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Blackbaud BLKB
$ 43.27 0.89%
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Quarterly report 2026-Q2
added 07-29-2026

Blackbaud Income Statement 2025-2007 | BLKB

Brief overview of income trends at Blackbaud

This overview is based on financial performance over the past five years. According to figures from Blackbaud, revenue changed from $913 million to $1.1 billion over five years. The total change was +23.6%, with a CAGR of approximately 4.3%. The scale of the core business was largely unchanged.

The gross result shifted from $485 million to $663 million, or +36.7%. The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of 53.1% and 58.8%. The business retained more gross profit from each unit of revenue.

Over the period, EBITDA shifted from 130 million dollars to 277 million dollars, a change of +113.1%. EBITDA grew faster than revenue, indicating positive operating leverage. The EBITDA share of revenue changed from 14.2% to 24.5%. A wider margin confirms stronger operating efficiency.

Net profit was 7.7 million dollars at the start and 115 million dollars at the end. The final year delivered the highest net income in the period.

The market value of the business moved from $2.8 billion to $2.4 billion, or −14.4%. Investors responded cautiously to the improvement in the business.

Overall conclusion

The financial profile remains mixed, with strengths and risks moving in different directions. The positive side is supported by better sales economics, higher operating efficiency and a stronger final result. The weaker side of the profile includes weak sales momentum. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Blackbaud

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

2.37 B 3.45 B 3.54 B 2.95 B 3.74 B 2.77 B 3.82 B 3.33 B 4.47 B 3.05 B 2.8 B 1.98 B 1.58 B 1.11 B 1.33 B 944 M 609 M 995 M -

Shares

47.7 M 50.6 M 52.5 M 51.6 M 47.4 M 48.2 M 47.7 M 47.2 M 46.7 M 46.1 M 45.6 M 45.2 M 44.7 M 44.1 M 43.5 M 43.1 M 42.8 M 43 M -

Historical Prices

49.8 68.3 67.3 57.3 79 57.6 79.4 62.3 93.2 62.7 64 41.7 35.8 21.3 25.4 21.9 14.2 23.2 24.1

Net Income

115 M -283 M 1.8 M -45.4 M 5.7 M 7.72 M 11.9 M 44.8 M 65.9 M 41.5 M 25.6 M 28.3 M 30.5 M 6.58 M 33.2 M 29.2 M 27.5 M 29.9 M -

Revenue

1.13 B 1.15 B 1.11 B 1.06 B 928 M 913 M 900 M 849 M 788 M 731 M 638 M 564 M 504 M 447 M 371 M 327 M 309 M 302 M -

Cost of Revenue

465 M 523 M 508 M 505 M 443 M 428 M 418 M 382 M 362 M 339 M 305 M 273 M 233 M 202 M 157 M 132 M 121 M 116 M -

Gross Profit

663 M 631 M 599 M 553 M 485 M 485 M 482 M 467 M 426 M 392 M 333 M 291 M 271 M 245 M 214 M 194 M 188 M 186 M -

Operating Income

191 M -271 M 46.4 M -28.5 M 24.9 M 37.2 M 27.1 M 59.4 M 68.2 M 68.2 M 46.7 M 46.4 M 51.5 M 19.4 M 50.9 M 46 M 45.2 M 47.4 M -

Interest Expense

68 M 55.6 M 39.9 M 35.8 M 18 M 17.3 M 20.6 M 15.9 M 12.1 M 10.6 M 8.07 M 6.01 M 5.82 M 5.86 M 200 K 74 K 962 K 1.53 M -

EBITDA

277 M -150 M 156 M 73.9 M 107 M 130 M 38.3 M 68.9 M 68.1 M 64.6 M 48.9 M 48.2 M 57.6 M 21.7 M 53.7 M 62.2 M 60.8 M 60.3 M -

