAN, AZPN +17 more
SK
S. Kirk Materne
Evercore ISI
6 questions for BLKB
Also covers: ADBE, AVPT, CCCS +16 more
Matthew Kikkert
Stifel Financial
3 questions for BLKB
Also covers: ENFN, GWRE, INTA +3 more
Koji Ikeda
Bank of America
2 questions for BLKB
Also covers: ADSK, AMPL, BL +20 more
Parker Lane
Stifel Financial Corp.
2 questions for BLKB
Also covers: BRZE, CXM, GTM +15 more
J. Parker Lane
Stifel
1 question for BLKB
Also covers: HUBS, KVYO, QTWO +1 more
MV
Matthew VanVliet
BTIG, LLC
1 question for BLKB
Also covers: AGYS, BRZE, CXM +4 more
Recent press releases and 8-K filings for BLKB.
Blackbaud discusses Q3 2025 results, AI strategy, and capital allocation
BLKB
Guidance Update
Product Launch
Share Buyback
- Blackbaud, a vertical software company focused on the global social good space, operates in a $10 billion Total Addressable Market (TAM), serving nonprofits, foundations, K-12 schools, and corporate social responsibility programs.
- The company reported a strong year, including Q3 2025 results, having raised guidance in all categories after Q2 and cash flow guidance again after Q3. They anticipate mid-single-digit organic revenue growth with upside, higher EBITDA growth, double-digit earnings per share growth, and strong cash flow improvements.
- Blackbaud is aggressively integrating AI, with over 70 AI capabilities in core solutions and a new fully agentic AI development agent launching in 2026 to help customers raise money.
- Capital allocation priorities include share buybacks, debt reduction, and small tuck-in acquisitions; the company expects to repurchase 7% to 8% of shares outstanding this year and has bought back 10% net of stock-based comp in the last two years.
Dec 10, 2025, 10:30 AM
Blackbaud Highlights Strong Q3 2025, AI Integration, and Capital Allocation Strategy
BLKB
Guidance Update
Product Launch
Share Buyback
- Blackbaud reported a strong Q3 2025, having raised guidance in all categories after Q2 and raising cash flow guidance again after Q3. The company anticipates mid-single-digit organic revenue growth, higher EBITDA growth, and double-digit earnings per share growth for the future.
- The company estimates its total addressable market at $10 billion, focusing on mid-tier and enterprise institutions within the resilient global social good space.
- Blackbaud is aggressively integrating AI, both internally for productivity (e.g., sales forecasting and lead generation) and externally, with over 70 existing AI capabilities and a new fully agentic AI fundraising solution planned for 2026.
- Capital allocation priorities include aggressive share buybacks, with approximately 7% or 8% of shares outstanding bought back this year and 10% net of stock-based compensation in the last two years, alongside debt reduction to bring the debt-to-EBITDA ratio closer to 2 from 2.4.
Dec 10, 2025, 10:30 AM
Blackbaud Reports Strong 2025 Performance, Aggressive AI Integration, and Capital Allocation Strategy
BLKB
Guidance Update
Product Launch
Share Buyback
- Blackbaud reported a strong 2025, having raised guidance for all categories after Q2 and cash flow guidance after Q3. The company projects mid-single-digit organic revenue growth, higher EBITDA growth, double-digit earnings per share growth, and improved cash flow going forward.
- Operating in a $10 billion Total Addressable Market (TAM) within the global social good space, Blackbaud benefits from a resilient market where U.S. giving totals approximately $600 billion annually. The business is characterized by 98% recurring revenue.
- Blackbaud is aggressively leveraging AI internally for efficiency and externally, with over 70 AI capabilities in current solutions and a new "development agent" (an AI fundraiser) product slated for market release in 2026.
- The company's capital allocation strategy prioritizes share buybacks, debt reduction (targeting a debt-to-EBITDA ratio closer to 2), and small tuck-in acquisitions. Blackbaud expects to buy back 7% to 8% of shares outstanding in 2025, having repurchased approximately 10% net of stock-based comp over the last two years.
Dec 10, 2025, 10:30 AM
Blackbaud Partners with Anthropic on AI Fundraising Connector
BLKB
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Blackbaud (BLKB) announced a first-of-its-kind partnership with Anthropic to provide the fundraising connector for Claude for Nonprofits.
- This integration allows Blackbaud customers to access their 40+ years of nonprofit performance data directly within their daily platforms, starting with Blackbaud Raiser's Edge NXT®.
- The partnership is part of Blackbaud's broader AI strategy, which includes the Agents for Good™ initiative, featuring virtual team members like the Development Agent, currently in early access.
- The Development Agent is expected to unlock new monetization opportunities, capture incremental annual recurring revenue, accelerate cross-sell, and act as a durable growth engine for the business.
Dec 2, 2025, 2:00 PM
Blackbaud Announces Expanded $1 Billion Stock Repurchase Program
BLKB
Share Buyback
Guidance Update
- Blackbaud's board of directors has reauthorized, expanded, and replenished its stock repurchase program, raising the total capacity from $800 million to $1 billion.
- As of December 1, 2025, the remaining amount available to purchase stock under the company's repurchase program was $1 billion.
- Since January 1, 2025, and prior to the replenishment on December 1, 2025, Blackbaud repurchased 2,707,953 shares for $174.5 million, representing approximately 6.7% of its outstanding common stock as of December 31, 2024.
