To the full analysis
Blackbaud stock: growth
BLKBBlackbaud reported $1.13B in revenue for fiscal 2025, down 2.3% on the prior year, up 4.3% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
9.8%
per year from 2006 to 2025, per share 9.2%
Earnings (Annual rate)
7.2%
per year from 2006 to 2025, per share 6.7%
Free cash flow (Annual rate)
8.8%
per year from 2006 to 2025, per share 8.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 4.3% | 5.9% | 9.8% |
| Revenue per share | 4.5% | 5.4% | 9.2% |
| Earnings | 71.6% | 16.2% | 7.2% |
| Earnings per share | 72.0% | 15.7% | 6.7% |
| Free cash flow | 27.6% | 12.4% | 8.8% |
| Free cash flow per share | 27.9% | 11.9% | 8.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $191.96M | $30.51M | $52.16M |
| 2007 | $257.04M | $31.72M | $54.74M |
| 2008 | $302.5M | $29.88M | $2.7M |
| 2009 | $309.34M | $28.45M | $81.26M |
| 2010 | $327.09M | $29.81M | $45.02M |
| 2011 | $370.87M | $33.22M | $66.3M |
| 2012 | $447.42M | $6.58M | $46.89M |
| 2013 | $503.82M | $30.47M | $83.96M |
| 2014 | $564.42M | $28.29M | $79.83M |
| 2015 | $637.94M | $25.65M | $80.23M |
| 2016 | $730.82M | $41.52M | $109.58M |
| 2017 | $788.31M | $65.93M | $137.74M |
| 2018 | $848.61M | $44.84M | $149.04M |
| 2019 | $900.42M | $11.91M | $124.11M |
| 2020 | $913.22M | $7.72M | $76.11M |
| 2021 | $927.74M | $5.7M | $161.51M |
| 2022 | $1.06B | −$45.41M | $132.83M |
| 2023 | $1.11B | $1.82M | $135.51M |
| 2024 | $1.15B | −$299.52M | $288.53M |
| 2025 | $1.13B | $114.97M | $257.78M |
Revenue by segment
How Blackbaud, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Contractual Recurring64%
- Transactional Recurring34%
- One-time Services and Other2%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|
| Contractual Recurring | $601.4M | $709.1M | $738.35M | $775.08M | $721.82M | 64% |
| Transactional Recurring | $279.45M | $302.64M | $333.17M | $354.04M | $384.34M | 34.1% |
| One-time Services and Other | no data | no data | no data | no data | $22.2M | 2% |
| Other | $46.89M | $46.37M | $33.91M | $25.51M | $0 | 0% |
| Total revenue | $927.74M | $1.06B | $1.11B | $1.15B | $1.13B | 100% |
Revenue by region
Where Blackbaud, Inc. generates its revenue.
- United States84%
- Outside the US6%
- Other10%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $706.8M | $727.37M | $775.31M | $772.19M | $777.33M | $896.12M | $945.58M | $988.54M | $953.04M | 84.5% |
| Outside the US | $81.51M | $121.24M | $125.12M | $56.91M | $60.72M | $60.96M | $59.02M | $62.93M | $66.57M | 5.9% |
| Other | $0 | $0 | $0 | $84.12M | $89.69M | $101.03M | $100.83M | $103.16M | $108.75M | 9.6% |
| Total revenue | $788.31M | $848.61M | $900.42M | $913.22M | $927.74M | $1.06B | $1.11B | $1.15B | $1.13B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 9 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.