BLKB Blackbaud margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 97

Gross margin

59.9%

Operating margin

20.1%

EBITDA margin

28.1%

Net margin

12.9%

Currently, Blackbaud has a gross margin of 59.9%, an operating margin of 20.1%, an EBITDA margin of 28.1%, and a net margin of 12.9%. Each available margin improved from the same period last year. Operating margin recorded the strongest gain, increasing by 40.9 percentage points.

BLKB margin history

Gross, operating, EBITDA and net margin trends

Blackbaud's margins averaged 56.67% gross, 1.49% operating, 11.53% EBITDA, and -3.57% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

BLKB margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 2.3 percentage points, operating margin by 40.9 percentage points, EBITDA margin by 39.5 percentage points, and net margin by 36.5 percentage points, led by operating margin with an increase of 40.9 percentage points.

Gross margin expansion

2.3pp

Operating margin expansion

40.9pp

EBITDA margin expansion

39.5pp

Net margin expansion

36.5pp

BLKB Gross margin

Across the last 3 years, Blackbaud's gross margin stood at 56.67%. The current gross margin of 59.9% is 3.2 percentage points above its three-year average. Gross margin was highest at 59.9% in Sep 2026 and lowest at 54.1% in Dec 2023.

BLKB Operating margin

The average operating margin for Blackbaud was 1.49% in the last 3 years. As of the latest period, the current operating margin for Blackbaud is 20.1%, 18.6 percentage points above its three-year average. The operating margin for Blackbaud moved between -23.5% in Dec 2024 and 20.1% in Sep 2026.

BLKB EBITDA margin

Over the last 3 years, Blackbaud recorded an average EBITDA margin of 11.53%. Compared with its three-year average, Blackbaud's current EBITDA margin is 28.1% and is 16.6 percentage points above its three-year average. The highest EBITDA margin for Blackbaud was 28.1% in Sep 2026, while the lowest was -12% in Mar 2025.

BLKB Net margin

Looking back over the last 3 years, Blackbaud recorded an average net margin of -3.57%. Blackbaud's current net margin is 12.9% and is 16.5 percentage points above its three-year average. The highest net margin for Blackbaud was 13.1% in Jun 2026, while the lowest was -26.3% in Mar 2025.

BLKB margin group comparison

Margins compared with peer-group, industry and sector averages

Blackbaud's gross margin of 59.9% is above the Technology sector average but below the industry and its peers average. Compared to its Technology sector average of 52.5%, Blackbaud's gross margin is 14% higher.

BLKB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Blackbaud's gross margin?

For the period ending Sep 30, 2026, BLKB recorded a gross margin of 59.9%.

What is Blackbaud's operating margin?

For the period ending Sep 30, 2026, BLKB recorded an operating margin of 20.1%.

What is Blackbaud's EBITDA margin?

For the period ending Sep 30, 2026, BLKB recorded an EBITDA margin of 28.1%.

What is Blackbaud's net margin?

The current net margin for BLKB is 12.9% as of Sep 30, 2026.

What are the average margins of BLKB?

Looking back over 3 years, BLKB recorded average margins of 56.7% gross, 1.5% operating, 11.5% EBITDA, and -3.6% net.

What are the highest historical margins of BLKB?

Looking back across 5 years, BLKB reached 59.9% gross in Sep 2026, 20.1% operating in Sep 2026, 28.1% EBITDA in Sep 2026, and 13.1% net in Jun 2026.

What are the lowest historical margins of BLKB?

Blackbaud's lowest recorded margins during the past 5 years were 52% gross in Mar 2022, -23.5% operating in Dec 2024, -12% EBITDA in Mar 2025, and -26.3% net in Mar 2025.