Blackbaud Announces 2026 Second Quarter Results

Blackbaud reported its financial results for the second quarter ended June 30, 2026. The company expects to finish the fiscal year 2026 in the upper half of its financial guidance ranges for key metrics including revenue, adjusted EBITDA, non-GAAP EPS, and free cash flow. The second quarter saw a 3.0% increase in GAAP total revenue to $290.6 million and a 3.3% increase in GAAP recurring revenue to $285.3 million. Non-GAAP diluted earnings per share increased by $0.11 to $1.33, and non-GAAP free cash flow increased by $23.8 million to $75.3 million. The company highlighted its continued investment in AI and product innovation, as well as strong performance in its operating plan. Blackbaud reaffirmed its full-year 2026 financial guidance, expecting to achieve results in the upper half of its projected ranges for revenue, adjusted EBITDA, non-GAAP diluted EPS, and non-GAAP free cash flow.