Operating Expenses

473 M 903 M 553 M 581 M 460 M 448 M 449 M 403 M 362 M 330 M 287 M 245 M 216 M 225 M 161 M 148 M 143 M 139 M -

General and Administrative Expenses

155 M 143 M 190 M 200 M 146 M 135 M 113 M 106 M 94.9 M 81.3 M 76.1 M 58.3 M 50.3 M 63.3 M 36.9 M 32.6 M 33.4 M 34.1 M -

All numbers in USD currency

Quarterly Income Statement Blackbaud

2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

Shares

44.8 M 45.6 M 46.7 M 47.7 M 47.8 M 48.4 M 49.2 M 50.4 M 50.7 M 52.1 M 53.6 M 52.7 M 52.6 M 52.1 M - 51.7 M 51.7 M 51.2 M - 47.5 M 47.8 M 47.4 M - 48.3 M 48.2 M 48 M - 47.8 M 47.7 M 47.5 M - 47.3 M 47.2 M 47 M - 46.7 M 46.7 M 46.5 M - 46.2 M 46.1 M 46 M - 45.6 M 45.6 M 45.5 M - 45.2 M 45.2 M 45.1 M - 44.7 M 44.5 M 44.5 M - 44.2 M 44.1 M 43.9 M - 43.5 M 43.4 M 43.4 M 42.7 M 43.3 M

Net Income

35.4 M 31.1 M - 47.5 M 26 M 4.32 M - 18.3 M 21.8 M 5.25 M - 9.02 M 2.1 M -14.7 M - -10.3 M -3.42 M -10.4 M - 6.19 M 6.73 M -164 K -13.6 M 4.88 M 11.8 M 4.64 M 1.32 M 4.57 M 7.14 M -1.12 M 9.33 M 11.2 M 6.59 M 17.8 M 36.6 M 12.8 M 11 M 13.1 M 17.3 M 8.93 M 9.06 M 6.24 M 6.41 M 25.6 M 25.6 M 25.6 M 4.82 M 28.3 M 28.3 M 28.3 M 11.8 M 30.5 M 30.5 M 30.5 M 3.27 M 6.58 M 6.58 M 6.58 M 6.35 M 33.2 M 33.2 M 33.2 M 8.52 M 6.79 M

Revenue

291 M 281 M - 281 M 281 M 270 M - 287 M 287 M 279 M - 278 M 271 M 262 M - 261 M 265 M 257 M - 231 M 229 M 219 M 243 M 215 M 232 M 224 M 238 M 221 M 226 M 216 M 221 M 210 M 214 M 204 M 217 M 194 M 192 M 185 M 198 M 183 M 180 M 169 M 176 M 159 M 156 M 147 M 153 M 145 M 139 M 128 M 135 M 128 M 125 M 116 M 120 M 122 M 110 M 94.7 M 95 M 95.4 M 93.8 M 86.6 M 83.2 M 80.7 M

Cost of Revenue

112 M 115 M - 114 M 114 M 115 M - 129 M 125 M 126 M - 122 M 121 M 123 M - 121 M 126 M 123 M - 108 M 108 M 103 M - 98.7 M 105 M 105 M - 102 M 101 M 99.3 M - 95.2 M 95.2 M 88 M - 87 M 87 M 85.5 M - 83.3 M 83.6 M 79.9 M - 74.2 M 73.4 M 71.8 M - 68.1 M 64.7 M 63.3 M - 56.1 M 56.6 M 53.6 M - 55.1 M 50.5 M 41.1 M - 39.7 M 39.3 M 36.1 M 33.3 M 31.7 M

Gross Profit

178 M 167 M - 167 M 168 M 155 M - 157 M 163 M 153 M - 156 M 150 M 139 M - 140 M 139 M 134 M - 124 M 121 M 116 M 123 M 116 M 127 M 119 M 121 M 119 M 125 M 117 M 118 M 114 M 118 M 116 M 115 M 107 M 105 M 99.6 M 106 M 99.7 M 96.6 M 89.4 M 90.7 M 84.6 M 82.8 M 75.2 M 75.5 M 76.4 M 74.7 M 64.3 M 68.5 M 71.7 M 68.9 M 62 M 64.3 M 67.3 M 59.7 M 53.6 M 53 M 55.7 M 54.5 M 50.5 M 50 M 49 M

