Blackbaud Financial Statements
NASDAQ: BLKBTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Blackbaud revenue and earnings
In fiscal 2025, Blackbaud generated $1.13 billion in revenue, down 2.3% from fiscal 2024, the first decline in the 16 years shown. Net income was $115.0 million, for a net margin of 10.2% versus a median of 0.3% in the prior 5 years. Gross margin was 58.8% (up from 54.7%) and operating margin 16.9%.
Diluted earnings per share came in at $2.37. Over the last 5 fiscal years, BLKB's revenue has grown at a 4.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Blackbaud income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20142014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.13B | 1.15B | 1.11B | 1.06B | 927.74M | 913.22M | 900.42M | 848.61M | 788.31M | 564.42M |
| Revenue growth (YoY) | -2.27% | +4.29% | +4.63% | +14.05% | +1.59% | +1.42% | +6.11% | +7.65% | +39.67% | +12.03% |
| Cost of Revenue | 465.07M | 523.20M | 508.02M | 505.39M | 443.19M | 428.06M | 418.42M | 381.74M | 361.90M | 273.44M |
| Gross Profit | 663.29M | 631.43M | 599.05M | 552.72M | 484.55M | 485.15M | 482.00M | 466.86M | 426.58M | 290.98M |
| Operating Expenses | 472.54M | 902.80M | 552.70M | 581.20M | 459.64M | 447.91M | 454.85M | 407.45M | 358.40M | 244.62M |
| Research & Development | 138.13M | 153.68M | 147.47M | 156.91M | 124.57M | 100.15M | 106.16M | 98.81M | 89.91M | 77.18M |
| Selling, General & Admin | 332.17M | 340.22M | 402.10M | 421.36M | 332.58M | 344.61M | 337.57M | 299.20M | 264.43M | 165.64M |
| Operating Income | 190.75M | -271.38M | 46.35M | -28.48M | 24.91M | 37.24M | 27.14M | 59.42M | 68.18M | 46.36M |
| Interest Expense | 67.97M | 55.63M | 39.92M | 35.80M | 18.00M | 17.29M | 20.62M | 15.90M | 12.10M | 6.01M |
| Other Income (Expense) | 3.95M | 4.22M | 4.08M | 2.33M | 1.43M | 1.06M | 1.26M | -905.00K | 1.10M | -182.00K |
| Pretax Income | 131.78M | -312.46M | 19.29M | -55.58M | 7.08M | 21.61M | 10.59M | 44.62M | 58.34M | 39.23M |
| Income Tax | 16.81M | -12.94M | 16.27M | -10.17M | 1.39M | 13.90M | -1.32M | -219.00K | -15.29M | 10.94M |
| Net Income | 114.97M | -299.52M | 3.02M | -45.41M | 5.70M | 7.72M | 11.91M | 44.84M | 73.63M | 28.29M |
| Net Income growth (YoY) | — | -10024.59% | — | -896.89% | -26.16% | -35.19% | -73.44% | -39.10% | +160.28% | -7.16% |
| EPS (Basic) | 2.41 | -5.92 | 0.06 | -0.88 | 0.12 | 0.16 | 0.25 | 0.95 | 1.58 | 0.63 |
| EPS (Diluted) | 2.37 | -5.92 | 0.06 | -0.88 | 0.12 | 0.16 | 0.25 | 0.93 | 1.54 | 0.62 |
| Shares Outstanding (Basic) | 47.68M | 50.56M | 52.55M | 51.57M | 47.41M | 48.18M | 47.70M | 47.21M | 46.67M | 45.22M |
| Shares Outstanding (Diluted) | 48.47M | 50.56M | 53.72M | 51.57M | 48.23M | 48.70M | 48.31M | 48.05M | 47.78M | 45.80M |
| EBITDA | 276.97M | -149.71M | 155.84M | 73.88M | 107.32M | 129.98M | 112.84M | 138.98M | 142.13M | 91.78M |
| Gross Margin | 58.78% | 54.69% | 54.11% | 52.24% | 52.23% | 53.13% | 53.53% | 55.02% | 54.11% | 51.55% |
| Operating Margin | 16.91% | -23.50% | 4.19% | -2.69% | 2.68% | 4.08% | 3.01% | 7.00% | 8.65% | 8.21% |
| Net Margin | 10.19% | -25.94% | 27.00% | -4.29% | 61.00% | 85.00% | 132.00% | 5.28% | 9.34% | 5.01% |
This table shows 10 annual periods of Blackbaud's income statement, from FY 2025 back to FY 2014, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BLKB's reporting calendar. What is a income statement?