BLKB Financials Blackbaud Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 31, 2026, 11:16 UTC Overview →

Growth & profitability

Revenue has grown 4.3% per year over the past 5 years.
Net income has grown faster than revenue (71.7% vs 4.3% per year).
Operating margin has expanded, at 16.9% in the latest year.
Free cash flow has grown 16.9% per year over the past 5 years.

Financial health

Total debt ($1.1B) exceeds cash ($39M); net debt is $1.1B.
Total debt has grown faster than revenue (15.8% vs 4.3% per year).
Operating income covered interest expense 2.8× in the latest year, up from 2.2× 5 years ago.
Total debt is 4.0× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.1B	$115M	58.8%	16.9%	135.2%	4.8%	$258M	$1.1B	$39M
2024	$1.2B	-$283M	54.7%	-23.5%	-223.3%	-11.3%	$289M	$1.1B	$68M
2023	$1.1B	$2M	54.1%	4.2%	0.2%	0.1%	$195M	$781M	$31M
2022	$1.1B	-$45M	52.2%	-2.7%	-6.1%	-1.5%	$192M	$862M	$32M
2021	$928M	$6M	52.2%	2.7%	0.8%	0.2%	$202M	$961M	$55M
2020	$913M	$8M	53.1%	4.1%	1.8%	0.4%	$118M	$534M	$36M
2019	$900M	$12M	53.5%	3.0%	3.0%	0.6%	$171M	$468M	$32M
2018	$849M	$45M	55.0%	7.0%	12.0%	2.8%	$187M	$389M	$31M
2017	$788M	$74M	54.1%	8.6%	21.9%	4.1%	$166M	$440M	$30M
2016	$732M	$45M	53.6%	9.3%	16.9%	3.5%	$136M	$344M	$17M
2015	—	$26M	—	—	12.2%	2.1%	$111M	$410M	$15M
2014	—	$28M	—	—	15.2%	3.0%	$103M	$282M	$15M
2013	—	$30M	—	—	18.9%	4.3%	$87M	$153M	$12M
2012	—	$7M	—	—	4.5%	0.9%	$48M	$216M	$13M
2011	—	$33M	—	—	23.7%	8.5%	$67M	$0	$53M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$293M	$46M	60.8%	20.5%	38.6%	2.2%	$139M	$1.0B	$36M
Jun '26	$291M	$35M	61.3%	21.3%	52.7%	1.4%	$89M	$1.2B	$34M
Mar '26	$281M	$31M	59.2%	18.3%	90.1%	1.5%	$50M	$1.2B	$34M
Dec '25	$295M	$37M	58.4%	20.0%	43.1%	1.5%	$55M	$1.1B	$39M
Sep '25	$281M	$47M	59.6%	19.4%	43.9%	2.3%	$136M	$1.1B	$38M
Jun '25	$282M	$26M	59.7%	20.3%	36.4%	1.0%	$66M	$1.2B	$42M
Mar '25	$270M	$4M	57.5%	7.3%	24.7%	0.2%	$700000	$1.2B	$37M
Dec '24	$302M	-$346M	53.8%	-121.6%	-273.1%	-13.9%	$73M	$1.1B	$68M
Sep '24	$287M	$18M	54.9%	14.4%	3.4%	0.7%	$103M	$1.0B	$35M
Jun '24	$287M	$21M	56.0%	14.4%	3.7%	0.7%	$48M	$1.0B	$30M
Mar '24	$279M	$5M	54.8%	3.8%	1.0%	0.2%	$64M	$1.0B	$26M
Dec '23	$295M	$5M	54.0%	11.0%	0.7%	0.2%	-$4M	$781M	$31M
Sep '23	$278M	$9M	56.1%	7.9%	1.1%	0.3%	$127M	$743M	$31M
Jun '23	$271M	$2M	55.2%	0.1%	0.3%	0.1%	$52M	$847M	$29M
Mar '23	$262M	-$15M	53.0%	-3.8%	-2.0%	-0.6%	$20M	$878M	$24M
Dec '22	$275M	-$21M	50.7%	-5.7%	-2.9%	-0.7%	$12M	$862M	$32M
Sep '22	$261M	-$10M	53.7%	-2.7%	-1.4%	-0.4%	$105M	$854M	$31M
Jun '22	$265M	-$3M	52.6%	0.0%	-0.5%	-0.1%	$54M	$940M	$29M
Mar '22	$257M	-$10M	52.0%	-2.3%	-1.5%	-0.4%	$20M	$981M	$34M
Dec '21	$248M	-$7M	50.0%	-2.7%	-1.0%	-0.2%	$41M	$961M	$55M

Valuation over time

How the market has priced BLKB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 2023.8× (Jan '24) to 21.3× (Nov '26).
The price-to-sales ratio has fallen from 2.9× (Mar '23) to 2.2× (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is BLKB growing its revenue and profit?

Over the past 5 years, Blackbaud Inc's revenue has grown 4.3% per year, and net income grown 71.7% per year. These are computed facts, not advice.

How much debt does BLKB have?

As of FY2025, Blackbaud Inc reported $1.1B of total debt against $39M of cash; operating income covered interest expense 2.8×.

What is BLKB's profit margin?

In FY2025, gross margin was 58.8%, operating margin 16.9%, and net margin 10.2%.

What is BLKB's P/E ratio?

Blackbaud Inc's P/E (TTM) is 16.41 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the BLKB stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 21.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.