Operating Income

62 M 51.4 M - 54.6 M 56.7 M 19.7 M - 41.1 M 42.1 M 10.7 M - 22 M 294 K -9.95 M - -7.01 M 54 K -5.98 M - 11.8 M 13 M 6.64 M -850 K 10.1 M 19.6 M 8.42 M 3.59 M 7.88 M 13.5 M 2.18 M 14.7 M 15.8 M 11.4 M 17.6 M 20 M 18.4 M 16.5 M 13.3 M 24 M 13.5 M 13.6 M 10.6 M 10.3 M 14 M 14.5 M 8.01 M 7.59 M 13.5 M 16 M 9.28 M 14.6 M 18 M 14.3 M 4.59 M 9.88 M 6.18 M -1.88 M 5.25 M 10.6 M 16 M 14.5 M 9.81 M 13.1 M 11.2 M

Interest Expense

17.6 M 16 M - 16.8 M 18.4 M 16.9 M - 14.1 M 15.7 M 10.3 M - 9.62 M 11.2 M 10.7 M - 9.34 M 8.98 M 7.6 M - 4 M 5.05 M 5.11 M - 4 M 3.89 M 4.16 M - 5.11 M 5.8 M 5.32 M - 4.14 M 4.3 M 3.52 M - 3.09 M 3.22 M 2.38 M - 2.64 M 2.72 M 2.68 M - 1.82 M 1.87 M 1.69 M - 1.27 M 1.33 M 1.46 M - 1.39 M 1.5 M 1.69 M - 1.98 M 1.46 M 191 K - 59 K 60 K 24 K 45 K 79 K

EBITDA

103 M 72 M - 55.1 M 57.3 M 41.4 M - 42.1 M 43 M 40.8 M - 22.8 M 1.08 M 17.3 M - -6.36 M 859 K 19.6 M - 72.3 M 13.6 M 27.1 M -850 K 78.8 M 65.7 M 30.2 M 3.59 M 71.9 M 56.6 M 23.9 M 14.7 M 75.8 M 51.2 M 37.4 M 20 M 73.2 M 53 M 31.4 M 24 M 66.6 M 49.2 M 28.2 M 10.3 M 55.3 M 41.7 M 21.7 M 7.59 M 46.1 M 37.2 M 20 M 14.6 M 50.1 M 35.9 M 15.2 M 9.88 M 27.6 M 10.3 M 10.1 M 10.6 M 28.4 M 22.7 M 13.9 M 25.1 M 19 M

Operating Expenses

116 M 115 M - 113 M 111 M 135 M - 116 M 120 M 142 M - 134 M 149 M 149 M - 147 M 139 M 140 M - 112 M 108 M 109 M - 106 M 107 M 110 M - 111 M 111 M 114 M - 98.5 M 107 M 98.6 M - 89 M 88.1 M 86.3 M - 86.2 M 83 M 78.8 M - 70.7 M 68.4 M 67.2 M - 62.9 M 58.7 M 55 M - 53.7 M 54.5 M 57.5 M - 61.2 M 61.6 M 48.4 M - 39.7 M 40 M 40.7 M 36.8 M 37.8 M

General and Administrative Expenses

34.4 M 30.3 M - 31 M 32.9 M 56.7 M - 27.5 M 33.4 M 47.8 M - 42.6 M 59.1 M 52.8 M - 49.9 M 47.4 M 43.8 M - 34.7 M 32 M 30.6 M - 34.1 M 29.8 M 25.9 M - 28.9 M 28.5 M 27.1 M - 24.9 M 28.4 M 25.1 M - 23.5 M 21.9 M 21.9 M - 22.3 M 20.1 M 19.7 M - 18.4 M 18 M 16.8 M - 15.5 M 13.8 M 12.8 M - 12.6 M 12.8 M 12.7 M - 15 M 21.8 M 14.5 M - 8.98 M 9.18 M 9.2 M 7.9 M 6.9 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Blackbaud (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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