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BLACKBAUD INC

BLKB Clue Score48
United States Fiscal year ends December CIK 0001280058
$45.48 +1.43% Close, 9 Oct 2026
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Price $45.48 −37.57% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue788.5Operating income68.2Net income73.6EPS, diluted1.54Fiscal year 2018Revenue848.6 +7.6%Operating income59.4Net income44.8 −39.1%EPS, diluted0.93 −39.6%Fiscal year 2019Revenue900.4 +6.1%Operating income27.1Net income11.9 −73.4%EPS, diluted0.25 −73.1%Fiscal year 2020Revenue913.2 +1.4%Operating income37.2Net income7.7 −35.2%EPS, diluted0.16 −36.0%Fiscal year 2021Revenue927.7 +1.6%Operating income24.9Net income5.7 −26.2%EPS, diluted0.12 −25.0%Fiscal year 2022Revenue1,058.1 +14.1%Operating income−28.5Net income−45.4 −896.9%EPS, diluted−0.88 −833.3%Fiscal year 2023Revenue1,107.1 +4.6%Operating income46.4Net income3.0EPS, diluted0.06Fiscal year 2024Revenue1,154.6 +4.3%Operating income−271.4Net income−299.5 −10,024.6%EPS, diluted−5.92 −9,966.7%Fiscal year 2025Revenue1,128.4 −2.3%Operating income190.8Net income115.0EPS, diluted2.37
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 788.5 848.6 900.4 913.2 927.7 1,058.1 1,107.1 1,154.6 1,128.4
Growth +7.6% +6.1% +1.4% +1.6% +14.1% +4.6% +4.3% −2.3%
Operating income 68.2 59.4 27.1 37.2 24.9 −28.5 46.4 −271.4 190.8
Net income 73.6 44.8 11.9 7.7 5.7 −45.4 3.0 −299.5 115.0
Growth −39.1% −73.4% −35.2% −26.2% −896.9% −10,024.6%
EPS, diluted 1.54 0.93 0.25 0.16 0.12 −0.88 0.06 −5.92 2.37
Growth −39.6% −73.1% −36.0% −25.0% −833.3% −9,966.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin54.1%Operating margin8.6%Net margin9.3%Free cash flow margin21.1%Fiscal year 2018Gross margin55.0%Operating margin7.0%Net margin5.3%Free cash flow margin22.0%Fiscal year 2019Gross margin53.5%Operating margin3.0%Net margin1.3%Free cash flow margin19.0%Fiscal year 2020Gross margin53.1%Operating margin4.1%Net margin0.8%Free cash flow margin13.0%Fiscal year 2021Gross margin52.2%Operating margin2.7%Net margin0.6%Free cash flow margin21.8%Fiscal year 2022Gross margin52.2%Operating margin−2.7%Net margin−4.3%Free cash flow margin18.1%Fiscal year 2023Gross margin54.1%Operating margin4.2%Net margin0.3%Free cash flow margin17.6%Fiscal year 2024Gross margin54.7%Operating margin−23.5%Net margin−25.9%Free cash flow margin25.0%Fiscal year 2025Gross margin58.8%Operating margin16.9%Net margin10.2%Free cash flow margin22.8%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 54.1% 55.0% 53.5% 53.1% 52.2% 52.2% 54.1% 54.7% 58.8%
Operating margin 8.6% 7.0% 3.0% 4.1% 2.7% −2.7% 4.2% −23.5% 16.9%
Net margin 9.3% 5.3% 1.3% 0.8% 0.6% −4.3% 0.3% −25.9% 10.2%
Free cash flow margin 21.1% 22.0% 19.0% 13.0% 21.8% 18.1% 17.6% 25.0% 22.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow176.3Capital expenditure−10.2Free cash flow166.1Dividends paid−23.1Fiscal year 2018Operating cash flow201.4Capital expenditure−14.7Free cash flow186.7 +12.4%Buybacks0.0Dividends paid−23.3Fiscal year 2019Operating cash flow182.5Capital expenditure−11.5Free cash flow171.0 −8.4%Buybacks0.0Dividends paid−23.6Fiscal year 2020Operating cash flow148.0Capital expenditure−29.7Free cash flow118.3 −30.8%Buybacks−41.0Dividends paid−6.0Fiscal year 2021Operating cash flow213.7Capital expenditure−11.7Free cash flow202.0 +70.8%Buybacks−108.4Dividends paid0.0Fiscal year 2022Operating cash flow203.9Capital expenditure−12.3Free cash flow191.6 −5.1%Buybacks0.0Dividends paid0.0Fiscal year 2023Operating cash flow199.6Capital expenditure−4.7Free cash flow194.9 +1.7%Buybacks−18.8Fiscal year 2024Operating cash flow296.0Capital expenditure−7.4Free cash flow288.5 +48.0%Buybacks−418.0Fiscal year 2025Operating cash flow265.6Capital expenditure−7.8Free cash flow257.8 −10.7%Buybacks−217.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 176.3 201.4 182.5 148.0 213.7 203.9 199.6 296.0 265.6
