Blackbaud Inc income statement

In fiscal 2025, Blackbaud Inc reported revenue of $1.13bn, down 2.3% on the year before, operating income of $191m (a 16.9% margin) and net income of $115m, or $2.37 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Blackbaud Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	309	327	371	447	504	564	638	731	788	849	900	913	928	1,058	1,107	1,155	1,128	1,160
Cost of revenue	121	132	157	202	233	273	305	339	362	382	418	428	443	505	508	523	465	465
Gross profit	188	194	214	245	271	291	333	392	427	467	482	485	485	553	599	631	663	695
Research and development	46	45	48	65	66	77	85	90	90	99	106	100	125	157	147	154	138	142
Selling and marketing	63	69	75	95	98	107	124	150	170	193	224	210	186	221	212	197	178	185
General and administrative	33	33	37	63	50	58	76	81	95	106	113	135	146	200	190	143	155	134
Operating income	45	46	51	19	52	46	47	68	68	59	27	37	25	−28	46	−271	191	233
Interest expense	1	0	0	6	6	6	8	11	12	16	21	17	18	36	40	56	68	66
Net interest income	0	0	−0	−6	−6	−6	—	—	—	—	—	—	—	—	—	—	—	—
Income before tax	45	46	51	13	45	39	37	57	58	45	11	22	7	−56	19	−312	132	176
Income tax	18	17	18	7	15	11	11	12	−15	−0	−1	14	1	−10	16	−13	17	27
Net income	28	29	33	7	30	28	26	45	74	45	12	8	6	−45	3	−300	115	149
Diluted EPS	$0.63	$0.67	$0.75	$0.15	$0.67	$0.62	$0.55	$0.96	$1.54	$0.93	$0.25	$0.16	$0.12	−$0.88	$0.06	−$5.92	$2.37	$3.25
Diluted shares (average)	44m	44m	44m	45m	45m	46m	46m	47m	48m	48m	48m	49m	48m	52m	54m	51m	48m	46m
EBITDA	61	62	68	52	95	92	103	139	142	139	113	130	107	74	156	−150	277	317

US$ millions unless shown otherwise. Fiscal quarters.

Blackbaud Inc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	302	270	282	281	295	281	291	293
Cost of revenue	140	115	114	114	123	115	112	115
Gross profit	163	155	168	167	172	167	178	178
Research and development	38	34	34	37	34	37	35	36
Selling and marketing	50	45	44	44	45	47	46	46
General and administrative	36	57	33	31	34	30	34	35
Operating income	−367	20	57	55	59	51	62	60
Interest expense	16	17	18	17	16	16	18	16
Income before tax	−378	5	40	41	46	38	46	46
Income tax	−32	1	14	−6	9	7	11	0
Net income	−346	4	26	47	37	31	35	46
Diluted EPS	−$6.82	$0.09	$0.55	$0.98	$0.76	$0.67	$0.79	$1.02
EBITDA	−337	41	79	76	81	72	83	81

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Blackbaud Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Blackbaud Inc.