Blackbaud Reports Revenue Growth for Third Quarter 2026

The Charleston-based company announced $292.6 million in total revenue for the third quarter of 2026.

Updated on Oct. 30, 2026 in Philanthropy

Blackbaud Reports Revenue Growth for Third Quarter 2026

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Blackbaud reported $292.6 million in total revenue for the third quarter of 2026, which ended on September 30. This figure represents a 4.1% increase compared to the same period in 2025.

Why it matters

The company continues to lean into recurring revenue models, which now account for the vast majority of its financial inflows. Strategic investments in AI-powered tools aim to further optimize operations for its client base.

Recurring revenue reached $287 million for the quarter, comprising 98.1% of the company's total revenue. Income from operations was $60 million, while net income totaled $46.1 million.

The players

Blackbaud

This Charleston-based software company specializes in cloud-based solutions for social impact organizations and non-profits.

The details

At its recent bbcon 2026 user conference, the firm debuted its Platform for Good operating system and the Lantern domain-specific language model. Additionally, the company has actively repurchased over 7% of its common stock since the end of 2025.

The third quarter fiscal period concluded on September 30, 2026.
The bbcon 2026 user conference took place from September 29 to October 1, 2026.
The company stock price closed at $52.71 per share on October 29, 2026.
A stock repurchase reauthorization program began at the end of 2025.
Blackbaud stock reached an all-time high of $117.6780 in 2018.

Market Landscape

The introduction of the Lantern domain-specific language model marks a strategic shift toward specialized AI-integrated operations for the non-profit sector. This move positions the firm to maintain its market share against competitors rapidly adopting automated fundraising tools.

The shift toward a shared architecture via the Platform for Good may result in streamlined workflows for organizations using the software. Clients should monitor future updates to see how these AI tools integrate into their existing subscription tiers.

The takeaway

The firm is prioritizing high-recurring revenue streams to maintain financial stability in an evolving tech landscape. Investors and clients should watch whether these AI-driven product additions successfully drive user retention through 2027.