Blackbaud reported third-quarter 2026 total revenue of $292.6 million, up 4.1% from third-quarter 2025. The Charleston, South Carolina-based social impact solutions provider’s recurring revenue increased 4.1% as well, to $287 million, reflecting the fact that recurring revenue made up 98.1% of the company’s total revenue. The quarter ended September 30.
“[W]e continue to make significant investments in AI, empowering our customers to deepen constituent relationships, raise more money and operate more efficiently,” Blackbaud President, CEO and Vice Chairman of the Board of Directors Mike Gianoni said in via statement.
During the quarter, the company realized $60 million in income from operations, up from $54.6 million during third-quarter 2025, and $46.1 million in net income, down from $47.5 million a year ago.
At Blackbaud’s bbcon 2026 user conference, which was held September 29-October 1, the company:
* Introduced Platform for Good, a unified operating system that brought the company’s AI offerings, data, ecosystem, products and workflows for social impact together under a shared architecture.
* Unveiled Lantern, a domain-specific language model constructed to optimize fundraising insights and operations. Lantern will power select Blackbaud Raiser’s Edge NXT and Agents for good capabilities.
* Updated its Development Agent offering from Agents of Good and introduced the Data Health Agent, which offers continuous data hygiene and optimization functions in support of finance teams.
* Expanded integration of its Expedited Giving and Expedited Giving +, which streamlines processing of corporate and employee donations to nonprofits, within its YourCause offering.
Blackbaud also continued its stock repurchase activities. As of the end of the quarter had bought back more than 7% of its common stock since the current reauthorization program went into effect at the end of 2025. The company expects the total repurchase amount to be between 7% and 10% for all of 2026.
The company’s stock has been a roller coaster the past several months. The stock price close on October 29 at $52.71 per share on the Nasdaq exchange (BLKB), up from its 52-week low of $25.58 but down from its 52-week high of $68.50. The stock hit its all-time high in 2018 at 117.6780