Capital expenditure −10.2 −14.7 −11.5 −29.7 −11.7 −12.3 −4.7 −7.4 −7.8
Free cash flow 166.1 186.7 171.0 118.3 202.0 191.6 194.9 288.5 257.8
Growth +12.4% −8.4% −30.8% +70.8% −5.1% +1.7% +48.0% −10.7%
Buybacks n/a 0.0 0.0 −41.0 −108.4 0.0 −18.8 −418.0 −217.2
Dividends paid −23.1 −23.3 −23.6 −6.0 0.0 0.0 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash29.8Total debt438.2Net cash (debt)−408.4Shareholders’ equity336.3Debt to equity1.30Fiscal year 2018Cash30.9Total debt387.1Net cash (debt)−356.3Shareholders’ equity373.8Debt to equity1.04Fiscal year 2019Cash31.8Total debt467.1Net cash (debt)−435.3Shareholders’ equity396.8Debt to equity1.18Fiscal year 2020Cash35.8Total debt531.0Net cash (debt)−495.3Shareholders’ equity426.2Debt to equity1.25Fiscal year 2021Cash55.1Total debt956.2Net cash (debt)−901.0Shareholders’ equity717.1Debt to equity1.33Fiscal year 2022Cash31.7Total debt859.0Net cash (debt)−827.4Shareholders’ equity744.0Debt to equity1.15Fiscal year 2023Cash31.3Total debt779.7Net cash (debt)−748.4Shareholders’ equity809.9Debt to equity0.96Fiscal year 2024Cash67.6Total debt1,075.0Net cash (debt)−1,007.4Shareholders’ equity126.8Debt to equity8.48Fiscal year 2025Cash38.9Total debt1,109.7Net cash (debt)−1,070.8Shareholders’ equity85.1Debt to equity13.05
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.8 30.9 31.8 35.8 55.1 31.7 31.3 67.6 38.9
Total debt 438.2 387.1 467.1 531.0 956.2 859.0 779.7 1,075.0 1,109.7
Net cash (debt) −408.4 −356.3 −435.3 −495.3 −901.0 −827.4 −748.4 −1,007.4 −1,070.8
Shareholders’ equity 336.3 373.8 396.8 426.2 717.1 744.0 809.9 126.8 85.1
Debt to equity 1.30 1.04 1.18 1.25 1.33 1.15 0.96 8.48 13.05

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
788.5 848.6 900.4 913.2 927.7 1,058.1 1,107.1 1,154.6 1,128.4
Growth +7.6% +6.1% +1.4% +1.6% +14.1% +4.6% +4.3% −2.3%
n/a 381.7 418.4 428.1 443.2 505.4 508.0 523.2 465.1
426.6 466.9 482.0 485.2 484.5 552.7 599.1 631.4 663.3
Growth +9.4% +3.2% +0.7% −0.1% +14.1% +8.4% +5.4% +5.0%
89.9 98.8 106.2 100.1 124.6 156.9 147.5 153.7 138.1
94.9 106.4 113.4 134.9 146.3 199.9 189.9 142.7 154.6
68.2 59.4 27.1 37.2 24.9 −28.5 46.4 −271.4 190.8
Growth −12.9% −54.3% +37.2% −33.1% −214.4% −685.5%
58.3 44.6 10.6 21.6 7.1 −55.6 19.3 −312.5 131.8
−15.3 −0.2 −1.3 13.9 1.4 −10.2 16.3 −12.9 16.8
73.6 44.8 11.9 7.7 5.7 −45.4 3.0 −299.5 115.0
Growth −39.1% −73.4% −35.2% −26.2% −896.9% −10,024.6%
Per share
1.58 0.95 0.25 0.16 0.12 −0.88 0.06 −5.92 2.41
1.54 0.93 0.25 0.16 0.12 −0.88 0.06 −5.92 2.37
Growth −39.6% −73.1% −36.0% −25.0% −833.3% −9,966.7%
46.7 47.2 47.7 48.2 47.4 51.6 52.5 50.6 47.7
47.8 48.0 48.3 48.7 48.2 51.6 53.7 50.6 48.5
Growth +0.6% +0.6% +0.8% −1.0% +6.9% +4.2% −5.9% −4.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 4.3% a year over five years, and earnings per share grew 71.4% a year.
  • The share count barely moved in five years.
  • Operating margin is up 12.8 points on five years ago, at 16.9%.
  • A net loss in 2 of 9 years on file.