- Based on current market valuations, Blackbaud has increased its fiscal year 2025 expected stock repurchase range to between 7.0% and 8.5% of its outstanding common stock as of December 31, 2024.
Dec 2, 2025, 1:27 PM
Blackbaud Expands Stock Repurchase Program
BLKB
Share Buyback
Guidance Update
- Blackbaud's board of directors has reauthorized, expanded, and replenished its stock repurchase program, increasing the total capacity from $800 million to $1 billion.
- During 2025, prior to December 1, Blackbaud repurchased 2,707,953 shares for $174.5 million, which, including net share settlement, represents approximately 6.7% of the company's outstanding common stock as of December 31, 2024.
- The company has increased its fiscal year 2025 expected stock repurchase range to between 7.0% and 8.5% of its outstanding common stock as of December 31, 2024.
- As of December 1, 2025, $1 billion remained available for stock repurchases under the program.
Dec 2, 2025, 12:30 PM
Blackbaud Reports Strong Q3 2025 Results, Raises Free Cash Flow Guidance, and Boosts Share Repurchase Target
BLKB
Earnings
Guidance Update
Share Buyback
- Blackbaud reported strong Q3 2025 financial results, with revenue of $281 million, representing 5.2% organic growth year-over-year, and non-GAAP diluted earnings per share of $1.10, an 11% increase year-over-year.
- The company achieved an adjusted EBITDA margin of 35.4%, up 200 basis points year-over-year, and generated $125 million in free cash flow, marking a 28% increase from the prior year.
- Blackbaud increased its adjusted free cash flow guidance for 2025 to a range of $195 million to $205 million, primarily due to anticipated cash tax savings.
- The company also increased its stock repurchase target for 2025 to 7% and repurchased approximately 460,000 shares in Q3, bringing the year-to-date total to nearly 2 million shares through Q3 2025.
- Blackbaud is focusing on innovation, having unveiled 70+ AI enhancements and launched its new Agents for Good suite, with monetization of the first agent expected to begin in Q4 2025.
Oct 29, 2025, 12:00 PM
Blackbaud Reports Q3 2025 Results and Updates 2025 Guidance
BLKB
Earnings
Guidance Update
Share Buyback
- Blackbaud reported 5.2% Non-GAAP Organic Revenue Growth and 11% Non-GAAP Diluted EPS growth for Q3 2025, achieving a 35.4% Non-GAAP Adjusted EBITDA Margin.
- The company increased its 2025 total company guidance, with Total Revenue now projected between $1,120M - $1,130M, Adjusted EBITDA Margin between 35.4% - 36.2%, Diluted EPS between $4.30 - $4.50, and Adjusted Free Cash Flow between $195M - $205M.
- Blackbaud has significantly reduced common stock outstanding, repurchasing 16% on a gross basis and 10% on a net basis since the beginning of 2024, with $514 million remaining under its $800 million authorization as of September 30, 2025.
- The company has a long-term goal to achieve the Rule of 45 by FY2030, building on a 41% guidance midpoint for FY25, driven by consistent mid-single digit organic revenue growth and margin expansion.
Oct 29, 2025, 12:00 PM
Blackbaud Reports Strong Q3 2025 Results and Raises Free Cash Flow Guidance
BLKB
Earnings
Guidance Update
Share Buyback
- Blackbaud reported strong Q3 2025 financial results, with revenue of $281 million, representing 5.2% organic growth year-over-year, an adjusted EBITDA margin of 35.4%, and non-GAAP diluted earnings per share of $1.10, an 11% increase year-over-year.
- The company generated particularly strong free cash flow of $125 million in Q3 2025, marking a 28% increase from the previous year.
- For the full year 2025, Blackbaud reiterated its revenue and EPS guidance but increased its adjusted free cash flow guidance to a range of $195 million to $205 million, primarily due to anticipated cash tax savings.
- Blackbaud is heavily focused on innovation in AI, having unveiled over 70 planned or available AI enhancements and launched a new agentic AI suite called "Agents for Good," with the first agent expected to be monetized starting in Q4 2025.
- The company continues to prioritize stock repurchases, having bought back approximately 460,000 shares in Q3 2025, bringing the year-to-date total to nearly 2 million shares, and has increased its 2025 repurchase target to 7% of outstanding stock.
Oct 29, 2025, 12:00 PM
Blackbaud Reports Strong Q3 2025 Results and Raises Free Cash Flow Guidance
BLKB
Earnings
Guidance Update
Share Buyback
- Blackbaud reported strong Q3 2025 results, with revenue of $281 million, representing 5.2% organic growth year-over-year, an adjusted EBITDA margin of 35.4%, and non-GAAP diluted earnings per share of $1.10, up 11% year-over-year.
- The company generated $125 million in free cash flow in Q3 2025, marking a 28% increase year-over-year.
- Blackbaud increased its full-year 2025 adjusted free cash flow guidance to a range of $195 million to $205 million, primarily due to anticipated cash tax savings.
- The company is focused on innovation, including the launch of its Agentic AI suite, "Agents for Good", with monetization beginning this quarter. Additionally, Blackbaud increased its stock repurchase target to 7% for 2025, having repurchased approximately 2 million shares year-to-date through Q3.
Oct 29, 2025, 12:00 PM
Quarterly earnings call transcripts for BLACKBAUD.
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