Blackbaud (BLKB) reported second-quarter 2026 revenue of $290.6 million, up 3.0% from the year-earlier period. GAAP net income was $35.4 million, and GAAP diluted earnings per share were $0.79.
The company reaffirmed its 2026 full-year financial guidance and said it expects to finish in the upper half of its ranges for revenue, adjusted EBITDA, non-GAAP EPS and free cash flow.
- Second-quarter GAAP total revenue was $290.6 million, up 3.0%.
- GAAP recurring revenue was $285.3 million, up 3.3%, representing 98.2% of total revenue.
- GAAP income from operations was $62.0 million, with GAAP operating margin of 21.3%.
- GAAP net income was $35.4 million, with GAAP diluted EPS of $0.79.
- GAAP net cash provided by operating activities was $91.1 million.
- Blackbaud reaffirmed 2026 GAAP revenue guidance of $1.173 billion to $1.179 billion.
- The company had about $850 million remaining under its common stock repurchase program as of June 30, 2026.
$BLKB Insider Trading Activity
$BLKB insiders have traded $BLKB stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $BLKB stock by insiders over the last 6 months:
- DAVID J BENJAMIN (EVP, Chief Commercial Officer) has made 0 purchases and 2 sales selling 22,339 shares for an estimated $1,075,879.
- JON W OLSON (SVP and General Counsel) has made 0 purchases and 2 sales selling 15,000 shares for an estimated $727,779.
- KEVIN MCDEARIS (EVP & Chief Technology Officer) has made 0 purchases and 2 sales selling 15,462 shares for an estimated $717,850.
- CHAD ANDERSON (Executive VP and CFO) sold 6,205 shares for an estimated $194,278
- KEVIN P. GREGOIRE (EVP, Chief Operating Officer) sold 2,000 shares for an estimated $100,040
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$BLKB Hedge Fund Activity
We have seen 149 institutional investors add shares of $BLKB stock to their portfolio, and 130 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,205,594 shares (-99.9%) from their portfolio in Q1 2026, for an estimated $85,157,984
- AQR CAPITAL MANAGEMENT LLC removed 420,465 shares (-54.8%) from their portfolio in Q1 2026, for an estimated $16,234,153
- GOLDMAN SACHS GROUP INC added 375,543 shares (+130.9%) to their portfolio in Q1 2026, for an estimated $14,499,715
- GENEVA CAPITAL MANAGEMENT LLC removed 370,851 shares (-34.0%) from their portfolio in Q1 2026, for an estimated $14,318,557
- QUBE RESEARCH & TECHNOLOGIES LTD added 340,695 shares (+256.8%) to their portfolio in Q1 2026, for an estimated $13,154,233
- FULLER & THALER ASSET MANAGEMENT, INC. added 283,772 shares (+70.8%) to their portfolio in Q1 2026, for an estimated $10,956,436
- BANK OF AMERICA CORP /DE/ removed 186,654 shares (-34.7%) from their portfolio in Q1 2026, for an estimated $7,206,710
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
